| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
buy (CDN)
acaldin - 26 Apr 2006 20:20
buy cdn now its at the start of a bull in china!
goldfinger
- 09 Jul 2007 22:46
- 49 of 59
Cheers goal, Ill give it another 24 hours just in case we have someone who doesnt like the idea.
The header at present is easily missed on the thread list.
The header at present is easily missed on the thread list.
goldfinger
- 12 Jul 2007 21:23
- 50 of 59
Ill do the change over tomorrow.
Moving up slowly but surely.
Moving up slowly but surely.
goldfinger
- 16 Jul 2007 02:57
- 51 of 59
latest note from Growth Equities & Research on CDN..........
"On 13th June, Caledon requested an EGM to approve the placing of 12.5 million unsecured convertible loan notes at 8.5%. The notes have an initial conversion price of 50p, representing a 20% premium to the share price and the company has the right to force conversion if the average share price exceeds 80p over a 20 day period (following the initial 18 months after the date of issue).
Caledon is raising the money to fund its working capital requirements. The company has, since its return to AIM, carried out a number of review processes. The mining arrangements have changed as the company intends to bring its operational mining activities inhouse which should provide Caledon with significant cost savings. However, in order to obtain the cost benefits, the company requires to invest in new machinery. Caledon has faced production delays as a result of a spontaneous combustion incident at the Cook mine. The effect was a longer and more costly build up to production than had been expected, setting time schedules back by 6 - 8 weeks.
The group's working capital position has also been eroded as a result of delays in delivery of and breakdown in essential equipment.
On 25th June, the company published its final results for the year to 31st December 2006. Losses for the year totaled 2 million while the company had cash of just over 11 million at the period end. At the Cook Mine, the overall strategy for the current year remains broadly intact. The company is confident that the proposed new mining methodology will deliver the productivity improvements originally projected. At Minyango, an upgrade in resource estimate from 205 million tonnes to a JORC compliant 240 million tonnes has given the board confidence to settle the second tranche of payment - A$9.6 million in shares. Infill drilling targetted at improving the JORC estimate is scheduled for the second half of 2007. A number of holes are also scheduled for the southern section of the main tenement, which to date has not been included in the resource calculations.
The shares so far, have not reflected the positive news from both projects in Australia. However, our valuation suggests that Cook alone is worth 71p, Minyango around 3.6p (though given the SRK upgrade, this figure is likely to be increased) and the group's Chinese assets another 3.4p. On that basis, at 40.5p, the shares are undervalued and ahead of a significant ramp up in production our stance remains buy"
"On 13th June, Caledon requested an EGM to approve the placing of 12.5 million unsecured convertible loan notes at 8.5%. The notes have an initial conversion price of 50p, representing a 20% premium to the share price and the company has the right to force conversion if the average share price exceeds 80p over a 20 day period (following the initial 18 months after the date of issue).
Caledon is raising the money to fund its working capital requirements. The company has, since its return to AIM, carried out a number of review processes. The mining arrangements have changed as the company intends to bring its operational mining activities inhouse which should provide Caledon with significant cost savings. However, in order to obtain the cost benefits, the company requires to invest in new machinery. Caledon has faced production delays as a result of a spontaneous combustion incident at the Cook mine. The effect was a longer and more costly build up to production than had been expected, setting time schedules back by 6 - 8 weeks.
The group's working capital position has also been eroded as a result of delays in delivery of and breakdown in essential equipment.
On 25th June, the company published its final results for the year to 31st December 2006. Losses for the year totaled 2 million while the company had cash of just over 11 million at the period end. At the Cook Mine, the overall strategy for the current year remains broadly intact. The company is confident that the proposed new mining methodology will deliver the productivity improvements originally projected. At Minyango, an upgrade in resource estimate from 205 million tonnes to a JORC compliant 240 million tonnes has given the board confidence to settle the second tranche of payment - A$9.6 million in shares. Infill drilling targetted at improving the JORC estimate is scheduled for the second half of 2007. A number of holes are also scheduled for the southern section of the main tenement, which to date has not been included in the resource calculations.
The shares so far, have not reflected the positive news from both projects in Australia. However, our valuation suggests that Cook alone is worth 71p, Minyango around 3.6p (though given the SRK upgrade, this figure is likely to be increased) and the group's Chinese assets another 3.4p. On that basis, at 40.5p, the shares are undervalued and ahead of a significant ramp up in production our stance remains buy"
goal
- 16 Jul 2007 09:57
- 52 of 59
It's only a matter of time before CDN reaches it's true value imo.
goldfinger
- 16 Jul 2007 11:03
- 53 of 59
Cant be far off Goal.
goldfinger
- 18 Jul 2007 16:09
- 54 of 59
Nice tick up this afternoon.
goal
- 18 Jul 2007 16:48
- 55 of 59
Yes, we like that.
goldfinger
- 31 Jul 2007 10:48
- 56 of 59
Caledon CEO Salamis to leave; Cook mine production 9,000 tonnes/wk by end-July
AFX
LONDON (Thomson Financial) - Caledon Resources PLC said chief executive George Salamis has decided to leave the company, adding that there is no immediate plan to replace him.
It also said production at the Cook Mine has increased to about 9,000 tonnes per week by end-July, and that the first coking coal shipment of 45,000 tonnes is scheduled to sail mid-August with the proceeds expected in the first half of September.
The company said it has signed a letter of to sell Blackwatch Resources BVI Ltd and Blackwatch Mining BVI Ltd to Indochina Minerals Limited for 250,000 aud.
Caledon added that it is working towards finding a suitable acquirer for the Mojiang project.
'A total exit from China will permit management to focus all of their attention on the production of coal in Queensland,' vice president-exploration, Paul Ingram said.
tf.TFN-Europe_newsdesk@thomson.com
jr/pmi/ajb
AFX
LONDON (Thomson Financial) - Caledon Resources PLC said chief executive George Salamis has decided to leave the company, adding that there is no immediate plan to replace him.
It also said production at the Cook Mine has increased to about 9,000 tonnes per week by end-July, and that the first coking coal shipment of 45,000 tonnes is scheduled to sail mid-August with the proceeds expected in the first half of September.
The company said it has signed a letter of to sell Blackwatch Resources BVI Ltd and Blackwatch Mining BVI Ltd to Indochina Minerals Limited for 250,000 aud.
Caledon added that it is working towards finding a suitable acquirer for the Mojiang project.
'A total exit from China will permit management to focus all of their attention on the production of coal in Queensland,' vice president-exploration, Paul Ingram said.
tf.TFN-Europe_newsdesk@thomson.com
jr/pmi/ajb
niceonecyril - 25 Sep 2007 09:29 - 58 of 59
Outstanding RNS today, GET IN WHILE THEIRS TIME.
cyril
cyril
PapalPower
- 27 Sep 2007 09:16
- 59 of 59
Nice new thread at the link below :
http://www.moneyam.com/InvestorsRoom/posts.php?tid=12047#lastread
http://www.moneyam.com/InvestorsRoom/posts.php?tid=12047#lastread
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter