RE:RE:RE:RE:Time to use some of that cashBentouttashape wrote: Here is all you need to know.
Calibre Stock Price at time of Fiore Purchase Jan 11/22. $1.05 USD
Calibre Stock Price Sept 15/23 $1.08 USD
In this 20 month period, we have had loads of "positive" news releases from the Nicaragua assets (all original Calibre assets)
In the same period, 0 (zero) positive news releases from Fiore assets.
So if the Stock price is relatively the same as it was before the Fiore purchase, then I ask 'what is really holding this stock back'? The answer is pretty clear isn't it.
If i've said it once, I've said it a hundred times. Fiore is the worst mining acquisition of any miner in the last 30 years. If we want this stock price to go up, Get rid of Fiore assets and you will see this stock soar. Buying back shares would be a waste of good dollars after bad.
All I need to know is that the stock price during the past 20 months hasn't changed??? That's one way to look at it. I prefer to interpret the lag in price while both production and profitability are greater than ever as a sign of hidden value.
There were zero positive announcements about the Fiore assets??? Really?
Calibre has acquired a 100 per cent interest in Fiore’s operating Pan Gold Mine, adjacent advanced-stage Gold Rock Project and the past-producing Illipah Gold Project in Nevada, as well as the Golden Eagle project in Washington State.
Here are some NRs that were posted since the acquisition:
- March 8, 2022 - Calibre Reports Exploration Drill Results from the Pan Mine in Nevada
- August 17, 2022 - Calibre Reports Drill Results from the Pan Mine in Nevada...
- January 17, 2023 - Calibre Reports New Gold Discovery at the Pan Gold Mine in Nevada...
- January 24, 2023 - Calibre Reports Robust Drill Results at its 100% Owned Golden Eagle Project...
- April 12, 2023 - Calibre Reports Phase Two Drill Results at its Golden Eagle Project and Commences Detailed Metallurgical Studies...
- June 21, 2023 - Calibre Reports Positive Higher-Grade Near Surface Drilling at Its Pan Gold Mine...
- August 1, 2023 - Calibre Reports Additional Near Surface, Resource Expansion, Drill Results at Its Pan Gold Mine in Nevada...
Those look pretty positive to me...
Your "analysis" led you to the conclusion that, "Fiore is the worst mining acquisition of any miner in the last 30 years." Really? CXB hasn't even tapped into the Fiore assets during its record production during the past 20 months. In my view, CXB's future looks pretty bright. With its growing cash balance, I wouldn't be surprised if it's bought out soon. As a result, I've converted all my lithium holdings to CXB last week.