Caledonia Mining Share Discussion Threads

[chipperfrd] 09/11/2018 16:39

Just for info: HL paid the CMCL dividends into my accounts on 26th October !

[joan of arc] 09/11/2018 13:18

I was aware of that but I talked to my account manager at IG and told him they should give their broker a good kicking. Pretty well every other broker can credit your account on the day of payment so why can't they credit IG's likewise.

[meanreverter] 09/11/2018 12:49

Joan: It seems that CMCL dividends for IG clients have to go via a broker, who doesn't appear to be in a hurry about passing on other people's money. On checking, I see that the previous quarterly dividend, due on 27 July, was credited only on 6 August—a delay of 10 days.

[joan of arc] 09/11/2018 11:59

PS I've already alerted them to the CMCL divi which supposedly they are investigating

[joan of arc] 09/11/2018 11:58

Agreed but their dividend management is abysmal. I also told them that the way they present transactions and statements against your account is poor.

[meanreverter] 08/11/2018 22:35

Joan of Arc: I'm with IG too, and didn't get the CMCL dividend promised on 26 October. I will be taking it up with them. To be fair to IG, they do answer phone calls promptly, and make an effort to sort out things that have gone wrong.

[joan of arc] 07/11/2018 16:22

Thanks SteMIS. I'm with IG and they are very bad about paying divis. I have had several problems with them before and a few more now.

[stemis] 07/11/2018 08:21

I received a dividend on 26 October

[stemis] 07/11/2018 08:18

Gold export must be a good source of foreign currency so I don't see why CMCL can't use that to fund their requirements. It would be somewhat self defeating for the government to stop them doing that if it interfered with mining and production; last year CMCL paid $12m in taxes and royalties, plus the salaries and local purchases - all (directly or indirectly) in $.

[joan of arc] 06/11/2018 19:09

Another question. Has anyone not received their recent dividend?

[joan of arc] 06/11/2018 19:08

Well now we know a reason for the massive share price fall. the next question is how serious could this get?

[argoal] 05/11/2018 13:34

I've just put my toe in the water here with a modest 2K purchase. In the absence of any news the fall looks very overdone. Buying in here fits my longer term strategy of having 10% of my portfolio in Gold or Gold mining stocks. There is a lot that could go wrong here but with a yield of 6.5% plus a P/E under 4 it looks like there is a decent chance of this doubling or better. If positive news comes up then I'll be happy to add again.

[stemis] 05/11/2018 10:59

Even for CMCL this share price weakness is odd. P/E now under 4

[sharesoc] 04/11/2018 15:22

Caledonia Mining present at our growth company seminar in London on the 14th November, may be of interest to current shareholders or potential investors: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-14-november-2018/

[sharesoc] 23/10/2018 13:00

Caledonia Mining present at our growth company seminar in London on the 14th November, may be of interest to current shareholders or potential investors: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-14-november-2018/

[stemis] 11/10/2018 09:22

Relatively mild profit warning (15-20%) due to slightly weaker gold price and production coming in at lower end of forecast. Now on a heady P/E of 4.1 - 4.4, with net cash and dividend and on track to increase production by 45-50% (and therefore profit by more). Dividend yield is 4.4%. Just going to sit here and wait.

[danieldanj] 20/9/2018 10:37

Caledonia Mining (CMCL) News Out Just Now http://crweworld.com/article/news-provided-by-globenewswire/808927/caledonia-mining-corporation-plc-resource-upgrade-at-the-blanket-mine-zimbabwe

[stemis] 20/9/2018 08:53

RNS:- "total Measured and Indicated gold ounces at Blanket mine have increased by 13 per cent from 714,000 ounces, in August 2017, to 805,000 ounces, as at July 2018." Caledonia just doing what they do; find more gold, increase production, generate cashflow, distribute it to shareholders.

[stemis] 31/8/2018 11:53

I've never been able to understand what drives the short term share price here, but as long as they keep banging out the profits and making progress towards their stated goal of 80,000 oz production I'm confident that, long term, the share price will end up much higher.

[joan of arc] 31/8/2018 11:11

Does anyone have an idea what is causing this price collapse?

[joan of arc] 24/8/2018 14:35

In that case it looks like a very very good deal.

[thechurch333] 24/8/2018 11:58

Looks a very good deal. Remember Caledonia had written off the loan on their balance sheet. Shares have fallen on minimal volume.

[joan of arc] 24/8/2018 11:44

To which the market shows no reaction!