Member Info for Danger_Mouse

Seems odd CAML should be falling on strong copper price but its technical. Looking like another -4% to the fib before we can move up strongly are the fears by the technical sellers.

I am not often lucky to buy ahead of news by 2 days. Good drilling and the share price is just above the 200-day moving average on course to resume its bullish trend. A 1-3 year hold for me. Nothing better net can and a two-digit market cap.

Most folks want a high share price. Thankfully staying low enough to add across my accounts to be able to increase my holdings by 25%.

That would support oil prices going up for the long run. On a P/E basis, BP and Shell are cheaper buys but AXL at £41m market cap and net cash, the news flow RCE 5 should enable outperformance significantly. This is the smallest most existing stock under £300m market cap.

That's a really good question that's worth posting over on ADVFN or better emailing the company.

That pipeline "has been suspended since March 16" so currently not impacting AXL.

The likelihood of a recession is 50% and any opportunities will be taken during these periods. Bear markets and crashes are where the real money is made and for a low-cost producers like CAML, they are positioned well enough to survive profitably and to execute deals knowing this.

When JSE do come back it will be better because Montara has been fully serviced instead of some rusty heap of rubbish. The overall quality of JSE will be given a boost and by the time we get a move on with the gas portfolio into next winter then £1 will be seen as too cheap!

I've added today to AXL having reduced PTAL on some great news there as well as selling some large caps via WENS. AXL and JSE both offer some of the best beta levels playing catch up.

Just a reminder (to any new investor) CAML is in a net cash position.

You only need to look at PTAL today who are virtually paying off the debt and announced a massive dividend sending the SP rocketing up, but that is ALWAYS just a short-term rocket with fuel that runs out just like it has on I3E who did this at the start of the year. Not helped by oil prices over there.

If CAML increased the dividend the SP would have shot up in the short run too but with interest rates so high, any funding would need to be done >10% interest rate!!!! This is fine if your AAZ looking for 100% gains or whatever but its not the risk profile we long-term investors would want. We are more in the 25-35% total return camp.

The share price drop reflects speculators who are in CAML for the wrong reasons.

unvrkw no this is not a "precious metals" play, but it is a "strategic metal" play based on the copper stockpiles and all 3 operations being linked to the energy transition. Don't fall into the trap of being bullish on any one commodity but understand the complete macro picture and diversify while maintaining an overweight to your expert(?) macro predictions.

Anything private equity is being hit due to funding concerns this week. I have added here for the long run. RSE compliments my investment in the listed space with BERI.

Most money is made in a bear period and the financial situation with lending is providing downward pressure in the alternative stocks this is an good addition for the long run. I do wounder why MIGO have not invested in RSE at these valuations.

scoredagainsteps, I know but let's flip it, it's better to be down here at year lows than it is up there waiting to go down on any oil price drop. Stocks tend to go up depending on cap size and "quality" first. We would like to think of ourselves as "quality" but we have not been there for over a year due to the production pause. We are on a much higher beta than other producers. JSE need to prove to the market that we really are back!!!

The question is how much of AUM to allocate to JSE. As less beta stocks rise I would be slicing and adding here.

I have averaged down at 335p this morning. Glad people have sold. We don't need traditional views on what makes a growth company that was created in a low-interest rate environment where cash on the balance sheet is seen as wasted.

Increasing the dividend would have raised the share price allowing exits at a profit, but would set the wrong president. CAML is as safe and boring as I need. No other small-cap miner offers this.

I don't think CAML need to increase the dividend much. With lending for growth so expensive I would actually prefer less of a payout ratio. CAML has always run a safe ship on all factors they can control. We don't need to shoot the lights out. The cash could be held in money markets creating a small yield.

It's the gas price.

If you want blame something then blame the lack of gas storage.

I have added one my drips today and on target to be complete by August. If however you want to make a quick buck you need an heavy oil producer with a high beta.

I am hoping LGEN will be robust in a recession and be paid 9% to wait. Coming out of one you want to be in a small-cap index for maximum upside with low risk... but that is a very long way off from where we are today.

We are looking at around 0.2146p and which is a dividend of 9.3%.

The charts look like the major selling is done... done until the next bit of bad news, however, one can't think like that or you would never invest. The market this week should be factoring in a recession ceertainty in the US and the UK and hopefully LGEN will tick up up to ex dividend date next month in time for ISA filling.

While anything in gas is being hammered, it's time to go heavyweight into oil and AXL is the highest beta stock with an acceptable risk level to rival JSE. The Chinese are building oil refineries and storage and see a strong future for oil. Western majors are not investing. It will be the small companies that thrive.

The long-term future of oil is more evident now with storage projects being built. While the UK still ducking the issue on gas storage, Saudi Aramco are to $10b refinery and petrochemical complex in China. I have been increasing AXL but I do believe Asia is the place to be JSE at a low share price, net cash and news flow into an increasing oil price driven by Asian demand be it "out of a recession".

I am glad JSE have not supported the share price with buybacks in recent days because buybacks facilitate sellers. Let the JSE share price crash... I have added and will be going overweight.

The problem with selling like like Scoredagainsteps on Friday is you have to find something better. Unless the oil price tanks JSE has the best reward for the risk given the massive drawdown. I would have added at 65p if I had sen the opportunity on Friday.