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

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.