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 > No Sense.

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Post by Bentouttashape on Mar 19, 2024 11:08pm

No Sense.

This bought deal offering makes no sense to me. Why would cxb need to raise a 100 mil, when they are already likely sitting on over 100 mil in cash after this quarter. All this does is likely lower the stock price for a while and screws existing and long time shareholders. Is it possible that building the new mine in Newfoundland is costing a lot more than anticipated. Just some unanticipated occurrences in the past week. All the share volume last Friday and this a couple days later.Offering a couple days later. Just seems like something else afoot.

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Comment by theCurse on Mar 19, 2024 11:15pm

Sure it may be a good deal for those buying but make hay while the sun shines. Nothing goes straight up. "screws existing and long time shareholders" - that is an incredibly overly dramatic statement! you've had ample time to buy all you wanted below 1.68 recently!! hf - your head would have blown off if you were a MOZ shareholder when CXB bought them ...more

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Calibre Mining Corp