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Thanks. The mark of leadership is sharing the good times and sharing the pain.
Share the pain, management.
They get compensated handsomely (which is fine when they are paying a dividend) and they get stock options beyond their cash compensation.
The CEO needs to step up and cut the team's pay until the dividend is restored.
This is what a pro shareholder, competent management does: "Newmont (NEM) Announces Hike of 79% in Quarterly Dividend". This is what anti shareholder, incompetent management does: CMCL CANCELS April dividend.
conix posted: "Management needs to reinstate the dividend next quarter--or take a pay cut." Terrific post. Major league, anti shareholder blunder by CMCL management.
Conix........ With a BULlish chartt pattern like that you have produced, which points to higher and higher stock prices, i would be very satisfied with their work....... They guided this company thru the many years of Zimbabwe depression under Mugabe....... The Company has prospered, and will bring the Dividend back again, as the conditions permit, AND increase it as Revenues permit......... This is one Company Management that when they commit themselves, they will prove positive....... I have been in this stock for many years, since 2002, when it was PENNIES....... Look where it is today....... Look what the stock price did today........ Be Happy............
"What good Management Means......." The reason that CMCL is trading at a pathetic 3x earnings with gold trading over $1700/oz, is because of the incompetent, anti shareholder, way over paid management team of Curtis, Roets & learmonth. These bozos made a big time, anti shareholder blunder when they PANICKED & cancelled the April dividend when there was no reason to cancel it. This blunder is a very clear example of the incompetence of the bumbling CMCL management team.
NYBOB.............. Earnings of 3.83 into 11.500 current shares ==== 3.0 PE.............. Where do you think CMCL will be selling with a 3.0 PE when Price of Gold REALLY HEATS UP............... Guess........ $30.00 to $40.00 RANGE................ And to think this little company was in the .03 - .06 cent range......... What good Management Means............... MR. Leigh Wilson, YOU DID A GREAT JOB OF PUTTING THIS SUCCESS STORY TOGETHER..........
Go CMCL baby, GO!!!!!!!!!!!!!
Here is the total compensation for CMCL management for 2019. Steve Curtis- total compensation $730,291, Dana Roets-$662,292, Mark learmonth-$662,292, Adam Chester-$384,563. Total compensation for these four is $2,093,331. This total compensation is undeserved,obscene & clearly displays their incredible greed. These anti shareholder clowns cancelled the very affordable April dividend, stealing cold hard cash from shareholders who depend on the dividends as a source of income, but they did NOT reduce their bloated compensation. Shame on these greedy, incompetent bozos. The number one responsibility of CMCL management is to increase the wealth of the shareholders, not just themselves.
Blanket Gold Mine output jumps 19pc -
10 APR, 2020 - 00:04 0 COMMENTS 1 IMAGES
Michael Tome Business Reporter
Toronto Stock Exchange-listed Caledonia Mining Corporation says it recorded 14,233 ounces of gold output at its Blanket Gold Mine in the first quarter of 2020, a 19 percent growth from 11,948 ounces produced in the relative period in 2019.
The gold producer attributed the bold performance to operational efficiencies, particularly machinery improvements towards the end of last year.
Caledonia Mining Corporation, which is targeting to have 64 percent controlling stake (from 49 percent) in Blanket Mine by year-end, indicated that it aims to maintain sound output levels despite operational challenges being faced in the country.
In 2019 the mining firm managed to produce 55,182 ounces of gold compared to 54,511 in the prior year, translating to a 1,23 percent growth in the year.
In his statement accompanying the first quarter trading update Caledonia Chief Executive Officer Steve Curtis, said the solid performance by the company would minimise the negative impact of the ravaging coronavirus.
He said; “To begin the year with a strong start, at a time of firm gold prices, has established a strong base which is helpful in withstanding any disruptions that may arise as a result of the current Covid-19 pandemic.”
“Subject to the mine not experiencing any unforeseen production interruptions associated with the Covid-19 pandemic, I expect the quarterly production profile to be more evenly balanced throughout 2020 because of the increased focus on development.”
To maintain this bold performance, earlier this year Caledonia announced that it aims to grow its capacity from the pending commissioning of its central shaft towards the end of 2020 financial year.
In the last quarter of 2019, the mining concern announced its successful commissioning of an oxygen plant at the Blanket Mine as part of initiatives to boost production, marking a series of capital expenditure projects that are aimed at growing production and improving operating proficiency.
Meanwhile, in an effort to curb the effects of crippling power outages that were experienced in the country for the better part of last year, Caledonia has signalled its intention to invest in a solar farm, which will minimise downtime of the mine in the event that power outages persist.
