Central Asia Metals Share Discussion Threads

[briggs1209] 23/11/2018 13:44

I would be mortified to see buy backs here, it would really go against the prudent approach of the team. Pay down that debt and grow that dividend.

[shanklin] 23/11/2018 13:11

SteMIS

CAML have just tweeted re their CEO having presented at the Minex Eurasia conference which is being held today.

[napoleon 14th] 23/11/2018 12:28

Debt repayment a priority in my book. Safer Balance sheet, stronger company.

[kenmitch] 23/11/2018 12:15

True. And eps will be higher than it otherwise would have been. (Also good for Director bonus pay based on eps!)

The mistake made by so many investors and commentators is thinking buybacks always mean a higher share price. They don't. e.g Apple example in previous post. Also if that was the case we would all win simply by buying in to Companies buying back their shares.

There is a case for buybacks if the Company think the share price is too cheap but many companies buyback regardless of share price. e.g this year is a record year for buybacks in the US with as much as $1 trillion being spent on them.

Note the last time buybacks were at record levels was just ahead of the massive markets crash in 2008. And again the buybacks have been with US markets and US share price valuations at very high levels.

Too many investors and Companies never learn and so repeat mistakes.

I'm very happy with CAML and really don't want to see them buying back their shares. Just hoping there's nothing worrying about them dropping out of Mello commitment at the last moment!

[zangdook] 23/11/2018 11:47

OTOH if CAML puts money into a buyback that will mean less shares for the dividend money to be divided among. I'm not averse to buybacks alongside dividends if the share price is unreasonably low and there's money to spare. Especially as a way of rolling back some of the dilution caused by issuing new shares to pay for assets.

[stemis] 23/11/2018 11:37

There could be all sorts of reasons CAML pulled out. Some good, some not good.

[shieldbug] 23/11/2018 10:15

If CAML puts money into a buyback that will mean less available for dividends/debt repayment. CAML's dividend payments combined with its plan to reduce debt are a major attraction and will support the share price over time. Buybacks would be counter productive rewarding sellers not holders.

[kenmitch] 23/11/2018 09:34

pol123

No. Buyback won't provide bigger boost than divi.

APPPLE are buying back $100 BILLION this year... and recently, despite those huge buybacks, the Apple share price has fallen nearly 25%.

There are loads of similar examples.

So I don't want to see CAML wasting money on them. And the very big dividend yield is a big plus while we wait for the share price to recover.

[pol123] 22/11/2018 22:03

That aside, I hope the management look to exploit the low share price Possible buy back could provide a bigger boost than divi only policy

Copper is bouncing back yet our share price is mired at a 1 yr low

Thoughts

[pol123] 22/11/2018 21:57

possibly, not sure who was due to present though

[eeza] 22/11/2018 21:45

Event is scheduled for next Monday, so very short notice.
Presenter taken ill ?

[pol123] 22/11/2018 21:30

Ether being taken over, or about to takeover another low priced asset

[stemis] 22/11/2018 17:15

Any reason?

[davidosh] 22/11/2018 16:37

Apologies to all but CAML have just pulled out of the MelloLondon event at very short notice.

[ken tennis] 22/11/2018 15:57

MT so looks like CAML are going to do well for a LT hold thanks for the info.
ATB Ken

[advfn_sales] 21/11/2018 17:16

Here is your chance to meet with Central Asia Metals:

Using this unique discount code, ADVFN25, you will be able to get £25 off at Mello London 2018, a 2 day investor conference from the 26th – 27th November 2018 at the Clayton Hotel, Chiswick, London.



Tickets are normally priced at £99 for two days and £79 for one.

Type in ADVFN25 as the discount code.

Many Thanks and take advantage of this premium offer.

See you there.

[mount teide] 21/11/2018 11:29

India becomes net importer of refined copper

Domestic copper production to plunge 61% this fiscal



'With the permanent closure of Tuticorin smelter and shutdown at Hindalco's smelters, copper production may decline further in this fiscal, said Care Ratings report

Domestic copper production likely to fall by 60.7% this fiscal (FY19)

331 kt – production of refined copper seen by end of this fiscal

157 kt – domestic copper production in the first half of this fiscal

843 kt – total copper production in 2017-18

530-535 kt – estimated domestic demand for copper this fiscal

The drop in domestic production during H1-FY19 has led to the domino effect of a sharp increase in the country’s imports and fall in the exports thus turning India into a net importer of refined copper," Madan Sabnavis, chief economist at Care Ratings'

With the copper market on schedule to record a modest deficit for a second year, the globally important Grasberg mine due to cut production by 330,000 tonnes per annum for around 18 months from Jan 2019 as it transitions to underground mining and, global stock levels close to decade lows the copper market fundamentals continue to look highly compelling over a 2-3 year outlook considering that demand is forecast to continue growing at circa 2%-3% a year.

With Grasberg's huge planned cut in copper production this means the industry has got to add some 850,000 tonnes to 1,100,000 tonnes of additional production in 2019(that's 2-3 new mines capable of getting into the World's top ten by production - good luck with that!).

[mount teide] 19/11/2018 09:26

Spam Artist's posts

[fangorn2] 19/11/2018 09:22

2 deleted posts?

2508/ 2509?

[davidosh] 18/11/2018 22:04

Here is the full two day programme schedule for MelloLondon including Central Asia Metals



It is jam packed full of about 75 company presentations, lots of top quality speakers and panel sessions plus workshops to help with investment style and techniques etc.

The pre event fun starts on the Sunday evening with a dinner and investor quiz hosted by John Lee but the main conference begins on Monday 26th November at 9am through to Tuesday 27th in the evening so do come and join us as there are still 97 tickets left...



See you there.

[pol123] 16/11/2018 13:00

Some crazy priced assets. I'm in CAML for mining and RRE for oil. That even makes CAML look expensive...lol (no divi though)

[eeza] 14/11/2018 22:12

May also had a read across from Mining sector downgrade.

[mount teide] 14/11/2018 21:49

Present market cap is only £45m more than CAML paid for SASA.

Zinc and Lead pricing is currently back to the level it was at when the SASA deal being negotiated (spring/summer 2017) - it could be argued that today's market cap is like paying the market price for SASA and picking up a 14,000 tonne a year, low cost copper mine with a 63% margin(2017's result at a similar average copper price to today) for £45m.

[pol123] 14/11/2018 20:01

Yep, picked up another 15k today. Cheap as chips

Even with CU at this price, we are still more than comfortable at this level