Sable Mining Africa Share Price (SBLM)

China is looking to Africa to replace its reliance on Australian iron ore and reduce its price. It seems that the Chinese are seriously considering developing a large resource in Eastern Guinea, in the region Sables Nimba mine is, roughly 100km away. The Guineaian Govt has been trying for years to get a big miner to build a railway to its own ports in the West from there. Sable had hopes to export thru Liberia as it was closer to existing infrastructure. Interesting read and would make Nimba more viable if it happens.

https://www.afr.com/chanticleer/china-s-african-iron-ore-strategy-spells-danger-for-australia-20210408-p57hnm

Hi JN,

My allocation of 84,00 CGO shares showed up in my trading account, but because of the problems caused during the transfer between HL and the CGO registrars they couldn’t be traded, or bed and breakfasted.

So in the hope it would be sorted reasonably quickly, I bought slightly more (86,000) CGO shares in my ISA account, in the hope of the sp rising.

If and when the sp reaches a decent point, I’ll then be able to realise some of my £8,000+ investment in CGH (Sable) by either bed and breakfasting, or trading the ones in my trading account.

Here’s hoping folks, I hope my strategy comes off, and good luck to all.

Merry Christmas to one and all, CGH and CGO.

RG33, congrats on getting some money back. Could please explain to the rest of us what process you followed to convert your share certificate in CGH to tradable CGO shares?

I guess that Groves will be beavering away shutting down CGH, and disappearing our remaining assets. So the only way of getting any news will probably be by shareholders with actual CGH paper certificates, receiving information via Neville registrars . Which hopefully they can let us know by posting any news on here.

GLA

Thanks Lo64,

Been a long old slog, but we’ve got something back after all the despicable treatment from the lousy board of directors..

Good luck to all.