Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
5 Year indigenization program...
You can pull a lot of yellow out of the ground in 60 months, and there are provisions that allow exemptions. My guess would be that there will be some "cost based" exemptions for those companies that are owed money by the B of Z (like Caledonia).
RBZ will probably roll-over again in 6-12 months or just default. They simply don't have the cash nor commodities to generate the cash required and are stalling. They can't pay for the tractors they bought so is it very likely they'll repay worthless paper bonds?
http://www.newzimbabwe.com/news-1740-Broke%20RBZ%20defaults%20on%20bonds/news.aspx
Time for Zimbabwe pay off Caledonia with proven mineral rights that will produce 100 times the amount owed.
James and Chartman,
CALVF has been a sleeper for years with periodic spurts of enthusiasm. Such was the case a few years ago when it went to .215 or when the Oxford Club highlighted it as "The One to Explode" back in late 1994 when it then ran up to over $8.00. I'm just waiting for this sleeper to wake up, drink some coffee and go out for a lengthy run. It's overdue. Anyone have the historical information on Shares Outstanding and Capitalization from say 1990 to present?
Thanks in advance!
The biggest Sleeper in the stock world
I just can't understand why this stock and company haven't gone orbital! Gold is way up, their production has resumed and way up, the ore grade has improved, and yet I'm still able to add at .05!
WTF is going to happen when the gold bubble deflates and the price sinks back to 800? This stock should be in the .30's or higher. Help me out because I'm scratching my head until it's almost bald.
Caledonia is the sleeping giant.
Watch for a significant run-up as people start relying on hard assets instead of the fiat currency based products.
I really appreciate the optimism on this stock. There are many other boards where there is nothing but negativity. I have been a long-term, heavily long, holder of CALVF and still believe that it is severely undervalued. It wasn't *that* long ago that the price was up at the .20-.24 level and I thought then that finally it is appreciating toward its true value.
I like the way the company views and avoids debt. I like the way the management runs the business. There will be a run up eventually when the light bulb turns on in the investment world and the shape of this stock can be visualized.
Is everyone preparing themselves for the end-of-the-year "gift" from this stock?
Look for a 1 for 10,000 reverse split to occur between now and December 31st. It will then immediately start sliding again before your "new" shares are deposited/tradeable and you will have lost yet another sizable amount on this dog.
Happy Turkey Day
Thanks James...
unless I'd want a seat on the board at Caledonia; I can't buy any more stock
*Major* losses on paper, but I remain bullish on this "digger". Have a happy Thanksgiving and if you see a guy wearing nothing but a barrel held up by leather suspenders please remember to say Hi Ice! (just kidding)
One of my favorite sayings came from an extremely wealthy person that said "If I lost it all tomorrow... it would neither make me sad nor break my spirit, for I live in a country where I can make everything back and have the freedom to live in poverty or wealth depending on my own initiative."
Ole Icey is raising his hammer toward the piggy bank and scraping under the mattress to see if some loose assets are available to pour into this stock.
I occasionally enjoy coming to this board and reading the members that pontificate and grant value to this company as if it were a real entity. It's quite difficult to mine for gold without equipment, and as far as I can see, there isn't even a single front-end loader on the balance sheets of this woofer. So what are you going to haul all this 330,000 ounces of gold away in... a Honda Prius? Don't you realize this is a "fools gold" organization that doesn't even possess the iron disulfide (another term for pyrite) worth the paper your shares are electronically written on? Perhaps they will change their name to Fortress Financial Ponzi in their next permutation; since they seem to milk the penny dreamers until the udders don't yield a drop, then change their name and reinvent new "assets" that can be hyped to the vapor-loving penny public.
The most salient aspect of Caledonia mining is that they are sound business practitioners that don't promise the moon or borrow against assets. They tend to only cultivate deals that bring in financial resources from partners that are tangibly "invested" in the particular project. Stephan seems to be a pragmatist and cynic. I've never heard the company crow about resources that were later non-existent. This $50M capitalized company prefers to spend the money they have on producing tangible results as opposed to hiring media fluffers that produce the appearance of vapor-assets and "potential" results that merely bolster a stock's value until vested interests have sold. Frankly speaking, this is not a "Pump-n-Dump" type of stock and their business model should probably be emulated by others.
