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Let's see Dartron
Remain keen on 3GBP in run up to going ex-divi. Equally, I had my sights there back when this was $3.5-3.6s, so will be massively disappointed to not see that now with copper at 4+. If this were listed in US or Canada, it'd easily be over a fiver already
I share the frustration especially as some of my buys were above the current price, but I was looking at the hourly chart, and we can see here that for the most part, the lows are coming back to the 200 MA, which is very encouraging, as the 200 MA has a nice gradient, which would take us to £3 by early April. Perhaps one issue, is that on any lower time frame we are well above the 200 MA, so this could be like extra weight pulling us back down. If anything, my hunch is that we will make £3 or at least an attempt on it (new high) fairly soon before the target of early April. I am also using livecharts.co.uk for the spot copper futures from NYSE, and that chart too looks very encouraging. May or June sounds like a perfect exit point to me.
This tells you everything you need to know:
05-Mar-21 16:35:17 250.00 78,519 Buy* 247.00 248.50 196.30k UT
" It does feel machinations are afoot here. The company is laughably cheap."
126p was cheap last April .....
I bailed the main lot at 200p and now just have a few to trade for fun ... but the share price is lagging behind other copper producers, agreed.
Morning Dartron, your right about my high. Should of been open on Mon11th (I note that you've used close on Fri 8th... similar). Re: the low, think we need to extend the wedge, as otherwise we might have just broken your support suggesting further downward movement, hence why I went back to Dec
I have different accounts for different purposes. Annoyingly, there is one which I'll need to liquidate late May early June which is holding 4k CAML. Its not the end of the game as I've CAML in my other 2 accounts also, but this should be faaar north of where it is. Beginning to get frustrated as the time horizon starts to loom
JTS13, you might be right about manipulation, but your dates seem incorrect to me. I cant see anything significant about Dec 8th. I would pick High Jan 8th, to low Jan 28th as the range. It seems under the surface there is a lot of buying going on, the UT is nearly always blue and some large buys are often above the ask. I am loading up here as much as I can, with a view to holding north of £3. Slightly annoying that I bought at 2pm yesterday then at 3pm could have saved 7p. Still managed to utilise that drop somewhere else. This is the place that I abandoned ship to from many of my gold miners...
I have copper averaging over $8200 a tonne in the year to date(including the hedge). The management is ultra conservative, yet the share price is becoming increasingly volatile, producing trading opportunities that I've taken advantage of myself. It does feel machinations are afoot here. The company is laughably cheap.
Part of the challenge with a stock that's not very liquid is that it gets manipulated easier. CAML is following technical patterns - indicating to me that there's a large company manipulating it (JPM would be my guess cause it all started following their RNS and it is their MO).
We're in an ascending triangle pattern which is creating a range of ~15% for traders (low from Dec8th and high from 12th Jan). Suggests to me ongoing consolidation for next few months - unless the FY results and Q1 statements can wake this thing up.
Insane... How long before the market starts to wake up here? When commodity prices move up 100%, one would assume share price might move up something also
Sometimes markets make no sense a couple weeks back ATYM was on tear up while here CAML went backwards, last week ATYM re-traced and is still going in that direction while today we are making good, no logic what's so ever as both are sound companies.
They have been on the lookout for years. Rest assured any purchase will be value add, they are being very choosy. Hence its taking so long
The OP is talking about the fact that the volume is 306k after close. We cant see what happened because its not in the published trade logs from the stock exchange, but you can see the volume on platforms like Barchart. This could even be a transfer of stock, rather than a trade (due to it not being on the exchange).
It feels a bit like the SP is being kept low to help some large players load up? (I don't mean you zebbo!).
We have JP Morgan on 5%
Blackrock have holding(s) but the TR1 is very confusing.
AMIRAL 2.8%
Over all I am very bullish for this company, and the share price. I was watching the presentation from last year, which is still worth a new investor watching. It is stressed in the presentation that the policy is to return between 30 and 50% free cash flow to share holders each dividend. The company seems to have a great no-nonsense attitude, and comes across as responsible to the environment it operates in.
https://www.proactiveinvestors.co.uk/companies/news/933914/central-asia-metals--present-at-the-proactive-one2one-virtual-forum-933914.html
I hope it doesn't come immediately but in both presentations they mention acquisitions are part of the plan. Interested to hear any comments about acquisitions?
Not sure about sellers but I have bought 50k shares over the last week. Still scaling in, hope SP remains weak on Monday, for selfish reasons. When CAML starts next up trend, I expect we will touch £3. Also prospect of 6/7% FY yield
Why do you think that?
306 K in Auction at 241, possibly big seller now cleared?