Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

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

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TSX:CXB - Post Discussion

Calibre Mining Corp > Technical 5 years chart !

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Post by SNgu8000 on Mar 08, 2024 7:22pm

Technical 5 years chart !

Classic " head and shoulder " bottom ? I hope I m right with volume last couple months very high ? If it break decisively to upside next few weeks to $2.40 then $2.80 then $5 . Of course depending on PoG keep going up , then the news of drilling on two front and construction on Valentine .....

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Comment by Benedictus on Mar 08, 2024 11:15pm

Agreed, it appears the completion of the right shoulder on very strong volume is occurring. Will require a strong thrust to break the neckline and then likely a back-test but the bigger picture is this reverse H&S is over 2.5 years in the making and has a measured move target of around $3 All imo.

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Comment by Midas53 on Mar 09, 2024 10:31am

If I Read you well, SP will go down; right?

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Comment by SNgu8000 on Mar 09, 2024 2:32pm

Did you read me right ? I DO NOT know , same as shareprice . Could be up if PoG keep going up to $2400 - $2700 and next two quaters CXB beat " mid point " of expectation and drilling news in Nicaragua - Valentine , CXB is already undervalue and had top notch management . And could be down too or hang around neckline if PoG down to $2k or lower . Nothing is certain in market or in life ...more

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