Caledonia Mining Share Discussion Threads

[melody9999] 02/11/2022 18:39

Stem - I agree and think today's RNS re-iterates your comments. Looks a really sensible acquisition. if only CMCL were in a different jurisdiction. Waiting for the interest cycle to peak out and then I think the gold price will head north and CMCL will be in demand again.

[stemis] 12/10/2022 08:44

Company seems to be doing all they can operationally to get the share price up. Record gold production in the quarter (exceeding the 80k oz run rate), restarting oxides operation at Bilboe, and paying a decent dividend. Even directors are buying shares. Cenkos have a £15.09 price target based on $1,650/oz gold price (62% ahead of current level).

[drradcliffe] 08/10/2022 10:28

It's probably safer than most, and a very well run mine. If sentiment returns to gold in these troubled times, would do well.

[buffetcharliemtesque] 07/10/2022 08:16

So the company has nothing to do with the share price Dozey?

[dozey3] 07/10/2022 04:17

The share price reflects political and economic uncertainties not only on Zimbabwe, or even the African continent, but world wide. Can’t see an upturn here but just enjoy the dividend. Not for widows and orphans.

[daz] 06/10/2022 21:56

A forecast forward P/E of around 4 leaves plenty of room on the upside but it seems to have been that way for a while

[stemis] 06/10/2022 00:04

Yield 5.7%, production at top end of forecast and

Caledonia will restart the oxides operation at Bilboes under the terms of a tribute arrangement with a view to creating a cash-generative operation within approximately six months.

Will be interesting to see the contribution Bilboes can make.

Operationally everything seems to be going well, even if the share price doesn't reflect it...

[sailing john] 12/8/2022 07:50

Thanks for the link. I was quietly adding yesterday!
GL SJ

[mikkydhu] 11/8/2022 22:38

Thank you, meanreverter.

Such an interesting account of the company's thinking, progress and discipline, and, in particular, of Mark Learmonth's approach to managing the company and working in Zimbabwe.

[meanreverter] 11/8/2022 20:59

One of the best interviews ever with Mark:

[pj84] 11/8/2022 19:13

Surprised no comment on very good results for the 2nd quarter.

[mikkydhu] 08/8/2022 15:54

"Massive new mill"

On July 21st Mark Learmonth was interviewed by Jochen Staiger of Commodity TV. One interesting point he made was this: "we are building up a modest stockpile of ore which we will eat into when we increase our milling capacity in the next three or four weeks. We've got a massive new mill which is in the process of being commissioned."

This suggests more than just a little extra gold production in the near future. Recently the company said "Management believes there is excellent exploration potential at Blanket at depth, in the old shallower areas of the mine and in brownfield sites immediately adjacent to the existing Blanket footprint."

Perhaps the existing annual production target will be raised before year end.

[robizm] 30/7/2022 21:43

Re electricity they can go down the solar route. A lot of miners (paf and ths) are doing this. Cheaper on costs and cleaner than diesel

[stemis] 25/7/2022 22:37

I think the fact that they've been looking at this for 6 years is further indication that they are not going to overpay. I know they are very interested in another property, but again it's about get the right deal for shareholders. Getting Gapare on board as a major shareholder/director is a big plus for doing deals in a prospective country which is under exploited. They got Maligreen by virtue of having resource on the ground and capital against others which didn't.

[leopoldalcox] 25/7/2022 18:35

Thank you for sharing

[mikkydhu] 25/7/2022 15:26

In this interview Mark Learmonth goes briefly into the history of the acquiring of Bilboes. Strikingly, Caledonia has been looking at this project since 2016. Initially, they made an offer to acquire Bilboes that was not accepted. Bilboes looked at other options before coming back to Caledonia. So Bilboes were looking for a buyer. Perhaps they were looking for a miner whom they could rely on to make a success of Bilboes. I suspect that central to this whole project is Victor Gapare, who is a significant figure in mining in Zimbabwe, and I think is well connected with the government. He is the chief shareholder in Bilboes. In the deal he will have the single largest shareholding in CMCL and become a director on a handsome salary. So it is a win/win deal: Mr Gapare secures a miner whom he can trust to make a success of his mining interest (Bilboes), and CMCL obtain an influential advocate who can secure for the company the electricity they need and the beneficial arrangements for selling the gold.

Mark expects to tie up the conditions precedent by the end of the year.

The interview also covers possible phasing of Bilboes and funding routes forward in very broad outline. It is worth hearing Mark's approach to making acquisitions and developing them.

[ntv] 23/7/2022 13:36

The acquisition has a couple of major stumbling blocks. Constant electricity supply and that Calendonia wants to keep 100% of it's dollar earnings

[mikkydhu] 22/7/2022 15:57

A favourable write up from IC.

[mikkydhu] 21/7/2022 15:18

Additional information about the project.

[leopoldalcox] 21/7/2022 11:45

I was considering a top up at this price, and considering the news today, which I think provides a lot of upside, I've added. If they can spin up the operation again in the timeline they have set out, this could revolutionise the company, massively increasing production whilst diversifying the production at the same time

[3800] 21/7/2022 09:36

seems a lot to pay for company loosing money I hope they know what they are doing

[leopoldalcox] 21/7/2022 09:15

What would your theory be NTV? Can't say I have an opinion on that

[ntv] 21/7/2022 09:07

I mentioned this asset sometime ago as a potential acquisition
Obviously this has taken sometime to sort
The big question for me is why did they waste monies on all the other pointless acquisitions?
You can make your own mind up

[leopoldalcox] 21/7/2022 09:07

Very significant rns this morning. Looks transformative, not a small investment