Post by
metalhead666 on Nov 13, 2023 8:56am
For those with a win, you might want to wait...
Could accept the deal and see how it goes until Jan. If you want out then you could sell and defer the capital gain tax until next year.
There's no arguing that Calibre has been doing excellent and the combination makes that little company in Nicaragura a real player. Solves all MOZ problems and gets the mine built for cash. I can totally see why they did it. MOZ had a giant for sale sign on it for a while. I wish a Canadian miner did the buying.
Could another last minute offer come in? Possibly but not likely. If you're ok owning a mine in Central America that just got a lot bigger and obviously has top notch management....then take the deal and see what they can do as a player. If not then hit the exit and if you can defer until 2024 save yourself the tax bill
Comment by
PianoMan on Nov 13, 2023 9:17am
It is a bad offer for MOZ. I am sure that they are doing it because raising the additional funds was probably going to be done under poor terms. So it will probably be voted. Good deal if you are a CXB shareholder.