Central Asia Metals Share Discussion Threads

[morph7] 02/10/2014 17:57

6 Mill volume today....

[danieldruff2] 30/9/2014 13:42

Well there's all the cash which didn't go on dividends for a start. That would be considerable. Lots of things could happen here with Kenges on the team. They could pick up copper assets in Kazak... or proceed with projects like Copper Bay. Or they could just buy out some other running production project which is suffering from lack of capital.

I am in Namibian copper producer WTI which would be doing a lot more to consolidate copper projects in the region if it were not currently capital constrained, there must be opportunities like that here and there for CAML

[joan of arc] 30/9/2014 13:32

Thanks Wirral for the link. So if Nick Clarke says the divi should go to 8% and we have only 10-12 yrs left then we only just get our money back. That doesn't seem like much of an investment. So what am I getting wrong?

[morph7] 30/9/2014 11:21

Large volume today. Must be an RNS out imminently to see who the seller is.

[wirralowl] 25/9/2014 12:46

JoA,

Think it was this article where the CEO, Nick Clarke mentioned a life of 10-12 years at full capacity:

[joan of arc] 25/9/2014 12:24

Yes very good results. One question for you guys. How long at the increased production rate will the heaps last? Anyone know?

[wirralowl] 25/9/2014 11:34

Hi M1das. Its rare to find such a management team, especially in mining, where there are so many variables! As you say, keeping a lid on the costs is key, but I've every confidence this team can continue to deliver, so its a LT ISA hold for me too.

Incidentally, I make the EPS about 30p, so on a PE of 5.8 after this morning's rise, with a yield of about 5.7%, so good value even at these levels.

[m1das_touch] 25/9/2014 11:06

Agree WirralOwl, the management are doing an excellent job and these are great results. Have these in my ISA for the long-term and happy just to keep collecting & reinvesting the (growing!) dividend, whatever the share-price does. With such low production costs, they should be able to make decent cash profits in most pricing environments.

[wirralowl] 25/9/2014 10:59

Excellent results, with expansion of Kounrad on track, costs under control and a 25% increase in divi too! A big thank you to the Management, its a rare thing to find a team that continually under-promise and over-deliver.

[morph7] 04/9/2014 02:54

Topped up yesterday. Looking forward to news later in the month. Gl allMorph

[morph7] 26/8/2014 14:18

Should be time soon for the next leg up. Dividend numbers out in Sept I think. Any guesses on numbers? Must be ivo 6.5p.Dd2 - I think I read somewhere that the same guy who commissioned the counrad plant is on the ground in Chile looking at the bay project....News of the completed boiler close I suspect as well. Exciting times ahead. Gl allMorph

[capercaillie] 18/8/2014 22:18

Bought into these today. Looks to have risks but a value play.

[danieldruff2] 13/8/2014 23:09

Difficult to get the full import from a Google translate mangle but the story below details the Copper Bay project in Chile, and the usual environmental concerns from the local community - pollution and proximity to a national park. It sounds like there is some dispute as to the pollution present in the Bay already before any mining activity might be allowed to take place.

[morph7] 23/7/2014 21:15

Latest minesite article mentioned over 8% yield not to far away due to the full ownership and increased production, at current share price of course. So realistically taking a price of 160p that would indicate say, a 13p full dividend to give us 8.1%. Working backwards with a 13p dividend, for the yield to be at 5.6% (which is circa today's yield) we'd be looking at a share price of 220pAll in all, happy days.

[the count of monte_cristo] 23/7/2014 16:26

Ok thanks dan. I dont have access to the times but they have the divi rate in their, from memory it was around 6%

[danieldruff2] 23/7/2014 11:40

Well it was 9p for the year just gone but it is a calculation based on returning at least 20% of attributable revenue which is dependent on copper mined and copper price.

With production going from 10500t this year gone to around 16000t in three years time one can see the potential for dividend growth.

[the count of monte_cristo] 23/7/2014 11:28

Whats the current dividend rate?

[danieldruff2] 23/7/2014 09:58

Movement with regard to KAZ assets



Analysts keep throwing the question at CAML as to whether they will get involved with the assets spun off into Kim's vehicle

[morph7] 08/7/2014 11:46

Topped up. Good value to be had I feel at this price. Gl allMorph

[danieldruff2] 11/6/2014 13:30

According to the LSE website, Finncap have increased their buy target today from 234 to 286p - be interesting to know what triggered that.

[regent 1531] 05/6/2014 15:01

Just goes to show some people should'nt be allowed to write in public. If this is not a good company then I don't know what is! CAML are making $1m a week! (Limited
Funding)DYOR

[morph7] 05/6/2014 02:05

CAML email alert just sprung into my inbox. Some numpty from MF wrote the following about our lovely cash machine. Wanted so much to write a long winded comment at the end of the article, but alas, you can't.Funny though that the author is praising the merits of CAML and yet he gets no decent points across. And lol at the final sentence ref funding options...... We are drowning in cash, even after the recent div.Growth sputters? You should really read this.I ran a search for UK companies, a) with a market cap greater than £100m, b) whose adjusted operating cash flow has grown between 70% and 100% in the last year, and c) whose revenue growth was above 20% in the last year.At least a couple of names may deserve attention now and in months to come.Central Asia MetalsStocks of large metal and mining companies have been out of favour for some time, but what about Central Asia Metals (LSE: CAML)?With a market cap of £173m, this is the smallest entity I have identified. A diversified metals and mining company, CAML is listed on the AIM and is based in London. Its stock has risen 16% this year and 35% in the last 12 months. In the last three years, it has outperformed the FTSE 100 by 74 percentage points, excluding dividends.CAML's operating profit turned positive for the first time in 2012, and doubled in 2013. Return on assets and return on equity have risen steadily, while its the balance sheet is debt-free. CAML's operating margin is impressive, and estimates for revenue growth are decent. Still, proper due diligence should be performed on its asset base and its management team. Its free float is only 62.6% of the total shares outstanding. Dilution risk is real because such businesses tend to have very limited funding options at this stage of maturity

[wipo1] 28/5/2014 10:43

A few fund managers have been offloading, Looking at the chart could be a double bottom(Good entry point), I am still watching.

[danieldruff2] 27/5/2014 15:21

That's been my thinking for quite some time but I don't think it's been generally recognised yet. Effectively this is 30-40% upside plus meaty yield if locked in around this level. I have some cash spare in case it drops to 160 again on going ex-dividend this week.

Meanwhile, yet again, the copper surplus forecast by analysts for the current year is disappearing (3 years in a row now if memory serves)