Post by
geezer21 on Oct 25, 2021 2:09pm
Correction My Prior Post
It is very good buy for Fiore shareholders.
Besides getting an implied premium of 44% on Friday's price, they also get $0.10/share cash and shares in Calibre that are earning $0.33 per share.
However, Calibre's share price is trading down $0.17 to $ 1.54 which fairly reduces that premium. However, since both companies are very profitable it can be expecte Calibre's share price will rebound once Calibre shareholders digest the buy and conclude it is beneficial to them.
Fiore had earnings per share of $0.28, a return on equity of 35.9% and return on assets of 26.4%. Fiore has the second highest return on equity.
Its fundementals is the best of all the gold producers. I updated my table on the fundementals of 27 gold miners just last week.
The highest % returns on equity were:
GBU 46.6
KL 14.22
AEM 11.8
ABX 10.3
NGT 11.42
ELD 3.23
AGI 7.07
IMG 3.83
K 21.6
OR 2.7
WDO 18.91
YRI 4.68
CEE 11.5