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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Caledon Res. | CDN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 111.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 111.25 | 111.25 |
| Top Posts |
|---|
Posted at 05/8/2011 10:54 by skweaker Well, at least the CDN price is holding up pretty well!! Who'd have guessed the long drawn out saga of the takeover would end up saving us money... |
Posted at 20/7/2011 15:06 by skweaker SpightsyYou will probably have more success contacting Mark via Stockopaedia as he tends to be a lot more active on there: (You may have to register but it's very simple). Mark also puts up a number of other investment ideas/themes on there which are certainly worth reading. ...and while I'm on, many thanks for your optimism and support for CDN over the years. I have rarely posted but have been holding/following since 2005, and it's been a rocky, but ultimately worthwhile road. Onward and upwards with Polo! |
Posted at 24/6/2011 10:38 by phillis so it's bye bye CDN ans SpightsyNot much of a business at all but in the end I suppose shareholders will be happy they came out ahead of a failed business model |
Posted at 22/6/2011 17:39 by basil of omaha hey spightsy,hope all ok. I have to admit am almost out of cdn now....a lot has gone to POL! this has gone on for ever... |
Posted at 15/6/2011 11:36 by ps0u3165 Been waiting what seems like ever to see that spights (yehaaaa). So 3 weeks to obtain cdn board approval and finalise by GRAM if they are happy with their terms of its financing for the Possible Acquisition, happy Days. |
Posted at 10/6/2011 14:55 by dizzylizzy2 spights - I rarely look in these days. I hope things here concludes shortly and POL get the deserved rerating. I'm in there with a small holding but intend to incr it when the CDN deal finally goes through. |
Posted at 05/6/2011 18:41 by spights Hi Mark I had a very good break thankyou :o) My holding in CDN is small now. I put the money into Polo. Excellent news that you hold Polo.We have exciting times ahead with them.Did you see the e- mail I received from Ironstone? Looking forward to the coming week.Good Luck.Maureen;o) Following receipt of the SASAC approval, Bidco, GRAM and Caledon have now entered into a new Non-Solicitation Agreement on the same terms. The new Non-Solicitation Agreement will expire (i) on 15 June 2011 if the Acquisition Announcement has not been made or the approval set out below is refused or cannot be obtained by that date; or (ii) if the Scheme terminates or lapses in accordance with its terms or, as applicable, the Offer is withdrawn by Bidco (with the consent of the Panel, if required) or lapses or the Non-Solicitation Agreement is otherwise terminated in accordance with its terms. |
Posted at 31/5/2011 11:08 by dizzylizzy2 spights - i must say this is going on for too long now and is creating a drag on Polo i believe, the latter being a good price for those who want exposure to the CDN sale. |
Posted at 11/4/2011 07:06 by spights Update on potential acquisition Share this article TIDMCDN RNS Number : 6489E Caledon Resources PLC 11 April 2011 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 11 April 2011 Caledon Resources plc (AIM: CDN, ASX: CCD) Potential Acquisition - update on Chinese regulatory approvals Introduction On 8 November 2010 the directors of Bidco, GRAM and Caledon announced that agreement in principle had been reached with GRAM on the terms of a Possible Acquisition of Caledon by Bidco, a wholly owned indirect subsidiary of GRAM. The parties are pleased to announce that GRAM has now received formal approval for the Potential Acquisition from the State-owned Assets Supervision and Administration Commission ("SASAC") on behalf of the Guangdong Province. GRAM is actively progressing approvals with the remaining Chinese regulatory authorities. In light of this development, the parties are in discussion regarding a renewal of the Non-Solicitation Agreement. Status of pre-conditions The announcement of 8 November 2011 stated that any announcement by GRAM or Bidco of a firm intention to make an offer for Caledon pursuant to Rule 2.5 of the City Code was subject to satisfaction or waiver of a number of pre-conditions. Following receipt of the formal approval from SASAC, the following pre-conditions remain to be satisfied: i. the unanimous recommendation of the board of Caledon of the terms of any such offer, having been advised by RBC Capital Markets that the terms of such an offer are fair and reasonable; ii. the receipt of all necessary approvals from regulatory authorities in China relating to the Possible Acquisition, including the following: o project approval for outbound investment from the National Development and Reform Commission of China on behalf of the State Council; o approval for outbound investment from Ministry of Commerce of China; and o approval for the remittance of foreign exchange out of China from the State Administration of Foreign Exchange of China; and iii. finalisation by GRAM of the terms of its financing for the Possible Acquisition. Mr Li Jinming, Chairman of GRAM said: "The receipt of the SASAC approval is a very positive step forward in securing the necessary Chinese regulatory approvals. GRAM remains committed to working with Caledon to complete the possible acquisition of Caledon as soon as possible and our financing banks remain supportive of the possible acquisition. We continue to actively engage with the regulatory authorities in China." General All defined terms in this announcement shall have the same meaning as those contained in Caledon's announcement of 8 November 2010 falling under Rule 2.4 of the City Code |
