am i missing something

Am I???

Just bought 2 mill this morning, I researched the company, nothing particually worrying...just some impatience on the part of shareholders sometimes.

I like the fundermentals, once they begin to generate cash I cannot see how it can be anything but positive from here, especially with the GFC comming to an end.

Have I missed something, please enlighten me if I have..but I am dammed if I can see it.


17th September

Sultan Lists on Frankfurt Stock Exchange
The Board of Sultan Corporation Limited is pleased to announce that Sultan has been listed at the Frankfurt Stock Exchange.

1st Sept.

The Board of Sultan Corporation Limited wishes to advice that the Company has resumed work to secure the necessary approvals required to bring the Peelwood North Copper/Zinc project to production.
To date, approximately eighty percent (80%) of all approval processes have been successfully completed. There are just two major studies to be finalised, these being:
? Metallurgical Studies aimed at finding the optimum balance between metal recoveries and concentrate product quality; and
? Water Balance Study aimed at ensuring sufficient quantities of process water are available to meet the production requirements.

Sultan expects to complete these studies over the next 3 months.


19th July.

US $4 mil funding secured.


23rd June

OPEN CUT OPPORTUNITY AT BRSKOVO and VISNJICA
The Directors of Sultan Corporation recently announced the 100% acquisition of a 25 year exploration and mining lease over the Brskovo Lead and Zinc Complex (MB Project) in Montenegro.
Examination of available data indicates that the deposits of Brskovo and Visnjica have mineralised zones that are very close to the surface and ore that is relatively thick and continuous.
The near surface and continuous nature of the mineralised zones at Brskovo and Visnjica indicate that significant amounts of these deposits will very likely be mineable by simple, cost effective conventional open cut methods. The exploration target sizes at Brskovo and Visnjica are given below and expressed as a range of possible tonnages and grades.

They paid EU$ 120,000 I mean how cheap was that and 20 X our Australia holdings.

Cheers guys and thanks to whoever sold me thier shares...