The mining firm has been on a positive trajectory having recorded 55,182 ounces of gold in the year to 31 December 2019, which is about 671 ounces better than 54,511 ounces realised the previous year.
Share This:
https://www.herald.co.zw/blanket-gold-mine-output-jumps-19pc/
God Bless
$ 14.311.57 | 12.32%Bid: 14.30 x 100Ask: 14.50 x 300Volume: 5,021
CADTORONTO STOCK EXCHANGEDELAYED PRICEMARKET
CLOSEDAPRIL 9, 2020 3:57 PMEDT
It was a good day today -
RE: Hope they pay a dividend next quarter -
I agree, thank you -
God Bless
Hope they pay a dividend next quarter
Covid-19 measures affect Blanket Mine’s gold production targets
6th April 2020
By Alois Vinga
"THE ongoing three-week long coronavirus lockdown will affect Blanket Mine’s gold production targets as the mining giant is forced to reduce its workforce for social distancing purposes.
“This will reduce the number of employees who can work underground and will result in daily production running at approximately 70 – 80 per cent of the target production rate,” the mining giant said.
Blanket has been permitted to continue with its operations after demonstrating the ability to uphold mining based on Covid-19 standards"....................................................................Blanket operating at 70-80% & the anti shareholder CMCL management team of, Curtis, Roets & Lermonth cancel the April dividend, stealing cold hard cash from all CMCL shareholders who depend on the dividend as a source of income, while these incompetent, self serving, greedy bozos continue to receive THEIR FULL COMPENSATION. All CMCL shareholders should contact management & tell them to reinstate the April dividend immediately.
The irresponsible, greedy, anti shareholder, self serving, way over paid CMCL management team of Steve Curtis, Dana Roets, Mark Learmonth, & Adam Chester, by eliminating the April dividend, has knifed all CMCL shareholders in the back & should be replaced by PRO shareholder, competent management. Not only has this anti shareholder, unnecessary at this time, elimination of the April dividend robbed all CMCL shareholders of a source of cold hard cash income, this anti shareholder action has caused a severe drop in the CMCL share price, currently down 7.5% on the day & down a whopping 38.5% off the high with gold trading over $1600/oz. This is a perfect example of the incompetence of the current CMCL management team. For gold stock investors, there is absolutely ZERO reason to own or buy CMCL stock except for the dividend to compensate for the very high political & economic risk of doing business in the reviled Zimbabwe. Displaying their own personal greed & spitting in the face of all CMCL shareholders, CMCL management while eliminating the April dividend, have NOT greatly reduced their obscene, bloated salaries & terminated their undeserved stock options. The number one responsibility of CMCL management is to INCREASE the wealth of the stockholders, not just themselves.
CMCL's management has voted themselves undeserved bloated salaries. For the year 2018 CEO Steve Curtis salary was $450,000. Total compensation $575,562 salary plus options. Dana Roets, chief operating officer- salary-$418,182. Total compensation salary plus options-$512,678. Mark Learmonth CFO - salary $410,000. Total compensation, salary plus options-$493,267. Adam Chester, general council- salary-$359,178. Total compensation, salary plus options-$406,882. This total compensation is obscene, bloated & undeserved. These greedy clowns also have the nerve to grant themselves achievement options in addition to their bloated salaries. These options are NOT based on share price performance because these bozos don't have the testicular fortitude to base their achievement options on share price performance. No management team should ever be granted achievement options that are not based on share price performance because that is NOT in the BEST INTEREST of the SHAREHOLDERS. Basing achievement option on share price performance is in the best interest of the shareholders. It is obvious that CMCL management does what is in their own best interest, not what is best for the shareholders. The number one responsibility of management is to INCREASE the wealth of the shareholders, not management.
Do they all earn 500 k?
Do they all earn 500 k?
CMCL management cancels April dividend. Another totally unnecessary, anti shareholder action by the greedy, self serving, way overpaid CMCL management. The April divided is easily affordable. CMCL shareholders depend on the quarterly dividends as a source of income. If the virus restrictions continue, the July dividend could have been cancelled if necessary. Notice that Curtis, Roets & Learmonth have voted themselves total yearly compensation, bloated salaries & options, of about $500 thousand each. However, these greedy bozos didn't offer to reduce their salaries & cancel their options until the dividend is restored.That would have been in the best interest of all CMCL shareholders.............
