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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
  -45.00 -3.85% 1,125.00 1,090.00 1,150.00 1,165.00 1,120.00 1,165.00 6,972 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43.9 35.2 221.3 5.2 130

Caledonia Mining Share Discussion Threads

Showing 826 to 849 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
03/10/2020
06:13
Probably they take the view that there are plenty of prospects in safer jurisdictions, which no doubt is reflected in the value proposition here.
dozey3
02/10/2020
17:39
mikkydhu Just hoping the Americans have got this wrong as the price is down well over 40% from the top and still falling though volume seems to have dropped off a bit Certainly Q1 next year is going to be interesting We have just got to be patient
ntv
01/10/2020
17:56
NTV, I'm sure it will not be long before the timing is of diminishing importance, considering what is likely to come. I also added, some this morning and some this afternoon. We should get the Q3 production update in the next two weeks or so. It can only be good news because they would not have increased the dividend today if it were otherwise. Work on the new shaft, temporarily affected by Covid 19, has now resumed, and it will not be long before we get the resulting increased production. They talk of further dividend increases as well as having enough cash for a new project (both to acquire it and, presumably, develop it). So they are very confident that the mine will be generating a lot of cash. And there should be some reduction in payments for electricity once the solar power scheme gets under way. It's a great story.
mikkydhu
01/10/2020
17:33
Totally out of favour in the US at the moment added a few more this morning Timing not good
ntv
01/10/2020
08:52
Agreed. It looks as if they’ve got the idea that the dividend is important to many investors, the more so since general interest rates are near zero.
dozey3
01/10/2020
08:45
Looks like good news all round
stemis
01/10/2020
06:46
Agreed, would be easy to miss the following if you assume (as per the title) that it's just increasing the divi...again! "Central Shaft equipping on track to be completed in Q4 2020 and commissioning to be completed by end of Q1 2021" "As we approach the end of the six-year investment programme at Blanket Mine, we anticipate that the rate of capital expenditure will begin to reduce in 2021. We expect the combination of rising production and declining capital investment to give us greater flexibility to consider further increases in the dividend in addition to possible investment in new projects."
fredfishcake
01/10/2020
06:40
Yes, slightly strange that the Central Shaft commissioning confirmation and timing was secondary to the dividend update.
tightfist
01/10/2020
06:37
Nice announcement. Dividend up 18% Q on Q and up 45% Y on Y. Central shaft to be commisioned by Q1 2021.
pi0110
08/9/2020
19:57
I worked it out that they raised the monies at $21 approx but guessing that was before what was effectively a profits warning (for 2021) caused by the new shaft completion date being delayed
ntv
07/9/2020
22:49
If that's the case then it hasn't been well handled. Surely they could have placed the shares with institutions?
stemis
04/9/2020
07:22
The other thing it could be, if my understanding is correct, is that they've been dribbling out new shares to pay for the solar plant. This has now finished, and again if I understand correctly, they've had to issue fewer shares than they had allowed for to raise the necessary: "St Helier, September 4, 2020 - Caledonia Mining Corporation Plc ("Caledonia" or the "Company") today announces that, further to its announcement on July 24, 2020 relating to a block admission application and an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co (the "ATM Sales Agreement"), the Company has now raised US$13m pursuant to the ATM Sales Agreement through the sale and issue of 597,963 shares in the Company (the "ATM Shares")." Hopefully now this flow of new shares has stopped we can get back more to fundamentals.
