Central Asia Metals Share Discussion Threads

[qs99] 24/8/2021 15:02

Copper continuing to bounce nicely

[pughman] 24/8/2021 12:50

I think today's muted share price is partly a legacy of the SASA acquisition which has disappointed in terms of earnings and dividend growth. The share price reached its all time high on the back of those expectations, that to date have not materialized. Still, today the business is net cash positive, has a diversified metals portfolio, is throwing off oodles of cash and on a prospective yield of 7%. I expect a minimum 7 pence dividend, which is 21 pence over 10 months with prospects for that to significantly jump.

[podgyted] 24/8/2021 12:06

RNS 8th July:-

"During the period, we have seen strong metal prices and therefore look forward to releasing our H1 2021 financial results on 15 September 2021, when we will also announce our interim dividend."

[king_baller] 24/8/2021 11:16

Using historical dates, I expect notice of H1 results on September 1st, and results on the 9th September. Should be on a backwards PE of less than 6, and potentially a dividend in the region of 12p?

[poots] 23/8/2021 22:30

Copper bounced straight off the 200 day ma.

[zho] 23/8/2021 07:56

From Saxo this morning:

Copper continues to recover following last week's slump on supportive signs from China where stock levels have fallen and local premiums above LME spot has risen in response to the government’s efforts to combat the recent virus outbreak. Also, the risk of strike related disruptions in Chile remains with a slew of mines undergoing contract renewal talks, with unions at two mines currently out on strike. The sharp recovery from below $4/lb, now a double bottom, together with the long-term supportive outlook for copper has helped attract fresh buying and short covering. First level of resistance at $4.215 followed by $4.295.



++++++
From John Rosier in IC a couple of days ago:

I increased Central Asia Metals (CAML) (at 234.6p) to my target weight of 5.0 per cent. An H1 update showed cash flow was robust in H1 benefiting from higher metal prices. It paid down $19.2m of its debt, reducing gross debt to $60.9m. It also had cash in the bank of $54.4m. The CEO hinted at a decent interim dividend, and I suspect that the current forecast of 15.8p total dividend for 2021 vs 14.0p in 2020 may prove too pessimistic.

[johnhemming] 23/8/2021 07:50

I think a high proportion of investment decisions in miners are driven by the direction of the movement in a commodity price. That is not necessarily how far it moves as a percentage and I don't think it takes into account the underlying financial position. I don't think people also consider what evidence there is that the underlying commodity price movement is likely to reverse.

Copper, of course, is a good example of a commodity which will have increasing demand.

I take a different view on Rhodium.

Still I am not complaining as that provides opportunities to be logically contrarian.

[podgyted] 22/8/2021 21:45

One more time I will say this - and people will have to make their own conclusions on this.

The last time metal prices were this high, CAML was over £3, and had a lot of debt having just bought Sasa.

Current price looks like an anomaly to me (and I've been adding).

BWDIK.

[gisjob2] 19/8/2021 09:56

CAML seem to have reacted far worse than other copper miners !

[celeritas] 19/8/2021 09:11

Over reacting to the copper price.

[mw16] 19/8/2021 08:57

Wtf is wrong now

[tricky red] 18/8/2021 10:27

Some have alerts set though and do see such indicators as an exit. Like moving below 50SMA when a stick has got a bit toppy.

[tricky red] 18/8/2021 10:26

Fair comment. An observation. Normally results in a bigger move in a heavily down trending stock.

[frazboy] 18/8/2021 09:16

Tricky Red - have you back tested death crosses to see if they actually result in a price fall over future time periods? I ask because I've back tested breakouts, and despite what convention may tell you, they're just noise - they tell you nothing about future price moves.

[tricky red] 18/8/2021 08:37

50SMA now below 200SMA. death cross. Bearish until price comes back

[qs99] 13/8/2021 11:44

Thanks really interesting.

[3noddy] 12/8/2021 08:44

With large-scale solar power plants estimated to have a workable life of at least 30 years, only zinc coatings can offer low-cost corrosion protection for such lengthy periods. Wood Mackenzie estimates that solar power installations currently account for approximately 0.4 Mt of global zinc consumption, with this number projected to grow to 0.8 Mt by 2040 in Wood Mackenzie’s base case. Under Wood Mackenzie’s AET-2 and AET-1.5 scenarios, consumption growth will range from 1.7 Mt to 2.1 Mt, respectively, by 2040.“

[qs99] 11/8/2021 09:01

Cracking results from ATYM this am for all you copper fans! Should IMO be a good read across for the copper element of CAML and generally the commodity boom in prices at moment DYOR

[3noddy] 11/8/2021 07:22

Price of lead going up?
Car manufacturers have been struggling with the supply os semiconductor chips recently, soon they will be struggling to get hold of any lead acid batteries!…. as China take control of the Lead market!

[qs99] 09/8/2021 16:43

Really interesting thanks. If true we may see some material Northwards movements over next 4-6 weeks then on copper price....just as CAML approaches its next reporting.....

DYOR

[return_of_the_apeman] 05/8/2021 09:09

Since your last post in Nov, metals have moved up strongly again

Copper $4.31/lb
Zinc $1.35/lb
Lead $1.11/lb

Not long until interims in Sept are upon us :-)

Long term sustsinable dividends here