Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting times I found it strange that caml should suddenly start to rerate when we have had nothing more than the usual news of a well run company plus small exploration investments, however after listening to recent presentations they may be closer to that game changing acquisition than they are letting on,
hence some in the know are buying in, then we have the rns from East Star Resources today a company who have been drilling to prove up resources and have now put themselves up for sale.
East Star Resources Plc (LSE:EST), the Kazakhstan focused copper exploration and resource development company, is pleased to announce that, as a consequence of interest in the Verkhuba copper deposit ("Verkhuba" or the "Copper Deposit") having been received from several companies, the Company has initiated a formal process including the opening of a data room for a potential joint venture, farm-out, or sale of the Copper Deposit ("Transaction").
Chatroom, the after hours trade was not a purchase. In fact it was a UT (UNCROSSED TRADE) which means it was both a buy and a sell.
Genuinely believe that we could see a 10% gain by Ex Div date. Unfortunately I have to say that I was expecting a better start to the day
Where do you think this will get to by ex divi day?
Buy Volumes are nearly 3 x that of sells today .
With a large after hrs purchase of 16:35:15hrs price 206.50 no of shares145,04 total cost of 299.52k
Hopefully this will carry on to the div date at least
Soon i’ll be blue again and off to the races!! nearly breakeven and i’m sure more to run here, could see £3 before i’ll start to sell the next two months are going to be huge
On a more positive note, great to see the SP pickup after the results and investment RNS's.
"Scottish Widows? how dare you sell insurance too anyone who's not a Scottish widow! ..."
Cane Toad - '...I thought they were 'Cantral (sic) Asia' Metals...'
Well, I'm a customer of Scottish Power, but I don't live in Scotland. 🤔
It's refreshing to see clear reporting. Must admit I was surprised there was no dividend cut. I really do like this company.
Second that, and the two early exploration deals they have started are additional to the main aim of a transitional acquisition, it seems to me that they are setting in place the building blocks for long term growth of the company all we need is one of the acquisitions they are looking at to complete to get it over the line.
Another solid presentation by a professional team.
Don't forget there is a investor meeting this afternoon 4.30pm details below were the results will be discussed, it's free to register and attend the meeting.
https://www.investormeetcompany.com/
CaneToad, everyone has a right to buy or sell but it's worth noting that CAML have hardly put a foot wrong since they listed. I've had 150%, or there abouts, of my initial investment back in dividends and the dividend just announced amounts to 20% to me so I'll not complain.
I have full trust in the board that they will continue to deliver and don't really care where their operations are.
BP do most of their work outside of the Britain
“ (most likely, rusted shopping trolleys)” … funny.
Vsa morning miners take on caml as well as others.
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-250324
Caught the post message by mistake, anyway oil and gas taxed to death.
We still have our investment in Kaz so it's not like they have exited that in favour of Aberdeenshire.
The management here have an excellent track record of running there operations and returning cash to shareholders I expect that to continue.
First off a solid set of results considering at the half year results cash was down to $50m to end the year with $57m in my book is a good recovery.
It should be noted there has been heavy spend on projects at Sasa, and the solar project, and in the results it mentions additional spend on equipment.
Secondly we have cu prices at near all time highs, and research suggests it's going to stay there in the short term, the other metals are recovering as well especially if you look over a five year time frame.
Thirdly the divi is excellent and they reiterated there stance it's 30 -50 of fcf.
As for the the investment in Aberdeen it's small scale and as far as I can see backed by the UK government as a green necessity with grants as opposed to oil and gas which is negatively supported by government and at present investable due
I thought they were 'Cantral Asia' Metals. Even if they did find something worthwhile in the UK (most likely, rusted shopping trolleys), the government would introduce a windfall tax to steal all the profit, so I have absolutely zero interest in them investing my money in the UK. I'll be thinking hard before investing any future money in CAML.
But they are investing in Kaz as well, probably more so. I view this as a low cost long term option. Correspondents to existing mine life at SASA and Kounrad?
Fully sold today. Expect this to dip much lower.
They are in Kaz, a tier 1 mining jurisdiction, awash wirh metals and possibly one of the last great jurisdictions with massive exploration potential. I was born and raised in Aberdeen. This is pure desperation if they are investing in the UK for exploration.
I've viewing the grades and meters, nothing spectacular at all. Keep in mind mining in uk will be very expensive and will take a decade plus to get a mine into production if all goes perfect! The environmentalists and locals will have court case after court case lined up for them.
Nothing short of stupid, to not invest the money in Kaz/Central asia but Uk.
Https://aberdeenminerals.com/news/news-releases/
Getting UK gov grant funding. Explo results are there to see as well.
No the best idea IMO. These starts up will drain cash over years, for a non quantifiable return IMO
Divi cut was expected, disapointing in there investment, early stage, going green energy route.