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margins are still very high, just watch the latest presentation by the CEO. Sure, we could be doing more but the mines would be profitable even with rock bottom commodity prices. And we've got plenty of cash in the bank. Dividend cover is easily 2X too
27.04.23 Copper $8571 tonne(27.04.22 $9935)
Zinc $2609($4314)
Lead $2120($2358)
Still making money, but margins have been slashed, with costs rising fast.
2 x 570k buys. Defo buys as well over mid for the day. payed for £1m each + lots of other large after hours trades today.
I am a buyer as well. Not on that scale though! Lol!
Usual caveats
Trek
Copper price is actually up 13% over the last 6 months.
Not sure how that justifies a 50% in the SP.
Excellent balance sheet to boot.
Actually, just added another 10k shares. This it for today :-)
I picked up 30k shares this AM, but will buy a few more if it drops further
i'm 56% cash so your beating me on this one!! i've biggish holding here, dec, some gold and silver plus a few more downers that will come back one day. gla
Great balance sheet to boot.
Director buying at the very least means hopefully no hidden skeletons market is not aware of.
I am ~80% cash, but had to pick up a few of these this AM, as they are just so cheap. Have been in and out of CAML over the years. Solid
The BoD should really be buying back stock at these levels.......
i think the market has gone. there is a tech resurgence, revenues etc but its all last saloon and more bad news to come. i'm out the market per say % wise at the moment and waiting. i think rates will stay higher for longer, inflation will drop but likewise everything else. i think rough time ahead and value shares like caml will once again come to the fore. below £2 becomes really tempting
Must be in the realms of "cheap as chips" at this price on any measure
He's had his pants pulled down if that was yesterday!!
not exactly setting the world on fire, but I guess thats CAML for you
I topped up. It's ridiculously cheap
Yep 24% drop in 1 year, 16% down in 1 month but only 4% down in 6 months!. Makes now the time to buy for the next divi imo.
Usual caveats
Trek
.
At 210, 20p annual divi gives 9.5% yield.
Copper down to 3.87 today. CAML SP follows this, but still churning out profits.
Yep , ex dividend date today..usual drop , top up time maybe...atb
doing exactly the same, I'm now at my highest cash level ever. i'm awaiting the debt pushing through, crash coming and then its time to buy big time, i think this will head below £2
Is to do with wider macro events. Majority of IIs expect a recession. Copper price historically drops during a recession as firms cut back on production. CAMLs just being pulled down with the pack. Copper price still high to historical numbers, so potential for more drop.... look at zinc and lead which have suffered much worse. We make that too
Think it was Goldmans who said this week that Copper demand is actually still anticipated to rise this year due to China reopening + green demand (renewable industries). So, may be gloomy for a while, but bounce back may be strong
I've a core holding here, but am storing up cash for doubling up nearer end of this year ir whenever it looks terribly oversold. For this, I mean per technicals, not fundamentals as it is already oversold on those
i've stopped buying everything, the market really is stuck and has no idea of direction. i'm invested but not going taking on more at this time