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Drop may be linked to US stock market performance which is trending lower, we started out okay then traded lower after lunch which suggests what's going to happen in the US effects us here they seem a bit downbeat today, anyway they sneeze and we catch a cold.
Other than that Cu trending lower with Lead and Zinc more or less stable chart wise we are following Cu down.
Shame really hoping we could stay above 200p.
Some sell prior to x-div date, take the profit from buying well before. This will drop further on x-div date and may keep falling. Buy again low 180’s rinse and repeat.
I don’t on this one (wife’s ISA).
If anyone can explain todays drop it would be appreciated. This drop coupled with the divi drop coming is very unsettling.
Would've thought the price action would've been a bit stronger this week. Let's see where it ends up.
Yup that's a fair assumption. This has also been nearer to £3 so let's see what happens
@ LawStudent95.
I believe that The SP will rise into the 28th and most of the div will be reinvested into the Share and then the SP will rise into the Christmas Rally.
So very happy holding this stock for the foreseeable future.
Not quite sure why this isn't rising into the dividend tbh. Hopefully we can see more of a rise next week when it's going to go ex dividend! Next dividend announcement is March next year I believe as well? Will have to double check that
Same old with CAML, great company to Hold or Trade.
That's quite optimistic LawStudent, 225+ pre the divi drop will do me.
I would expect a retrace to offer a good reentry post divi.
Morning all. Opportunity for 9p dividend closes next week & this should keep getting stronger throughout the week. £2.25+ should be a firm base. Good luck
Raxfactor nice one thx
Broker comment
The quality of CAML’s asset base came to the fore yet again in H1 2023 as the group maintained an impressively wide EBITDA margin despite the twin challenges of weaker base-metal prices and inflationary pressures on costs. The robust financial performance enabled CAML to declare a 9p interim dividend, maintaining its position amongst the top yielders in the junior mining sector. Capex requirements should reduce materially from next year.
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."
Did the other posters actually read the results before posting ‘poor results’ and other negatives lol