Caledon Resources 2006

Wendy.....£2 a share....now that would be nice!.... I would be quite prepared to suffer another 3 years to reach those heady heights....maybe thats the 40p (in old money) that our old friend Mr Norse has been predicting for 12 months time (ie Nov/Dec 07)....although of course he did predict 15 pieces of copper on completion of the deal !!!!! and we know how wrong his price predictions have been in the past !!

But although we are passing through this transitional period and shaking out the weak chaff which has now produced an excellent long term buying oppertunity, I am still extreemly confident about CDN's future prospects and am happy to hold and buy as and when funds permit on the dips.

I can forsee plenty of news flow as we get up and running on both fronts...production (Cook) and the analysis of quality and quantity of the Minyango deposit.

We are not at the levels many predicted ( my prediction on old CC's guess the opening price was 32.5p (ie 6.5p)and am dissapointed by the recent fall, I am going to be far happier with a gradual rise in the SP as we progress production through the next 2 years.

Any positive news on the Chinese front should see a rise in the SP and of course dont forget our holdings in DYG.

All in all plenty to look forward to in 2007, Good luck to all long term holders and may I wish you all a Very Happy Christmas and of course a VERY PROSPEROUS New Year !

Cheers