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John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
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  • Caledonia Mining Appears To Be Close To A Breakout 4 comments
    Jan 19, 2013 11:03 AM | about stocks: CALVF

    Long suffering shareholders, including myself, are rejoicing as Caledonia Mining (CAL.T) finally appears close to breaking out of its trading range to the upside. I do not think it is any single news event but a confluence of recent events that is drawing attention to a great story. The continued great operating results, announcement of a dividend, and plans for expansion are the most likely candidates. I am also aware that management has been more vocal in communicating their success to investors. I am hesitant to say we are on our way but another week like last week and we could be on our way.

    (click to enlarge)

    Nice move on volume with room to run on MACD

    Disclosure: I am long OTCQX:CALVF.

    Stocks: CALVF
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  • Jon Springer
    , contributor
    Comments (4073) | Send Message
    Watching. Want it to succeed. Want to reboard the train. One of my favorite holdings I let go of... like editing my writing and deleting a favorite sentence that just doesn't quite ever work.
    19 Jan 2013, 11:12 AM Reply Like
  • John Polomny
    , contributor
    Comments (609) | Send Message
    Author’s reply » I think something is afoot as the shares have been under accumulation. It may be in anticipation of the upcoming dividend and the subsequent re-valuing that will bring. This is one of the cheapest stocks I follow. However it is in Zim and we know what that means, the Mugabe discount.
    19 Jan 2013, 11:17 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
    Yup... I think he's at the top of my very morbid and short list of people I'm waiting for to die. Still baffled at how he ran Zim into the ground with such ferocity.
    19 Jan 2013, 11:23 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
    Meanwhile, the government continues the same old shenanigans which at least make for amusing copy.


    Zimbabwe Is/Was Down to Its Last $217


    "There are cash-strapped governments and there are broke governments. And then there's Zimbabwe, which, after paying last week's government salaries, has just $217 left in the bank. No, we didn't forget any zeroes to the end of that figure. Zimbabwe, the country that's home to some of the world's largest platinum and diamond reserves, literally has the same financial standing as a 14-year-old girl after a really good birthday party."


    Full article:


    "However, he said that the following day some $30m of revenue had been paid in.


    Mr Biti told the BBC he made the revelation in order to emphasise that the government was unable to finance elections, not that it was insolvent."


    Full article:
    1 Feb 2013, 08:21 AM Reply Like
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