Epic : CDN

Web Site : http://www.caledonresources.com

Broker Note 1st Aug 2007 : http://www.caledonresources.com/Images/FileManager/192.pdf


About Caledon: Caledon is quoted on the London AIM market (Ticker: CDN). In 2006, the Company acquired two Australian coal projects; the Cook mine and the Minyango coal project, both situated in the Bowen Basin, Queensland. The Cook mine is host to a mineable reserve of 17 Mt of coking and thermal coal with a 10 year mine plan. On 21 March 2007, Caledon announced commencement of production at the Cook mine with targeted output to reach a 100,000 tonnes per month rate by the end of 2007 and 1.5 million tonnes per annum in 2008. On 14 March 2007, the neighbouring Minyango project resource was brought to a JORC standard of 240 million tonnes which was an increase of 17% on original estimates. Caledons aim is to develop the Minyango project to potentially increase the Companys production in the near-term to accompany its already producing Cook mine project.

**********************************

Caledon Resources PLC Interview With:
Mark Trevan Managing Director

Dated September 20, 2007

http://www.wallstreetreporter.com/page.php?page=featured&id=26736

2

3

4

5

Last interims : 11th Sept 2007

http://www.investegate.co.uk/Article.aspx?id=200709110701416234D

11 September 2007

Caledon Resources plc
('Caledon' or the 'Company')
Interim Results for the six months ended 30 June 2007


Highlights

Explorer to producer. The transition from gold explorer to coal producer
is almost complete, the remaining Chinese assets are being reviewed and the
Company's options are being established. The transition is supported by a
robust operating asset base and strong management team with experienced coal
executives and operators.

Cook Acquisition. Shareholders will recall that, through its subsidiary
Caledon Coal Pty Limited ('Caledon Coal'), the Company took possession of
the Cook mine on 14 December 2006. Recommissioning of the Cook mine started
in early January following a period of running on care and maintenance under
Xstrata. A new site management team and workforce has been engaged which
currently stands at around 130 people.

Minyango Acquisition. The first phase of exploration is completed at
Minyango. The Company has completed 15 drill holes, in addition to the 65
previously completed holes on the project, in a programme designed to
further define coal quality, coal seam continuity and seam thickness of the
deposit. This drilling led to the completion of a resource estimate by SRK
Engineering amounting to 240mt (JORC) coking and thermal coal of which 75mt
is indicated and 165mt is inferred.

China. On 31 July 2007 the Company announced the signing of a Letter of
Offer with Indochina Minerals Limited ('Indochina') regarding the sale of a
number of gold projects in The People's Republic of China.

Results. The loss per share for the six months ended 30 June 2007 was
3.91 pence (2006: earnings per share 1.27 pence)

Commenting today, Robert Alford, Chairman of Caledon said 'The Company has
successfully completed the refurbishment and recommissioning of the Cook mine.
Production and sales of Cook coal have now commenced. We have an established
work force in place at Cook and we continue with the exploration program at the
240mt adjacent Minyango project. The Company remains focused on increasing
production at Cook and looks forward to introducing the Magatar Mining System in
October with an expected production rate set to reach 100,000 tonnes per month
by the end of the year'

Copies of this interim report for the six months ended 30 June 2007 will be
available from the offices of Caledon Resources plc, 18 Upper Brook Street,
London, W1K 7PU, and on the Company's website www.caledon.com.

Last Operations Update : 25th Sept 2007

http://www.investegate.co.uk/Article.aspx?id=200709250856554241E


Caledon Resources PLC
25 September 2007


September 25 2007
Caledon Resources Plc

Caledon Resources plc ('Caledon' or 'the Company'; AIM: CDN) announces 60,000+
tonne sale of coking coal from the Cook mine and arrival of New ABM 25 Bolter
Miner.

The new Voest Alpine ABM 25 bolter miner has arrived on site and is in
the process of being prepared to be taken underground.

Continuous haulage system mechanically assembled and is in the process of
having electrical and hydraulic systems commissioned and tested on surface.
Once completed the haulage unit will join the ABM 25 underground.

Implementation of the complete Magatar Mining System progressing in line
with expectations.

Company confirms the sale of 60,000+ tonnes of coking coal in September
2007.

AIM listed miner Caledon Resources announces the delivery of the new ABM 25
Bolter Miner to site. This 'state of the art' miner will join the new continuous
haulage system and together they will be taken underground to complete the
Magatar Mining System.

The Magatar Mining System is a new mining method for Australia which
incorporates a Continuous Bolter/Miner paired with a continuous haulage conveyor
system plus other key elements. As demonstrated in South Africa, USA and Canada
this mining method can achieve impressive production rates in excess of 1
million tonnes per annum.

The company also confirms that sales of coking coal from its 100% owned Cook
mine have amounted to in excess of 60,000 tonnes during the month of September
2007. The coal was sold under existing marketing agreements at a price in line
with industry expectations.

Commenting on today's announcement, Robert Alford, Chairman, said 'This
significant sale of coking coal represents a further milestone for the Company.
The recent arrival on site of the new ABM 25 Continuous Miner together with the
Prairie Haulage System brings the final elements of the Magatar Mining System
together. The Company remains on target to implement the full Magatar system
during October with increased production expected almost immediately. '

If anyone has not listened to it yet, well worth it :

Caledon Resources PLC

Interview With:
Mark Trevan
Managing Director

Dated September 20, 2007


http://www.wallstreetreporter.com/page.php?page=featured&id=26736


.

Demand for Coal and for Coke appears to be very strong presently.


http://www.busrep.co.za/index.php?fArticleId=5021098

Coal prices soar to record over $100
September 27, 2007

By Jackie Cowhig

London - Physical coal prices for delivery into Europe broke record levels over $100 a ton on Thursday, as the worldwide rally in energy prices broke through into the opaque and fragmented coal market.

Coal prices have been rising all year as availability has progressively tightened. Unfortunately for consumers, freight rates have also repeatedly hit record levels, forcing up the delivered cost of coal.

Three Q4 delivery coal cargoes traded on Thursday, one at $102.00 a ton DES ARA and one at $101.00 DES ARA on the globalCOAL trading platform. A further parcel was sold at $101.00 through brokers, traders said.

These were the first visible, on-screen coal trades ever at over $100.00 a ton. In January, CIF/DES ARA coal prices were around $65.00 a ton.

Prices of prompt loading South African coal cargoes bounced back above $65.00 a ton free-on-board (FOB) Richards Bay on Thursday, having drifted down to around $63.85 for an October cargo on Wednesday.

A flurry of four trades within minutes of each other on electronic trading platform globalCOAL saw prices rise to the highest traded level on Thursday of $65.50 a ton for a December loading panamax.

Two November loading panamaxes traded at $65.00 and $65.25 a ton and two December panamaxes at $65.50 and $65.30.

There were several companies involved in the trades including banks, traders and a major European utility/trader.

The buyers were covering short positions for Q4, one of the companies involved said.

South African availability for Q4 and Q1 is tight and getting tighter, traders and utilities said.

Prices for prompt cargoes could rise to $70.00 or more within weeks if Indian buyers return to the market as expected for two million tonnes for Q4 shipment, traders said.

Coking coal prices set for a boom ahead ?

The key line, as far as CDN is concerned, is "and with a rebound in prices for thermal and coking coal likely,"


http://www.dailyreckoning.com.au/australian-dollar-6/2007/09/27/

Strong Australian Dollar Sign of Strong Economy

Posted by Dan Denning on Sep 27th, 2007

The Aussie dollar once again moved up against the greenback, nearing 87 cents. The strength of a currency is often a referendum on the strength of an economy. Australias economy has some notable weaknesses, namely the trade deficit and the high level of household debt as a percentage of GDP (see yesterdays letter). But it also has some obvious strengths which make it appealing to investors.

The Australian Bureau of Agricultural and Resource Economicswhich has the clumsiest name of any government agency weve ever encounteredannounced earlier this week that Australian commodity exports should generate nearly US$144 billion in sales in 2007 and 2008. The stronger Aussie dollar actually lowers the sales figures a bit. Commodity sales priced in US dollars are then converted back into the Aussie. With a falling greenback, Aussie export earnings take a hit.

So far, however, high commodity pricesespecially for nickel and copperhave kept export sales growing. With BHP (ASX:BHP) and Rio Tinto (ASX:RIO) negotiating a hefty increase in the iron price for next year, and with a rebound in prices for thermal and coking coal likely, the Australia-China parternship looks as strong as ever. Not just boom. Sonic boom!

I didn't realise that TW had a 70p base valuation target on CDN but with Minyango offering lots of upside to that 70p.

Jolly good.

Update from GE&CR today :

...........On September 3rd, Caledon Resources announced that it had made its first sale of coking coal with the shipment of 14,000 tonnes in August 2007. Due to a change in vessel arrival dates, this first sale of coking coal was below the forecast indicated in the Companys AGM statement announced on 31 July 2007. Forecast sales of coking coal for September are in excess of 60,000 tonnes.

On September 11th, the company announced its interim results. These showed that it had made a pre-tax loss of 5.73 million in the half calendar year, resulting in a loss per share of 3.91p. The losses reflect the cost of the companys successful completion of the Cook mines refurbishment and re-commissioning. With output from the Cook mine now increasing sharply, a process accelerated by the introduction of the Magatar Mining System in October, it is likely that production will reach levels of 100,000 tonnes per month by the end of the year.

