Central Asia Metals Share Discussion Threads

[kmann] 14/9/2020 15:24

BUY THE DRIP

[abid6814] 14/9/2020 15:14

Results Wednesday, not long to wait for greater clarity. May also get more news tmrw.Pleased they were able to address the issue quickly, hopefully no long term damages. One thing that has struck me also is CAML have good relationships with government in both countries they operate in and have otherwise have had a brilliant track record on safety and community relations.

[mount teide] 14/9/2020 15:10

SASA is one of the largest tax revenue generators in North Macedonia, in a region heavily reliant on the mine for employment.

[jonny_five111] 14/9/2020 15:09

Yep. Its not worthy of a £50M drop in MCap thats for sure

[frazboy] 14/9/2020 15:07

The point is, it should never happen. Lead tailings... not great if any significant quantity has ended up in the water course.

[scepticalinvestor] 14/9/2020 15:03

What about the environmental law suits and gov fines that will surely follow?Are you still content to hold?

[jonny_five111] 14/9/2020 15:00

Exactly. Something of nothing

[kmann] 14/9/2020 14:59

"short-term leakage of tailings from Sasa's TSF4 into the local river" ... "The leakage was stopped soon after"

Not exactly like a dam burst drowning an entire village is it.

BUY THE DIP

[waterloo01] 14/9/2020 14:53

Have they just closed Sasa or has it been in shutdown. It reads as if Sasa wasn't operational?

[fuji99] 14/9/2020 14:18

There will be loss in revenues - in addition to any fine - if the plant is closed - and for how long it will remain closed ?

[riverman77] 14/9/2020 14:14

Already more than 10% down which is around 30m off the market cap, so if we are looking at 1-10m fine then the drop already looks excessive, although until uncertainty clears (possibly several weeks) may well drift lower.

[andyj] 14/9/2020 14:11

There goes the uptrend...again.

[fuji99] 14/9/2020 14:10

What will negatively affect the share price is the uncertainty during the waiting of the update. The update on any fine could take weeks or months.

[skeptic1] 14/9/2020 14:10

Ah, great insight based on a 6 line RNS. Please don’t troll this board.

[fuji99] 14/9/2020 14:07

Such accidents result in paying millions in fines - Usually between 1 to $10 millions

[fuji99] 14/9/2020 13:51

Let's hope there won't be any heavy fine that will weigh on the finances and the future. So one has to wait to see what's the impact before dipping in. Apparently it polluted a river.

[zho] 14/9/2020 13:20

Central Asia Metals plc (AIM: CAML) today announces that at approximately 5.00am this morning there was a short-term leakage of tailings from Sasa's TSF4 into the local river. The leakage was stopped soon after and nobody has been harmed.

All relevant parties have been informed in North Macedonia and, in conjunction with the appropriate national authorities, an investigation is now underway to ascertain the volume of leaked material as well as the root cause.

The processing plant at Sasa is not currently operational and CAML will provide market updates as more information becomes available.

[zho] 14/9/2020 13:20

Central Asia Metals plc (AIM: CAML) today announces that at approximately 5.00am this morning there was a short-term leakage of tailings from Sasa's TSF4 into the local river. The leakage was stopped soon after and nobody has been harmed.

All relevant parties have been informed in North Macedonia and, in conjunction with the appropriate national authorities, an investigation is now underway to ascertain the volume of leaked material as well as the root cause.

The processing plant at Sasa is not currently operational and CAML will provide market updates as more information becomes available.

[2603] 14/9/2020 12:23

I topped up this morning, this stock always has a crazy price action. I am expecting a dividend to be reinstated. slow burner but chart is looking good.

[gateside] 14/9/2020 12:03

Good looking company. Added to my watch list. Now to decide whether to buy before or after results.

[skeptic1] 14/9/2020 11:53

Strange price action today...

[mount teide] 11/9/2020 09:25

LME Copper stocks continue to plumb new multi decade low depths - now below 75,000 tonnes.

This is the first occasion LME Copper stocks have fallen below 100,000 tonnes this century - the pace of reduction in LME Copper stocks since the Chinese got back to work during the summer has been rapid, dropping sharply from just under 300,000 tonnes in May/June.