SBR - Sabre Resources
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Garpal Gumnut
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Hi miner,
Myself and many other SBR followers maintain active discussion on both hotcopper and topstocks.
Jump across the road to have a read.
hope you did buy in..
its on a run atm.. with good news following good news..
echoes of cdu here... anyone hearing it?
All great news since I wrote in this forum about SBR. Great news today and surely many more to come.
Two additional factors for me to get interested on SBR:
- In recent past from memory SBR was recommended by David H at Eureka Report. My memory in computer age however could be wrong
- Agentm, CBrenden and GG have shown active interest who are astue operators suggest SBR has strong chance of stock market favourite.
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I usually treat spot analyses with a degree of caution but the grades and distribution of the samples here are pretty exciting. Piecing together the last few announcements they now have double digit copper, lead and zinc analyses scattered along a 2500m corridor. No mention of timing for drilling yet - a bit of patience required as they work through the geophys and surveying data. I've been watching for a while but today's announcement has got me off the side lines - too much potential to let this one go.
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Nice ann just before close today.
Should come close to ensuring full uptake of options, providing much needed funding to the company.
Going to be a very exciting next couple of months moving forward.
I read that announcement when it was published for a couple of times.
On the face of it lot of promises but no concrete time plan and all between the lines. You read, assume and move on. If your reading between the lines gets wrong then can not blame the directors.
It is a good scrip but the price has been going south. I have a nasty cynism here. Is this announcement to excite the option holders to exercise their right before 27 Jan and a bit of ramp up ?
Disclaimer : I am a current holder
Purple XS2
Yamaha 650 XS2
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... I have a nasty cynism here. Is this announcement to excite the option holders to exercise their right before 27 Jan and a bit of ramp up ?
Well, they got their $ out of me, though I actually posted the cheque to convert my options before the last announcement come out.
Bought the options a day before cessation of SBRO trading, at 0.035 (strike price 0.35), so it was a bit depressing seeing the stock slump to 0.36, but heartening to an improvement on the announcement to 0.40.
Holding nervously - the last announcement was certainly robust in tone, but as observers have noted, unspecific on where we go from here.
Cynicism on announcement timing is a ticklish one: I don't have an objection to a company making the most of timing in order to encourage option holders to cough up, just so long as the announcement's tone itself is justifiable.
Time will tell.
I read that announcement when it was published for a couple of times.
On the face of it lot of promises but no concrete time plan and all between the lines. You read, assume and move on. If your reading between the lines gets wrong then can not blame the directors.
It is a good scrip but the price has been going south. I have a nasty cynism here. Is this announcement to excite the option holders to exercise their right before 27 Jan and a bit of ramp up ?
Disclaimer : I am a current holder
I understand where the cynic in you is coming from, and i have no doubt this ann was timed perfectly and released purely to encourage full uptake of options.
But instead of looking at this in a negative light i look at it in a positive way. The current SP is hugely inflated based on current actual position, which means most of the SP is blue sky moving forward. If the directors have to remind everyone just how sunny and blue the sky is above Kaskara to ensure crucial funding than i see this as them doing there job. I'd be much more upset if no ann was released and the SP fell below 35 and 3/4 of the options went unfilled, when the directors had information available to them that could be released... even it is basically a shameless thinly veiled ramp.
As holders we obviously see great potential moving forward, and i think the directors are doing a great job so far in working in the best interests of the shareholders.
Your point you make about the SP going down is a fair one, but i see it more so as falling back to fair value, than a catastrophic fall from recent highs.
At 60 cents + SBR was ridiculously overvalued and unsustainable based only on surface samples, whereas i place fair value currently somewhere between 40-50 cents. The drop below 40 cents imo had more to do with general market sentiment than anything related to the company and i see the SP climbing back into the mid 40's sooner rather than later.
At the end of the day i had no problem exercising my 100k options and in 6 months time when the SP is in the $'s not cents those who saw the potential and took a punt will be laughing all the way to the bank.
Disclosure - Last night was a rather big one and i wouldn't trust myself to be driving right now, so take everything written with a grain of salt...
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matthew has been talking it up a bit lately
this link is to his webcast presentation, works watching the 20 minutes worth of info
http://clients.westminster-digital....ite/events/66/video/index.aspx?companyid=66_3
this is the presentation slides
this link is to his webcast presentation, works watching the 20 minutes worth of info
http://clients.westminster-digital....ite/events/66/video/index.aspx?companyid=66_3
this is the presentation slides
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I also wonder if agentM is still ok with this one? I've lost quite a few $ with ADI and I need to recoup my losses. I even loss my wife $ on ADI not good. agentM please help
No one posted since 9 July on this thread .
Very strange SP as well. What went wrong with this scrip ? They have gone down serioulsy after the SPP offer.
I had this before and sold out. THen put a buy order at a ridiculous price (at the time I placed the order) and forgot about it. Shockingly I saw my purchase order got executed today.
Is something wrong with SBR to go down when rest of the similar scrips went up today.
Looking forward to see some more updates/ analysis
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I also wonder if agentM is still ok with this one? I've lost quite a few $ with ADI and I need to recoup my losses. I even loss my wife $ on ADI not good. agentM please help
lol
i sold out of all stocks a while back.. sbr was the last to fall for me..
did a brief spell in bph on a spec that the newspaper article stating a spud in 3 weeks was perhaps accurate.. turns out it wasnt and turns out the sp dove,, so exit time until october for me..
cant see how a run from .06 to .42 could make a loss at adi.. but i sure made a killing on that run.. there was so much time to get in and take the opportunity, it was like the run was in super slow motion..
despite really not wanting to exit sbr, i see too much volatility in many places that has made me go 100% cash.. and right now i am sitting on the sidelines waiting for that magic announcement from sbr..
until then i will be sidelined on many stocks..
right now the bulls have the floor, and on volumes equivalent to vapour.. and i am not falling for any of it myself..
sbr has some extremely interesting prospects to drill.. it just needs the results to be positive..
high risk high reward this share is... best of luck
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RC drilling
With the present paucity of bore water, RC (reverse circulation) drilling has been substituted for diamond drilling on a number of targeted holes. This has ensured that we meet our schedule for the commencement of drilling at Kaskara before the end of September.
RC drilling commenced late last week on the flats surrounding Kaskara. The RC drilling rig being used cannot climb the rugged hills at Kaskara, so the prospective hills targets will need to be tested by a portable diamond drilling rig.
The first two RC drillholes lie on the gentle slopes to the northwest of the outcropping, high-grade gossans at Kaskara which are exposed on the hills. These gossans contain extremely high base metal values, with up to 25% copper, over 35% lead, and up to 34% zinc.
These metals are hosted by vanadate minerals within the gossans.
The south-dipping gossans have not yet been intercepted in drilling. However, the first two drillholes have intercepted broad zones of strong anomalism and subeconomic mineralisation at least 100 m away from the highly mineralised gossans (Figure 1). Importantly, these strongly anomalous zones form a coherent body that has been correlated between drillholes (Figure 2). In addition, fine-grained pyrite has been observed over several tens of metres adjacent to a significant fault zone. These observations are extremely encouraging as they indicate that there is a base metal sulphide mineralising system present in the subsurface at Kaskara.
Preliminary analyses using the hand-held XRF analyser on the rock chips indicates that broad zones of highly anomalous copper-lead-zinc values have been intercepted over thicknesses in excess of 40 m. Individual analyses are not reported here due to the difficulty of taking representative samples of the RC chips using the hand-held XRF analyser, but the enriched results are considered to be indicative of the approximate grades of mineralisation and are therefore extremely useful in guiding ongoing drilling. Full assay results will only be requested for the more strongly mineralised intercepts encountered throughout this initial programme.
RC drilling is ongoing and will continue to test the outlying targets along the Kaskara-Lucas Post corridor.
Diamond drilling
Considering the encouraging results of the initial RC drilling, the Company has ordered a portable diamond drilling rig to test the strongly mineralised gossans on the hills at Kaskara and Lucas Post. Mobilisation of the Longyear 38 diamond drill rig to site is expected to commence on Monday 27 September.
We expect diamond drilling to start in the second week of October, although actual start date is dependent upon securing the water supply (whether it be sourced from a bore or transported in). It will also depend on the logistics of sledging the components of the drill rig up the hill to the nominated drill sites, which could take several days. In the meantime, RC drilling will continue along the Kaskara-Lucas Post corridor.
INITIAL IMPRESSIONS OF THE KASKARA DRILLING
The broad highly anomalous zones of mineralisation intercepted away from the mineralised gossans appear to be the outer expression of a base metal sulphide mineralising system. The gossans themselves are presently interpreted to be the collapsed, highly oxidised core of mineralisation along which weathering has penetrated into the subsurface. It is expected that, with closer proximity to the gossans, base metal mineralisation will increase, consistent with observations of secondary copper, lead and zinc minerals adjacent to the gossans in outcrop.
