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.
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.
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..
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.
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
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