Member Info for ElectricLion

SPs move about all the time, that's what they do. Calibre's SP is 1.25 CAD @ 551m CAD (324m GBP) MCap right now, but it has been 2.28 CAD within the last year. Not sure about their MCap then, as I'm not sure what dilution they've had recently. Point is, SPs are not static and Calibre's current MCap is not a fixed point in space and time.

Condor's isn't either. Whatever "fair value" you may or may not attribute, the SP will not be anchored to that exact value, just as it's not anchored to 30p now. £1 a share before production is a stretch goal I think it would be fair to say, but a toll deal, plus land bought, plus financing at low-ish dilution, plus gold going higher and sentiment returning to the sector, could be the perfect storm for at least a spike to the £1 area, even if it settles lower. Calibre would presumably also be higher than they are now.

The thing is Simms, we have no idea what's been going on behind the scenes. Your points are all very valid indeed, but I'm sure MC is also well aware of them, and so trying to work out what the issue is, or has been, is highly speculative. It takes two to make a deal, and if it turns out that a deal is now possible (still pretty speculative itself), then it could equally well have been Calibre that have moved their red lines. There have been changes at the top of Calibre recently, book5 on ADVFN has allegedly heard rumors of problems with ore at La Libertad and Calibre's SP is not doing so well either. Anybody's guess what the situation truely is. Us PIs will be the last to know of course.

I felt similar to you tester regarding the liklihood of a toll deal, however to me it seems to have re-emerged as a real possibility.

I haven't listened to the webinar yet, but ICB mentioned that a proposal had been submitted. My gut feeling is that wouldn't have come out of the blue. More likely it's formalising an agreement that has already been made informally.

If it was submitted before Christmas, then that has given Calibre a good amount of time already to turn around and say, no chance, forget it. Assuming it hasn't simply been lost in their paperwork, then they may well be happy with the broad strokes and are now going through it with a fine toothcomb before officially accepting.

All speculation of course, but an announcement could be quite close. As always, time will tell.

I missed it. Is there a link to a recording?

I see your point on inflation-beating assets, and it's a fair point, but my only real point was that, that isn't what most people understand as a quote store-of-value unquote, so using it in that way is likely to confuse. As the Wikipedia article mentions, a store of value is primarily about risk management, not profit. And that's something that most people come to value more as they get older, rather than less.

I think I can cover most of the rest with the rejoinder that past performance is not (necessarily) an indicator of future performance.

Back to the present, and Gold looks to be trying to break out to me...

I'm not sure that a "store of value" is what you think it is. One can only really judge whether it's a store of value or not in the rear-view mirror, and quite a long way at that. (To clarify my meaning, since we usually have different views on timescales - I'm talking decades at a minimum and centuries really.)

"The point of any store of value is risk management due to a stable demand for the underlying asset."
"Cryptocurrency's role as a store of value is currently a matter of debate."
https://en.wikipedia.org/wiki/Store_of_value

https://www.bloomberg.com/news/articles/2022-01-24/world-s-top-gold-etf-sees-holdings-surge-in-bullish-demand-sign?sref=Em01M8Hr

https://www.mining.com/web/gold-stocks-surge-back/

and a cheeky re-post of an article a few didn't appreciate the first time around...
https://behavioralvalueinvestor.com/blog/bubbleburst

Market is in "sell everything" mode. Once the dust settles and the market regains it's senses (until the next manic-depressive episode), we'll be better able to evaluate where we really are. It's impossible to tell on a day like today.

Most news is released ASAP - stock market rules to limit potential for insider trading - but good news would be ignored on a day like today and bad news would be punished.

These kind of circumstances are why one invests in gold in the first place - not necessarily to make money, but at least not to lose it. (Gold-based *equities* are another matter of course!)

The only thing stopping you is you...

Yes, I agree with the liklihood of the closed period. Directors would be prevented from trading by usual insider trading rules if they knew of a bid but the market didn't. After the bid was made public, I'm not sure - that's a whole different ball game, but I guess that insider trading rules could well still be in effect, if the directors were privy to any details or ongoing negotiations that the market was not informed of.