Our current valuation of the Cook Mine alone is 71p. We expect drilling results from the Minyango lease to be published shortly - they are currently held up by the analytical lab in Australia. Our valuation of the Minyango lease is at 3.6p per Caledon share. With an estimated cash at bank figure of 1 million our estimate of fair value is 76.45p per Caledon share. At 36p our stance remains buy.

http://www.marketwatch.com/news/story/bhp-billiton-says-coking-coal/story.aspx?guid=%7BEE4BD93C-868A-4745-8CCF-64DDC0A2AFFD%7D

BHP Billiton says coking coal demand very strong

By Alex Wilson
Last Update: 5:30 AM ET Oct 2, 2007

MELBOURNE (MarketWatch) -- BHP Billiton Ltd. (BHP.AU) said Tuesday that the coking coal market remains very strong.
BHP's marketing director for carbon steel materials, Peter Toth, said infrastructure constraints continue to limit supply and that demand from traditional customers remains strong, while China and India continue to grow.
"The underlying fundamentals of the coking coal market are very strong, and it's the strongest that we have seen for some time" he told analysts.

http://www.investegate.co.uk/Article.aspx?id=200710040701401149F

October 4 2007
Caledon Resources Plc

Caledon Resources plc ('Caledon' or 'the Company'; AIM: CDN) is delighted to announce a substantial uplift of both Resources and Reserves at its Cook Coking Coal Mine

39% increase in Cook mine Resources to 176 million tonnes in the Measured and Indicated categories

Cook mine Reserve has increased by 38% to 23.6 million tonnes

Group total JORC compliant resources have more than trebled to 416 million tonnes since readmission in 2006

Final coking coal sales figure for September amounted to 70,000+ tonnes.

Caledon is delighted to announce a substantial uplift of both Resources and Reserves at its Cook operations following an extensive study by independent consulting group, SRK. The previously stated Cook Mine Resource was 126.5 million tonnes. Further drilling has confirmed a 39% increase in Resources to 176 million tonnes in the Measured and Indicated categories. A detailed mid-term mine plan study has also substantially increased the mines Reserve. The Cook mine Reserve has increased by 38% to 23.6 million tonnes. Both Resource and Reserve statements are to the JORC standard.

The Company also takes this opportunity to update the information regarding September sales of coking coal from its 100% owned Cook mine. Final sales for the month of September 2007 totalled in excess of 70,000 tonnes. The coal was sold under existing marketing agreements at a price in line with industry expectations.

Chief Operating Officer Peter Seear said 'This latest study by independent consultants has added a further four years of mining to our mid-term mine plans, with substantial further upgrades to come in future years as drilling continues.
Caledon has taken the unusual step of planning its long term mine design and has now developed the mine plan out to 2020 with substantial additional expansion to come. In the short term we continue to focus on the implementation of the Magatar mining system as soon as possible.'

Mark Trevan Managing Director of Caledon Coal added 'Caledon now have JORC Resources of 416 million tonnes at its Minyango and Cook properties with substantially more expected to be defined as drilling continues. This is further evidence of the commitment that Caledon has made to develop these world class coking coal properties. Since Readmission on 14 December 2006, the Company's total JORC compliant resources have more than trebled to 416 million tonnes.'

Excellent!

This looks like a pump and dump exercise if ever I saw one.
Stay well clear I say!!!!

Moving up again.

Yep, well, the new system is being implemented this month, so we should get an update some time of success in doing this, and of course, once its in, then increased coal production.

You cannot be serious.
In these days of green fuel what chance has a coal mine these days?

Caledon jumps on resource upgrade
Thursday, October 4, 2007, 09:05 AM
Caledon Resources (AIM: CDN) received a boost to its share price this morning after announcing a substantial increase in the resources and reserves at its Cook Coking Coal Mine in Australia. Caledon said that the measured and indicated resource had increased by 39% to 176 million tonnes and the coal reserve had increased by 38% to 23.6 million tonnes. The brought the total JORC compliant resource to 416 million tonnes, more than treble the estimate when Caledon was readmitted after completing the acquisition of Cook from Xstrata Australia. Caledon also added that in September is sold 70,000 tonnes of coal.

Mark Trevan, Managing Director said "Caledon now have JORC
Resources of 416 million tonnes at its Minyango and Cook properties with substantially more expected to be defined as drilling continues. This is further evidence of the commitment that Caledon has made to develop these world class coking coal properties. Since Readmission on 14 December 2006, the Company's total JORC compliant resources have more than trebled to 416 million tonnes."

Shares in Caledon jumped 12% to 38 pence on the positive news.

I still think these will head south when the dust settles.

transco, you are entitled to your opinion, I presume you have no interest in this company!, so whats your point??

My point it is dangerous to invest in companies like Caledon where web sites like these can pump up a share price and bring about short term spikes only to see it come to nothing later.
This is a pump and dump stock take my word for it.

Punteres beware!!!!!!!
imho sorry goal just my view - time will tell

Errrr pump and dump stocks tend to be smal illiquid shares with no current real business. Certain people buy into them, and then ramp them like mad, and with the stock being illiquid, the SP will suddenly jump massively to which they sell out. A pump and dump cycle is a couple of weeks, no more.

However, Caledon has a business plan, it has an ongoing business, its now producing and selling coking coal, and if their expansion plans come out fine, then in a short period of time the production output will make the present market cap look undervalued imv.

PP i agree with you on the business plan, they are believe to be testing the new equipment at present, which should push up tonnage quite considerably. And of
course theirs a question of reserves which have been increased of late to the Cook
Project and we await drilling results form Minyango, which could be a real ice topping?
cyril

Papal,

Sorry old boy but all aim stocks are as you describe small illiquid thats why they are there.
Caledon is a perfect example of a pump and dump exercise.
If the new reserves were as they say why does the SP not reflect it?
Reason - Australia is floating on coal (100 years of reserves) so its hardly surprising they have found more - on the other hand its a dying fuel and has no long term future.

Sorry but investors stay clear - if im wrong I will eat my hat.

IMHO

transco,
CDN are producing Coking Coal for which their is a world shortage along with a growing demand and will be in the growing future.
How would you like your hat seasoned?
cyril

Exactly cyril, the demand for coking coal is far outstripping supply.

I respect your opinion but as I say Australia has no shortage of coking coal.
The continent is floating on it - 100 years of reserves.
Its the cost of extraction thats key and there are other more well managed companies quoted on the Ausy market that are a much better bet.
Caledon is a very very small player with little future.

IMHO

transco, you have hit the nail on the head.

Thats what Caledon are all about, reduced cost of extraction makes previous uneconomic mines, once again very profitable.

Have you noted the history of Cook ?

Prices have gone up - I accept.
However there are other huge players in the field and Caledon are small fry.
Its just not worth the risk investing in a company that recently mined for gold in China.
I mean.... you can not be serious!!

Small fry, well, they have the sales agreement in place with Xastra.......what makes them small fry ?

It matters not about what they were, markets are forward looking, not historical, and the future looks like good coking coal production at around 100K tonnes per month.

Thats around 9.6m US dollars a month sales revenue, on line by around year end.

Not bad is it.

3M X trade.

Might be the seller now clear, and the overhang gone ???

ok lots of coal in Australia - tell us something we dont know!!

Could be an interesting week coming up, with CDN holding presentations in
London?
cyril

I still dont see any upside!!

The big question remains over the Nov 15th Minyango final payment, given we have not see the Feasibility study, then as per the announcement it looks like a 3 month delay will come in, pushing this back to Feb 15th 08 - which would be good as it allows production and cash flow to grow.

This would also be good when you consider the smaller payment due for the loan notes in December, as it takes the pressure off there too.

A number of people have sold out and potentially taken short positions thinking a placing is coming very soon and they can get a low buy in price. Well, that remains to be seen..............a 3M X trade today clearing perhaps the overhang, might sugggest that a placing is not going to happen soon. Who knows.

With 100K production a month planned for year end, and the cash that generates, imv, CDN is undervalued by some margin.

Good news, coking coal spot prices now at 125$ per tonne, and the outlook is for further rises throughout the rest of this year and 2008 :)


http://www.telegraphindia.com/1071008/asp/business/story_8408562.asp


Hike in coke prices bugs steel makers

Mumbai, Oct. 7: Coking coal and metallurgical coke (metcoke) prices have started rising over the past few months, putting pressure on steel makers in

India and China even as they prepare to start negotiations on fresh supply contracts.

The price rise has been triggered by a supply shortage and strong demand emerging from China and India.

Metcoke is derived from coking coal and is primarily used by steel makers who use the blast furnace route.

Coking coal prices were soft for around two years but have started hardening in the past few months.

The price of good quality metallurgical coke rose from $150 per tonne in June 2006 to $260 in August. It is now ruling at $290 per tonne.

The landed cost has jumped to $320 per tonne because of rising freight costs.

The spot price of coking coal is now at $125 per tonne. Last year, annual contracts for coking coal were struck at $100 per tonne.

Industry circles say prices will continue to rise during the rest of the year and further harden next year.

This is the time when global steel mills start negotiating annual contracts with coking coal suppliers for the next year.

Sources here said the negotiations had already started between certain suppliers and Japanese steel mills.

Reports state that the prices that are being negotiated are around 5 to 10 per cent higher than last years level.

Industry circles say Indian steel makers such as Ispat Industries, Steel Authority of India Ltd and Tata Steel import coking coal and metcoke. Although companies such as Tata Steel have started buying into overseas mining assets, a large part of the industrys coking coal or metcoke requirements are still met through imports.

In August, Tata Steel became a strategic investor in Riverdales Mozambique Coal Project by acquiring a 35 per cent stake for A$100 million.

The hard coking coal derived from the project will be supplied to Corus facilities in the UK and Europe.

A lack of captive raw material source for coal and iron ore is a major weakness in the operations of Corus.

In 2006, Corus imported about 11 million tonnes of coal to feed its 19-million-tonne production capacity across plants in Europe. The coal, converted into coke for direct injection into blast furnaces, comes from Australia, Canada and the US.

It will also be used to meet Tata Steels own increased requirements in India.

The surge in prices is good news for companies such as Gujarat NRE Coke, which is the largest independent producer of metcoke in India.

The companys total coal resources are estimated at over 580 million tonnes.

Gujarat NRE Coke, which had posted losses in the first quarter of last fiscal, saw a sharp turnaround in its performance. The operating profit for the first quarter ended June 30 rose to Rs 62.68 crore compared with Rs 10.57 crore in the same period of the previous year.

