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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

Calibre Mining Corp > Nice day for the longs
View:
Post by karead on Aug 21, 2024 3:55pm

Nice day for the longs

Eventually, the 7.5 million shares shorted will have to cover. Likely, some of them did today. Still more upside coming. We might take a break around the $2.70 mark, although $3.25 is more logical given where the price of gold is. In past gold bull markets, this would already be north of $5. Still way undervalued compared to normal.
Comment by Dogsbreakfast4U on Aug 21, 2024 4:29pm
My shares are for sale at a much higher price so they can't be used by the shorts to cover. Anyone with a substantial number of shares should do the same.
Comment by Singoa58 on Aug 21, 2024 5:14pm
Toonuts126 has 12 shares  lmfao?
Comment by theCurse on Aug 21, 2024 10:40pm
There are like 780M shares outstanding.  The current short position is meaningless.  Big take away from today is Cormark.  last i saw was 1.5M in crosses.  Covering a short - doubtful.  And buying in for just 10-20% - highly unlikely.  always used to be a good sign when #73 (old name Sprott) was buying.  and not a good sign when selling. I have not posted in ...more  
Comment by theCurse on Aug 21, 2024 10:57pm
forgot to add GOLD IS YELLOW!
Comment by Mako2022 on Aug 22, 2024 12:30am
Welcome back  By the way gold can be white, rose, or yellow fyi. Ill give 24k can only be yellow. With shorts I agree it wouldn't be overly impactful in the thick of things but some with definitely cover if not already.  Welcome back by the way. tv
Comment by Mako2022 on Aug 22, 2024 12:50am
forgot the rarest would be purple , my bad
Comment by Ridgeback on Aug 22, 2024 7:40am
Welcome back Curse you always have some words of wisdom As of yesterday and since the takeover my largest holding in CXB was up 94.94% so for all the nay sayers I think there are a couple on this board the future looks promising with the CXB team. As for the short position I don't see it matters given the pending news releases over the next few week. As for the charts near term? 7 ...more  
Comment by Mako2022 on Aug 22, 2024 9:44am
My wife says I look fantastic with a haircut. Waiting on JP. Gold doing its normal course until, well you all know She's gonna bounce 
Comment by DaveinNL8 on Aug 22, 2024 5:34am
Speaking as an utter idiot, welcome back theCurse!
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