I'm not sure anything is happening specifically, just a bit of a recovery from an arguably undeserved low (along with many other companies in the sector of course). Very early days, but I think I detect a few green shoots elsewhere as well. Fingers crossed.

Despite uncertainties around land and funding, etc, this is, IMO, a very good entry point for the medium to long term, and maybe short term as well, depending on news flow.

Regarding options...

A quick Google suggests that a.) it varies b.) it can be complicated and c.) it may well be up to the purchaser.

https://darrowwealthmanagement.com/blog/asset-management-employee-stock-options-after-acquisition/

Stockready: So when asked a very simple question that should be very easy for you to answer, particularly since you asked another poster to compare your posts against all the "rampers" posts, you can't, or won't? I think that says it all. Thanks for your long and dedicated public service in warning all those naive investors like myself, but I think I've heard enough.

Define "ramper" in your view. Anyone with even a smidgen of positivity? Quote a recent example. I think you're paranoid and seeing "rampers" everywhere. Whether they truely exist or not is another matter.

I have expressed similar sentiments elsewhere in the past, and then, as now, the targets assume it is about "ramping" vs. "deramping", as if it were some childish game. It is not, and to assume it is when I have not said it is, says more about you than me. Therefore I deny the accusation of double standards.

All I really seek is constructive discourse.

In any case, both the positives and the negatives of this share are so stark that it leaves little room for ramping or deramping IMO. The facts, on both sides, speak quite loudly for themselves.

Fevertreeman/Stockready - we get it, we really do. We're not happy either. Not with the SP, not with the raise, not with HA's performance or his style. But we're well aware of that already. Your incessent one-note yammering is not adding anything and in the end it actually harms your argument. You come across as bitter and vindictive.

I have seen plenty of times those with valid viewpoints who are unable to get anyone to listen to them. On the occasions that they actually turn out to be correct (and often that's more by chance than good judgement), they come back saying things like "I told you so, I was right all along, but you wouldn't listen". What they fail to realise was that no-one was listening to them because they were *crap at communicating*. Being right is not enough and repeating the bleedin' obvious over and over gets on people's nerves after a while.

Give it a rest. Say something else for a post or two. You'll get more people to actually listen to you if you vary the tune once in a while. Or hell, just move on with your lives and leave all this mess behind. Walk away. Get some fresh air. Spend your energies on something positive.

As tintin says, they took shares at 0.8p, rather than cash, for salaries owed. That's something. Not enough, I agree, but something. They would want cash if they thought this was dead.

I think it's a bit distracting TBH. If you're so ****ed off that you want the CEO gone, then it's a lot easier just to sell and go somewhere else. As my previous posts have hopefully shown, I'm not defending HAA or his actions in any way, but we have to look at the investment case here and not get bogged-down. Realistically, a placing was on the cards - we had no money. The size and way it was done leave a sour taste for sure, but time to move on IMO.

I have a far more important question on my mind - should *I* stay or should I go, and I am genuinely conflicted on this question. The upside from the assets is appealing, but I am hardly inspired by the current management.

The real question, for the short-to-medium term anyway, is whether TK wil get financed in the next few months. I really don't feel I have a good answer to this fundamental question. Indeed it is by no means certain we'll even be able to hold on to the licenses for long enough to make it happen! I'm inclined to say that if I can't be confident that it will happen, then I'll sell. If I can be confident, I'll stay, at least for that SP spike. What do y'all think?

I'd be very suprised to see a toll with Mako. They're too small. MC has name-dropped Calibre a few times, but not Mako, to my knowledge. In fairness, I'd also be a bit suprised to see a toll deal with Calibre, after all this time, but if MC says it's still possible, then I'll believe him until proven otherwise.

Uncrossing trades can often be a little misleading I find. At the end of the day, it's not a real trade. It made the closing price yesterday look good, but makes it look like a fall this morning, even though real trade prices have barely changed.

Why so aggressive Seingred? It's not all about you. It's also, quite clearly, not about anyone's short-term trading strategy, which means it's definitly not about you, as you don't seem to look much at longer-term trends or investments. For those of us who do however, I think a few might find it relevent or interesting at least. Indeed, the if the bubble is having a good day and CNR is not is actually kind of the point. Bubbles are great, until they aren't...