Net profit jumped to nearly Rs 43 crore. The rise in coking coal prices has ignited the companys stock, which has jumped to over Rs 90 from just under Rs 30 a couple of months ago.

http://www.metalprices.com/metalNews.asp?id=60040&svc=ODJ&type=1

Metal News
09 Oct 2007 12:50:00 AM

.......................For 2008, UBS has raised its copper forecast by 8% to US$3.25 per pound,nickel by 15% to US$13.25 per pound, gold by 17% to US$7.60 per pound, iron ore fines by 8% to US$109 per long ton unit, and hard coking coal by 13% to US$130 per metric ton, but cut uranium by 52% to US$95 per pound. UBS said its iron ore forecast now represents a 35% increase in the benchmark contract price, from a previous forecast of a 25% rise......................

I personaly think this one is way undervalued by the market.

Of course the green lobby wont agree but in business its usually getting a supply of what is the cheapest form of fuel for future progress.

Make no doubt about it coal is going to play a big part in the energy markets going forward.

You are a busy ramper!!

IMHO this stock is way overvalued and has been touted up by people who should know better.The SP is an indication of this!!

Another big X trade, this time 1.5m at 36p (higher price than the 3m X trade on the 11th).

More overhang cleared up then.............

Plenty of big trades today as well as the large X, hopefully its now building a base as lines of stock pass from weak to strong, and CDN can soon commence a decent move upwards.

Spot on PP.

aUSTRALIA is floating on coal and this minnow of a share is going nowhere.
Punters beware some people are pumping this stock!!

Ticking up nicely today.

Maybe I was a bit hasty is my opinion.

I've been watching this the last month or so with a view to taking a position here. Looks promising albeit speculative.

Yes it does now.
As I have posted before I think there could be some people pumping this one up but the move up today has surprised me.
There could be something in this one.
Then again the aim market is spells danger for inexperienced investors.
You could lose your shirt!!!

Wow salt and pepper at the ready something is happening!!!

Rumour mill is the new ABM25 will be cutting coal next week.......lets hope so, and hope its implementation goes smoothly and we get the big upgrade to production for Nov and Dec.

Transco,

I respect your opinion and warning, however feeled compelled to say that Papal is a pretty good in fact very good stock picker, he/she gets most of the selections very right.

While not obviously a reason to follow his/her lead, it does show that he/she picks stocks using sound fundamentals and prospects.

Apologies for the political correctness.

Stevo,

Respect man!

I have found the need to be very very careful when taking advice from these boards, especially when it involves AIM stocks.

I just say this from experience. - In term of the facts I really dont see why Caledon is special there are lots of other mining companies around so why should they be so undervalued.

I just dont see an argument for buying them over others in the market.

I do understand your point, maybe they are undervalued because there are just so many mining stocks around with great potential, this is a supercycle after all, hopefully it will last until my retirement 20+ years to go lol.

Or if I cock it all up 29+

steveo, given my bank balance, do not follow any of my stocks........... ;) LOL


transco, you value a company on what it has, and what it is producing. Caledon should soon be producing 100K tonnes a month, that is worth around 12 million dollars sales revenue a month.

Take that level of production and put it on a PER of say 6 to 8 and what do you have ?

You have CDN being grossly undervalued at present.

They still have to prove the ABM25 can work a cutting coal........if they do, then the shares should rerate upwards.

Ok guys.

Let the SP show us who is correct!!

Kool

Seems to be answering the question? Up over 5% today.
cyril

Yes, rising nicely. Rumours of an ABN Ambro note out on CDN with target price of 93p.......will have to wait and see if the rumours are true.

My point exactly - Rumours!!
Be very wary of rumours because if they turn out to be false we are back to 20p or less!!

On what basis transco.

Please share your figures for revenues and production with us, such that your target of 20p is justified........thanks in advance.

LOL.:-)

Excuse me but Caledon does not pay a dividend and never has.
The value of the company is based on mythical figures that have yet to be realised.
I dont see the directors buying in!! I would have thought that a 50% potential gain would interest them? [[

Many companies do not pay a dividend. Thats not an answer.

There are only very limited times during a year that directors are allowed to buy shares, and certainly ahead of major news is not one time.

They have already sold coal in Sept.....how many tonnes was it ? Its in the RNS.

And what value was that at spot rates for coking coal ? Any idea ?

Taken the expected monthly production in 2008, what do you think of the expected revenues ?

transco, this is old news but this might answer some of your accusation's. The Board of Caledon (AIM:CDN) announces that, on 23 March 2007, it was notified
of the following transaction by Directors in the Company's ordinary shares of
0.5p each.

Glenda Trevan, wife of Mark Trevan, purchased 60,000 ordinary shares at a price
of 35p each (representing 0.04 per cent. of the issued share capital) and now
holds 60,000 ordinary shares. Following this purchase, Mark Trevan and persons
connected to him are interested in 60,000 ordinary shares, representing 0.04 per
cent. of the issued share capital of the Company.

Thanks Goal,

But by any standards these are very very small numbers to be almost insignificant.
Most bullish director deals are in the 100s of thousands.

Last friday it was 35,25p now 42p, thats almost 20% in a week, nice.
cyril

Yep, lovely rises of late, and plenty more to come in the months ahead, imo.

The selling should start soon........ if I am correct!!

Lots more buying coming in and moving up after a small shake.

Resistance at 39p and 42p.......if we can break up through 45p bid price then its blue sky.

Given the rise of late, its doing well to keep going.

LOL, you were not correct. Don't you think its a bit silly to pick a share thats given over a 20% rise in a short term, and then say there is going to be selling ? Of course there will be, its normal for profit taking to cut in, however, what we have seen so far, the rise is sustaining itself.

A good consolidation period of selling after a good rise is also healthy, it marks the base for another move up again in the future.


transco - 19 Oct 2007 12:53 - 69 of 70
The selling should start soon........ if I am correct!!

The day is not done yet Papal!
Dont call me silly I respect your comments. Please respect mine.
I will give you credit if I am wrong.

transco, not calling you silly, hence it was a question as such, "dont you think its a bit silly".

Up again.......if we can stay blue on a Friday (where profit taking normally happens) it will be a good sign imv.

Up again, now 43/45.......and up over 10% just today.

Papal.

OK Pal I give in - you are correct and I have been silly to ever dispute your view.
There is clearly big buying pressure mounting and it all blue sky from here.

To be honest I purchased a small number before the change of name (gold in china).
and the consolidation (hence me being sceptical) - they owe me quite a sum so I hope they keep rising.

A great pick even so.......

Over 1m MM buys in the last hour, so yes, sure is some big background buying pressure presently.

If we get news next week on the ABM25 cutting coal ok, then it should add to the interest in CDN.

Could be an exciting few weeks ahead......and then again, it might not, thats the markets....

Oh dear I'm afraid the wall st effect will take place on Monday and wipe out all the gains of this week.

Typical!!!!!!!!!!!!

Just to confirm the presentations and the message was well received last week. It would be great to now follow this up with news this coming week, or next, that the new ABM25 is cutting coal and commissioning has gone well.


From Fridays Guardian :

http://business.guardian.co.uk/story/0,,2194469,00.html

...........Lower down the market, Australian coal miner Caledon Resources added 1.25p to 39.75p as the company did a round of well-received City presentations this week. New equipment is due to come onstream within the next few days, which should see the mine producing 100,000 tonnes of coal a month..............

After a successful road show, CDN have now 15m (conditional) to see through
its plans for the ABM25 and Minyango projects. Augers well for the future?

http://www.investegate.co.uk/Article.aspx?id=200710220807490923G
cyril

Positive reaction this morning, up now, 44.4p to buy.
cyril

The push north looks to be running out of steam for now!!

Transco your post sounds desperate?
Demand from China, Japan, India and Europe is pushing up prices, and has been discribed as staggering by Macquaries Bank chief commidity analyst Jim Lennon and expects a 10% increase in the price of coal.
Soft coking coal from Australia to India is bringing US$200 a tonne that is $40 more over the last couple of weeks and more than double the contract price.Plenty of scope for a further push northwards imo?
cyril

Caledon - Small player - lots of better alternatives with bigger reserves and lower costs.

transco, fair enough if thats how you feel, then spend your energy elsewhere.
cyril

If I can help prevent punters going into this stock it will be worthwhile.
AIM stocks are so unpredictable and open to scams one must take care.
This one still looks like a pump and dump to me!!

LOL :)

transco i hope your wrong, must admit the rush to 50p earlier was just that on rumour of a take over?

From the companies web site, CDN nominated for Miner of the Year award.
http://www.caledonresources.com
go to news
cyril

I hope I am proved wrong as I hold them!
Smells fishy to me though!

Main tip in shares mag today...NICE.

Chinese asset disposal, details HERE

Going well.........

PP;
Yes doing nicely, i believe its to do with possible results ref to the new systems in place.
Tight spread at the minute,
15,000/46.9p 25,000/46.4p
cyril

This hat tastes vary bad!!
How wrong can one be!!!!!!!
Sorry.

transco;
I take my hat off to you.
lol
cyril

Article in shares mag...

Buried Treasure:
*Caledon Resources (CDN) - Weatherly International (WTI) - Avocet Mining (AVM) - Aricom (ORE) - Braemar Resources (BRR) - Ridge Mining (RDG) - Van Dieman Mines (VDM) - Angus & Ross (AGU).

Ah, my old friend Goldfinger - I must have stumbled across a good share again. Just in today at 42.5p looking for great things. Same price I entered MYH when we last met. Good karma or what?

Caledon Resources PLC
26 November 2007


CALEDON RESOURCES PLC

('Caledon' or the 'Company') AIM: CDN


Caledon Wins Mining Operation of the Year Award


London, 26 November 2007, Caledon Resources plc (AIM: CDN) is pleased to
announce that the Company's 100% owned Cook coal mine has been awarded the
Mining Operation of the Year at the annual Mines and Money Awards 2007 held in
London on 21 November.


The award was for a mine that has 'undertaken the most effective operating
improvement during the past year'. Five companies were initially shortlisted by
an independent panel of judges with the winner being selected by a panel of
judges together with online voting.


Caledon was awarded the Mining Operation of the Year for its Magatar
continuous-mining techniques at its Cook coal mine in Australia.


Commenting on the award, Caledon's Chairman Robert Alford said, 'I am delighted
that our Cook mine has received this prestigious award which recognises the
Company's achievements since we acquired the Cook mine last year. The
competition for this award was extremely high and all of our employees at the
Cook mine can be justly proud of this award.'

