Post by
SkyeCairns on Apr 12, 2022 3:44pm
What Gives
Over the last week or so theres been LARGE sellers of CXB. As I write there's 160k @ 1.56, 145k@ 1.60. The Buyers are only 30k per price. What gives?
Comment by
stockmyster on Apr 12, 2022 4:06pm
It's been like this since the buyout of fiore. I believe we have traded over 200 million shares since the buyout was announced. The share price can't get any traction. Take today for an example. There was a positive news release and gold is up over 20 dollars and we ended the day down 2 cents.
Comment by
greendayyyy on Apr 12, 2022 5:06pm
Most of the gold and silver miners collapsed in the afternoon. Gold and silver miners have been underperforming for nearly two years. I totally agree with what tootall123... wrote. As for CXB, my next target price is $2 in early June. Only a question of patience.
Comment by
edx on Apr 12, 2022 8:49pm
EPS will outperform in Q2 due to price of gold and full integration with Fiore. Grade increases will supplement that. Earnings will move the SP and continued conversion of resources to reserves will increase the important EV measure.
Comment by
SkyeCairns on Apr 12, 2022 4:54pm
Thanks for the input. That makes some sense.
Comment by
geezer21 on Apr 12, 2022 10:08pm
Yes. They got it wrong. I saw it as an opportunity. The Fiore induced sell off came to an end at the begining of February and has been trending up every since with some volitily in reaction to swings in the price of gold. Check out the chart. Since the begining of Febrary CXB has been on the upswing along with the price of gold.