Caledonia Mining (CAL T) Message Board

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Gold/Mining/Energy : Caledonia Mining (CAL T)

CAL 11.44

+10.0%

1:57 PM EST

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To: Bobby Yellin who wrote ()	9/29/1997 3:32:00 AM
From: Christian Mayer	of 58

i was posting this message friday already, but had technical problems with SI accepting single quotation marks in the text. I did not know that and had to wait for a response from Jill. Funny timing as the price jumped 25% after my post. "Anybody still out there following that stock? I got interested as we again hit the 52 week low at $0,375. Have we reached the bottom here? If the gold price increases somtimes in the near future the stock price should react strongly on the upside. So i think there is more upside than downside! Any idea what happens if the gold price decreases further or stagnates over short to medium term. Will they have to close the company sooner or later, or are they diversified enough not to depend on gold entirely. Am i wrong, or is it correct that the retirement of the former CEO was one of the reasons for that kind of retreatment in the value of the stock. Any ideas how the new CEO is doing since than? Book value seems to be around $2,00. Therefore a price of $0,40 is very attractive here. Any responses and input would be greatly appreciated. chris"

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