Ann: Placement , page-4

I think this is actually good news.

they could have easily did what many other companies do and issue a ridiculas amount of shares thus diluting the value. they claim they have signifcant interest from european investors this is what most companies would have done to raise cash.

they chose only to raise what they need, which tells me plans are in place and they need so and so amount of money, when the stock price is much higher then they will do a raising of stupid proportions.

funding of the peelwood mine gets a mention, again??

read between the lines, these guys are up to to something big. either that or they are just full of it. dereks recent return from europe tells me real work is being done.

i think it may be time to top up, 2011 is going to be an interesting year for sultan. IMO