We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sable Mining | SBLM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.202 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.202 |
| Top Posts |
|---|
Posted at 17/10/2018 10:06 by knicol46 something happening finally |
Posted at 04/11/2017 23:28 by festario Ive reported this debacle and the Investor Relations contact to the FCA. I had no alternative. |
Posted at 24/10/2017 20:21 by festario It has been an entire year since the CGH website was created, and never updated.The so called 'Investor Relations' contact will not respond to my questions. |
Posted at 25/5/2016 15:50 by festario Nah, I've heard it all before, and these companies simply exist to serve the directors for a few years, and rip off investors.I'm sure there'll be a pump and dump at some stage, I just need to get out at that point. (hopefully). Been holding these far too long. |
Posted at 09/5/2016 08:23 by nick rubens Yes, I fear another AIM tears job here for Investors.Might be ok for a poker style trade if one is lucky. But most will be unlucky. SNRP used to be one of my holdings, It had resourses at 10 times what was forecast on flotation and yet long term shareholders got only losses. |
Posted at 15/10/2015 15:38 by nash81 from lseSBLM has coal and iron ore: - iron ore reserves around 200mt and DSO too (ie at surface, hence cheaper cost) - this reserves is larger, for example, than BEM (BEM around 150m) and yet BEM mcap around 18m while SBLM only 7m - SBLM was 100m mcap when the reserves were half the current size and iron ore price was 3 times higher in 2013 (around $140). so, with iron ore price now only 1/3 (ie $50), hence 100m/3 = 30m mcap, ie expected similar comparison indicated that SBLM should be around 30m mcap - and this 30m mcap direct extrapolation was based on much lower reserves and less progress. we now already have mining licence and production licence. and about to go production next year. - BFS is expected by end of 2015 and more Nimba iron progress report expected soon too. Coal - in sept we signed agreement for 600-megawat coal power station with zimbabwe govn. KIBO also have similar agreement with another african countries and its mcap now around 20m - more updates are expected soon too. note: - SBLM has strong support from african govn and have around 50% of shares owned by directors/ex-directo - i only made simple comparison with BEM /KIBO as an example only. judging from these two assets, SBLM should be imho around 30m at least. at the moment mcap for SBLM only 7m. lots of upside potential imho dyor |
Posted at 23/9/2015 11:24 by tomboyb Pros and Cons of the MOU - Should I sayMining minnow Sable Mining Africa (LSE: SBLM) is charging higher today after the company announced that it had signed a memorandum of understanding with CITIC Construction Co., Ltd, with a view to developing a 600MW coal-fired power plant. At time of writing, Sable’s shares have jumped 80% on the day, and it’s easy to see why, the signing of this deal is a landmark agreement for the company. Under the terms of the memorandum, Sable and CITIC will explore the opportunities of using their respective expertise to work together to develop a commercial coal-fired power station at the Lubu Coal Project. The 19,236 hectare Lubu project is owned by Sable and is located in north-western Zimbabwe. The project has a modelled in-situ seam tonnage of 786m tonnes. Sable’s management intends to use coal mined at Lubu to supply the power station when it’s constructed, as part of the group’s plan to unlock value from its south African coal assets. The memorandum of understanding is supported by the Republic of Zimbabwe and the Ministry of Energy and Power Development. When completed, Sable’s management believes that the coal-fired plant can supply not just the domestic market, but also the regional market, which includes South Africa. A long way to go There’s no denying that today’s news is game-changing for Sable Mining. However, like all early-stage miners, Sable is still a high-risk investment. The company still has a long way to go before it can be considered to be suitable for all investors. Indeed, for the year ended 31 March 2015, Sable didn’t generate any revenue and an operating loss of $12.6m was reported for the full-year. Cash and cash equivalents amounted to $6.3m, so it’s clear that the company’s options are limited. Still, at the end of August Sable raised $2m via the sale of non-core assets. As part of this deal, the company was able to negotiate the repayment of $18.6m in debt attached to one of its projects, on a priority quasi-royalty basis from the project’s operations. So, Sable has been able to agree several income generating deals within the past few months, which should buy the company some time. Nevertheless, over the long term it’s difficult to tell what the future holds for Sable. The company has spent years acquiring a portfolio of potentially world class iron ore assets, but the iron ore market is in turmoil. After years of ramping up supply to meet demand from China, the market is now oversupplied and Chinese demand is falling. As a result, iron ore prices are expected to remain flat over the next two years and it’s unlikely that banks will want to provide the financing for new iron ore mines with such a dismal outlook for the sector. The bottom line Overall, it's difficult to place a value on Sable's shares at present. Although the company has plenty of potential, it's almost impossible to value the shares with so many risks ahead. If you're looking for a company with a more predictable outlook, The Motley Fool's top analysts have recently identified a company that they consider to be one of the market's "top small caps". |
