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

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.