fredfishcake
03/9/2020
19:01
Ok, I've done a bit more research. I don't think it's any thing to do with this 'new project' but to potential delay in commmissioning the new shaft. There's a decent article on Seeking Alpha - https://seekingalpha.com/news/3606025-caledonia-mining-corp-management-answers-seeking-alphas-questions-q2-results-and-earnings Here's a few quotes if you are not registered:- the single analyst covering the stock, Cantor Fitzgerald's Mike Kozak, reduced his earnings estimates slightly for 2020, and cut his rating on the stock to Hold from Buy.... ....the COVID 19 Pandemic and associated lockdowns and travel restrictions had a negative effect on the Central Shaft project in the Quarter. Work on the project was adversely affected because several members of the supervision team returned to South Africa prior to the imposition of travel restrictions. Work has continued with the remaining team, but at approximately half of the anticipated rate. The Central Shaft project also requires specialised contractors to travel to Blanket from South Africa and specialised equipment to be transported from South Africa to Blanket; under the current COVID-19 quarantine requirements such travel is impractical and. At this stage, the equipping is proceeding slower than planned and although this has not yet resulted in significant delays. The Company is receiving high level support from the Zimbabwe Government to address this matter with the corresponding departments in the South African Government. Currently it is not possible to predict when travel and other restrictions will be lifted so that work can resume on the project as planned. Accordingly, it is likely the timetable for commissioning of the Central Shaft will be extended to an indeterminate extent. This may affect the anticipated build-up in production which is currently expected to be 75,000 ounces of gold in 2021 and 80,000 ounces of gold from 2022 onwards; it is not currently possible to provide revised guidance. I see this very much as a timing issue but the SE is an impatient beast and I guess some shareholders have less patience that I have...
stemis
03/9/2020
18:13
Unfortunately you can’t compare the two. It’s all about sentiment and buyers balancing sellers. The market has lost faith in management - hopefully it will return.
dozey3
03/9/2020
13:00
I doubt the share price fall has anything to do with the possibility of investing in a new project. The fall has wiped £55/60m off market cap. I don't think anyone has ever suggested they'd be spending that sort of money ...
stemis
03/9/2020
12:39
You are absolutely right melody9999 but that misses the point, which is that in my view the cash generated belongs to shareholders. It should be their decision whether or not to invest in a new prospect. Btw I think the market agrees with me judging by the slump in share price
dozey3
27/8/2020
23:11
I think it is one thing when loss making companies repeatedly raise funds from shareholders. Totally different when the company is generating cash and determines that the best use of that free cash is to invest it to further grow the company (in this case by acquiring another mine.)
melody9999
27/8/2020
10:02
Perhaps I’ve been a bit harsh having read the risk factors. Glad to have sliced a month ago though.
dozey3
25/8/2020
17:50
I'm not sure to what evidence 'otherwise' you are referring? As to 'twinkle in the eye' prospective mine, well, I don't think they've ever suggested they are going to gamble shareholders funds on a speculative venture. I refer you page 4 of their interim presentation hxxps://wp-caledoniamining-2020.s3.eu-west-2.amazonaws.com/media/2020/08/13104216/Q2-2020-Results-Presentation-MM-12082020.pdf
stemis
25/8/2020
17:36
SteMiS, I wish I had your pleasant trusting nature instead of being such a grumpy old doubting Thomas. I’m sure the directors must keep the shareholders’ interests at the forefront of their minds at all times. It’s just that the evidence suggests otherwise. Silly me. A new ‘twinkle in the eye’ prospective mine is a completely different animal to a cash rich low(ish) cost producer. Let shareholders do the gambling if they wish but don’t railroad them into it. SteMiS, hope this doesn’t come across as rude; from your many posts I hold you in great regard, just not this time.
dozey3
25/8/2020
15:37
I think that's unfair. CMCL management have consistently paid a rising dividend and never gone chasing expansion for expansion sake. I'm pretty confident we'll see the dividend rise quite substantially here in the future and any expansion will be prudently undertaken.
stemis
24/8/2020
23:03
Dozey - they are contemplating acquiring another mine, which in the short term will require funds, but in the mid /long term will increase value for all shareholders. Better use of capital than just paying large divis.....though divis are increasing too.
melody9999
24/8/2020
14:19
Sharescope gives CMCL a current cap of £182m. Forecast Norm EPS is 264p at end of this year with net cash. Divi is predicted up 24% at 35p. Now please excuse my ignorance as a newbie gold bug, but whilst I appreciate political risk and ongoing investment in the central shaft and the lom why do they not increase the divi considerably (perhaps x2 or x3) which would surely be possible and attract income seekers? (My residual holding is a free run since cashing half the holding last month, so I'm in no hurry to sell.)
dozey3
14/8/2020
17:23
I just got back in after slicing some profits earlier. Results seemed sound enough unless I missed something
juuunx2
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