Central Asia Metals Share Discussion Threads

[mronions] 28/10/2021 16:46

better to back ATYM, or at least switch some of your copper play into ATYM ... makes for a sensible exposure

ATYM vs CAML
- cheaper
- better run
- less risk
- higher dividend (29p just announced for 9 months)
- no debt

[finkwot] 28/10/2021 11:35

Not really comparable. Tethys was a dodgy company with wideboy management asking for trouble. CAML is a professional outfit.

[masurenguy] 28/10/2021 10:41

Re pol12322 - 4749: Kazakhstan....is an excellent destination for those looking to do business.

Each to their own. I have encountered problems with an oil company that had significant Kazakhstan assets in the past but of course that does not mean all companies will be similarlily afflicted. Nevertheless, there is a trust issue in all of these former Soviet states - as there are with Chinese based companies - that you're either happy to take or not. I was also invested here but became somewhat nervous after the results in March and sold out @272p in early April.

Good Luck.

[spoole5] 28/10/2021 10:04

And another!

[spoole5] 27/10/2021 09:39

No one listening!

[qs99] 27/10/2021 08:08

Hope a few copper lovers have noticed ATYM's divi notice this am?!

V confident re Copper with nice read across IMO to CAML's copper ops. DYOR

[caiman47] 25/10/2021 14:06

People should not be misled by the Stan name. Of all the Stans Kazakhstan is by far the easiest in which to operate and has a very export-led business culture. It is also very safe - I have been several times. It is no more difficult than North Macedonia and is considerably easier to get to from UK (prior to 2020, obviously).

[pol123] 22/10/2021 19:00

Kazakhstan All jurisdictions hold some risk - However - the World Bank's Ease of Doing Business Survey for 2020, Kazakhstan achieved a rank of 25th out of the 190 countries surveyed. ... Despite its lingering bureaucratic issues, Kazakhstan's economy is the largest in Central Asia and, as such, it is an excellent destination for those looking to do business.

[pughman] 21/10/2021 11:40

All CAML's metal prices for H2 are to date well up on H1. Lower finance costs, reduced treatment charges and no tailings accident costs to cover will add about $6 million FCF compared to H2 2020. On the downside, they've provided $4.85 million to cover their hedging losses, which might be a bit short. The share price is ridiculous.

[masurenguy] 21/10/2021 11:31

The location of the Kounrad operation in Kazakhstan is a political risk factor, which does have a bearing on the CAML investment criterion.

[arcadian] 21/10/2021 11:10

Baffled by the share price today. I assume they hope people will sell but the trades say otherwise. Tomorrow I`m due my 8p

[ntv] 21/10/2021 09:17

Price has not reacted to the recent uptick in metals so if it stays down here too much longer then itself could vulnerable to a bid considering its cash flows. One thing or another soon I hope

[ntv] 20/10/2021 18:05

Share price still on hold til we know what price for placing and what the copper asset is
Us peasants will find out soon I guess

[casholaa] 20/10/2021 14:12

They don't like the market setting the price so they find a way to manipulate the price?

[mount teide] 19/10/2021 22:47

The difference between the spot Copper price and that for delivery in three months on the LME has tonight hit a record $1,000 per ton, unleashing such market mayhem, the regulator was forced to intervene according to the Financial Times.


Copper market COLLAPSES after 'crazy' price changes: London Metal Exchange in emergency mode - Daily Express 30 minutes ago

'Copper prices have skyrocketed which has forced the London Metal Exchange to introduce emergency measures amid the threat of collapse.

Due to record highs of copper, the London Metal Exchange has introduced measures to maintain "orderliness and continued liquidity".

Such is the dire situation for the market, Bloomberg correspondent Javier Blas claimed matters had become "beserk".

Emergency measures have been introduced tonight such as new lending rules, "backwardation limits" and deferred delivery.

Mr Blas said: "The London Metal Exchange has introduced emergency measures to ensure 'orderliness and continued liquidity' in the copper market.

"Among them, the LME has set limits on the nearest-term spreads and allowances for holders of some short positions to avoid delivery of metal."

"I’m sure the UK financial regulator is absolutely on top of the situation, right?

"That’s to be expected when a key commodity traded in a London market goes berserk, forcing the exchange to some pretty dramatic emergency measures in a late evening intervention."

According to Bloomberg, the spark in the crisis was the withdrawal of copper from warehoueses. The withdrawal was enacted by the Trafigura Group which has sparked large swings in prices. '

[casholaa] 18/10/2021 15:07

I was thinking £4+ mark too, near term. Also, quite pleased with the laws against carbon emissions etc, it means that demand cannot be met... and guess what, green energy needs good conductor metal hahahahaa.... so more for less hehehehe

[sporazene2] 18/10/2021 12:37

Melton John - thanks for posting the link. I agree with you that 300p is just the near term target. Looking at the last three years CAML has been sitting at shade over 10x earnings, each year. I can see 38-40p of EPS this year, so with copper and zinc at the current levels, barring any operational issues no reason why we cant push onto £4, once the near term target of £3 is achieved. I am keeping an eye on resistance of prior highs at 296p and 346p

GLA

[riverman77] 18/10/2021 11:56

Zinc price hits 14 year high

[qs99] 18/10/2021 11:52

Thanks Plasybryn, really interesting note and someone else posted that on the ATYM board. Looks like squeeze on copper is driving it much higher and $5 is touchable IMO in short order. DYOR

[plasybryn] 17/10/2021 16:50

The world risks “running out of copper” amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025.

In a note Tuesday, Bank of America commodity strategist Michael Widmer highlighted inventories measured in tons are now at levels seen 15 years ago, implying that stocks currently cover just over three weeks of demand. This comes as the global economy is beginning to open up and reflate.

[melton john] 17/10/2021 14:58

300p at least imho.

I don't know why it's at a bargain price, maybe in Kazakstan puts people off but it's very well managed from London.
They have a policy of paying 30-50% of FCF as divi, this year interim is 40% = 8p.
FCF 21h1 is $48.9M compared to 20h1 of $21.2M and they have made an extra debt repayment of $10M so will shortly be debt free and looking for more opportunities.

Figures from video presentation by CEO for anyone who hasn't seen it.

CAML shown from 1h35m