drbubb Posted April 2, 2006 Report Share Posted April 2, 2006 COMPANY== Symbol : Paid- : NAV , 12moRange ShsOS MarketCap Caledon Res. (CDN.L): 3.65p : 1.68p , 2.75 - 5.25, 332.21 Pd12.1mn Weekly Chart ... update: weekly-3yrs : daily-6mos : compare-w/ DYG & JIN "Caledon's mission is to become the investment vehicle of choice for investors focussed on the Chinese resource sector. Caledon has assembled a multi-talented, technically oriented management team. All team members have over 20 years experience in evaluating hundreds of Asian gold and base metal deposits and are experienced in all facets of mining exploration: from grassroots level and advanced feasibility level exploration to mergers and acqusitions Advanced stage gold exploration focussed on under-explored, small scale producing gold mines in China - Exploration active on four advanced stage gold projects: Mojiang, Hengxian, Gaolong, and Badu Strong balance sheet: Caledon currently has in excess of GBP 7 million allocated towards exploration and project acqusitions." - says CDN's website. Comment: Almost three years ago, in 2004 Caledon had a great run from 1p to 17p+, as CDN was promoted heavily as a "China gold play." But like many AIM-listed mining companies, when the promotion is done, the stock fell back to earth. CDN fell hard, all the way down to 2.75p in early November. But since then, the stock has been on the mend. And it looks like a new base has been formed for a move higher. CND has some things going for it now: + Pds.7mn in cash, which is over half of its MarketCap. + 3-4 decent projects in China, + Years of experience in a country which is making it easier for foreigners to do business, and where there is still great untapped potential, + A changed management, which is more interested in building value, than the previous one, that was more focussed on promotion, + A track record of having proven its ability to spot value in China. They bought a stake in Canadian listed, Dynasty Gold (v.DYG), a company with some good projects in China, which has subsequently attracted attention by signing JVs with larger mining companies China gold plays are coming back into favor. See: comparisons with : DYGvs.CDN and JINvs.CDN . withouit any science to back it up, I value CDN's china projects at pds.5mn, and its cash and other assets at pds.7mn. So at the current market cap, you are getting Caledon's China expertise for free, when rising gold prices are bring a new appreciation for mining opportunities in the world's most populous country. (Note: I have invested in both DYG and JIN, and I am up over 150% on those investments. I have started to take some profits on those two, and roll it into cheaper China gold plays like: v.ICI and CDN.L) = = = = = LINKS: Corporate website : http://www.caledonresources.com/ Advfn thread/ CDN: http://www.advfn.com/cmn/fbb/thread.php3?id=10754157 Link to comment Share on other sites More sharing options...
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