always love and commend people taht are constantly scouring the...

always love and commend people taht are constantly scouring the net looking for info and researching stocks instead of just bludgening a company because they are irrate at the shareprice due to lack of info and so forth-

as previously announced, the company has obviously not been mentioning in previous correspondence anything regarding their togo tender because their hands have been tied in regards to disclosure as they have been waiting impatiently im sure ( remembering that the directors not that long ago bought shares at a premium to todays prices and are also feeling the pain in the current shareprice of late) as much as we have from togo officials regarding their tender status. At least we now have some indication that we have not been unanimously turned down to explout the togo phosphate carbonates and furthermore know from this link that a new tender process will go forward into the new year with a more transparent and compliant nature with the world bank and the IMF overseeing the tendering process.

It's some reassurance that we are still in the running once we submit a new tender , and its a welcome note that might see more people jump back onboard the ssc train - those that abondoned ship once reports were out on african intelligence that we had lost the tender for the phosphate deposit in africa. Dont get me wrong in anyway posters, as I am not warranting another pump into the low 4cnts like the last time this sort of information was doing the rounds, but at least this time around we will hopefully know that everything is above board and we are enetering this tender round with more spades up our sleeves with Bogdon and other European assets to come online in the near term- not to mention the drilling results for gold in NSW which we are eagerly awaiting to come back from lab officials-

This company sure does have a heck of a lot of shares on issue which is frightening for some but when you look at how far the directors of this company has come, they must be commended for at least going about their business in the past few months by acquiring Bodgon, drilling NSW and doing roadshows in europe and doing due dilligence on Eastern European projects to add to their suite of already promising projects in the treasure chest-

Yes they continually get bagged for a seamlessly lack of urgency to get things into production thus bringing in revenue which would fund further growth thus reducing the need for more capital raising thus reducing furher dilution- but in the financial markets we are currently in not to mention the end of year stalemate which occurs at this time of year with many of the major stockbroking houses going on xmas/new year breaks , the directors of sultan corporation seem to be playing their cards very close to their chest in a very positive way showing that they are indeed firing on all cylinders to get this small cap junior into the vicinity of the $500million market cap they have alluded to in previous asx announcements-

They know as well as we do that it wont happen in 12 mnths-especially when we are currently siting on a market cap of $21 million - thats just shy of a 2400% uplift if my numbers are correct at the top of my head - assume they reach this in 5 years for arguments sake- thats equates to an annual rate of 480% per annum over a 5 year period - ( homework - find me an interest bearing account that offers that find of returns- not possible plain and simple)

Even though we may not be very praising of the current shareprice hitting the low 1cnts+some may take cheap shots at it being the prime example of the directors not giving enough to their shareholders- for my monies worth step back and take a look at the bigger picture. As cliche as this may sound, as the old saying goes " they didnt build rome in a day couldn't be more relevnt to this small junior looking to hit the big stage in a big way - Things certainly seems to be unravelling a little more in little ways- For example having a vote on allowing the company to conduct a capital raising for some $20 million should the need be required- Wouldn't be surprised one little bit if this vote was added in due to strengthening their new tender which they knew would be evident from the last round of tenders which come under great scrutiny for non disclosure and transperancy. Additionally I wouldn't be at all surprised if SSC's Teir I financial backers and investors made sure that they got shareholder approval for this to add more weight as to why SSC would be the ideal choice to exploit the Phosphate carbonates in Togo -

There isnt much joy when looking at your portfolio in a big loss ( and being red doesn't do much for the psychology either) but with the hard work being conducted by this company and the contingency plans they are implementing moving forward, I would be sure to say that this time round our tender for togo would be SO MUCH MORE favourable to the togo governemnt, the International Monetary Fund and the World Bank knowing that SSC have already gained shareholder approval for a capital raising to the tune of some $20 million to pay for developing the togo phosphate mines should our tender be successful -

Call it how you may, but this time round SSC are in a much more favourable and commanding position to win the tender process with the assurance that they have the backing of their shareholders to obtain necessary funding to develop the phosphate mines on a favourable decision- wouldnt be surprised at all if one of the major concerns regarding our previous tender woud have been where the funds would have come from if they were deemed to be successful- its all fine to say yes we will allow you to develop our phosphate mines, but you also need the financial backing and a firm letter of intent stating that the necessary funds will come. Having the backing of shareholders to conduct a capital raising will surely meet both the IMF + World Bank concerns if indeed they had them previously - Sidenote: before anyone starts questioning whether or not we would be able to raise capital to the tune of $20 million without a major shortfall- I find it highly likely that infact a scale back would have to implemented if the capital raising for such a large amount is conducted upon confirmation of our tender being accepted and SSC are named as the tender winner-

Anywho thats my 2 cnts worth but rest assured that Mike and the Directors have our best interests at heart here and they couldn't be closer to the truth with their previous claims that they have put forward their best tender and that it lies in the hands of those making the decision of the winning tender. These guys have been travelling back and forth from Arica for years doing their homework and trying their butts off to get a project like this under their belt, and im sure they will not let all that hard work come undone without a hard fight. When they previously said that they were confident that they had put their best tender possible forward and now they just had to wait , im sure it was at the time of writing that statement - but now with shareholder approval for a sizeable capital raising should we be successful for working capital- we are miles ahead of where we were when we flew to 4.2 cnts on air- Not to mention that Bogdan and other eastern european projects shows that we are not a one trick pony like we were last time when reports were out that we were unsuccessful on our last togo tender -

Sorry for the lengthy post, but its my 1 cnt worth and upon further confirmation from the company itself that a new tender has been submitted, I will be most certainly adding to my holding and eagerly awaiting what bargain projects we have acquired in the Balkan region- not to mention that reading between the lines, I want to know what additional ground we pick up around the Bogdan project as I haven't heard many posters bring this up in the past. In reports from the company they have made their intentions quite clear that they are eagerly looking to acquire more acerage around the Bogdan project as they are not happy with just holding Bogdan in their suite of assets.They made it very very clear in their sep2011 quartely that they wil be acquiring further ground around KGHM due to its location near significant operating mines along with extensive infrastucture in close proximity. Would be very very keen to see what other projects/land are available in close proximity to our already acquired Bogdan project and furthermore would be most excited to know if any more drilling has been conducted in the area surrounding Bogdan which isnt already owned by KGHM -

What i love about this project is that unlike peelwood and monty, its not a project which we necessary need to get to production in order to start getting revenues for us- you can bet your bottom dollar that should SSC be able to prove up a sizeable JORC for this project, KGHM would be very interested in acquiring the project from us with great synergies for them with their extensive operations already in close proximity.

Exciting lead into 2012

For illustrative purposes some back of envelope figures -

@ 1.1 cnt - Market Cap - $ 21.01m
@ 1.5 cnt - Market Cap - $ 28.60m
@ 2.0 cnt - Market Cap - $ 38.20m
@ 2.5 cnt - Market Cap - $ 47.75m
@ 3.0 cnt - Market Cap - $ 57.30m

and to get to illusive $500m market cap alluded to by the board of SSC- shareprice would have to reach 0.2617c/share not taking into account any capital raising which is somewhat inevitable for working capital on a successful tender decision- either way just some number crunching leading into the weekend before christmas 2011 - stay safe and drive safely during this holiday period- as safe a driver you may be, you cant control others driving so be vigilant an alert at all times on the roads this chrissy season and stay off your damnz mobile when driving- txt messages and phone calls can wait - its not just your life thats in your hands but your passengers and other motorists so act resposibly + dnt drink nd drive

merry xmas ssc faithful- keep the faith -