Australian (ASX) Stock Market Forum

BMB - Balamara Resources

Re: SSC - Sultan Corporation

Got in on this one at .011, so up 9% in a week. I see they should have a working mine next year, with a quick pay back period of about 10 months. Anyone else have any thoughts on this one?
Thanks
 
Re: SSC - Sultan Corporation

Up 14% on Friday on greatly increased volume over the last few weeks.
No news out, not sure of the reason why.
Hopefully about to run!!
 
Re: SSC - Sultan Corporation

Sultan is currently in trading halt pending announcement by Tuesday 19th January.
Most likely will be to do with the Mining approval submitted late November and by the looks of the trading over the last week, should be a fairly positive announcement.
 

Attachments

  • SSC.JPG
    SSC.JPG
    34.3 KB · Views: 72
Re: SSC - Sultan Corporation

Sultan is currently in trading halt pending announcement by Tuesday 19th January.
Most likely will be to do with the Mining approval submitted late November and by the looks of the trading over the last week, should be a fairly positive announcement.

Announcement was instead on Sultan being given the exclusive rights to negotiate purchase of the Brskovo Lead and Zinc Mine in Montenegro.

http://www.asx.com.au/asxpdf/20100119/pdf/31n7646phhmg1z.pdf

Still awaiting a announcement on Peelwood formal mining approval, which is now overdue according to initial information.
 
Re: SSC - Sultan Corporation

Share prices have jumped 60% (from 0.01 to 0.16) in the last 2 days. There has also been a big increase in trading volume .....and no announcements.

Am I missing something here?
 
Re: SSC - Sultan Corporation

Have seen 'SSC' - Sultan Corp, is at .005, 52 week low. Excellent buying, MD is looking at good results from minerals consultants reviews. And I bought @ 0.04 and is up to 0..05 so 25% in one day and expect it to be just under 1c in 2 weeks with asx annoucements and strong buys.
 
Re: SSC - Sultan Corporation

Have seen 'SSC' - Sultan Corp, is at .005, 52 week low. Excellent buying, MD is looking at good results from minerals consultants reviews. And I bought @ 0.04 and is up to 0..05 so 25% in one day and expect it to be just under 1c in 2 weeks with asx annoucements and strong buys.

TJK,

Welcome to ASF

Please note that ASF is about analysis and discussion. Please provide reasons as to why you think it is a good buy and why you think that it will be over 1c soon?

Please also read the site guidelines for suggestions as to how to acheive this.

Thanks
 
Re: SSC - Sultan Corporation

this thread seems a bit neglected... but has anyone else been watching ssc?
its been looking very promising since their latest announcement on peelwood, based on the recent volume id be expecting some sort of share price movement during next week... perhaps an annoucement before the end of the month could see this one pass 2cents...
my :2twocents ;p

current sp sitting pretty at 1.3cents
anyways.. would be nice to see what others think...
 
Re: SSC - Sultan Corporation

nobody else on ssc??,,, ill just have to talk to myself then
lots of nice healthy buying at .015,,
03:56:51 PM 0.015 50,000
03:55:45 PM 0.014 200,000
03:43:18 PM 0.015 412,247
03:43:18 PM 0.015 87,753
03:35:47 PM 0.015 200,000
03:34:12 PM 0.015 212,247
03:34:12 PM 0.015 500,000
03:34:12 PM 0.015 69,703
03:34:11 PM 0.015 218,050
03:18:46 PM 0.015 50,297

it was up about 15% today on no news... once we get more news on peelwood id be expecting the sp to at least hit 1.7-2 cents...
nice resistance at 1.3cents...
im just new to this tech analysis stuff... but from what i can see,,, it looks good..
although the sp at the moment seems to be under the unfluence of pump and dump..an annoucement in the coming weeks should fix that though :)

cheers all.
 
Re: SSC - Sultan Corporation

New here, thanks to a google search of SSC.

Have been following them the past week, and a few other companies all exploring copper related projects (intrigued by Newmont/Alkane Resources' reported 60 tonne copper resource 50km to the North). Noted Horseshoe metal's spectacular 150% gain late last week on news of hitting copper, so eagerly awaiting results of SSC's drilling!
 
Re: SSC - Sultan Corporation

SSC has come up on my radar today... Also looks like its come up on some other peoples radar.. took a parcel at 1.4 .. some overdue results are out very soon which hopefully are good.. other sites there is alot of talk of a new project also .. not sure what this is but hopefully something that makes it fly (coking coal, potash, rare earth would be good at the moment) ..
 
Re: SSC - Sultan Corporation

looks like I got pretty lucky on this one.. fingers crossed it keeps moving upwards ..
 
Re: SSC - Sultan Corporation

From todays announcement ..

Some elevated Au zones associated with high potassic radiometric responses, probably also indicative of alteration;

This could be a hint of potash news coming up.. very popular at the moment..
Wait and see.. wouldnt be surprised to see some profit taking though considering everyone will be up 30% from friday
 
Re: SSC - Sultan Corporation

Down today along with everything else in the market.. considering the big jump the other day and retrace and todays low volume selling I have decided to further increase my holding to 2million shares at 1.4c .. hoping for a rebound across the markets tomorrow..
 
Re: SSC - Sultan Corporation

Down today along with everything else in the market.. considering the big jump the other day and retrace and todays low volume selling I have decided to further increase my holding to 2million shares at 1.4c .. hoping for a rebound across the markets tomorrow..

looks like the rebound came late yesterday afternoon.. this could be a potential break out this morning if it can punch through 1.8c ..
 
