[NYBob]

Caledonia Mining Corporation Plc Completion of ATM Fund-Raising for
Solar Project, Block Admission Cancellation and Block Admission Return

(NYSE AMERICAN: CMCL; AIM: CMCL)

St Helier, September 4, 2020 -


Caledonia Mining Corporation Plc ("Caledonia" or the "Company") today announces that, further to its announcement on July 24, 2020 relating to a block admission application and an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co (the "ATM Sales Agreement"), the Company has now raised US$13m pursuant to the ATM Sales Agreement through the sale and issue of 597,963 shares in the Company (the "ATM Shares").



Following issue of the ATM Shares, the Company has a total number of shares in issue of 12,118,823 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company.



As disclosed in the announcement on July 24, 2020, application was made to AIM for a block admission in respect of up to 800,000 new depositary interests representing the same number of shares in the share capital of the Company which will rank pari passu with the existing shares in issue.



Given that the Company has now raised the maximum amount of funds sought under the ATM Sales Agreement through the issue of the ATM Shares, the Company has cancelled the remaining portion of the block admission (202,037 depositary interests) effective as at September 7, 2020, representing the surplus shares that are not required to be sold and issued under the ATM Sales Agreement.



As previously mentioned, Caledonia expects to use the amount of net proceeds from the sales for investment in the construction of a solar power plant to supply electricity to Blanket Mine in Zimbabwe.



In accordance with AIM Rule 29 and Schedule 6 of the AIM Rules for Companies and in full satisfaction of the Company's obligation to make announcements of the utilisation of the block admission, the Company makes the following notification regarding its block admission facility:



(a) Name of company



Caledonia Mining Corporation Plc



(b) Name of the scheme



At the Market Sales Agreement



(c) Period of return



From July 27, 2020 to September 7, 2020



(d) Number and class of securities not issued under scheme



202,037 common shares of no par value each and an equal number of depositary interests



(e) Number of securities issued under scheme during period



597,963 common shares of no par value each



(f) Balance under the scheme of securities not yet issued at the end of the period



202,037 common shares of no par value each and an equal number of depositary interests



(g) Number and class of securities originally admitted and the date of admission



800,000 depositary interests in common shares of no par value - July 27, 2020



(h) Contact name(s) and telephone number(s)



Caledonia Mining Corporation Plc

Mark Learmonth

Maurice Mason



Tel: [phone]

Tel: [phone]

WH Ireland

Adrian Hadden/James Sinclair-Ford

Tel: [phone]

Blytheweigh

Tim Blythe/Megan Ray

Tel: [phone]

3PPB

Patrick Chidley

Paul Durham



Tel: [phone]

Tel: [phone]









Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014.



Cautionary Note Concerning Forward-Looking Information

Caledonia Mining Corporation “gold miners are currently cream of the equity crop” say WHIreland
Article by: Darren Turgel 13th July 2020

https://www.directorstalkinterviews.com/caledonia-mining-corporation-gold-miners-are-currently-cream-of-the-equity-crop-say-whireland/412841166

Caledonia Mining Corporation plc (LON:CMCL) is the topic of conversation when WH Ireland’s Analyst Paul Smith caught up with DirectorsTalk for an exclusive interview.

Q1: With gold as high as it is and a solid production being delivered does this impact your forecast in any way?

A1: The current gold price – now above $1,800/oz for the first time since its last high in 2011 – is only good news for revenue, profit and cash generation from the mine. We will look to revisit our forecasts later in the year as the story of the inexorable gold price rise unfolds. We currently use a $1,685/oz gold price for 2020 and suffice it to say if the gold price remains above $1,800/oz for a sustained period we will have to provide an upward revision to our forecasts.

[Spicknspan]

Thanks for the reply. I was not aware of the delay.

[rmarc]

The ominous bad news about the indeterminate delays of the construction of the central shaft hammered the stock.

[Spicknspan]

Why the decline from $27? Yes, gold prices have come back a bit, but not enough to warrant this haircut, imo.

[rmarc]

CMCL stock spilt? LOL. It would be incredibly stupid for CMCL management to split a $20 stock.

[sherman106]

NY Bob............ I wonder at what point, Cmcl would consider SPLITTING the stock..

[Spicknspan]

Would not be surprised that we see a dividend increase in the next six months

[Spicknspan]

Loving this stock. Wish I had more.

[NYBob]

Caledonia Mining Corporation “gold miners are currently cream of the equity crop” say WHIreland
Article by: Darren Turgel 13th July 2020

https://www.directorstalkinterviews.com/caledonia-mining-corporation-gold-miners-are-currently-cream-of-the-equity-crop-say-whireland/412841166

Caledonia Mining Corporation plc (LON:CMCL) is the topic of conversation when WH Ireland’s Analyst Paul Smith caught up with DirectorsTalk for an exclusive interview.

