Sula Iron & Gold posts broadly flat FY pretax loss
Shares in Sierra Leone-focused Sula Iron & Gold are down almost 7% after it posted a broadly flat full-year pretax loss in what was a period of significant developments for the company.
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Sula had re-focused on gold, introduced exploration activities that had helped improve its understanding of Ferensola's gold potential, made additions to the board and brought in new shareholders.
"As a board we are committed to maintaining this momentum into 2017 and beyond as we unlock the significant potential value we believe exists within Sula," said chief executive Roger Murphy.
Pre-tax loss was £1.78m, from a loss of £1.77m.
At 15:02 GMT, shares in AIM-quoted exploration company Sula were down 6.86% to 0.48p each.