Caledonia Mining Share Discussion Threads

[338] 20/8/2019 13:06

Soon the quarterly gold production can steadily increase

[stemis] 20/8/2019 12:14

I'm sure it is. The question is when...?

[338] 20/8/2019 11:57

Heading back to £7+

[stemis] 20/8/2019 08:35

Bit of a director buy. Not massive but encouraging that nothing is amiss at least..

[stemis] 13/8/2019 08:04

earning per share is on target between $0.86 to $1.17 or £0.71 to £0.97

EPS in H1 was 53.5c.
H1 production was 25,582 oz (H2 forecast is 24,418 to 27,418)
Av gold price was $1,296/oz (it is currently $1,523/oz)

I'd have thought that it's quite possible the company will exceed EPS of $1.17, pushing P/E under 4.5. Company has cash and yield of 5.0% paid quarterly. On target to increase production by 50%. Even without any commensurate reduction in costs/oz that alone would reduce P/E to 3.0.

[buywell3] 13/8/2019 07:07

Zimbabwe has currency issues = RISK

[338] 13/8/2019 06:43

Gold production won't increase this year.

However, the earning per share is on target between $0.86 to $1.17 or £0.71 to £0.97

With P/E of 8, the share price is undervalued

Institutions should keep their 65% share holding. Let's see how retailers will react to Q2 report and future outlook.

[338] 12/8/2019 10:41

Interim report tomorrow will be interesting to know when the gold production will start climbing up

[3800] 25/7/2019 20:42

Looks like the shaft sinking at the new Central Shaft at Blanket Mine has been completed. So output is sheduled to increase to just over a tonne a year by 2022

[stemis] 20/3/2019 09:48

The currency issues in Zimbabwe don't seem to be affecting production that much although clearly have slightly delayed the mine expansion (by only a few months I'd guess). I think it's inevitable though that the share price is going to be largely driven by political sentiment in the short/medium term.

[338] 13/3/2019 08:53

have you seen SHG is moving up this morning... plenty more good news... 10 baggers potential

CMCL is stable

[stemis] 27/2/2019 14:05

Not great news but since the MMs have walked the price down 40% on the back of the situation in Zimbabwe, a 25-30% reduction in earnings hopefully shouldn't have too much long term impact on the share price.

[livewireplus] 27/2/2019 13:53

Indeed. Unfortunately it is a recurring hit on eps :-(

[sandeels] 25/1/2019 10:42

J of A, you may be right about walking the price down and holding ones nerve. I've lost mine and decided to cut my loss a couple of weeks back on the basis that i) it could be a long wait and ii) better to take a loss and switch to one of the many great opportunities out there right now. A shame as this has so much potential. I'll keep watching though and may get back in once the political situation improves and the effect of doubling the cost of fuel becomes clear.

[joan of arc] 22/1/2019 16:03

Looks like Zimbabwe is going down the tubes again. How bad will it get? I would have thought they would do everything they can to keep the gold flowing as it is a dead cert for getting foreign currency.
It is clear the MMs are walking this down to draw out panic sellers as there is no volume of trading. I guess we just need to hold our nerve.

[stemis] 14/1/2019 08:22

So far production seems unaffected by the currency issues in Zimbabwe, with Q4 output (14,952 oz) the highest quarter this year. Guidance for next year is 53,000-56,000 with no mention of currency issues. Company on track with central shaft and increase in production to 80,000 oz from 2021 and next 5 months gold price hedged at $1,250/oz. All good news it seems.

[stemis] 15/11/2018 08:55

The investment proposition here isn't really the dividend but the impending increase in output from 55,000 to 80,000 oz and the low rating.

Comparing last half year reports

CMCL - output 25,582, earnings $8.0m, net cash $5.3m, market cap $61.3m
AAZ - output 37,349, earnings $5.1m, net debt $2.9m, market cap $110.8m

If CMCL was on the same rating as AAZ it's share price would be 3 times what it is now.

[broken_arrow1] 15/11/2018 07:50

Looks like AAZ is the safer dividend play v CMCL given recent events in Zim - they are also going to be far more aggressive increasing the payout, the forward yield is over 6% right now

[meanreverter] 14/11/2018 17:48

IG credited my CMCL dividend on 13 Nov.