Q1: With gold as high as it is and a solid production being delivered does this impact your forecast in any way?

A1: The current gold price – now above $1,800/oz for the first time since its last high in 2011 – is only good news for revenue, profit and cash generation from the mine. We will look to revisit our forecasts later in the year as the story of the inexorable gold price rise unfolds. We currently use a $1,685/oz gold price for 2020 and suffice it to say if the gold price remains above $1,800/oz for a sustained period we will have to provide an upward revision to our forecasts.

Q2: What are the longer-term prospects for Caledonia Mining Corporation?

A2: A gold price rise of 30% YOY has seen the market cap valuations, on average, of global gold producers double; CMCL is no exception with its market cap rising 185% over the same period. Gold miners are currently cream of the equity crop in our opinion and will generate strong profits and cash flow and in all likelihood raise their dividends. In the company’s case it is the in the final stages of a funded development program at Blanket which will guarantee a strong production pipeline with low-cost, high margin production and a long future for the mine. It has already raised its dividend twice this year (to 35c/yr, currently yielding 2.7%) and looks set for a record 2020. This is a pivotal year in Caledonia Mining Corporation’s evolution and it remains right on track, in our view, to deliver significant returns to its shareholders over the coming years.

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[Spicknspan]

Dividen should come back.

[Spicknspan]

This has been on of my best performers for this year.

[NYBob]

Caledonia’s gold output sparkles despite pandemic
10 JUL, 2020 - 00:07 0 COMMENTS 1 IMAGES

Caledonia’s gold output sparkles despite pandemic



Business Reporter

Caledonia Mining Corporation, which owns Blanket Mine, says it has increased quarterly output by over 12 percent in the first half despite the challenges created by the coronavirus pandemic.

The miner described its production performance in the last quarter as an outstanding achievement, with gold output rising 6,2 percent at 13 499 ounces in the three months ended June 30, 2020.

It marked production for the first half of 2020 at 27 732 ounces, up 12,5 percent versus the same period last year.



“The production of 13 499 ounces in the second quarter is an outstanding achievement given the challenges faced during the quarter as a result of the Covid-19 Pandemic,” Steve Curtis, Caledonia’s chief executive said in a statement.

Curtis added: “For production to be 12.5 percent ahead of the corresponding 2019 level at the half-year stage leaves us well placed for the full year and on track to meet our full-year guidance of 53 000-56 000 ounces.

“This strong performance and high gold prices have ensured that the business remains on a very solid foundation as we prepare for the next phase of our growth with the completion of the central shaft in 2020 and increased production to 80 000 ounces by 2022.”

Meanwhile the miner is still expecting to close the year with its forecast production output of between 53 000 to 56 000 ounces.

By 2022, production is expected to have reached 80 000 ounces

Share This:
https://www.herald.co.zw/caledonias-gold-output-sparkles-despite-pandemic/

Jim Sinclair – Debt Jubilees Everywhere True Gold Price Is $87,500 Per Ounce -

In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


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

[Spicknspan]

Few companies know how to operate in Zimbabwe

[NYBob]

Zimbabwe’s Landela agrees to buy state-owned gold mines, seeks more assets
HARARE —

Zimbabwe’s Landela Mining Venture has reached agreements to take over and
revive four idle state-owned gold mines and is in talks to buy more assets
from a privately-owned bullion producer, its chief executive said on
Friday.

https://www.thezimbabwean.co/2020/07/zimbabwes-landela-agrees-to-buy-state-owned-gold-mines-seeks-more-assets/

CMCL should be in the bidding next )
It's plenty of old mines -
ZIM used to produce gold as front runner
for Africa -

God Bless

[Spicknspan]

The possibility of reinstating the dividend is another catalyst.

[NYBob]

Here are good reasons to buy CMCL Terrific news -

The quarterly dividend has been raised to .085 cents -

Ex....

#1: Gold protects against downturns in the stock market....

#2: Unlike the dollar, gold maintains its purchasing power over time....

#3: No matter what happens to the dollar, gold can be used as currency
around the world....

#4: Blanket Mine has the mill capacity to go 3 work shifts -
24 hrs per day and with the new shaft >
to double & triple the gold production - )
which
the Zim Gov. want and real need )
Imo!

CMCL going back UP )


fast down - fast UP -

https://www.caledoniamining.com/investors/tsx-delisting/

http://www.caledoniamining.com


https://www.caledoniamining.com/operations/blanket-gold-mine/


https://www.caledoniamining.com/investors/share-price-information/


https://www.caledoniamining.com/investors/advisers/


In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


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

[sherman106]

Excellent increase in Stock Price today.

Current stock Price at 3:33 pm is $16.90..........

