Caledonia Mining Corporation (CALVF.OB). The Group's principal activities are to acquire, explore and develop mineral properties for the exploitation of base and precious metals. The Group acquires properties and projects early in the development cycle and then add value by operating or disposing of the asset. The Group owns properties in Canada, Zambia, South Africa, and Democratic Republic of Congo with exploration potential for gold, diamond, platinum group metals, nickel, copper and cobalt.
CALVF's revenues were $17K in 2002, $501K in 2003, $701K in 2004 and about $3M in 2005. Market cap is $38.82M.
I know the company sold many, many shares and the share count is already 352.87M shares. But still, with so much euphoria over gold companies and CALVF.OB still in the south, I think this gold penny stock with some revenues can indeed produce a good rally.
I'll buy CALVF.OB for the 3 Pennies on Fire Portfolio, 10% of capital or about $1,150.
Nice pick David, I like this one .This one looks like its about to launch.
Take a good look at a 10 year chart on this one.
IMHO, I think this stock is very undervalued by the market. The stock has an 8 year base with prices mostly below 0.15 cents during that time period. If this stock can get above 15 cents, that upside resistance should become the new base for a new uptrend.
What are your thoughts on these comments David?
Support @ 0.12...0.11...0.10
Volume Today: 5,918,535..... ;D
Avg Volume (3m): 604,470
Technicals
MACD is Bullish..... ;D
13-day EMA Cross Above 50-day EMA ..... ;D
Close Above the 50-day EMA... ;D
Close Above the 13-day EMA ....... ;D
Most Actives
Percentage Gainer
Last Price Quote is:
41.61%above 13-day EMA
41.61%above 50-day EMA
Applaud this pick David...... ;)
I did not know there were any penny stocks on the list..cool
many very small Gold stocks been super in the last month - thanls will watch for entry
Hi folks,
Excellent speculative pick, David...much like my LNXGF.OB, SLGLF.OB, these all should ramp beautifully as gold heads to $685, or so...$785 could be in the cards for this year as well, IMO
Best to all...
willey
Quote from: willey on January 18, 2006, 12:11:08 AM
Hi folks,
Excellent speculative pick, David...much like my LNXGF.OB, SLGLF.OB, these all should ramp beautifully as gold heads to $685, or so...$785 could be in the cards for this year as well, IMO
Best to all...
willey
Thanks willey :)
Yes, CALVF.OB looks nice, both from a technical and fundamental perspective (well, very speculative). If you have the time, look at the company's website (http://www.caledoniamining.com/) for more information about this gold micro cap.
Gold will probably continue its long term bull market, in good or bad economic conditions.
Caledonia Commissions Plant Expansion at Barbrook Gold Mine
Monday , January 23, 2006 09:01 ET
TORONTO, ONTARIO, Jan 23, 2006 (CCNMatthews via COMTEX) -- Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce the completion and commissioning of the metallurgical plant expansion at its wholly owned Barbrook gold mine in South Africa.
The expansion project effectively more than doubles the plant milling capacity and includes crushing, primary milling, flotation, carbon removal, ultra-fine grinding, oxidation and resin-in-leach circuits.
Stefan Hayden, President and CEO of Caledonia, said "The plant expansion will enable Barbrook to increase its gold production target to 22,0000 ounces per annum for the 2006 financial year and take advantage of the current high gold price and positive investor sentiment towards the metal. The mine's underground development program has identified substantial additional and accessible ore sources which will provide sufficient mining flexibility to meet the increased milling target of 18,000 tonnes per month"
Caledonia continues to be unhedged and debt free.
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.
Certain statements included herein are "forward-looking statements". Management cautions that forward-looking statements are not guarantees and that actual result could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations, exploration or development programs, or the financial condition of the Company, to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by the Company with the various regulatory authorities having jurisdiction.
http://www.knobias.com/individual/public/news.htm?eid=3.1.5ce668c22ab796d7687ecc8c6507278585f6c5f8442e051a14dbc181f0f7c807
Hi folks,
My read on gold is that it is going to about $630 prior to any real correction. Silver is going to about $12 before.......
So, this little tyke should scream higher, IMO, if things play out as I anticipate...
