I hope not. I`m quite happy for them to stay as we are,Why go for more regulatory controls and extra expense of obtaining a full listing.They had no bother raising extra cash in respect of the recent reverse takeover and are well respected .Where do those advocating for a full listing see the advantages coming from,.?
Shan90 .They have enough cash to see them through 2018 and into 2019 based on the current programme.I agree with Dunkelmann that the share price should be much higher as their 100% owned Molyhil tungsten play calculated from the DFS is worth around �40mil.Pilot Mountain ,Pilbara etc are in for nothing.With a current Market value of �15mil I`m more than happy to hold.
I would imagine any tie up would have to value CAML in excess of £3.They have around 13yrs production left on the Western dumps and a cash in hand of around $42mil at last count..They also have a new prospect in Shoak.which could be anything.Their .P/E Ratio is about 10.7 so you would expect this to rise to say at least 12.5-15.0 in an agreed arrangement.Lets hope it materialises.It is more likely to be an unlisted company involved .
CAML is a very attractive investment for a private company wishing to obtain a stock exchange listing by reversing into it. Much cheaper than an IPO and adding a jewel in CAML in the process. All in my opinion of course.
I agree if Chile goes ahead and the addition of revenue from the Western Dumps area scheduled to start production in the 2nd quarter will increase our profits considerably .Being a very small company debt free with the copper price forecast to continue its bull run we could see 260p quite easily IMO.
I`ve invested here through my investment in MTR.who have brought it to my attention.I like the fact that there are very few shares in issue and have what appear to hold good gold prospecting licences over an extended area.If gold continues its bull run this share will benefit more than most in my opinion. I would hope the BOD keep us informed of progress and drill results on a regular basis which anyone invested in MTR have become accustomed.
Until MTR got involved here I wasn`t even aware this company existed..They are shrewd investors and have a large following.Having read the company profile and watched the recent presentation this has further to go I think .Very under valued when you consider their gold prospects and now cash in the bank to continue their drilling programme.My average is 0.26p so am well pleased.
I was under the impression the budget brought forward the date of the end of subsidies from 2020 to august of this year.Hence the sudden loss of interest in this share as it makes a huge difference to future profits and a likely drop in the dividend if they are able to pay one.I took my loss after the RNS announcement ,painful but it now looks I was right in doing so as I can see further pressure on the current level.
The dividend payable tomorrow referred to in the RNS of 15.5e/cents is stated as the equivalent of 13.3925p.The current rate of exchange is around 1.359euros to the £1 which equates to 11.4p.What am I missing here?