Posted at 22/9/2015 12:06 by festario I agree, traders out, investors in! |
Posted at 31/8/2015 13:18 by polygram Arcelormittal will be one potential investor they are having discussions with.Looks ripe for a takeover with this very low market cap with the coal project now bringing added value. Worth a punt. |
Posted at 25/1/2015 14:47 by jumbone 123TRV:Wake up and smell the coffee Andrew Groves had never wanted to develop this company to mine... but to sell it off for a hefty profit. Which is what he said nearly 5 years ago So the BOD's intention is crystal clear Read about it and and try and buy some shares on Monday, at whatever the price... You will do yourself some good. November 12, 2010 10:52 pm Groves mines ground where others fear to tread By Christopher Thompson “To go where others fear to tread” is one of those brave-sounding aphorisms often quoted by business leaders but seldom followed, even in the testosterone-fuelled natural resources sector. For Andrew Groves it functions as a shorthand description of his career in civil war-scarred Africa, from Sudan to Mozambique via the Democratic Republic of Congo. “The problem is that you can’t go mine iron ore or cobalt in Hyde Park. Most of these minerals the world wants are in unpalatable places,” says Mr Groves with characteristic forthrightness. According to Cailey Barker, a mining analyst at Numis Securities, the “Groves business model” relies upon its patron’s sprawling network of African contacts and his reputation as a consummate dealmaker. “His basic premise is to get companies that are cash shells, get an asset in there, get in new management and then look for an exit. For investors, much of it is basically a punt on Andrew Groves,” Mr Barker says. The latest punt – Aim-traded Sable Mining – is Mr Groves’ third mining company. It was formed out of Bioenergy Africa, which floated on Aim in September 2008 – essentially an ethanol project in Mozambique that fizzled out in the market crash. Out of luck in Maputo, Mozambique’s dilapidated capital, Mr Groves called up Phil Edmonds, his long-time business partner and former England cricketer. “We did this company specifically with a focus on Asian demand, particularly China and India,” says Mr Groves, who is chief executive of Sable Mining, while Mr Edmonds is chairman. “We’re only interested in coal and iron ore, bulk commodities that are easier to mine and need no chemical input like copper. Deposits have to be close to existing infrastructure – then we just mine it, wash it and sell it.” Sable’s shares have risen 238 per cent since the group was rebranded in November 2009. It’s a familiar tale of early success. In 2006, the Groves-Edmonds team raised £12m on Aim for White Nile, an oil explorer in southern Sudan. The same year, in spite of not having any reserves, the market capitalisation of the company grew to £576m and White Nile became a symbol of the boom in speculative resources groups. At the end of 2008, after failing to find oil and with the shares languishing at about 3p (compared with a high of 181p), Mr Groves renamed the company Agriterra and switched to farming in Africa. The failure of White Nile has not appeared to dent Mr Groves’ ability to woo investors. In April, a month after registering a pre-tax loss of $61.7m (£38m) for 2009, Sable raised $125m to fund coal and iron ore projects across Africa. Its big project is the Lubu coal concession in Zimbabwe, a country whose mineral assets are long-fabled but whose political environment deters all but the most hardened investors. “Zimbabwe is known to have big deposits and everyone wants to get hold of them. You have to overlook the political issues: the Indians and the Chinese don’t give a monkey’s about it – they’re ready to move in,” says Mr Groves, who was born in the country’s eastern highlands. It is not the first time Mr Groves’ Zimbabwe contacts have come in useful. His previous mining venture, Camec, acquired its showpiece copper mine in partnership with Billy Rautenbach, another white Zimbabwean businessman then wanted on fraud charges in South Africa. Camec was sold last year to ENRC, the London-listed Kazakh mining group, for £584m, netting Mr Groves at least £7m. But two years earlier it had faced appropriation of its assets by the DRC government for contractual irregularities and Mr Groves says he has “no plans” to return to the country. He intends to concentrate on Sable’s existing assets and build up their reserves, with an eye on selling the company. “By the end of 2011 I’m aiming for the company to have a $1bn market cap with no extra shares issued. Then we’re open to being seduced,” he says. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
