The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Calibre is a superiorly managed company. And one of the lowest valued and fastest growing gold producers in the world. Still way too cheap, although the price has already tripled since the lows. I wouldn't mind if they bid for us, but I wouldn't bet on it.
Sold 10 k around my entry point, the remaining shares are up approximately 150% . LIFO :-). As I said before I am not convinced we will reach new highs in Gold easily in 2021. I have therefore positioned myself much broader than before. Still more than 50 % in some Gold projects, which I consider promising. Have a nice weekend
I held 20 k one year ago. Got only 10 k left. Sold to reduce my huge Gold and Nicaragua exposure. I think management is doing quite a good job and I like their Hub and Spoke approach. Valuation is very cheap and they have good upside potential considering their huge drilling programs. I think they can increase production significantly in the next few years. With or without Toll Milling
I had a maximum of 150,000 shares here, which I reduced over time to only 30000. I made a good profit and wanted to reduce my risk in Nicaragua and gold, among other things. As I have said before, I am convinced that the price of gold is being massively manipulated and that this will continue for a long time to come. But I also had other reasons that had something to do with MC. All in all, I don't think he did a bad job. What bothered me more and more, however, was the last raise that pretty much diluted us at a very bad price and lot of warrants...and the fact that nine months later we still have nothing what this money was supposed to be intended for:
- no 100% possesion of the surface rights
- no decision on the size of the project
- no deposit for the mill
- no toll milling we have been talking for two years now
Will keep my core holding, but really think we need a time line how this project will come to frution, and some proof MC really wants to build the mine….GLTA
I don't have bitcoin, and I think gold has a much greater strategic importance. The manipulation has been seen frequently in recent months. I believe that this can go on for a long time, as paper gold is Unlimited and Commercial Banks make a hell of Money by shortening gold. Of course you're right, I don't know exactly what the safest investment is. I still have some other gold projects in my portfolio (Calibre and some Canadian projects). I just want to better diversify, for I think Gold is a safe haven, but nothing is sure nowadays. Bought some Uranium stocks among other things.
I sold 30 k around 50 p last week for various reasons. Primarily to reduce my (huge) exposure on Gold and Nicaragua. I do not believe in much higher Gold Prices, as the market is tiny and easiliy manupulated with paper Gold by COMEX and Commercial Banks. And I do not believe this will change in the near future. I did not like MCs conviction about much higher Gold Prices in 2021 in a recent interview.I felt he thought time was to our advantage. I'm a little more cautious about that because there are too many interests not to let gold rise. Nevetheless bought some physical last week. GLTA
nothing new, but very interesting talk about financing around 7:00
htTps://youtu.be/jFyRZFIbCvA
You are right, but market is not easy nowadays. Gold is heavily managed by COMEX and Central banks. Not sure they can hold this down any longer, but they will try. Good to sit on something unbelievably precious even if Gold was at 1500 USD. I have some other Gold shares, but most comfortable on this one....GLA
the first time Calibre says a word about possible toll milling in LIBERTAD
From: https://ceo.ca/@nasdaq/calibre-releases-multi-year-production-and-cost-outlook
LIBERTAD COMPLEX: OPPORTUNITIES
The cumulative, five-year after tax cashflow is estimated at $216 million ($1,500 gold) and $319 million ($1,800 gold). The scenario is based on an average mill throughput rate of 0.7 million tonnes per annum, leaving approximately 1.5 million tonnes of surplus annual mill capacity as a significant opportunity for organic growth via further conversion of Mineral Resources, exploration success, artisanal ore purchases or toll milling.
I never believed in toll mining with Calibre, or better to say in a 50/50 solution. Now I say, the ducks lined up and it is now or never:-). we will see on tuesday. I think anything is possible , perhaps JV..
maybe toll milling let us say 65/35 in Calibres favour
Calibre taking a stake we use for funding
or maybe just some bad coincidence, but not sure anymore.
What I am sure, if we get some early cashflow we will double within one month...at least...
I agree with all of your points, EL and condorquestion. Except your view on toll milling.
I think it is win-win. But win for Calibre and Jackpot for Condor.
This is why I do not believe it will happen, and why I think we talk about it for too long now, never heard a word from Calibre about it, by the way... We need a clear route how to develop this mine, if we cannot generate early cashflow, we will have to dilute, better than sit and wait and let this bull run in gold pass by
Hi FOREMAN, this is what I meant by bad raise. Large discount, and most likely the shares went to the MM. Just have a look, what SP did 2 days before the raise. My only und last AIM stock i have ever bought, will never do again...still our ASSET IS WORLD CLASS....GLTA