Are now over $27 mill., and accounts receivable (vendor loan )
$30 mill. Or a total of $57 mill.
The Day Q1 was announced we had a market cap. of apprx. $43 mill.
These two items add up to 138 Percent of market cap.,
it's very understandable that Allan Grey find that
Caledonia are very undervalued at these levels.
According to recent presentation we have a P/E of 1,
compare that to Rand Gold's P/E 22.
The main difference other than Zimbabwe issue, are the trust
the market have in Rand Gold's CEO Mark Bristow.
by hans3 @ another CALVF BB-forum
In general Allan Gray sees improved Zim investment climate,
(in particular) very favorable impression of
Caledonia following intensive due diligence,
resulting in 12.5% stake commitment:
http://www.stocktube.com/video/caledonia-mining-considering-acquisitions-outside-of-zimbabwe
by SW @ Calvf BB-forum
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101966197
Gold Forecaster Says $2,000 in 2014
May 14, 2014
Guest(s): Bo Polny http://www.gold2020forecast.com
God Bless
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