Member Info for JTS13

Copper proce has absolutely exploded. Now at levels not seen since 2013 (almost 3.5$). With Orion looking like they've now sold out, caml has got to start moving.
I recognise that LOM is limitation here that will keep out many institutions. But why on earth this isn't breaking 3 pounds soon is beyond me

Thats 5% sold in under 2 weeks and SP went up during that time. Exceptional!
Shame that we are not expecting any positive news any time soon, but now, with copper breaking through multi-year highs and our big seller gone, this has potential to really move

GRID looking to raise 257.25 million. That's more than current MC!

It's great to see a pipeline of 485MWs. Without doubt, battery storage is a growing sector and covid has only shown the urgent need to expedite that growth. GRID has a positive future for sure.

Personally, I've already got enough here so doubt that I'll be participating. Do hope that they manage to bring on more IIs (as they say in the notifications). A little worried that they fall short in this round of funding need to having another one later within the next 12 months. That'll keep a lid on SP if they do that... guess it is the way of these plays though. Still, great divi, and financing will guarantee it moving forward

Fair play. We've moved into overbought territory, however I think this still has a bit of room for movement yet. Anticipating a slower rise to ~80 and then consolidation spanning the 75-82p range.
Had been hoping to build a holding here <60p, but didn't have the cash on hand. My holding's therefore fairly small, but this is an Africa play for me. Hoping that I can just pocket it away for the next decade or so. Will add in time during periods of consolidation.
The big news recently was that we're looking to sell ~4500 tower masts in a bid to reduce debt. Once the debt pile is below 2.0x EBITDA and divis start to rise again, then I anticipate further SP increases.

Very happy with 6p interim divi. It's fairly in line with historical divi. Folks also need to remember that it's based upon H1, which was when (a) commodity prices dropped, (b) onsite costs increased due to covid actions, and (c) we incurred the post-event environmental incident... With these items all now (almost) behind us, future divi should be good.
CAML's always been a cyclical play. Big SP rise pre-divi and then big drop afterwards. However, given our v low SP starting point and it only being just over a week before we go ex-divi, I'm wondering / hopeful that we'll see that historical pattern broken.
We're currently on trendline resistance from the Apr 2018 highs. Once broken, 210-230 comes into view. Pre-divi? Tbh, I hope not. It would be nice to see a rise that holds, gains support and then sets us up for a sustained rise. Last time commodity prices were close to where they are now, this was closer to 3 pounds. Perhaps by the end of next year??
Let's see, but all good news for now

Long-term performance likely determined by broader cycle. A lot of funds and IIs aren't convinced that this is beginning of a new bull cycle for gold stocks, so it remains a defensive play. Historically, larger miners perform better when this is the case. Smaller miners tend to benefit when broader acceptance towards a new bull market emerges. AAZ, SHG & HUM may potentially pre-rerate. But will they rerate at all? Personally, I do think gold prices will remain high throughout the next 18+ months, so am expecting strength in the gold miners, but this view still appears to be held by minority.
CEY will now need a few weeks to consolidate. Gold is looking set to start its attack on the 50-day MA again and break out of the declining ceiling from 9th Aug. As others have mentioned below, a return to $2k by christmas will only help CEY also.
If I wasn't in here already, I'd consider it at these prices. Emotion will pass... As I hold the view that gold will climb, I won't sell at loss either. CEY was the latest addition of gold miners for me, and I'm expecting that a 6+ month hold will see this return to 2 pounds

Hugely disappointing...

Gold miners have always been a hedge for me. But never had one that hasn't dropped less than 30% from entry price. Just my luck

Copper just hit new 2 year high today... CAML still down around 40% from back then.
CAML has always performed quite poorly. Looking forward to divi being reinstated shortly and the recovery road to commence.
Copper miners as a whole haven't really tracked the commodity price. But few are still so far down on the year

Was literally signing on to post the same link.

Big money beginning to move in.

This sector is link investing in Tesla in 2015 and complaining that its not going anywhere... All just a matter of patience

Let's just say that they decide to reinstate divi at comparable rate to past years, i.e. 6.5p. At todays exchange rate, that'd be just under $15m US. Easily manageable!
Personally, I'd be very content with this. Says company is back in business. Keeps our cash on hand position extremely good for event of any potential down-turn. Sets expectation that next years' full year divi will also be returning to full amount.
Sure, they could offer more, but I'm more swayed towards stability than rashness here. 6.5p would do me nicely and set this share up for a re-rate!

Given all the talk about Britain going green of late, it's interesting that this hasn't budget any. Wonder if it's cause GRID still isn't on most peoples radar? Maybe cause it's not a regular stock, so when PIs go to buy and get a warning message they pause and back out? Perhaps cause NAV took a slight drop due to construction delays? Perhaps cause folks don't do research and expect forward divis to be based on last years' numbers, not realising that it's at 7p per annum already? Or perhaps there's still a lingering fear about a potential raise going forward?
Whatever the reason, it's interesting that it's not budged in the slightest, whereas you have a play like IES that went through the roof (obv' i know that they're different styles of play, but both battery storage non-the-less).

