Gold vs US Dollar

Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Get Started

CDN Caledon Res.

111.25

0.00 (0.00%)

03 May 2024 - Closed

Delayed by 15 minutes

Caledon Resources Investors - CDN

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

more quote information »

Top Investor Posts

Top Posts
Posted at 05/6/2011 17:53 by marben100 Hi Spightsy... rather sceptical over that link. Though "bashing" may go on, I am interested to note that "Gene Savin" specifically names Nighthawk and Nostra Terra. Now, I know nothing about Nostra Terra (though I've heard negative reports about it from people I know and trust in the real world) but I do know Nighthawk rather well - and lost money on it. But that was nothing to do with bashers, rather the company promised the earth (repeatedly) and has so far delivered nothing (other than writing off very large sums of investors' money). Those that were posting sceptically about Nighthawk (including me since early 2009 when I exited) turned out to be right - and I have since received apologies from posters who attacked me at the time. I have since learnt that they had been told by the company that it was being attacked by bashers and vehemently defended it. I have never been short Nighthawk. There is at least as much ramping (probably more) as deramping that goes on. After all, it's easier to convince people of a positive story than a negative one and easier to make money when punters want to buy shares... Hope you had a good break. It's about time this deal got concluded. I sold some of my holding at over 105p in May, so what's left is only 1.5% of my porty. Have a slightly larger exposure to Polo. Best, Mark Read Full Thread Reply
Posted at 20/3/2011 22:38 by gero67 Others might come to Caledon's party Australian Financial Review 21 Mar 2011 Street Talk Edited by Savah Thompson and Paul Garvey The $500 million takeover of Queensland coal miner Caledon Resources by China's Guangdong Rising Assets Management (GRAM) is plodding along with frustratingly little progress. It may simply be wishful thinking on behalf of the investors who are starting to wonder if GRAM's bid will ever surface, but there are suggestions Caledon may be starting to entertain offers from rival groups. Caledon would certainly like the Chinese to think that other parties are looking at the miner, as a means of hurrying up the Chinese approvals process that has stalled the offer. But given the frenetic pace of acquisitions in the Australian coal sector right now, it seems feasible that other parties could be interested in the miner. The Caledon takeover has received scant attention in Australia to date, due largely to the fact it is thinly held here. Only about 8 per cent of the company's shares are listed in Australia, although there are many Australian investors who hold Caledon's London-listed stock. It was back in November that Caledon first revealed it had reached an in-principle agreement with GRAM over the terms of a takeover. GRAM had planned on having the acquisition approved by the various Chinese regulatory bodies, including the National Development and Reform Commission, by December 31 - but the approvals are still to be finalised. Caledon extended the deadline to put the offer in place until February 28, and has extended it again without a firm completion date. Notably, Caledon did not extend a non-solicitation agreement, instead leaving it to expire on February 28. That leaves the miner free to talk to other parties. Given the frustrations of the Chinese approval process, plenty of Caledon shareholders will be hoping that the company can deliver an offer of greater certainty some time soon. Read Full Thread Reply
Posted at 15/3/2011 11:48 by spights News March 14, 2011 Expect The Unexpected In Commodities And Elsewhere, In The Wake Of The Disaster In Japan By Rob Davies Living with a lot of debt, or taking other kinds of financial risks, is fine - if things stay as they are. It is when unexpected events happen that people, companies and institutions suddenly discover things about themselves they never knew before. It was the Kobe earthquake in 1995 that provoked a sharp move in the Nikkei index, which in turn triggered massive margin requirements for Barings on positions it didn't know it had. Barings went bust shortly after. A few years later, the Russian debt crisis in 1998 sucked liquidity from the market and prevented LTCM from unwinding its positions. It had to be rescued by Greenspan and Wall Street. And a rise in the gold price precipitated the demise of over borrowed Ashanti when it couldn't meet the margin requirements on its forward gold sales. These companies, and many more with similar stories, were only too happy surviving on the status quo. It was when something changed that they realised they hadn't prepared for every eventuality. Last Friday's horrific earthquake and subsequent tsunami in Japan