Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The big black giant has upted their presence! I am usually scared of them, they are a ruthless bunch but, hey-ho, here they are where money can be made (in gold!) in a country sanctioned by the USA! Money talks, LOL!
Yes, good Q1 ...less working days compared to Q1 2023 .... with this background very good production numbers .. now they need bringing the costs under control and all is good ... a stable production at blanket will bring them in a good in the funding talks for Bilboes later this year...
Caledonia's Blanket mine lifts its first-quarter output by 6% y/y
https://www.miningweekly.com/article/caledonias-blanket-mine-lifts-its-first-quarter-output-by-6-yy-2024-04-10
I think we need a good first quarter .. lower energy consumption und some sower other costs , stable production and the SP will rise from here ... they had some one time costs reated to the aquisitions in 2023 .. this should be over
This is PRO - Caledonia ...
Political risk? For example this piece in today's Torygraph. Good for gold in general but might there be a risk of seizure or compulsory purchase of CMCL's gold?
"Zimbabwe returns to gold standard in battle to kill off hyperinflation
Zimbabwe has launched a new gold-backed currency to replace the dollar, in the latest effort to shore up the perennially crisis-hit economy.
The new currency, which is called Zimbabwe Gold or ZiG, is being issued at a value of around 13.5 to the dollar, and 17.1 to the pound.
The central bank has given the Zimbabweans 21 days to convert their old dollars into the new currency, with newly printed notes and minted coins to begin circulation at the end of this month.
John Mushayavanhu, governor of the Reserve Bank of Zimbabwe, said: “We are doing what we are doing to ensure that our local currency does not die...."
https://www.telegraph.co.uk/business/2024/04/08/zimbabwe-returns-gold-standard-effort-kill-hyperinflation/
Just cannot understand why this is not moving upwards ? What more is required?
COO loooks good ..brings in some experience ..... now with POG at 2300$ +++ and AISC at Blanket Mine below 1300$ i think Caledonia Mining is a strong buy ... people forget about the other aquired projects ...
James Mufara commented:
"I am excited that I will be joining Caledonia and look forward to working with the talented team to drive operational performance across the group's high-quality portfolio."
A key info the market has not grasped is the life of mine at Blanket has been extended from 2034 out to 2041.
This will be highlighted in the will revised report on resource and reserve soon.
Another key factor is Caledonia maintained their quarterly dividend, goes ex on Thursday, which as the CEO stated "reflects the good start to 2024 and our confidence that the remainder of 2024 will be strong"
Looks undervalued @2300$POG . the Blanket mine will show better results in 2023 , exploration results are good ... low debt + dividend ... powerconsu ption will go down in 2024 and some administration costs will go down ... at all a good buying point at 10$ ....
Liberum notes the buy rating on a strong start to 2024 at the Blanket mine, and according to the broker in the coming weeks we should also see two potential material catalysts (updated Blanket resources; Bilboes sulphides studies).
https://www.proactiveinvestors.co.uk/companies/news/1044386/caledonia-buy-rating-restored-by-broker-ahead-of-material-catalysts-1044386.html
Nice to wake up and find POG has broken $2300/Oz this morning.
Does not seem as if the upward movement in POG is over yet? How high will we go?
And smaller mners have not felt the effect of The Herd smelling the money yet! When does the stampede happen? Must be soon? GLA
With gold trading at all time highs I would expect Caledonia Mining to be trading well above £10 per share.
Next quarterly dividend coming up, with ex date 11 April.
Troajan, what is NOT to like! When the herd discover gold miners and the POG keeps rising higher and higher, we should reach 1500, LOL ! By middle of next year I predict! Just love the 14cents Divi!
Rather pointless £2 drop last week
You couldn't make it up -- profit warning on the day Gold hits an all-time high!
Market also going to be concerned about how they fund Bilboe. Don't really have any cash reserves and, with share price as it is, a fund raising seems out of the question. Turning out to be a bit of a white elephant for which CMCL saw significant share dilution. Big issues for management.
Disappointing update, and explains the downtrend in share price over the last couple of months, suggesting we might have a few leaks. Having gone years without putting a foot wrong, that's now a couple of updates in short succession that has brought bad news and unexpected costs. Lets hope management can get on top of things. The SP seems a bit of an over-reaction.
Has a good long term track record with consistent dividends. Also great potential from as yet undeveloped areas. I'm buying more at these levels
Unexpected & unpleasant drop these last days. I still think this is one of the better quality junior gold miners, but share price progress has not been forthcoming... indeed it's barely kept up with the junior index over 3 years.