Re: SSC - Sultan Corporation

Guess this is now a breakout at 2.2c ... For anyone who trades the breakouts

Looks like it could keep going further to mid 2c at least.. Lots of talk on other sites of a results due soon and rumours of a new project.. If they drop a announcement could send it off the chart.. Will wait and see what happens as somethings up for this sort of run up..
 
Re: SSC - Sultan Corporation

Gary Stone from Share Wealth Systems compared SSC to SSN on YMYC on Wednesday night last week (from memory). His thesis was that SSC was shaping up the same way as SSN did on the way to SSN climbing up to 12c/share from 2.7c/share (or whatever it was). For those that don't watch/listen to Your Money Your Call, Gary Stone is a chartist, so he has little idea about what SSC does.

Looks to me like a breakout to almost 2.4c/share on rising volume. Seems to be a bullish sign for price action next week. Please note that I do not own this company's shares, so DYOR.
 
Re: SSC - Sultan Corporation

Gary Stone from Share Wealth Systems compared SSC to SSN on YMYC on Wednesday night last week (from memory). His thesis was that SSC was shaping up the same way as SSN did on the way to SSN climbing up to 12c/share from 2.7c/share (or whatever it was). For those that don't watch/listen to Your Money Your Call, Gary Stone is a chartist, so he has little idea about what SSC does.

Looks to me like a breakout to almost 2.4c/share on rising volume. Seems to be a bullish sign for price action next week. Please note that I do not own this company's shares, so DYOR.

i heard that he had been talking about it.. action to date has been fast and rapid.. I wonder what amount can be contributed to people who watch this show.. it is not hard if someone picks one winner from 2c to 12c to have a big number of people jump on there next pick..

I am hoping it runs that hard too as I am currently holding.. Another 10minutes and we will see where its going today ..
 
Re: SSC - Sultan Corporation

Appointment of director today being

Michael Ralston, Mike, ACMA London, B.Comm U.C.T has been the Chief Financial Officer of Kangaroo Resources Limited since October 2009. Mr. Ralston has been Chief Financial Officer of View Resources Ltd., since February 3, 2006. Mr. Ralston has been Company Secretary of View Resources Ltd., since April 18, 2006. His focus within View Resources is to provide financial and strategic management across it and assist in driving the business towards development and expansion. ...


The Sultan Board is pleased to announce the appointment of Mr. Mike Ralston, as an Independent Non-Executive Director of the Company.
Mr. Ralston is a qualified Chartered Management Accountant with 15 years experience in various senior executive management roles in the UK, Africa and Australia, primarily focused on finance. He has worked within the Australian Mining sector for the past seven years as both CFO and Director for several listed resource companies, mainly in the gold, base metals and coal sectors. He has significant corporate, commercial and management experience and most recently has been one of the key executive managers driving Kangaroo Resources Limited through its emergence as the next significant coal producer in Indonesia.
Mr. Derek Lenartowicz, the Managing Director of Sultan said, ?The Board is very pleased to welcome Mr. Mike Ralston as an Independent Non-Executive Director of the Company. Mr. Ralston?s extensive finance industry experience, especially within the mining sector, will add depth and substance to our management team?.
Additionally Sultan Corporation Limited wishes to advise that Mr. Jimmy Lee, an Independent Non-Executive Director of the Company, has resigned from the Board effective today. Mr. Lee leaves the Company to pursue other interests and the Board of Sultan wishes Mr. Lee every success in his future endeavors, and thanks him for his contribution the Company during the term of his tenure
 
Re: SSC - Sultan Corporation

Appointment of director today being

Michael Ralston, Mike, ACMA London, B.Comm U.C.T has been the Chief Financial Officer of Kangaroo Resources Limited since October 2009. Mr. Ralston has been Chief Financial Officer of View Resources Ltd., since February 3, 2006. Mr. Ralston has been Company Secretary of View Resources Ltd., since April 18, 2006. His focus within View Resources is to provide financial and strategic management across it and assist in driving the business towards development and expansion. ...


The Sultan Board is pleased to announce the appointment of Mr. Mike Ralston, as an Independent Non-Executive Director of the Company.
Mr. Ralston is a qualified Chartered Management Accountant with 15 years experience in various senior executive management roles in the UK, Africa and Australia, primarily focused on finance. He has worked within the Australian Mining sector for the past seven years as both CFO and Director for several listed resource companies, mainly in the gold, base metals and coal sectors. He has significant corporate, commercial and management experience and most recently has been one of the key executive managers driving Kangaroo Resources Limited through its emergence as the next significant coal producer in Indonesia.
Mr. Derek Lenartowicz, the Managing Director of Sultan said, ?The Board is very pleased to welcome Mr. Mike Ralston as an Independent Non-Executive Director of the Company. Mr. Ralston?s extensive finance industry experience, especially within the mining sector, will add depth and substance to our management team?.
Additionally Sultan Corporation Limited wishes to advise that Mr. Jimmy Lee, an Independent Non-Executive Director of the Company, has resigned from the Board effective today. Mr. Lee leaves the Company to pursue other interests and the Board of Sultan wishes Mr. Lee every success in his future endeavors, and thanks him for his contribution the Company during the term of his tenure

I can't see any great reasones why this stock is moving except that there is strong volume and it has been named on TV and replaced an XO. Any idea? I also see that the cash they have is running out and they may have to do a raising soon. I query what SSC actually are doing and can't find any info on their upcoming production forecasts and development costs. Anyone have any info out there - I see early in the thread Hang Seng was involved, as were quite a few others, don't know if anyone has the time, but a few different opinions always helps to paint a picture in good light.
 
Top