I think that CDN is well worth checking out at present, all the hard prep work is
almost done. Their enormous cutting machine is up and running and the flexi
conveyor system is being fine tuned,once this is put into operation the real tonnage output can be achieved. So the next 2 months should easily see 20% and
more likely 30/50% inprovement in the SP, which is presently around 37p?
imo
cyril

CDN's success will so much easier if the price of coking coal reaches the highs as forecast?
http://www.news.com.au/business/story/0,23636,23054421-462,00.html
relivent part of article near the end.
cyril

SP drifting lower by the day would be nice to have an operations update as no news since early December.

I believe their hoping to have the systems up and running by the end of this month.
its been a long time getting their but can't be far off now? Possible delay may come from the terrible weather they have experienced in Queensland over the last couple of weeks ,which has caused major flooding. Although it seems we 've
missed the worst of the storms.
cyril

Get yourselves a bargain, with coking coal prices going through the roof, confirmation that the new system is up and running.
http://www.investegate.co.uk/Article.aspx?id=200801300730098354M
cyril

Brilliant news.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1886998
Not sure if anyones aware but CDN have the controlling rights for Megastar,which
now proven will become the norm for coal production in aussie.
cyril

Profit taking today but long term buy for sure!!!!!
One of the best buys going too.........

I have taken a position in this mine, (after long hesitation) : I hope you're right niceonecyril, tranco15, goal,...!

No danger - hold on to your hatit will be a fast rise!!!!!!!!

It would be nice if that is the case transco15, although not so sure myself, i see a steady rise due to the depressed state of the market. Their are a couple of issues
which may contain the M/Capin the short term,the first being the debt for Minyango Field(page 4 of the following report)and transportation of the coal,which due to the heavy rains and flooding may work in our favour?
But coal is one of the safest sector at this minute,so a climb up to somewhere
nearing 60p would be nice over the coming months.
http://www.caledonresources.com/Images/FileManager/205.pdf
cyril

Any idea how you can get daily info about commodities, apart from buying FT ?

RF;
Try registering with minesite.com, or kitco.com would probably do it?
CDN motoring today,up to levels prior to all the market turbulence.
cyril

CDN up another penny today, steady rise on the implentation of the Megastar system. If we get another RNS which builds on the last then 50p no problem?
cyril

CDN flying again today, up to 40p. Is real value is coming to the fore?
cyril

Could see a rise in CDN's SP today with torrential rains,South of Mckay causing
mayham and helping the spot price of coal to rise? This weather front is expected to last at least until the 19th, and has so far caused wide spread local flooding.
cyril

Ever wished you stayed stum? A heavy drop in the sp today, here's the reason why.
http://www.investegate.co.uk/Article.aspx?id=200802150938020760O
cyril

The SP seems to have recovered most of its loses today, with fund raising via
share dilution always bring a reaction. Not sure how this will play out over the coming months,but at least the reasons for the action is valid.Both with monies to
fund the completion of the purchasing of Minyango and working capital essential to
allow CDN to ramp up production at Cook(coal prices are up 50% over the last month) and proving up resourses at Minyango along with other expenses(accounts),all seems to be going forward and will reward the patient.
aimo
cyril

mmmm i dont like the look of the fund raising exercise - not good timing in my opinion.
i expect the next move to be down!

Some large buys(100,000*2) going through this am,giving a welcome boost to the SP.
cyril

Great interest in this company this am, i make over 3,000,000 traded so far with some large buys. Theirs a belief that the float SP on the ASX will 40p,no idea how
correct this is only time will tell?
cyril

http://business.smh.com.au/coke-shortages-threatens-chinese-steel-supplies/20080222-1u1m.html
cyril

www.advfn.com'>free stock charts from www.advfn.com We have broken the trend line, its looking good.

Market begining to appreicate this stock and its potential, broken 50p today,with
ASX listing in the near future to pay for Minyango. But the main interest is whether
the new system is achieving the output promised from the Cook mine, early days yet but with the hugh rises in the price of coking coal anything in excess of 60,000tons /month (100,000 aiming for) could make this a profitable company.
cyril

Coal Coal Coal............ :)

Yes, coal coal indeed i'm also in WTN which has a great upside too, imo?
cyril

Yes, I'll go along with that. (CDN).

W O W - At last we have movement big style.
Whats with the late news of Polo taking a bigger stake to boot.
Big times ahead after a bit of profit taking.....

I could kick myself for selling out of this, good luck to those in !

.

And here is the reason for all the days excitement.
http://www.investegate.co.uk/Article.aspx?id=200803061625315633P
Now the CEO of Polo Resources is none other than Stephen Dattels a former
CEO of CDN who was forced out in Feb 2005,he has a reputation of driving up stock before selling. Although it appears he is not liked, he has this reputation for making money.
So could we be seeing, the 1st signs of a possible take over?
cyril

Having a bit of a mad one at the moment...!

Is this part of the jigsaw?
http://www.investegate.co.uk/Article.aspx?id=200803070720125908P
cyril

Looks like a mass exit due to a possible suspension?
cyril

Prob just people taking advantage of the spike to gain some profits...

http://www.investegate.co.uk/Article.aspx?id=200803101536037604P
All resolutions passed.
cyril

Actually I don't think CDN is a pump and dump stock - more a medium to long term hold, maybe worth buying on weakness - unless something goes badly wrong with the mine

I tend to agree with you Brindle, and if allowed to continue will come good at
the Cook mine and Minyango will have its resources increased. It seems that presently Polo are attempting a take over so not sure what the short term will bring?
The Dow is flying today, up 322pts at present.
cyril

Missed opertunity today, poss... should have bought in at 45p earlier....

No advice intended, we are under valued IMO.

http://uk.reuters.com/article/oilRpt/idUKN1159302920080311
cyril

Thanks Cyril, I like this bit,"All the price pressure right now favors the coal producers. If you can't make money selling coal at $200-plus, you won't make it selling anything."

http://www.investegate.co.uk/Article.aspx?id=200803130702150074Q
http://business.timesonline.co.uk/tol/business/markets/article3542821.ece
cyril

Up she goes. Coal Coal Coal.

Maybe in responce to a great article on minesite.com, need to register.
cyril

Non executive director resigns has this anything to do with POLO'S share buying?

Ingram would i expect have been forced out, as he holds a position with
POLO.
cyril

Here's a artticle which seems to have given WTN a boost?http://business.theage.com.au/booming-demand-fires-coal-price-hike/20080319-20ie.html
cyril

So POLO had a man on the inside which may explain their share buying..... sounds promising.

Yes he was non executive director, and the CEO of POLO.
cyril

http://business.timesonline.co.uk/tol/business/markets/article3587387.ece
cyril

http://www.caledonresources.com/images/FileManager/209.pdf
cyril

Long awaited news,
http://www.investegate.co.uk/Article.aspx?id=200804040823266157R
With the prospect of 1m/tons of coking coal at todays prices this is looking imo,
"real good"?

cyril

Yesterdays report was very dissapointing but the SP remained strong.
I think the next few trading sessions will tell us whats to future prospects.
There is a lot of punters on this one waiting for a bid.
If none comes and any more bad news all will be lost!!!!!!!!!!!

I was reasonable happy with the report myself, in so much as the problems are
now sorted (if what we are told is correct?). And although production will be
behind sceduale, its states the 0.9/1.1mtonnes of saleable coke by year end.
If we take the mid figure of 1.0m/tons, a large %age at higher prices. With
price of $300/ton being quoted a figure of $200 would imo be conservative,so
this gives revenue of $200m or 100m gross for a company with a M/Cap of
74m. So these projects are what make me think it was a better RNS than
it 1st appears?
I'll be interested to read what they have say in the prospectus for the ASX listing which is to raise monies for final Minyango payment,and expected out end of month/early May.
cyril

transco15, there maybe some investors waiting for a bid but I don't think that if the bid or potential bidders loose interest it will make a massive difference because Caledon are producing coal.

http://www.resourceinvestor.com/pebble.asp?relid=41797
cyril

Started to move up, a lot of buying after 12:30.

Yes, some serious trading taking place, nice to see.
cyril

Broken through the 60p barrier, will be nice if it holds?
cyril

She held & went up a bit.

Up she goes again, Coal Coal Coal .

Cannot beat a bit of coal can you.......... ;)

http://business.timesonline.co.uk/tol/business/markets/article3764218.ece No secret S Dattels wants control of CDN a company he was forced out of.
http://www.investegate.co.uk/Article.aspx?id=200804171106595475S
cyril

http://investegate.co.uk/Article.aspx?id=200804231700089826S-
Looks like we're about to achieved our goal of 1m/tonnes+/year, at some cost,
but for me once the Aussie placing is out of the way, it'll be all system go?
imho
cyril

Placing price imho is fair and was set a few weeks ago,i believe some drifting before the rerating of this stock which could take to +100p?
http://www.investegate.co.uk/Article.aspx?id=200804240701480100T
cyril

Prospects appear promising but ultimately depend on whether the ROCE satisfies the market, the future growth in production and of course the forecast price of coal.

Not an expert in coal, but impressed by CDN's prospects and the recent doubling of coking coal prices in China, and happy to be nearly 50% up since November. Can someone tell me briefly the difference between "resource" and "reserve" please? TIA

Pleased to see the what is at today's SP a 16% discount placing/offer price does not seem to have affected the SP this morning. I anticipate the Luxembourg convertible loan will in due course also be converted at 50p. So a fair bit of dilution to absorb, but imminent ramp in production will hopefully counteract any negative SP impact.

Has anyone run any figures on 2008 net profitability/cashflow - interested to hear?

Stock dog, resources are as i understand it, are when you have an area which has evidence of, in this case coal but needs confirming via sampling usually the drilling bit. A site explaning reserves,(in this case oil)
http://www.flowmeterdirectory.com/oil_well_terms_.html
cyril

lot of selling both small and large today - price quite robust in spite. results or fund-raising driving some investors into taking profits?

3.079.537 buy just gone through.

reported at 15.36, but I suspect was done at nearer 13.30 accounting for the SP lift. I guess it's likely to be S Dattels or associates buying so aggressively. Anyone know what %age he now controls? Do we want to be still in if/when he assumes full control - or was there a good reason why he was forced out?

stockdog, this is the official letter but I don't think it helps much. goal.


