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Bullboard - Stock Discussion Forum 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... see more

TSX:CXB - Post Discussion

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Post by IgnacioCashmere on Oct 26, 2022 8:47am

Risk

The risk here is that Treasury or SEC will suspend trading of CXBMF. If you own CXB there is no risk to you. A suspension can last indefinitely, leaving holders with no avenue to sell. The value, earnings, & cash flow have not & will not change for Canadian shareholders. American institutional owners are likely the source of the dumping of shares, they cannot risk the chance of 100% loss. Sanctions for as long as Daniel Ortega lives is in effect a total loss. Retail investors in junior mining on the other hand are willing to risk 100% loss, we do it every day. Every Canadian junior miner I buy carries a risk of 100% loss, it is managing risk to achieve a higher ROI on the whole that we seek, & we must take higher risk to acquire a higher return. I am a buyer as a trader here, because I believe the selling is over done. Treasury will take their time before disclosing whether trading in CXBMF will be suspended. That gives time for fat cat friends of government to exit. But I am willing to put my money that CXBMF won't be halted or suspended.
Comment by Vinnie3 on Oct 26, 2022 9:02am
With due respect I believe that risk is 0. We must read carefully the words , it is Ortega's government gold arm that is targeted, they sell gold in the US and make him money but the US is not targeting CXB. Ortega gets less money from his mines. That's it. The US dont want to punish the people nor the foreign entities like CXB.  My God the shorts have a great time making money on ...more  
Comment by tootall123 on Oct 26, 2022 9:06am
Excellent post there IgnacioCashmere, Thanks....     GOLD IS KING....  
Comment by kcac1 on Oct 26, 2022 9:29am
That is almost zero risk imho.   The State Department should not be interested in targeting US investors in a Canadian stock that has some operations in the US. and even if they were somehow allowed to close down the US OTC trading of the stock, most US houses have either a seat on the TSX or an International Desk to call and trade the stock  That highlighted article posted by Vinnie ...more  
Comment by Vinnie3 on Oct 26, 2022 11:24am
Well KCAC that was very instructive, at least the money is moving to to banks. I am always amazed how a massive raid by shorts leaves scars, something akin to a whipping, then once they untie you from the tree you have trouble walking at first but you will heal and come back. This is what will happen with CXB and I just bought a lot of shares because now the bet has 3-1 odds of going up .40 to $1 ...more  
Comment by gossamer12 on Oct 26, 2022 12:10pm
This post has been removed in accordance with Community Policy