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

LOL.:-)

Excuse me but Caledon does not pay a dividend and never has.
The value of the company is based on mythical figures that have yet to be realised.
I dont see the directors buying in!! I would have thought that a 50% potential gain would interest them? [[

Many companies do not pay a dividend. Thats not an answer.

There are only very limited times during a year that directors are allowed to buy shares, and certainly ahead of major news is not one time.

They have already sold coal in Sept.....how many tonnes was it ? Its in the RNS.

And what value was that at spot rates for coking coal ? Any idea ?

Taken the expected monthly production in 2008, what do you think of the expected revenues ?

transco, this is old news but this might answer some of your accusation's. The Board of Caledon (AIM:CDN) announces that, on 23 March 2007, it was notified
of the following transaction by Directors in the Company's ordinary shares of
0.5p each.

Glenda Trevan, wife of Mark Trevan, purchased 60,000 ordinary shares at a price
of 35p each (representing 0.04 per cent. of the issued share capital) and now
holds 60,000 ordinary shares. Following this purchase, Mark Trevan and persons
connected to him are interested in 60,000 ordinary shares, representing 0.04 per
cent. of the issued share capital of the Company.

Thanks Goal,

But by any standards these are very very small numbers to be almost insignificant.
Most bullish director deals are in the 100s of thousands.

Last friday it was 35,25p now 42p, thats almost 20% in a week, nice.
cyril

Yep, lovely rises of late, and plenty more to come in the months ahead, imo.

The selling should start soon........ if I am correct!!

Lots more buying coming in and moving up after a small shake.

Resistance at 39p and 42p.......if we can break up through 45p bid price then its blue sky.

Given the rise of late, its doing well to keep going.

LOL, you were not correct. Don't you think its a bit silly to pick a share thats given over a 20% rise in a short term, and then say there is going to be selling ? Of course there will be, its normal for profit taking to cut in, however, what we have seen so far, the rise is sustaining itself.

A good consolidation period of selling after a good rise is also healthy, it marks the base for another move up again in the future.


transco - 19 Oct 2007 12:53 - 69 of 70
The selling should start soon........ if I am correct!!

The day is not done yet Papal!
Dont call me silly I respect your comments. Please respect mine.
I will give you credit if I am wrong.

transco, not calling you silly, hence it was a question as such, "dont you think its a bit silly".

Up again.......if we can stay blue on a Friday (where profit taking normally happens) it will be a good sign imv.

Up again, now 43/45.......and up over 10% just today.

Papal.

OK Pal I give in - you are correct and I have been silly to ever dispute your view.
There is clearly big buying pressure mounting and it all blue sky from here.

To be honest I purchased a small number before the change of name (gold in china).
and the consolidation (hence me being sceptical) - they owe me quite a sum so I hope they keep rising.

A great pick even so.......

Over 1m MM buys in the last hour, so yes, sure is some big background buying pressure presently.

If we get news next week on the ABM25 cutting coal ok, then it should add to the interest in CDN.

Could be an exciting few weeks ahead......and then again, it might not, thats the markets....

Oh dear I'm afraid the wall st effect will take place on Monday and wipe out all the gains of this week.

Typical!!!!!!!!!!!!

Just to confirm the presentations and the message was well received last week. It would be great to now follow this up with news this coming week, or next, that the new ABM25 is cutting coal and commissioning has gone well.


From Fridays Guardian :

http://business.guardian.co.uk/story/0,,2194469,00.html

...........Lower down the market, Australian coal miner Caledon Resources added 1.25p to 39.75p as the company did a round of well-received City presentations this week. New equipment is due to come onstream within the next few days, which should see the mine producing 100,000 tonnes of coal a month..............

After a successful road show, CDN have now 15m (conditional) to see through
its plans for the ABM25 and Minyango projects. Augers well for the future?

http://www.investegate.co.uk/Article.aspx?id=200710220807490923G
cyril

Positive reaction this morning, up now, 44.4p to buy.
cyril

The push north looks to be running out of steam for now!!