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SBR - Sabre Resources

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Trading Halt announced....capital raising?
Was hoping to exit today pending a good announcement regarding #2 and 3
 
Yep, capital raising it is.

BBY Limited and Octa Phillip Securities Limited have been appointed as Joint Lead Manager by Sabre Resources Limited (ASX: SBR ) to raise upto ~A$ 5.0million by way of a placement of ~19.2 million shares at A$0.26 per share (the "Placement").

The Issue Price represents:

· 23.8% discount to the VWAP on date of last price

· 18.8% discount to the last price, A$0.32

· 17.9% discount to the 5 day VWAP of A$0.317
 
this one is far less of a daytrading stock for me

i am waiting for outcomes on kaskara and the full story on guchab

the assays will be reviewed today and we could hear something as quickly as today or by early next week

all imho and dyor
 
very interesting next few days for sabre

quietly accumulating more as i have a date with destiny- or was it density??? on friday

anyone who is on this puppy enjoy the show
 
Not a great day for any of the specs. I keep wondering what is actually required to attract and sustain suppoort for a stock. We keep seeing many great results, opportunities etc - but with rare exceptions the SP doesn't budge.

This is a very gloomy market.
 

Hi basilio.
A complete turnaround in the world economy is probably what is required.
If this type of market is dictating sharp rises on great announcements, but lack of long term support for specs and you are aware of this, then trade accordingly. Take the profit level you are happy with, move on and don't look back. A quick profit is a good profit.
Don't fight it mate, swim with the current, it's much easier.
 
the next few days, possibly even today, will see results from the second drill and imho a more "ball tearer" results

i understand from a few sources over the last weeks that the first drilling was from a trench that had amoungst the lower surface copper results of all the trenches

its going to be extremely interesting to watch further drilling results along strike from the trenches that had significantly higher surface and near surface copper readings.. silver is in the mix.. like with kombat

there are 4 km of strike to be tested by sbr, and the entire trend is 3 times that.. with kombat in the trend also.

these are some of the surface trench results that sbr will drill off

• Channel sampling of the Guchab workings has returned high-grade copper-silver mineralisation, including:

GCTR 002 16 m @ 10.16% Cu & 64 gpt Ag
GCTR 023 25 m @ 6.70% Cu & 59 gpt Ag
GCTR 004 (Trench) 22 m @ 3.65% Cu & 23 gpt Ag
GCTR 005 (Trench) 29 m @ 2.73% Cu & 22 gpt Ag IMHO the first drill was off this one



• Underground sampling at Rodgerberg, included:

RUUG 001 3 m @ 10.88% Cu & 473 gpt Ag
RUUG 005 13 m @ 5.32% Cu & 192 gpt Ag


 
the next few days, possibly even today, will see results from the second drill and imho a more "ball tearer" results
Click to expand...
agentm

Well mate we have certainly got our wish..... I just don't think the investment god quite understood your meaning.

That wasn't a really flash announcment was it ? Yes more copper and silver but as I saw it (and I gather almost everyone else) it didn't throw up a set of figures that scream " buy me now ffs"

So everyone has jumped ship.

Any thoughts ?
 
Lol why are you gamblers so quiet these days? It was only a month and a half a go you were all cheering.
 
basilio said:
Cos it looks like we jumped on the whole boat. Should have been Sirius not Sabre..
Click to expand...

Perhaps Agentm can use his crystal ball to bring up a few more pretty pictures and graphs in order to tell us if Sabre is drilling in the right place?
 
Kulio said:
Perhaps Agentm can use his crystal ball to bring up a few more pretty pictures and graphs in order to tell us if Sabre is drilling in the right place?
Click to expand...

glad you appreciate the research..

cheers


crystal ball not needed, the guchab site has a resource which will be resource drilled later on.. currently they are drilling at different locations so as to best determine the way to do the resource drilling later..

not a case of guessing at all.. matt is drilling in the right place, he has been all over it for many years, its only been in sabres hands a few months.. lol

pad 4 will drill where there are 50 meters of visible sulphides in the mines there in over 200 meters of mine shafts that go down multiple layers..

100 years ago they didnt chase 1% copper oxides, only 30% or higher Cu.. the oxides left over are a resource in itself. imho the high Cu levels in the trenches at surface will also tell a tale as they explore the resource at various pads..

the kaskara drill is about to begin.. i have posted plenty on that.. matt is looking at the sulphide deposit in the pipe that thus far has alluded all drilling attempts.

new rig on the hill.. crew about to arrive.. they have 5 days off at the end of each month.. next few weeks will be interesting..

best of luck to all holders..
 
31% increase in 9 days!!!

news NOT YET announced!!!

kaskara is drilling now as we speak, and pad 4 is on the go

some very important news to potentially get released in the coming weeks or days or hours

good luck to those holding..
 
Agentm said:
31% increase in 9 days!!!

news NOT YET announced!!!

kaskara is drilling now as we speak, and pad 4 is on the go

some very important news to potentially get released in the coming weeks or days or hours

good luck to those holding..
Click to expand...

Maybe I should add that they have reported visible copper late September and that the buying is obviously built on that. That 25c level needs to be cleared to lower the risk of an entry at current prices, apart from the risk with that hand assembled drill!

Anyone who is looking at it, be careful and get ready for the door if they report an empty hole.
It does sound very promising drilling in old mining areas though with visible copper close to the surface. Hope the copper continues down for holders...
 
kaskara is upon us

imho the third drill may not be intercepting the fault, so look out for better news

once they start releasing details on the drilling at both sites the sabre express is perhaps going to depart..
 
2 holes drilled at kaskara

in the fringes and on the northern section. assays will be a few weeks off

the guchab pad 4 first hole wa flying.. no hold ups like last month. indicating better ground and imho possibly some great announcements very soon on that.

good luck to all holders, with the drill bit now going at speed, so will results and news
 
For one month since Nov 1 there was no posting on SBR.

On the face the stock shows promises.

I however fail to understand why trading levels are so low and what the company offered to those investors/speculators who bought the capital raised at 26 cents when the current price is at 17 cents.

I am not complaining with 11.5 to 17 cents spreaded purchase but just curious.

May be Pad 4 success will bring some smile for many specially only weeks back the SP shot up significantly.

The field preparation however on each of PAD 1, 2 AND 4 offers serious challenges from cutting the hills and infrastructure for a serious miner following exploration results

Best of luck to all SBR enthsiastics
 
Prices are delayed by 20 minutes unless stated otherwise in the Conditions. Retrieving any price indicates your acceptance of the Conditions.

Code Last % Chg Bid Offer Open High Low Vol
SBR 0.125 -24.24% 0.125 0.130 0.165 0.165 0.125 1,144,637
OMG
what a slide and volume today with SBR as soon as Market heard the broken drill, continuous logistics issue with the drilling contractor.

Once again no poster here since Nov 1 - So much hush hush by SBR management to cause 24 percent slide and more than a million shares transferred.

Probably tomorrow going to be worse than 12.5 cents closing price.


 
Another day of lack lustre (lost luck)

The price dived by 4% as if 24% dive on previous day was not good enough.
The volume now 3.3 million shares transacted on Wednesday where as on Tuesday it was about 1.1 million shares and on Monday it was merely 200,000 shares.
Why ASX did not issue a PLEASE EXPLAIN note for excessive volume ?

Let us see what comes out by Christmas giving an opportunity to re-enter into SBR .

All the best
 
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