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Last post: Ed1Mil, 14 Jun 2024 19:11
Anything between 180-200p is a bargain here. Added some as soon as it dipped bellow 200p mark. Nothing goes in straight line nor up nor down. Happy to hold it. Gla
Started: NorbertDentressangle, 30 May 2024 19:54
Last post: Morbox, 11 Jun 2024 16:11
HL do pay on time, just that some people don’t know that you have to transfer it manually to your trading account, if you don’t then HL will do it on certain days thus the perceived delay. US stock divs sometimes are delayed by a couple of days.
Iii always pay the dividend on the due date. Other brokers are a bit naughty. HL takes at least a week or two instead..
Just to say, i've had mine via interactive investor- my own and my wife's ISA's as well as trading account all have CAML all received divi last week.
Spoke to HSBC again re missing dividend. Got standard response that it can take up to ten working days despite other institutions having paid the dividend over on 22 May. I will be very interested in any response you get from CAML as I get no sense of urgency from HSBC.
Still not had my dividend, I've emailed CAML now
Started: mick-b, 4 Jun 2024 19:36
Last post: mick-b, 4 Jun 2024 19:36
Oil and metals selloff.
Probably overdue.
Started: lawdoc, 3 Jun 2024 15:37
Last post: raxfactor, 3 Jun 2024 15:52
Can't disagree with your statement however I decided to take some profit, for some reason be it location company doesn't seem to get the recognition it deserves.
Be interesting to what happens to commodity prices in the short term, over the weekend there has been plenty coverage regarding demand in the future but what's going happen now.
I reviewed CAML today and was impressed by the Deep Value reflected in the Balance sheet. I increased my holdings earlier today. Copper will be in continuing demand for energy transition (the Grid, EVs, powering the cloud, etc) hence I view CAML as low risk with a good dividend.
Why is LSE showing a midprice of 216.50 when sales have been made at over 221 and purchases over 223 ??
Started: unvrkw, 31 May 2024 11:36
Last post: tichtich, 1 Jun 2024 10:31
Copper price has retreated quite a long way from its recent peak, which was probably fueled by speculation. Let's hope CAML locked in some high prices while it lasted! Anyway, price should still be pretty good going forward.
Caml will be making good money at these current prices. either for extra divi or towards the next buy. these are £s flooding in make the already set deals on investigations and uk easy decisons and glad they are made
Last post: mick-b, 23 May 2024 17:36
TIN 38.7% year to date.
https://www.baha.com/commodities
Consolidation across the markets today in the wake of retreating commodity prices, to be expected given the pace over the past year
Copper 30% higher, Zinc 26% higher and Lead 10% higher year to date
'Copper surges to highest ever on bets that shortages will worsen' - Seeking Alpha Report
https://seekingalpha.com/news/4108362-copper-surges-to-highest-ever-on-bets-that-shortages-will-worsen
Hard to pin down the rise in copper, ev sales seem to be stalling with manufacturers changing tack, property building in China in chaos with the announcement late last week hoping to turn the situation around, there seems to be no shortage copper, however China has some new refineries coming on line and are scrambling for concentrate to refine.
It's good to see lead and zinc prices hitting highs so it's all going well for Caml at present.
The price seems to continue to rise however i dont think this is sustainable and will continue to go straight up. normal straight up means straight down but whatever the aspects are overall at the min i'm sure caml are making far more cash than expected and they sell on market price as its happening. this is money for the divi or for extra onto the pile for buyimng someone else. whatever the current prices copper has a huge future.
Started: unvrkw, 30 Apr 2024 09:00
Last post: unvrkw, 30 Apr 2024 09:00
Sliver and lead probably not far behind so the cash flow Q3 onwards for a period i think will be through the roof.
Started: TheSoundMan., 29 Apr 2024 08:22
Last post: rugs, 29 Apr 2024 10:52
That is what I thought so somewhat surprised see all the sales.
Lots of press over the weekend suggesting a supply gap as big as a 1/3 in the Copper market.
Can only be good for CAML and us.
