Caledonia Mining Share Discussion Threads

[stemis] 08/8/2023 21:20

Not actually an employee of CMCL but of a third party contracted to maintain trackless equipment. Sad news.

[1hercule] 08/8/2023 15:22

Fatality at Blanket mine

[stemis] 18/7/2023 09:00

Yes, some interesting comments. Clearly not happy with the way new personnel have managed Blanket in Q1 and Q2 and ended up putting their Johannesberg technical team there to get things back on track. As Learmouth says 'there are no structural deficiencies at Blanket.....you can fix management'

[mikkydhu] 17/7/2023 22:28

Useful interview with Mark Learmonth this morning.

[pj84] 17/7/2023 19:13

Agreed a profitable business paying regular dividends which is still growing despite some short-term setbacks.

[stemis] 17/7/2023 10:47

Not a great update but shouldn't have anything other than a short term impact on CMCL (who still seem confident in reaching their full year guidance at Blanket).

However the share price is now at the same level it was 2 years ago when the gold price was $1,800/oz (cp to $1,950/oz now) and production was for H1 was 29,907 oz (cp to 33,472 oz now) with full year guidance of 61-67k oz (cp to 75-80 oz now).

[drradcliffe] 18/5/2023 20:00

I don't think shareholders have been intentionally shafted here but it's an unfortunate turn of events which will lead to a weaker share price short term. I think Bilboes will come good in time. On paper it looks like it will be a cheap and profitable open pit resource. I think Mark L. and the other directors have done a good job for shareholders over many years.

[dozey3] 18/5/2023 17:16

It is a self-inflicted overhang, which of course will deter new investors. If the directors had stuck to their knitting they would be doing the reverse - share buybacks with oodles of Blanket cash. To be blunt: we have been shafted.

[tigerbythetail] 18/5/2023 14:45

This morning's RNS isn't a classic placing, as such. More a reverse buyback, if you like.
But selling that many new CMCL shares ($30m worth) into the market over time is bound to drive the share price down. The implied dilution is around 10%, but the market will make it more than that, I'm sure (barring a really big run in the gold price).
I remain uncertain about the wisdom of buying Bilboes.

[papillon] 15/5/2023 12:54

You make a valid point, TigerByTheTail.

[tigerbythetail] 15/5/2023 11:53

No, there is a new business risk developing here. I think the share price movement is fair.
In essence, have they paid too much for Bilboes and will it eventually live up to expectations? That's an open question.

[stemis] 15/5/2023 11:01

The Q1 results aren't good but ultimately it doesn't really affect the valuation as they've reiterated the production and cost/oz guidance for the year and it was a short term issue...but of course this is the stock market

Despite gold being at a record price we've lost almost 25% of market value (=£64m) for a minor issue which has probably cost the company maybe ~£10m

[papillon] 15/5/2023 08:39

No wonder the CMCL share price has been weak recently! Very poor Q1 figures announced this morning

[papillon] 28/4/2023 20:05

free stock charts from uk.advfn.com


Heikin-Ashi candlestick chart. Due a bounce?

[papillon] 26/4/2023 12:12

free stock charts from uk.advfn.com


Heikin-Ashi candlestick chart. I've had a very small top up as I suspect the share price will bounce back up off of the support offered by the lower Bollinger Band

[stemis] 26/4/2023 11:40

As usual with CMCL, a complete overreaction to a slight deviation from perfection. A temporary loss of maybe 2,500 oz x $2,000/oz = $5m from Blanket which will probably be recovered. Plus the loss of maybe 10,000 oz x $800/oz = $8m from Bilboe. So $13m less tax - $10m ish. Market cap drops $50m.

[stemis] 11/4/2023 13:20

From the CMCL MD&A - Blanket sells all its gold production to Fidelity Gold Refinery (Private) Limited, a subsidiary of the Reserve Bank of Zimbabwe, which refines and on-sells the gold into the international market.

[meanreverter] 11/4/2023 12:47

Interesting video by an Al Jazeera undercover sting operation, covering the dark side of the gold trade in Zimbabwe:

[dozey3] 04/4/2023 21:08

Fortunately I sold part at 1806 in July 2020, and reinvested at 903 in September 2021. The news since has been positive, with central shaft operating to expectations, solar power replacing large % of diesel costs and more exploration rights. What hasn’t changed is political risk, but with more shares held locally since the recent placing perhaps that has decreased. What have I missed? Perhaps all depends on the dividend - it needs cranking up further. If so then £18 by Christmas.
PS. Can’t say which year.

[3800] 04/4/2023 20:21

I wonder if we will ever see £18 again?
3800

[stemis] 04/4/2023 17:17

Gold through $2,000/oz. CMCL must be raking it in

[papillon] 29/3/2023 12:19

Nice rise.

[dozey3] 24/3/2023 13:13

Yes, it is a tiny placing, completely unnecessary imo given the revenue and profit profile. Perhaps buddies getting a cheap shot at the expense of small shareholders.

[leopoldalcox] 24/3/2023 10:10

I agree - tiny dilution and overdone drop caused by a seemingly large discount, but in reality was a tiny discount compared to longer average share price Bought a little more

[catsick] 24/3/2023 08:57

Its a tiny placing, the percentage drop is more than the percentage dilution which makes zero sense...