Caledonia Mining Corporation Plc: Deferral of April 2020 dividend decision
Today : Thursday 2 April 2020
Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL) announces that due to the uncertain business environment associated with the COVID-19 Pandemic, the board of directors has decided to defer its approval of the declaration of the second quarterly dividend of 2020. The board will keep this decision under constant review as it monitors prevailing market conditions.
Production at Blanket continues, although at a lower rate than targeted due to the introduction of measures to reduce the risk of infections being transmitted amongst its employees. Blanket also has consumables and spare parts in its inventory to sustain uninterrupted gold production well past the end of the current lockdowns in Zimbabwe and South Africa.
Caledonia has paid a quarterly dividend since 2014 and the payments are an important element of the Company’s strategy to create and enhance shareholder value. Provided the measures taken by the Zimbabwe and South African governments do not result in severe and/or prolonged interruptions to operations, the effect of such measures should not impede the Company’s ability to resume the payment of quarterly dividends.
Caledonia’s cash position on March 26 was $12.5 million. At the current quarterly dividend rate of 7.5 cents per share, the dividend payment that was scheduled for payment in April amounts to approximately $860,000, less than seven per cent of Caledonia’s currently available cash.
Leigh Wilson, Chairman, commented:
“The COVID-19 pandemic has elevated global levels of uncertainty. I have full confidence that our business will emerge from this situation substantially unchanged, but, out of an abundance of caution, we have decided to defer the dividend decision until we have greater clarity on the wider implications of this highly fluid situation.
“The resumption of dividends will depend on, inter alia, Blanket maintaining a reasonable level of production; receiving payment in full and on-time for all gold sales; being able to make the necessary local and international payments and being able to replenish its supplies of consumables and other items.
“Our balance sheet remains in an enviable position and the dividend remains comfortably affordable. Today’s announcement is a continuation of the prudent approach to capital allocation that we have followed for several years - a path that we expect to continue.”
Very smart to answer everyone's question.
Caledonia Mining continues to produce gold in Zimbabwe, while lockdown exemption application is processed
Caledonia has built up a strong inventory of spares to sustain it during the coronavirus uncertainty
Caledonia Mining Corporation PLC -
Caledonia Mining Corporation PLC (LON:CMCL)(TSE:CAL) has said that the lockdown in South Africa declared by President Ramaphosa is likely to have knock-on effects for operations at the company’s Blanket gold mine across the border in Zimbabwe although is currently continuing to produce gold.
https://www.proactiveinvestors.co.uk/companies/news/916062/caledonia-mining-continues-to-produce-gold-in-zimbabwe-while-lockdown-exemption-application-is-processed-916062.html
The supply chain for the procurement of a significant portion of mining consumables and capital equipment comes from South Africa.
A lock-down in Zimbabwe was declared on 27 March, but Blanket is continuing to operate as it has applied for an exemption on the grounds that it is able to operate in a manner that contributes to the management of the spread of the coronavirus.
Caledonia will need to quarantine its employee village and surrounding area and reconfigure its operations to reduce the risk of infections being transmitted amongst its employees in order to qualify for the exemption.
In anticipation of supply chain disruptions arising from the coronavirus, Caledonia has increased the levels of consumable stocks at Blanket in recent weeks. Caledonia estimates that Blanket has adequate critical spares and mining consumables in its inventory to sustain uninterrupted gold production well past the expected duration of the supply interruption including allowing for a period of supply chain and inventory restocking after the end of the South African lockdown on 16 April.
Accordingly, management does not expect that Blanket will be forced to suspend gold production as a result of the disruption in the South African supply chain.
Caledonia had cash on hand, as at March 25 2020, of approximately US$12.5mln.
Cash has been boosted by strong first-quarter production.
Quick facts: Caledonia Mining Corporation PLC
Price: 763 GBX
AIM:CMCL
Market: AIM
Market Cap: £87.87 m
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Caledonia expects no interruption to gold production currently, has US$21mln cash in hand -
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Caledonia Mining Corporation Plc Results for the Year ended
Caledonia Mining Corporation Plc
Results for the Year ended December 31, 2019 and Notice of a Management Conference Call
(NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL)
March 18, 2020
Caledonia Mining Corporation Plc ("Caledonia" or the "Company") announces its operating and financial results for the year ended December 31, 2019 (the "Year").
Further information on the financial and operating results for the Year and the quarter ended December 31, 2019 (the "Quarter" or "Q4") can be found in the Management Discussion and Analysis ("MD&A") and the audited financial statements which are available on the Company's website and which have been filed on SEDAR.
