Have spoken with Donal Douglas, Dep Ch. on 1st Sept. re depressed share Price; he provided the following positive comments : (a) the Afcan EGM is on 8/9 when the previously announced deal will be finalized, with Caledon pocketing 16m $ Canadian; (b) Positive Drilling up-dates due on 8th/9th Sept; (c) Two small Inst shareholders who came in at 4.5p have been drip feed selling, so depressing the SP; (d) Douglas to begin shortly to support the sp, initially buy buying up the c. 3m shares still held by the small instns. plus "loose" shares in the market; (e) Douglas sees the current sp as the "bottom".

A good time to buy Caledon !!