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Not as catchy as opec. Could be good near term news for U. http://oilprice.com/Alternative-Energy/Nuclear-Power/This-OPEC-Strategy-Could-Boost-Uranium-Prices-Next-Year.html
"I presume that that the company is more concerned with its own growth and investibility rather than your IHT position." Presume whatever you like. Your statements are simplistic and offer little insight or information. I've been invested here for a long time, but without the company offering some justification of a move to a different market I would not support it. I acknowledge some of isengard's points, but would also suggest that some of the positives could also be seen as negatives - tighter rules can on the face of things be good for investors, but can also lead to higher costs. I'm simply of the opinion that CAML has performed very nicely on AIM for several years now, I don't see the need for change. As regards the stability point this is true(that it can be influenced by place of listing) to a degree but also probably goes hand in hand with larger companies, where as the majority on AIM are smaller.
A company can grow without moving it's listing, there are no inherent limitation to this on AIM. It might make fundraising easier, but I'm not aware CAML have had any issues with that anyway. AIM is a relatively young market and the 1bn+ miners are not exactly a new crowd. There is no reason AIM cannot host a multi billion dollar miner.
Why? Is the access to funding the company has inadequate? There are far bigger companies than CAML still listed on AIM and doing well. I accept there are some benefits to a main market listing, there are also downsides, such as loosing the IHT break and I assume costs are likely to be at least marginally higher. Interested to hear what is behind your statement.
It will loose all shareholders the(potential) IHT benefits they will enjoy while this is AIM listed. It's hard to know for sure if it qualified for exemption, but it seems likely it would. Personally I don't care whether more institution can buy the share or not.
Why would it be a logical move? Personally i prefer the implication of this remaining AIM listed.
From the telegraph article someone linked to: He said the company, which has a market capitalisation of $284m, may consider a move to London’s main market in the near future. Any views on this?
Nothing new but may be of interest to anyone looking at these: http://www.stockopedia.com/content/sif-portfolio-can-central-asia-metals-deliver-a-copper-bottomed-profit-162253/ And kounrad on google maps. Like the way you can see which bits they were leaching at the time: https://www.google.co.uk/maps/place/Kounradskiy+100000,+Kazakhstan/@46.984811,74.9794651,5458m/data=!3m1!1e3!4m5!3m4!1s0x426f864ddad70b19:0x529822494ac1bd9d!8m2!3d46.95916!4d74.991318
I had good expectations here, but as usual this company seems to have surpassed them. Plenty going on in q2, so should be a reasonable news flow.
Jumped a bit on close!
Average sale price per lb is probably not going to be much different h1/h2, and looks like it'll be a bit worse than 2015. I take your point that the pickup in price was quite late in the year. However a couple of thousand tonnes more produced in 2016. And if they're producing at $0.6/lb, hopefully caml are more insulated than most to a bit of a depressed price.
Has this company ever put out a bad set of results? I reckon they'll be solid. Escondida getting back to business for now, but this and other disruptions have got to have had a sizeable effect on supply already this year. It'll also be interesting to hear what's going on at the exploration project, caml have a(albeit fairly short) history of just getting things done(under budget and ahead of schedule). @ shakeypremis - the tenge is still significantly weaker against the dollar. Ok it's picked up marginally, but in the context of how far it fell, not much really. http://www.xe.com/currencycharts/?from=KZT&to=USD&view=5Y
@ albus - probably due to uncertainty surrounding the queensland cyclone. Although it's not clear if Kestrel has been impacted. Medium/long term the worst case impact for apf imo is a slight pause in mining. If the closure of other met coal mine pushes prices up further apf could be a major beneficiary. Results seem good, this year has the potential to be even better. Looking forward to q1 results. Lots to look forward to - such as other acquisitions and salamanca/groundhog due to come online next year. Happy with the divi at 6p for this year(prudent).
Thanks for the explanation! Be interesting to see how things unfold at Escondida. http://uk.reuters.com/article/uk-chile-copper-escondida-idUKKBN15U27B
The next dividend isn't for a few months and hasn't be declared yet I don't think. http://www.stockopedia.com/share-prices/anglo-pacific-LON:APF/dividends/ http://www.proactiveinvestors.co.uk/companies/news/172709/anglo-pacific-upgraded-after-denison-uranium-deal-172709.html
Can anybody tell me in a nutshell what the court case is about? Or does anyone have a link to a resource with some information about it? I've looked a bit, but still struggling to understand what's going on and what's likely to happen.
A good set of results for q4. Hoping the q1 results'll be even better.
Interesting. I hold CAML and APF so would agree they have performed well!
Looking back this year we got a 2015 production update RNS Jan 6th - hopefully we'll get a similar update in 2017. > News on copper bay feasibility study > Hopefully news on beating the upper 2016 production target(14,000t) > News on Kounrad mine expansion, expected significantly under budget > Outlook for 2017 > Maybe some news on the new acquisition in Kaz
Yeah could be. Also could just be newer management don't feel a hzm royalty is the right way forward. I suppose with something like that if you are considering realising the option - it'd be advisable to wait till the last minute to make the most informed decision.. but who knows! All blind speculation! I also emailed them before I saw your message :)