Monday, January 23, 2012

Caledonia Mining May Have Reached Agreement On Indegenisation

Reading the Herald Online this morning I came across this new report that mentions that Caledonia Mining Corporation may have reached an agreement with the Zimbabwean government regarding the implementation of the indigenisation laws.

If this is true, we could possibly see an announcement in the next several weeks. The timing for this couldn't be more perfect and would fit perfectly with my prediction of an extremely higher stock price for Caledonia Mining Company (Symbol: CALVF) in the next several months.

A favorable agreement would remove the uncertainty surrounding the Blanket Mine and would let Caledonia common stock be free to find its true value.

This would be excellent news for long term shareholders who have suffered from the lack of higher share prices for many years.

Here is the article from the Herald Online.