CALVF - Caledonia Mining

[Xaston]

Seems like this will do well with all the fiat being thrown around by governments to counteract Covid-19's economic destruction.

 

The operation of the mine might be temporarily impaired, but the gold isn't going anywhere, but the price of that gold might be getting a nice boost.

[TwoCitiesCapital]

Hey all:

 

Gold price has been incredibly strong this past month, well above $1600/oz. now.

 

CMCL along with all gold stocks have been moving up.  CMCL has been hitting new highs, $12/share on Friday.

 

Could gold go up another 10%?  If so, we're looking at $1,800oz.  At $1,800 oz., CMCL is going to be printing money.

 

Things could get interesting, and I think we are in the beginning.

 

I just wanted to say thanks for bringing this name to my attention. I have done reasonably well trading it over the last few months and recently exitied to lock in gains.

 

After today's 27% drop, I'm considering re-opening a position but I cannot find any news as to why the drop occurred to begin with which concerns me.  I can't find anything on any news/financial related website or a google search. Just curious if anyone knows the reason for the drop?

 

I'm accustomed to stocks moving 3-5% on limited news in a day, or maybe even 10-15% on limited news over the course of a few weeks, but -27% on no news seems to be a stretch and so am certain I'm missing something.

[Xaston]

Seems to me like a combination of this

 

https://www.reuters.com/article/zimbabwe-riozim/zimbabwe-gold-miner-riozim-halts-production-over-payment-delays-idUSL8N2DT1GG

 

and this

 

https://www.bbc.com/news/world-africa-53128604

 

 

[TwoCitiesCapital]

Seems to me like a combination of this

 

https://www.reuters.com/article/zimbabwe-riozim/zimbabwe-gold-miner-riozim-halts-production-over-payment-delays-idUSL8N2DT1GG

 

and this

 

https://www.bbc.com/news/world-africa-53128604

 

Seems th see concerns were short lived. -27% yesterday and +28% today. SMDH.

[DTEJD1997]

Hey all:

 

It appears that the drop in CMCL was them being de-listed from the Canadian exchange at the end of trading Friday.  Thus, it is likely forced selling by Canadians and their funds.

 

There was a tweet from Mark Learmonth that operations were proceeding as normal, no news as to why the price was dropping.

 

So those that had the fortitude to buy yesterday are reaping the rewards today.

[Xaston]

Dividend increased to .10

[Xaston]

Caledonia Mining Corporation Plc (the “Company” or “Caledonia”) (NYSE American: CMCL; AIM: CMCL) is pleased to announce that it has signed an agreement (the “agreement”) with the Government of the Republic of Zimbabwe (the “Government”) under which Caledonia will evaluate mining rights, properties and/or projects in the gold sector that are controlled by the Government with a view to assessing the potential to advance development on these properties or projects.

 

Caledonia believes Zimbabwe is a highly prospective region for gold discoveries. Caledonia has assessed and continues to assess investment opportunities in the Zimbabwe gold sector that are privately owned. However, the Government of Zimbabwe has a considerable portfolio of assets in the gold sector that are potentially very attractive and Caledonia and the Government have therefore entered into an agreement whereby Caledonia is provided an opportunity to review this portfolio to determine whether they may be commercially developed for mutual benefit.

 

Going from 1 mine to > 1 mine seems like it could be pretty huge. 

[ACooke]

Can anyone provide any thoughtful commentary on the attached?

 

Is this somewhat common and unlikely exploited - or something more concerning?

Commentary_of_the_Indigenization_Amendment_-_Finance_Act_No.2_of_2020._MA.pdf_1.pdf