Caledonia Mining Share Discussion Threads

[bump3r] 17/1/2013 14:26

Edison note out

[338] 16/1/2013 22:02

The offer should exceed 8p very soon... Then 10p in Feb....dyor

[stemis] 12/1/2013 09:16

From HB Markets

Our view: Caledonia Mining's latest announcement of increasing gold production to 76,000 oz by 2016 at its Blanket Mine in Zimbabwe is a major positive. Blanket's highly efficient metallurgical plant has considerable surplus capacity, and can process significant volumes of additional ore with only a modest investment required to upgrade the existing infrastructure. This upgrade builds on a year of tremendous progress during which Caledonia became the first foreign owned gold mine in Zimbabwe to comply with local indigenisation legislation. So far, output has exceeded the company's guidance, while costs have been below those forecast by the market. Furthermore, Blanket holds 18 licensed satellite exploration properties, on which there has been some historic gold mining activity, opening up an opportunity to tap into additional resources. Also, highlighting its transition to becoming a cash generating business, the company had announced on 19th November 2012 that it would pay a maiden dividend, a rarity in the small cap mining sector. With record operational results and strong cash flows, Caledonia is well positioned to further develop its current assets. We maintain a Speculative Buy rating on the stock.

[gwr7] 09/1/2013 11:36

Well run company imo. Bottom line looks great going forward. Low cash producer and a progressive dividend policy. Thank goodness it's in Zimbabwe otherwise the value would have gone long ago.

[humbugg] 09/1/2013 08:23

and more NICE
:-))

[stemis] 09/1/2013 08:23

That's what you call a strategy update!



A medium term 96% increase in gold production by 2016, funded entirely from internal cashflows, with potential to increase further if exploration successful at satellite sites. Plant capacity is about 110-120,000 oz pa.

[sammy_smith] 07/12/2012 17:37

Caledonia Mining Corp (AIM-CMCL, TSX-CAL)
Mark Learmonth, VP Investor Relations & Corporate Development
Caledonia is an exploration, development and mining company. Caledonia's primary assets are a 49% interest in the Blanket gold mine in Zimbabwe which produces over 40,000 ounces of gold per annum at a cash cost of $508/oz. and a base metals project in Zambia. Caledonia's shares are listed on AIM and also in Toronto and the OTCQX in New York.

Click the link to listen:

[stemis] 19/11/2012 08:58

Wow, a dividend. Wasn't expecting that!

Not sure whether the 1 for 10 consolidation will do much for liquidity, but the bid offer spread is killing this share.

[igbertsponk] 14/11/2012 09:49

Cracking results, steady price increase. Great !

[stemis] 14/11/2012 08:28

Full Q3 report is on web site