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'Copper surges to highest ever on bets that shortages will worsen' - Seeking Alpha Report
https://seekingalpha.com/news/4108362-copper-surges-to-highest-ever-on-bets-that-shortages-will-worsen
Hard to pin down the rise in copper, ev sales seem to be stalling with manufacturers changing tack, property building in China in chaos with the announcement late last week hoping to turn the situation around, there seems to be no shortage copper, however China has some new refineries coming on line and are scrambling for concentrate to refine.
It's good to see lead and zinc prices hitting highs so it's all going well for Caml at present.
The price seems to continue to rise however i dont think this is sustainable and will continue to go straight up. normal straight up means straight down but whatever the aspects are overall at the min i'm sure caml are making far more cash than expected and they sell on market price as its happening. this is money for the divi or for extra onto the pile for buyimng someone else. whatever the current prices copper has a huge future.
Makes sense to lock-in at least some of the next years production at these levels. 50% of production at the current forward price would nice indeed.
Good response to today’s AMG and update, and div payment next week. Also copper up!
Unless they forward sold CU at lower fixed price, still they can forward sell next year higher
This won’t do the caml bank balance any harm, either more divi or cash ready to buy something else. big cash generation
CAML has increased 2.25% in the 5 days since you tried to put the dampners on it; are you sure it's goldman sachs we shouldn't trust.......?
Was that an ATH on Copper earlier today 5.02, lovely stuff
ps - check all Suthy's posts he has 100s of posts on 1 stock and he snaps immediately if anyone says anything negative about it, I ignore him so he has popped up on few boards i've posted on to sow seeds of doubt
Same, only recently returned to even (at a price that I thought was a bargain at the time!). Copper is v strong and only going to rise. Dont believe anybody looking at a monthly chart can objectively conclude otherwise. Caml significantly underperformed to date. Will be disappointed if this doesn't rise to £2.8 over next 6 months
I’ve broken even again on caml so from now onwards we are in the blue and i’ve had plenty of divi payments. copper has a huge future, just next enough of it
i’ll hold caml two more months and then sell before market falls apart we have a commodity bull to come
If you want to see the potential of Copper and Copper Companies over the next few years, take a look at Capstone Copper (CS) on TSX. They're bringing new mines online, and now have a lot of Australian investors. Look at the performance of the SP over the last 6 months.
You don't need to ramp Copper. It has a hell of a future.
...and suggesting caution with CAML is unfair. It very well managed and pays an excellent dividend consistently.
Pedro- I would not trust Golman Sachs . I would advise caution with this stock. Stop ramping …
Copper with coffee is going parabolic
Https://www.forexlive.com/news/why-goldman-sachs-boosted-its-copper-forecast-to-12000-from-10000ton-20240506/
Goldman Sachs has been unabashedly bullish copper this year and they've been rewarded by a strong copper rally so far in 2024.
They're now boosting their year-end forecast for LME copper to $12,000/ton, a 21% rise from current prices and they continue to see another 50% gain (on average) in 2025. Those forecasts would roughly correspond to $5.40/lb this year and $6.75 next year.
CU now $4.60 per lb
ATH not far away
Sliver and lead probably not far behind so the cash flow Q3 onwards for a period i think will be through the roof.
That is what I thought so somewhat surprised see all the sales.
Lots of press over the weekend suggesting a supply gap as big as a 1/3 in the Copper market.
Can only be good for CAML and us.
anyone else see the crescat weekly presentation today(260424)?
in the later third of the discussion(*****on hennigh), mention of a company/technology that could significantly increase recovery from heap leach.
imediately made me think of kounrad and it's possible application there. potentially increasing the overal recovery of metal there and extending it's life a bit could make a big difference to caml. the difference of managing to recover say 80% of the metal from the site rather than 60% would be a rather positive surprise.
obviously i have no idea how effective it actually is.. but sounds like they are working with a couple of sizeable copper producers(freeport and anglo mentioned).
The Ex Date was yesterday the 25th and the record date is today the 26th.
On the register the end of play before ex divi so yesterday.
I thought you had to be on the register at the end of ex-div day to be eligible ?
That is not entirely accurate Spurley, ex dividend means the date in which new holders are not entitled to the next dividend payment, eg the one that will take place in May.
Nonsense. If you held the shares at the close of the day before ex-div you will get the dividend.