Caledonia Mining Share Discussion Threads

[sailing john] 12/8/2022 07:50

Thanks for the link. I was quietly adding yesterday! GL SJ

[mikkydhu] 11/8/2022 22:38

Thank you, meanreverter. Such an interesting account of the company's thinking, progress and discipline, and, in particular, of Mark Learmonth's approach to managing the company and working in Zimbabwe.

[meanreverter] 11/8/2022 20:59

One of the best interviews ever with Mark: hTtps://www.youtube.com/watch?v=ymfJBWvsd70

[pj84] 11/8/2022 19:13

Surprised no comment on very good results for the 2nd quarter.

[mikkydhu] 08/8/2022 15:54

"Massive new mill" On July 21st Mark Learmonth was interviewed by Jochen Staiger of Commodity TV. One interesting point he made was this: "we are building up a modest stockpile of ore which we will eat into when we increase our milling capacity in the next three or four weeks. We've got a massive new mill which is in the process of being commissioned." This suggests more than just a little extra gold production in the near future. Recently the company said "Management believes there is excellent exploration potential at Blanket at depth, in the old shallower areas of the mine and in brownfield sites immediately adjacent to the existing Blanket footprint." Perhaps the existing annual production target will be raised before year end.

[robizm] 30/7/2022 21:43

Re electricity they can go down the solar route. A lot of miners (paf and ths) are doing this. Cheaper on costs and cleaner than diesel

[stemis] 25/7/2022 22:37

I think the fact that they've been looking at this for 6 years is further indication that they are not going to overpay. I know they are very interested in another property, but again it's about get the right deal for shareholders. Getting Gapare on board as a major shareholder/director is a big plus for doing deals in a prospective country which is under exploited. They got Maligreen by virtue of having resource on the ground and capital against others which didn't.

[leopoldalcox] 25/7/2022 18:35

Thank you for sharing

[mikkydhu] 25/7/2022 15:26

https://www.youtube.com/watch?v=i9PfGHs58Vc&list=FLWqvXjG8FLXaRQFwOfl9pfA&index=2 In this interview Mark Learmonth goes briefly into the history of the acquiring of Bilboes. Strikingly, Caledonia has been looking at this project since 2016. Initially, they made an offer to acquire Bilboes that was not accepted. Bilboes looked at other options before coming back to Caledonia. So Bilboes were looking for a buyer. Perhaps they were looking for a miner whom they could rely on to make a success of Bilboes. I suspect that central to this whole project is Victor Gapare, who is a significant figure in mining in Zimbabwe, and I think is well connected with the government. He is the chief shareholder in Bilboes. In the deal he will have the single largest shareholding in CMCL and become a director on a handsome salary. So it is a win/win deal: Mr Gapare secures a miner whom he can trust to make a success of his mining interest (Bilboes), and CMCL obtain an influential advocate who can secure for the company the electricity they need and the beneficial arrangements for selling the gold. Mark expects to tie up the conditions precedent by the end of the year. The interview also covers possible phasing of Bilboes and funding routes forward in very broad outline. It is worth hearing Mark's approach to making acquisitions and developing them.

[papillon] 24/7/2022 13:19

hTTps://www.mining.com/caledonia-mining-to-buy-one-of-zimbabwes-largest-gold-projects/

[ntv] 23/7/2022 13:36

The acquisition has a couple of major stumbling blocks. Constant electricity supply and that Calendonia wants to keep 100% of it's dollar earnings

[mikkydhu] 22/7/2022 15:57

https://www.investorschronicle.co.uk/news/2022/07/22/caledonia-mining-to-buy-second-zimbabwe-gold-asset/ A favourable write up from IC.

[mikkydhu] 21/7/2022 15:18

https://polaris.brighterir.com/public/baker_steel_resources_trust/news/rns/story/w31oj2x Additional information about the project.

[leopoldalcox] 21/7/2022 11:45

I was considering a top up at this price, and considering the news today, which I think provides a lot of upside, I've added. If they can spin up the operation again in the timeline they have set out, this could revolutionise the company, massively increasing production whilst diversifying the production at the same time

[3800] 21/7/2022 09:36

seems a lot to pay for company loosing money I hope they know what they are doing

[leopoldalcox] 21/7/2022 09:15

What would your theory be NTV? Can't say I have an opinion on that

[ntv] 21/7/2022 09:07

I mentioned this asset sometime ago as a potential acquisition Obviously this has taken sometime to sort The big question for me is why did they waste monies on all the other pointless acquisitions? You can make your own mind up

[leopoldalcox] 21/7/2022 09:07

Very significant rns this morning. Looks transformative, not a small investment

[mikkydhu] 18/7/2022 23:26

Future news to look out for: * Solar Farm coming on stream and plans for extending it. * Increased confidence in gold resources at Maligreen. * Commissioning of new ball mill. * Possible project acquisitions/ joint ventures with Govt of Zimbabwe.

