Member Info for Charlie156

After a hasty £2.25 December sale of part of my holding, just bought 10k's worth.

rich3648, I don't agree that when it all goes pear shaped in Turkey, its the end for SS. He'll then launch his masterpiece with the abandonment of the search for fossil fuels and UKOG's rebranding and move into renewables to save the planet and more importantly, his lifestyle.

HS, I think there's a bit more to it. Treatment charges at SASA were up 60% in H1 from $6.2m to $9.9m and that has continued into H2, which is eating into its margins. The VSA interview sounds like they are looking for a green economy metal for up to $500m. Kounrad is a gem, but I don't fancy another purchase like SASA, where debt repayments take priority and dividends reduce. I'd rather they run down the assets of the company.

PaddyBoy, I always look at my investments with a glass half empty perspective. A number of assumptions in your 22.58 post, which I won't correct you on. Your imbecilic 'BP is a zero risk investment' comment needed addressing, which I'm sure on reflection you'll agree with.

A year ago Brent was $68. Six months ago BP shares were 3 quid and this BB was full of people had lost money. Now at the same price its full of people who have made money, like PaddyBoy who tells the throng to chill and that there is zero risk with BP. Punters make a few quid and it goes to their head.

3 substantial director sales in the last three weeks is noteworthy. Q4 revenue down on Q3 despite a booming copper and strong zinc price contributed to the negative reaction, but safety, Covid and the TSF4 leak have been well managed. Continuing strong metal prices and dividends on the way provide support. There is a jump in capex over the next two years and I sense the market is irritated by the hedging strategy, but I can't see any other issues, maybe the directors can!

Good to see Penguins still trying to save people money. It dawns on all of us eventually.

Today's news has tempered expectations. Management receives lots of plaudits but a tad over cautious for me. I've lowered my dividend hopes. Still well positioned, any sustained fall from here makes CAML a tempting acquisition.

When BP release their results in Feb, they will show Brent averaged $42 in 2020 and lousy refining margins. There will be no buybacks or dividend increase. BP and Looney have it all to prove.

In normal times BP is £4.50-£6.00!!! BP has halved its dividend which has completely altered the investment profile for the company. Three quid yields 5% which for a company that operates in the high risk oil business is about right.

CAML has had a good run. Compared to the end of 2017, a period when metal prices were as a basket similarly priced, CAML shares ended 2017 at £3.06. Net debt at the end of 2017 was $139 million. Net debt at the end of 2020 will be circa $30 million. That net debt differential represents 80 pence in shareholder value that at some point the market will recognize.

Sold part of my holding at £2.25 this week, as the new Covid variant slightly moved the risk dial for me. Still have a healthy shareholding, the mines to date have escaped any major Covid issues. January's update should add to the momentum. In Q3, cash in the bank improved by $11.2 million, as well as paying off its monthly debt repayments. In Q4, copper and zinc have jumped another 10%, so the net debt figure will tumble. In April's results I'd expect the Board on the back of this and continued buoyant metal prices to address the fact that no final dividend was paid for 2019.

Lots of sales the last two days. It's being hoovered up by someone.

Maybe it's the French fund adding to their recent holding. After Macron's appalling handling of the Brexit talks, it's the least they can do to try and salvage the Entente Cordiale.

Berenberg upgrade. CAML must be raking it in with these metal prices. Got a feeling not much stock about. They won't be getting any of mine. Selling at these prices, taking a 12 month window is not a smart idea.

It's fun watching this squeeze, before it pops.

Even lead is up 5% today. I think these are about to take off.

A big seller remains here, Orion or Polar I presume, which is stalling momentum. Bought my fifth tranche the other day. Surprised by muted vaccine response. 6p dividend in December, minimum 8p and 6p, May and October 21, by which time CAML will be net cash positive and in a position to adjust its dividend policy and increase payouts.

Copper over $7,000 a tonne. At this point in Q4 compared to Q3, copper and zinc are up 10%, lead down 2%.

Just to add for the 2018 interims to June when all three metals were booming net debt was $125 million. Net debt at the end of 2020 will be $30 million, a factor the market has chosen to ignore.