Faulting is likely to add some complexity to the distribution of mineralisation, locally truncating or concentrating mineralisation.
With the present paucity of bore water, RC (reverse circulation) drilling has been substituted for diamond drilling on a number of targeted holes. This has ensured that we meet our schedule for the commencement of drilling at Kaskara before the end of September.
RC drilling commenced late last week on the flats surrounding Kaskara. The RC drilling rig being used cannot climb the rugged hills at Kaskara, so the prospective hills targets will need to be tested by a portable diamond drilling rig.
The first two RC drillholes lie on the gentle slopes to the northwest of the outcropping, high-grade gossans at Kaskara which are exposed on the hills. These gossans contain extremely high base metal values, with up to 25% copper, over 35% lead, and up to 34% zinc.
These metals are hosted by vanadate minerals within the gossans.
The south-dipping gossans have not yet been intercepted in drilling. However, the first two drillholes have intercepted broad zones of strong anomalism and subeconomic mineralisation at least 100 m away from the highly mineralised gossans (Figure 1). Importantly, these strongly anomalous zones form a coherent body that has been correlated between drillholes (Figure 2). In addition, fine-grained pyrite has been observed over several tens of metres adjacent to a significant fault zone. These observations are extremely encouraging as they indicate that there is a base metal sulphide mineralising system present in the subsurface at Kaskara.
Preliminary analyses using the hand-held XRF analyser on the rock chips indicates that broad zones of highly anomalous copper-lead-zinc values have been intercepted over thicknesses in excess of 40 m. Individual analyses are not reported here due to the difficulty of taking representative samples of the RC chips using the hand-held XRF analyser, but the enriched results are considered to be indicative of the approximate grades of mineralisation and are therefore extremely useful in guiding ongoing drilling. Full assay results will only be requested for the more strongly mineralised intercepts encountered throughout this initial programme.
RC drilling is ongoing and will continue to test the outlying targets along the Kaskara-Lucas Post corridor.
Diamond drilling
Considering the encouraging results of the initial RC drilling, the Company has ordered a portable diamond drilling rig to test the strongly mineralised gossans on the hills at Kaskara and Lucas Post. Mobilisation of the Longyear 38 diamond drill rig to site is expected to commence on Monday 27 September.
We expect diamond drilling to start in the second week of October, although actual start date is dependent upon securing the water supply (whether it be sourced from a bore or transported in). It will also depend on the logistics of sledging the components of the drill rig up the hill to the nominated drill sites, which could take several days. In the meantime, RC drilling will continue along the Kaskara-Lucas Post corridor.
INITIAL IMPRESSIONS OF THE KASKARA DRILLING
The broad highly anomalous zones of mineralisation intercepted away from the mineralised gossans appear to be the outer expression of a base metal sulphide mineralising system. The gossans themselves are presently interpreted to be the collapsed, highly oxidised core of mineralisation along which weathering has penetrated into the subsurface. It is expected that, with closer proximity to the gossans, base metal mineralisation will increase, consistent with observations of secondary copper, lead and zinc minerals adjacent to the gossans in outcrop.
Faulting is likely to add some complexity to the distribution of mineralisation, locally truncating or concentrating mineralisation.
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"Considering the encouraging results of the initial RC drilling, the Company has ordered a portable diamond drilling rig to test the strongly mineralised gossans on the hills at Kaskara and Lucas Post. Mobilisation of the Longyear 38 diamond drill rig to site is expected to commence on Monday 27 September.
We expect diamond drilling to start in the second week of October, although actual start date is dependent upon securing the water supply (whether it be sourced from a bore or transported in). It will also depend on the logistics of sledging the components of the drill rig up the hill to the nominated drill sites, which could take several days. In the meantime, RC drilling will continue along the Kaskara-Lucas Post corridor."
So we're in the second week of october now. One might suggest that diamond drilling may start soon, water dependent.
I have a figure in my head that it may take months for these samples to be analysed post drilling - can anyone else confirm this or tell me where i'm wrong? Obviously they have a hand held xray fluoro gizmo but as the drilling announcement said - this isn't all the accurate.
From what I gather - the RC drilling that his happening on the flatland isn't going to add all that much info, and the real deal is to see what the hills hold, am I correct here?