$16.90 divided by $3.67 earnings = 4.6 PE............... If the AVERAGE STOCK SELLS AT 10 PE, DOES IT APPEAR THAT CMCL WILL SELL AT THE RATE OF

$46.00.....................

AND WITH THE INCREASED DIVIDEND, WHAT A OVERALL PAYOUT.................

[rmarc]

Once again the ugly, the never ending, sky high political & economic risk of doing business in the reviled Zimbabwe is causing mass selling & a declining stock price despite $ 1750+ gold prices & managements claim that Blanket fundamentals are very strong. Even a raise in the dividend is not enough to offset the very high political & economic Zimbabwe risk. Bottom line, ZIMBABWE IS A BASKET CASE ECONOMICALLY & POLITICALLY......................................................................
Zimbabwe: On the edge again?
Zimbabwe is being buffeted by its worst economic crisis in over a decade, including scarcity of basics like fuel and cornmeal

Agence France-Presse
@afp
Published 11:30 PM,


HARARE, Zimbabwe – A Zimbabwean shopper in a Harare supermarket shook his head, grumbling as he returned a loaf of bread to a rack after finding the price had jumped by a third and he could no longer afford it.


Nearby, a more than kilometer-long (half-mile) queue of cars waited for petrol at an empty fuel station in the hope it would receive a delivery.

Zimbabwe is being buffeted by its worst economic crisis in over a decade, including scarcity of basics like fuel and cornmeal.

Prices of basic goods gallop every week as the value of the Zimbabwean dollar continues to tumble, pushing official annual inflation to 785.6% in April.

Poverty is deepening among the majority of the population – United Nations aid agencies say some 7.7 million people, or half of the population, require food assistance.

A loaf of bread went up 36% last month and last week a 10-kilo (22-pound) sack of cornmeal jumped 30%.


'Things cannot continue this way'

On Wednesday, June 24, the price of fuel soared by up to 152%. A similar rise in January 2019 sparked countrywide demonstrations in which at least 17 people were killed.

"Things cannot continue this way. These people should just admit they have failed," said Harare resident Timothy Bhaureni, referring to President Emmerson Mnangagwa's government.

Mnangagwa, who took power in 2017 following a military coup pledging to revive the moribund economy, now blames the economic malaise on unnamed "political detractors."

"We are witnessing a relentless attack on our currency and the economy in general through exorbitant pricing models," Mnangagwa told his ZANU-PF party's politburo on June 10.



"This battle is being fueled by our political detractors, elite opportunists and malcontents who are bent on pushing a nefarious agenda," he added.

"It has become apparent that among us there are wolves in sheep's clothing," he said last week.

'Economic sabotage'

In a dramatic move, and adding confusion to an already restless population, the government on Friday night, June 26, suspended all mobile money transactions, the most widely used platform to make and receive payments in the crisis-ridden country.

It took the decision "to deal with malpractice, criminality, and economic sabotage."

But in a notice, the largest operator EcoCash, defied the order, urging its more than 10 million users to continue transacting.

The hardship and chaos has spurred discontent among ordinary people.

The Zimbabwean authorities have in recent weeks targeted opposition activists and lawyers in what is seen as a tactic to strike fear into the population.

An opposition lawmaker and two party activists were last month abducted and then tortured by unidentified men, according to the victims, who spoke from the hospital where they were being treated.

Police later arrested the trio, accusing them of faking their abduction and torture.

'Instability, the new normal'

Three weeks ago, security forces suddenly heightened security, turning back cars and buses heading into the center of the capital, spawning speculation about a possible looming coup.

Rumors of an impending coup were quickly dismissed at a rare press conference attended by the country's security service chiefs.

"There is no coup in the making," declared Home Affairs Minister Kazembe Kazembe.

University of Zimbabwe's political scientist Eldred Masunungure said the situation "points to volatility in the country, a comprehensively volatile situation both politically and in the economy where it's very visible as it affects the livelihoods of the vast majority of the people."

"Nothing points to stability, but I don't want to overstate this because we have reached this crossroads many times before and the country has not collapsed."

"The default position in the country is one of instability. It appears like the new normal," he said.

Economist Prosper Chitambara of the Labour and Economic Development Institute of Zimbabwe think tank said Zimbabwe was on the brink of another round of hyperinflation.

The country's inflation breached the 500-billion-percent mark in 2008, forcing it to trash its own currency.

"We are headed for tough times with the loss of value of the local currency. The economy is not growing," said Chitambara.

"We are on the verge of hyperinflation. This increases economic uncertainty which is detrimental to private sector investment," he said.

The World Bank predicts Zimbabwe's economy will contract by 10%.

[rmarc]

Terrific news. The quarterly dividend has been raised to .085 cents.

