10-15 years mine life left.
This is the No1 holding for Share Money on X. |
The price-to-earnings ratio of a producing miner should be lower than that of a manufacturing or service-providing company, according to how many years of reserve it has. Unless it can keep acquiring new assets cheaply enough, a mining company has a finite life, and is appropriately valued by the (discounted) future stream of earnings from its existing assets. |
Bought more at 151 and 154 |
Yep nice. I took some more at 151p yesterday.
I think 9p + 9p divi is a good compromise of returning capital to shareholders whilst maintaining an increasing bank of cash for a super high quality acquisition.
They give Kounrad LoM for 10 years, but more likely 8 years with the 18p level of divi. That still covers any purchase at this share price.
Sasa will go for 5 years longer (with maybe a 5p plus divi), which is then a bonus when buying at this share price.
We then own the cash pile, or it gets transformed into another 15 year divi machine!
If you have a capital loss, averaging down at 150-155p could be a decent strategy... |
Nice little recovery. |
P/E is now just 7. Ridiculous for any company but even more so for one with NET CASH! |
I get the dividend appeal, but I imagine everyone here is sitting on a capital loss, for some a quite hefty one. Will we all be here in a year's time raving about the 18p 20% dividend yield? The management need to deliver shareholder value, I think acquiring a Kounrad quality operation is not going to happen and another purchase like SASA is a waste of time. Running down the life of the mines and returning capital to shareholders is my preference. |
A good logic XAMF.
The dividend alone is very compelling to accumulate and hold for the long term. |
Topped up this morning. Banking on good support at 151. Assuming last years 18p dividend remains for this year then >11.5% return. |
It's definitely due a good move beyond 170 |
Could be about to pop out here |
Cu daily report:
Copper futures rose above $4.42 per pound on Friday, reaching a two-month high and a second consecutive weekly gain amid expectations of higher demand in the world’s top consumers. New data showed that China’s industrial output rose much more than expected in December, while stronger indicators in broader economy backed optimism that pledges of stimulus from Beijing are having a greater impact in spending. This coincided with data showing that imports of unwrought copper rose to a 13-month high in December, a near 18% surge annually to indicate that refiners are refilling inventories in the backdrop of higher orders. Exports from also gained traction as foreign companies attempted to undercut potential tariffs from the incoming US presidential administration. On the supply side, Chile has revised its copper production forecast, now expecting 5.54 million tons by 2034, down from the previous projection of 6.34 million tons.
Worth reading. |
Rio Tinto and Glencore in merger talks. |
Look at copper go!https://www.tradingview.com/symbols/COPPER/ |
When whoever has been putting pressure on it since the recent updates - clears off- away up past 180 we go imo |
The chart has now a double bottom which is another good sign for a rise from here. |
Copper looks really strong. Feels like someone has been clearing out here judging by the offer size at times. Probably a big print shows up and away we go! |
Based on what facts exactly ? Or is it just at the flip of a coin ?
The same Berenberg gave a Buy rating a few months ago ...
Things are actually better today for CAML.
So I would always take any recommendation by these charlatans with a pinch of salt, whether it's Berenberg or anyone else.
10-Sep-24 Berenberg Bank Buy - 230.00p Reiteration |
BERENBERG CUTS CENTRAL ASIA METALS PRICE TARGET TO 180 (190) PENCE - 'HOLD' |
Copper +10% this week and this is down? |
If they can mine more silver, it will really be another big plus as its price is going up too. |
Fuji. All valid points. Certainly today's buyer should be well rewarded. |
Interesting to see the silver volume going up too:
Note that we are also involved in silver which can also grow and add more income.
"During Q4 2024, Sasa sold 98,468 ounces of payable silver to Osisko Gold Royalties, in accordance with its streaming agreement, bringing the total for 2024 to 379,010 ounces." |
Agree Tricky Red but my assumption was mainly for someone starting investing today. |
"Indonesia’s move to cut its nickel mine output could strip more than a third of global supply from the market, said Macquarie Group Ltd., showing the risk of an enormous price hike."
www.kaohooninternational.com/markets/550647 |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