February 09, 2005

Directorate Change

RNS Number:4067I
Caledon Resources PLC
09 February 2005
CALEDON RESOURCES PLC
18 Upper Brook Street. London W1K 7PU. England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781
Press Release
9 February 2005
Chairman's Resignation, appointment of New CEO and the appointment of a
New Chairman
Caledon Resources plc ("Caledon" or "the Company") announces today that Stephen
R. Dattels is to step down from his position as Chairman and CEO of the Company
as of 15th February 2005, in order to spend more time with his family and to
further pursue his private business interests. George Salamis, the Company's
Managing Director will assume the role of Chief Executive Officer and Robert
Alford, a non-executive director of Caledon will assume the role of Chairman. Mr
Alford's appointment is on an interim basis, he will remain as Chairman until a
suitable replacement can be announced.

Mr Dattels commented: "After a period of consideration I believe that now is the
appropriate moment for me to step down from the board. I remain an enthusiastic
supporter of Caledon and it is my view that the Company now has substantial
growth potential through its existing asset base, driven by its management teams
in London and in China. This will allow the Company to make further strategic
acquisitions as well as to conduct advanced exploration".

George Salamis, Managing Director also commented; "We would like to acknowledge
Stephen for his support during the formative stages of this company. His hard
work and dedication to the task of company building has paved the way for us to
achieve our goal of becoming one of the leading advanced explorers and resource
sector consolidators in China".

On behalf of the board:
George Salamis
Managing Director
For further information, please visit our website at www.caledonresources.com or

Thanks, Goal.

Why do they always use that "spend more time with his family" clich No one who gets to be CEO of a public company wants to surely - it's not what drives them - ergo it's enforced to greater or lesser extent.

Clearly he was not pleased and wants some form of revenge by buying back control of the company.

Were there ever obvious signs of his being unsuitable for the job?

Very happy with operation and SP currently, but will keep a weather eye out for corporate developments.

Some increase, CROSSING 8,9 AND10%
http://www.investegate.co.uk/Article.aspx?id=200805010918375434T
cyril

Article relating to the above RNS.
http://business.timesonline.co.uk/tol/business/markets/article3858459.ece
Stockdog here's a insight to CDN's history.
http://www.proactiveinvestors.co.uk/articles/art.php?CDN2
Could see some action today?
cyril

http://www.iii.co.uk/investment/detail?=discussion&code=cotn:CDN.L&it=le
Click on discussion(19) latest gives someone's value on the company.
cyril

6.82 a share?

Off and running again......

something tells me there in not much left to go in this one - too much speculation.
the bubble will bust soon - anyone in since 35p should jump ship in my opinion.

Transco15, from what your suggesting, then we should all sell out as any
drop in the SP would effect all. Their is nothing other than your gut feeling in
your post to substantiate your thoughts,so lets take a look at why this might have risen to new highs of late.
Polo Resources with S Dattels CEO and former CEO of CDN along with Ingles who was recently removed as a director because of a conflict of interest, having extremely good Knowledge of this Co. they crossed the 10% threashold, which has
given the SP its latest boost. Not sure what their motives are but no way would
they risk such large amounts unless (and we know they have) had a good insight
to the workings,so unless they are in and out for a quick profit(could be classed as
market manipulation)the only other reasons for a fall is the share issue in ASX, or
a failing of the system which we've just been told is working and roughly producing
its target output.
The 1st phase of the share issue is with institutions and is fully prescribed, this
money will pay off the outstanding balance for minyango (alone will once proven,
more than justify todays market value) The 2nd which is open to the Aussie
public and (both 53p) seems a snip and will only dilute the SP 1or2p at the most,
so i'm expecting that to be a success. In the not to distant future we will be given an update on the production levels from the Cook Mine, and even if their was some shortfall, at todays coking coal prices it would still be making a very nice profit.
So to sum up, no way on present information will i sell up.
cyril

niceonecyril - thanks, very interesting links. clearly Dattels is a man with a track record of making money for himself and cronies, albeit seemingly prepared to be ruthless and rule-bending.

I see his latest acquisition to 10.78% is carefully calculated to be a tad above 10% after dilution by proposed 13.64m issue on Oz market - the minimum to give him clout with the board - can call a GM etc. Is he seeking to re-instate himself, or is he planning a bid.

Interesting that he has Ingrams as a director of Polo who used to be a director of Caledon - whatever it is, he is clearly bent on a specific strategy. I guess we go along for the ride.

http://www.caledonresources.com/Images/FileManager/209.pdf
cyril

Coal coal coal................80p soon ??????

Yes 80p+ for me, more buying by Polo i see, really getting interesting?
SP 78p at present.
http://www.investegate.co.uk/Article.aspx?id=200805071300268902T
cyril

Why go further than 10% of about to be diluted capex unless you are going to go a good deal further. Polo crossed 11% and 12% on Tuesday when SP was 72p ish which sets a nice floor under the price. He can't buy the company for less than he's recently paid and, as an aggressive profit-maker/taker, he won't be planning to sell for a good deal more than this - minimum 10%, takes us to over 80p bid.

Bit of a roller coaster since I suspect SP is now getting ahead of value of operating business. Get ready to sell if you feel your stomach lurch at the top of the next up! Or hold tilll an even higher next up.

Stockdog, i tried selling at high and re-entering but came a bit unstuck, so for me
i'll wait for the bigger picture which imo will be a lot higher SP than the present?
cyril

Stockdog, i tried selling at high and re-entering but came a bit unstuck, so for me
i'll wait for the bigger picture which imo will be a lot higher SP than the present?
cyril

let's hope so, noc!

I am taking a guess that TW at tips.com has said sell and take profits.........can anyone confirm ?

PP, its what appears to be the case, although i don't subscribe to it myself.
cyril

PS. to my last post, just wonder who buying, Polo perhaps?
cyril

all I can say is that AIM stocks are very very volatile and any punters out there with big profits should take some.
this share has been pumped up big style.
i have seen a number of australian stocks rise shrpley and fall faster.
imho

Well, I've taken my profit on this one - 66% after for 6 months to the day - very nice thank you. SP falling, many sellers today, Polo/takeover news not forthcoming - never bet on a takeover, chances of it happening mitigates against it. I'm happy and am slowly learning how to "sell too early" as John Templeton claims he made is fortune by doing!

Good luck all who continue to hold. Hope for your sakes I live to regret selling!

We are back on track today.

Ah well, sold too early - maybe get back in later.

http://www.investegate.co.uk/Article.aspx?id=200805190702007025U
This is great news if not unexpected,once the fund raising is completed it'll be all steam ahead imho, and could put us as canidiate for a take over at a much higher
SP than present?
cyril

stockdog,
well done my son and very very good advice.
nothing more sickening than losing a fat profit due to holding on too long.
Take note fellow punters - always leave something for the next man!!!

This story has run its course!!!

So what do know transco15?.

I know there is a major hype up on this stock and it wont last much longer.
when the new stock hits the market there is a big downside.
trust me I have seen this market manipulation before imho.

From todays RNS latest share massively oversubscribed, also Minyango
has the potential to produce between 2/3m.t/annum.Not the type of news which
causes shares tank.
cyril

transco15 - "when the new stock hits the market there is a big downside"

When you dilute 178m shares at 73p with 13.6m shares at 53p you get 191.6m shares at 71.5p - hardly a big dilution. And as noc says, massively oversubscribed.

Interested (in a morbid kind of way) whether my decision to sell turns out a wise move or I've missed the next upward leg. I've really no idea. Coking coal prices into China have doble since January, but CDN has had a pretty good run.

My guess (and no more) is that the Oz listing will cause a spike followed by weakness and doldrums for some tiome to come.

Nice of you to give your opinion - mine is unchanged - you have got out at the near top!!

Mention in the Times reqarding the share issue. Its possible that the reason for the
oversubscription would be down to the instant 30%+ profit at the present SP, so
we could see some early selling? For me the reason i'm holding tight is that i believe we just have an engineering issue to sort out,before the real potential is realised?
aimo
cyril

Niceonecyril,

Spot on C..... it may be worth holding on but beware if the sp comes under fire these will drop like a stone in IMHO.
I would also keep an eye on the oil price. If that drops, as it will at some point, it will have a very negative impact on CDN or any other coal stock.

SP flying this am. one buy of 80p and many at 79.5p with 50,000 and 100,000
amongst them.
cyril

Surprised so little interest here, touching 90p at present (something which has taken me by surprised) since the release of the annual report. Once the aussie
overhang is cleared we can concentrate on Cook and the Megastar production results, and with Minyango now firmly in CDN's hands the full potential can be proven up,which will no doubt be of interest to the majors bring imho a lot more
value to the company than at present?
cyril

Time to jump ship?

Well its broken through the 90p barrier, coal stocks seem to be king at this minute.
CBM +2.27% CDN +2.84% CLN +10% and WTN +4.84%.
cyril

correct - the surprising thing is no profit taking!!
when will the sellers come out?

its ticking back up again - the market appetite is insatiable!

Can't bear to watch - sold out at 71p!!!! Good luck all.

Stockdog
I bought ASOS at 10p and sold also at 71p, felt sick ever since lol
I know how you feel!!!!
Dave

holding on - what a ride!!!!!

cyril, I am away from home this week. I have popped in to a library on the Essex coast just to see how things were going. All looks good to me, now and the long term. Regards goal.

W O W - At some time there must be a blood bath here.
great ride but I now have vertigo!

PLEASE BE POSITIVE.

Well they say what goes up must come down!! dizzy

Transco, Agreed but at this minute its more important to understand why they
are rocketing? Could be a take over or news that the Megarstar has finally
started producing at levels near to what was promised(1m/tonnes/year),take your pick, whatever it is the market seems to have woken up to the value of this
company.
aimo
cyril
P.S.
WTN has broken the 4 barrier in Canada which makes CBM look real cheap.

Back home now. I bought CDN for the long term and frankly I will be delighted when trannco15 takes his profits and stops posting!!

