Caledonia Mining Share Discussion Threads

[joan of arc] 31/10/2016 19:15

Anyone know what sparked the sell off today?

[338] 17/10/2016 13:22

Break-Out Imminent For Range Bound Gold Monday October 17, 2016 08:17 (Kitco News) - Gold continues to be bound between the $1,250 - $1,260 range, but I suspect the range is in imminent danger of a break-out. we are seeing higher- than- normal demand coming out of Hong Kong, with physical silver purchases outpacing gold. The market will look to the upcoming ECB meeting for signs of increased monetary stimulus. Fed Chair Janet Yellen expressed concern on Friday about the strength of the recovery and suggested aggressive measures may be needed in the future to ensure growth. Gold may break to the downside, especially if the dollar continues to be bid, but the macro-picture suggests that serious issues are just ahead. It’s a matter of when, not if, gold resumes its uptrend. By Peter Hug, Kitco Metals Global Trading Director; [e-mail]

[338] 12/10/2016 15:04

148p in Canada & Nasdaq Markets :)... heading further upwards soon

[338] 11/10/2016 15:53

Heading to 400p faster than I thought :)

[chipperfrd] 30/9/2016 19:39

Presentation by Mark Learmonth (CFO) at the Denver Gold Forum: http://www.denvergoldforum.org/dgf16/archived-presentation-stream-2016/webcast-live-stream/ It is a great story and the CFO does present very well! Chip

[qs99] 28/9/2016 16:36

don't disagree...am in gold miners as majority of holding, gradually trying to up cash holding by trading out of things....

[rb5] 28/9/2016 16:22

I'm pretty much all in cash now apart from this and staying that way until this market corrects. Too much uncertainty going on for my liking, Trump, Fed hikes, German banks etc etc

[qs99] 28/9/2016 11:11

well done you rb5......given your "Bagging" expertise on this one, are there any others you are in you would still recommend? I am heavily into SHG and OMI at the moment as operationally leveraged plays to POG....thanks QS99

[qs99] 28/9/2016 11:09

CMCL motoring nicely along

[338] 23/9/2016 16:37

Nichols: Gold Entering Phase With Support Coming From Non-Fed Factors Friday September 23, 2016 09:05 Veteran gold analyst Jeffrey Nichols looks for the precious metal to enter a new phase in which Federal Reserve monetary policy becomes less important and the yellow metal derives support from Asian physical demand and a faltering U.S. economy. The market lately has been trying to gauge when the Fed might hike interest rates by another 25 basis points, but Nichols argues that the belief that such an increase might send gold sharply lower “makes no sense.” The managing director of American Precious Metals Advisors argues that the Fed may have little room to hike by anything more than a “token” amount. “What’s more likely, the U.S. and global economic news will continue to disappoint – and this could be enough to support a rising gold price. Another near-term catalyst could very well be seasonal buying from both India and China, the world’s two-biggest gold-buying nations,” he says. “Gold demand in India has a strong seasonal component, reflecting the annual monsoons, the associated rise in agrarian incomes, and the autumnal festivals beginning in the September-October period. Gold demand in China also typically picks up late in the year in anticipation of the Lunar New Year holiday occurring this year in January 2017. In addition, once it is clear we are in a rising market, Chinese gold buyers are likely to chase the market higher, fearful of missing out on still-attractive prices.” By Allen Sykora of Kitco News; [e-mail]

[338] 23/9/2016 15:52

some buyers at Canada $2.24 or 131p ... awaiting for resource update from 3 sites (AR South, AR Main and Eroica)

[dontbuuy] 23/9/2016 08:22

Are the gold miners still good investment? D b

[338] 22/9/2016 08:22

if the price of gold can really hit $1900 / oz in Dec gold producers could double or triple their share price hxxp://www.marketslant.com/articles/gold-could-touch-1900-year-end-mcewen

[338] 22/9/2016 08:11

Closing price at Canada $2.15 equal to 125p ... keep moving upwards

[rb5] 21/9/2016 08:13

Up again. 3 bagger on these now. Just wish I'd bet the farm.

[stemis] 15/9/2016 12:07

No, that's interesting. Cheers. I guess if they buy in Zimbabwe it should be cheap as the market doesn't value assets there.

[serratia] 15/9/2016 10:55

SteMiS, As I don't hold shares in this company I don't know what news is out there already. I spent time talking to the Chairman and FD (?).My initial thoughts were Zimbabwe so stay clear but that's not an issue. Unemployment is 90%+ and they employ a lot of local people so no unrest. The amount of gold they produce each month can be carried in a suitcase. They drive to the SA border with no problems but once over the border it's big security on route to Joberg. Equipment repairs etc are no problem - a short drive from SA. Zimbabwe is short of $ but they have no problems so far getting money out of the country. There's more on the country issues but I came away realising it's not the problem that I had assumed. On the mine they are expanding to new depths below 750m as there's more gold to be mined. They plan to move from 40k oz to 80k oz. They have a vertical mine unlike the S African mines so costs lower. The SA mines go outwards at depth and the weight of rock above them on long runs means a lot of expensive supports. They use timber as it fails slowly, concrete/steel just snaps. The timber supports close in 3 weeks from installation. Vertical mines as per CMCL don't have that problem. Costs are also lower as the rock is old so no big cooling costs. It's 24 c at the face. Temperature control is a big cost for the SA miners. Looking forward as well as the expansion they're looking at acquisitions, they won't touch SA too many problems but would be happy to add in Zimbabwe. They like the gold price increase but on a cost basis they can handle any price falls so quite relaxed on that front. They gave production costs which I have somewhere in my notes. If you have questions I'll see if I can dig out any answers from memory/notes.

[stemis] 15/9/2016 09:35

What was said?

[serratia] 14/9/2016 23:13

Good presentation at Proactives tonight.

[the stigologist] 14/9/2016 17:46

fair enough, CMCL definitely in a sweet spot of having achieved operational consistency and real shareholder returns and thus deserving of premium rating right now

[338] 14/9/2016 17:18

Hello Stigo, I think the profit margin of CMCL is much higher than ASA because the cash cost for CMCL is under almost 30% lower than ASA. so, ASA will struggle if the gold price suddenly drop to under $1100/oz In regards to producing gold CMCL will ramp it up to 60-65k in 2017 and then 80k in 2018. I believe the share price will explode if they can confirm that the reserve under 1100 meters is enough to produce at 80k+ for 20 years or so Financially CMCL also healthier (no debt, nice dividend, etc) and CMCL has only circa 52 millions shares in the market comparing huge number of shares of ASA However, both enjoying a good run at the moment so let's just enjoy it together. Cheers 338

[the stigologist] 14/9/2016 15:05

The Stigologist14 Sep '16 - 10:21 - 855 of 858 0 0 Edit An announcement of ASA Gold IPO would be huge news Imagine if they list it in China ! CMCL is producing 40-50k oz p.a. in Zimbabwe and is valued at £60m ASA Gold producing 80k+ p.a. could be valued at £120m by itself ? You could be looking at a 5 bag just on the Gold assets

[the stigologist] 14/9/2016 15:04

What do you think of ASA ?

[338] 14/9/2016 15:01

few trades at offered price of $2.05 (118p) in Canada