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Another very solid quarter delivered by the company. SP performance has been disappointing this year but it's a cash generative business which will make huge profits once commodities are back in favour. Until then we'll keep pocketing a fat dividend
What’s the scaremongering on twitter?
The Cu news is mixed, while longer term we are heading into surplus territory currently we have a small deficit. However fund managers are bearish and are taking up short positions see link below.
The global copper market is expected to see a deficit of 27,000 metric tons this year and a surplus of 467,000 tons in 2024, the International Copper Study Group (ICSG) said on Wednesday.
https://www.xm.com/au/research/markets/allNews/reuters/funds-sell-copper-as-technical-picture-deteriorates-andy-home-53656571
Me thinks
Lots of scaremongering going on on twitter etc but this is still a good buy for the long term and I've added more yesterday at these low prices. Might have to be patient but this will recover
There is no doubt Caml fcf has been hit, however in H2 there won't be the $7m Kaz withholding tax to pay weighed to H1, so hopefully production will be up a little to meet guidance improving revenue., I expect divis to decrease as it's a factor of fcf , as it stands expecting H2 to be better than H1.
The ideal time to add would be commodity prices increasing, interestingly although China is mentioned as weak demand I came across some info stating iron ore imports to China are as normal so steel demand there is the same but in the West they have decreased so if they are building stuff in China perhaps the demand for our metals will firm up.
I will double my holding but not sure exactly when, the market knife is falling and i’m not catching it
Being in lower cost producers offers us some good protection as others will now be struggling with debt, inflation to wages combined with fear of a recession driving lower commodity prices which if looked at over a 5 year period hasn't happened yet.
Imo Lead Zinc and Copper are holding up well over that time span.
We have no debt reducing capex next year and a good divi which I see continuing, if the market wishes to mark us down therein lies an opportunity.
Dr copper measures the economic environment. rates create no money, no money, no building etc etc so copper goes backwards. caml is as we know one of the cheapest producers and has no debt, this is exactly where you would want to be right now. as others struggle they might be able to pick up good bargains next 18 mths
As most copper goes into electric Wire Then does the the copper price depend on the state of the building industry. Will the price us of copper raise as the interest rates start to retrench?
Price copper not helped difficult see it recovering much, been horrid hold divi helps, trying reinvest money in acquisition
Don't understand the price action since I bought in at £2.50 odd it's just gone down ever since :(
The perfect environment i hope for. cash rich, debt free business to buy someone else!
hold the next two years, buy someone else and then take off
Copper concentrate forecast to be in surplus until 2025, smelter changes at sux year highs usually increase when there is ample supply and decrease when supply is tight.
https://www.xm.com/research/markets/allNews/reuters/china-smelters-keep-q4-copper-guidance-price-at-sixyear-high-53647734
Data out this week shows declining surpluses in both metals let's hope this trend continues thereby firming up prices.
The global zinc market surplus narrowed to 17,400 metric tons in July from 75,900 tons a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed on Tuesday.
The global lead market surplus narrowed to 23,300 metric tons in July from a surplus of 63,500 tons in the previous month, data from the International Lead and Zinc Study Group (ILZSG) showed on Tuesday.
Next six mths when this hits a new low i'll be buying more
Drop may be linked to US stock market performance which is trending lower, we started out okay then traded lower after lunch which suggests what's going to happen in the US effects us here they seem a bit downbeat today, anyway they sneeze and we catch a cold.
Other than that Cu trending lower with Lead and Zinc more or less stable chart wise we are following Cu down.
Shame really hoping we could stay above 200p.
Some sell prior to x-div date, take the profit from buying well before. This will drop further on x-div date and may keep falling. Buy again low 180’s rinse and repeat.
I don’t on this one (wife’s ISA).
If anyone can explain todays drop it would be appreciated. This drop coupled with the divi drop coming is very unsettling.
Would've thought the price action would've been a bit stronger this week. Let's see where it ends up.
Yup that's a fair assumption. This has also been nearer to £3 so let's see what happens
@ LawStudent95.
I believe that The SP will rise into the 28th and most of the div will be reinvested into the Share and then the SP will rise into the Christmas Rally.
So very happy holding this stock for the foreseeable future.
Not quite sure why this isn't rising into the dividend tbh. Hopefully we can see more of a rise next week when it's going to go ex dividend! Next dividend announcement is March next year I believe as well? Will have to double check that
Same old with CAML, great company to Hold or Trade.