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And now for Sula - why am I tipping it as a potential ten bagger: Andrew Monk

By Tom Winnifrith | Thursday 5 January 2017

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Andrew Monk of VSA Resources was today explaining in his private daily email why Sula Iron & Gold (SULA) was his second nap share tip of the year. Now bear in mind VSA acts for Sula but Monk is a principled sort of fellow and if he says he believes in something he really does.  As such it is over to the Monkey who writes:

Well it's fairly simple and you have heard it all before‎ but if you get a gold explorer right or for that matter any explorer the returns are huge. I do think the geology in Sierra Leone is good, I think the new management are very good, the new shareholders who have just funded it are the exact opposite of Mr and Mrs Flipper and will probably never sell, so if the results start coming through over the next year as I expect, this stock will rocket as if it becomes a 3mn ounce resource.

Take my word a bid will be on the table and the point is the stock has been totally hammered as it had had only keep the lights on money and punters as shareholders - all change!!!

This stock can go back to where it was and 2.5p is my target and so a 10 bagger from 0.22p

For what it is worth I agree with the Monkey.

Andrew's first share tip of the year came out yesterday and is HERE

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