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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

Comment by theCurseon Mar 07, 2024 12:20pm
132 Views
Post# 35920736

RE:It amazes me

RE:It amazes me
karead wrote: 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.


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 issue but also numerous other unexpected events can always occur (esp POG related).

You must also realize that there were millions and millions (100M-200M+?) shares of MOZ traded around 50-70 cents in the fall.  I believe a lot of this was just back and forth but obviously millions fell into hands that held them.  That's CXB at $0.81-1.14.  That's a great gain in a few months.  Every penny up on CXB involves a lot of effort with the shares that come ouit.

tC
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