Central Asia Metals Share Chat (CAML)

Those downgrades were like upgrades. Their range is way above current sp level. Bet they cant downgrade lower incase price for various metals continue rising... gla

This collapsed during COVID, which the whole market did. I bought around the current price have got nearly half my investment back in dividends. On the double or halve question, in all my years holding that time it has never been near £1 (even with the COVID drop) or more than £3.

I still think this is undervalued, but don't see it going through the roof, unless one of their exploration ventures find something really big.

Won't halve? but that's more or less exactly what has happened over a two year period and as yet hasn't fully recovered.

They should however be building a bigger cash pile by lessening dividends so if they ever get round to making an acquisition the majority doesn't have to be all debt or new shares combination which it looks like it will be at present with a small portion cash.

Ratings downgrade today and share price dropped. I have held here consistently for many years, during which time I have received consistent dividends. While the pencil pushers form their opinions the price fluctuates up and down , but the operations and distributions rarely change. This is a good, stable company, giving a consistent return. It won't double (or halve) overnight, so if you looking for high risk, high return, it is probably not for you. If you want a level of stability and better return than banks or bonds, this is the perfect operation.

Q3 2024 Operations Update for the Kounrad dump leach, solvent extraction and electro-winning ('SX-EW') copper recovery plant in Kazakhstan ('Kounrad') and the Sasa zinc-lead mine in North Macedonia ('Sasa').

Q3 2024 operational summary

- Zero lost time injuries ('LTIs') at Kounrad

- Zero LTIs at Sasa

- Kounrad copper production of 3,641 tonnes

- Sasa zinc-in-concentrate production of 4,768 tonnes

- Sasa lead-in-concentrate production of 6,864 tonnes

Outlook

- Kounrad on track to achieve 2024 full-year guidance for copper production (13,000 to 14,000 tonnes)

- Sasa expected to achieve lower end 2024 guidance for zinc-in-concentrate (19,000 to 21,000 tonnes) and lead-in-concentrate (27,000 to 29,000 tonnes)

Gavin Ferrar, Chief Executive Officer, commented:

"Kounrad continued to perform well in Q3 2024, in line with its production performance in the corresponding period of last year, and maintained its excellent safety record. Q3 is seasonally Kounrad's strongest quarter, and the operation remains on track to achieve full-year production firmly within the guidance range given at the start of this year.

"Sasa also performed well in Q3 2024, with the tonnage processed recovering from the levels of H1 2024 towards the level recorded in Q3 last year. This represents a great achievement by the Sasa team, given the challenges posed by the transition to the new mining system designed to ensure the operation's long-term future. Head grades, in particular zinc, also recovered relative to H1 2024. We look forward to maintaining this progress in Q4, which we expect to result in full-year production towards the lower end of the guidance range.

"Meanwhile, the Capital Projects programme at Sasa is nearing completion, which includes moving to the use of paste backfill in mining and adopting dry-stack tailings. Together, these technologies form the core of Sasa's long-term strategy; maximising resource extraction, and extending the life of TSF 4 and thus avoiding the need for a new conventional tailings storage facility. Together, these developments ensure Sasa's planned life to at least 2039."

The world produces 22 million tons of copper a year. BT's recovery is 1% of that and will be spread over a number of years. This will have no effect on the copper market. It won't have much effect on BT either. They need £15 billion to replace these wires with fibre.

Even better copper play 200000t unless the guardian has their comma in wrong place

Bt could recover 200t copper over next 10-15 years, bigger copper play than caml, as they replace copper with fibre.... Interesting!

All the majors RIO, GLEN, BHP, AAL, ANTO putting on weight today. US market shake up with USD weakening and election uncertainty adding some much needed wind behind the sails of the UK listed mining sector. Pull back today is a shame but we are banking a healthy dividend, many will choose to reinvest if sentiment continues to improve. On a sidenote my other copper holdings in TKO, BRWM, AAZ are a way off their year highs so plenty of room for share price gains (compared to the gold producer stock prices which are setting year highs every month).

MICB

invested ?

Copper up another 3% today. The fall on ex-divi should recover quickly given the macro environment

🍻

CAML went ex-div today.

Back to where we were a week ago after that nice rise. ?

Share tends follow copper prices

Coming up to ex divi date plus china is now pushing 500 billion into the system as the country falls apart

Looks like a well run business, been watching it for a while. Pulled the trigger this morning. Let's see how it goes!!

Copper really flying

Https://www.mining.com/bank-of-america-sees-copper-price-surging-above-10000-iron-ore-slipping-below-80-by-2025/

The last spike in the copper price showed that short term price movements may have little to do with fundamentals. I think the most important factor is going to be China, and it looks like the Chines economy may be in serious trouble. But the future is uncertain, so I'm just going to keep holding, and what will be will be.

US rates down, impact on dollar, impact on commodities, enjoy while it lasts, i'm think no more than three more weeks

This dropped when Goldman Sachs made their dire prediction on copper. Now it looks like they're being proven wrong. Hopefully big recovery on the way

Copper is definitely flying

No it hasn’t. On trading economics where I get copper prices showed it was down 7.5 %

This morning there was no change. Panic over

Why has the copper price tanked this evening ?