Member Info for mattwales

is they have to renegotiate the deal because the MOU stated they paid approx. �4m cash on the first anniversary that's April 2018 and they wont have it in operation by then lol what clowns

as per their RNS April it will take them up to 6 months to refurbish the smelter, Q1 2018 is definitely out, they'll be lucky to get it up and running by August 2018.

hi, GK they did more road building to the camp with placing funds earlier in the year. Less the school they would have had to put in the road/water infrastructure anyway to utilise for their camp.

they need to get rid of these investors too PREM used primary bid to get rid of the same entity, they just like Darwin

in general are out of fashion right now......uve only got to look at some shares like URU holding the 12th largest undeveloped nickel pit in the world and had excellent results recently to prove up more nickel and they found platinum etc underneath and not showing much of a bounce and still down 70% from high. PREM almost in production but having a �3.5m placing and they still down over 60% from high, IRON awaiting permits to go into production down around 70% etc etc......its been tough for most miners this year across AIM.

Chinese grades for iron ore have fallen by over 30% in the last few years plus the new pollution policies of the Chinese has shutdown iron ore and coal pits which is why there has been a resurgence in the IO and coal price and why the Chinese have been buying assets mainly in Oz. However, even huge potential low cost iron ore pits have been mothballed like the one ZIOC hold and even Glencore who own part of the ZIOC field left it alone when it hit $90 a ton. As we all know it plays in cycles however it could be years before we hit $100 a ton+

the Iron ore price is currently underwater though royoboy, a few years back London mining also in SL was getting it out for around $68 a ton before they went bust in the downturn with larger resources than sula has and better grades. Shandong pulled the plug on African minerals next door by becoming their biggest creditor and demanding all the cash upfront. Shandong is the only possible buyer here and they have 30-40 years of ore but they running out of DSO around 2019 which is why they spending $750m on building a processing plant. Sure they could buy Sula's DSO and ore but I think that passed when IR was at $90 per ton.

the other forward sellers the new investors are sinking in just over half of the cash expected in per month so they saved approx.�250k on their �500k placing "investment" and I feel this is why RM and co aren't taking cash out because if SP stays the same they have �650k instead of �900k, if SP keeps falling they have less. These new geologists they are bringing in I bet they're m8s of theirs too and I bet they also get paid in shares for their services. I don't buy what RM says sure they will interpret the data and may even spout out a partial JORC for Sanama by end of year which could lift the SP temporarily However, I bet they still go to drill next year because it provides their driller m8 and iain macpherson cash and I cannot see a JV partner coming in because Sula in effect already has one (the driller/iain macpherson). Some tough questions need to be asked here otherwise Sula is going to end up with 10 billion shares+ in a years time.

I'm not sure many people are fooled at all kimura....why the delay on the issuance of drilling shares?, SP is down around 30% since latest results giving their drilling mates a shedload extra shares. I'm sure they can afford not to take anything at all Sula has made them a lot richer forward selling this down from 0.6 all IMHO.

is the news for the partial JORC on Samara this month? or has anything changed?

rev, hope ur good.........chartwise, it don't look that bad RSI is at 37 and rising, CCI although negative is bouncing between -100 and -80 (was -390s last month), MACd although negative is rising (but oscillating between (-0.03 and -0.01 and currently repeating that pattern). even though this is a day behind I also find this handy too https://www.barchart.com/stocks/quotes/SULA.LS/cheat-sheet

cherryburn are they independents or known m8s and related parties to extract value just like their drilling buddy.

id like to know why are artisanal miners allowed to pan for gold on the licence area for the past however long why are sula still running a school when they have no revenue what happens to the samples of gold do they sell it or does it magically disappear into the local economy why was RM pumping when his drilling partners were dumping why are they now bringing in outsiders for the geology which from past experience they are obviously mates to suck more Sula cash or shares out, just basic questions

to be as fair to them as I can they did have to deal with the Ebola crisis and a crash in the iron ore price which took down both London Mining and African Minerals in SL, the fact Sula is still trading is a small miracle in itself. The fact that the iron ore isn't enough to self mine constituted an issue, management cant be blamed for that, they just don't have the iron ore resource for an independent mine......management failure for me from Nick Warrell was instigating a we have Coltan resource which suddenly went quiet and a lack of action when the Ebola crisis turned round to drill for gold, but again to be fair when the crisis was over the SP here was already into the floor. RM's failure was not offloading the iron ore to Shandong when they had the chance earlier this year and I feel the market has written off the iron ore resource. Other failures were paying driller half in shares which sounded great at the time but not when they have been forward selling their shares to gain more shares and more cash in the process. You were right about Shandong not needing the ore for 30-40 years but the DSO Sula have would have IMHO assisted both companies and Shandong spending $750m on an ore processing plant for when they run out of DSO buying the Sula DSO and iron ore resource would have been peanuts to them. I agree Woods should go if he cant understand the geology as a geologist what is he doing there. NW will never go because he is the local chief and his political connections do help.

its obvious that the driller has been forward selling before getting their drilling shares to knock the crap out of the SP and they get extra shares for doing it. Then come these new "investors" who add to that forward sell to drive the SP further down by selling �30offk a month in shares. Thankfully the forward selling by the driller will stop in the next week.

lots of sells masked as buys and a 20m sale at 0.09.......I only have google so just see 20m so no idea if this is split or just 1 trade

they have a local SL chief Nick Warrell on the BOD cherryburn so doubtful......RM looks like a rabbit caught in the headlights in his recent interviews. He should be decisive because the only strategic option they have would be to continue to drill out TZ4 and anymore required on Sanama and hope for a lift in the SP.

till 2019 but they have an option to add 2 years to their exploration licence. with regard to wages in shares I look forward to updated holding positions as in I don't believe they will keep the shares they get they can just offload in the market for cash.....its cash which is tight not share issuance.

Shandong pulled the plug on African minerals their own partner to get 100% of tonkolili next door so not to be trusted as any partner lol

yes they have 40 years ore supply but the direct shipping ore Shandong have runs out around 2019 and SULAs DSO may have come in handy for Shandong to delay their $750m ore processing plant in what are choppy waters for IO prices. I think they too late to do any deal.