Enjoy the ride!
willey
As la-onda posted, we had this news on CALVF.OB: Caledonia Commissions Plant Expansion at Barbrook Gold Mine (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=2216&guid=%7B7A0BF223%2D89D8%2D4861%2D8C93%2D2F42FBBA3629%7D&symb=)
The news says this: «Stefan Hayden, President and CEO of Caledonia, said "The plant expansion will enable Barbrook to increase its gold production target to 22,0000 ounces per annum for the 2006 financial year and take advantage of the current high gold price and positive investor sentiment towards the metal. The mine's underground development program has identified substantial additional and accessible ore sources which will provide sufficient mining flexibility to meet the increased milling target of 18,000 tonnes per month"»
So, just from this mine the company now expects to produce 22,000 ounces of gold in 2006. At an average price of $550, this is $12.1 million in revenues, compared with about $2.5 million in 2005.
I'll continue holding CALVF.OB with confidence, I really like the developments at the company.
I bought 8000shs @.138 this morning.
CALVF.OB is starting to move higher again after a consolidation phase. Volume is also picking up. The next leg up should take this gold penny stock to $0.163-$0.13 = $0.033 + $0.163 = $0.196.
That's a 78% profit from my $0.11 buying price :o
I'll continue holding, really have to go deeper on penny stocks. With some simple fundamental and technical tools we can make serious money on percentage terms here.
fyi:
Caledonia Completes Private Placement
Friday February 10, 9:00 am ET
TORONTO--(BUSINESS WIRE)--Feb. 10, 2006--Caledonia Mining Corporation ("Caledonia") (TSX:CAL - News; OTCBB:CALVF - News; AIM:CMCL) is pleased to announce the completion of a $3,495,201 private placement financing.
The placement, which was handled by fiscal agents in Europe, was for 33,287,626 units priced at $0.105 each. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of Caledonia at a price of $0.20 for a period of 24 months from the date of issue.
The funds raised will be used to fund some of the recently completed capital improvements in the Underground and the Metallurgical Plant expansion at the Barbrook Mine in South Africa, and the exploration activities at the Eersteling gold property and the Rooipoort PGE Project in South Africa, and at the Nama Cobalt property in Zambia, and for general corporate purposes.
Stefan Hayden, President and CEO of Caledonia said: "The commissioning of the Barbrook gold mine expansion project in South Africa is virtually complete. There is ongoing optimization of the expanded metallurgical circuits but I am pleased to report that generally the plant is performing as expected. Mining is progressing well and the development of the newly found ore zones continue to show they are economically mineable."
Caledonia continues to be debt free.
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.
Is the news good or bad? Also, the volume has been drying up in this share over considerable time, any comments on its movement forward?
- Dhiraj
??? Is this a good thing or bad thing ??? ... ::) perhaps it's nuetral
any insight would be appreciated...
Caledonia Makes Block Listing Arrangement on AIM
Wednesday February 15, 10:30 am ET
TORONTO--(BUSINESS WIRE)--Feb. 15, 2006--Caledonia Mining Corporation ("Caledonia")(TSX:CAL - News; OTCBB:CALVF - News; AIM:CMCL) has made a block listing application for 33,287,626 common shares to be admitted to trading on AIM. The block listing arrangement is being put in place for the 33,287,626 warrants that were issued pursuant to the share placement that was announced on 10 February 2006.
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Caledonia continues to be debt free.
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.
Certain statements included herein are "forward-looking statements". Management cautions that forward-looking statements are not guarantees and that actual result could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations, exploration or development programs, or the financial condition of the Company, to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by the Company with the various regulatory authorities having jurisdiction.
Caledonia Mining Corporation (TSX:CAL - News; OTC Bulletin Board:CALVF - News; AIM:CMCL)
The first news:
«The placement, which was handled by fiscal agents in Europe, was for 33,287,626 units priced at $0.105 each. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of Caledonia at a price of $0.20 for a period of 24 months from the date of issue.»
This is less than 10% dilution for now. If the stock goes over $0.20 in the next 24 months there can be more dilution, but nothing special.
The money will be used to expand mining capacity, and we're already expecting a 5 fold increase in revenues from the only mine operating, the Barbrook Mine in South Africa.
