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

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