Central Asia Metals Share Discussion Threads

[cfro] 07/1/2014 18:23

Thanks guys.

The impression im getting is that Kazak is quite politically stable and holding some of the largest Copper deposits in the world, they know they need a mining industry to be stable and creating jobs/GDP growth etc.

[danieldruff2] 07/1/2014 16:33

IMO the country-specific risk is already in the price and it's a risk that will always be there. I think this would be much higher if in a more stable territory, broker targets are around 220-230p.

Kounrad is a superb cash cow - they are able to finance expansion, new projects, dividends, special dividends and share buybacks all off this one project and they still have nearly 50 million dollars sitting in the bank - and that's after 18 months of production, this could continue up to 2030 just off Kounrad. If the management play it right I think this could grow into a significant mid tier miner in future years, maybe moving to a full listing.

[henryatkin] 07/1/2014 16:17

Nice share price rise into the close :-)

[henryatkin] 07/1/2014 16:14

cfro...I've only been here a few months myself since last July but as I understand it if you cast your mind back to when we were showing interest in GDP I think the risk's are similar. GDP was focussed on gold rather than Copper but both companies recycled previous pit waste tailings with similar technology which makes them both very cheap producers. GDP's share price hit the buffers with S African mining strikes, security issues with the locals and wage reforms plus Kenya government mining reforms halting the companies planned project there. Imho Kazakhstan is no more stable or unstable than S Africa or Kenya and all three are known for various levels of corruption. That's where the downside risk appears to me - par for the course in mining and oilers. As for licences I think they are safe. The tailings containing copper sulphides come from a very large former open cast copper mine which was state owned. CAML own 60% of those rights and the state company SEC SaryArka hold the remaining 40%. In todays update we are told the company is confident that they will soon be able to secure the remaining 40%. Kazakhstan itself is politically quite stable so I don't see that being a problem. I think that about sums it up but longer term holders may be able to correct any errors on my part.

[cfro] 07/1/2014 14:21

I bought in today on the back of the update. Attempting to do further research here, anyone know how secure their licenses are given that they do operate in Mongolia and Kazakhstan?

[fangorn2] 07/1/2014 11:12

Decent update. Worth nibbling on any weakness if one missed entering first time around.(Which I did!)

[henryatkin] 07/1/2014 07:22

Great update........................................

Production for the 12 months ended 31 December 2013, the first full calendar year of operations at the Kounrad SX-EW plant following the completion of the construction phase in late April 2012, was 10,509 tonnes of copper cathode, exceeding the 2013 target by 5%.

Sales of copper cathode during 2013 totalled 10,665 tonnes of which 10,500 tonnes were sold through the Company's off-take arrangements with Traxys and 165 tonnes were sold locally in Kazakhstan. The CAML Group's cash balance as of 31 December 2013 was US$47.9 million.

In 2014 the Company will commence the process of increasing capacity for the plant with a number of planned capital programmes. The initial upgrade to the plant's infrastructure will consist of the installation of two additional coal fired boilers at a capital cost of US$2.2 million, bringing the boiler capacity to 14MW which will facilitate an increased throughput in copper bearing solutions during winter operations. These additional boilers will enable the Company to increase its 2014 production target to 11,000 tonnes of copper.

Additional capital programmes aimed at further increasing the plant capacity will be announced following completion of the transfer to CAML of the remaining 40 per cent of the subsoil user licence associated with Kounrad...................

We have been producing copper at Kounrad for 20 months and have returned over US$21 million to shareholders during this period. The Company intends to maintain its dividend policy going forward and has the cash resources to undertake any planned capital programmes to increase production at Kounrad without compromising this policy."

[henryatkin] 02/1/2014 15:40

COPA making a six month high - bodes well.

[dell1234] 28/11/2013 08:52

Big article in today's new issue of Shares on CAML

[philo124] 20/11/2013 22:19

Haven't checkede these since I bought as in the middle of moving house; nice surprise to be 10% Up.

[craigy] 20/11/2013 21:51

hxxps://research.canaccordgenuity.com/_layouts/researchnoteviewer.aspx?pubid=98123

from july with old target 210p

[philo124] 12/11/2013 10:36

Canaccord note and Buy revised up from 210p to 245p today.
FinnCap 222p today as well.
I'm in now.

[the count of monte_cristo] 09/11/2013 10:16

OK thanks daniel.

[danieldruff2] 09/11/2013 09:59

I suspect so, bit of institutional churn over the last few weeks, might still be ongoing.

[the count of monte_cristo] 09/11/2013 09:46

Any reason for yesterdays more than 10% price decline? Just profit taking after a good run?

[mrwhits1] 01/11/2013 20:01

A sell rec by the chronic is worth doubling up on!

Great contra sign in my opinion, as a continued hold.

Personally if i see a fcast p/e of 12 for 2014 then i will sell, were only on 11 tomes for 2013 with a fcast eps growth of nearly 40%, so some way off yet.

Regards

Mrwhits.

[danieldruff2] 01/11/2013 19:21

A sell rec in the Investors Chronicle - on the basis that the shares are fully valued - is probably to blame for a little weakness today. Seems crazy to me now that they are moving through the hoops for 100% of Kounrad and further expansion. Edison are valuing them at 305p should they expand the site.

[henryatkin] 23/10/2013 07:43

Hargreave Hale over 5%, encouraging. Might attract some attention.

[danieldruff2] 15/10/2013 07:28

minesite.com/news/central-asia-metals-pays-another-us-5-4-million-out-to-shareholders-as-production-continues-on-track-in-kazakhstan

[welsheagle] 10/10/2013 19:35

Thanks, danieldruff

[welsheagle] 08/10/2013 18:23

danieldruff,
Was the audio positive.