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Sable reviews its funding options

By Robert Tyerman | Tuesday 23 December 2014

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.

For a company which has lost 94% of its stockmarket value in six years and has chalked up a $3.3 million (£2.1 million) first-half loss, funding a $300 million project to mine a mineral whose price has dropped  50% in a year must present certain challenges. Yet Sable Mining Africa (SBLM) is exuding characteristic confidence as its directors consider the alternatives open to the AIM-quoted outfit to bring its Nimba iron ore project in Guinea, one of the West African countries in the ebola front line, to fruition.

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