Member Info for Swanley

LOL! RNS due for fund raise to pay for Nick's leaving cakes tomorrow. Anyone for a scone?

This is a good thing for Sula, no more freeloading, so looking forward to the Geo analysis due soon and then hopefully a JV or farm out.

Lol @ Paulo Maldini! :D I think any of these larger companies operating in West Africa today could be contenders: https://www.moneyweb.co.za/news/industry/west-africa-continents-gold-mining-hub/ https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/africa-ghana-mali-burkina-faso-iamgold-roxgold-true-gold-randgold-perseus-askano/

My money's on someone bigger... Not Madini (or even Maldini as it's often incorrectly spelled!) Think of the larger gold producers operating in this area...

Well yeah I guess that's their prerogative as they did invest £400k into sula a year ago 😀 I suspect they wouldn't struggle to get a jv if the company saw their imminent structural analysis results and we're able to get sula 'on the cheap'... Have a look at some of the portfolio of gold projects owned by one of the large gold producers in Africa for example... Many prospects of several hundred ounces or less, very few multi million ounce prospects... Lots of scope here, but time will tell. The market likes this news.

What's the evidence that it's "set in stone" Matt? If it's a jv, then the company coming in will supply the driller at their cost. And if that happens to be eqd, who cares?! Objective here has to be to get the rest of the license area explored and all gold assets proven up and a jv would do that nicely. If people are holding for a mine, that's a lot of risk from today, if they're holding for a resource, that will be less risk (but still risky) with a jv.

Looks like there were some big orders to fill (coming in now) hence the price showing as sells. She's going up nicely this afternoon.

Hello mate, good to see you here, nice reaction to this news hopefully will land with a decent JV and take this through to completion. Lots to do and looking forward to seeing the analysis work and plans for 2018. Hope you're well.

Maybe.. Think bigger... Which large gold companies operate in this area...

Hello Steve, I guess you don't have the evidence that they're selling then. There's probably only a handful of people who know if the driller is selling, so unless you're the driller, then I think it cannot be said for certain one way or the other. I'm also interested to understand how you know for certain that they will have to raise more money in the new year when they're funded by Riverfort for a long while yet and the board's salaries are also zero. From what I understand, they're looking for strategic alternatives to raising money and diluting/drilling towards the end of this year going into next year. Good day today, 35m bought vs 8m sold (and not including NEX). Have faith :)

Hello Steve, how do you know the driller is selling? Do you have evidence?

As requested.Hiya Rev, chart/tech analysis as requested: Weekly http://www.screencast.com/t/BhDdHRAf Price action followed Elliott�s 5 wave impulse pattern perfectly from 0.1 up to 0.68 between Oct 2016 and May 2017. Price was knocked down ultimately by Weekly 100 EMA. Price did not follow Elliot�s ABC retracement pattern which should have settle around 0.25-0.4 if it was true to EW, so EW pattern was then broken. Now, price has found support at historical lows of 0.1/0.095. Indicators: Stochastic and RSI: oversold MACD: oversold but converging and histogram turning positive within about 3-4 weeks� time. Overall, moving averages are still in control and pointing down, but larger MA�s are closer to price than this time last year, so any significantly bullish movement and price could breakout permanently above them. Daily Indicators are similar to those for weekly i.e. weak but rising and should turn positive around the same time as the structural analysis is due. If price were to rise on significant news, and follow Elliott Wave again, then wave 1 would likely hit resistance at the weekly 100MA/50EMA at around 0.21-0.25. Wave 2 should get support from the weekly 100MA at about 0.21/0.22. Wave 3 should hit resistance from weekly 100EMA and daily 200MA around 0.38/0.4 level. Wave 4 would probably get support from weekly 20MA and wave 5 could hit resistance at the weekly 200MA or 0.8. I wouldn�t expect to see significant action like this unless there was significant news such as a JV or strategic partnership and the timing of something like that would determine the price resistance/support levels in an Elliott impulse wave scenario. There was mention of a potential cup and handle pattern. Price would have to come back up to c. 0.23 for this to be true which would also correlate with the Elliott Wave pattern for waves 1 and 2 above.

Yep, based on the current IO price, it wouldn't command a lot for Sula currently, so a better price will be gained for Sula once IO is higher.

Hah the Coltan was used for beer mats Rev!

Finally got around to writing this up from my meeting with Roger yesterday: Roger kindly agreed to meet me to discuss SULA yesterday afternoon. He gave an open and honest account of the situation and I took away from the discussion that management overall are still highly supportive of, and committed to SULA�s future and are showing this commitment in continuing to progress the work for at least the rest of this year and beyond without payment in salaries or shares during this period. They are currently working to deliver a structural interpretation of the gold endowment in Sanama, TZ4 and across the rest of the license area which should be published within the next month or so. After that there will be a period where the board will look at strategic options to advance the exploration and move toward the delivery of a gold resource. So not much new news, but confidence that the gold resource is being progressed and the mgmt team are still working hard to deliver a result here. Based on this, I continue to hold until the outcome of the above. Apologies Royoboy, I didn't get the selfie you wanted!

Lol! Hopefully will get some coltan samples. Guessing rns tomorrow on driller payment is causing this action this afternoon?

Ok, fair enough I s'pose! I'll get a selfie and post it here for evidence! :D

Lol, plenty to discuss on Sula ;)

Hahaha, at this rate, I'm taking him to a cafe or greasy spoon for a builder's tea... I don't know who stubby is/was?? Either way, I've only ever been Swanley :)

Afternoon Rev, keeping well thank you, hope all good with yer respective pecker n jib also! Faith still strong here, actually meeting RM in London tonight for a coffee and catch up. I want to ask a few key questions and will report back with what he shares. Will bosh out a chart over the next couple of days matey.