Share Name Share Symbol Market Type Share ISIN Share Description
Caledonia Mining Corporation Plc LSE:CMCL London Ordinary Share JE00BF0XVB15 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -35.00 -3.02% 1,125.00 1,100.00 1,150.00 1,130.00 1,125.00 1,130.00 4,799 08:48:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 71.0 22.2 86.9 12.2 144

Caledonia Mining Share Discussion Threads

Showing 776 to 795 of 1100 messages
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US close +6.7% at 20.4
Gold still going the right way. 1820

sailing john
Yes, very good presentation. They are a very prudent, nuts and bolts management with good shareholder communication. I'm sure if they decide to acquire further assets it'll be low risk.
Many thanks, tightfist.

I've listened to the presentation once and will listen again. It is a great story. Just look at the projection over the next 12 months of costs plunging and cash soaring.
I find the management most impressive. They answer many questions with a series of clearly articulated points. Everything is well thought out and works. The bar chart showing the reserves increasing, not decreasing as you might expect, year after year. Most impressive. And this process, of adding to reserves, will gather pace once they start drilling from underground positions accessed via the new shaft... All good stuff.


The answer is "Yes". My post 598 marks Zimbabwe as being the third largest gold producer in Africa (after SA and Ghana)a few decades ago. A quick search on Google will tell you straight away Zimbabwe has massive amounts of gold. Of course, this gold is not technically "reserves" until deposits have been drilled to the correct standard and found to be economically mineable. But the expectation is that a lot of the gold would be economic to mine.

Last nights closing price in the states was $19.18
based on the $/£ rate of approx of $1.26/£ that equates to a share price of £15.20
Why such a discrepancy ??!!

Isn’t Zimbabwe sitting on a large amount of the worlds Gold Reserves... genuine question?
Thank you for the information, Aim_Trader.

I hope the presentation leads to more investors taking an interest in Caledonian over here. Yesterday over 163,000 shares were traded in the US, but only a paltry 6,759 here.

Caledonia mining is presenting at tonight's Proactive One2One Virtual Forum. Details and registration here:
One consequence of the company's gradual approach to expansion is more cash from the Blanket Mine available for dividends.
Thank you, tightfist.

I wasn’t able to find an easy way to access Mark Learmonth (Caledonia’s CFO) on Virtual Mello, so I went to Caledonia Mining’s website to see if I could find his interview there. I couldn’t; but I was able to see a video presentation by Mark given just after the Q1 results. Here is a nearly verbatim transcript of what he said on the question of the company’s thinking on possible future acquisitions and growth within Zimbabwe. It seems well thought out and he communicates it well.

“We must have looked at two dozen opportunities within Zimbabwe. Let’s not forget that 30 or 40 years ago Zimbabwe was Africa’s third biggest gold producer behind South Africa and Ghana. And geologically it is a very prospective area for gold. It just hasn’t been explored or commercialised over the last several decades for obvious reasons. So we think it’s a great jurisdiction.
Of those two dozen opportunities we’ve narrowed it down to four or five that we really like. None of these are large scale producing operations, so we’re not for a minute thinking of splashing out many, many tens of millions of dollars to buy some asset that’s been run into the ground and would need a huge amount of money to recapitalize it. So that’s not our focus. Let’s be clear about that. We’re looking at brownfield properties where there has been work done, perhaps many decades ago, and that work needs to be refreshed. It needs to be built upon. But typically we’ll be looking at things where we’ll get our hands on the asset for two, three, four million dollars, and over the course of a year or so, maybe two years, spend another couple of million dollars to drill and prove up the resource base, and then take it from there. So the idea is to redeploy some, but not all, of the cash that we generate from Blanket to build out a growth pipeline which will take us forwards for the next decades. But very clearly we don’t intend to blow all the money that’s coming out of Blanket on a big high-risk acquisition in Zimbabwe. So it’s much more gradual.”

Tipped by City Index but you can't trade it on their platform! lol
SP Angel . Morning View . Gold, Copper and Iron Ore continues to post strong gains

Caledonia Mining* (CMCL LN) 1322.5, Mkt Cap £147.5m – H1 gold production increases 12.5%

Caledonia Mining reports that following a 6.2% increase in Q2 gold output at the Blanket mine to 13,499oz, H1 production of 27,732oz is 12.5% higher than the 24,660oz produced during H1 2019.

The company is maintaining its full year production guidance of 53-56,000oz ʺand remains on track with progress towards its target of 80,000 ounces by 2022ʺ.

Acknowledging the unusual challenges posed by the Covid19 pandemic during the quarter, CEO, Steve Curtis, said that ʺTo have achieved a 6.2% increase on the comparable quarter in 2019 during a period where our workforce and supply chains were disrupted is a performance of which every employee should be justifiably proud. Thankfully the virus has not affected our operations or the broader Zimbabwean gold mining sector too seriously although we remain vigilant.ʺ

Mr. Curtis also said that ʺThis strong performance and high gold prices have ensured that the business remains on a very solid foundation as we prepare for the next phase of our growth with the completion of the central shaft in 2020 and increased production to 80,000 ounces by 2022."

Conclusion: Despite the additional challenges of the Coronavirus pandemic, Caledonia Mining’s Blanket mine is remaining on track to meet its 2020 and longer term production guidance as its production builds with the culmination of the company’s long term investment to access deeper level mineralisation.

cpap man
no news on recent large trade either
A trade of 948,000 I think it was or at least around that figure
I wonder who the buyer/seller was?

Price in the good ol' USA closed at $17.90
current $ rate is $1.265 approx
Hence US price = £14.15 approx

Given the C19 disruption, production increase is fantastic coupled with gold moving swiftly up through 1800.

I think Mr M is currently asleep at the wheel in the UK. US prices much more in alignment with recent news!

sailing john
Production figures look on track
Gold has just hit $1800! Might pause for a while but most Commentators seem to think it will keep going given state of world economies and investment opportunities.
sailing john
16% rise in the US last night to close at £13.99 equivalent.....
I wonder if the Bilboes mine is on their list of targets
Many thanks, cpap man.

A very confident account of the company. Curious that there's no mention in this interview of the possibility of acquiring another project to develop. Quite surprising that they are able to increase the dividend while contemplating the expense both of acquiring a new project and developing it.

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