Caledonia Mining Share Discussion Threads

[thechurch333] 21/6/2018 15:22

Stemis - 100% agree - again!

[stemis] 21/6/2018 15:17

It may seem optimistic but I'll just repeat the post I made last month:- ---------- SteMiS 1 May '18 - 13:46 - 423 of 435 Edit http://www.edisoninvestmentresearch.com/research/report/caledonia-mining738695/full DCF valuation = 911p. Interesting that their cashflow projections show that by 2021 they will have net cash of $85.3m and an ebitda of $76.6m. Current market cap is $99.7m. If they hit these numbers can't see the share price in a couple of year as anything other than at least 3 or 4 times the current level. ---------- Market cap is now $93.3m. Current dividend of 6.875c per quarter costs a paltry $2.9m.

[thechurch333] 21/6/2018 10:54

New presentation on the company's website given to the Natural Resources Forum yesterday. Well worth reading. Talking about options for deploying cash-flow. Openly talking of a six-fold increase in the dividend by 2021 if no better opportunities come along.

[thechurch333] 20/6/2018 14:03

SteMis -agree 100%

[stemis] 20/6/2018 13:56

What is specifically attractive about CMCL is that they are in a great place to take advantage of the improving political situation in Zimbabwe. They have on the ground knowledge and capability, a cash cow there and, I imagine, government contacts. Zimbabwe need development of their mining to bring tax revenue and foreign currency. I'd rather CMCL did that than diversify into other countries. If I want diversification into other countries I can do it myself.

[fredfishcake] 20/6/2018 13:28

I agree, this lot are probably a better bet that their predecessors, and CMCL did well under their predecessors anyway. I'm a long way from saying that this is a bad investment, just that Zimbabwe is on the riskier end of the spectrum. If CMCL had the opportunity to diversify into other countries, it would reduce the overall risk.

[thechurch333] 20/6/2018 10:48

fredfishcake - I think that's a reason for not investing under the previous Zim regime. All the signs are that the new regime want to expand the mining industry to get some much needed dollars into the economy. They need the likes of Caledonia to achieve their aims.

[fredfishcake] 20/6/2018 10:38

I wonder whether there's any scope for diversification here? I'm normally all for sticking to their knitting, but a sizeable proportion of investors just won't touch a company which could vanish overnight at the whim of the Zim government.

[sharesoc] 20/6/2018 10:30

Caledonia Mining’s presentation from our recent London seminar is available here: hTTps://www.sharesoc.org/members-area/

[sharesoc] 09/6/2018 14:02

Caledonia Mining present at our London seminar on Wednesday which may be of interest to shareholders or potential investors, limited places available: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-13-june-2018/

[sharesoc] 30/5/2018 12:17

Caledonia Mining present at our London seminar on the 13th June which may be of interest to shareholders or potential investors, limited places available: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-13-june-2018/

[sharesoc] 24/5/2018 12:54

Caledonia Mining present at our London seminar on the 13th June which may be of interest to shareholders or potential investors, limited places available: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-13-june-2018/

[danieldanj] 14/5/2018 07:37

Here’s the link to CMCL’s numbers to take a look at http://crweworld.com/article/news-provided-by-globenewswire/297351/caledonia-mining-corporation-plc-results-for-the-quarter-ended-31-march-2018

[daz] 11/5/2018 10:31

I'm also surprised the company hasn't attracted further interest, the changes in Zimbabwe open up a lot of opportunities and the company has the cash resources, which as above are also growing, and the local knowledge to take advantage.

[hastings] 11/5/2018 06:50

Still way off the radar of most investors, but likely to change as the story continues to build.

[338] 11/5/2018 06:44

£25 is my target when the company can secure another new licence somewhere else in Zimbabwe

[stemis] 01/5/2018 12:46

http://www.edisoninvestmentresearch.com/research/report/caledonia-mining738695/full DCF valuation = 911p. Interesting that their cashflow projections show that by 2021 they will have net cash of $85.3m and an ebitda of $76.6m. Current market cap is $99.7m. If they hit these numbers can't see the share price in a couple of year as anything other than at least 3 or 4 times the current level.

[stemis] 25/4/2018 08:58

Even at £7 this is only on a P/E of 5.2 - 6.0 and if you deduct the cash 4.6 - 5.3. With significant expansion in the pipeline, which should at least increase profits by 50%, that's still very cheap.

[hastings] 25/4/2018 05:56

That's good to know, looking forward to the open then!

[338] 25/4/2018 05:50

£7 in USA & Canada

[338] 24/4/2018 06:26

680p in USA & Canada

[338] 20/4/2018 11:08

the share price in Canada and USA was equal to 650p so the MM should re-allign it here at some point today or next week...

[stemis] 05/4/2018 15:16

Their EPS forward guidance will factor in their 49% attributable

[chipperfrd] 04/4/2018 15:59

Really good news and looks like another positive year for CMCL. But, in terms of revised EPS and forward P/E for 2018, one needs to factor in their 49% attributable. However, they still look cheap. Chip

[daz] 04/4/2018 13:29

Yes great news and CMCL have been in Zimbabwe for many years, which other companies have shunned, so they must be in prime position to pick up new assets. I'd like to think they saw this situation coming and have already run the slide rule over a number of opportunities. As mentioned above they have cash and an existing profitable mine, so hopefully they can fund further expansion out of cash flow.