will undoubtedly have a severe impact. It is also likely to have dramatic and unforeseen consequences on other entities as well, bit we probably won't discover who or what these are for a while yet. The situation is still very confused but it is clear that Japan's nuclear generating capacity has been severely impacted. The government has estimated that 20 million KWh of capacity was lost in the immediate aftermath of the earthquake. That is about 40 per cent of the total. Domestic and industrial demand will obviously be reduced as well, but is likely to recover well before the nuclear plants are recommissioned. Indeed, there may now be a fundamental rethink about the suitability of building such plants in coastal areas that are vulnerable to tsunamis. In any event, demand for fossil fuels in Japan for power stations and temporary generators will surely rise as a result of the disaster. This pressure on an already tight market could have a dramatic effect on the price of oil and coal. It is hard to envisage the Japanese stock markets doing anything other than falling significantly as the full extent of the damage becomes known, and as they factor in the likely the loss of wealth and earnings power. A bigger concern, though, is the potential reaction of the Japanese bond market. According to Société Générale, Japan's tax revenue last year did not even cover its government's non-discretionary spending: items like social security, education and debt servicing. Even more worrying is that the ratio of public debt to revenue for Japan already stands at 16. Japan is a very rich country but it is also highly indebted and only just paying its way. This disaster might tip it over the edge. Investors reacted to the news on Friday by selling off base metals, compounding a move away from risk assets that had already got underway over the last week. The LME Index fell by 6.3 per cent to 4,155.6, although copper delivered an even worse performance, dropping by seven per cent to US$9,193 a tonne. Nickel, in keeping with its volatile nature, dropped by 10 per cent to US$25,970. In the short term the move to risk averse assets is likely to lead to further falls. However, if there is a full scale financial crisis in Japanese financial markets, and a loss of confidence in the yen and Japanese government bonds, the definition of a risk-free asset may no longer include the bonds issued by the world's third largest economy. And if the yen is not safe many people might start looking at commodities in a different, rosier, light Read Full Thread Reply
Posted at 15/3/2011 11:41 by spights News March 08, 2011 Miners Appear To Be In A State Of Euphoria At This Year's PDAC In Canada By Our Canadian Correspondent With most commodities at or near all-time highs it is little wonder that the attendees at the Prospectors and Developers Association of Canada Conference in Toronto this week are in a visible state of profound happiness. Whether it is coal, copper, gold or zinc, the largest mining conference in the world is once again offering up a smorgasbord of commodity ideas for potential investors. A new attendance record is expected for the 2011 conference, surpassing last year's 22,000 delegates. The Investor Exchange floor is a mad house of bodies looking for the next hot deal. The analysts started the conference off in fine form by making a strong case that commodity prices will remain strong for the foreseeable future. Leading the commodity charge is interest in coal, iron ore, coal and silver. Rumours that BHP Billiton and Teck Resources have settled prime hard coking coal contracts for the April/June 2011 quarter at a record price of US$325 per tonne sparked interest in Canadian metallurgical coal producers, while a potential new initial public offering called Black Iron kept the iron ore watchers on their toes. The money that Black Iron raises is reportedly set to fund the Shymanivske iron deposit in the Ukraine. More and more speculators are also jumping on the silver band wagon, and Eric Sprott is now predicting north of US$50 per ounce for the poor man's gold. Potential mergers and acquisitions are also at the forefront. According to PwC's Mining Deals report, the first month-and-a-half of 2011 were witness to a record US$27 billion worth of deals announced, with 81 per cent occurring in the gold, iron ore, coal, copper and fertilizer space. Looking ahead to the rest of 2011, PwC believes that predators will target junior rare earth and uranium projects. Justifying this belief is talk from the exhibitor floor, where the word seems to be that major producers are making so much cash that more mergers are a certainty. The only things that could derail the mining merger and acquisition train are political unrest and macroeconomic instability - both of which seem to be increasing by the day. This fact was voiced by a few well-heeled pundits with the wider markets in mind. The