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Got placing away at good price making most of recent run.
I have been on sidelines here for ages wondering how sustainable the divi is. Looks like it’s held but could be a future short term play off against growth. If your in at 900p it’s a good price to hold for future but not sure I will pay 1100p.
Usual caveats
Trek
This share will go down to 500p.
Indeed, including a £48K buy at £13.25
Other juniors up too on the rising POG but I've seen no others rise by 16%
But something is clearly happening.
Thanks TM, it would seem so.
They were mentioned on the money page of the Daily Mail website about shares to take advantage of the strong gold price. Don't know if that has generated some interest.
Anyone know why? No RNS...no major move in the metals. Yes, some bad economic news, but I wouldn't have thought it would move the SP on this scale.
Are we going back to £20? :)
I saw the post on here regarding Caracal and took a look at it. I posted on the Caracal board that the failure to secure finance was a real problem and was met with accusations of being a paid deramper. Caledonia is a far better share. Not only is it self financing it pays a dividend and it has a plan to genuine growth.
https://www.bnnbloomberg.ca/zimbabwe-s-gold-coins-sell-above-2-000-each-for-the-first-time-1.1870740
Always felt the real price of gold was manipulated and suppressed. One small bit of evidence of what is 'Real Money" and it's real worth/value! The Mosi-oa-Tunya!
I think this is relevant, don't you?
@ Coldspy
Gcat now down from 0.8p to 0.42p in 1 week. Glad I didn't put 10-20% of my gold exposure into it.
End of the day and no-one's commented on it, so I will: it was good (top end of guidance).
As you were.
https://www.herald.co.zw/gold-output-forecast-to-hit-60-tonnes/
Certainly, Caledonia form part of this quest with excellent recent acquisitions. Factor in the future POG and cannot help thinking that shareholders here are going to do very well in the longterm.
CMCL 3% up on the day, GCAT 18% down.
@Trojan
Thanks for the link. No idea what LSE has against Research Tree to blank out their URL but not Proactive's?
@Coldspy
I see you've copied/pasted the same ramp on half a dozen mining chat boards on LSE alone. If GCAT is as good as you say then why do you need to bother?
Shill much?
With gold flying it's the juniors that go on to outperform on an extended bull run.
CMCL is likely to do well however it won't 2 x 3 x 4 x over the next year.
GCAT is a producer that's worth putting 10-20% of your gold exposure in . Fully funded with 100% owned mine, own rigs and processing, own lab for testing, etc.
£30m+ spent on mine, $13.5m non dilutive financing secured December.
Expansion of production under way.
Market cap £15m
0.8p to buy currently.
Broker target for year end 4.2p
www(dot)research-tree(dot)com
missing part of url is *********************
Bilboes deal done!
Hope this link works -
https://*********************/companies/uk/caledonia-mining-corporation-plc/research/whireland/caledonia-mining-cmcl-completion-of-the-acquisition-of-the-bilboes-gold-project/41_2023010602481786728
Despite the recent report of good operational progress, the share price has caught a downdraft.
Beyond me why the share price hasn't beaten a bog-standard gold miners ETF in 2022.
A very well managed company - growing out of profits whilst still paying 5%.