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Fiore Gold Ltd. (FIOGF)

Other OTC - Other OTC Delayed price. Currency in USD
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1.2200+0.0800 (+7.02%)
At close: 3:58PM EDT
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  • S
    Steven
    next earnings report will be sky high. Long and looking to add!
  • R
    Robert
    Pikn it up on d dip
  • E
    Earf
    Yesterday a new ATH and i am sure that is not the end....Love this stock....its absolute undervalued and only a few people are interressted in it...perfect to climb every week
  • A
    Audris
    why is this stock so much under radar ? it have so much potential
  • T
    Tate
    I have have been posting about this company for a long time. Two names are all you need to know about this company. Tim Warman and Frank Giustra. The CEO and the money man behing the company. If they can keep the strip ratio at 1:3 to 1, and update their reserve base with the current North Pit drilling program, this company should do extremely well. At some point, Kinross has got to realize that this is a company they needs to be under their ownership, and take them out. Especially once Gold Rock gets to the point of a construction decision.
  • M
    Mark
    Great management. Gold is the perfect stock for this time in history. Based on projections they are $3 EOY, regardless of recession. This could be a $8-10. Wow. Rare to have a team come through like this. Thank you. Been holding since .34
  • T
    Tate
    I think this company and stock is a diamond in the rough. I love the management team, and they are creating free cash flow from the Pan mine. Enough to fund Gold Rock to the point of a construction decision. No Debt, approximately $10M in cash, and only 97M shares outstanding. The only knock on this company is there current strip ratio, at about 1.8 to 1. Once that strip ratio gets back to around 1 to 1, this stock should get noticed in a big way. You have Kinross and the olive oil man backing this company. In my opinion this is a great opportunity for anyone looking to invest in the junior mining space.
  • M
    Miller
    FIORE GOLD DELIVERS BACK TO BACK QUARTERS OF RECORD GOLD PRODUCTION AND IMPROVING LIQUIDITY

    August 28, 2019

    Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce that its financial statements and management’s discussion and analysis for the third fiscal quarter (“Q3 2019”) ended June 30, 2019, have been filed with the securities regulatory authorities and are available at www.sedar.com and on the Company’s website at www.fioregold.com.

    Q3 2019 Operating, Financial and Organic Growth Highlights

    (all figures in U.S. dollars unless otherwise indicated)

    Operating Highlights

    - Record quarterly gold production of 11,685 ounces, a 9% increase over the preceding quarter
    - Mined ore production in fiscal Q3 above plan at approximately 14,114 tons per day (“tpd”), with the stripping ratio at 1.7
    - 22,638 man-hours worked, achieving our goal of zero reportable incidents, zero reportable accidents, and zero lost-time injuries. Currently the operation is at 1,138 consecutive days of attaining this Triple-Zero achievement
    - The operating team at our Pan Mine has received the Small Mine Safety Award from the Nevada Mining Association for the fourth consecutive year, 2015, 2016, 2017 and 2018
    - Q3 2019 Pan Mine AISC1 per ounce sold of $985 and cash costs per ounce sold1 of $928, compared to Q3 2018 Pan Mine AISC1 per ounce sold of $952 and cash costs per ounce sold1 of $826
    - Q3 2019 Fiore consolidated AISC1 of $1,120 per ounce sold compared to Q3 2018 of $1,087 per ounce sold

    Read more at:
    https://fioregold.com/fiore-gold-delivers-back-to-back-quarters-of-record-gold-production-and-improving-liquidity/
    Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR
    www.sedar.com
  • T
    Tate
    FIOGF hitting it's stride right now. Go back to my older post. Once the Pan Mine gets down to a strip ratio of 1.5 to 1 or better, this stock is going much higher. We are still at 1.8 to 1, and that ratio is expected to come down in the next two quarters, which should equate to 13K+ ounces per quarter, and lowering AISC at the same time. With the updated Golden Eagle resource base, and Gold Rock pushing forward, this is by far my favorite junior junior in the gold mining sector right now.
  • M
    Miller
    VANCOUVER, BC / ACCESSWIRE / July 16, 2019 / FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce preliminary production results for the Company’s third fiscal quarter (“Q3”) ended June 30th, 2019 for its Pan ope
    VANCOUVER, BC / ACCESSWIRE / July 16, 2019 / FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce preliminary production results for the Company’s third fiscal quarter (“Q3”) ended June 30th, 2019 for its Pan ope
    www.accesswire.com
  • k
    kristof.naessens1
    Fiore Gold CEO Explains Growth Strategy and Production Techniques.
    https://www.youtube.com/watch?v=2ORpGa7e44M
    Site visit at Fiore Golds (F:TSXV) newly producing Pan Gold Mine. Fiore's President and CEO, Tim Warman, walks us through the production process and explains...
    Site visit at Fiore Golds (F:TSXV) newly producing Pan Gold Mine. Fiore's President and CEO, Tim Warman, walks us through the production process and explains...
    www.youtube.com
  • J
    John
    this thing is soooooo underevaluated. Share price at fair value 30 bucks.
  • M
    Miller
    VANCOUVER, BC / ACCESSWIRE / June 19, 2019 / FIORE GOLD LTD. (TSX-V: F) (OTCQB: FIOGF) ("Fiore" or the "Company") is pleased to report that a 10,000 m (30,000 ft) drilling program has commenced at its Gold Rock project in Nevada in support of a Preli
    VANCOUVER, BC / ACCESSWIRE / June 19, 2019 / FIORE GOLD LTD. (TSX-V: F) (OTCQB: FIOGF) ("Fiore" or the "Company") is pleased to report that a 10,000 m (30,000 ft) drilling program has commenced at its Gold Rock project in Nevada in support of a Preli
    www.accesswire.com
  • M
    Miller
    Fiore Gold to Reach $1.63-$1.67 by Year-End!
    www.inflation.us
  • k
    kristof.naessens1
    Fiore Gold is cheap and I was surprised by the upside
    by @

