Central Asia Metals Share Discussion Threads

[joan of arc] 07/11/2019 10:54

Why does the share price of CAML so often go in the opposite direction to that of the price of copper? Today is a classic example.

[coxsmn] 04/11/2019 19:30

we are up 21% from the August low and expect the recovery to continue. Trump will agree a trade deal with China in the not too distant future.

I continue to add here and rio, both offer excellent value.

[linton5] 04/11/2019 09:52

Poor performer compared to other commodity shares I’m surprised to say the least,just passing by

[arf dysg] 18/10/2019 22:59

Oh, look! Post three thousand... let's hope it isn't used for something trivial.

[davroc] 12/10/2019 17:48

Lord Gnome. Think u missed a NOT.

[lord gnome] 12/10/2019 11:41

nap - it's 'We shall not, we shall be moved'. Which football ground did you go to? ;-))

[lauders] 12/10/2019 06:43

Not sure if the latest presentation has been shared here yet, but believe it hasn't per a quick search:

LOOKING TO THE FUTURE

Capital allocation

▪Deleveraging
‒H1 2019 debt repayments $19.2m principal plus $5.2m interest
‒2019E debt repayments, $38-39m

▪Returns to shareholders
‒H1 2019 dividend, 6.5p
‒40% of FCF
‒2019E, 30-50% FCF

▪Looking at growth options
‒H1 2019‒2 site visits undertaken, 6 signed NDAs, 17 opportunities screened
‒Looking to acquire with manageable balance sheet implications
‒Attractive commodity exposure (ideally copper)

Some nice slides. The above is taken from #25.

[kenmitch] 08/10/2019 14:37

Shares across the mining sector are weak, thanks to US/China trade war and slowing world economy including key mining sector buyer China. So CAML likely to continue to do nothing until that changes, unless a bidder pounces while the share is a bargain. But CAML is a great longer term lockaway with big dividend while we wait for share to do well.

On a 2 year view current share prices for the likes of CAM, KAZ, FERREXPO and RIO and BHP will look a steal. Patience needed and currently mining sector is not the best for quick in and out trades.

Short term more downside risk, and a chance perhaps to top up CAML around 180p. Better still if the price goes even lower. The lower the sector goes the bigger the upside in next mining sector bull marke.

Remember the likes of KAZ and Anglo American went up 10 fold in no time from the late 2015 lows.

[napoleon 14th] 08/10/2019 14:26

Good news indeed, yet the shares carry on chanting

"we will not, we will not be moved!....."

[eeza] 08/10/2019 07:07

TU - RNS

" Nigel Robinson, Chief Executive Officer, commented:

"I am pleased that we have once again delivered on track production from Sasa and Kounrad, and to report that we have had no lost time injuries at either operation during Q3 2019."

[zangdook] 08/10/2019 07:05

Good to see an update where everything seems to be on track. Perhaps the share price can recover a little now.

[podgyted] 07/10/2019 17:04

RBC raises target price to 305p from 290p

[lauders] 04/10/2019 02:42

Personally hope that CAML doesn't acquire Caledonian Mining. Zimbabwe is not exactly top of my list for a safe jurisdiction either. Sure there must be better places CAML can investigate? Would they consider any type of metal or stick with Cu mainly? I know we have Zn and Pb now but Cu is the main focus. Seems a stretch to consider a gold only mine in a risky country.

Commenting on his appointment as an independent non-executive director of Caledonia, Mr Clarke said:

"I am delighted to join Caledonia’s Board at this exciting time in the Company's development.

“It is testament to the strength of Caledonia’s management team that, in what has been a turbulent period in Zimbabwe, the Blanket Mine has operated successfully, Caledonia has continued to pay a regular quarterly dividend and the Central Shaft project is nearing completion.

“I look forward to being part of Caledonia’s Board and working with my fellow directors and Caledonia’s management team to support Caledonia’s profitable growth.”

About Caledonia Mining

Caledonia’s primary asset is a 49% interest in an operating gold mine in Zimbabwe (“Blanket Mine”). In November 2018, Caledonia announced that it had signed a legally binding sale agreement to increase its holding in Blanket Mine to 64%, subject to receipt of, amongst other things, regulatory approvals. Caledonia’s shares are listed on the NYSE American (symbol: CMCL) and on the Toronto Stock Exchange (symbol: CAL) and depositary interests representing the shares are traded on London’s AIM (symbol: CMCL).

As at June 30, 2019, Caledonia had cash of approximately US$7.9m. Blanket Mine plans to increase production from 54,511 ounces of gold in 2018 to approximately 75,000 ounces in 2021 and approximately 80,000 ounces in 2022; Blanket Mine’s target production for 2019 is between 50,000 and 53,000 ounces.1 Caledonia expects to publish its results for the quarter to September 30, 2019 on or around November 14, 2019.

[shieldbug] 03/10/2019 14:42

Acquisition is possible.

Caledonian could be about the right size, is probably undervalued, share price going nowhere, is profitable, has growth potential and would add gold to CAML's base metals. It is in a problematic jurisdiction and has a terrible recent safety record. Nick Clarke has some experience in that part of the world. Possibly the board think it would release value as part of a group.

I wouldn't buy it as it is.

[coxsmn] 03/10/2019 12:26

Acquisition target?

[shieldbug] 02/10/2019 10:34

Interesting that Nick Clarke has joined Caledonia Mining as a Non Exec. Shouldn't there be an RNS announcing directors interest here?

[masurenguy] 27/9/2019 08:20

New Peel Hunt note issued this morning with a Buy recommendation and a 310p price target.

[optastic] 21/9/2019 19:27

Suggests further tightness in the market for both Chile & Peru

hxxps://www.mining-journal.com/research/news/1372007/peru-copper-outlook-mixed

[optastic] 19/9/2019 21:25

2.5 Yrs dept will be paid off. This is banker all day long. Even if metals stay at todays rate we can look forward to 7% divi. As the debt reduces the Sp will also lift. Win win all round. I expect 2 years of healthy divi and an share price ~£3, purely based on todays fundamentals

Then we will be probably looking at a purchase and more growth.

FYB

[bogdan branislov] 19/9/2019 10:31

Yes, decent figures, quality company and outlook for Cu price is very solid. Best of the UK listed Cu miners by far in my view. Antofagasta is also quality but way too pricey. Kaz carries a huge debt burden and is cheap for a reason. Happy to stay around with CAML. I was particularly impressed with the small divi cut in the last year. Many companies would rather hold up a bank than cut the divi. CAML just look at the numbers and stick to the generous agreed level of cover and set the divi accordingly. This is management that you can trust I feel.

[the deacon] 17/9/2019 17:25

Interview on today's interims:https://youtu.be/BTHreOB4048