2019 Financial Highlights
https://polaris.brighterir.com/public/caledonia_mining/news/rns_widget/story/w05k4zr
https://www.caledoniamining.com/
Keep on holding. Gold prices going up. Perhaps a dividend increase?
The last dividend raise was way to small to over come the political & economic risk of being located in Zimbabwe. At today's smashed down price of $10.88 the .30 cent dividend yield is only 2.76%, way to low to entice gold stock & income seeking investors to compensate for the Zimbabwe economic & political risk. If CMCL was located in any other mining friendly country, the stock would be selling around $15, not $10.88. A significant raise in the dividend would not only support a much higher stock price, it is in the best interest of all CMCL shareholders to return cold hard cash to CMCL shareholders. No excuse for Curtis to not significantly raise the dividend which is more than affordable at a gold price of $1500/oz let alone the current $1648/oz. Curtis, raise the dividend to at least .55 cents from the current .30 cents. That is what a competent CEO that acts in the best interest of CMCL shareholders would do right now.
It was raised 2 months ago
NY BOB............. Cmcl is exploding and they are soon delivering the Central Shaft, IN A PERIOD OF RISING PRICE OF GOLD......... It is going to be a banner future............
Q4 earnings should be out soon, and they should be excellent!
Back in January, I predicted $.40 to $.50 EPS, which would have been great.
Now it looks like Q4 earnings may be significantly higher.
I think $.90 to $1.00 might be possible for Q4.
When investors and analysists see this as a real earnings number,
they are going to freak out!
AlfTanner
January 13, 2020
RE:Caledonia Mining Corporation Plc Record quarterly gold prod
Caledonia earnings are very hard to predict, but based on this
production number, I think Q4 earings could actually be
in the $.40 to $.50 range.
And that is without the Central Shaft.
In one year, this company is going to be a profit machine.
By Alf
Caledonia Mining Corporation Plc
Increased earnings guidance for 2019
(NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL)
St Helier, January 30, 2020 -
Caledonia Mining Corporation Plc
("Caledonia" or the "Company") is pleased to announce that earnings for
2019 will be substantially higher than market expectations due to the
combined effects of:
· the continued strength of the gold price;
· higher than expected production for 2019; and
· lower than expected operating costs.
As a result of these factors, adjusted earnings per share
(before net realised and unrealised foreign exchange gains)
for 2019 are expected to be in the range of
US$1.55 to US$1.75 per share compared to company
guidance in early 2019 of US$0.86 to US$1.17 per share.
Earnings per share on an IFRS basis which includes
net realised and unrealised foreign exchange profits
is expected to be approximately US$3.80 to US$4.00 per share.
Caledonia expects to publish its results for the year to
December 31, 2019 on or around March 20, 2020.
Commenting on this announcement, Steve Curtis, Caledonia's Chief Executive officer said:
"I am delighted by the excellent performance of
the Blanket Mine, particularly in the latter stages of 2019,
which, combined with the strength of the gold price,
has resulted in us comfortably exceeding expectations
for the year ended December 31, 2019.
This is down to the hard work and dedication of our
exceptional team operating at the Blanket Mine not least
in how they have successfully addressed challenges in the year
such as the variable power supply and grade fluctuations.
With these challenges addressed, an excellent start to 2020 and
with the development of the Central Shaft continuing on time and
record quarterly production in the fourth quarter,
we look forward to an exciting year ahead."
For further information please contact:
Caledonia Mining Corporation Plc
Mark Learmonth
Maurice Mason
Tel: +44 1534 679 800
Tel: +44 759 078 1139
WH Ireland (Nomad & Broker)
Adrian Hadden/James Sinclair-Ford
Tel: +44 20 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
Tel: +44 207 138 3204
3PPB
Patrick Chidley
Paul Durham
Tel: +1 917 991 7701
Tel: +1 203 940 2538
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153954988
There is no excuse for Curtis to not significantly raise the dividend. If Blanket was located in any gold mining favorable country, CMCL would now be trading close to $15. A significant dividend raise would attract new buying & support a much higher share price. Most important, significantly raising the dividend is in the best interest of all CMCL stockholders. Increasing the wealth of the stockholders is the number 1 priority of any CEO. RAISE THE DIVIDEND CURTIS.
