The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Chat room
The Kounrad Solar Power Plant will consist of a 4.77MW unit, which is expected to:
Provide approximately 16-18% of Kounrad's electrical power needs;
Marginally reduce our cash cost per lb and therefore modestly improve our profitability;
Its great to read about the solar investments. The company can not be short of land to use for this. Were still getting the a 9p div. I will be looking at topping up my CAML holding if it fall much lower
They've been talking about expansion for a good while, but it sounds like things are gathering pace. I'd welcome a 3rd project, and the potential of exploration in Kaz. Ideally while maintaining the dividend in the sort of 8-12p kind of range of course.
"Management's focus on business development has accelerated during the first six months of 2023, with 22 opportunities reviewed, five non-disclosure agreements ('NDAs') signed and three site visits conducted. Also, during H1 2023, the company entered into an arrangement with a team of experienced explorers, Terra Exploration, which comprises early-stage exploration geologists with international and significant Kazakhstan experience and a proven track record of discovery. The team is reviewing a series of potential target areas using historical data and its advanced database, combined with its analytical abilities, and applications for exploration licences in Kazakhstan have already been made."
Unvrkw. Yes I got the same belief
Atb
I sold a few in aug, hold a fair holding and this looks now to be through good and bad times this next year or so. i believe copper will have a fantastic decade so no problem continuing to take a reasonable divi, chance we get a great announcement upon a new mine and the overall future is rosey
Https://www.investorschronicle.co.uk/news/2023/09/13/caml-turns-to-exploration/
Also to add, the current low share price is an opportunity.
Look at the history of CAML & the management. Regular dividends and we'll run. It will steadily climb once it settles in a day or two. 9p dividend to come , filter out the noise and focus on the reliability and consistency of the company
Agree with trek, I sold today. If drops below 190 or so I might consider re entry tho.
Decent results in my view considering capex of approx $30m expected this year with only about $12m being sustaining capex the rest going on solar and back fill projects.
If look at the five year Cu price it's doing just fine, Zinc has pulled back to traditional levels from a unsustainable peak, Lead is in an upward trend for the last Twelve months.
Imo cash would have been stable without additional capex even with increased inflation costs.
I held at previous results. I was hoping 10p would be kept and didn’t expect cash pile to go down so much.
I am not surprised at rev with copper price. If that changes which is likely then it will transform the Balkan sheet here and elsewhere.
Also been following ECOR as well but would’ve bought here over them as this is debt free. But imo they simply cannot give up 10m of cash in 6 months! That puts pressure on the balance sheet if they acquire as it’s less cash available.
That’s just my view and it may be wrong but I won’t be buying back for this divi.
Either way good luck guys.
Usual caveats
Trek
Did the other posters actually read the results before posting ‘poor results’ and other negatives lol
I’ve been adding what I can under 190p, 9p is still a brilliant yield no debt and 10 years mine life on each of the mines, this and our favourite DEC are very good income earners.
Trek, did you not read H1 operational update? All you mention has already been reported. 9p divi is better than many thought. Suggests business performing well currently
I was going to buy back in yesterday glad I didn’t!
I get the Rev down due to price but the divi cut ouch and the 10m drop from the cash position!
And no I wont be looking to get in cheaper. They simply can’t sustain running off cash like that!
Usual caveats
Trek
On profits, cash.
Let’s hope the worst is behind and commodities really rally
No worries, will know in a few hours' time.
Thanks, where do you get 'forecast 12p' from, please?
I think 13th September is the dividend declaration date so tomorrow we will know. Forecast is 12p.
xd on the 28th September and paid on 20th October.
Price is rising again! I think they dropped the bid in the morning to catch a few people out
10p I believe
Strong price action today and think it will continue until we go ex divi near the end of September!
What Dividend are we expecting 8, 10, 12 or something else?
I'd like 12 please
162,000 shares bought earlier today, somebody has confidence, or just moving in pre-divi. paid £2.02
Agree mostly with LawStudent. Yes, I expect a rise towards divi announcement but not the £2.30 region. I'm hoping £2.20. Divi should be worth a drop to £2.10 and then move on.