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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 JayBankson Sep 22, 2024 7:22pm
112 Views
Post# 36235676

RE:RE:RE:oh my!

RE:RE:RE:oh my!I haven't really thought about my exit in a while.

In Marathon, similar to you guys, it was expected to be when ever there was a spike around the completion of the mine, or being bought out...

Initially when Calibre and Marathon combined, B2Gold had that signifiant holding and seemed like a leading candidate to just buy everyone out at some point. But obviously few months ago they cut their position in half and is therefore a little less likely, That was kind of my only real exit thoughts and I haven't mulled it over since the merger.

I now have a position in B2Gold, so if they were the ones to take out Calibre I would still hold the assets, obviously I would also accept if there was a share component to the deal. Outside of that scenario, I would like to see what Calibre does after Valentine is in full production with the large cash flow increase, I don't see a dividend coming, but maybe buybacks for shareholder returns although that's not my favorite avenue unless we are cheap in valuation.

Based on these mullings I'd likely keep the shares through most of 25 to wait and see before making a decision to continue or walk away and if someone gets excited to take us out, I'd have to assess that company and if I'm interested.

Good little personal stratagy thought exercize you guys brought forward in discussion...
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