NYBob......... The following news on Nama is from 2012 and Cmcl does not have Nama any longer.
https://www.metalbulletin.com/Article/3093220/Zambia-orders-Caledonia-Mining-to-start-production-or-risk-losing-licence.html
Caledonia Mining > Corporation Subsidiaries >
ex. Caledonia Nama Ltd. >
https://www.google.com/search?sa=X&biw=989&bih=395&sxsrf=ACYBGNQIM7fFRcZ80YFLLVK6QQVeXNI-2A:1581632765413&q=Caledonia+Nama+Ltd.&stick=H4sIAAAAAAAAAONgFuLSz9U3MC8rTE4xU-LVT9c3NEyrNCzJtSgx09LMKLfST87PyUlNLsnMz9PPL0pPzMusSgRxiq2KS5OKM1MyE4syU4sfMWZwC7z8cU9YKn7SmpPXGCO5iNcrpMHF5ppXkllSKSTHxSeF5B4NBikeLiS-FZMGE88iVmHnxJzUlPy8zEQFv8TcRAWfkhQ9ALXNGPTJAAAA&ved=2ahUKEwjt35aZyc_nAhXWrZ4KHTGfBhkQri4wFnoECBIQKA
https://www.google.com/search?q=Caledonia+Nama+Ltd.&stick=H4sIAAAAAAAAAONgFuLSz9U3MC8rTE4xU-LVT9c3NEyrNCzJtSgx09LMKLfST87PyUlNLsnMz9PPL0pPzMusSgRxiq2KS5OKM1MyE4syU4sfMWZwC7z8cU9YKn7SmpPXGCO5iNcrpMHF5ppXkllSKSTHxSeF5B4NBikeLiS-FZMGE88iVmHnxJzUlPy8zEQFv8TcRAWfkhQ9ALXNGPTJAAAA&sxsrf=ACYBGNRlJeuyBBMX6sTvLs4fQjsX-JSfCw:1581633432177&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjG347Xy8_nAhVDgp4KHdh7AeEQ_AUoA3oECAwQBQ&biw=989&bih=395
Caledonia Mining's 2019 earnings to be 'substantially higher than market expectations'
303 views•Jan 30, 2020
Proactive
22K subscribers
I averaged up in the $9's. Been great performer since I went to a company presentation with management.
Significantly increase the dividend.The $10 share price will be history & on it's way to $15.
Breaking $10 is helpful in attracting more investor interest.
mortalmyth' on 'Caledonia Mining Corporation (CMCL)
welcome back )
Thank you my friends,
Nice chart Phil, thanks much. Glad to see Caledonia is moving forward
as scheduled with their shaft expansion efforts.
The dividend increase is a great start and speaks of more
things to come.
I expect next year to be quite awesome with the gold production
ramp up and higher gold prices. Have a good one.
If you find any gold producer with a lower P/E,
Please, letme know -
P/E RATIO:
2.50
EPS:
5.15
TIA
God Bless
Ps.
Caledonia Mining Corporation Plc
TSX Exchange | Feb 5, 2020, 3:49 PM EST | Real-time price
logo
CAL $ 13.48 RT
CHANGE
0.37 (2.8223%)
VOLUME
1,004
Day Low: 13.20
Day High: 13.48
52 Week Low: 6.64
52 Week High: 14.23
Caledonia Mining Corporation Plc
NYSE American "AMX" Equities Exchange | Feb 5, 2020, 3:36 PM EST
CMCL:US $ 10.13
CHANGE
0.25 (2.5304%)
VOLUME
14,792
Day Low: 9.75
Day High: 10.29
52 Week Low: 5.02
52 Week High: 10.90
Nice chart Phil, thanks much. Glad to see Caledonia is moving forward as scheduled with their shaft expansion efforts. The dividend increase is a great start and speaks of more things to come. I expect next year to be quite awesome with the gold production ramp up and higher gold prices. Have a good one.
Monthly Caledonia chart:
It's been a long time, & still holding a decent amount of Caledonia. Based on the chart below, I'm thinking $14.50 is a done deal, but that's only the beginning. If the price can manage a monthly candle close above $14.50, which is basically channel resistance, the door swings wide open for $25.50. Moreover, should the $25.50 level get taken out on a monthly candle close, $106.50 is very doable.
https://www.tradingview.com/x/OFJomuwY/
Monthly Caledonia chart:
It's been a long time, & still holding a decent amount of Caledonia. Based on the chart below, I'm thinking $14.50 is a done deal, but that's only the beginning. If the price can manage a monthly candle close above $14.50, which is basically channel resistance, the door swings wide open for $25.50. Moreover, should the $25.50 level get taken out on a monthly candle close, $106.50 is very doable.
https://www.tradingview.com/x/OFJomuwY/
Caledonia Mining's 2019 earnings to be 'substantially higher than market expectations'
303 views•Jan 30, 2020
Proactive
22K subscribers
Caledonia Mining Corporation Plc: Increased earnings guidance for 2019
ST HELIER, Jersey, Jan. 30, 2020 (GLOBE NEWSWIRE) --
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL) (“Caledonia” or the “Company”) is pleased to announce that earnings for 2019 will be substantially higher than market expectations due to the combined effects of:
the continued strength of the gold price;
higher than expected production for 2019; and
lower than expected operating costs.
