Caledonia Mining Share Discussion Threads

[jp2011] 10/7/2024 09:33

Shame they don't give indicative ASIC which is probably the biggest driver.

[pj84] 10/7/2024 07:44

Good production update let's hope combined with the high gold price this starts to have a positive effect on the share price.

[trader465] 26/6/2024 14:28

If they achieve an extra $250 per oz on 75koz is $22.5m straight to the bottom line

They’d probably do better with a main market listing

[stemis] 26/6/2024 12:24

Wrt the price, I'd guess the market is uncertain as to how the company is going to fund the Bilboe project. With a peak funding requirement of $309m and a market cap of $184m, it would either require massive gearing or/and a big dilution. The company has said that it's approach would be designed to maximise shareholder value but until they say how, the market is sitting on it's hands...

[trader465] 26/6/2024 11:48

Why is this company so illiquid?

And why is the price down 23% year to date?

[pj84] 19/6/2024 10:02

Rich countries plan to buy more gold despite record price
From the above article

“Around 13 per cent of advanced economies plan to increase their gold holdings in the next year, up from around 8 per cent last year and the highest level since the survey began. That follows the lead of emerging market central banks, which have been the main purchasers of gold since the 2008 global financial crisis.
Meanwhile, a rising proportion of advanced economies — 56 per cent, up from 46 per cent last year — also think the dollar’s share of global reserves will fall over the next 5 years. Among emerging market central banks, 64 per cent share this view.”

and

“The consecutive years of record buying, the pace of which has continued into this year, has been a driving factor behind gold’s rally to nearly $2,450 per troy ounce last month. It is up 42 per cent since the Israel-Hamas conflict began in October.
The dollar’s share of global foreign exchange reserves — excluding gold — has plummeted from more than 70 per cent in 2000 to around 55 per cent last year, stripping out the effect of US dollar appreciation, according to research from the IMF this month. Including gold, the dollar’s share has dropped below half, the WGC says.”

This should eventually feed into Caledonia's share price.

[stemis] 12/6/2024 14:36

Presentation on Bilboe



The numbers look good at $309m NPV (cp to current market cap of $195m) but it's also worth remembering that we paid $66m for the project in expensive shares. Whether it will all turn out to have been worth it for shareholders will depend on how much of the funding comes from new shares.

[pj84] 03/6/2024 19:47

I must admit I have been surprised with the poor share price recently particularly with the price of gold as well as the recent RNS indicating a payback in 1.9 years meaning 8 years of pure profit after payback.

[pj84] 03/6/2024 19:44

cat33 I know it is free to register but are you able to share any highlights from the letter?

[cat33] 03/6/2024 14:45

Good summary of the latest from Jimhttps://mining.beehiiv.com/p/jims-mining-letter-june-3-2024Worth reading This is going to be hugely profitable

[mikkydhu] 15/5/2024 11:15

One useful piece of information from Monday's results RNS was the production figure for April: 7,956 ounces. Annualised that would be 95,472.

For comparison, these are the figures for April since 2021:
2021: 5,470
2022: 6,797
2023: 5,202
2024: 7,956

Of course, one month may well not be typical; it may include material left over for some reason from the month before. Still, interesting.

[plasybryn] 02/5/2024 11:23

Have you seen the proposed merger between Rockover Holdings and Ariana Resources (AAU) to take forward the Dokwe mine in Zimbabwe?
Sounds like it could be accretive. Any views from experts on investing in Zimbabwe?

[stemis] 10/4/2024 17:59

I am pleased that 2024 production at Blanket has got off to a strong start with over 17,000 ounces produced in the Quarter which, considering we had 8 fewer production days compared to Q1 2023, is an excellent result. With the current high gold prices, it was good to see our gold sales ounces increase by 17% in Q1 2024 versus Q1 2023

Certainly encouraging, but what will count is if they've got costs under control.

[stemis] 23/3/2024 11:26

Indeed, although it's all time high was ~1900p when gold price was lower. Admittedly there has been some dilution since then and inflation in costs, but nevertheless...

[pj84] 22/3/2024 22:53

SteMis at least it looks like the fall on the 4 March news was overdone and now moving in the right direction again.

[stemis] 21/3/2024 11:59

Share seems oblivious to the surging price of gold

[stemis] 08/3/2024 09:37

If they can get cash costs below $1000/oz (and all sustaining cost/oz in 2022 was $878) then, at this gold price and 75,000 oz production, the mine can generate $85-90m a year.

[stemis] 05/3/2024 08:11

Gold within touching distance of an all time high and CMCL at just 40% of it's all time high. Let's hope CMCL has it's costs under control now because if it can't make hay at this price, when will it ever?

[tsmith2] 04/3/2024 12:26

feels like a good entry point

[pj84] 04/3/2024 11:44

For now it is a case of waiting to see what materialises after the results in future updates and whether the CEO's optimism is justified.

"A number of the other cost items are not anticipated to be recurring, whereas others have arisen from our decisions to invest in the business, most notably around personnel and advancing the Bilboes sulphide project. I am confident that many of these will not recur in 2024 which has started positively and I look forward to the future with optimism as we pursue our goal of becoming a multi-asset production company."

[stemis] 04/3/2024 11:16

I've held these shares for quite a while, from below the current price, and had a lot of dividends. Hopefully this is just a temporary issue. However it does hit the credibility of management who previously were a safe pair of hands and casts a shadow on how they are possibly going to fund development of Bilboes without having built up a big cash balance and the share price on its *rse. The danger is we have bought (diluting shareholders in the process) a white elephant. Management have a lot to do to demonstrate a way forward from here.

[stemis] 04/3/2024 07:43

I guess we can see now why the share price has been so weak

[papillon] 15/2/2024 22:22

free stock charts from uk.advfn.com


CMCL log chart showing EMA's.

[papillon] 25/1/2024 19:40

CMCL gets a very positive mention.