Goal theirs nothing wrong with taking a profit and always worth thinking about, top slicing could be the answer. CDN however seems at this minute to have some momentum, just a matter of timing i suppose?
cyril

Gathering pace, what a great company and well worth the wait.
cyril

Gathering pace, what a great company and well worth the wait.
cyril

Yes, I was thinking we might finish the day at 120p but now who knows?

I must admit CDN has taken all of my concentration this morning, I must get on with other trades. I'll have a look in later.

Top sliced and bought some more CBM which is due for a rise shortly?
Take a look at LDP and my last post, if your interested in an oiler with potential, well worth reading.
cyril

WOW?
cyril

Morning all, excellent start to the day. Cyril thank you for the oiler tips but I have three oilers already in my portfolio but will keep half an eye on them two.

goal, CBM is not into oil, more coal owning 46% of WTN and attempting to buy out CLN, with several other investments . Has risen over 40p since i posted, well worth checking out although some of the gloss has been lost?
cyril

It's hard to take eyes off this one.

Shaved the top and locked in some profits.

fantastic performance .... was told to buy at about 100 but never did .... i only buy at the peak!

cynic, had you followed my post you could have bought at 28p back in january.
cyril

could have and would are far from the same ...... so diff to know which will be the winners, as of course 99% of all shares mentioned on this site are reckoned to be A1 ...... can't win 'em all

True, but i felt with the excellent research this was much derisked. LDP looks
likely to break out in the v/near future, and CBM is another coal stock which is
seriously undervalued.
aimo
cyril

Morning all, good start again (business as usual).

not so good now though

Yes, we have lost yesterdays gains, it's a bad day all around, most of my shares are down.

Strong finish.

for goodness sake .... nothing goes up in a straight line!

Polo Resources have increased their stake to 21% and sp is taking off again.

u could be wrong again cynic.

there is no need to be jealous of other people successes......well done toya and all who have this. i wish i hAD them a few months ago

Pretty darn good run :)

Woaded One - you really are a third rate tosser! ...... why on earth would i be jealous and what even makes you think i am in the first place .... perhaps think was the wrong word

Morning all, looking at the long term chart above a continuation pennant is forming ,imo.

cynic - happy to admit I'm jealous I didn't stay in - give it a go it takes the pressure off!

have more than enough minnows and minor stocks in my portfolio already

ah - but how many have risen from 40 to 140 in so few days?

CRA not done so badly, and in any case, do not hold CDN so would be buying at 140, which does not sound too bright in this horrid market AND it being Friday 13th!

Goal,

Im still in sorry!!

Good for you transco15, imo it should go much higher as I said on Friday, a continuation pennant is forming, I hope CDN give an up date soon. Coal trades at fresh record highs on globalCOAL
Thu 12 Jun 2008, 9:05 GMT

LONDON (Reuters) - Physical coal set new record high prices on Thursday on electronic trading platform globalCOAL.

Two trades for Q4 loading South African cargoes took place at $150.00 and $152.00 a tonne FOB Richards Bay for a 35,000 tonne parcel a month and a 75,000 tonne panamax a month.

The previous record price for a forward trade was on Wednesday at $145.00 a tonne FOB for a November cargo.

There is a strong contango in the FOB and delivered DES ARA markets, traders and utilities said. Most of the physical and swaps buying recently has been for forward months.

A fresh record was also set for a Q1 2009 trade for a 50,000 tonne parcel a month of multi-origin coal at $182.50 a tonne DES ARA. The previous record was also set earlier this week at $177.00 for September but the forward market had been offered up to $186.00 a tonne on Wednesday and bid at over $180.00 without trading.

Goal,
Hope you are right pal!! What Polo is playing at I dont know?
However, oil will stay high on demand and supply and coal will follow suite.
Can only be good for CDN!!! IMHO

Chaps,

Still rising without any major selling order.
they say Polo cant raise a full bid as the cant afford it so whats going on?

LONDON (Thomson Financial) - Coal miner Caledon Resources Plc. said coal-focused investment company Polo Resources Ltd. has lifted its stake in Caledon to 44.34 million shares, or 22.45 percent, from 43.26 million shares.

Polo has been raising its interest in Caledon since March, when it bought 11 million shares, or a stake of over 6 percent.

On June 12, Polo terminated its discussions with GCM Resources Plc. regarding its 175 pence a share possible cash offer for GCM.

Polo said the reason for the termination concerned the length of time it might take for the GCM board to agree to the offer, and it did not want its pursuit of other opportunities to be impacted by lengthy negotiations.

TFN.newsdesk@thomson.com

Goal,

Whats the game do you think?

It's looking like Polo Resources Ltd want to make an offer on the company, in my mind that says a lot about Caledon Resources potential.

Wow - it's my lucky day - another one that keeps on climbing!

looks like it but profit taking must take hold soon!

Transco15 you've got to do what you feel comfortable with, I'm looking at the bigger picture and I am going to hold and may add if & when.

No point in selling for me - capital gains tax big style!!

Bought these in the 40ps so had a few more off the top.

Now down to 68% of my initial holding. May sell a few more aswell.

Goal, Well I am out @ 1.51.
Wall St in meltdown mode - i feel a major crash is on the cards - cash will be king!!

gov stated tonight of 2 more years of pain!!

energy minister said its not up to gov to subsidise people in terms of energy!! lol, i thought it was a sociakist gov....ach, i really know what they r.
energy bills to rocket 40% by crimbo.....ouch

your salary to increase that much....no....not even 4%!!!!

labour government.....get to f??k

sorry, just had to get that off my chest

working late eh?

Time to bail out of everything cash will be king!!

dropping like a stone!!

down down down!!!!!!!!!!

Interesting.............. Polo now have 25%
notice on ausi stock exchange site!!

Could be a good buy again before too long here.

Must be a dead cat bounce in my opinion!!!
Back lower and back to 30p before long imho.

shut up you *****

for reference: http://www.advfn.com/cmn/fbb/thread.php3?id=16377643

Think you have got the wrong word lamanga - they are useful !!!!!!!

Lamanga,

Please refrain from using abusive language - your post has been edited.

Ian

Sorry Ian

This idiot, transco, is all over the internet posting baseless drivel about CDN. He is trying his absolute hardest to talk it down. This is because he has a financial interest in so doing. Check out what he said yesterday on ADVFN. And he finally admitted to having a short position. His activity is not just borderline illegal, it is firmly on the wrong side of the law.

By the way, I urge you to NOT edit his posts. By his own hand has he provided evidence of his wrongdoing. I only hope he resides in the UK where the long arm of the law can find him.

By 00:20 today, I had finished off my 2nd bottle of wine and was feeling rather, well, emotional.

go get him lamanga

i bet shorters are.....short people too.....probably got bullied at school and have a chip on their shoulder....all they can do is destroy things like the nazis

apologises to any nazis who may be offended by comparison to a shorter, lol

Sept 23 (Reuters) - Sept 23 (Reuters) - British coal miner Caledon Resources
Plc on Tuesday said Polo Resources Ltd upped its stake in the company to about
55 million shares, or 26.3 percent, from about 54 million shares.
Australian coal investment company Polo has been gradually raising its
interest in Caledon since March, when it bought 11 million shares, or a stake of
over 6 percent.
cyril

Well the case for Coking Coal imo is overwhelming, so i've bought back in today.
cyril

New York (Platts)--13th Oct2008

A major US producer has settled the majority of 2009 metallurgical coal
contracts with buyers of domestic steel makers at average prices above the
2008 benchmark of $300/metric ton for Australian hard coal.

Low-volatile premium coal settled around $300/short ton FOB mine, which is a
FOB port equivalent of about $380/mt, including transportation charges
estimated at $40/st, confirmed US mining executives.

Premium high-vol coking coal of 30-32 volatile matter was settled at
$260-$265/st while generic high-vol material with VM of more than 34 was
priced at $200-$220/st, said one source.

The contraction in economic output is expected to reduce steel demand, a
source at a major coking coal producer said last week.

The difference in prices between premium low-vol material and generic lower
quality high-vol coal is widening as increased coking coal production has led
to some coking coal companies accepting poorer quality materials and supply of
low-vol coal remains constrained, a mining executive said.

"The extra high-vol to meet demand has been the poorer quality," he said.
"We're expecting the differential between higher- and poor-quality coal to
widen."

About 75% of his company's domestic sales volume for 2009 has been contracted
already, with some tonnage priced based on multi-year contracts.

Buyers agreeing to higher prices

"It's probably too early to predict where those ranges will end up on the
seaborne side in 2009 since many buyers don't have contracts expiring until
the end of the first quarter of 2009," said one US met coal veteran. "However,
the strong signal coming out of the US is that prices for Appalachian-quality
hard coking coals are holding up very well.

"The vast majority [of buyers] are committing; some are holding back in
anticipation of economic events leading to lower prices," the US executive
said. "From now to the end of the year, domestic customers are still
scrambling for spot coal."

The prices miners have received come in the face of recent large declines in
steel prices for products and spot iron ore that some market sources say may
end up infecting the coking coal market and lead to lower term prices for
contracts starting in April 2009, under which the bulk of output is sold.

Last week, two commodity analysts cut forecasts for average coking coal prices
in 2009 and 2010 following upheaval in the global financial markets, a
stronger US dollar and weaker commodities demand from China. They predicted
the average yearly price for premium hard coking coal at $230-$250/mt FOB for
2009 and $190/mt FOB in 2010, down from $300-$305/mt forecast for 2008.

US miners at the end of 2007 settled coking coal term contracts for the 2008
calendar year with domestic customers at around $110/mt FOB mine before global
supply tightness led spot prices to surge.

Australia-based BHP Billiton-Mitsubishi Alliance, the largest seaborne coking
coal exporter, settled term contract prices for the Japanese fiscal year
starting April 1 at around $300/mt, with most other producers getting similar
prices, even though Xstrata held out and achieved a higher average price of
$362/mt for its term contracts.
cyril

Topped up this am. 14.9p seems silly?
aimho
cyril

Although not intending to add, i still feel this is well undervalued at 19p?
cyril

Just a moment ago the stockwatch showd 20p/20p 0% spread, it is now 22/21.75p, up 41%. No idea why this sudden rise which even today is spectacular,
perhaps Polo are topping up?
cyril

Polo Resources has a bright future and is way under-valued.