As a result of these factors, adjusted earnings per share (before net realised and unrealised foreign exchange gains) for 2019 are expected to be in the range of US$1.55 to US$1.75 per share compared to company guidance in early 2019 of US$0.86 to US$1.17 per share.
Earnings per share on an IFRS basis which includes net realised and unrealised foreign exchange profits is expected to be approximately US$3.80 to US$4.00 per share.
Caledonia expects to publish its results for the year to December 31, 2019 on or around March 20, 2020.
Commenting on this announcement, Steve Curtis, Caledonia’s Chief Executive officer said:
“I am delighted by the excellent performance of the Blanket Mine, particularly in the latter stages of 2019, which, combined with the strength of the gold price, has resulted in us comfortably exceeding expectations for the year ended December 31, 2019. This is down to the hard work and dedication of our exceptional team operating at the Blanket Mine not least in how they have successfully addressed challenges in the year such as the variable power supply and grade fluctuations. With these challenges addressed, an excellent start to 2020 and with the development of the Central Shaft continuing on time and record quarterly production in the fourth quarter, we look forward to an exciting year ahead.”
For further information please contact:
Caledonia Mining Corporation Plc
Mark Learmonth
Maurice Mason
Tel: +44 1534 679 800
Tel: +44 759 078 1139
WH Ireland (Nomad & Broker)
Adrian Hadden/James Sinclair-Ford
Tel: +44 20 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
Tel: +44 207 138 3204
3PPB
Patrick Chidley
Paul Durham
Tel: +1 917 991 7701
Tel: +1 203 940 2538
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
Cautionary Note Concerning Forward-Looking Information
The reason CMCL has a much a small PE ratio is the very high, very real, economic & political risk in doing business in Zimbabwe. A much higher, & very affordable, dividend increase could offset the Zimbabwe economic & political risk that is priced into the stock. A dividend increase is in the BEST INTEREST of all CMCL shareholders.
Current PE for Caledoonia Mining..............
$3.89 Earnings divided by Current Stock Price gives the PE Ratio..............
$3.89 divided by $10.50 = 3.7 PE........... Looking at Barrick Gold, their PE Ratio is 41.38........... Let's say the average Goldie is 10 PE............. Take a guess where CMCL will be selling...........
Marc...... Another strong clue was the Double Bottom on the Left Shoulder, the Reverse Head even with the Lows of the Left Shoulder, and the Higher Lows on the Right Shoulder........... I am sure you are a Pro Chart Reader............ What it turned out to be was a Reverse Head and Shoulders..........
http://schrts.co/kvEYypxS
MARC......... You can see the 9 SMA had BROKEN the 21 SMA in a UP position........... Made another CLUE............. Some details in reading a chart..........
http://schrts.co/MarpkQdy
Marc........ When YOU have the Golden Cross locked in, I would not worry about that Triple Top........ Also the Macd is in an up track........
http://schrts.co/eubvSvyI
shermo, you better learn how to read a chart. An obvious triple top was clearly formed on the chart. The news today broke through the triple top. CMCL is still very under valued because of the Zimbabwe political & economic risk. Raise raise the dividend now.
Marco..... Here you go, an error in Judgement............
rmarc Tuesday, 01/21/20 02:10:07 PM
Re: sherman106 post# 5697 0
Post # of 5719
Looks like another triple top has formed. The minuscule increase in the dividend was a slap in the face to all CMCL shareholders by CMCL management A much higher dividend, certainly affordable at $1450 to $1550 gold, is needed to increase the share price & overcome the Zimbabwe economic & political risk that inhibits many gold stock investors from buying CMCL. In addition, the gold production for 2020 was very disappointing.
SUCCESS of Cmcl news is on Kitco. Word getting out............ Let's hope for a banner day tomorrow........
https://www.kitco.com/news/2020-01-30/Caledonia-Mining-raises-guidance-stock-jumps.html
Marco....... Of course it was NOT your Triple Top, my error, but it was a wrong ANALYSIS THAT YOU MADE.............. And, being an investor, wrong analysis can be disaster............. BUT, IF YOU WERE IN CALVF/CMCL longer than me, you would be exclaiming SUCCESS.............
