Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia Mining Corporation (CMCL) Q4 2017 Earnings 48.6 cents per share
Here's the link:

Caledonia Mining Q4 2017 Results


Gross profit at $8.411 million USD is up, while

cash cost of gold production is down to $556 USD/oz.

Cash at the end of the year was $12.756 million USD.

Highlights for this past quarter are:
The pilot plant at GG finally started producing gold 2,196 tons were
processed at an average feed grade of 3.13 g/t, and gold recovery was
54 percent and is economic.

Gold ore grades at Blanket were 3.58 g/t in January and
3.51 g/t in February which means
at least 15,000 ounces of gold for Q1 2018.

Central shaft sinking is at 990 meters which means
only 340 meters to go.

Management is considering stock buy backs and rights offerings
to take shareholder ownership from 49 percent to 51 percent.

Gold production was at record levels last quarter
with 16,425 ounces produced.

Dividend policy of 6.875 cents per share is envisaged to be maintained.

There will be a conference call at 1000 AM on March 27 where
I am sure that there will be many questions.
by ganndolph sth thanks good info )


Gold settles higher, gains more ground in electronic trading after Fed statement
Published: Mar 21, 2018 2:11 p.m. ET

https://www.marketwatch.com/story/gold-settles-higher-gains-more-ground-in-electronic-trading-after-fed-statement-2018-03-21?siteid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20marketwatch%2Fmarketpulse%20(MarketWatch.com%20-%20MarketPulse)

This is the first time gold is up on FOMC meeting
The boldness of the market not to protect what the FED is deciding on.
Usually they wait a week to allow gold to go up in reaction of what the
FED is doing so there is no apparent correlation.

Is the market finally balking at the FED, giving up on it.
I'm not saying that is a good sign. Usually it is a bed sign. Things are falling
apart in the world, and gold reacts to that.

Here's some of the headlines on kitco, the first 5 or so are recogning the gold
price is moving up on what the FED is doing. The FED is being targeted for
being wrong and can't contain gold's price that is the signal the FED is wrong
and not doing things right for the US or world. Just for itself and fellow banking
system.

https://premium.kitco.com


Will Rising Interest Rates Push Gold Higher?


http://www.gold-eagle.com/article/will-rising-interest-rates-push-gold-higher


Gold Prices Are Rising as the Fed Hikes Rates -

https://moneymorning.com/2017/12/15/dont-be-fooled-gold-prices-are-rising-even-as-the-fed-hikes-rates/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+USMoneyMorning+%28Money+Morning%29

Note ....
The gold bull market in the 1970s and 1980s happened
even as the Fed tested record-high interest rates.
The yield on the 30-year Treasury bond rallied sharply
during the late 1970s, eventually topping 15% in 1981.
Gold rallied from about $100 per ounce in 1976
to over $850 per ounce in 1980.

Ex-Fed Chairman Alan Greenspan: ‘We are in a bond market bubble’ that’s beginning to unwind

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138957589

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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
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