Sep 07

General Information:
The Sable Mining Company is a London-based firm that specialises in mining coal deposits and iron ore deposits in underdeveloped areas of sub-Saharan Africa. The firm also invests in other natural resource deposits that the firm believes adds long-term value to the company’s holdings.

Current Holdings:
The Sable Mining Company currently holds majority interests in several coal and iron ore mines in Lubu, Springbok Flats, and other towns in sub-Saharan Africa.

The firm also is in the process of acquiring several mining permits in Bagla Hills, Mount Kakoulima and in Liberia.

Business Strategy:
The Sable Mining Company strives to locate and develop major sources of natural resources as soon as the source shows signs of profitability.

To achieve this goal, The Sable Mining Company looks for potentially profitable sources of natural resources in underdeveloped areas that have the potential to attract significant foreign capital investment or sustainable rapid growth.

Moreover, the firm also looks for opportunities to acquire permits that allow the firm to look for untapped deposits of coal or iron ore. The firm acquires these permits because they hope they can find important sources of coal or iron ore that could be developed into a sustainable asset over the long haul.

Other Important Details:
AIM Stock Symbol: SBLM.

Board of Directors:
Director: Phil Edmonds.
CEO: Andrew Groves.
Director of Finance: Andrew Burns.
Executive Director: Jeremy Sanford.

Financial Data for 2010:
Expenses: -£1,672,000.
Net Operations Income: -£2,426,000.
Total Income Loss: -£34,988,000.
Retained Earnings: -£43,198,000.
Total Equity: +£32,446,000.

Please note: All financial data have been rounded off to the nearest £1,000 for simplicity.

Contact Information:
Mailing address:
18 Park Street
London, W1K2HQ.

Phone Number: 020 7236 1177.
Fax Number: 020 7236 1188.
Email address: info@sbmf.co.uk.

www.sbmf.co.uk

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Oct 28

Black Rock Oil and Gas changed its company name to Woburn Energy in January of 2009. The company is a gas and oil exploration company that searches for areas rich in gas and oil that can quickly be developed. Woburn Energy’s stated mission is to “acquire low risk opportunities with a high chance of early success leading to production” in low-risk countries in both Europe and South America. Only countries with a stabile government are considered for exploration and development. Demand for the oil and gas produced by Black Rock is based on U.S. and U.K. consumption.

The company previously held acreage in Ireland and Australia but recently gave up on those areas to focus efforts on deposits in the United Kingdom North Sea and Colombia. Colombia currently shows the most potential for development. In Colombia, The Las Quinchas block contains an estimated 5-10 million barrels of recoverable oil. Testing in the Acacia Este exploration prospect has indicated that long-term production could potentially produce 40 barrels of heavy oil a day. In the UK North Sea, Woburn Energy holds a 15% stake in a hydrocarbon-rich gas field in Monterey. This field contains an estimated 165 billion cubic feet of recoverable natural gas and is undeveloped as of yet.

The board of directors is made up of 6 members. Kamran Ahmed, Rustom Bejon Kanga, Hasan Hashwani, Anthony Brian Baldry and Arif Kemal are non-executive directors. The executive managing director is Dr. John Malcolm Cubitt. Dr. Cubitt has over 27 years experience in the natural resources exploration industry and is a registered Chartered Geologist. He has both a BS and a PhD in geology.

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Sep 16

The Thrifty 30 – An entertaining and informative blog

 

Richard Beddard takes his experiment in the Thrifty 30  and makes investing fun and practical for the masses. Beddard has set out to pick a portfolio of cheap stocks that can be purchased in small amounts – in this case, 30 shares at a time. He clearly lays out his criteria for choosing the stocks, but just as clearly states that it is up to the participants to do their own research. “Cheap, safe companies” is more or less the gospel of Beddard’s Thrifty 30. He tends to stick with established companies as opposed to upstarts that – though cheap – tend to be less stable. He offers clear and concise reasoning for the companies he chooses to add to the Thrifty 30 list, keeping his explanations to near sound-bite length. His reasoning and thought processes are easy to understand, though some may think he’s playing it too safe.
I think Beddard’s approach to investing is refreshing. At a time when many are thinking the best approach in these difficult financial times is to hide any extra cash in the mattress, Beddard inspires people to peak from beneath the covers and look anew at the opportunities investing can offer. The Thrifty 30, for many, is like learning to walk again. Beddard is moving us along in our investment journey, showing us the baby steps along the way.
Beddard’s blog is informative without carrying the air of musty stock reports adorned with endless, mind-numbing charts, graphs and over-analysis. Although he does include the occasional graph, Beddard explains things rather concisely. This experiment in thrifty stock purchases actually makes for refreshing and inspiring blog reading.

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