We expect diamond drilling to start in the second week of October, although actual start date is dependent upon securing the water supply (whether it be sourced from a bore or transported in). It will also depend on the logistics of sledging the components of the drill rig up the hill to the nominated drill sites, which could take several days. In the meantime, RC drilling will continue along the Kaskara-Lucas Post corridor."
So we're in the second week of october now. One might suggest that diamond drilling may start soon, water dependent.
I have a figure in my head that it may take months for these samples to be analysed post drilling - can anyone else confirm this or tell me where i'm wrong? Obviously they have a hand held xray fluoro gizmo but as the drilling announcement said - this isn't all the accurate.
From what I gather - the RC drilling that his happening on the flatland isn't going to add all that much info, and the real deal is to see what the hills hold, am I correct here?
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a few nice studies on gossans and mineralisation are available
suggest looking at these
Granitoid-related iron-oxide-copper-gold
mineralisation, Greater Lufilian Arc, Zambia and
Namibia
IRON OXIDE-COPPER-GOLD MINERALIZATION
IN THE GREATER LUFILIAN ARC, AFRICA
ALBERTO LOBO-GUERRERO S.
"Ongoing investigations at the Kombat copper deposit in the Otavi Mountains of Namibia also show geological features that are characteristic of the IOCG deposit type. Brecciation and stockworks of hydrothermal origin host most of the ore-grade rocks at the deposit. Primary copper mineralisation always occurs near or surrounding large bodies of iron- and/or manganese-oxides. No direct relationship with granitoid rocks has been established, but mineralisation could be related to the Otjiwarongo Batholith, buried below carbonate rocks and calcrete.
Some prospects in northern Namibia also have gold-rich and copper-rich surface anomalies, are associated with subvolcanic intrusive bodies, and contain abundant magnetite- and hematite-filled fractures that carry
gossans after copper and iron sulphides. Host rocks may be granitoids, brittle quartzites or albitised metamorphic rocks.
In parts of Namibia, Neoproterozoic syenitic and carbonatitic magmas are associated with hydrothermal brecciation, diatremes, massive iron-oxide bodies, and iron-oxide-filled veins. Parts of the iron-oxide bodies are characterised by significant vugs and gossans after sulphide mineralisation. In some places, fresh bornite is observed on the surface.
the region is one three places on the planet that is are extremely concentrated in meralizations.. imho the fact that a consultant advised SBR to look for copper in the kaskara region, then after doing a run up the valley they find gossans all over the place... sorta tells a very interesting story
lets see how the coming months pan out..
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Thanks AgentM,
Time to get out the notes tonight I think and have a really decent read about this play to get a fuller understanding.
There seems to be lack of support at 30c on this stock, so I hope to have learned enough by the time I want to pick some up on weakness.
Ah geology - have never studied it and it couldn't be further from my mbbs studies. Might need to grab a basic textbook so I can understand these terms.
It's better to do due diligence than to get stuck in a share that I know nothing about !
Thanks again.
Time to get out the notes tonight I think and have a really decent read about this play to get a fuller understanding.
There seems to be lack of support at 30c on this stock, so I hope to have learned enough by the time I want to pick some up on weakness.
Ah geology - have never studied it and it couldn't be further from my mbbs studies. Might need to grab a basic textbook so I can understand these terms.
It's better to do due diligence than to get stuck in a share that I know nothing about !
Thanks again.
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the capper has been slowly pushing the sp down
a few days back it was way higher
this morning it went to .325
this afternoon it dropped to .30
buying is being done below the capper
nice move,, nice prices too atm imho
cheers
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the drilling commenced yesterday and already there are what they call encouraging signs
ASX ANNOUNCEMENT & MEDIA RELEASE
20 October 2010
DIAMOND DRILLING UNDERWAY AT KASKARA
Diamond drilling commenced late yesterday afternoon (Namibian time) at Sabre's Kaskara copper-lead-zinc prospect. Encouragingly, there are several occurrences of mottramite (copper-lead-zinc vanadate) within the first 3 metres of the strongly altered and brecciated drill core. The rig is positioned well above the gossans in order to intersect them at depth.
ASX ANNOUNCEMENT & MEDIA RELEASE
20 October 2010
DIAMOND DRILLING UNDERWAY AT KASKARA
Diamond drilling commenced late yesterday afternoon (Namibian time) at Sabre's Kaskara copper-lead-zinc prospect. Encouragingly, there are several occurrences of mottramite (copper-lead-zinc vanadate) within the first 3 metres of the strongly altered and brecciated drill core. The rig is positioned well above the gossans in order to intersect them at depth.
