UK 22:14 Tuesday, 27 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As iron ore struggles to find friends following a 50% price slump to less than $70 a tonne, amid the collapse of London Mining and the finance crunch at African Minerals, and gold languishes unloved at $1,189.69c an ounce, Sula Iron Ore & Gold (SULA) is determinedly seeking to shift its focus and how it is perceived. Based in London and quoted on AIM, the West Africa-concentrated company, whose primary asset is the Ferensola project in northern Sierra Leone, a state in the front-line for ebola, has raised nearly £1.2 million to explore and develop what it regards as promising prospects there for niobium and tantalum.
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Comments
Jonathan
All good commentary, however I think you over-discount the value that two Iron Ore JORCs should grant SULA, even in the depressed climate for IO, before Gold/Coltan are established.