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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 development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Post by IgnacioCashmereon Oct 26, 2022 8:47am
292 Views
Post# 35049084

Risk

Risk
The risk here is that Treasury or SEC will suspend trading of CXBMF. If you own CXB there is no risk to you. A suspension can last indefinitely, leaving holders with no avenue to sell. The value, earnings, & cash flow have not & will not change for Canadian shareholders. American institutional owners are likely the source of the dumping of shares, they cannot risk the chance of 100% loss. Sanctions for as long as Daniel Ortega lives is in effect a total loss. Retail investors in junior mining on the other hand are willing to risk 100% loss, we do it every day. Every Canadian junior miner I buy carries a risk of 100% loss, it is managing risk to achieve a higher ROI on the whole that we seek, & we must take higher risk to acquire a higher return. I am a buyer as a trader here, because I believe the selling is over done. Treasury will take their time before disclosing whether trading in CXBMF will be suspended. That gives time for fat cat friends of government to exit. But I am willing to put my money that CXBMF won't be halted or suspended.
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