Yes i agree that polo are worth looking at now, its been worked out that the
value is worth over 4p alone for their holdings in CDN and GCM. Of course with the Mongolian assets which we are led to believe will show profit this quarter, couple that with cash inhand makes it undervalued.
Back to CDN and todays rise, trading around 28p is stunning and just goes to show that its possible to pick up some real bargains at present.
cyril

Yes i agree that polo are worth looking at now, its been worked out that the
value is worth over 4p alone for their holdings in CDN and GCM + cash. Of course with the Mongolian assets which we are led to believe will show profit this quarter, makes it well undervalued.
Back to CDN and todays rise, trading around 28p is stunning and just goes to show that its possible to pick up some real bargains at present.
cyril

Holders should enjoy this well researched article by Wendy Durham;

Click HERE

boiler room shut down boys?

transco are you suggesting CDN and POLO run by a boiler room?

Operational Update and Closure of London Office


2008 sales forecast 460,000t

2009 sales guidance revised down due to market outlook

London office to be closed and functions transferred to Brisbane office

In an analyst presentation posted on the Caledon website on 18 November 2008 the Company forecast saleable production of 500kt for 2008 and 900kt for 2009.

Due to production constraints the Company's revised sales forecast for 2008 is now 460kt.

In addition, due to the very significant deterioration in the market outlook for coking coal over the past month, the Company is now revising its 2009 production target downwards. In this regard the Company now believes it is prudent to forecast a minimum of 400kt of saleable production for 2009, with greater sales possible if market conditions improve. The Company's immediate focus is on cost reduction and cash conservation.

In line with this focus, the Board has decided to transfer the functions currently performed within the Company's London office to existing finance staff in Brisbane and terminate the lease on its Hudson House offices. This decision will result in the redundancy of three staff in London.

cyril

Not suggesting anything pal.
Look at whats happened - what do you think.
Was this ever ever worth more than 30p?

RNS possible bid coming?

An update on that bid, of sorts? In their latest RNS.
cyril

Further to the Press Release of 19 January 2009 regarding a possible offer, the Company has engaged RBC Capital Markets to conduct a strategic review which will include soliciting further interest in the Company and its assets (the 'Process'). Prior to commencement of the Process the Company had discussions with several parties, one of which provided the Company with a non-binding, conditional written indication of interest at a level significantly in excess of the current market price. The Process is in its early stages and RBC has recently made formal contact with several potentially interested parties. There is no certainty as to the terms and structure of any such transaction nor that an offer will be made for the company as a result of the Process. Shareholders are advised to take no action at this time. Any further announcement will be made as appropriate.

Also from results;

Highlights

First ever profit from operations - A$26.8m in 2H08, with full year net profit A$8.2m

Basic earnings per share of 4.3 cents (2007: loss per share 23 cents)

Strong financial footing: year-end cash on hand A$44.2m

Outstanding convertible notes down from 27.5m to 18m

Final payment made on Minyango


Summary of results

Year ended

31.12.08

A$ million
Year ended

31.12.07

A$ million

Revenue


121.9
15.2

Cost of coal sales


(82.5)
(37.8)

Gross profit\(loss) (see note 1)


39.4
(22.6)

Net profit\(loss) for the year


8.2
(34.5)

Basic EPS - cents


4.3
(23.0)

Cash at bank


44.2
24.0

cyril

Over 1m bought so far,it seems the news has sparked off real interest, certainly
in my case as i bought back this am and i'm already in profit.
cyril

From a FT article published 11th march,
Caledon Resources added 4.4 per cent to 18p on talk one of its big shareholders might sell its stake to a Chinese bidder.

So the Chinese are sniffing around?

cyril

As you can see copied from another board,it was my intention to highlight the late rise in the SP, but this covers the point.


This from LSE site, will be adding Monday especially as the buggers put this in auction for the last 13 mins of trading on Friday.

"Shares in Caledon Resources (LSE:CDN) hit a rich seam closing at 26p as talk of a 125 million bid did the rounds. The shares which have fallen from a high of over 150p were well traded throughout the day on persistant chatter that major shareholder Polo Resources (LSE:PRL) was at last ready to make an offer in the region of for the rest of the shares it does not own." This from last month also backs up the above but I don't think it will be PRL, my money is on Peabodys of the U.S who have openly declared they want to expand into Australia to start serving the Chinese coal market. Time to pile in Monday I do believe.


With a M/Cap of 55m,this is roughly 2.5 times the present SP. It should be remembered that it is in BID notification at present.

cyril

Flying this am 30/31.25p.

cyril

hit 35p/36p at 1 point today

Articles in both the Times and The Mail on bid rumours between an Indian Steel Co.
and a USA Finance Co.. Believed to 50/60p range?
cyril

Bidding war is what is being rumoured and prices of 1 being banded about as the bid.
Love to think this is the case but will sit back and watch.

Another positive day so far?
cyri;

Slow and steady that will do for me

yes, slow and steady.....more than doubled price in a week, lol.

heres to next week......80p by then, haha

TTT

cant believe no comment on this cracking share.

no way 80p in future now........nearer 2 quid in near future i predict....dyor

8 December 2009

Caledon Resources plc (AIM: CDN, ASX: CCD)

('Caledon' or 'the Company')

Focus on Growing Cook Production and Developing the Minyango Project and Discontinuation of Sale Process

The Board of Caledon announces that following an extended strategic review and solicitation of interest in the Company it has decided that it will no longer actively pursue the sale of the Company. Given the positive outlook for coal and the opportunities at hand, Caledon will remain one of the few independent coal producers in the Bowen Basin and focus on growing the production at its Cook mine and developing the Minyango Project.

Consequently the Company is no longer in an Offer Period pursuant to the City Code on Takeovers and Mergers.

cyril

December 09, 2009

Caledon Resources Tires Of Waiting For A Bid And Gets Back To Business


By Charles Wyatt



When we last wrote about AIM and ASX-listed Caledon Resources, the managing director, Mark Trevan, was virtually in purdah as earlier in the year the company had asked RBC Capital Markets to find a buyer. The company in the frame was the Essar Group of India, though this was never confirmed officially. But either way, its due diligence went on and on, while junior mining companies were showing strong recovery and the price of coking coal was rising. Meanwhile, Mark could say very little about the bid with the compliance man from RBC breathing over his shoulder, but there was a sense that he could now see a very positive future for the company and hoped the bidder would go away. The title of the piece we ran while all that was going on was: Caledon Resources Awaits A Bidder, But May Still Retain Its Independence As Coal Markets Improve.
Well, we got it right. Caledon has just announced that it is no longer up for sale and that it has taken the opportunity offered by the whole offer period to carry out an extended strategic review. This review has convinced the company that it can do better on its own, as one of the few independent coal producers in the Bowen Basin. Quite soon investors will start to appreciate that this is a very strong position to be in, as the shares, which rose at one time to 70p, on the likelihood of a bid, are now back to 42p. Investors get bored if a deal does not materialise quite quickly in such circumstances, so the fall in the share price is understandable, but now they should start to think again.

Mark Trevan is convinced of the positive outlook for coking coal and he can now concentrate on taking advantage of the improved conditions. Theres not much he does not know about coal, as he spent 25 years on coal marketing, corporate strategy, and project feasibility with Rio Tinto, and he was also general manager of its Queenland coal subsidiary at one time, before he joined Caledon. Rio Tintos Kestrel and Clermont mines are not too far from the Caledons Cook mine, which the company acquired as a mothballed project in 2006 and which Mark has since brought back into production. The current resources at Cook amount to 126 million tonnes in the measured and indicated JORC categories, so it has plenty of life ahead of it.

It was bad luck that Caledon was hit so heavily by the financial shambles of 2008, as the price of coking coal fell heavily and the company had to react by cutting back on its operations. However in the recent September quarterly report it was clear that Mark Trevan has not been sitting on his hands as he announced that primary mining activities were on schedule to relocate and to commence production at the new Argo pit bottom area of the Cook mine by January. This area presents a newer and more accessible section of the southern extension.

The good news is that the tonnage of saleable coal should increase to 700,000 tonnes next year, and the company is investigating options for further increases in the years ahead. To put these increases into perspective George Salamis, the director responsible for the acquisition of Cook, reckoned a target of 1.5 million tonnes was a possibility within two years. The strength of the Aussie dollar against the US dollar is a slight fly in the ointment, as there has been a 22 per cent reduction in revenue/tonne and the outcome is a likely loss of up to A$12.7 million for 2009. The pain is mitigated by the fact that the company still had A$28.8 million in the kitty at the end of June.

As Mark Trevan points out, however, Caledon sells its coal on a contract basis and this contract is due for renewal next April. There is little doubt that there will be an increase in price which will more than compensate for the strong Aussie dollar. Cash flow will benefit and this will mean that more work can be undertaken at the Minyango exploration concessions which are close the Cook mine and were acquired at around the same time. There is not huge time pressure to move into development and production as the company will anyway wait for construction of the proposed new coal loading terminal at the port of Gladstone, forecast for 2013. Caledon is a foundation shareholder of the Wiggins Island Coal Project Terminal so Mark will be well appraised of progress. Even so, Minyango is moving steadily towards feasibility, as a concept study carried out last year proved positive and the first stage of field work for the base line ecological study required as part of the environmental permitting process has been completed.

