Post by
geezer21 on Oct 25, 2021 1:44pm
This is a win-win
It is very good buy for Fiore shareholders.
Besides getting a buyout price of $1.80 they also get $0.10/share cash and shares in Calibre that are earning $0.33 per share.
Fiore had earnings per share of $0.28, a return on equity of 35.9% and return on assets of 26.4%. Fiore has the second highest return on equity.
Its fundementals is the best of all the gold producers. I updated my table on the fundementals of 27 gold miners just last week.
The highest % returns on equity were:
GBU 46.6
KL 14.22
AEM 11.8
ABX 10.3
NGT 11.42
ELD 3.23
AGI 7.07
IMG 3.83
K 21.6
OR 2.7
WDO 18.91
YRI 4.68
CEE 11.5
Comment by
linvest on Nov 02, 2021 1:26pm
What a deal, all the premium is nearly consumed.
Comment by
bailey2 on Nov 03, 2021 6:53am
Correct me If I'm wrong, but with Fiore, insiders own only 1 per cent of the float and there is no one that owns 10 per cent of the float according to Sedar. If Caliber does not go up in price , Fiore shareholders can vote against the lower premium deal? Or perhaps Caliber will have to sweeten the share exchange ratio or/ and the cash premium?