Quite a strong move on copper prices again |
Copper +17% year on year.
+10% YTD. |
The interview was conducted at the Resourcing Tomorrow conference, 3–5 December 2024. |
Link to interview: |
Excellent armchair trader video with the CEO out. Comes across well.
Will be adding here. |
Closed period probably. |
So why are the Directors not buying in volume at this opportunity? |
According to head of IR all operations are running smoothly and they are also perplexed why share price has been dropped so far. |
IMO I still think copper will do well in the long run.
CAML still appearing on my Stocko High Value, High Dividend and within 52 week lows screen. I recently tweaked the screen to include future 12 month projected EPS growth and yes, CAML passes that also.
Added a few more today based on value, but would be the 'icing on the cake' for me to go overweight, if we got increased volumes and improved relative strength soon. Sharescope showing a consensus price target of 224p, so near 50% down from that.
Good luck with your investments here. |
 SLP used to be a favorite of mine. But then there's been the relentless reduction in prices of Pt group metals, especially Rhodium that was driving the profits of SLP.
With those metal prices going up (only slightly though) and with the Cr project coming online, it could be worth looking at again, especially with the current buy-backs.
There isn't a futures market (is that right?) for Rh, so the scope for volatility for Rh prices is high.
The divis for SLP at 1p + 1p is 4.2% yield (Ok, +1p special divi last year). So better than nothing and should be maintained as (surely) Pt group metal prices aren't going to go lower.
My main issue with SLP is what are the underlying reasons for driving up the prices of those metals (and hence maintaining or increasing the divi)? For CAML, the investment case for Cu is clear. It's certainly not guaranteed (who knows how China's stimulus package is going to work?), but with Cu, there is a clear case for investment (IMO).
SLP also have a lot of capital costs in FY 2025, I think.
Even Zn & Pb, when watching an interview with GF from CAML, he talked about the purity of 1 of those that CAML produces (can't remember which one it was), so much better than other producers.
SLP - good presentation here:
Overall, SLP definitely worth another look (especially if your exposure to metals is not too much already), but the main question is, which metal(s) do you think are going to go up in price and why? This is why I invest in CAML and not SLP now. |
SLP. Platinum, Palladium, Rhodium and now Chrome producer. Net cash of $80M. Dividend payer. |
Trump placing tariffs on copper also. Should see a rise in copper prices. |
Same across the board isn't it. Good stocks not going anywhere fast are sold in favour of what's hot accelerating the drop. The government will be sure to step up and do the right thing. When they've tried everything else. Collect divi payers like Caml seems favourite, interest rate drop is being forecast by many. Suggestions as well as Caml: POLR; CLIG; FSFL; TPFG; TCAP. Some that I hold. One I hope recovers its mojo is Jarvis Invetment Management, been under the FCA cosh for a while because some punters have complained that they've lost money using this execution only broker, who knew that you can lose money. Has been a fantastic divi payer. |
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 |
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