I can't really add any more of CALVF or they're going to have to offer me a seat on the board LOL, but if I weren't so heavily long on this I'd surely be snapping up more.
It doesn't matter where it goes in a single day... unless you can sell yours at the price, which for some bizarre reason always seems to escape possibility.
This stock is a scam
The company is a sham
You've lost everything you've invested... move on and try not to get burned again
This stock *WILL* do a Reverse Split and then plummet like a rock to the same place it's at now, where more suckers will buy in because "it can't go any lower" and they promise a stock based dividend.
Let's see how long this post lasts until it's censored and deleted by the shills of FFGO, um GWGO, um GWGD
500M shares outstanding 40K shares traded. This means a few things...
1. Those shareholders with large blocks of stock are holding onto it with a firm grip.
2. Current trading price is irrelevant because there is no weight behind the trade. If someone has only $4,000 invested in this stock and just wants to dump it to get it off their books; they'll take 10 cents a share or whatever is offered. Now, if someone is dumping 2 or 3 million shares at 10 cents, that would be more of a concern because it would signal an actual shareholder losing confidence, not a penny-ante lottery ticket player.
Optimistic? Hell yes I'm optimistic about this stock! Billions of dollars worth of resources; the technology, know-how, and equipment to extract it; Customers willing to sign contracts for the off-take at a guaranteed minimum price that provides a heck of a profit and revenue. Where's the downside?
If you were told that there was a company with 8 or 9 billion dollars in its bank and you could buy the company for around 50 million dollars what would you do?
Ever hear of a Reverse Split PennyPune?
The last one this company perpetrated was a 1 for 2,000;
so if you hold 50,000,000 shares you'll wind up with 25,000 and when the adjustment is made to a price of 20 cents per share; you won't be able to trade it during the "transfer period" while it dives into the toilet again and settles back at .0001 making your $5,000 investment worht $2.50
I look at it like this James...
They are a gold exploration and recovery company that has "cut their teeth" extracting a precious metal from what others consider waste material. In the process they have developed far more productive, far more efficient methodologies for extracting cobalt, nickel, and a whole host of other materials. It's similar to saying "I'm digging for gold in my back yard and while I'm producing enough to keep the business very viable and out of debt I've stumbled across this other stuff called cobalt that the Chinese have agreed to haul away for about 600 million dollars over the next 5 years."
Oh... and what about the kimberlite pipes and diamondiferous holdings?
Just gravy man.... just gravy
These prices and volumes make it look weak when it isn't. For that matter and in the volumes being traded they could be trading to themselves to depress the price. 2,000 shares ... 5,000 shares .... 1,400 shares but when there's any weight, as in 50,000+ shares it's at .12 to .13 area and even that's just a small trade based on the outstanding shares. Most of the investors in this property aren't trying to pick up scraps that a penny-player is nervous nelly about.
The stock will move upward, of that you can be certain.
What Big News?
Headline should read "Dog finally Euthanized"
I believe the assets of Caledonia warrant a minimum of a dollar per share. I have held this stock for a very long time, dating back to when the Oxford Club was singing it's praises and the shares were at $7.00. I have never lost belief in this company and when the price was down around 3.5 cents I averaged my original investment down to approximately 4.9 cents by going *very* heavy. I have subsequently added additional shares at price points ranging from .04 to .14
I anticipate a significant run-up in the price of this stock at some point and also a huge upturn in the Average Daily Volume. Right now, with the volume where it is; it would take me several weeks to divest my interest.
One of the very few stocks I've believed in with such a long-term commitment. Meanwhile, I make a ghastly amount of money by day-trading Ford Motor. My god, an auto stock at $4.60/share? If the Ford family didn't have "super shares" Kerkorian would have already bought the entire company and made a s**tload in a bust up. The company is number one in so many international markets but the idiots on Wall Street can't see further than the North American market.
This day-trade in F stock is like an ATM machine that never runs out and doesn't require a card on your front lawn.
As the fat lady warms up offstage... Again
People continue to hold hope that this is their lottery ticket to pipedreams and nirvana.
Wake up people! It's a scam!
With Cobalt Off-take as only one very small part of this organization's overall value; people looking back at this stock in 12-18 months time are going to be saying "WHEN was this stock ever selling under a buck?"
There's never any substantial weight in the price drops. When I tried to add at .11 - .125 there's never a fill.
