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Look at the copper price! Caml will catch up soon , copper is going crazy!
CU now $4.41 per lb
Global copper market participants will descend upon the Chilean capital of Santiago for the annual CESCO Week industry gathering.
https://www.fastmarkets.com/insights/five-key-talking-points-ahead-of-cesco-week-2024/
Copper is trading at its highest since the middle of 2022, up 10% so far this year, fuelled by supply risks and improving demand prospects for metals used in the green energy transition. The main catalyst for copper’s rally is the unexpected tightening in the global mine supply, most notably First Quantum’s mine in Panama, which has removed around 4000,000 tonnes of the metal from the world’s annual supply.
Jv hopefully.
Sold too soon. I had a decent holding but increased it at 160p. Sold that at 200p which was a decent profit in a week!
We're flying last few weeks, not bad the increase from 150p to 210, 40%
Bloomberg commentary on copper price and outlook.
https://www.bloomberg.com/news/articles/2024-04-09/copper-trades-near-15-month-high-as-supply-outlook-tightens
Fair comment from broker VSA Capital
Central Asia Metals (CAML LN) has reported Q1 2024 production results and as a result our full year forecasts are unchanged. Output across the three metals was down QoQ and YoY due to seasonal factors while management has highlighted that higher production at Sasa is due once construction is complete.
In line with averages, notice SASA lower
If that jumps in price, worth something. as much silver as some pure precious metal miners
Interesting times I found it strange that caml should suddenly start to rerate when we have had nothing more than the usual news of a well run company plus small exploration investments, however after listening to recent presentations they may be closer to that game changing acquisition than they are letting on,
hence some in the know are buying in, then we have the rns from East Star Resources today a company who have been drilling to prove up resources and have now put themselves up for sale.
East Star Resources Plc (LSE:EST), the Kazakhstan focused copper exploration and resource development company, is pleased to announce that, as a consequence of interest in the Verkhuba copper deposit ("Verkhuba" or the "Copper Deposit") having been received from several companies, the Company has initiated a formal process including the opening of a data room for a potential joint venture, farm-out, or sale of the Copper Deposit ("Transaction").
Chatroom, the after hours trade was not a purchase. In fact it was a UT (UNCROSSED TRADE) which means it was both a buy and a sell.
Genuinely believe that we could see a 10% gain by Ex Div date. Unfortunately I have to say that I was expecting a better start to the day
Where do you think this will get to by ex divi day?
Buy Volumes are nearly 3 x that of sells today .
With a large after hrs purchase of 16:35:15hrs price 206.50 no of shares145,04 total cost of 299.52k
Hopefully this will carry on to the div date at least
Soon i’ll be blue again and off to the races!! nearly breakeven and i’m sure more to run here, could see £3 before i’ll start to sell the next two months are going to be huge
On a more positive note, great to see the SP pickup after the results and investment RNS's.
"Scottish Widows? how dare you sell insurance too anyone who's not a Scottish widow! ..."
Cane Toad - '...I thought they were 'Cantral (sic) Asia' Metals...'
Well, I'm a customer of Scottish Power, but I don't live in Scotland. 🤔
It's refreshing to see clear reporting. Must admit I was surprised there was no dividend cut. I really do like this company.
Second that, and the two early exploration deals they have started are additional to the main aim of a transitional acquisition, it seems to me that they are setting in place the building blocks for long term growth of the company all we need is one of the acquisitions they are looking at to complete to get it over the line.
Another solid presentation by a professional team.
Don't forget there is a investor meeting this afternoon 4.30pm details below were the results will be discussed, it's free to register and attend the meeting.
https://www.investormeetcompany.com/