    A marketing guru might cringe at that headline but I write what I think and am not going to be a showman in an article. Here are my thoughts on Fiore Gold $F-v. This is a producer of 40k-45k ounces via heap leach in Nevada. Market cap is $42m CAD at market close yesterday. It has shares outstanding of 97.8m. Warrants ($1.70 strike and above) of 22m, CAD options of 4.9m (about half with strike above $1) and USD options of 3.9m (strike of 80 cents and above). The fully diluted share count then is likely in the low 100m range for the effective future.

    I spent some time in Vancouver recently and met up with a lot of different people known to the community. One of them was talking about Fiore with a friend and honestly, I mentally shut off my mind to the conversation for about 30 seconds to begin with and thought about the past. I wasn’t really invested in Fiore in 2018 but did have very small exposure to it for a matter of weeks before seeing the chart break down. I took a small loss and moved on. I do recall around that time though that a few friends probably took bigger losses than I did on it and that was that and few people really brought up Fiore afterwards. It happens - we've all got a list of trading mistakes in the past. So that was the first thing that jumped into my brain. But, I will listen to any stock idea and I filed it away and did some work later that night – and I was surprised enough that I wanted to talk about it and see what others thought.

    What follows is a bit of a rundown of the chart and recent trading then I will swing into my thoughts on Fiore.

    The first thing I did was run a chart of the past couple years to just set the scene in my mind. I was immediately drawn to the 42-43 cent area as an area that has mostly served resistance in the past. The stock was currently trading right around that level with the RSI in low 30s after dropping a lot the past month. Interesting. Current chart attached with line drawn through former resistance. The initial questions I had last weekend were, what has caused the dip and will the current area hold?

    I ran a weekly chart as well after this week’s close which follows below. So far, it looks like the 42-43 cent area is holding up nicely. The stock is mostly staying above the 43 week EMA to this point. It did briefly dip below this level once during intraday trading a couple weeks ago. I can tell you that my broker sat on the bid at $0.425 on Monday the 16th and Tuesday the 17th and GMP finally obliged near the end of each day after hitting the 43 cents and higher bids earlier each day. I bought 43 cent shares myself on Thursday being satisfied that any and all bids weren’t immediately getting hit. I of course do not know if the GMP client(s) is out of shares to sell now.

    Why is knowing that maybe there was limited supply down around these levels important? Well, I don’t really want to see the chart breakdown much further, even if I feel there is an ace in the hole if it does. What has been responsible for the drop in share price the past month? GMP’s trading is interesting – in the past month, they have sold 800k shares and bought….0 shares. Anonymous has sold ~3.5 million shares while buying ~2.5m. Net -980k. Not typically a great sign that Anon and GMP would be selling. Haywood, on the other hand, has bought ~720k while selling ~50k..net 670k. Okay, that is better. Now, if a big holder still wants to go and blow up the chart they can do so. As one notable non-retail investor once said here “I don’t read charts, I make them.” But, I think this stock is very cheap so let’s file this chart and trading stuff away for now and talk about the story.

    I mentioned an ace in the hole. Fiore Gold is not an explorer with a one way downhill path on cash flows. F has working capital of $22.3m USD at the end of June 2019. That is $29.7m CAD when converted. So this producer of 43-44k ounces is trading for $12m CAD above its working capital position. On paper, that further interested me when coupled with my look at the chart.

    When you dive into the Pan mine, you quickly realize this isn’t a ultra low cost producer by any means. The produced ore grade is reported as .015 oz/t in the first 9 months of 2019. I think most of us operate mentally in grams per tonne. That is approximately .47 g/t. I’m sure a few people are reading right now and going, wait, you can make money mining at that level of grade? I guess my answer is that you can do okay if your deposit is amenable to heap leach if gold is $1300. But, what if you think $1500 gold might be around for a while? Higher gold prices really benefit those companies that were making $0-$100 an ounce at say, $1300 gold. Their profit per ounce jumps a lot as you move up the gold price food chain. Let’s pretend for a minute that $1500 gold is here now and nothing else changes. Let’s peg 2019 production at 43,000 ounces and say that is the norm. Let’s call t
  • M
    Marc
    Great news today! Q3 Cashflow with 8 Mio. USD is almost 1/10 of the market cap (88 Mio. USD). Insane! That means just ten quarters and the whole market cap is financed... but remember: the production is just about to increase. So the cashflow might be higher in the future quarters... Did I miss something here? Seems undervalued
  • M
    Mark
    FIORE GOLD ANNOUNCES Q3 2018 RESULTS – ANOTHER STRONG QUARTER OF GOLD PRODUCTION AND OPERATING CASH FLOW – Fiore Gold Ltd.
    fioregold.com
  • A
    Audris
    why is this stock so undervalued ?
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