Something doesn't seem right here. But then I feel much the same about most of my UK shares the last month or so! |
 2603, I have to differ with your view that CAML should move to the Main Market and would be interested in your reasons why you think it would be better served.
My reasoning is as follows:
1, Although it's listed on AIM, it uses the SETS trading service which enables brokers to place an order on the order book, if you wanted to use a broker who offered other than execution-only trading. You will see trades shown as AT, the same as institutional trades where trades are between just two parties.
2, For online execution-only trading you can still use the market makers retail service which will quote a price and show on the LSE as an off-book trade.
3, Having this alternative to a small number of market-makers gives a smaller spread most of the time but liquidity via a market maker as a back-up. So I don't agree with your claim of manipulation being a problem peculiar to AIM which would improve on the main market.
4, The costs of a main market listing are considerably higher because of the extra rules and regulations I believe and these costs would have to be born by CAML |
2603 it's a balancing act isn't it? On one hand if a share price is always strong, there's never an opportunity to buy. On the other, being on AIM perhaps reduces a company's credibility and therefore its share price. How many main market £300m+ cap companies are paying a sustainable 10.6% dividend?
It might drop a few more pence, but assuming no nasty surprises with production numbers my money's on 170 being a good entry point. 10.6% annual divi and potentially 10-20% capital growth in the short term. |
Entered 172. Looks pretty safe bet around here plus lovely dividend too. |
This stock has to get out of the Aim market so it can stop getting manipulated |
The only copper stock that’s down!!! With the best % divi. This doesn’t make sense. |
Compared to this time last year CAML's pool of metals today are 15% higher, and its been like that for a while. The $/denar/tenge is also helping with costs. |
To the 150s like last time? Copper price has been strong though, so they're making good money. Currently $4.45 / lb. It was down at $3.85 when CAML bottomed out at 152p in Feb/Mar '24.
10.6% divi yield makes it very tempting to buy now. Especially in the knowledge that they're making more money now than in H1, when they were happy to declare 9p interim divi. So should be a pretty safe bet to be maintained. |
Copper surging and this is tanking. |
How much lower can this go.....am I misssing something? |
Don't under-estimate the importance of a good nickel/copper sulphides discovery in Scotland. These things are as rare as rocking horse poo.
If there is a viable deposit there I don't think the usual permitting/nimby stuff would apply, as these are "green" metals. |
From the Aberdeen Minerals website. It's a private company, so there are no RNSes or anything I was just periodically checking the website. |
Where did you get info from re the drilling? Thanks |
Aberdeen drilling is complete. Looks good, assays to follow. |
copper suddenly pumping |
Sellers everywhere right now it seems |
Getting dropped on a piddling number of trades. Big retreat from 200 recently. Why? |
There’s deffo a seller in here, they have been here a while. |
copper looks like it wants to head up again |
Indeed, but one thinks they might be making the same mistake on the project in Scotland. I'd just prefer they do a much larger deal and buy a third mine and make that transformational leap, as opposed to wasting time on a project in Scotland which will just get blocked by the environmentalists there, years down the line. |
CAML does keep an eye on EST, but CAML has already appointed its own exploration team in Kazakhstan. The no-growth problem has been very much taken on board, but CAML is way behind ATYM in that regard.
The Copper Bay project in Chile simply was not a good project. It needed two copper plants (oxide and sulphide) for a relatively small resource. Also, there was the unquantifiable Tsunami risk. The numbers did not stack up and so CAML wrote it down to zero. CAML still holds toe controlling shareholding if anyone wants it. |
True, CAML invest in projects like the copper project in Chile (that went well) and the Scottish one which will never happen. Buying an actual resource in Kaz would be crazy, right. |
Had a quick look at EST. Looks like another AIM lifestyle share. Not my cup of tea but perhaps CAML might be interested as they get even cheaper! |
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