RE:RE:RE:US Economy In A Free FallThoughtsOnThis wrote
Gold is King! Your one and only response. Nothing else. Beyond old...
You predict the economy will completely crater, Gold will rise to levels never seen before, and CXB shares will explode in value. Of course everything else anyone owns will be worth near zero. Wonderful outlook. And when the economy does crater what happens in Nicaraqua? Business as usual? I don't think so...
"Today's volume of 1,007,659 is on pace to be much greater than CXB's 10-day average volume of 2,872,610 shares." The mass exodus continues...
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"Gold is King. Your one and only response. Nothing else. Beyond old..."
Maybe you should take a look at your posts to see what is getting old. All you do is keep repeating the same tired old b.s. We all know where the sharerprice is without you pointing it out everyday. Funny how you seem to post a lot when the shareprice is dropping such as now but go quiet when the shareprice rises as it was a few weeks ago. As others have said if you dont like the stock why are you here? We dont need you to save us.
You say that those investing in CXB will have to wait years to make money. How do you know these things with such certainty? You were also certain a few months ago that CXB would be at $1 by the end of 2021. Anyone who makes definite predictions on how things will unfold when there are different possibilites will end up looking like a fool a lot.
Over the last many years i have looked at and invested in a lot of small gold miners such as this one. I have made a lot of money and also lost a lot. In looking back at all those small miners i dont believe i every saw or invested in one that is in the position that CXB now finds itself. With the takeover of Fiore an existing 50 thousand ounce producer with low costs they are now nearing a 250 thousand ounce producer with $100 million Cdn. in cash and no debt. They also have huge exploration and expansion potential on the newly acquired properties and also on their existing operations.
In a couple of years with small capex they could be up to 350 thousand ounces per year. Even at todays production with current gold prices CXB will be having Free cashflow of over $200 million Cdn. per year. The market cap. of the company is currently $500 million. That is a 40% Free Cashlow. If you subtract the $100 million Cdn. in cash they have CXB at todays shareprice is generating a 50% Free Cashflow return. Its only a matter of time before the market sees the amount of cash this company is not piling up all over the place.
"The mass exodus continues."
Dont forget that for all the people selling the large amounts of shares recently there are investors on the other side including me buying them.
If you had any brains you would be doing the same.