Caledonia Mining Share Discussion Threads

[stemis] 21/3/2018 10:09

Decent results and encouraging comments on the political situation in Zimbabwe

[stemis] 19/2/2018 14:06

hxxps://www.newsday.co.zw/2018/02/addressing-zimbabwean-business-climate/

The recent amendments to the Indigenisation and Empowerment Act and the slight adjustments on petroleum levies are massive steps to entice investors, as Zimbabwe opens up for new business.

Fingers crossed...

[hastings] 15/1/2018 08:25

Broker note this morning says 2018 production of 55-58.9koz is firmly in sight. Prospects looking excellent here, but shares still look cheap.

[stemis] 15/1/2018 07:55

Followed by...

https://www.investegate.co.uk/caledonia-mining-crp--cmcl-/rns/record-quarterly-and-annual-gold-production/201801150700048080B/

Approximately 16,425 ounces of gold were produced during the Quarter, a new quarterly production record for the mine. Production in the Quarter was 14 per cent higher than the previous quarter (Q3 2017) which was itself a record production quarter, and 21 per cent higher than the corresponding quarter of 2016 (Q4 2016).

Total 2017 gold production was approximately 56,135 ounces, marginally ahead of 2017 production guidance of 54,000 - 56,000 ounces. 2017 production represents a new annual production record for the Blanket Mine, an increase of 11.4 per cent over the annual gold production in 2016....

At 30 September 2017, Caledonia had net cash of US $11.8 million. Blanket plans to increase production from 56,135 ounces in 2017 to approximately 80,000 ounces in 2021; Blanket's target production for 2018 is between 55,000 and 59,000 ounces.

All looking good

[stemis] 12/1/2018 11:13

http://www.edisoninvestmentresearch.com/research/report/caledonia-mining349157/preview/

Caledonia’s Q3 results indicate record gold production with moderate unit cost decreases. The company is now firmly on target for its FY17 full-year guidance of 54-56koz of gold. We also consider the marked increase in gold grade mined compared with the previous quarter, as a major positive for the company. Following a marked increase in higher confidence category gold resources situated at depth, the central shaft development has been extended to add further long-term mining flexibility.

[blomers] 11/1/2018 17:41

Hmm - ex-dividend today so was expecting a 5p drop - 12.5p is rather more!

[killary cunton] 28/11/2017 16:33

Great fundamentals but it is just sooooooooooo ill-liquid.

[livewireplus] 28/11/2017 16:31

Indeed. And the quoted spread seems to have narrowed today which should make it a little more attractive to deal....

[stemis] 28/11/2017 16:09

With cash of 85p a share and EPS likely to come in at around 90-95p a share, a share price of 505p values CMCL at around 4.5 x earnings. Then there is the upside from expansion which could easily double profits...

[tadtech] 28/11/2017 15:34

Caledonia management are in London currently, getting the message out, this can only be good for the share price.

Hardly any stock on the book right now, Edison say £9.50p based on $1300oz gold price.

What's not to like a exceptionally well covered dividend & low PE, yields 4.5%

That Edison £9.50p target was before Mugabe retired.

[livewireplus] 28/11/2017 14:39

Going up nice and slowly. Now 500p on bid. Looking forward to a little more increase in share price along with the dividend. Stabilizing political environment in Zimbabwe + increasing gold price :-)

[meanreverter] 24/11/2017 13:08

According to today's FT, new president Mnangagwa promises “I wish to be clear, all foreign investment will be safe in Zimbabwe”.

[tadtech] 22/11/2017 13:41

This company pays a dividend and currently yields 4.5% which is covered 4 times by earnings.

Edison recently covered the stock and offered a price target north of £9, that was before the Mugabe news and the recent record Q3 gold production statement.

Funds based in South Africa have been building their positions, another fund from Germany has acquired just under 10%.

Worth a read, target prices of £9.30p and £9.50p depending on thr gold price.

http://www.edisoninvestmentresearch.com/research/report/caledonia-mining225182/full#js

[daz] 22/11/2017 13:20

While there is uncertainty around what will happen next, I lean towards being positive as you would think the new leaders will want to re-integrate with the world economy as the growth that that implies should lead to more prosperity.
Knowing the country well must be a big advantage for CMCL, if the new regime is more mining friendly.

[stemis] 22/11/2017 11:25

It clearly depends on what takes over from Mugabe. However if it's a regime which seeks to attract foreign capital and restore prosperity then the precursor must be normalisation of the business environment (rather than the economy being the private bank of Mugabe and his cronies) . That's got to be good for Caledonia, which trades on a current P/E of around 5 with net cash and big expansion in the future

[stoneme] 21/11/2017 18:46

This looked a great investment even before this news. . . Whilst potentially unsettling for a time, this can only be good news!

[temmujin] 19/11/2017 12:50

although i think VAST resources is the better buy if they can get their Maranga mine back

[temmujin] 19/11/2017 12:49

mugabe out now...might buy in monday

[ukgeorge] 15/11/2017 12:32

I'm tempted to buy :) be interesting to see how the US takes the news

[ukgeorge] 15/11/2017 12:32

From share price Angel

Zimbabwe – The army takes control of Harare, national broadcaster, airport and the personal residence of the head of state.
• Military actions are seen as a pre-emptive measure to stop Grace Mugabe, the president’s 53-year-old wife, and her allies to succeed the President.
• Developments are believed to have been sparked by a sudden dismissal of Emmerson Mnangagwa, the vice-president, veteran of Zimbabwe’s liberation war and the expected successor to Robert Mugabe.
• Mnangagwa, a former Minister of State Security and Minister of Defence, has close ties with military forces with separate reports saying former Vice President has already flown back to Zimbabwe to potentially take control of the government.
• Maj Gen Sibusiso Moyo has stated that this is not a coup and that the president and family are safe and sound and their security is guaranteed while actions are targeted at removing “criminalsR21; around Robert Mugabe.
• The army has taken over the state ZBC TV station and announced that it is seizing power to target "criminals" around President Robert Mugabe, people who have caused ‘social and economic suffering’.
• Zanu-PF had accused Gen Chiwenga of "treasonable conduct" following comments that the army was prepared to end the recent political purges within Zanu-PF.
• The Army have arrested the Deputy Director of the Central Intelligence Organisation and the President of ZanuPF National Youth League who is a known supporter of Grace Mugabe.
• The military and the people are reported not to be keen to see the empowerment of Grace Mugabe and the empowerment of a Mugabe dynasty. They are also unhappy at the purging of a number of former war veterans from the liberation of Zimbabwe in the 1970s including Mr Mnangagwa.
• While the military action has been described as a ‘bloodless correction’ it is possible that the political transition may be used as an opportunity to settle a number of old scores.
• In 1980 Robert Mugabe signed an agreement with North Korea to train and equip the Fifth Brigade for the Zimbabwe National Army.
• The Fifth Brigade brutally crushed ZAPU resistance in Matabeleland with atrocities committed in which >10,000 civilians were reputedly buried in mass graves. The Matabele may well seek revenge against the Shona for the ‘Gukurahundi’ meaning, ‘the rain which washes away the chaff before the spring rains’.

[fredfishcake] 15/11/2017 11:18

Can't sell shares through SIPPDEAL or Charles Stanley. Let's hope the rule of law triumphs.

[stoneme] 10/11/2017 07:51

Good update folks?

[stemis] 05/10/2017 07:36

There you are. Strong production figures and reiterate 80,000 oz target for 2021. Just a waiting game till this goes through 800p...