The Bowen Basin in Queensland is host to the largest coal reserves in Australia and the coal companies operating there produce around 100 million tonnes of coking and thermal coal. In fact the region accounts for just under half the global seaborne traded market in coal. Caledon is therefore in the right place even if it is a bit of a minnow at present. It is now up to Mark Trevan to make it into a bigger fish -and there are few men better qualified to do so.

http://www.minesite.com/nc/minews/singlenews/article/caledon-resources-tires-of-waiting-for-a-bid-and-gets-back-to-business/1.html

Extract from Bloomberg article this morning concerning the BLT coking coal deal announced @ $200/T, above expectations, broker note from Arbuthnot:
"In the junior sector in London, the two companies with direct exposure to the pacific (or Asian) seaborne market for hard coking coal are Western Coal Corp and Caledon Resources. If this agreed prices becomes the benchmark, we expect both Western and Caledon will see an annualised earnings boost of c. 140% on EBITDA and 170% on EPS. If higher contract prices are established over the long term, a 100% increase in the NPV valuations."
"BUY WTN and CDN
On this news we re-iterate our Buy recommendations for these two coking coal producers, expecting them to perform well as further positive news-flow on prices is announced. On Western Coal Corp (WTN) we have a buy recommendation, and upgrade our target price to 300p. For Caledon Resources (CDN), we re-iterate our Strong Buy recommendation and 80p target price. "

Y/E results out today. Sp up 5% so far.
Also M/A activity in the sector.
Broker note from Arbuthnot:"Caledon Resources Macarthur Coal News on the back of the Macarthur Coal News we also re-iterate our strong buy and 80p TP on Caledon."

60p next stop soon, hopefully. Chart looking good.

Getting a bit stretched, but 68p next stop???

Possible Merger of Polo Resources Limited and Caledon Resources plc

Summary

The Boards of Polo and Caledon have reached an in principle understanding regarding a potential combination of the two companies

If it proceeds, Polo will make an all share offer for the entire issued and to be issued share capital of Caledon at an exchange ratio of 11.4 Polo Shares for every Caledon Share

The Possible Offer is subject to the waivable pre-conditions set out below and is expected to be effected by way of a scheme of arrangement by Caledon

If it proceeds, the merger would create a coal-focused natural resources company with investments in geographically diverse exploration and development projects and direct exposure to current high coking coal prices through the producing Cook mine

Under the terms of the Possible Offer and subject to a number of pre-conditions, Polo would be prepared to make an all share offer for the entire issued and to be issued share capital of Caledon at an exchange ratio of 11.4 Polo Shares for every Caledon Share. Based on the exchange ratio and the closing price of Polo Shares on AIM of 5.40 pence on 26 April 2010, the implied offer price for each Caledon Share would be 61.56 pence. This represents a premium of 14.53 per cent to the closing price of Caledon Shares on AIM on 26 April 2010 and 12.77 per cent to the volume weighted average price of Caledon Shares on AIM for the 20-trading day period ending on 26 April 2010."

am i right in my maths?
1 x CDN @53.25p divided by 11.4 will give me a price for 1 POL share[=4.67p]
if i held 1 x CDN then i would 'hold' 11.4 x POL[assuming merger takes place] and in effect I would have 'paid' 4.67 each share which at market value [currently 5p] would mean I could make .33p per share profit[less costs].

I ask because i hold POL and wondering if better to top up with CDN and hope the POL/CDN merger goes ahead [technically a gamble rather than an investment]or just buy POL striaghtout .
I am holding POL because of their % holding in EXT/KAH rather than their coal prospects, however a POL/CDN merger would derisk the coal side of things a little and may tempt me to top a little.

Anyone care to comment
Alex

fine as long as POL sp does not fall.

Why not just try & sell CDN at 59/60p & then you have the cash to do what you want. If the merger doesn't go ahead, topping up on either will be a loss making situation in the short term.

From last week's Shares Mag:
"The Australian coal producer is in merger talks with mining investor Polo Resources (POL:AIM). Investors should keep buying Caledon (CDN:AIM), first flagged at 33p (Shares 17 Dec '09) after talks understood to be with Indian energy groups collapsed, as we believe the combined entity looks attractive. The deal, unveiled on Tuesday (27 Apr), would solve a financing issue where Caledon has 18 million of convertible loans expiring on 5 July. Polo says it will pay 11.4 of its shares for each Caledon share, valuing the latter at 61.56p. London and Toronto-listed Polo could sell investments to support coal activities, including a 9.3% stake in uranium group Extract Resources, worth A$166 million at the time of writing. This would help with the A$400 million development costs for Caledon's Minyango project. A merger would add coal interests in Mongolia to the group with significant upside potential. Should the merger not be completed by 5 July or scrapped, Polo has still agreed to lend Caledon the money to cover the loan notes. (DC)"

RNS offer talks off sp sliding.

StockMarketWire.com
"Caledon Resources has jointly agreed with Polo Resources to terminate merger discussions announced on 27 April.

Caledon said due to recent market volatility, the parties had been unable to reach mutually agreeable terms for any such merger.

Caledon said it had raised 3.3m through the private placement of 11 million new shares with Polo.

The proceeds will be used to provide additional working capital."

StockMarketWire.com
"Caledon Resources placing raises 2.13m"

pile in these tomorrow if you get chance, looks very much like a bid leaked late friday. Check out the volume and sudden move on fridays chart. Some say minimum 50p.

Any more info on bid rumour????

Harry are you having a laugh!!
The market makers are trying to make fools out of small punters like you.
There cannot be a bid cos Dattles would block and move and anyway who would want it. Production figures have always disapointed and the new super tax of coal profits and negative too.
Leave well alone until they go back to sub 15p which could come in weeks!! imho

Just as note of caution with CDN, it looks like it is going to be removed from the list of ISA stocks. If that happens, your broker will remove your holding from your ISA account and put it into your dealing account, with the result that any profit becomes taxable and also that amount of your annual allowance for an ISA account is lost.

"The Directors of Caledon note the recent increase in the Company's share price. Since the termination of discussions with Polo Resources Limited on 24 June 2010 the Board has received a number of unsolicited and indicative enquiries from third parties in respect of possible alternative transactions, one of which relates to an indicative offer for the Company. These enquiries are at a very early stage and there is no certainty that an offer for the Company will be forthcoming."

spot on, well leaked. Vol gave it away for one.Try CAD now that another cert.

Well done berty. Good call.

Caledon Resources rejects offer at 68p/share.
http://uk.reuters.com/article/idUKLDE66M1JR20100723

"On 15 July 2010, the Company announced that it had received a number of unsolicited and indicative enquiries from third parties in respect of possible alternative transactions to that terminated with Polo Resources Limited on 24 June 2010. One of these enquiries related to an indicative offer for the Company at 68 pence per share.

As stated at that time, the enquiries were at a very early stage with no certainty that an offer for the Company would be forthcoming and Caledon has since been advised that the indicative offer has been withdrawn. Accordingly, Caledon is no longer in an offer period pursuant to the Takeover Code."

"Caledon notes the recent rise in the Company's share price. Following the announcement on 16 August 2010 confirming the end of the last Offer Period, the Company has received a further indicative approach and confirms it is in preliminary discussions which may or may not lead to an offer for the issued and to be issued share capital of Caledon.

There is no certainty that an offer will be forthcoming.

Shareholders are advised to take no action at this time. Any further announcement will be made as appropriate."

StockMarketWire.com
Australian coking coal producer Caledon Resources said raw coal production and saleable product yield rose progressively during the quarter to end-September.

The degree to which the increase in coking coal production exceeded the increase in ROM production reflects an improvement of 4% in recovery and 2% in the product split between coking and thermal coal.

The negative variance in thermal coal sales for the quarter versus the same period in 2009 was a result of sales from stocks in the 2009 quarter.

On 31st August 2010 the Company announced that it was targeting a minimum production rate of 700kt of saleable coal per annum (ie. greater than 58kt saleable per month) from September and this was achieved in September. Given that the balance in production between primary and secondary extraction has now been re-established this is seen as a sustainable minimum production rate going forward.

Management has decided to implement a significant upgrade to coal haulage and power infrastructure over the Christmas period in order to improve reliability and achieve consistent production performance. This will require cessation of mining operations for two weeks and as a result the 58kt per month rate will not be sustained for December and the coal sales target for 2010 is now in the range 550kt to 570kt.

Further to the announcement of 17th September 2010 the Company confirms that it remains in discussions regarding an indicative approach which may or may not lead to an offer for the issued and to be issued share capital of Caledon. Any further announcement will be made as appropriate.

Broker note from Collins Stewart:
"Caledon has announced that an in-principle agreement has been reached with Guangdong Rising Asset Management (GRAM) for the acquisition of Caledon in an all-cash offer at 112p. The acquisition is to be through Bidco, a wholly owned subsidiary of GRAM, which itself is stated to be one of the largest state-owned enterprises in China supervised by the Assets Supervision and Administration Commission of Guangdong Provincial Peoples Government. The offer vales the entire share capital of Caledon at 252m, representing a premium of 34% to Fridays close and a 53% premium to the 20 day VWAP. The Caledon Directors are stated to be supportive of the Possible Acquisition

The pre-conditions for the GRAM to progress to a firm offer under Rule 2.5 of the city code are (1) for the board to unanimously recommend the offer, (2) the receipt of all regulatory approvals in China (including project approval for the outbound investment from a number of state departments) and the finalisation of the financing terms. GRAM expects to be in a position to satisfy or waive these pre-conditions no later than the 31 December 2010. This is obviously very positive and long awaited news for Caledon.

While not yet a firm offer, we expect the share price will move by 25-30% to within 5% of the proposed cash offer at 112p, although we expect some investors will be cautious given the outcome of the last proposed cash offer (with Polo). The potential acquisition by GRAM may provide good relief for some long suffering supportive shareholders of the group while the price endorses our long held belief in the value of the companys resources and recent infrastructure win."

Further Re: Possible Acquisition of Caledon by Guangdong Rising (Australia) Pty Ltd
Further to the announcement of 8 November 2010 where the Company advised that it had reached an in principle agreement with Guangdong Rising Assets Management Co., Ltd (GRAM) on the terms of a possible acquisition of Caledon by Guangdong Rising (Australia) Pty Ltd, a wholly owned subsidiary of GRAM, Caledon confirms that that it had received advice from GRAM at that time that GRAM had:

completed due diligence; and

received advice from the Australian Government's Foreign Investment Review Board that it had no objections to the potential transaction.

Just taken a position in these,with todays news of increase of 256% in Minyango's resources,it should help cement the bid? With a premium of 34% tothea SP of 83.75p
giving a price of 112.2p,something like 10% expected to be completed by 31st Dec,then
a reasonable ganble and less than 3 weeks to go?
cyril