Caledonia Mining Corporation (CMCL)

[rmarc]

The reason the share price plunged after the news release is CEO Steve Curtis put the future payment of the quarterly dividend in doubt..."The board will review Caledonia’s future dividend distributions as appropriate while considering the balance between delivering returns to shareholders and pursuing the significant growth opportunities within Zimbabwe and in line with a prudent approach to financial management.” ...Curtis is clearly ignorant of the fact that the overriding reason CMCL shareholders own & potential gold stock & income seeking investors would buy CMCL is because of the dividend. The dividend is the reason that gold stock investors would buy a one mine only stock located in Zimbabwe, a country that has extremely high political & economic risk. There are many other gold stocks to choose from that are located in countries with much less political & economic risk than Zimbabwe. Without the dividend the CMCL share price would be much lower with far less volume. Blame the price decline on Curtis for his ignorance & insensitivity of how important the dividend is to the CMCL shareholders & the share price.