Caledonia Mining Corporation CALVF Stock Technical Analysis TA -
TA - Across the line Bullish - Very Bullish -
Overall - Short - Intermediate - Long
Bullish (0.42) - Bullish (0.44) - Very Bullish (0.54) - Bullish (0.27) http://www.stockta.com/cgi-bin/analysis.pl?symb=CALVF&num1=25&cobrand=&mode=stock Caledonia Mining 2011 Third Quarter Results
TORONTO, Nov. 10, 2011 /CNW Telbec/ -
Caledonia Mining Corporation
("Caledonia") (TSX: CAL)
(AIM: CMCL London, UK) Financial Highlights
Gross Profit (i.e. after depreciation and amortization but
before administrative expenses) was $9,364,000
compared to $1,607,000 in the comparative quarter.
This is almost a six-fold increase on the comparative quarter
and is the seventh consecutive quarterly increase in gross
The average price received per ounce of gold sold during the
Quarter was US$1,737
compared to US$1,241 in the comparative quarter. Caledonia recorded net profit before tax of $8,442,000.--
compared to $742,000 in the comparative quarter which
represents an 11-fold increase. At September 30, 2011 the Corporation had no debt
except current trade payables (September 30, 2010 $1,680,000)
and had cash and cash equivalents of $6,847,000
(net debt as at September 30, 2010 $226,000).
Blanket made payments in respect of direct and indirect taxes,
royalties, licence fees, levies and other payments to the
Government of Zimbabwe during the Quarter totalling
US$3,847,000 (US$3,307,000 - Q2 2011).
Blanket Mine's Occupational, Safety and Health policies and
procedures were audited by the National Social Security
Authority (the "NSSA") as a result of which Blanket was
awarded the NSSA gold medal in the Mining and Quarrying sector
in Matabeleland and the bronze medal across all industrial
sectors in Zimbabwe. Work on the 4-hole drilling program at the Konkola West area of
the Nama base metals project in Zambia has continued.
At the end of October, 3 holes had been completed and the drill
rig had been moved to the fourth hole.
The conclusions from this program will be provided when
Management has received and evaluated all of the results. Great Caledonia Mining presentation and confirms my decision to buy more Nov. 2011
- http://www.caledoniamining.com/pdfs/CALPres11212011.pdf GOLD POG target for the Intermediate Wave III of Major THREE should be around bargain fiat$$4,500.-- per ounce - http://www.gold-eagle.com/editorials_08/wilsonl112111.html As you can see, gold would need to trade closer to $10,000 per ounce
to cover all the paper issued over the period.
This confirms, in my mind, that although gold is rising rapidly
towards $2,000 an ounce, gold investors need not fear that it is
in a bubble or that its upward momentum is nearing an end. http://www.gold-eagle.com/editorials_08/conrad112211.html Great Caledonia Mining presentation and confirms my decision to buy more - http://www.caledoniamining.com/pdfs/CALPres11212011.pdf CAL.C Caledonia Mining C Com TA ST Very Bullish Technical Analysis -
All TA Bullish Across the Board -
Overall Short Intermediate Long
Bullish (0.41) Very Bullish (0.54) Bullish (0.33) Bullish (0.36) http://www.stockta.com/cgi-bin/analysis.pl?symb=CAL.C&num1=21&cobrand=&mode=stock CALVF Chart Weekly LT TI MACD Alert Buy Zone - CALVF chart TA alert bull breakout overdue
- CALVF not much available - http://www.otcqx.com/qx/market/quote?symbol=calvf Caledonia 3rd Q's Recorded Net Profit of $8,442,000 compared
to $742,000 in the comparative quarter which represents
an 11-fold increase -
Caledonia Mining says Q3 after-tax profit reaches $6.1 million -
By The Canadian Press | November 10, 2011
TORONTO - Caledonia Mining Corp. (TSX:CAL) says it made an
after-tax profit of $6.1 million in the third quarter,
or $1.23 per share.
That was a handsome increase over the $742,000, or 15 cents
per share, the company made in the same period a year ago.
Caledonia's quarterly revenue was $16.6 million compared to
$6.3 million in the third quarter of 2010.
The increase in profit was primarily due to an 18 per cent boost
in gold production and a 15 gain in the average price of gold.
Toronto-based Caledonia is an African-focused miner with the
operations in Zimbabwe, South Africa and Zambia.
In late August, Caledonia said it had resolved a dispute with
Zimbabwe over the future ownership of the company's
Blanket gold mine.
Carbon in Leach Circuit.
Secondary Crushing & Screening Circuit feeding the Mill bin. http://www.caledoniamining.com/blanket3test2.php http://www.caledoniamining.com/blanket4test2.php
Genset Hall: Interior (Date taken 10 May 2011)
Genset Hall, showing gantry lifting system
(Date taken, 10 May 2011)
Other Exploration Projects
Eagle Vulture Gold Mine: headgear, winder house and compressor house
on the extreme right (February 2011)
Blanket will continue its exploration activities on other
brownfield projects subject to the availability of funding.
