sbc357 welcome to Caledonia Mining Corporation (CALVF :-) good to see you @ CALVF GOLD mines bargains :-)
Gold production from the Blanket mine in Zimbabwe rose 18 per from the previous quarter.
* It produced 9,743 ounces in the three month period.
* Gold prices were 15 per cent higher than the previous quarter too.
* The firm reported pre-tax profits of C$8.4 million for the quarter.
* That is an eleven fold increase from the same period of 2010.
* Caledonia had C$6.8 million in cash and equivalents at the end of the period.
* According to Collins Stewart analyst John Mgloin the Blanket mine’s continued improvement is a testament to the quality of the personnel and management.
* The rise in gold production and profit in the last seven quarters came in the face of difficult and testing operating conditions, the analyst said.
* Mcgloin highlights that at the end of the reporting period Caledonia was ‘within a whisker’ of the 40,000 ounce a year run rate that the firm promised investors last year, and in this was subsequently achieved in October.
* As a result of its strong performance Caledonia has ‘blown well past’ Mcgloin’s forecasts.
* The analyst expected that miner to post a pre-tax profit of US$5 million.
* The company currently trades on a PE of 1.5x earnings, he said.
sbc357 welcome to Caledonia Mining Corporation (CALVF :-) great to see you @ CALVF sbc357 :-)
Caledonia 3rd Q's Recorded Net Profit of $8,442,000.-- compared to $742,000 in the comparative quarter which represents an 11-fold increase -
Caledonia CMCL the 40 percent rise in london that would put us in the .13 to .14 range... Which is very bullish - CALVF charts should give way to the .18 - .28 range easy... on level mining play -
The Gold Stocks; are soon to begin the 12th year of their bull market - :-)
- most bull markets last 15 to 20 years and end in an accelerated fashion - :-)
- this bull market will end close to 2020 (say 2018) -
The gold stocks are slowly moving closer and closer to a major breakout - :-) which would likely produce a multi-year acceleration that would set the stage for the birth - :-)
Gold Rally Imminent - E.g.... economic crisis, will be an acceleration of the increase in the price of gold, as well as a significant rally in gold stocks, despite economic decline. Gold appears ready to make the $2000 level -
Significantly higher gold prices can be expected over the next couple of months and into 2012. This, and other ideal economic conditions, set the stage for gold stocks to shine.
Current research, however, favours South African gold stocks over other gold stocks, for this next rally. The current and coming conditions are an ideal set-up for these stocks. The HUI is set to spike, and break out at the all-time high level soon. Below is a long-term chart of the HUI:
Welcome to Caledonia Mining Corporation (CALVF good to see you @ CALVF Gold bargain
Buckle Up - Caledonia 3rd Q's Recorded Net Profit of $8,442,000.-- - compared to $742,000 in the comparative quarter which represents an 11-fold increase -
Caledonia CMCL the 40 percent rise in london that would put us in the .13 to .14 range... Which is very bullish - CALVF charts should give way to the .18 - .28 range easy... on level mining play -
Caledonia Mining Shares soar over 40 percent... CMCL news..