Sherm posted "Cmcl BROKE thru your Triple Top"... Sherm, it was not MY triple top. Anyone who can read a chart can easily see CMCL's triple top, not my triple top. LOL
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[/chart]
Presentation welcome to CALVF -
CALVF's A target production rate of 100,000 oz per annum -
http://www.caledoniamining.com/blanket4test2.php
CALVF's BLANKET GOLD MINE Production Au 40,000 oz/year
http://www.caledoniamining.com/pdfs/CALPres05262011.pdf
http://www.caledoniamining.com/pdfs/CALPres05192011.pdf
http://www.caledoniamining.com/blanket2test2.php
http://www.caledoniamining.com/blanket3test2.php
CALEDONIA MINING CORP.
A Profitable Gold Miner! (CAL:TSE) (CALVF:US) (AIM,LONDON:CMCL)
http://www.caledoniamining.com/blanket.php
CALVF Production Cost Au $585.-- per ounce -
79th Minesite Forum - Caledonia Mining Corporation - Mark Learmonth -- 19/05/2011
http://www.youtube.com/watch?v=GsyJrcDDsEw
http://www.caledoniamining.com/pdfs/Pres_01282011a.pdf
http://www.caledoniamining.com/pdfs/Pres_01282011b.pdf
http://www.caledoniamining.com/pdfs/Pres_09102010.pdf
CALEDONIA MINING CORPORATION
Blanket Gold MineBackgroundLocated in the south-west of Zimbabwe Blanket Mine is wholly owned and operated by Caledonia, having been acquired from Kinross Gold Corporation in June 2006. The mine is 560 kms from Harare, the capital city and 150 kms from Bulawayo, the country's second largest city. The provincial capital of Matabeleland South, Gwanda town is 16 kms from the mine.Access to the mine is by an all-weather tarred road to Gwanda, which is linked to Bulawayo by a national highway. | Blanket Gold Mine - Zimbabwe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The main railway line from South Africa passes through Gwanda. An airstrip on the outskirts of Gwanda caters for light aircraft. Blanket mine has been producing gold since the time of the ancients. However recorded production started in 1904. Early workers tended to pick the native gold "eyes" from the pay shoots. Significant production milestones were in 1965 when Falconbridge acquired the property and immediately introduced a production culture commensurate with multinational corporations by increasing gold production to some 45 kgs/month on average and in 1993 when Kinross took over the property and built a CIL plant to add the treatment of the tailings pile to the run-of-mine ore. Gold production peaked at an average of 110 kg/month during the tailings treatment years from 1995. However tailings treatment is now completed. To date in excess of 1 million ounces of gold have been produced from the property. HistoryAfter being worked by the ancients before the 19th century, the Blanket claims were acquired by the Matabele Reefs and Estate Company who subsequently mined no less than 128 000t from 1906 to the end of 1911. From 1912 to 1916, the Forbes Rhodesia Syndicate mined some 23,000t. The period from 1917 to 1941 has no reliable records. It is possible the mine lay dormant as this was a period of geopolitical instability. In 1941, F.D.A. Payne resumed mining activities accounting for some 214,000t before selling the property to Falconbridge in 1964. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The property became a significant producer from 1965 when the then new owners, Falconbridge, introduced a production culture commensurate with multinationals producing some four million tonnes of ore up to the end of September 1993, when Kinross Gold Corporation, took over the property. Kinross immediately put into place a program of further increasing production by adding the treatment of the tailings dumps to the run-of-mine stream. By the end of 2005 the property had produced in excess of 1 million ozs of gold since records were kept. Caledonia Mining Corporation acquired the Blanket Mine effective as at April 1, 2006. Property GeologyThe geology consists of a basal felsic unit of no known mineralisation presence. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
It is generally on this lithology type that the various tailings disposal sites are located. Above this unit are the ultramafics that include the banded iron formations hosting the eastern dormant cluster and the ore bodies of the nearby Vubachikwe complex. The active Blanket ore bodies are found in the next unit, the mafics. | #1 Conveyor feeding the two Surface Primary Jaw Crushers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The tables below summarize the RESERVES AND RESOURCES at December 31, 2008 Cautionary Note to U.S. Investors - the United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Caledonia uses certain terms in this website - and in some cases press releases - such as "measured", "indicated", and "inferred" "resources", which the SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F which may be secured from Caledonia, or on the SEC website at: http://www.sec.gov/edgar.shtml.
