UK 22:57 Tuesday, 27 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Buccaneering Frank Timis’s African Minerals (AMI) may have put its 12.8 billion-tonne flagship Tonkolili iron ore project in Sierra Leone on care and maintenance and had its shares suspended at a small fraction of their float price as the company pursues urgent negotiations about its financial future. But Sula Iron & Gold (SULA), with a somewhat more modest West African iron ore project next door to Tonkolili at Ferensola, is taking a determinedly upbeat view of its own prospects, in the wake of a 50% increase in Ferensola’s technical value in 12 months to $56 million (£37 million), accorded by ubiquitous consultancy group SRK.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
So CEO Nick whatsit recons they unlocked shareholder value in 2014 …………… well if they did it must have beaten the sprint mile record after exiting the cell door . There is no value . A bit of worthless iron ore and fantasy ( there might be some gold like Amara apparently ……yeah right ) gold mining . Its next door to that POS Africa minerals …………. for religious idols sake …………. could it get any worse.
Barge pole please ………. “what do you mean they have sold out “ okay , okay give me anything long and pokey ……… just keep it away from me .