major concerns revolve around higher interest rates and a bigger political blow-up in the Middle East. The political situation in Libya already has the price of crude north of US$106 per barrel, and if investors really get spooked and start cashing out their stock market chips, look out below! The interest rate scenario appears to be more controversial. The general view is that a rise in real interest rates will have a negative impact on commodities prices, particularly for precious metals. While it is unlikely that the United States or Japan will raise interest rates in the short term, because of their fragile economies, countries like China and India have been raising rates to combat inflation, and European Central Bank President Trichet signaled that the ECB may also consider raising interest rates as soon as April. Once the major economies of the world uniformly raise rates, the opportunity cost to hold gold may be too high, and result in a flow of funds out of the gold space. Most analysts seem to believe that this is still many years out, as currency turmoil is all but a certainty. Portugal was named as being the most likely country to fall into the next sovereign debt crisis, and some think contagion could spread to the United States and Japan. This worry should keep gold prices strong throughout 2011. At the core shack Kaminak Gold's Coffee property and Atac Resources' Rackla projects in the Yukon are catching more than a few eyes, as are the rocks from Batero Gold's Batero-Quinchia project in Colombia. All was not rosy for the Colombian stories however, as Greystar Resources sparked the annual political risk-environmental challenges debate after announcing the early termination of the environmental public hearing with respect to its Angostura project in Colombia. This hearing was part of the ongoing application process for securing the environmental permit, but confrontations stopped the hearings. On the awards front, prospector Shawn Ryan gets to pick up the Prospector of the Year Award for his discoveries of the Underworld Resources and Kaminak Gold properties. Underworld Resources and its White Gold deposit were taken over by Kinross Gold in a US$138 million deal, while Kaminak continues to be a market favorite for 2011. The Viola R. MacMillan Award for mine development will be awarded to gold growth story Agnico-Eagle Mines. Typical for any bull market, the number of silk suits with no geological back ground "talking the talk" but clearly unable to "walk the walk" is of concern. So is the lack of qualified people in the industry able to meet up with the growing amount of money coming into the exploration sector. Throw in the fact that valuations in the junior exploration side can only be described as over-extended and one gets the feeling that at some point, investors will get burnt badly. The general feeling amongst industry experts is that "while a rising tide lifts all boats", selecting quality juniors with real assets is the only recipe for success in the longer term. In other words, if you gorge on the smorgasbord, you might well end up with a bad case of investor indigestion. That's it for the first two days of the PDAC. Later in the week, we will update the highs and the lows from the Exhibitor Exhibition in an effort to separate the wheat from the chaff. Read Full Thread Reply
Posted at 02/3/2011 11:33 by spights Caledon Resources takeover "well advanced" Wed, 02/03/2011 - 09:46 \| Fiona Bond Coking coal producer Caledon Resources (CDN) took to the markets today to assure investors that its planned takeover by Chinese group GRAM was progressing. AIM-listed Caledon said that while it had not yet been given any specific timeline as to when the state-owned Chinese mining company would be given the green light by the authorities, its own enquiries suggested that the process is "well advanced". The Australia-focused company made the announcement just 48 hours after GRAM had issued a statement stating that while it had expected to have received the necessary approvals by 28 February, this had not been possible. "GRAM has been working very hard with the Chinese regulatory authorities during February and is confident the approval process is in its final stages," chairman Li Jinming said at the time. Caledon said today that given talks are well-advanced, the pair saw no need to extend the non-solicitation agreement which expired on Monday after being renewed in January, but cautioned that this decision may be reviewed as more information comes to hand. Caledon first recommended the 112p per share bid offer from GRAM back in September 2010. Read Full Thread Reply
Posted at 26/2/2011 12:25 by thais I am hoping it is for all of us holding onto our hats! But as per extracts from RNS on here earlier this wk, we have a continuum from "unlikely...to expecting". If investors take the view that it's D-day and there is further (perhaps 'legitimate') delay then we could be in for a bumpy ride here and POL. Everything's crossed! Read Full Thread Reply
