Q: You last answered a question on CXB in November in which you said that CXB's 4th quarter earnings would be key in assessing the comp;any. Those earnings are now out. What do you think?
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Investment Q&A
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Q: The last time you answered a question on Calibre Mining was in 2013. I take it they have since taken control of the Nicaraguan mines from B2 Gold which seems to be an accomplishment in itself. It is still a penny stock. How would you rate it as an investment?
Q: Hi Peter and 5i: B2 Gold (BTO) and a tiny exploration partner, Calibre (CXB), issued a release today confirming that BTO had completed the expenditure required for a 51% earn-in on their joint exploration property in Nicaragua, set a $2m budget for further drilling etc in 2013, and disclosed some recent drill results on the property. The result was that CXB tanked by 40%. Can you explain the market reaction on this one? Thanks!