Caledon Resources Share Discussion Threads

[spights] 08/3/2011 16:15

Hi Phillis.....I was hoping for news....

[phillis] 08/3/2011 13:30

up late this morning spights

[ps0u3165] 08/3/2011 07:47

Lets hope its not 08/08 they are waiting for.

[ratmouse] 08/3/2011 07:39

Maybe they are waiting for 8am :-)

[spights] 08/3/2011 07:31

no news;o(

[spights] 08/3/2011 06:24

1.635 AUD = 1.01889 GBP
Good Morning all
No trades.

[spights] 07/3/2011 05:39

1.635 AUD = 1.01889 GBP
Good Morning all.

[spights] 04/3/2011 06:31

1.630 AUD = 1.01530 GBP
Good Morning all

[spights] 03/3/2011 06:28

1.620 AUD = 1.00945 GBP
Good Morning all
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[the heed] 02/3/2011 14:20

Anyone else notice that some 20m shares have been transferred in the last few days...

[spights] 02/3/2011 14:08

yehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

[spights] 02/3/2011 11:33

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.

[dr knowledge] 02/3/2011 09:00

It's quite simple - the RNS is more or less saying, "if you want to counter bid for us, you'd better now hurry!" In respect of GRAM, why should CDN extend the agreement for a 3rd time, will also act as a kick for them to get their act together (also personally I'd much prefer the arrival of a late stalking horse!) ;-)

[jono100] 02/3/2011 08:22

I'm not in this at the moment but there was an odd phrase in Monday's RNS about aiming for 28 February 2011 which was released on 28 February. It looked as if they had meant to release it earlier (such as the day the LSE went down). If that was the case and I had read that RNS last week I would be thinking that we are probably within a week or so of a deal being formalised. Time will tell.

[gorvachof] 02/3/2011 08:18

Basically are they saying there is no need for extention as its so close anyhow?

[jono100] 02/3/2011 08:15

"Caledon would like to clarify" but has not.

[ps0u3165] 02/3/2011 07:44

On 28 February 2011 Caledon and GRAM released the following announcement.



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. On 27 January 2011 the parties announced that they had agreed a renewal of the Non-Solicitation Agreement to 28 February 2011.


When the Non-Solicitation Agreement was renewed, GRAM expected to receive the necessary Chinese regulatory approvals by 28 February. Although GRAM has made good progress on the approval process, it has not yet received the necessary approvals, and does not expect to receive these by 28 February 2011.

Mr Li Jinming, Chairman of GRAM said:


"GRAM has been working very hard with the Chinese regulatory authorities during February and is confident the approval process is in its final stages."



Further to a request from the ASX, Caledon would like to clarify that while it has not been given any specific timeline with regard to finalization of the Chinese approval process, its own enquiries also indicate it is well advanced. Given that situation neither party saw the need to extend the Non-Solicitation Agreement which expired on 28 February 2011 although that decision may be reviewed as more information comes to hand.

[spights] 02/3/2011 06:38

1.585 AUD = 0.986047 GBP
Good Morning all.

[spights] 01/3/2011 22:40

Polo Resources

Director Paul Ingram resigned from the Polo board on the 5th of January to focus on his other business interests.

On the 13th of January, Polo announced that it will increase its interest in Caledon Resources from 27.64% to 29.9% as part of Caledon's share placing due to close on the 4th of February. Paying 90p each for 21,226,324 shares, Polo's net outlay will be £750,000 after offset the £14.5 million and A$4 million in loans owed by Caledon.

An investment update on the 14th of January, advised that Polo's net asset value was 7.06p per share as at 31st December. In December Polo invested C$8 million in private Canadian company Ironstone Resource Limited who have defined a NI43-101 resource of 203 million tonnes of iron ore at a grade of 33% at its Clear Hills Iron Ore/Vanadium Project in Alberta, Canada. The project is progressing towards a feasibility study with a 20,000 tonne bulk sample due to be extracted later in the year.

The Phulbaril Coal Project is well positioned as the Bangladesh Government appears to be softening its stance towards coal. Phulbari is believed to be at least 2 years ahead of any other similar project in the country, having been subject to a full social and environmental impact assessment and feasibility study.

Finally, in the 6 months to 31st December, Polo realised £1.2 million in unaudited gains from listed and non-listed investments, while retaining £700,000 in unrealised gains as at 31st December. Long term buy.

[saripoos] 01/3/2011 13:30

saripoos - 28 Feb'11 - 12:45 - 4388 of 4390 edit

this can only end in tears...each extension of time makes it a no no for me..but i am still holding on..am i a glutton for punishment

[spights] 01/3/2011 07:08

Caledon Resources improved 0.2 per cent to 100p after its Chinese suitor GRAM said it was confident the approval process for its bid was in the final stages.

GRAM, an investment company, has offered 112p a share in cash for Caledon.
FT

[spights] 01/3/2011 07:03

1.575 AUD = 0.983868 GBP
Good Morning all.

[saripoos] 28/2/2011 12:45

this can only end in tears...each extension of time makes it a no no for me..but i am still holding on..am i a glutton for punishment