Sable Mining Share Discussion Threads

[festario] 20/1/2021 19:59

Posting nice pictures of me Dean, I assume?

[tic douloureux] 20/1/2021 19:57

Yes but your wife is sh*gging a bloke from Chester Pete ..

[festario] 20/1/2021 19:45

It's just a stalker, a previously convicted one, called Dean Haigh.A sad little fella, life has been unkind to him, to be pitied really.His posts amuse me, and I filter each of his 500 or so fake usernames as soon as I realise it's him.

[marmar80] 20/1/2021 19:21

Tic, a lot of info about Fest for a person who created his profile yesterday :)

[festario] 20/1/2021 18:44

Can't remember, all I remember is, my 8m, at a tiny fraction of a penny wasn't worth much, and was a tiny portion of the shares in issue.CGH sits in my account, as a zero value, for years now, irritating the hell out of me, rubbing my nose in my loss.

[marmar80] 20/1/2021 16:30

Can you remember if Sable had 1.1billion shares when was delisted?

[festario] 20/1/2021 15:36

Hi guys.Thanks to Marmar for the heads up.Nope, I've not heard a thing. Ive got 8m of these, sitting dormant in my trading account....I wrote them off years ago.But this is a very welcome little reminder that they are not quite dead.

[davidlloyd] 20/1/2021 15:05

Just popped back in here- that was my conclusion too- so will be holding on to mine :-).

Am guessing ‘festario̵7; hasn’t heard anything given size of holding (9million or so from memory)..
DL

[andybgreen] 20/1/2021 14:57

If you’re right MarMar80 and I don’t doubt you are then I might as well hold on and see what happens.
Does smell of someone trying to obtain shares on the cheap!

[marmar80] 20/1/2021 14:50

This offer is close to 2.2m mcap of CGH. 4-5 times less than company valuation per my calcs.

[andybgreen] 20/1/2021 14:45

Worth keeping hold of I think.

[andybgreen] 20/1/2021 14:43

The Acquisition Consortium are prepared to offer 0.202 pence per CGH share which was the delisting price.
They are only targeting holders who have less than 3 million CGH shares.

[marmar80] 20/1/2021 14:41

What price do they offer?

[marmar80] 20/1/2021 14:39

I didn't get any letter, but note CGH owns 41% of Contango and this is about 10m GBP. Per my quick calculations it is about 1p in old Sable share value.

[andybgreen] 20/1/2021 14:37

Yes I have.
Seems like they’re after cheap CGH shares!
Contango Holdings Garalo gold project could be worth holding on for.

Can’t find anything on the ‘Acquisition Consortium’

[davidlloyd] 20/1/2021 12:24

Anyone else had a letter from AG suggesting 3rd party interested in CGH shares?
DL

[marmar80] 11/11/2020 07:17

I know man and hope one day this will wake up. The main Nimba Iron Ore Project in South-East Guinea($1.3 billion worth) seems to be still not sold and not developed further. There was a bribe case against Sable but they won it 2 yrs ago. Maybe they are looking for a buyer too?Fingers crossed.

[festario] 11/11/2020 00:14

Indeed Marmar!Good to hear from you again.So, Cotango have placed almost £6.5m worth of shares, in order to buy an asset that we own.No wonder the CGH company was never officially wound up, it had assets which we knew nothing about, at least I didn't.I have tried on several occasion to contact the representatives of CGH, but I've never had the courtesy of a reply.I stopped trying about 2 years ago...and they have never updated the website as they promised.

[marmar80] 10/11/2020 22:51

Festario, keep your shares. Maybe this will come good for you one day.

[marmar80] 10/11/2020 22:48

Wednesday, October 26, 2016Consolidated Growth Holdings Limited (Sable Mining Africa Limited)Industry: MiningMain business locations: AfricaRegistered Address:Romasco Place, Wickhams Cay 1,PO Box 3140, Road Town, Tortola,British Virgin IslandsIncorporation date: 27 April 2007Financial highlights:(30 September 2010)Total assets: $173,805,000Total equity: $171,774,000Cash and cash equivalents: $132,177,000Basic and diluted loss per share: $0.4 centsAbout the BVI company:Sable Mining Africa Limited, formerly known as BioEnergy Africa Limited, is a resource company whose main focus is mining assets in sub-Saharan Africa, primarily coal and iron ore. The company is investing in early stage exploration and development mining businesses or assets.Through its investments in South African coal mining company, Delta Mining Consolidated Ltd., the BVI company has interests in four major coal projects in South Africa and Botswana. Also, Sable Mining Africa Ltd. is the owner of 80% of Monaf Investments (Private) Ltd. which holds the Lubu Coal concession in Zimbabwe, of 61% interest in the Gulukwane iron ore porject in South Africa, as well as of 51% interest in the company holding iron ore reconnaissance licences in Liberia.In November 2010, the BVI company acquired Guinea Development Mineral Ressources SA. In July 2009, the company acquired a 20% interest in African Management Services Limited, the company providing accounting services.The company changed its name to Consolidated Growth Holdings Limited effective from 7 October 2016, and removed its listing from AIM market from 17 October 2016. The company also closed its website, and the new website will be opened at www.cgh-limited.com.

[marmar80] 10/11/2020 22:28

In this case CGH holds over GBP6m worth Contango shares

[marmar80] 10/11/2020 22:27

·    Contango will acquire the Lubu Coalfield from CGH for gross consideration of circa £6.45m through the issue of ordinary shares at a price of 5p, subject to certain conditions being met

[marmar80] 10/11/2020 22:26

Fest, there must be some value in the old Sable -CGH. See here from Contangohttps://markets.ft.com/data/announce/full?dockey=1323-14236024-3F2JMTS7PTQE6LCCTCLNUI5539