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Sorry, the above is inaccurate. Perpetual quickly issued a correction. They are not substantial holders.
CCD - Caledon Resources
- Thread starter mrgroundwork
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- caledon resources ccd
I think I have just figured it all out.
Dattells and Alford aren't enermies, they have been colluding and coming up with this idea since back in the old Caledon days.
He goes out raises millions at 13p to buy 'GCM' ends up buying ****loads of CDN instead, massively inflating the price yet still keeping back millions in the PRL bank. All for the sole purpose of selling PRL on the cheap to Caledon which will basically increase Caledon's cash and coal reserves massively. Using the profit '08/'09 profit from production from Caledon and Caledon's new Mongolian assets, they take out GCM on the cheap, around 175-185p a share (decent premium of today's price around £90-100million).
Then they bribe the Bangladesh government who Dattels already has in his back pocket to give final approval Caledon's new Phulbari licences.
Speights: New prediction for Caledon following full running of Australian, Mongolian and Bangal assets start full production. December 2010: £14.38. a mkt of about £3billion.
What do you think???
Definitely a buy now hey.
Bob
Dattells and Alford aren't enermies, they have been colluding and coming up with this idea since back in the old Caledon days.
He goes out raises millions at 13p to buy 'GCM' ends up buying ****loads of CDN instead, massively inflating the price yet still keeping back millions in the PRL bank. All for the sole purpose of selling PRL on the cheap to Caledon which will basically increase Caledon's cash and coal reserves massively. Using the profit '08/'09 profit from production from Caledon and Caledon's new Mongolian assets, they take out GCM on the cheap, around 175-185p a share (decent premium of today's price around £90-100million).
Then they bribe the Bangladesh government who Dattels already has in his back pocket to give final approval Caledon's new Phulbari licences.
Speights: New prediction for Caledon following full running of Australian, Mongolian and Bangal assets start full production. December 2010: £14.38. a mkt of about £3billion.
What do you think???
Definitely a buy now hey.
Bob
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interesting read bobsa...
CCD has been pretty disappointing of late... you'd think given the strong returns of coal miners in Oz that people would be falling over themselves to get on board a new coal player just coming into production...
CCD has been pretty disappointing of late... you'd think given the strong returns of coal miners in Oz that people would be falling over themselves to get on board a new coal player just coming into production...
Caledon Resources/ total lack of confidence
unfortunately investors don't like consistently missed targets and Caledon production targets for 2008 have fallen from 1.1MT to 500000T
Investors have totally lost confidence in the board and Steven Dattels must be suffering badly and he probably cannot raise enough to takeover and throw out the management which he correctly critisized for months b4 stopping for a seat on the board with a maxi of 29%.
Caledon is one of the special situations in coal with a huge majority of their reserves being Coking coal
The rights issue was done at 40p so those investors are not looking happy either. Not sure who can breathe some fresh air into this company until they manage to regain confidence from their shareholders. If Steven Dattels could raise the money then I would suggest that now is the time to attack and pick up this jewel in the crown.
unfortunately investors don't like consistently missed targets and Caledon production targets for 2008 have fallen from 1.1MT to 500000T
Investors have totally lost confidence in the board and Steven Dattels must be suffering badly and he probably cannot raise enough to takeover and throw out the management which he correctly critisized for months b4 stopping for a seat on the board with a maxi of 29%.
Caledon is one of the special situations in coal with a huge majority of their reserves being Coking coal
The rights issue was done at 40p so those investors are not looking happy either. Not sure who can breathe some fresh air into this company until they manage to regain confidence from their shareholders. If Steven Dattels could raise the money then I would suggest that now is the time to attack and pick up this jewel in the crown.
So quiet on the Aussie Boards I just had to add a bit, especially given all the movements of late....
Rumour of the day (Times)
Caledon Resources, the Australian coalminer that revealed a bid approach three weeks ago, rose 6p to 32p amid talk that two suitors – an Indian company, possibly a steelmaker, and an American investment house – were competing to make an offer to meet a deadline in three weeks. The takeout price is expected to be between 50p and 60p.
Still not even close to where it was last July however worth a punt at these prices as still 80-100% up on current prices....
Rumour of the day (Times)
Caledon Resources, the Australian coalminer that revealed a bid approach three weeks ago, rose 6p to 32p amid talk that two suitors – an Indian company, possibly a steelmaker, and an American investment house – were competing to make an offer to meet a deadline in three weeks. The takeout price is expected to be between 50p and 60p.
Still not even close to where it was last July however worth a punt at these prices as still 80-100% up on current prices....
prawn_86
Mod: Call me Dendrobranchiata
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Hi Guys.
Is there any rumors about the take over, cant find any info in the British press or bb boards.
Any info appreciated
Allan
If you cant find any information then why would there be any rumours? Any reason as to why there should be rumours?
If you cant find any information then why would there be any rumours? Any reason as to why there should be rumours?
They have been in take over talks for over a month now, just a lot of people guessing who the prospective buyers may be. Chineese or Indians or maybe Polo seeing as they have a 25% stake in CCD.
This is the 4th time they have been aproached just seems strange that something has not leaked out about the offerers
Ive noticed its not a heavily traded stock in the ASX but thought maybe some of you kind folks maybe had some info us Scottish traders were not privvy too
Cheers
Allan.
