Loading ...Caledonia
Thanks for bringing this one back Pyrite
It must have had reverse splits galore because it never traded at 400
But the chart says it all !
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Zoomed in 1993 to 1998
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I am sure there are some OLD BUGS who left it in their wills to their heirs.
“Look at this shit Mining Stock he had for 25 years …man he was always talking about the end
of the financial world and going back to the stone age…..better sell this crap before it goes to zero”
https://www.caledoniamining.com/about/
PS…I wonder what that first spike was …practice ?
Looks like a uranium Miner chart will look like in 2035
🙂
Wow, thanks, yes. Just this morning I saw a news release from them on Kitco and thought, “Is this from a prior lifetime or is this actually from my lifetime? Does this thing still exist?”
At one point — I guess it was in its 2nd runup — there was a then-elderly analyst who had taken me somewhat under his wing esp for testing my ability for detecting Baloney. (I think he thought I was good at it. I was of course just an amateur but we corresponded and got to know each other through the mail and then at conferences.) He ordered me to go to a Caledonia presentation and report back. What superb hype! There was a totally compelling-in-style-but-not-substance lecturer — possibly Scottish(???), really nicely dressed up (bowtie???) — probably the CEO — announcing as if it were a scientific proven fact that he was going to take the company to this or that record high stock level and that was that and it was proven and you could count on it. If my vague memory serves, whereas presentations will offer a slide showing timeline of mine development, his slide — possibly several slides — featured mainly a timeline with a rigid projection as if chiseled into stone of exponential rise in stock price. It was an unique company, one of a kind, he assured us, and he promised the unique and imminent transformation of this unique company. It was a promise that was not a promise because it was an incipient fact. He was so good at it that I more or less believed it during the presentation, for the moment. Of course I noted to myself that there was little of substance to report to back up the prediction that this company would go into orbit and stay there. Therefore afterwards there was some sort of exchange where my mentor asked me what I thought and I maybe said, “I don’t know about that. That was quite something,” and maybe rolled my eyes, and he maybe smiled.
If I had been smarter though I suppose I would have bought it and then sold it at its peak, that particular peak. I did watch its price for a while. But I had forgotten all about it. Thanks.
LOL !
A Hole in the ground wit a lier on top
I actually brought back into the company in 2016. They pay a dividend and management has been delivering as promised. They have 2 primary problems. Zimbabwe and are a 1 mine 1 jurisdiction company. Doing way better this 2nd time around.