(i) 1 tonne = 1,000 kilograms = 2,204.6 pounds Some numbers may not add due to rounding Mr. David Grant, C. Geol., FGS, Pr. Sci. Nat., an independent consultant is the "Independent Qualified Person" for Blanket's reserves and resources as required by National Instrument 43-101 of the Canadian Securities Administrators. Mr Grant's Independent Report on Caledonia's acquisition of the Blanket Mine as required by NI 43-101 is available in the "Investor Centre-Technical Reports" section of this website. This report has also been filed on SEDAR and is available at www.sedar.com.
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Blanket Gold Mines -
has been producing gold since the time of the ancients time since
before King Solomon's Mines :
Blanket Gold Mines commenced the production ramp-up to
the targeted annualized rate of 40,000 ounces of gold
by the end of 2010.
http://www.caledoniamining.com/pdfs/01242011.pdf
http://www.caledoniamining.com/
Caledonia Mining Corporation (CAL)
Exchange: Toronto Stock Exchange
http://tmx.quotemedia.com/quote.php?qm_symbol=CAL
http://www.caledoniamining.com/overview.php
Golden Valley
http://www.docstoc.com/docs/32719706/EERSTELING-GOLD-MINING-COMPANY-LIMITED
Eersteling Gold Mine
Background
The 100% owned Eersteling Gold Mining Company Limited ("Eersteling") is located 36 km south of the city of Polokwane in Limpopo Province of the Republic of South Africa, 300 km north of Johannesburg.
100% interest in Eersteling gold mine located 36 kilometers from the town of Polokwane in the rolling terrain of the Northern Province of the Republic of South Africa.
As of the December 31, 2005, the company had a gold resource estimate of 597,500 tonnes in the Eersteling Mine property
Location of the Eersteling Gold Mine on the map
21
http://edgar.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6185226-977-370822&SessionID=_-RfHS0AHfsw027Goedgevonden - South Africa
The Corporation holds prospecting rights over the Goedgevonden diamond bearing kimberlite pipe and surrounding area. This property is located approximately 20km north of the Stilfontein gold mine in the Klerksdorp district of the North West Province in South Africa and 200km south west of Johannesburg.
In April 2005 an application for conversion of these rights was submitted in terms of the Mineral and Petroleum Resources Development Act ("MPRDA") and the rights were granted in December 2006. An additional application for New Order Prospecting rights was submitted over an adjoining farm, Eleazar in June 2005. It is expected that this application will be granted shortly as soon as documentary proof of BEE participation has been presented.
Previous prospecting activities carried out in the mid 1970's on Goedgevonden indicate that the pipe is oval in shape and covers a surface area of approximately 0.27 hectares. This work also confirms that the pipe was drill intersected at a depth of 425 meters, and that further down-dip extensions remain undefined. Previous drilling reported an average diamond content of 35 to 45 carats per hundred tonnes of material ("cpht"), with one hole yielding 65 cpht. The Corporation has not completed the work necessary to estimate a resource in terms of NI 43-101 for the Goedgevonden property.
A preliminary drilling program conducted in 2002 consisted of 7", 8" and 12" diameter reverse circulation drill holes, followed by the collection of the drill samples and diamond recovery. Four holes were drilled in the centre of the pipe, three to a depth of 150 meters, and the other to 120 meters. The three remaining holes were drilled to delineate the pipe in more detail. All of the seven holes drilled entered the kimberlite at a depth of about 6 meters, and the four centrally-located holes were stopped whilst still in the kimberlite. A total of about 56 tonnes of drilling sample was collected and processed through a Van Eck and Lurie dense-media separation ("DMS") plant and wet Sortex machine. From the diamond recoveries it was confirmed that the Goedgevonden pipe was diamondiferous, and sufficient gem-quality diamonds were recovered to warrant a larger bulk sample. Geological interpretive work as well as detailed ground gravity and magnetometer surveys were completed during 2003 but there was no further exploration activity on this property as corporate resources were concentrated on the Corporation's other projects which were considered to be of higher priority in adding shareholder value.
Granting of the New Order Prospecting Rights (not yet signed) gives the Company security of tenure. Discussions are in progress with other parties with a view to realizing value by joint venture or disposal of the properties in the Goedgevonden Diamond Project.
Blanket has claims and exploration permits in the vicinity of the existing mine operations.
Blanket intends to undertake exploration on these areas to assess their suitability for further
development as potential satellite operations, feeding crushed ore into the existing
Blanket milling and CIL plant.
Blanket claim incl. many past gold producing gold mines operations ...
Higher target ;)
1 year chart of Copper, Gold and Molybdenum prices:
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
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