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

True, but i felt with the excellent research this was much derisked. LDP looks
likely to break out in the v/near future, and CBM is another coal stock which is
seriously undervalued.
aimo
cyril

Morning all, good start again (business as usual).

not so good now though

Yes, we have lost yesterdays gains, it's a bad day all around, most of my shares are down.

Strong finish.

for goodness sake .... nothing goes up in a straight line!

Polo Resources have increased their stake to 21% and sp is taking off again.

u could be wrong again cynic.

there is no need to be jealous of other people successes......well done toya and all who have this. i wish i hAD them a few months ago

Pretty darn good run :)

Woaded One - you really are a third rate tosser! ...... why on earth would i be jealous and what even makes you think i am in the first place .... perhaps think was the wrong word

Morning all, looking at the long term chart above a continuation pennant is forming ,imo.

cynic - happy to admit I'm jealous I didn't stay in - give it a go it takes the pressure off!

have more than enough minnows and minor stocks in my portfolio already

ah - but how many have risen from 40 to 140 in so few days?

CRA not done so badly, and in any case, do not hold CDN so would be buying at 140, which does not sound too bright in this horrid market AND it being Friday 13th!

Goal,

Im still in sorry!!

Good for you transco15, imo it should go much higher as I said on Friday, a continuation pennant is forming, I hope CDN give an up date soon. Coal trades at fresh record highs on globalCOAL
Thu 12 Jun 2008, 9:05 GMT

LONDON (Reuters) - Physical coal set new record high prices on Thursday on electronic trading platform globalCOAL.

Two trades for Q4 loading South African cargoes took place at $150.00 and $152.00 a tonne FOB Richards Bay for a 35,000 tonne parcel a month and a 75,000 tonne panamax a month.

The previous record price for a forward trade was on Wednesday at $145.00 a tonne FOB for a November cargo.

There is a strong contango in the FOB and delivered DES ARA markets, traders and utilities said. Most of the physical and swaps buying recently has been for forward months.

A fresh record was also set for a Q1 2009 trade for a 50,000 tonne parcel a month of multi-origin coal at $182.50 a tonne DES ARA. The previous record was also set earlier this week at $177.00 for September but the forward market had been offered up to $186.00 a tonne on Wednesday and bid at over $180.00 without trading.

Goal,
Hope you are right pal!! What Polo is playing at I dont know?
However, oil will stay high on demand and supply and coal will follow suite.
Can only be good for CDN!!! IMHO

Chaps,

Still rising without any major selling order.
they say Polo cant raise a full bid as the cant afford it so whats going on?

LONDON (Thomson Financial) - Coal miner Caledon Resources Plc. said coal-focused investment company Polo Resources Ltd. has lifted its stake in Caledon to 44.34 million shares, or 22.45 percent, from 43.26 million shares.

Polo has been raising its interest in Caledon since March, when it bought 11 million shares, or a stake of over 6 percent.

On June 12, Polo terminated its discussions with GCM Resources Plc. regarding its 175 pence a share possible cash offer for GCM.

Polo said the reason for the termination concerned the length of time it might take for the GCM board to agree to the offer, and it did not want its pursuit of other opportunities to be impacted by lengthy negotiations.

TFN.newsdesk@thomson.com