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

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