Gold and silver both seeing a nice rise in spot today.
I am interested in acqiring more CALVF so I'm looking forward to a potential sell-off due to R/S. $0.05 per share divvy (post R/S) on a sub $1.00 stock, a gold miner at that, with a P/E under 2.5 is the perfect stock! Are there any other gold miners paying a 5% yield?
The company has positioned themselves well with the Zimbabwean indiginisation rules. And the work force owns a good share of the company.
$23,000,000.00 in the bank and more to come. The company is growing their cash position by $0.01 per share every three months based on its increase in cash from $9,000,000 at 31 DEC 2011 to $23,000,000 at 30 SEP 2012.
I look forward to acquiring more CALVF shares at deeply discounted rates! :-)
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