Central Asia Metals Share Discussion Threads

[blueball] 09/12/2016 17:31

Fantastic chart stay long while copper is high.

[mr.oz] 08/12/2016 17:23

Looks like BB only got it wrong when advising to sell
Someone made their own mind up today which held us back a bit
The trend is still our friend

[blueball] 07/12/2016 20:20

stay long.

[warranty] 07/12/2016 18:11

Could be a good increase in the current yield or even a special dividend if free cash goes up enough.

[shakeypremis] 07/12/2016 12:11

bit of a mini break upwards occurring now.

[mr.oz] 07/12/2016 07:37

Good post thanks
Would be nice to see some Tech Analysis of the chart from anyone?
Looks nicely poised to me

[ntv] 05/12/2016 19:52

i guess it is down to the gearing to the copper price
here we have no debt where as other producers have large amounts of debt
so they benefit from the leverage effect from gearing to the copper price
still they don't get the same dividend and a strong balance sheet
if there is a downturn, this is a safer option and hopefully we keep the dividend
but also i don't think the market has quite taken in the increase in production this year and the prospects for 2017. or maybe the big boys know something we don't
presume there will be an update in early january
always a chance for a takeover maybe from a company or a fund that thinks it can make the assets sweat more

[mr.oz] 05/12/2016 13:03

Chose here instead of KAZ to double up., last week
Doesn't appear to be working ;-)

[shakeypremis] 01/12/2016 12:51

Does anyone have the full article from Shares Magazine?

Cheers

[ntv] 28/11/2016 23:04

strange, most other copper producers have risen 40% since mid September but not this one

[lord gnome] 26/11/2016 17:56

IC email comment from 23 November:

Shares in Central Asia Metals (CAML) have gone on a mad run in recent weeks, thanks to a surge in the copper price. With its already significant free cash flow likely to swell further, the miner has at least found growth potential outside of its Kounrad mine. For $2m, the group has acquired the Shuak copper property in North Kazakhstan – a Soviet era resource with exploration potential and which like Kounrad “may be amenable to copper production by solvent extraction - electrowinning processing”. Our recommendation is under review.

[zaphod99] 26/11/2016 17:18

If anyone is interested in getting in early on a copper/gold/silver/tungsten mining project in Idaho, USA have a look at Phoenix Global Mining



IPO on AIM planned for Q1 2017 but chance to get in pre-IPO on more favourable terms.

This looks like an exciting project with plenty of upside potential.

To find out about the terms on offer have a look at post number 7 on the above PGM forum which is from Richard Wilkins, CFO & Director.

[ntv] 25/11/2016 15:35

daniel
company has stated that they have enough copper to be mining beyond 2030 but i guess that is subject to licence extension
bit like oil companies once they have production it is easier to explore for new assets and use cashflow to start to build up production from those as per recent farm in with 80%
debt free and pays a very useful dividend

[mr.oz] 25/11/2016 14:58

700k roll over, . Someone keen to keep hold

[danieldruff2] 25/11/2016 13:56

However if you assume they have 15 years left at Kounrad and fail to start any other projects, you would also have to factor in a yearly decline as their mineable resources fade to zero.

[shakeypremis] 25/11/2016 13:45

From this report:

hxxp://quoteddata.com/wp-content/uploads/2016/09/160913-CAML-Update-QD1.pdf

After reading the report I noted that the NAV came out at $347m, which equated to £263m and a price per share of 235.5p. Their calculations used an exchange rate of $1.32/£GBP. That rate has since decreased to $1.24/£GBP (today) which now gives an NAV in sterling of:

£279 (6.08% more)

So I make the price per share adjusted for the new exchange rate: ~250p

[qs99] 25/11/2016 08:08

great thanks Mr Oz much appreciated

[mr.oz] 25/11/2016 07:58

Intro


This year’s commodities slouch is playing catch up.

Copper has suddenly burst into life, surging 14 per cent this month to above $5,500 a tonne as investors start to pick apart widely-held assumptions about the underlying dynamic for a metal used in everything from wiring to power grids.

The concern over a wall of supply from projects commissioned in the aftermath of the financial crisis is fading just as more optimistic views on demand in China and the US emerge.

Even Goldman Sachs — the most consistently negative voice on copper over the past couple of years — has turned more positive, conceding the 23m-tonne-a-year market will be broadly balanced this year.

[qs99] 25/11/2016 07:55

sorry premium content MR.oz, would you mind summarising> thanks.

[shakeypremis] 24/11/2016 16:03

Looks like this is starting to come on to people's radar.

[ntv] 24/11/2016 10:40

each 1 cent increase in the copper price adds approx £300k to pretax based on 13,500 tonnes per annum so the recent 40 cent increase in the copper price is rapidly increasing profits though we will have to wait to see whether copper price holds up here
of course it also works in reverse

[ntbb] 24/11/2016 09:16

Market hasn't grasped the value of this beauty, no debt pays dividends and has cash with increasing production this looks dirt cheap

[qs99] 24/11/2016 08:17

copper storming ahead again, DYOR but this share does not look like it is reflecting these moves....let's see if market wakes up, or I'm wrong which is a possibility!