Posted at 13/1/2011 14:47 by spights RNS Number : 4381Z Caledon Resources PLC 13 January 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 Caledon Resources plc ("Caledon" or the "Company") (AIM:CDN, ASX:CCD) Placing to raise £48.6 million / A$76.7 million Highlights · Conditional Placing to raise a total of £48.6 million (approximately A$76.7 million) before expenses; · The Placing Price of 90p represents a discount of 5.6 per cent. to the average closing price of the Ordinary Shares on AIM for the five business days up to and including 12 January 2011 and a discount of 3.2 per cent. to the closing price of the Ordinary Shares on AIM on 12 January 2011, the latest date prior to the date of this announcement; · Funds to be utilised for repayment of debt due to Polo Resources Limited ("Polo"), working capital issues caused by flooding in the Queensland region and potential development funding obligations; · Subject to completion of the Placing, Polo debt due 28 February 2011 to be repaid in full and Polo to hold 29.9 per cent. of the enlarged issued share capital; · Consent to undertake placing received from Guangdong Rising Assets Management Co. Limited ("GRAM"); and · RBC Capital Markets ("RBC") acted as sole bookrunner for the Placing. Commenting on the Placing, Mark Trevan, Managing Director of Caledon, said: "The proceeds from this placement enable the Company to discharge the loan obligations to Polo Resources and associated security over Minyango and significantly strengthen our balance sheet at a time when resumption of railings from the Cook mine, and therefore sales, remains uncertain. While the flooding continues to impact the railroad, it is pleasing to report that many of our employees are now able to return to work, and operations at the mine itself are starting to return to normal. We have been fortunate that the Cook mine has not been structurally or geologically affected by the floods and anticipate a reasonably quick recovery to normal capacity once Queensland Rail is fully back in operation." Mr Li Jinming, Chairman of GRAM said: "GRAM remains committed to working with Caledon to complete the Potential Acquisition and continues to be actively engaged with Chinese regulators in the approval process." Introduction The directors of Caledon ("Directors") are pleased to announce that it has received commitments from institutional investors to subscribe for 54,000,000 new ordinary shares of 0.5 pence each in the capital of the Company ("Ordinary Shares") and where CHESS Depositary Interests ("CDIs") are issued, CDIs in respect of such Ordinary Shares quoted on the Australian Stock Exchange ("ASX"), at a price of £0.90 or A$1.42 per new Ordinary Share ("Placing Price") (together, the "Placing Shares") (all together, the "Placing"). The net proceeds of the Placing after allowing for the expenses of the issue are expected to be £46.0 million (approximately A$72.6 million). It is anticipated that the net proceeds will be used to: · repay approximately £17.9 million of loans (including accrued interest and associated fees and expenses) due to Polo; · provide working capital to cater for business interruptions caused by flooding in the Queensland region; and · meet the Company's funding obligations for the Wiggins Island Coal Export Terminal prior to the project's financial close scheduled for April 2011. It is intended that completion of the placing of approximately £15.2 million (approximately A$23.9 million) (16,847,577 new Ordinary Shares ("First Tranche Placing Shares")) will take place next week with admission of the new Ordinary Shares to trading on AIM ("Admission") on or around 19 January 2011 and of CDIs on ASX on 20 January 2011. Completion of the placing of the remaining £33.4 million (approximately A$52.8 million) (37,152,423 new Ordinary Shares ("Second Tranche Placing Shares")) is subject to, inter alia, shareholder approval of certain resolutions to be proposed at the general meeting to be held on 3 February 2011 ("GM"). Admission of the new Ordinary Shares to trading on AIM and of CDIs on ASX is anticipated to be on 4 February 2011 and 7 February 2011 respectively. Read Full Thread Reply