These activities will include detailed sampling and pitting of
the previously identified gold anomalies in order to determine
the potential scale of the mineralisation.
While larger occurrences will be followed up and drilled by
Blanket itself, the smaller prospects may be combined with
adjoining claims held by third parties such that viable mining
entities may be formed. Blanket would retain an interest in
such properties. New headgear above the existing
Mascot God Mine shaft which extends
down to 4 Level 150 m below surface
(taken September 2010).
On certain of its properties, Blanket has already entered into
tribute agreements with indigenous, small-scale miners.
The tribute agreements provide for Blanket to receive a royalty
in respect of any production from the relevant properties.
Tribute agreements also allow Blanket full visibility of the
results of any exploration and mining activities that are
undertaken on the properties by the tributee. Blanket has brownfields Gold Mines projects in the vicinity of
the existing mine operations, many of which were mined
commercially from the early 1900s until the 1960's.
At the time of their closure, only the highest grade portions
of these mines had been extracted, leaving significant amounts
of lower grade mineralisation in the workings. In addition, these old ore shoots remain open to depth and
require further exploration to determine their full potential.
New headgear, winders and winder house and compressor
installed for the purpose of sinking a new shaft down
to Level 4 (approx. 150m below surface). Advances in exploration, mining and metallurgical technologies
over the last 40 years means that such old workings
may now potentially be economically viable on a sustainable
basis and not just because of the high gold prices which
Some of these workings therefore have substantial infrastructure
in place which facilitates more rapid underground access
for exploration, development, evaluation and the potential
resumption of mining activity. Blanket has commenced exploration on certain of these areas
in order to better assess their suitability for further
development as potential satellite operations, providing
sources of broken ore for the existing Blanket metallurgical
Blanket already has installed facilities to receive broken ore
by road from satellite mines and it has substantial surplus
capacity in its crushing, milling and CIL circuits.
The brownfield projects that have been prioritised as targets
for immediate exploration development - GG Gold Mines Project -
is located approximately 7 km south of the existing
Blanket Gold Mines operations -
The GG targeted ore body occurs in sheared and altered basaltic
rocks of the Mafic unit (like Blanket's ore shoots) and
old workings are limited to shallow excavations.
Blanket carried out a preliminary geological investigation
followed up by a 16-hole diamond drilling program which
showed encouraging gold values over highly varying widths.
Gold enrichment is associated with arsenopyrite which occurs
in quartz shears within broad zones of bleaching
(carbonate and mica alteration).
The highest grades are associated with the intersection of
two vertical shear zones and therefore follow a steep shoot
structure with a strike of about 150 meters.
The mining of exploratory drives, raises and cross-cuts will
be required to determine the shape of the mineralisation
in 3D and hence determine the optimal shape of the shoot
for mining purposes.
Work commenced on excavating a 140 meter deep exploration shaft
in May 2010 and underground development is expected to
commence on the 60 m and 120 m levels in late 2011.
Pre-sink work has been completed and the headgear and a winder
have been installed.
This development will provide the exposure necessary to map
out the geology and evaluate the mineralisation, as well
as provide a bulk sample of reef material for metallurgical
All reef development ore that can be treated profitably at
Blanket's metallurgical plant will be sent there for treatment.
In the event that the GG prospect is shown to be viable,
production could re-commence with more work of investments - http://investorshub.advfn.com/boards/board.aspx?board_id=5294 http://www.canadianbusiness.com/article/56339--caledonia-mining-says-q3-after-tax-profit-reaches-6-1-million Gold targets: $6,000 – $7,000 – $10,000: http://goldswitzerland.com/index.php/gold-entering-a-virtuous-circle-egonvongreyerz/ GOLD chart TA Alert LT 2nd Wave Bull Ru
n Note. its often 5 wave in LT Futures Bull Runs
China world trying to corner commodities in Gold and Food futures -
imo i think this is china world trying to corner commodities
E.g., Keep an eye on CALVF Gold Mines -
Get it before China pick up the Au bargain -
CALVF's Blanket Gold Mines production targeted 60,000 oz gold 2011 http://www.caledoniamining.com/pdfs/CALPres05262011.pdf http://www.caledoniamining.com/pdfs/CALPres05192011.pdf http://www.caledoniamining.com/blanket2test2.php
CAL:TSE - Profitable Gold Miner! (CALVF:US)(AIM,LONDON:CMCL)(TSE:CAL) http://www.caledoniamining.com/blanket.php Gold Mines Producers often 1st of the Au Bulls to Fly HIGH ~
Got CALVF Au & Cu -
Shona Mashona Masonic Zimbabwe - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59249631 http://www.caledoniamining.com
God Bless http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65504488