Ah well, still looking forward to 6 months down the line. Expecting this to be nearer 120 on the posting of the annual report with a maintained divi of 7p (provided no more delays). Has gotta be one of the safest plays out there at the moment

You'd somewhat hope it's II buying or news leaked somewhere (given key partners are in Asia, that's also highly likely) otherwise this rise is starting to look like a traders galore
35-37.5 has more resistance levels in it. Will take something meaningful to break

Tbh, gradual 2-5% per week are preferred. These spikes don't usually hold & lots of PI's get caught out.

ATB to the LTHs!

has been a long time since this had real upward momentum... On the weekly chart there was a gap from 26.75 through to 30 which looks like we've thrown through. Why though? Maybe Ganfeng review has positive findings?
Ach well. I sold out of mine a while back, but kept my daughters holding here. Not planning on selling that until 10 years from now, so whilst this is enjoyable to see, doesn't make much difference compared to where I'm looking for this to go

All needs to be taken in perspective. Re: Dividend, I could see an announcement on this coming before the end of next week. Why? Firstly, because CAML traditionally provide a Q3 update early-mid October and this is natural time for providing such an update on the dividend. Secondly, because the parameters set out in the interims for determining the 'when' to make the announcement have now been officially achieved (I quote: "We had therefore planned to reinstate our dividend. However, given the recent TSF4 leakage, we have decided to delay declaring our interim dividend pending further clarity on the likely cost and timing on rectifying this issue, and we aim to provide an update in the near term").
Given that actions are scheduled to take approximately 1 week, I can see management holding off the Q3 update until these key actions are completed and then providing both the Q3 & Dividend update simultaneously... For me, it's not a matter of IF, it's a matter of WHEN.

Otherwise, CAML SP needs to be taken in perspective with both copper prices and the technicals. Copper took a steep dive as China went into hibernation for Golden Week last week. CAML SP has a strong relationship to this. Additionally, CAML traditionally moves slowly in any direction - especially when heading north. It's managed to close above the 4-HR 50MA for the first time today since the drop. That's a key threshold crossed. We're now sitting on the rising 100-day MA, but have both the 50-day and 200-day MAs creating a ceiling at 167/168p respectively. 160p has been an important threshold to close over as traders using the Fib retracement would have been using 160 as an initial ceiling for retracement. 169 has the make-up of being another one... Anyway, my point is, CAML has loads of technical barriers to cross before it can break into the 170s and above. It's possible that dividend news may make CAML "gap up", but who knows how long it will really take... Eitherway, pretty confident that when I look at the SP 12 months from now it will be closer to 250 than 150 (assuming commodity prices haven;t crashed between now and then)
All the best (+IMO of course)

Currently sitting on 200 daily average... this is a major support and expect a lot of traders to buy in here for a bounce.
If it breaks though, could be trouble...am holding personally

Agreed @Gerry.
Equally, I'm now slightly more uncertain than a week prior. Why? As the jitters of this past few trading sessions has shown that there is increasing uncertainty in the broader market. There's potential that some investors / IIs might have decided to apply for less than they may have a week or 2 earlier.
We'll see soon enough. I'm hoping for an oversubscribed application myself in order to see return to 140p+

I wouldn't expect it to drop below offer price @Gerry.
Thing is, 3rd interim is generally in November. So a good chance of getting some SP growth between 1st October and then. As you say though, this is more of a dividend play than a growth play.
Note that whilst the RNS stated that they want to issue up to 750 million shares over the 12 month period (which sounds bad) it looks like they're wanting to get it all done in a single tranch. IF they can pull that off, then much more chance in seeing this return to 140+ by end of the year

An exceptional set of results. Certainly beyond what I was hoping for. Kounrad performance particularly was top notch, with minimal impact despite poor copper prices, covid costs etc during the period.
I like also the exploration on renewable power. Given increasing ESG focus these days, these moves should hopefully help set caml apart from the crowd and start bringing the valuation back to something more sane.
Obvious shame about dividend, but correct course of action. Tbh, I don't really care about the 3/4p dividend itself. The message is much more meaningful. Full divis are back on as soon as this site issue is resolved!
Commodity prices souring. Divis coming back. Debt down again. Increasingly attractive to esg investors. Site issue looking not tooo serious.
Feel another top up coming

A bit surprised by the extent of the sell off tbh. Congrats to whoever sold out quickly and is able to buy in lower.
Easy option would be to skip dividend and that'd over whatever costs involved I'd expect. No?
Ah, well, we'll see what happens soon enough. You'd of though coppers just crashed 20% and we lost a mine at this rate

10% drop?
Sounds like they acted quick. There will obviously be expenses, but equivalent to 10% off MC?
Update on 16th will provide more understanding of overall corporate position, potentially more on this then too. Worth waiting