The second news is just the company filing to list shares that may come from the conversion of warrants on the AIM, a British Exchange. No news here.
The news of the private placement took CALVF.OB shares a bit down but I don't think they will go lower than $0.10, and the upside is quite significant, specially if they can open more mines to start producing Gold, Platinum and Copper. The company has several properties.
I'll continue holding and studying CALVF.OB.
Nice 14% move on CALVF.OB 8)
I wonder if the stock will be able to cross over the current level, since it is a short term resistance level.
I'm making 25% on this penny pick, but I still feel the stock as undervalued. A little life from gold futures and will make new highs on this ... I'll continue holding CALVF.OB.
QuoteNice 14% move on CALVF.OB Cool
I wonder if the stock will be able to cross over the current level, since it is a short term resistance level.
It wasn't able to cross the resistance level, instead it sold off. But I'll continue holding anyway, as the gold price is starting to get constructive again.
CALVF - closed below its 200 day moving average on Friday and the short-term chart seems to be weighted more heavily on the bearish side. We will sell CALVF on Monday.
G, Congratulations on joining the 3SOF team! more congratulatioins to us 3SOF members ;D
Lets lock the wizard here to help us! ;D
man i am just so excited to see your name in red and with Aministrator under it! lol
Lets have a great week!
Quote from: eagerlearner on March 13, 2006, 02:08:43 AM
G, Congratulations on joining the 3SOF team! more congratulatioins to us 3SOF members ;D
Lets lock the wizard here to help us! ;D
man i am just so excited to see your name in red and with Aministrator under it! lol
Lets have a great week!
;D ;D ;D ;D ;D >:D >:D >:D >:D >:D
Make some green, G!!!! I guess this means that G's place is obselete now. 3SOF is now G's Place! WOOT, WOOT!!! Well, not exactly but you know what I mean. ;) Looks like you at least got the 5th Avenue suite with the nice view of Central Park. :)
Could something be brewing here? Support at 200(MA)? Nice volume.
Up over 8% today on above avg volume...no news that I've found.
Not too shabby.
Am I the only one? :o
laterz...Jody
Quote from: 422fwhp on March 29, 2006, 05:25:51 PM
Am I the only one? :o
Guess so.
Sold today at $0.155
A nice break out with volume!
Dont chase... :'(
ready for breakout imho
Caledonia Announces the Signing of Two Further Cobalt Sales Agreements
Tuesday , March 11, 2008 09:00ET
http://media.marketwire.com/attachments/200803/373278_caledonia.gif
TORONTO, ONTARIO -- (MARKET WIRE) -- 03/11/08 -- Caledonia Mining Corporation ("Caledonia")(TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased to announce its wholly owned subsidiary company Caledonia Nama Limited ("Nama") has signed two more cobalt off-take agreements with large Chinese refiners. This now brings Nama's contractual commitments for the Nama Cobalt Project between 2009 and 2013 to a total of 35,560 tonnes (+/-10% at Nama's option) of cobalt metal equivalent.
Under the terms of these two new agreements Nama will supply a minimum of 16,560 tonnes of cobalt metal equivalent, in the form of cobalt hydroxide, from the Nama Cobalt Project from 2009 until 2013. These agreements, in common with the first agreement announced on January 29, 2008, specify that the price shall be based on the published monthly average quotation for Cobalt low grade on the London Metal Bulletin and contain a guaranteed "Take or Pay" minimum cobalt price of US$12/lb.
The Nama Cobalt Project is located in Northern Zambia. Nama plans to commence mining Anomalies "A" and "C" using open pit mining methods, pre-concentration and conventional cobalt extractive technology. Detailed mine planning is underway and the Company expects to commence operations in early 2009.
Commenting on the announcement Stefan Hayden, President and CEO, said "The completion of the three long term supply contracts underpins the initial planned production capacity at Nama. The signing of these two additional contracts further demonstrates the strong demand for cobalt in China and confirms the attractiveness of the Nama Project, as a primary cobalt producer, to refiners. Caledonia continues to progress the Nama Project towards production as rapidly as possible."
Negotiations on additional contracts are continuing and will be announced once finally concluded.
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.