Bobsa very well put... i think the share price may be fully valued if you just consider the current producing asset, but if you add the potential of minyango to add a second producing asset the SP could move much higher...
I am really interested in what Polo are trying to do at the moment... it does not appear they have the funding to do a reverse takeover of caledon, so why are they continually increasing their stake? They are getting close to 29.9% threshold where they will have to declare a formal bid... surely the direcors of Polo must know something about Caledon's potential that we dont...
CCD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held