Central Asia Metals Share Discussion Threads

[podgyted] 24/4/2021 11:46

All looking good?

[vish65] 22/4/2021 18:25

125k after close buy.

Large buys have been booked after close everyday for the past 7 to 10 days.

Need to let this work itself out and then we'll move on from these levels

[podgyted] 20/4/2021 01:30

Strange price action generally today. Most miners down when all major metal groups up.

[mount teide] 19/4/2021 07:51

Copper hits $4.28/lb - up 123% from the 2020 low.

[qs99] 19/4/2021 07:49

And copper off again to the races this morning it would seem. DYOR

[qs99] 16/4/2021 11:42

Indeed. Copper price remaining v. robust

[flagon] 16/4/2021 10:37

Nice pop today :)

[lauders] 16/4/2021 10:34

Good to remind some about the dividend dates:

In conjunction with CAML's 2020 annual results, the Board proposes a final 2020 dividend of eight pence per Ordinary Share, which represents 57% of free cash flow and is therefore above our stated policy. This demonstrates a strong end to 2020 for us and a positive start to 2021, particularly in terms of commodity prices. This brings total dividends (proposed and declared) for the year to 14 pence (2019: 6.5 pence) payable on 25 May 2021 to shareholders registered on 30 April 2021. This latest dividend will increase the amount returned to shareholders in dividends and share buy-backs since the 2010 IPO listing to $209.6 million.

So not long left to qualify for the next dividend payment ;-)

[pob69] 16/4/2021 09:33

New presentation by CEO

[garycook] 16/4/2021 01:23

Lagging other Miner,s atm.But should progress nicely up to XD 8p on 29/04.

[zho] 15/4/2021 17:48

Nigel Robinson is presenting this evening on Proactive Investors

[qs99] 15/4/2021 16:08

thanks

if the leftie gets into Peru, big nationalisation could then hit efficiencies on copper price IMO which would lead to a global spike of prices even more

DYOR...CAML / ATYM nicely positioned as is TKO which no-one has noticed!

[qs99] 15/4/2021 08:19

Copper price moving North strongly again this morning

[zho] 14/4/2021 17:36

Goldman's hiking its 2025 #copper price target by 66% to $15000 citing green transformation demand driving need for higher prices to incentivize higher production. Recent consolidation triggered by rising stocks=>lower backwardation, weaker #CNY and a 50% drop in #HG_f spec long



Goldman rationale at

[johnhemming] 13/4/2021 10:39

Alternative Resource Capital (house research);
"CAML’s Q1 2021 production rates of copper, zinc and lead were down slightly
versus Q1 2020, but we believe output of all three metals remains on course to
meet group guidance for 2021. The latter is in-line with production levels over
recent years, which if achieved we believe would result in material earnings (and
potentially dividend) growth this year given the rally in base metals prices over
recent months relative to 2020 average levels. Our 2021 forecasts would put CAML
on an EV/EBITDA multiple of under 5x and a compelling dividend yield of over 6%,
the latter conservatively assuming a free cash flow pay-out ratio below that used
to set the 2020 dividend. "

[king_baller] 13/4/2021 09:24

Not sure whether to feel sorry for those selling out at over a 10% spread this morning. Not understanding what they’ve invested in. The full yearly production guidance is unchanged. This is a steady, low cost producer of copper and zinc/lead. The growth comes from commodity price growth which we all expect (and potentially acquisitions). There is also a greater than 3% divi going ex dividend in a couple of weeks.

[tonytyke2] 13/4/2021 09:22

Agreed VISH65, more than happy to hold and add further from here. I am keen to see what develops in the next 6- 12 months in transforming the business. Gavin indicated in the recent podcast, that management were spending increasing amounts of time looking at transformational acquisitions (with a copper focus). If I heard correctly, it sounded like they would repay their existing debt off in around 12/13 months, hence very keen for a new major project. Just needs a little patience to get the right deal.Good luck to you all.

[ntv] 13/4/2021 09:15

Agree SMTB
Nearly always dilutive

[melton john] 13/4/2021 09:08

Quoted 2.598888 to sell 8800, buyers around for sure. Holding for long term rise.

[simplemilltownboy] 13/4/2021 09:00

Personally happy with the numbers. I'm not sure what people expected with regards to production, it's steady as she goes. It will be interesting to see the H1 results as net debt will be very low, interest on debt will also be very low, thus increasing the free cash and hence bigger dividends. I'm not on the hunt for MandAs as this will be dilutive, the same SASA was. AIMO, DYOR. GLA

[vish65] 13/4/2021 08:33

Solid numbers again . Nothing to complain about.

[ntv] 13/4/2021 08:32

245 with 14p dividend
what is the current bank rate?

[ammu12] 13/4/2021 08:29

245 bid ouch

[ntv] 13/4/2021 08:24

not really sure what people expecting, a huge jump in production?
The stuff is still in the ground