Caledonia Mining Corporation (CMCL)

[rmarc]

Keep in mind that bozo CEO Steve Curtis, in another moment of shear panic, hedged about 41% of total estimated mine production for the year at $1250. The hedge is under water from the day it went in affect & as of today, the hedge is a whopping $70 under water. Assuming gold stays above $1250, the Curtis panicked hedge will cost CMCL shareholders to lose big time earning increases, inhibit increased dividends & a lagging share price response to a higher gold price. In addition, even after Mugabe is gone, Zimbabwe political risk has reared it's ugly head again & will be an anchor around the neck of CMCL's share price. Not a pretty picture for CMCL's shareholders.