Caledonia Mining Share Discussion Threads

[338] 14/11/2012 08:12

The cash is now £15.69 million....

[stemis] 01/11/2012 13:47

Moving up nicely towards the Q3 results in 2 weeks time.

[stemis] 23/10/2012 15:23

Webcast on CMCL



Mostly well known but some interesting snippets. Should see modest incremental production from satellite projects around Blanket early next year. Also downward extension of deeper level resources at Blanket which they know to exist. Should also see proper resource statement for NAMA first half of next year.

[stemis] 22/10/2012 08:57

I'd imagine the next catalyst for a tick up will be the third quarter results in three weeks time. Expecting around $11m+ ebitda for the quarter and hoping for a step up in cash to $25m+. Market cap is now a ridiculous $52m!!!

[338] 18/10/2012 15:40

Good Luck guys... CMCL is going to fly

The Strongest Trend on Earth Says Own Gold Now: Parets

[338] 18/10/2012 08:16

Price is USA already US$0.105 ...up 5% last night... we should see above 7 pence soon...then above 10p

[338] 11/10/2012 13:16

Please open the presentation in July (available on Youtube).. it's mentioned that dividend (to ordinary shareholders) or share buy back could be considered...however the main strategy is to grow the company further using profit from current activities..

[stemis] 11/10/2012 12:00

Indigenisation agreements approved



Blanket can now finalise and implement its growth and development strategy to grow its operations for the benefit of all stakeholders."

[pro van liar_s2009] 11/10/2012 10:29

Vendor-financed
–In the absence of third party funding Caledonia will extend loans to the purchasers
–Loans will be repaid from 80% of the purchaser's share of future Blanket dividend.
–Interest at LIBOR plus 10% on outstanding facilitation balances
–Loan tenor depends on Blanket's financial performance and dividend payments

[pro van liar_s2009] 11/10/2012 09:22

Stemis

yeah what debt ?

[stemis] 11/10/2012 09:19

What debt?

[humbugg] 11/10/2012 09:14

pro,
a tangled web imo

[pro van liar_s2009] 11/10/2012 09:12

So CMCL finance $30m facility for BZ entities and then get the $30m back for giving up 49%?

So that's a wash ? CMCL are left unchanged on their cash/debt position ?

surely then they could have valued the 49% at any number ?

I think I'm still confused. Are their any analyst notes or investor presentations which explain all this ?

[gwr7] 11/10/2012 09:04

They can't return the $30m to shareholders because it doesn't exist. The indigenous Zimbabweans couldn't afford to pay for their 51% stake.

[338] 11/10/2012 09:01

the Blanket Mine was bought under $3m and now 51% worth over US$30.09 million... I hope the surrounding area (satelites) is not included in the price... it would be nice if the company can return part of $30m to the shreholders... or to buy back and cancel 10 - 20% of shares...:)






Caledonia Mining Corporation

Caledonia Mining Purchases Blanket Mine

Toronto, Ontario - June 20, 2006: Caledonia Mining Corporation ("Caledonia")
(TSX: CAL, NASDAQ-OTCBB: CALVF and LSE AIM: CMCL) is pleased to announce that it
has purchased the Blanket Mine in Zimbabwe from Kinross Gold Corporation
("Kinross") of Toronto. The conditions of the agreement which required that the
transaction be approved by the Reserve Bank of Zimbabwe have now been fulfilled.
Although the agreement was signed May 12, 2006 the transaction is effective as
at April 1, 2006. The consideration for the purchase was the payment to Kinross
of $1,000,000 (U.S.) and the issue of 20,000,000 Caledonia shares.

[pro van liar_s2009] 11/10/2012 08:23

What does the mechanics of that Indig proposal financing mean to bottom line ?

does the EV/EBITDA of 0.5x suddenly become 1x ?

or do we allow for debt as well so 1.5x ?

or is it an asset as CMCL provide the loan so back to 0.5x ?

Confused.

[338] 11/10/2012 08:15

this should go up to 9p again by xmas...dyor

[scientologyweirdo] 10/10/2012 09:01

It is cheap. any plans to pay divs ?

[boraki] 10/10/2012 08:56

For 338 :-)

[scientologyweirdo] 09/10/2012 15:49

Not sure how you get to an 'EBITDA of 0.5' ? Did you mean EV/EBITDA ?

[stemis] 09/10/2012 09:01

Great production figures for Q3 - 12,919 oz. That's 12% up on Q2. Costs/oz in Q2 were only $547, and there'll be some fixed costs so should be no higher in Q3. With gold price strong in Q3 there's every chance that profit for Q3 could be CDN$12m+; an EBITDA multiple of ~0.5!!!