[ntv] 16/7/2022 11:46

What should keep the directors at night is the way they have squandered shareholders monies over the last couple of years Yes they did got the extension built at cost saying they had done that without recourse to share holders .then subsequently raise 2 lots of cash Cash balances are no better in real terms after the 2 cash calls monies have been wasted pointless unproven assets I wish some one would just take them out

[melody9999] 14/7/2022 12:22

I asked CMCL about the effect of inflation in Zimbabwe. Received a comforting response very quickly as below: The significant majority of our business expenses and revenues are denominated in US Dollars so high domestic inflation in Zimbabwe does not substantially affect us. To the extent that we do source locally priced goods and services the inflation remains a concern but we are quite proficient at substituting with imported goods if domestic prices are too high. Our worker salaries are 100% US dollar based so the domestic inflation is not an issue for this cost, moreover it is very good for worker morale that we pay them in USD. We are seeing some USD inflationary pressure in line with global inflation but nothing unusual by international standards and when compared to the domestic currency inflation. In the long term, high inflation is bad for macroeconomic stability so we do pay attention to it but it doesn’t keep us awake at night.

[buffetcharliemtesque] 13/7/2022 11:24

Solid production update Https://www.londonstockexchange.com/news-article/CMCL/record-quarterly-production-at-blanket-mine/15537673 Highlights · Quarterly gold production of 20,091 ounces, a record for any quarter · 20 per cent increase in quarterly production on the 16,710 ounces produced in Q2 2021 · Gold produced for the first half of 2022 was 38,606 ounces, approximately 29 per cent more than the 29,907 ounces produced in the first half of 2021 · Reiterated gold production for 2022 is expected to be between 73,000 - 80,000 ounces[1] "Production in the first half of 2022 was excellent and exceeded our expectations. Production excludes an estimate of approximately 1,500 ounces of recoverable gold included in an ore stockpile which will be processed after the commissioning of additional milling capacity in the next few weeks. "We have now achieved our quarterly target of 20,000 ounces and are on track to hit our annual production target of between 73,000 - 80,000 ounces of gold."

[mikkydhu] 23/6/2022 19:48

Just a few thoughts as the end of the quarter approaches: 1. Any day now we can expect the company to announce that the solar panel project is up and running. We may also hear of plans to extend it. 2. Among other benefits, the project will provide savings of US$35/ounce. 3. In the first week of July we can expect to hear production figures for Q2. 4. Production for April was 6,797 ounces, giving an annual run rate of just over 81,500 ounces, above the top end of the guidance range for this year. 5. In the Q1 results interview of 16th May, Mark Learmonth said tonnes were up, grade up, recovery up and costs were well under control. AISC was down $76/ounce, on mine costs down $140/ounce. It would be an added bonus if the gold price perked up a little.

[mikkydhu] 10/6/2022 14:32

https://www.caledoniamining.com/media/#videointerviews There is a good video of what looks like the now complete array of solar panels on the CMCL website under Media.

[mikkydhu] 26/5/2022 23:37

One important difference between Maligreen on the one hand and Glen Hume and Connemara North on the other hand is that for the latter two Caledonia only had an option to buy, which it then decided not to exercise as the properties didn't measure up to Caledonia's requirements, whereas Maligreen was acquired outright, 100% owned, from the outset. It was plainly considered a good enough prospect. As announced on 13th September 2021, Maligreen has an inferred resource of 940,000 ounces of gold at 1.88 gr/t. This acquisition includes 60,000 metres of core from drilling by previous owners. The first thing Caledonia want to do is look again at this core with a view to increasing the confidence level in the resource, raising it from inferred to indicated. Having done that, they expect to move on to a feasibility study and then to building a mine. But as Mark Learmonth pointed out in the Q1 2022 results call presentation video of May 16th, Maligreen could be overtaken by another asset which could be more attractive and "push Maligreen down the pecking order." He said, "We do continue to look at other assets in Zimbabwe." It is also worth remembering that there is also much more exploration still to be done at Blanket. There are expected to be shallower gold deposits between the surface and the underground levels that the company has been mining in recent years. They may want to devote resources to that. Recently they have been concentrating on making full use of the new shaft.