Calibre Mining Corp T.CXB

New Issue lead broker is BMO

[1northumberland]

Why can't BMO suppprt this stock at issue - $1.68?

So much for BMO being a player imo

[theCurse]

Seriously - you are worried on day 1 after the financing that it fell below the financing point? The reason for the sell-off is that it appears the financing (at a decent price and NO warrants) is due to needing even more funds than previously indicated to finish VL.  *That* is the downward pressure - not the financing itself.   Financing was clean - no warrants.  50 day

[Ridgeback]

Curse. Always a good post. BMO buying.

[DaveinNL8]

Another favourite meal for the grazing moose. Why is Gordan Ramsay weeping? He just learned about Jiggs’ Dinner - The Beaverton

[Ridgeback]

I don't disrespect anyone on this board. We all have a steak,mmme good taste but a little spice may help, as for in the Game. Understand most see this issue as wrong dilution. Contrary, it is a vote in favour with little investors like us whining. Go for it and build it out! Best Regards, off for a few days.

[edx]

I only see one longtime CXB shareholder complaining, but that's his default position on everything since he started posting here years ago. So it looks like there are quite a few skiddish ex-Marathon shareholders unhappy with the financing, which is weird because imagine Marathon had to raise this kind of money on its own - shareholders would have easily been looking at a minimum of 50

[BGraham2]

Hear, hear edx, hear hear!! Many don't believe in gold move to 3k yet 

[edx]

Almost every bought deal financing I've seen has resulted in the price dropping to the financing price. Why wouldn't it? An arbitrager that has access to the bought deal can either sell long shares they own or short for a profit at any price above the bought deal. So I disagree with you - I think the price action is entirely due to the financing (not that it matters). The financing was

[theCurse]

I completely understand how arbitrage works.  For months before the MOZ/CXB deal closed, MOZ was usually 1-3 cents behind the ratio.   And i realize every PP/financing causes a short term hit. CXB has been above 1.68 for only 10 trading days with no discernable change in daily volume so highly unlikely much of a short position was built.    not doubt there is minor

[edx]

In markets controlled by bots where scalping fractions of pennies is the norm I'm not sure how you can think this isn't being arbitraged. Don't think it'll last too long since there is a limit on the number of shares available and likely pre allotted to different houses, but until there is no more allotment there is every reason to short at $1.69 or any price higher to any willing

[theCurse]

I am thinking the significant portion of the financing was taken down by investors/entities having no interest in arbitrage.  that is my point.  I have no idea about your questions regarding GDX,  and intially i figured you did and are being smug but on second read i doubt that or you would have just educated us.   So here is my ignorant thinking.  CBX does not make

[tannin]

Agree theCurse........my heavens, a 100 million bought deal, no warrants, reasonable price......it's all good.