Last post: dusty42, 26 Apr 2024 22:41
anyone else see the crescat weekly presentation today(260424)?
in the later third of the discussion(*****on hennigh), mention of a company/technology that could significantly increase recovery from heap leach.
imediately made me think of kounrad and it's possible application there. potentially increasing the overal recovery of metal there and extending it's life a bit could make a big difference to caml. the difference of managing to recover say 80% of the metal from the site rather than 60% would be a rather positive surprise.
obviously i have no idea how effective it actually is.. but sounds like they are working with a couple of sizeable copper producers(freeport and anglo mentioned).
Started: obone, 24 Apr 2024 15:51
Last post: Chatroom, 26 Apr 2024 09:11
The Ex Date was yesterday the 25th and the record date is today the 26th.
On the register the end of play before ex divi so yesterday.
I thought you had to be on the register at the end of ex-div day to be eligible ?
That is not entirely accurate Spurley, ex dividend means the date in which new holders are not entitled to the next dividend payment, eg the one that will take place in May.
Nonsense. If you held the shares at the close of the day before ex-div you will get the dividend.
Started: Traxpern, 21 Apr 2024 21:07
Last post: Genghis15, 23 Apr 2024 11:38
Must be on their radar, one would think.
Please
Last post: Traxpern, 11 Apr 2024 17:34
Jv hopefully.
Last post: NorbertDentressangle, 10 Apr 2024 21:14
Sold too soon. I had a decent holding but increased it at 160p. Sold that at 200p which was a decent profit in a week!
We're flying last few weeks, not bad the increase from 150p to 210, 40%
Bloomberg commentary on copper price and outlook.
https://www.bloomberg.com/news/articles/2024-04-09/copper-trades-near-15-month-high-as-supply-outlook-tightens
Fair comment from broker VSA Capital
Central Asia Metals (CAML LN) has reported Q1 2024 production results and as a result our full year forecasts are unchanged. Output across the three metals was down QoQ and YoY due to seasonal factors while management has highlighted that higher production at Sasa is due once construction is complete.
In line with averages, notice SASA lower
Started: unvrkw, 9 Apr 2024 07:25
Last post: unvrkw, 9 Apr 2024 07:25
If that jumps in price, worth something. as much silver as some pure precious metal miners
Started: unvrkw, 2 Apr 2024 16:27
Last post: raxfactor, 3 Apr 2024 10:54
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
Started: zebbo, 25 Mar 2024 08:36
Last post: zorbathemeek, 27 Mar 2024 15:22
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.
Started: TrekMadone, 25 Mar 2024 07:31
Last post: steven49, 25 Mar 2024 08:03
Divi cut was expected, disapointing in there investment, early stage, going green energy route.
Results are very solid and the investment in aberdeen metals is small but with the potential to deliver value if exploration is positive. Not complaining for now
Bailed last lot at 183 looking for a retrace …. Starting a new Copper mine from scratch can take years … so CAML needs to move quickly in my view … just about broken even over the year so not great but clawed back a 20% drop.
Glad I exited Friday, the divi cut is fine but 3m in Aberdeen, an expo money pit. Really. I guess at least it’s only 3m!
Usual caveats
Trek
Last post: Chatroom, 22 Mar 2024 14:36
CNBC were very briefly talking about the looming copper shortage.
At the April Ex div the share price was £2.07. the carried on falling. I can see this rising up to the next div and carrying on rising instead of dropping back.
GLA LTH
Looking good now copper at $4.06
The cure for low commodity prices is low commodity prices.
You just need to have a well managed business with lower costs and access than your competitors
GLA
Here we go again, not enough copper how many times have we heard this?
Copper stockpiles are looking decidedly unhealthy after top producer Codelco reported an 8 per cent drop in production for 2023, at 1.4mn tonnes. The Chilean state miner is closely watched by metals traders because of its significant output. This year’s production will remain weak as well, making an uptick in the red metal’s price more likely – UBS analysts said yesterday that consensus expectations had just shifted from surplus to deficit and this would likely continue.
