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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. The Company is exploring the San Juan Regional Program (approximately 163,969 hectares (ha)) incorporating the Don Julio, El Fierro, 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 69,000 ha. It controls about 75,000 ha at El Fierro, covering all known mineralized areas and additional prospective 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. The Company is also exploring Perk Rocky, Copper Queen and Rusty Peak properties in Canada.


TSXV:SAE - Post by User

Comment by Teakboison Jan 14, 2021 12:47pm
90 Views
Post# 32297560

RE:RE:RE:RE:RE:65 million shares start trading Jan. 11th

RE:RE:RE:RE:RE:65 million shares start trading Jan. 11thIt appears that we got the sell off in price, but it didnt happen as expected. There was no increase in volume to drive the price down after Jan 10th. The decline in price occurred before the 10th coinciding with the $2 drop in silver and the $130 drop in gold on average volume! 

I took a look at the chart and its interesting how the price was launched higher in late December on huge volume of 4.6 million shares. Its now lost all that advance and stands just 1 cent from where the advance started. The decline totalled 4.9 million shares. I have seen this pattern in the shares of other companies. Not all the time....but often. 

With all the shares that were released, I think the price has held up quite well! Even if it is down 30% from the high!! I'm glad I held on this one. Too good of a situation to caught out of!! 
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