Member Info for Bullishboy

any thoughts on these huge rises ?, no news.....

looking good for 2010 http://www.express.co.uk/money/view/149125/Shares-tipped-to-cushion-the-2010-rollercoaster-ride

watching from the sidelines with cash to spend, where are you getting "6p" from ??, thanks...

80p target. Strong hold in my book. From III The revision to our model has increased the Cook’s NPV by 50% to £150m, or 72p per share. Including the Minyango deposit at a valuation of £53m, based on a heavily discounted 30c per tonne of resource, and net debt of £10m, generates a total valuation of £193m, or 92p. This places Caledon on a NPV multiple of 0.4x, a 50% discount against peers which are currently trading on average of 0.8x NPV. On comparable EV/resource metric, the company’s 468mt in resources are currently trading at $0.32/t versus the sector average of $1/t and the historical Australian Coal transaction value of above $2/t. Caledon is not alone facing cost pressures from a strong Australian dollar, but with the company returning to a path of production growth and with higher sale prices, we would expect these discounts to start to be eroded into 2010. We maintain our target price of 80p.

NICE POST !, taken from III. Why the doom and gloom? The way I see this Essar started negotiations to buy Caledon during the global financial crisis. I think they approached this with a “pick up a bargain” mindset. A lot has happened since then and I think Caledon are not of a mind to strike a deal that undervalues the company. Don’t forget, a lot has changed over in the last 6 months. I don’t need to go through it all since I’m sure most of you are aware. If Essar had put a decent offer on the table 6 months ago I think the deal would have happened, its their loss. The issue to focus on is this, 700m tons of coal, assume a price of $120/ton, low given currrent prices. That’s $84B. The quick buck brigade might be a bit piddled off at recent events, even those who have been in this for several months may be feeling a tad unhappy. Look at the bigger picture though. The market is firming up, the price is rising, its unlikely we will see the lows of several months ago again. I think, in the long run, this is a good development. http://www.dnaindia.com/money/report_coking-coal-jumps-on-china-imports_1317426

CDN is being stubborn, doesnt want to break away from 40p, I guess we need to let the news digest before PI jump back in. I remain bullish short term. GLA

yep I think we caught the bottom @ 39p yesterday. Glad I bought & held overnight, .

choose your words carefully please, CDN has not been downgraded... nervous pi sold out when CDN BOD withdrew for sale sign, market had anticipated circa 80p offer. Read the RNS , looks solid going forward...All good imho.

CCD even.

CDD on ASX, ended the day at approx 44p equiv..

let the bounce begin !. All good...

should see 43 - 45p today imho if we use CCD ASX as a guide..

disagree, fall is overdone, large buys after hours would also agree. May dip first thing to weed out the nervous but should bounce,.... sell off way way overdone imho....CDN BOD didnt want to sell out cheap, thats a good thing !!!. Read the whole RNS regarding CDN resources, very bullish if you ask me..

some very nice after hours trades, anticipate a bounce North first thing... Sell Off was way over done imho

looking like a hold overnight, mmm, didnt want that, will see..

as mentioned looks like 39p has good support...

agreed - strong play by the Mgt imho...

MM trying to spook us - spread opening up. Im not biting..

I think we have found support at 39p so risk/reward in our favour at the mo imho.

39.25/40.00 dipped again, Id like around 44 - 45 for a quick buck, not greedy.