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Not heard anything coming back from the US concerning CMCL but clearly the company believe the listing will be beneficial. I was comforted to hear the most recent Proactive interview where it was re-iterated that the new revised production target will be met. It was also comforting that the new central shaft build is all OK and on schedule. Surely as time progresses the market must start to factor in the expected significantly increased free cash-flow. The company has already stated the dividend policy will be generous, it could easily double/treble in due course. The dividend only costs $3m now (yield 4.5%, covered 4 times) so if recent presentations are to believed then they could easily pay $6m or even $9m. I still expect to see the share price nearing £7-£8 by year end, more-so if gold continues it's run.

If they do retain some cash and inject a new business after returning £3m (3p a share) to the shareholders there may be significant value ahead. Take the example of EME, albeit an energy company, they returned a large slice of cash to the shareholders after selling their main asset, they retained a around £2m. The shares post cash distribution were around 2p but within a few months they hit 14p over excitement over a new acquisition. I think investors are ignoring the possibility that the Directors could inject a exciting new business into ZMNO and still return 3p+ a share. There may be significant upside here IF there is a plan ahead. The recent nosey buying could suggest a few in the know are adding or buying in.

http://www.captiongenerator.com/629212/Regency-Mines-update-July-2017-Hitler-reacts

Trading in New York starts today.

A few hints on up-coming news-flow https://audioboom.com/posts/6135296-829-hummingbird-resources-hum-berkeley-energia-bky-stratex-international-sti-and-malcy-on-pvr-pmo-panr-savp-fog

Q2 update video https://www.youtube.com/watch?v=VWDWrVEdKPs

I think it may be a week or so more until we start to see the benefits of the consolidation and the New York listing. A few brokers are still dragging their feet with the consolidation, once again HSBC will not allow buys but will take sells only. I am having the same problem with XTR after their consolidation. There is a very comprehensive quarterly results video on the website, the CFO goes through every aspect in detail. The theme remains increased cash generation and a very generous dividend policy moving forward. If the US market like the company it could easily re-rate very quickly, if all goes to plan £10+ is easily attainable IMO,

I really am at my teathers end with HSBC Stockbrokers, they have failed to conduct the consolidation on my XTR shares and they sit as 'extinct' in my portfolio currently. The shares were credited to Crest on Friday but they say they have not received them. It does make you wonder whether they are loaning out stock. I cannot buy or sell any right now. The same will almost certainly happen here. Already I cannot buy any and my stock holding has already been frozen. I have no idea how other brokers perform on consolidations or whether this poor performance by HSBC is the norm? I think, eventually, the consolidation will be a good thing, the high price will remove 'spivy' trading and perhaps US buyers will chase up the stock. CMCL does offer a great yield and low PE currently.

Hard to buy in any size at the moment which is always a good sign, this has to be miss-priced , more to do with being under radar IMO The wise and knowledgable folk seem to be adding buying at current levels.

This is an example where meeting the management has proved worthwhile. Having spoken to them I am very confident. Their recent buying re-iterates that confidence. It appears that Caledonian have good relationships with the local community and the Government, the CEO pointed out they, the Government, are desperate for export sales and fully back such businesses. Also bear in mind they CMCL have recently been tax incentivised which will enhance earnings further. I am staggered that a well established gold producer can sell on such a low earnings ratio, the dividend only costs $3m and earnings are likely to exceed $20m next year. There will be significantly reducing capex spend on the new mine shaft. The room for a large dividend increase is obvious, more-so in a rising gold price environment. There is so much hot money chasing speculative mining juniors, if a fraction of that cash came CMCL's way the share price would probably be £2+ right now. Under radar and under valued for sure.

Just taken a few more, gold has broken out of a very long established range and many are taking of a new bull run. CMCL are already hugely cash generative so it is pretty obvious where the share price is heading if gold continues it's climb. I agree it moves fast, with only around 53m shares in issue explains why, very tightly held.

I have been adding here, the price is starting to move up already but it is way below what it should be. I believe the last broker target was £1.45p, that seems conservative. Directors have been buying as well which says it all. The beauty of this company is whilst waiting for the re-rate you can receive a very nice dividend (yielding 4.5%) paid quarterly. I think this is a case of buy now whilst stocks last!

From Scotland https://www.sharesmagazine.co.uk/video/maurice-mason-vp-of-caledonia-mining-corporation-cmcl-3

I think there is a large buyer in the market, have noted a number of late declared trades, I think this is a bit of a coiled spring at present, I can see a swift re-rate if gold continues it's bull run. Where else can you get a yield of 4.5% covered 4-5 times with the prospect of massive dividend growth ahead, even now selling on a PE of only 5 times. £2 in not an unrealistic 12 month target

Have added more recently. Recent director buys, a large shareholder adding, significant dividend growth ahead, ultra low PE ratio, established producer, gold price strong, New York listing planned etc etc. Broker has a target north of £1.45p and this seems conservative.

New video explaining the NYSE listing and clearly states a strong commitment to AIM so no worries there. https://www.youtube.com/watch?v=yvLsVFeCYTc It is being done for the right reasons and could drive a decent re-rate due to improved US liquidity.

I am waiting to hear yesterdays presentation, the last one was what made me decide to buy in, at around 25 minutes the VP said over the next two years they will increase the dividend significantly. https://www.sharesmagazine.co.uk/video/maurice-mason-vp-of-caledonia-mining-corporation-cmcl-3 Looks like one of the major shareholders has been buying on the market also, there are a few chunky trades being posted so I suspect they are still buying. In respect of the New York listing I can only assume they feel it will drive value faster, income funds will surely be buying in, note how the VP said his bonuses are heavily based on share price performance. In all I think the shares are a gift at current levels, yielding over 4% and well covered

Eish I will not be attending this event as there is another one in London at the same time which I will be at. I did attend the one in Mayfair a few weeks ago and spoke to the CEO at length during networking. He seemed frustrated that the market was failing to re-rate the stock given the high well covered yield and low forward PE. I do think that the Co is undervalued and bought in accordingly, already received a decent dividend, I think it is only a matter of time before the shares start moving up again. The CEO delivered an excellent presentation and no doubt will again tomorrow, the good news is the Shares Magazine event is recorded so will be available for viewing shortly after.

Was the £75k trade an institutional buying in I wonder, certainly with a well covered yield of over 4% it may attract an income fund. The CEO is presenting in London on Wednesday Gold moving up again now, would expect to see the shares trade above £1 again shortly.

Saw the RNS today and was a little surprised but at current levels the shares yield over 4% and even accounting for the lowest revised earnings target sell on a PE of only 5 The dividend looks very safe which will offer support, now this has come into the open a few may start buying in again based on yield and the low PE. Management seem a prudent, there is a presentation on the 24th in London