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Sable Resources Ltd V.SAE

Alternate Symbol(s):  SBLRF

Sable Resources Ltd. is a junior grassroots explorer focused on the discovery of tier-one new precious metal and copper projects through exploration in endowed terranes. It is exploring the San Juan Regional Program (approximately 163,969 hectares (ha)) incorporating the Don Julio, El Fierro, La Poncha, and Los Pumas Projects in the San Juan Province, Argentina; and the Mexico Regional Program incorporating the Vinata and El Escarpe projects. The Don Julio Au (Cu) project is situated on the eastern margin of the Cordillera Principal of Argentina and the Company holds the right to acquire 100% ownership of about 58,629 ha. It controls about 46,391 ha at El Fierro, covering all known mineralized areas and additional prospective ground. It controls about 18,114 ha at La Poncha, covering Poncha North and South as well as additional high-potential ground. The Los Pumas Project is located in the Department of Iglesia, province of San Juan, about 21 kilometers south of the Don Julio Cluster.


TSXV:SAE - Post by User

Post by Teakboison Jun 30, 2021 9:36pm
178 Views
Post# 33478083

RE: PRICE

RE: PRICESo lets do a little due diligence for those who havent done it.....

How undervalued is the company? They have plenty of cash which means no more dilution in the forseeable future. 
 
Thats $28-30 million in cash....which works out to 10-11 cents a share!!

So the market is valuing 130 thousand +  hectares of silver/gold bearing property at 15 cents a share. You gotta be kidding! 

So maybe insiders are selling?   NOT!!

Just in the last 6 weeks Gilchrist, Brent Lindsay only insider to sell shares in the last year....sold 115K shares for $43K and 1 week later bought 400K shares for $100K. Upped holding to 4.2 milllion  shares.
 
Obradovich, Thomas John....bought 350K shares for $87,500. Upped holding to 4.39 million.

Ruben Padilla.....bought 170K shares for $42,500 upped holding to 4.37 million shares.

Korek Jason bought bought 90K shares in March for $18K, 679K shares last summer. NO other insider sales since Jan 2020.

Lets not forget Osisko who increased its position from 16 million shares to 24 million shares....

or ASA Gold who bought 33 million shares, all in Sept of last year.


Is this company a screaming buy? Or what?


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