Caledonia Mining Corporation (CMCL)

[FIFO_kid2]

I agree Zimbabwe is starting to get dicey again.

I have also read Fidelity Printers is starting to amend terms of payment for their gold on the smaller producers where they only receive 60% of proceeds in dollars and the remainder either in new bond or on deposit with the reserve bank. Its probably going to be eventually implemented for all gold receipts (probably when they begin to ramp up production).

While I think the firm can barely survive with this arrangement I am sure they will begin to see major labor disputes when local wage operating income is paid in new bond.