Sable Resources Ltd SBLRF

65 million shares start trading Jan. 11th

[MrTAteam]

in the money at 15 cents. Also, 32.5 million warrants in the money at 20 cents. A bit of an overhang?

[Teakbois]

Yes it is.  And it appears selling has already begun as some shareholders are not willing to sit through the dilution which starts Monday

[Teakbois]

01/05/2021 15:27:37 EST   0.315 252500   007 001

[Teakbois]

and to finish the day....95K at the bid,  two buy orders for 2.5K at the ask. How low will this go? 20-25 cents? 01/05/2021 15:59:57 EST   0.315 9000   007 002 01/05/2021 15:59:57 EST   0.315 4000   002 002 01/05/2021 15:59:54 EST

[KewlNewf]

Yeah, possibly Teak, we all have to decide to trade or ride. I have chosen to ride out the time it takes for the new shares to be absorbed.  Hoping it doesn't take as long as some think.  As always, only time will tell. GLTA

[Teakbois]

It 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

[Teakbois]

Except for the hit the price took due to the fall in gold/silver.....it appears that very few are willing to part with their newly free'd up shares. That is a great sign of confidence in the company. I dont think it will be long before the price is solidly back above 32 cents and prepping for a break out above 36 cents.