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John Polomny
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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 Reports First Quarter Production 2 comments
    Apr 11, 2013 2:13 PM | about stocks: CALVF

    First quarter production at Blanket Mine:

    Caledonia Mining Corporation ("Caledonia") (CAL.TO)(CALVF)(CMCL.L) is pleased to announce gold production from the Blanket Mine in Zimbabwe ("Blanket") during the first quarter ending March 31, 2013 (the "Quarter").

    10,463oz of gold were produced during the Quarter, a 14% increase on gold production in Q1 2012 (9,155oz).

    Gold production for the Quarter is subject to minor revisions following the receipt of final assays for the last two deliveries to Rand Refineries.

    Commenting on the Q1 2013 production, Caledonia's President and Chief Executive Officer, Stefan Hayden said: "Gold production reported in Q1 reflects production up to cut-off for the Quarter, which was on 26th March due to the early incidence of Easter and therefore reflects only 84 working days. The daily rate of production achieved in the Quarter was slightly ahead of target."

    Disclosure: I am long OTCQX:CALVF.

    Stocks: CALVF
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Comments (2)
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  • FIFOkid
    , contributor
    Comments (168) | Send Message
     
    I added to my position today.

     

    I feel the carnage in gold today coupled with MZM rising approximately 100 billion this week (whereas the QE trend has been negative YTD and I believe is the main reason for this extreme negative pressure on commodities) and the stinky spreads from the reverse split shares is providing a great opportunity to buy here at worst for a counter trend rally. You also get to capture the dividend.
    12 Apr 2013, 04:01 PM Reply Like
  • John Polomny
    , contributor
    Comments (494) | Send Message
     
    Author’s reply » It will interesting to see how many of the "perma bulls" on gold throw in the towel on this 5% drop today. I bought more bullion today and I will be looking to buy more Caledonia. I am also looking at DRD.
    12 Apr 2013, 04:33 PM Reply Like
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