“In our view, the probability of a strong rebound in mine supply in 2025 is low and if the market moves into deficit in 2H24, we think tightness is likely to persist for an extended period,” the UBS analysts added. Copper has dropped from $8,500 (£6,724) a tonne at the start of February to $8,100 a tonne this week, as per the London Metal Exchange
Started: boreddesigner, 13 Mar 2024 13:10
Last post: highlandmatt, 18 Mar 2024 19:55
Copper over $4 now.
Bloomberg tv reporting China restrictions on copper could create a huge spike.
Last week’s article
https://www.nasdaq.com/articles/metals-copper-zinc-hit-5-week-highs-on-china-trade-data-smelter-cut
Absolutely flying
Copper price is flying today, hopefully caml can catch up.
Started: the_shareminator, 5 Mar 2024 13:18
Last post: Temple_of_Doom, 7 Mar 2024 18:08
Volumes were light today .... did anyone notice the £100K sell yesterday at 154? Looked like a fat finger error to me ... reckon someone was obliged to buy back.
Generally speaking the UK markets look highly unstable .... in out in out and shake it all about .... my kind of market.
Slight improvement in global economic sentiment --> small increase in metal prices --> small increase in CAML share price. Could easily reverse again, but let's hope for the best. Still holding for the medium to long term, so don't care much about the share price, except in so far as it reflects metal prices and profits.
I'm with boreddesigner on this one, last weeks downturn seemed a bit random and unjustified imo so I am viewing today as a correction. I personally won't be letting any of my shares go until after the end of year results in less than 3 weeks time. Hopefully we will be back at the 170's in a week or two. GLA
Well done, little premature I recon. I'm looking for 170's by the end of the month, fingers crossed
Nice suprise today ... taken some off the table .... looking for 150s again ... but no problem if not.
GLA
Started: Temple_of_Doom, 24 Feb 2024 13:56
Last post: Charlie156, 26 Feb 2024 10:28
This time last year CAML's 3 metals per tonne totalled $14,000. Today it's $13,000, so margins are under attack. There will be another hefty pay rise this year, which puts the dividend under the spotlight. They paid well over the 30-50% FCF for the interim dividend and they have cash in the bank, with most of the SASA capex paid out, but if the company stick to the 30-50% dividend payout, a cut is on the way.
The difficulty with CAML is a lacking in growth with 15 years or so of life left out of current assets as far as I can gather. Too much time between the takeover and Sasa and new acquisitions, where exploration should have started much earlier - but my guess is that the bet was to match Sasa with another deal over the past 5 years. Not happened and now two such deals are needed to replace existing production going forwards.
On the plus side, in 10 years CAML could have $360 Million in the bank having returned 200p to shareholders with 5 years or so to decommission and sell off machinery .... as well as having some returns from solar power to the locals.
So the share seems more like a bond is it stands now.
Anyone disagree?
On the plus side, however, cash rich and getting richer. Let's be conservative with 15p divi and 15p stored in the bank each year - makes 30p so current holders will have value equating to the current share price in a tad over 5 years from now in terms of divis and cash stored in the bank assuming current trend continues ...
Started: Ed1Mil, 9 Feb 2024 17:32
Last post: steven49, 9 Feb 2024 18:55
Following copper lower, lot copper miners share prices under pressure. Hope not going c copper falling heavily over coming months, China biggest consumer economy in trouble.
I was surprised also.
Caught me off guard would have bought a few more if I had spotted the price action before close.
according to "investing" website there was a large transaction about 10:30 today 343K shares traded in a 5min window.
From the price graph it was all downhill from then onwards...
There is a new company video if anyone interested:
https://www.centralasiametals.com/media/
Still a holder here. Watching 150p zone though I am a bit surprised its still at these levels. Gla
Started: TrekMadone, 2 Feb 2024 08:45
Last post: eviking, 2 Feb 2024 19:18
Thx trek just about to buy some again
Started: boreddesigner, 30 Jan 2024 18:41
Last post: Alexei91, 30 Jan 2024 21:54
Yes we are having good performance with copper (and zinc and lead). Good to see copper over 3.9 USD / lb again. I am looking forward to 4.0 or over! The share price hasn't been moving with the commodity the last few days, so hopefully it will catch up before the end of the week.
Undervalued here imo