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I'm taking some off because i'm sick of sitting on this thing. But it appears they will be forming a larger, mid-tier mining company with good assets. But I'm not sure I'm willing to stick around to see what happens. I'd like to see 1.80 and maybe I'll keep a few, but most of my shares will be sold by that time I think.
Even with the news, there are sellers at 1.30 CAD. I don't get it.
Fiore getting acquired by Calibre
Transaction Details
Pursuant to the Transaction, Fiore shareholders will receive 0.994 of a Calibre common share and C$0.10 in cash for each Fiore common share held (the “Consideration”). The Consideration implies C$1.80 per Fiore common share, a premium of 44% based on the closing prices of Calibre and Fiore common shares on October 22, 2021 and a premium of 36% based on the volume weighted average prices of both companies for the 20-day period ending on October 22, 2021. Existing shareholders of Calibre and Fiore will own approximately 78% and 22% of the combined company, respectively.
Full details of the Transaction will be included in the respective management information circulars of Calibre and Fiore, expected to be mailed to shareholders in mid-December 2021. Both shareholders’ meetings and closing of the Transaction are expected in January 2022.
https://mailchi.mp/f09423909c78/calibre-announces-acquisition-of-fiore-in-nevada-creating-a-diversified-americas-focused-growing-mid-tier-gold-producer?e=99f493fd3a
.10???? That's bonkers!
OT: ATLY revs appear to be solely from lead and zinc concentrate sales. The recent production report says " Altaley will have funding available to finish construction of its 1,000 tonne per day processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at Tahuehueto. The Company is targeting initial pre-production by end of 2021 and ramping up to full production capacity during Q1 2022."
Anyone who wants to chat about FIORE come over to CEO.CA. It's just me talking to myself LOL!
https://ceo.ca/f.v
So far it hasn't held so not out of the woods yet.
Why are you here. If you own no shares please leave. Told-you-sos don't help the board.
That solves it then ;o)
Added more today. This is getting out of hand.
Clinton?
Yep. And shares are back on the ask. Can't get rid of these sellers. IMO they were ready for the email.
Market by price
Price Total volume Value
1.340 1,400 $1,876
1.330 3,200 $4,256
1.320 100 $132
1.310 7,100 $9,301
1.300 20,910 $27,183
1.290 600 $774
1.280 37,850 $48,448
1.270 41,900 $53,213
1.260 57,800 $72,828
1.250 24,800 $31,000
-------------------------- BID/ASK
1.230 105 $129
1.220 100 $122
1.210 300 $363
1.200 12,300 $14,760
1.190 20,100 $23,919
1.180 29,600 $34,928
1.170 600 $702
1.160 10,600 $12,295
1.150 12,454 $14,319
1.140 1,800 $2,049
Volume coming in. Not sure why.
I agree. I think we'll be rewarded in the future.
For sure. But someone is still selling shares. We can't get them outta the way.
It's great news, IMO. It shows we're on the right track at Gold Rock and it should boost production if we ever get to that point to create a mine there.
We are SOOO undervalued, IMO.
Canadian holiday so easy to manipulate today. Hoping they're holding this for a buyout and not for something negative.
There are a lot of sellers in place. Not sure if insiders are selling or who it is, but something is holding this back.
Saw that email. KILLIN IT!
260,000 shares on the bid at 1.24 CAD this morning. NICE!
Been holding a LONG time. Haven't seen anything from the company in a while.
Agreed. Seems like all the money is going to the explorers that are finding big gold. Maybe someday we'll be noticed.
Great news. Wonder what it's gonna take to move this damn thing?!
Same here. Just odd to have big volume like that out of nowhere without any news or obvious newsletter pump. Hope it's the start of something good. GLTY.
Given the volume and price falling apart throughout the day my guess there was a pump to let someone get out. *SHRUG*
Volume and price increase. FINALLY! Was something released or a pump?
This is a great update. Overall progress continues to be made to bring Gold Rock online and grow gold OZs. Fiore is a hidden gem if there ever was one.
Didn't even see this. Thanks for the post, dc!
Nice. Don't understand why we're not getting more love. I may need to buy more down here.
That's the hope. Coat-tails of NFG. See what happens. I'm in just in case it blows up. GLTY.
Grabbed a starter today.
We're just not as good as you, glider. ;o)
Personally, I'm clueless when it comes to working with your cycles/markers so I can't contribute at all, other than reading charts. You and your crew seem to have a great system that nails potential lows and highs. Kudos.
27.35????
Forgot about this agreement. Definitely seems positive.
Looking better. Nice adds recently.
Problem is banks control the price of gold so if they want it to go down it likely will, regardless of what happened before. If the POG wasn't controlled so much we'd be seeing MUCH higher prices, IMO.
Not sure if you're still in this one, Seek, but I'm adding at .07. $8m MC is a joke, IMO.
Topped off my positions this morning. Couldn't pass up .07 pre-split.