Caledonia Mining Share Discussion Threads

[pi0110] 30/6/2021 09:32

Sceptic, what's changed to make you say that? CMCL reached £18 last year

[scepticalinvestor] 30/6/2021 07:19

Due to the extensive jurisdictional risks cant see this being worth a punt above 400p

[mikkydhu] 26/6/2021 19:01

I wonder if that trade is anything to do with a possible listing on the new Victoria Falls Stock Exchange?

[ntv] 26/6/2021 12:43

Massive trade in the states last night with nearly 10% of the company changing hands in a single block

[papillon] 23/6/2021 00:52

"The latest London South East Webinar takes place on July 6. Come and hear CEO’s from Orosur Mining, Caledonia Mining, Glantus Holdings and Tekcapital speak."

Taken from the lse website.

[3800] 22/6/2021 21:29

Last summer CMCL was twice the current share price, gold is down from $2000 an oz at its peak to $1777 now,no idea what the dividend will be but I am expecting one though.
3800

[mikkydhu] 22/6/2021 18:34

Last year, on 29th June, the company announced an increase in the dividend. By that date they would have known almost the total production for Q2. Will they do something similar this year?

[papillon] 03/6/2021 12:37

There is a lovely bottoming out process going in the CMCL chart. Like the left hand side of a big cup. The fundamentals look good for gold (and CMCL) going by last week's RNS. I expect the right hand side of that big cup to start to form soon. Could be that in H1 2022 we are looking at the CMCL share price retesting last summer's high. All dependent on the gold price rising in line with analyst's forecasts, of course.

[buoycat] 22/5/2021 15:58

Markets may look forward. Charts can only look back!

[dozey3] 17/5/2021 12:05

Markets are forward looking, and the chart does not show any confidence.

[mikkydhu] 17/5/2021 11:42

There's a new presentation on the website in the form of an interview with the ebullient Jochen Staiger of Commodity-TV-Rohstoff-TV. Mark Learmonth explains in much more detail the reasons for the poor first quarter results. Fortunately, all the issues are now fixed.

[ntv] 13/5/2021 17:33

Tipped in IC

[stemis] 11/5/2021 13:25

Sorry, I was reading the 'Results of the AGM' and the votes against the re-appointment of Wilson and McGloin, which didn't seem to be the case for the others.

[dozey3] 11/5/2021 10:46

What do you mean? Why post?

[stemis] 11/5/2021 10:07

What has someone got against Wilson and McGloin?

[melody9999] 09/5/2021 00:17

Stemis - agreed - the new shaft will allow them to explore deeper and further which should help increase resource

[mikkydhu] 28/4/2021 10:33

Among those who do trust the company and its management are some leading Zimbabweans who were present to support the company on 6th October, 2020, at the signing of the MOU between the company and the Govt of Zimbabwe regarding a possible agreement around some government owned gold assets.

They included the following:
H.E. Emmerson Mnangagwa, President of Zimbabwe
Constantino Chiwenga, Vice President of Zimbabwe
Winston Chitando, Minister of Mines
Polite Kambamura, Deputy Minister of Mines
Onesimo Moyo, Permanent Secretary for Mines

Onesimo Moyo said, "This signing is a sign of trust of confidence in our economy."
The President said, "My government stands ready to support..."

Trust is a two-way thing: The company trusted the Government of Zimbabwe sufficiently to invest over $65 million in the new shaft and the Government of Zimbabwe has reciprocated by trusting the company to investigate its gold assets.

I am prepared to trust both parties.

[338] 27/4/2021 16:09

$100m is going to be used to develop new mining site in the next 36 months, I guess... They registered it yesterday buy not officially sold?

[stemis] 27/4/2021 13:05

I think they've specifically said they are not going to invest in blue-sky-high risk projects.

CMCL has two issues (IMO) which occasionally act to depress the share price.

1. Country risk - they are 100% in Zimbabwe. All one can say about this is that they managed pretty well so far. I suspect they are 'quite' well connected and Zim has an obviously motivation for keeping miners sweet, but it's inherently a volatile situation.

2. Resources - they don't have huge declared M&I; only 805k oz at July 2018, when they've produced about 160k since. Truth is, there's plenty more gold down there. They just haven't defined it.

[drradcliffe] 27/4/2021 12:32

I've met the management, albeit a few years ago now, when I invested much more heavily in gold miners. I thought they were straight, and that view is pretty widely held amongst those that are serious about investing in this sector. I really don't think there's an issue of trust in the management. Any new projects, who knows.

[dozey3] 27/4/2021 10:35

The sustained weakness in SP, even after the successful central shaft development, is worrying. It suggests the market is yet to be assured that shareholders are going to get their just rewards, and that management are not trusted. Are they going to invest most of the cash being thrown off in new blue-sky high-risk projects? I fear so.

[drradcliffe] 27/4/2021 10:17

hxxps://www.sec.gov/Archives/edgar/data/766011/000117184321002746/0001171843-21-002746-index.htm

It looks like they are registering the right to raise $100m through the US markets using a mix of ordinary shares, preferences and warrants IN FUTURE. If it was a capital raise now, which would mean dilution of existing holders, they would also have to announce in the UK through RNS. So, I believe this could be a US market SEC technicality for now. The real question is why would a cash generative business like Caledonia Mining need the money. What are they planning to acquire?

[stemis] 27/4/2021 08:42

Where did you get that from?

[ntv] 26/4/2021 18:11

Announcement in the US re some sort of capital raise $100m

[mikkydhu] 26/4/2021 15:01

Thanks, 338, useful to see CMCL's production for the quarter in a wider context.