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

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!!

Transco your post sounds desperate?
Demand from China, Japan, India and Europe is pushing up prices, and has been discribed as staggering by Macquaries Bank chief commidity analyst Jim Lennon and expects a 10% increase in the price of coal.
Soft coking coal from Australia to India is bringing US$200 a tonne that is $40 more over the last couple of weeks and more than double the contract price.Plenty of scope for a further push northwards imo?
cyril

Caledon - Small player - lots of better alternatives with bigger reserves and lower costs.

transco, fair enough if thats how you feel, then spend your energy elsewhere.
cyril

If I can help prevent punters going into this stock it will be worthwhile.
AIM stocks are so unpredictable and open to scams one must take care.
This one still looks like a pump and dump to me!!