Posted at 13/12/2010 14:49 by spights Under news on iii posted inaccurate information on CDN Below someone has this very wrong.The report is all mixed up.I have e- mailed iii. Caledon announces increase to coal resource estimate Mon, 13/12/2010 - 11:59 \| Esther Armstrong Australian coal producer and explorer Caledon Resources (CDN) today announced a 256% increase to its coal resource estimate for the Minyango coking and thermal coal project. This brings the total estimate for the Minyango coal resource, which is located approximately 15 kilometres north of the company's Cook Mine, to 1,216 Mt. The firm said the updated estimate is based on results obtained through an exploraton programme conducted between June 2009 and September 2010. Its positive outlook came hot on the tail of an announcement last week that the coal explorer would remain independent after an unnamed suitor failed to table a firm offer, which sent shares tumbling 22%. Mid last week the board of the Australian-focused company hinted that its decision not to accept a takeover bid was due to a turn in fortunes, but investors' fears were not allayed, as they worried that the company did not offer an attractive proposal. In its update today the firm said it had drilled 61mm diameter samples of six partly cored boreholes on the Aries, Castor and Pollux seams. During the exploration programmed it also reprocessed 2D seismic line data from 1989 and 1990 and reinterpreted fault patterns based on the seismic data and new borehole data. Over on the Interactive Investor discussion board investors felt the news could create renewed interest in the company on the takover front. Master debater said: "It's not so much a question of whether a near 300% resource increase is more likely to force the Chinese across the line at a share price of 112p, but whether the resource increase makes 112p look stupidly cheap." But echovalley wasn't so convinced: "Of all the players in this small drama, the board of Caledon has been the most aware of the potential at Minyango for the longest period of time, certainly since this latest bid approach was given their blessing. "In other words, this isn't really new news for them and won't change in the slightest their collective decision to continue to support it. There have been 200p+ valuations (some as high as 300p in fact) for Caledon going around for some time and the board still gave encouragement to the Chinese at 112p - just as they did for three previous bids at lower prices!" Shares in the firm were up just under 1% at 102p.. Read Full Thread Reply
Posted at 12/11/2010 06:59 by spights Buy Polo Resources (POL:AIM) as its shares at 5p trade 30.5% below their 7.2p net asset value (NAV), assuming a 110p-per-share Chinese-led takeover proposal (8 Nov) goes ahead for 27.6%- owned Caledon Resources (CDN:AIM). This should once more attract value investors, just as it did in summer when Laxey Partners unsuccessfully bid for Polo (2 Jul) and Weiss Asset Management subsequently built a stake of 6.75%. A Caledon takeover would give Polo £92.9 million cash from equity and loans. Existing resources will boost the total cash pile to £137 million, equivalent to 5.6p per share. Investors can therefore buy the company for less than the value of its liquid assets and get a free ride on 29.8%-owned coal miner GCM Resources (GCM:AIM), worth 1.6p per Polo share at the time of writing. Polo is now spending $1 million to evaluate four iron ore projects in Brazil for a potential $20 million acquisition. Co-chairman Neil Herbert says Polo's remaining cash may go towards a special dividend and investments in gold and coking coal. Shares says: We reckon the Caledon deal will succeed, making Polo a bargain at current prices. Buy. -------------------------------------------------------------------------------- Read Full Thread Reply
Posted at 08/10/2010 11:30 by spights Trade online now and pay later with T20 extended settlement 27th March 2007 Print Email Share TD Waterhouse, one of the UK's largest brokers, today announces new extended settlement periods up to 20 working days for online traders. To allow investors to respond quickly to changing market conditions, TD Waterhouse is offering customers the unique opportunity to trade online and settle up to 20 days later. Extended settlement is available on all Trading and Trading Plus accounts. Investors can choose the settlement period for each individual trade, and use closing deals to react quickly to price movements. Angus Rigby, Chief Executive Officer of TD Waterhouse UK, said: "With a standard market settlement period of just 3 days, our T20 extended settlement is second to none for offering customers absolute flexibility on their trades. "Active traders tell us that extended settlement is invaluable in helping them react instantly to market movements and maximise returns on their investment portfolios. We are delighted to be setting the standards amongst execution-only brokers by offering a variety of settlement periods to meet the needs of both active traders and longer term investors." In addition to T20 settlement on web trades, TD Waterhouse offers extended settlement up to T25 for telephone trades, and T10 settlement as standard on certificated trades. Until 30th April, any new Trading, ISA, PEP or SIPP account will receive two months' commission free online trading. Investors wanting to find out more should visit tdwaterhouse.co.uk. Read Full Thread Reply

Caledon Resources

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions