From £6.99 per month
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Latest Views & News

Railway cheer at Sable Mining

By Robert Tyerman | Tuesday 27 January 2015

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Depressed iron ore prices and a heavy capital expenditure programme, not to mention the ebola virus, had pushed shares in Guinea-focused iron ore play Sable Mining Africa (SBLM) through the floor not so long ago, sending them crashing from an 11.25p year’s high to 0.65p, as the bad news seemed to pile up. Now, however, they have rallied to 2.05p, helped by an ‘Infrastructure Development Agreement’ (IDA) with the government of Guinea’s West African neighbour, Liberia, to facilitate the shipment of iron ore from Sable’s key Nimba project by rail 270 km. to the Liberian port of Buchanan.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Wednesday »


Tom Winnifrith Bearcast: Family tales



Shanta Gold – a recovery BUY!



Oscillate RTO – madness



Surely Moonpig is a short at 171p?



Video: The Road to an Energy Crisis



Beyond Meat is Beyond Redemption.

Friday »


Tom Winnifrith bearcast: Madness!



The Andrew Bell defence at Red Rock



Kicking two men who are down

Wednesday »


Iofina – Q3 update and further expansion, Buy