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Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and... see more

TSX:CXB - Post Discussion

Calibre Mining Corp > It amazes me
View:
Post by karead on Mar 07, 2024 7:32am

It amazes me

That anybody would sell at this level. With the increase in the price of gold, CXB is just as undervalued as it was at $1.30! Sure, I can see that there might be a possible pullback from this level given the quick rise, but you had better hope you're quick with getting back in if you're trading. Besides, if you sell at this level, whct are you putting the proceeds towards? Either a different gold stock, or a GIC? I don't see any scenario where I sell unless gold itself begins a new downtrend, and I guess that's what the sellers are figuring is going to happen. Personally, I don't see it. I see $2,225 within the next month.
Comment by BGraham2 on Mar 07, 2024 9:05am
Just my opinion karead, but would't surprise me to see any pullbacks in gold for the next few weeks / months being short and small (percentage wise) Like maybe a 1 to 2 week duration with max 5 % decline. BG
Comment by BGraham2 on Mar 28, 2024 4:26pm
nailed the duration !  the % decline was practically non-existant. I dare say these kind of consolidations will be par for the course on the run to $3K US gold! Silver and gold etf's lighting up the exchanges today!! BG
Comment by theCurse on Mar 07, 2024 12:20pm
And always amazes me to hear something thinking taking a profit is a bad thing or unbelievable thing.  I believe there are a lot of MOZ shareholders that have had a lesson in this as well on the ride up to $3.72 and back to $0.51.  A hard one.  Sure, things look rosy but anything can happen at any time.  And with the current cash cow grazing in Nicaragua that will always be an ...more  
Comment by Ridgeback on Mar 07, 2024 1:38pm
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Mar 3/24 Mar 1/24 Gregg, Jason Jared Direct Ownership Common Shares 10 - Disposition in the public market -13,028  ...more