SBR 13.3% 1.7¢ sabre resources limited

Ann: Aeromagnetic Survey at Bonanza Gold Project Postponed, page-8

  1. 5,459 Posts.
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    Certainly speculation. The problem sbr raised capital last year. Enough for 1 year. After that cr they paid half off a debt. Didn't tell investors prior. So half what was expected resulted from the cr. 100k for this survey, 250k admin costs per qtr. Many little pennies are 100k. It leaves no money for drilling. So if they get a good survey, they will most likely do a cr to fund any drilling. They wrote of 13m last fin year in exploration and all they have is a bit of dirt un tested. I've held for sometime, also have spx. But with spx they knew they had gold before buying, sabre don't. if the ground has gold, good, if it doesn't it will be bust. This company has a very very bad track record.
 
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