Member Info for mattwales

cherry, its interesting u mention Cote D'Ivoire, Amara before it was taken over had 3.2m ounces and for every holder here u may want to look at the depths and grades they got for some of their assays below. cherry isn't being mean and neither am I, unless Sula drilled in the wrong place like they did in the first drill they would be lucky to get 1m ounces across their field. Of course there's is a long way to go and a shedload of the area to drill yet but so far its not looking that good and you have to hope this new geologist team can find the gold, if there is any at depth to be found. http://www.miningcapital.com/companies/news/42785/amara-mining-reveals-significant-drill-results-from-yaoure-gold-project-51073.html

who do you think will JV with them Swanley? Also, do u think Sula will go after some of the govt revoked licences in SL?

yeah I must be thinking of Paulo Maldini :-)

John Gould is looking at the asset, JV will go to maldini associates but all in my option, its for me a form of asset stripping

I do think they will get a JV albeit with this current driller, he has nothing to lose and everything to gain because he can buy in free by just providing all the drilling going forward to JORC.

nothing new from his last interview with exception of we're looking at assets.......I guess the RNS woke up a few people. SP has gone through the EMA20 after meeting resistance around it earlier :-)

Swanley, absolutely none at all i'm just going by the evidential history of Madini bringing their own team of drillers, now the geologist and believe that's the plan (and has been the plan all along) to get as much of the cake as they can on the cheap. Also, I believe SULA would struggle right now to get a JV or farm in with an outside company without at least a partial JORC to prove the rest of the asset up to get the full JORC figures.

i think it's already set in stone that the farm in or JV would be with the driller... Driller despite all these companies Equity Drilling and Galactic tide with Iain macpherson as shareholder are also part of Madini. This geologist John Gould has been working for Madini since june 2016 now is doing the geology for Sula. It's a takeover without taking over SULA.

they've just reiterated what RM said in his last interviews

mm tricks, however they probably sitting on over 100m shares from all the dumping over the past few weeks.

anyone think like I do their current driller m8 will farm in to get the asset fully proved up?

never trust a holdings list where an institution is involved as they all have active borrow and lending desks to mask their positions. They've been selling short since 0.16 so not sure how they can lose ALB1.

I actually like the 3 month chart looks like half a cup (aka cup and saucer formation) and could still gap up to the 0.2s/0.3. Just in my opinion now too risky as an investment because the investors are selling 1%+ of the company per month for the next 10 months and no news here for a month or 2 till they issue their new findings on all their geological interpretation and the next steps. I am sure there will be a brief lift in the SP then but pretty sure it'd be sold off within minutes.

not just that though is it marketmakers are smart cookies they do read RNSs etc all they will do here is knock the price down because they don't want to be stuck with shares that they know are 100% going to be sold so they drop the bid everytime and the ask follows.

cherryburn, funnily enough I also bought PREM about a week before the placing at 0.375 which was ouch when it went to 0.28, I'm also slightly underwater and heavily in URU but hoping both re-rate with news. I'm increasingly unsure what SULA can do here in all honesty not even good management (and I go by royoboys expression to sum up RM he's like a used car salesman) can mask thin veins of gold and being tied into sharks like this lot of investors without being able to issue another placing to remove them. SULA have to drill a lot more of the asset to find out how much gold they have to get a JORC and with the SP where it is can't issue any more shares unless shareholders approve. I personally feel it will go lower here and am sad that SULA ever got to this stage.

spec, that's what people on the board have been saying for ages, its in their interest to short sell to knock the price down more and more so they pay less to SULA. PREM have just got rid of these sharks.

VSA have this at speculative buy up to 1.2p and lots look at the current SP and think I can make money here. Quite a few broker recommendations to buy are followed by the broker selling out as a way to generate profit so not to be trusted.

Sean, TW tipped Sula as a ten bagger based on the note from Andrew Monk at VSA suggesting 3m+ ounces of gold with the blurb being Maldini etc are investors they will never sell or flip their shares. Everyone pretty much rode on that bandwagon especially pre drill when the driller got the Maldini shares and RM spouting his gold all over the cores, gold is all over the place in interviews then results hit and they had essentially 1 good hole that wasn't thin veined.

a. how have you got that information? b. why would a geologist specialised in iron be looking at gold? c. if you are implicating they looking at the iron they already have a JORC for it no need for a geologist

I remember flanks that's going back to the Coltan days and he like MY21 and a lot of others were very keen on Sula up till that point. Since then its been nothing but disaster. What's worse is that earlier this year the broker commenting Sula has potential of 3m+ ounces of Gold which then started off the pump and dump of this management with comments of Gold is all over the cores and Gold is everywhere and on surface only to be found out at results that its not the case. The broker is just as guilty as suckering in new investors as this management has been. I'm sure the criteria for next year is the same we'll have a new shiny presentation by the end of the year then further broker coverage and plans to drill and then the investor shows and Sula may very well rise in SP but don't stay in.