Caledonia Mining's Learmonth outlines plans for growing cash pile - By Charlotte Kan June 05 2014, 9:21am
Mark Learmonth, vice president of corporate development and investor relations at Caledonia Mining (LON:CMCL), talks investors through the plans for the company's burgeoning cash pile.
He says that building on the C$26mln it currently has in the bank will give the Zimbabwe-based gold producer the flexibility to make acquisitions "when opportunities arise".
Learmonth talks more about asset management firm Allan Gray, which recently took a 12.25% stake in the company.