Caledonia Mining Share Discussion Threads

[mikkydhu] 26/1/2021 10:45

Further to the question about Life of Mine, it is worth bearing in mind that Blanket is over 100 years old.

[dozey3] 26/1/2021 08:49

CMCL as portrayed by the chart.

[tightfist] 26/1/2021 08:19

Confidence completely shot? Do you refer to gold, gold miners, Zim., CMCL or the Chart?

[daz] 25/1/2021 10:49

I've used the dip to add to my holding. The news from the company has been consistently good and the central shaft should open this quarter. There is probably a seller out there but the price has moved up on a few buys, so I'm hoping we're near the end of this retrace

[stemis] 25/1/2021 10:12

It's sometimes hard to know what drives the CMCL share price. At the moment all the news seems to be positive. We are heading quickly towards 80,000 oz at an all in cash cost of under $850/oz. At the current gold price of $1,850/oz that would produce >$80m a year. Current market value is around $188m (inc. $21m of cash, although a chunk of that is earmarked for the solar plant). It's a pain to have the share price drop by 1/3 but as long as CMCL keep delivering operationally I'm confident the price will eventually recover.

[mikkydhu] 25/1/2021 09:48

LOM until 2034. I would love to know what drilling data they base this on. I may email them to find out. I very much look forward to hearing how any current drilling from the level reached by the new shaft turns out. RNS on 30th Nov 2020: "The Central Shaft will provide access for further deep-level exploration which, if successful, may extend Blanket mine life beyond 2034."

[kennyp52] 25/1/2021 09:28

Newly in . Numbers for this company are solid and dividend paying . Zimbabwe the only thing holding this price down in my opinion ? Anyone got LOM save me some time ? Uplift in production is surely going to help share price . Good luck all .

[melody9999] 24/1/2021 21:01

The increasing gold production should outwiegh any slight concerns over the LTI plan. So why is the share price continuing down? Something happening in Zimbabwe I have not picked up - if so it would have to be increased risk as country risk is already priced in

[mikkydhu] 14/1/2021 15:04

For each quarter of 2020 so far, the gold production figure has been significantly above the figure for the corresponding quarter of 2019. If this trend continues for the fourth quarter, the production figure will be over 17,000 ounces and over 60,000 ounces for the year as a whole. If the BOD are still feeling generous, might they declare a special dividend?

[onehanded] 12/1/2021 15:34

I've moved into another African gold miner called Tanzanian Gold Corp (TNX) traded TNX in Toronto Stock Exchange (TSX) which opens 2.30pm - 9pm and in 1 CAD (Canadian Dollar). Worth a look and read about them. I have started a thread under TNX. They joint venture partner with the State Mining Company (STAMICO) to submit an updated mine plan for the Buckreef Gold Project to the Mining Commission in Tanzania. STAMICO, which is 100% owned by the United Republic of Tanzania (the Government). Buckreef gold project will be massive and will see substantial profit for Tanzania gold corp. Though this not the only revenue driver looking forward for this company. Can't have to many gold companies lol. Think could be a big one.

[stemis] 12/1/2021 14:35

£0.5m paid to 3 people over 3 years isn't a huge amount compared to a market cap of £150m

[dozey3] 12/1/2021 13:57

So SteMiS, do you think the excess remuneration (bonus) that directors award themselves is comparable in any sense with the total paid out in dividends to hundreds of shareholders, who don’t forget are the owners of the company?

[dozey3] 12/1/2021 12:26

In the fog of obfuscation one thing is clear - the target will be fixed as low as possible in order to maximise the directors’ rewards. Anything greater than 70% of the target gains reward (why?) which increases ‘linearly̵7; (rate undefined) up to 200% of the awards. Nice work if you can get it.

[pi0110] 12/1/2021 10:41

Given that 2020 update is due tomorrow (13th Jan last year), I suspect the announcement of long term incentive award today is the prelude to very good results tomorrow justifying the new awards. We shall see

[stemis] 04/1/2021 08:37

Another decent increase in dividend and confirmation that everything is proceeding to plan.

[mikkydhu] 03/1/2021 10:35

When they announce the dividend tomorrow, will they have any other news for us?

[dozey3] 21/12/2020 06:37

Yes, probably to add to my Phoenix Copper, but not at the present ridiculously low price. The chart tells a story.

[melody9999] 20/12/2020 22:13

Dozey - think you are right to suggest management want to build the company. I trust our BOD to maximise my returns - whether by capital gains or income. If I did not, I would not be invested. Guess you will be selling out?

[dozey3] 10/12/2020 18:05

Hmmm...seems an extension of their policy to make sure that when the cash starts really rolling in the pesky shareholders don’t see much of it. Best fritter it away on distant prospects in the hope of attracting more mug punters, and keep the directors happy. Cynical? ... Moi?

[stemis] 10/12/2020 10:16

Interesting move. No mention of who the vendor was. Glen Hume was once owned by quoted Canadian company, New Dawn Mining, but these seem to have ceased trading sometime early 2010's.

[stemis] 20/11/2020 16:12

Yeah, we seem to be back to being ridiculously valued again. At 1205p market cap is $194.2m. Deduct net cash $21.0m gives EV of $173.2m. EBITDA Q1 was $11.15m so annualised gives $44.6m. Valuation is 3.9 x ebitda. Current gold price is higher than average for Q1. Costs were inflated by around $1.1m for covid (annualised $4.4m) and we are looking at an imminent 30% increase in output, which will also reduce costs per oz. Can easily see over 2000p in a year or two.

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