Caledonia Mining Corporation (TSE:CAL)

[NYBob]

"PRESIDENT Robert Mugabe has angered hardliners in his fractious party by supporting recommendations by his deputy, Joice Mujuru, to shelve the
controversial indigenisation law ..."

This is a very positive step ... Mugabe supporting the shelving of their proposed indegenisation law. This has for some time been a major issue to investors and those looking to invest more heavily into the economy of Zimbabwe.

With this news, should we also get a positive press release on production rates, investors could then see the share price return to its primary rising trend. At the moment the share price is building a support base as it consolidates between .14 and .15 per share. Caledonia's share price has held up well during this period where the physical market and large cap shares have come under short term pressure.

Long term chart indicators (weekly/monthly) still remain bullish with a recommendation of BUY, while the daily chart indicators are showing slight weakness giving a HOLD recommendation, with the shorter term chart indicators also giving a BUY signal.

by NIA thanks good info

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CAL&t=LIST&m=29057623&l=0&pd=0&r=0

CALVF has more hidden treasures than
can be exposed

Gold Spot (FOREX:XAUUSDO)fiat$1386.23/oz +$1.59 +0.11%
2011-01-12 15:38:37, 0 min delay