Annuncio • Nov 12
Sable Exploration and Mining Limited Announces Resignations of Ian Bird as Chairman of the Board, Chairman of the Social and Ethics Committee, Member of the Audit and Risk Committee and Member of the Remuneration and Nominations Committee, Effective November, 10 2025 The board of directors of Sable Exploration and Mining Limited notified its shareholders that Ian Bird has resigned as Chairman of the Board with effect from 10 November 2025. As a result he will also resign as Chairman of the Social and Ethics Committee, member of the Audit and Risk Committee and member of the Remuneration and Nominations Committee. Annuncio • Aug 11
Sable Exploration and Mining Limited to Report Fiscal Year 2025 Results on Aug 31, 2025 Sable Exploration and Mining Limited announced that they will report fiscal year 2025 results on Aug 31, 2025 Board Change • Jun 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chair Ian Bird is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Nyameka Madikizela was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chair Ian Bird is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Nyameka Madikizela was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 07
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chair Ian Bird is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Nyameka Madikizela was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chair Ian Bird is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Nyameka Madikizela was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Feb 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chair Ian Bird is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Nyameka Madikizela was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Feb 04
Sable Exploration and Mining Limited Appoints Mathabiso Chamane as A Non-Executive Director Sable Exploration and Mining Limited announced that Mathabiso Chamane has been appointed as a non-executive director of SEAM effective from 4 February 2025. As a result she will also be appointed as the Chairman of the Audit and Risk Committee and as a member of the Remuneration and Nominations Committee. Matha is a member of SAICA holding an AGA(SA) Associate General Accountant Certification, member of IRMSA as certified risk practitioner, she holds an MBA and has many years' experience in financial management, strategy management, risk management and board experience. Board Change • Jan 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chair Ian Bird is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 27
Sable Exploration and Mining Limited Announces the Resignation of Hazel Bango-Moyo as Non-Executive Director, Chairman of the Audit and Risk Committee and as Member of the Remuneration and Nominations Committee Sable Exploration and Mining Limited announced that Hazel Bango-Moyo has resigned as a non-executive director with effect from 22 November 2024. As a result, she will also resign as Chairman of the Audit and Risk
Committee and as a member of the Remuneration and Nominations Committee. The Board will begin the process of finding a suitable replacement for Hazel. Annuncio • Oct 11
Sable Exploration and Mining Decides Not to Renew James Allan's Contract as CEO Due to Reach of Retirement Age, Effective October 31, 2024 The board of directors of Sable Exploration and Mining Limited announced that it has decided not to renew the CEO, James Allan's contract with effect from October 31, 2024 as he has reached retirement age. The Board will begin the process of finding a suitable replacement for James. New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 12x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-R23m free cash flow). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 12x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (R56.6m market cap, or US$3.10m). Annuncio • Jul 02
Sable Exploration and Mining Limited, Annual General Meeting, Aug 16, 2024 Sable Exploration and Mining Limited, Annual General Meeting, Aug 16, 2024. Annuncio • Jun 30
Sable Exploration and Mining Limited to Report Fiscal Year 2024 Results on Jul 01, 2024 Sable Exploration and Mining Limited announced that they will report fiscal year 2024 results at 12:00 PM, South Africa Standard Time on Jul 01, 2024 New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-R663k free cash flow). Share price has been highly volatile over the past 3 months (69% average weekly change). Negative equity (-R35m). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (R4.35m market cap, or US$228.3k). Minor Risk Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). New Risk • Oct 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -R663k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-R663k free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-R35m). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (R261.1k market cap, or US$13.8k). Annuncio • Sep 28
Sable Exploration and Mining Limited Provides Earning Guidance for the Six Months Ended 31 August 2023 Sable Exploration and Mining Limited provided earning guidance for the six months ended 31 August 2023. A review by management of the interim financial results for the six months ended 31 August 2023 has indicated, with a reasonable degree of certainty, that loss per share ("LPS") and headline loss per share ("HLPS") of SEAM is expected to be between 65 cents and 75 cents compared to that of the previous corresponding period which reported LPS and HLPS of 55.58 cents per share for the period ended 31 August 2022. This equates to a decrease in LPS and HLPS of between 17% and 35% when compared to the previous reporting period. Annuncio • Jul 13
Sable Exploration and Mining Limited Announces Board Changes Sable Exploration and Mining Limited announce that Deon Botha, the part time financial director has resigned with effect from 10 July 2023; Ulrich Bester an executive director of SEAM has been appointed as the new financial director with effect from 11 July 2023; Ian Bird an independent non-executive director has been appointed as a member of the Remuneration and Nominations Committee with effect from 11 July 2023. Annuncio • Jul 06
Sable Exploration and Mining Limited Announces Enver Motala Is Not Re-Elected as Director Sable Exploration and Mining Limited advised that, at the annual general meeting of SEAM held on 30 June 2023, Enver Motala was not re-elected as a director of the company. Annuncio • Jun 01
Sable Exploration and Mining Limited, Annual General Meeting, Jun 30, 2023 Sable Exploration and Mining Limited, Annual General Meeting, Jun 30, 2023, at 10:00 South Africa Standard Time. Board Change • May 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Nyameka Madikizela was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • May 17
Sable Exploration and Mining Limited Appoints Ulrich Bester as an Executive Director The board of directors of Sable Exploration and Mining Limited hereby notifies its shareholders of the following: Mr. Ulrich Bester has been appointed as an executive director of the company in the role of Business Development and member of the Remuneration and Nominations Committee, effective 15 May 2023. Ulrich has over 27 years' experience in the mining industry. He graduated with a B.Sc. degree in Mining Engineering from the University of the Witwatersrand in 2000. During his eight on-mine years he worked on gold, platinum group metals and coal mines in South Africa. Ulrich spent 12 years in consulting in various roles. During 2018 he was appointed as a Financial Director to an AltX listed mining company where he also performed the function of Chief operating officer. In 2019 Ulrich graduated with an M.Com in finance from the University of Johannesburg. Ulrich spent the last four years consulting in mining and mining finance. Annuncio • Feb 02
Sable Exploration and Mining Limited Appoints Eshaan Singh as Independent Non-Executive Director Sable Exploration and Mining Limited announced that Mr. Eshaan Singh, an independent non-executive director of SEAM, has been appointed as the lead independent director with effective from 1 February 2023. Annuncio • Jul 09
Sable Exploration and Mining Limited, Annual General Meeting, Aug 19, 2022 Sable Exploration and Mining Limited, Annual General Meeting, Aug 19, 2022, at 10:00 South Africa Standard Time. Buying Opportunity • Mar 24
Now 49% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be R4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Earnings per share has declined by 9.2% per annum over the last 3 years. Buying Opportunity • Feb 28
Now 39% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be R8.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Earnings per share has declined by 9.2% per annum over the last 3 years. 