Artificially low for someone (other than me) to buy cheap shares or drive capitalization down.
Things are a bit too quiet and my gut is telling me a surge is ahead.
And...
now it's .0002
Hmmm
What happened to the high flying dreams of .17?
If it looks like a scam...
And walks like a scam...
and talks like a scam...
it's a bonafide opportunity...right?
And PR's carry gospel truth right?
Great West also announced "No R/S" shortly before their 1 for 2,000 R/S.
That PR certainly spoke the truth...right?
and .0003 to a R/S and plunge to .0001 again is only a 99.999% loss. That's what they've done before!
.13 is looking pretty HOT-n-TASTY to me!
No, this stock probably won't go back to .0001; that is, at least not until after they execute another 1:2000 Reverse Split and *then* it will run down again to .0001 while you're waiting for your shares to become available to dump. Anyone that's been around long enough to know the stock from GWGO/GWGD/FFGO or its "nom du jour" realizes this is a scam stock and has been bitten by the fleas of this mongrel before.
Remember this slimey Board of Directors stated "No reverse splits" right before executing a 1 for 2,000 reverse split.
Anyone going long on this stock right now is a sucker and deserves to lose every nickel (ooooh wow that's 100 shares!) they're stupid enough to put into play on this dog.
James...
There don't seem to be alot of "block holders" that visit here. I've made several pleas for 100K blocks or higher and had no response. I added significant amounts at .14 but in dribbles of 20-50K lots. Took a long time (as in multiple days)to get fills equaling 800. How were your fills at your mark?
I'm going to take a pragmatists view for a while. Meanwhile I'm busy on the big board with the praise==>turned bashing==> turned praise===>turned bashing on Ford Motor. It's so much fun and you can make a killing on F just doing a Long/Short/Long play or Short/Long/Short play based on the daily news and tracking. At 5 bux F is darned near a penny stock anyway and moves of 15-25 cents make alot of money in a limited time frame.
BTW... the tail numbers of my aircraft represent a specific Karat denom of Au. Why are you 10 Karat?
I'd like 900K more if anyone wants out at .135
25,000,000 shares will be 12,500 after the next 1:2,000 R/S and then you won't be able to trade them until after the price plummets back down to .0001
Why not just give me your 2,498.75 now and I'll let you have what used to be 25,000,000 of my former 250,000,000 shares.
Hi Team...
Woof Woof...
This stock is a dog and with any sensibility at all it will eventually be "put down". Now, I don't mean to make light of the fact that some of you are maintaining your Mary Poppin's dream that there will be a flying umbrella to whisk this mange-encrusted canine from further harm but reality needs to seep in eventually. Perhaps a poll should be set up with several relevant questions:
1. If, in a snowball's chance this stock went to .0002 and *actually* had legitimate, funded buyers; how many longs would bail?
2. If you didn't bail at .0002 what would be your price-point?
3. Could I interest anyone that hasn't bailed out if they would like to trade their interest in FFGO for shares I have in an up and coming automobile manufacturer named Yugo?
Have a great weekend pals!
I'd like to buy more at .148 if anyone has a large block (500K or more)
For interested parties with a minimum of 100K shares:
I'll take more at .148 to .150. Thank you to those that sold to me yesterday!
Thanks for those willing to sell to me so far...
But will take much more at .15 if anyone wants to sell
If anybody wants to sell their holdings...
I'm looking to add at .15
I agree and if I weren't holding the amount I have in my portfolio I'd be adding every time it dipped! I just have a feeling though that if I were to liquidate some at .19 or .195 with the intention of reclaiming at .16 or .155, that would be the point at which it goes above .20 without turning back. I'm a long-haul sort of investor and began my accumulations sub-dime.
Wow...
.16 is getting close to bargain time for icey again.
As I said... this could perhaps be the last time you see this stock under .20
You can't keep a good company in the cellars forever.
I'll sell 100K when it hits a buck
There always seems to be a bit of resistance at .20 but my instinct is telling me that with the off-take agreements among other positive outlooks on CALVF you might be witnessing the last time this stock is under .20 (and will probably never look back). Volume is almost non-existent considering the outstanding shares. Must be quite a few of us "L/T holders" out there.
The icey one starts chanting...
"C'mon .15 ...... C'mon .15 ..... Daddy needs a new set of certificates .... C'mon .15!"