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Colibri Resource Corp V.CBI

Alternate Symbol(s):  CRUCF

Colibri Resource Corporation is a Canada-based mineral exploration company. The Company is focused on acquiring, exploring, and developing prospective gold and silver properties in Mexico. The Company holds high potential precious metal projects, including Evelyn/Plomo Property, Pilar Property, Diamante Gold & Silver Project and Jackie Gold & Silver Project. The Company holds a 100% interest in the Evelyn/Plomo property (EP), which is located in the Caborca Orogenic Gold Belt and covers an area of approximately 506 hectares (ha). The Company holds 49% ownership of the Pilar Gold & Silver Project, which is located in the State of Sonora, Mexico. Its Diamante Gold & Silver project is located adjacent to the Company’s Mezquite project in eastern Sonora. The Diamante Project covers an area of approximately 1,057 ha in the Sierra Madre-Yecora area. The Jackie Gold & Silver property is located in the State of Sonora, Mexico, which covers an area of approximately 1,113 hectares.


TSXV:CBI - Post by User

Bullboard Posts
Comment by stubbson Aug 07, 1998 3:41pm
6 Views
Post# 752509

RE: Just a Thought!!!

RE: Just a Thought!!!Hi Matchbox; I hope you read my other post today as it explains the margin squeeze and choices to be made. My next comment is for all and it relates to the down spin. (of course this is my opinion only)I know that the Margin squeeze caused/started the drop in price from about $1.00 to the $.70 level. Its not just the selling to cover margins though that will spiral a stock down it was the catalyst for starting it. I agree with those that say its not just margins as the other people selling dont have a clue that stubbs buddies got caught with their pants down. All they see is a price drop and bids getting whacked and they too panic and sell(got to be something wrong). Most investors when they see a stock drop they panic then sell. Not to many will call the company or read these forums they just react. Remember we are sheep and are followers(not all but I'm still in that category myself at times).Then on the other hand if my group starts buying then the average investor thinks something good is going on (cause bids are building and the stock is going up)and they get all excited and buy this is just the stock market for ya. You just watch this forum when there appears to be a lot of bids lining up this forum lights up with excitement. Hope I haven’t rambled to much I just wanted to say the margin squeeze was the cause of our slide and when bidding and buying start it will be the start of our rebound. You have to love this game I personally try hard to help then the next day your a contributor to the problem. Stubbs
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