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.

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Caledon Resources PLC Interview With:
Mark Trevan Managing Director

Dated September 20, 2007

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

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