[jsc52033]

thanks Bob

[NYBob]

CMCL going back UP )
fast down - fast UP -

Caledonia Mining Cor (CMCL)
15.7295 + $3.3695 (+27.26% )
Volume: 304,229 @06/23/20 11:33:35 AM EDT
Bid Ask Day's Range
- - 14.8001 - 16.0


https://www.caledoniamining.com/investors/tsx-delisting/

http://www.caledoniamining.com


https://www.caledoniamining.com/operations/blanket-gold-mine/


https://www.caledoniamining.com/investors/share-price-information/


https://www.caledoniamining.com/investors/advisers/


In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


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

[jsc52033]

well I picked up just over a thousand shares I thught it was risky but this has been a great stock
I thought may a mine shut down which would be a short term issue

[fl89808]

With delisting from Toronto stock exchange I think someone wanted to get in cheap.

[jsc52033]

what is causing this drop the new shares seemed to cause a pop. DId a mine get closed?

[Spicknspan]

One of my best performers this year. And to think I bought it for the dividends

[NYBob]

Caledonia Mining Corporation Gold price brings forward higher cash flows says WHIreland
Posted by: Amilia Stone 29th May 2020



https://www.directorstalkinterviews.com/caledonia-mining-corporation-gold-price-brings-forward-higher-cash-flows-says-whireland/412826041

Caledonia Mining Corporation plc (LON:CMCL) is the topic of conversation when WHIreland’s Analyst Paul Smith caught up with DirectorsTalk for an exclusive interview.

Q1: Paul, you published a note on the pricing of Gold over the last couple of days, what kind of changes have you noted in the price?

A1: The gold price has been one of the bright spots of the current crisis in our view. The price was already rising, before Corona virus took hold, from mid-2019 on geopolitical and trade concerns, but has since carried on its upward trend and is now comfortably sitting above $1,700/oz – an increase of +30% YOY. The impetus now being with gold a safe haven and with every expectation that the money printing presses will be turned on to rescue the global economy in the coming recession. We do not know where the price will stop and will be keeping a keen eye on developments as the year progresses.

Q2: What effect is this having on gold mining companies?

A2: The effect of this price rise on gold companies has been extraordinary. An investor in a leading, producing gold company (in the UK or elsewhere) 12 months ago would, on average, have seen their investment double today (+100%). We stress this is an average for the peer group we look like and there are obviously individual circumstances within that group but overall valuations have improved markedly.

There has even been a rise in the valuation of the gold exploration equities on average with more interest in those companies seeking to discover the next generation of gold mines. This is a welcome return to interest in this sector, which had been starved of capital.

Q3: Are there any negative effects?

A3: There are very few negative effects for the industry of a rising commodity price environment! Most gold mining companies will report strong profits and cash flow generation and, we expect, an increase in dividends back to shareholders. We would expect gold mining companies to resist ‘expensive’ M&A this time around at this part of the cycle. In previous high price periods we have seen a significant price paid for equity which has led to large write-downs on the other side – we expect that companies should be more restrained this time around.

Q4: Looking forward, what indicators should we be looking out for that will affect Gold prices?

A4: A negative indicator for gold will be a better than expected economic recovery or a less severe recession – both of which will not be fully determined for quite some time. We expect the printing of paper assets, aimed at reducing the economic damage, to ensure a higher gold price for longer, and also to reset the base that the gold price could fall in the next downturn.

Q5: Of the companies you look which looks best placed to benefit from the strong price increase ?

A5: While we only look carefully at a small subset of the market, the company that has most benefitted from the sustained gold price increase has been Caledonia Mining Corporation which is in the final stages of a funded expansion at its Blanket Gold mine in Zimbabwe. The completion of the Central Shaft later this year will see the ability for the company to raise production to over 80koz by 2021 and make full use of the defined resource at depth in the middle of the mine. This low cost and productive mine has been the mainstay of the company for over a decade now with the cash flow from the mine funding its own expansion as well as paying for a company dividend. The increased gold price will bring forward higher cash flows which we in our view will enable higher, progressive dividends as well as allowing Caledonia to pursue M&A opportunities in wider Zimbabwe.

Caledonia Mining Corporation plc is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.

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[rmarc]

If the divided continues to be paid & is raised significantly, the stock could trade around $20. The fact that CMCL is located in the very high political & economic risk reviled Zimbabwe is why CMCL is not trading at about $20 right now

[sherman106]

Spicknspan....... The DIVIDEND is being PAID this WEEK...........

[Spicknspan]

If the dividend came back, we would see $20 @ share

[jsc52033]

If I remember correctly there was a RS. Most of my shares were abought at .10

[rmarc]

"From .03 to $16.00........... That is what one calls ACCOMPLISHMENT............... Who says otherwise, does not know what they are talking of".......A one year $463/oz increase in the price of gold & the crucial CMCL dividend is the accomplishment.