Member Info for Swanley

Hello mate, all good thanks. Trust you're enjoying the summer. I think this is a good price to get in at regardless and you should enjoy plenty of upside from here. Looking forward to the results.

Dang. It's up and down like a tart's drawers at the moment!

So I don’t agree that this exploration is wasted and you have to risk finding nothing to get to something. That’s the nature of exploration! We will see further dilution (unless they can broker a deal for the Iron Ore with Shandong to give them some free cash flow) to complete the further work required to give maiden resources to any other areas outside of Sanama Hill. Don’t forget though that if Sanama Hill delivers a maiden resource this year, the market usually reacts quite well to that sort of news and this should increase the SP from where we are now. It’s a personal question on whether to average down which is yours alone to take. If you’re not confident in the company or management or resource, I’d suggest not risking any more. I averaged down in October and again a couple of months ago and would buy the same amount again now if I had more free cash. Based on technicals alone, I see that SULA has completed a 5 wave impulse and 3 wave retracement Elliott wave pattern and know that where there’s one, there’s usually 3 impulse (up) patterns. I can also see that the 50MA has crossed the 100MA at the weekly level which (believe it or not) means SULA’s officially in an upwards trend. I also see an Andrew’s Pitchfork channel now between the recent high of 0.65, the current low of 0.2 ish now and the previous low back in October. So technically it looks like we’re in a channel for a long term play (2018+) so long as the next results are good and we can get a maiden resource for Sanama. I stand by what I said which is that SULA’s future (and my investment) rides on the outcome of their forthcoming phase 3 assay results. Keep sharing your thoughts and we're all better as a result. Good luck to you and all other investors here.

Hello Kimura, No disrespect taken! Longer response though! I have also been here for almost 4 years, so I feel your pain! I am optimistic about this stock based on what I’m seeing and reading technically and fundamentally so I don’t agree with you in that this “situation merits no [optimism]” as I see plenty here that can merit optimism. In fact most points you make seem unfounded or overly negative to me – no disrespect meant! For example, you say that the results “most likely will be disappointing” but how do you know for sure? If you look at where they’re drilling, you’ll know (from being in this company for many years) that Sanama Hill is the most prospective area where they’ve found the most gold to-date. They have an exploration JORC and they’re infill drilling here now. So it’s most likely that these results will be consistent with what they’ve already found so far and may even extend the known mineralisation and valuation of this area. The more they drill here the more confidence they’ll get to define this resource and geological controls. I personally think it’s likely that TZ4 is more risky because they’ve only drilled it with 3 cores to-date and are taking more risk in exploring that (unknown) area. However, I remain optimistic that they will find more in that area based on all the information I’ve seen so far and knowing that the mineralisation found already should extend further. I did feel frustration in the previous set of results and was vocal about that, as a lot of people did – TZ2 was frustratingly void of any gold and no-one expected that from the IP survey. But I am still optimistic on the good results found in Sanama Hill and further in TZ4 and the 17 other targets identified based on their geological understanding. Don’t forget that a 3m oz resource should equate to about 3p share price once a maiden resource is established (not including the iron ore). It won’t be an easy path though and not all resources will come at once due to the isolated nature of these deposits. On your point of “why it took 2 years to take action”. It didn’t. It’s taken 9 months since Madini took over. Gold exploration is not a fast activity. It needs surveys, geo work, desk study, exploratory work, scout drilling, refinement, further drilling, etc, etc to eventually get to a resource. And all of that takes time and a lot of money that explorers don’t have. You will know that NW was after the Iron Ore initially, and switched to gold after the Iron Ore resource was defined. He did some scout drilling then ran out of cash and then the company went into hiatus until Madini took over last October (9 months ago). Since then, they’ve done a load of work, 2 further drill campaigns and this second campaign (phase 3) will translate to a maiden resource on Sanama Hill. So I don’t a

It'll always be "potential" until there is a resource - which Roger said he was aiming to deliver for Sanama by end of 2017. Not sure what is small about a potential of up to 3m oz gold from 2-3 target zones out of 19 identified.. Agree though that we need new numbers from forthcoming drill campaign assays to improve confidence and enable the resource to be determined for at least Sanama this year. Not sure it's stale at the moment though; we're just in the midst of a drill phase. Assays due in 2-3 weeks.

No worries buddy, all good here thanks, back in Blighty now and awaiting assay news. Hope all good with you too. Poised for next leg up here. Interesting interview: aiming for Maiden JORC on Sanama by end of year and anticipating 2 or 3 0.5 to 1m oz resources feeding a mill. i.e. he still thinks there's 3m oz here which is good to see.

https://www.youtube.com/watch?v=AYFbD_SpIoo

Cheers Rev - a good watch!

Comparing the core sample pictures previously taken from Sanama Hill with the 3 samples shown in today's RNS, there's the same distinctive mineralisation pattern in these samples (white quartz mixed with concentrated yellow for a few metres) which indicate continuation and extension in the gold at Sanama Hill to the West (to be confirmed through assay results obviously) from cores 25, 26 and 27. Roll on assay results!

http://www.proactiveinvestors.co.uk/companies/news/180103/sula-iron-gold-convinced-of-ferensola-potential-180103.html

Just read the last few rns for reasons behind phase 3 drill campaign and what they're trying to achieve from it.

HAHAHAHAHAHAHA thanks, that gave me a proper belly laugh!

Now then Rev, all is well thank you. Hope all good with you too. Stuck in India watching from afar, but feel that it's about to turn up here over next few weeks. Predict some good results from 5k drills. All technicals look good. RM has to deliver or it's his neck here I reckon. GLA!

Cool, thanks Gamekeeper, most appreciated. Yep nothing really new there!! Hope we continue to see appreciation in anticipation of drill results over the next few weeks.

All, Good to see some life in the old beast in the last few days. Can anyone open the research note from wh Ireland that was tweeted today? It downloads but then fails on opening for me.. also weird that it wasn't updated here in an rns?! Hope all are well here.

All, Good to see some life in the old beast in the last few days. Can anyone open the research note from wh Ireland that was tweeted today? It downloads but then fails on opening for me.. also weird that it wasn't updated here in an rns?! Hope all are well here.

I certainly don't expect results as stunning as those in the link as nice as that would be! I don't think Sula only now decided to drill further. Their plan as soon as they took this company in October was to raise funds, get a driller onboard, select targets, drill and assay, which they've been doing since the new crew took over. And all this work included further cores taken from TZ0 (Sanama Hill). Now they're infill drilling Sanama and extending TZ4 as well as continuing scout drilling on select Tect targets. So not sure how they're not confident from that?

These are the kinds of gold values we'd love to see in the next set of core results: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=GGP&ArticleCode=buhzocoq&ArticleHeadline=Update_on_Havieron_Project

Hello Kimura, Why not a PI? GoHeavy had more than that volume of shares, something like 40-50m if I remember correctly and back in Oct/Now last year there were a lot of large buys at c. 0.1-0.2p. If it was a big player, there would have to be an accompanying RNS for significant shareholder disposal. I do think RM needs to come and steady the ship a bit though, as it looks like he's burying his head in an artisanal hole at the moment! Interest should pick up again in anticipation of these forthcoming results. Have a good evening.

lol @ NW buying a Coltan processing plant! RM only holds circa 15m shares, and there would have to be an RNS for a significant shareholder disposal. Suspect just a large PI offloading.