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Strong price action today and think it will continue until we go ex divi near the end of September!
What Dividend are we expecting 8, 10, 12 or something else?
I'd like 12 please
162,000 shares bought earlier today, somebody has confidence, or just moving in pre-divi. paid £2.02
Agree mostly with LawStudent. Yes, I expect a rise towards divi announcement but not the £2.30 region. I'm hoping £2.20. Divi should be worth a drop to £2.10 and then move on.
Dividend being announced next week. This should see a steady rise to around £2.30+ imo. Good luck all
This morning opened above descending trendline for first time since 10th May. Has taken longer than I expected to break through the technical resistance
Possibly gradual improvement into the trading update, then the usual rise / dip around divi? Would be v disappointed if doesn't go above 220 by end of Sep
Something brewing here.. looks like it's heading back towards the 225p + level
If I were you, I'd completely ignore most broker reports (especially London Canaccord).
CAML is very well positioned, two low cost mines with c.10-yr lives and strong balance sheet. So the company has no need for Canaccord's services...hence the negative comments.
CAML have mentioned a number of times that it is looking for new growth opportunities...given current state of equity markets, there must be some bargains out there for CAML.
First, given that something around 80% of predictions never come to fruition, I general don't pay much notice to Broker notes.
This did take me a bit by surprise though: "Central Asia Metals Plc : Canaccord Genuity cuts target price to 190p from 265p * Central Asia Metals Plc : Canaccord Genuity cuts to hold from buy *" Why? Just generic cuts within the sector?
That said, I think the technicals here are looking favourable for a rebound to 220.
Thanks wondered what was the reason for the uptick. Been waiting to get back in here but committed elsewhere!
One minute it’s like you got all the time next it pops!
Usual caveats
Trek
Looks like that tip has worked, positive rise here and shows probably does not take too many buys to make that change. holding past the £2, certainly like to see progress by mid sept and have to decide whether to hold out for next divi payment
Also was investing my divi s from Bt and Lloyds here, hopefully won’t see a rise 🤦♂️
Not surprised at all, massively undervalued.
.
Not to mention that commodities all appear to have bottomed out. Lead, zinc and copper all looking v nicely primed on the charts.
Pay day tomorrow = topping up another grand into CAML :)
Dirt cheap considering, great Divi too.
A quick glance at the five year Cu chart shows copper has done remarkably well imo going up from $2.77 in Jun 2018 to $3.96 today, factor in paying off Sasa into the bargain and being debt free Caml poor sp performance seems unwarranted, as Caml sp at that time was around 225p while languishing at 185p seems a disconnect.
6 x more shares bought today than sold so this could fly soon
Agreed Mr Flibbles. I gave up trying to understand the low SP here ages ago. CAML has never let me down, admittedly people were disappointed with last dividend not being increased but I don’t know of another mining company who are debt free and pay 30 to 50% out
This fell a short while back and as elsewhere in this board, wouldn’t be beyond the realms of possibility that it falls further, but believe we will see a significant upturn, just need to be patient
Have added today
While we may get a slight dip in the days ahead in the normal volatility range. But it looks to me this broke out of the downward trend as is ready for a new trend:
https://www.tradingview.com/x/mx4F3NEQ/
Yep can't believe we can add at 183p
Thanks matt, good solid performance from Nigel there, he's credible and honest, a no-nonsense CEO. Interesting that a full listing is an objective whilst maintaining divi payments. long term hold for me.
Now thats a big target....
Https://twitter.com/CamlMetals/status/1681597333723553792?t=O7z-Kc1nvQj036Ayzzw2Cg&s=19
Good to see the upward trend. Should go back to 200+ quite quickly now and then rerate from there.