Calibre Mining Corp T.CXB

Good deal today.......

[habsguy]

I like this deal....50k should be aprox 35m profit uplift added on. That along with our coin can advance the properties.... turn a lot of drills plus finance on better terms AND buy bac shares. All at the same time.....a lot of upside! Lookin forward to the next quarter.....was a buyer today.

[staz]

I think so , too. Producing mine, in a safer jurisdiction, no debt, Golden Eagle eploration prospects. 50K oz production , approx 3x less than CXB, hence 3:1 shares ratio seems reasonable. Calibre shares dropped (as it frequently happens to buyer's SP) because of the premium/price difference. Added some today, too. I think it's a very positive development. GLTA  

[Stratocheif]

Why did they pay a 44% premium. That's what sunk caliber share price. Same thing happened to fortuna. They paid a huge premium to buy roxgold. Their share price collapsed 40,% and never recovered. It's not what you own it's what you pay for it. Spend ur money foolishly and down you go

[stockmyster]

Exactly especially now that mergers not buyouts are more common. The money would have been better spent organically with a better return. If libertad was running at full capacity then  you could think about an acquisition. I think the first question/analyst expected a dividend which I was also expecting. Kiss that goodbye. Now if the Rio tinto results don't come back good which I suspect

[Tad]

stockmyster, You could "skim" a dime of cash per share off of this deal at present time swapping into Fiore shares,  considering the share price of Fiore is more or less mirroring Calibre's. Basically a one for one (0.994) share swap with a $0.10 cash bonus ... if you are so inclined.... and you'll get all your Calibre shares back when the deal is accepted by shareholders

[greendayyyy]

I took advantage of the fall yesterday to buy 10,000 shares at a price of 1.53. In this kind of transaction there is a 90% chance that the price will drop for the buyer. I did the same for FVI and bought 5000 shares at the ridiculous price of 4.96. Today FVI shares are $6.24. Never forget the cost of building a mine, the time it takes to build and obtain permits and country regulations. For me CXB