Posted at 28/3/2011 07:33 by spights TIDMCDN RNS Number : 6545D Caledon Resources PLC 28 March 2011 28 March 2011 Caledon Resources plc ("Caledon" or the "Company") Cook Mine Resource and Reserve Update -- 13% increase to the Coal Resource estimate (from 406 million tonnes to 460 million tonnes) -- 115% increase in the Marketable Coal Reserve estimate (from 22.2 million tonnes to 47.7 million tonnes) Australian coal producer and explorer Caledon Resources plc (AIM: CDN, ASX: CCD) is pleased to announce a 13% increase to the Coal Resource estimate (from 406 million tonnes to 460 million tonnes) and a 115% increase in the Marketable Coal Reserve estimate (from 22.2 million tonnes to 47.7 million tonnes) for the Cook coking and thermal coal mine in Queensland. Both estimates are reported in accordance with the 2004 version of the JORC Code and for clarification the Resource total is inclusive of the Reserve. Cook Coal Resources(1) - Million Tonnes Coal Thickness >1.5 Coal Thickness 1-1.5 m m Combined -------------------- Measured Indicated Inferred Measured Indicated Inferred TOTAL ---------- --------- --------- ---------- --------- --------- 86 89 225 4 16 40 460 ---------- --------- --------- Cook Marketable Reserves(2) - Million Tonnes Coking Coal Thermal Coal Combined -------------------- Proved Probable Total Proved Probable Total TOTAL 8.4 28.4 36.8 1.4 9.4 10.9 47.7 ------ --------- --------- 1 The information in this announcement relating to the Cook Coal Resource estimate is based on information compiled by Mr Yoga Suryanegara who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Suryanegara was a full-time resource geologist employed by Caledon at the time of the resource estimation. Mr Suryanegara has more than 13 years' experience as a coal geologist in the resources industry involving exploration and evaluation assignments at operating coal mines and coal exploration areas in a number of coal basins throughout the world. With this level of experience, which is relevant to the style of mineralisation and the type of deposit under consideration and to the activity which he is undertaking, he is adequately qualified as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves - The JORC Code, 2004 Edition (Effective December 2004) and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The information compiled by Mr Suryanegara has also been independently reviewed. 2 The information in this announcement relating to the Cook Coal Reserves estimate has been compiled by Mr John Grieves, a full time employee of Caledon Coal Pty Ltd. Mr Grieves is a qualified Mining Engineer and Member of the Australian Institute of Mining and Metallurgy. Mr Grieves has nine years of practical experience in the assessment of reserves in underground coal mining. Mr Grieves has suitable qualifications and sufficient specific experience in the estimation of Australian coal reserves to qualify as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves - The JORC Code, 2004 Edition (Effective December 2004) and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. For further information, please contact: United Kingdom Caledon Resources plc Jeremy Gorman +44 (0) 20 3178 5486 RBC Capital Markets (NOMAD & Broker) Martin Eales +44 (0) 20 7029 7881 Tavistock Communications (PR Adviser) Jos Simson/Emily Fenton +44 (0) 20 7920 3150/+ 44(0) 7899 870 450 Australia Caledon Resources plc Mark Trevan +61 7 33093103 About Caledon Resources plc Caledon Resources plc is a dual listed public Company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: AIM:CDN & ASX: CCD). On 8 November 2010 the Company announced that it had reached an in principle agreement with Guangdong Rising Assets Management Co., Ltd (GRAM) on the terms of a possible acquisition of Caledon by Guangdong Rising (Australia) Pty Ltd, a wholly owned subsidiary of GRAM. Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology. The Company also purchased the nearby Minyango exploration concessions in 2006 and has completed a prefeasibility study on a potential underground coking and thermal coal mine. Rule 2.10 The following information is given in accordance with Rule 2.10 of the City Code. Caledon has in issue a total of 278,633,849 Caledon Shares, the ISIN for which is GB00B1GJZT14, and Caledon CHESS Depository Interests ("CDIs"), the ISIN for which is AU000000CCD9. Each CDI represents the full beneficial interest in one underlying Caledon Share. The Caledon Shares are admitted to trading on AIM and the CDIs of Caledon are listed on the Australian Stock Exchange. Caledon also has in issue GBP4.2 million 8.5 per cent unsecured convertible loan notes due 2013, the ISIN for which is GB00B61JLC69 and which are traded on the Channel Islands Stock Exchange. Disclosure requirements of the City Code Under Rule 8.3(a) of the City Code, any person who is interested in one per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the Offer Period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10(th) business day following the commencement of the Offer Period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10(th) business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure. Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in one per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129. This information is provided by RNS The company news service from the London Stock Exchange |
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