Central Asia Metals Share Discussion Threads

[ntv] 03/11/2021 17:51

LA
Normally hold a mixture if a larger co. though my CFD account is quiet small these days
ATYM is certainly a good investment recently but I didn't have the spare cash because I had been picking up AEP and RE.
Well done on ATYM
I can't buy every share I like the look of unfortunately !!

[leopoldalcox] 03/11/2021 17:35

Hi NTVAre you holding derivatives or the stock?If you're not taking the income, then I guess you're holding for metals exposure. But there are companies that are far more exposed to metals prices due to higher production costs. Atym is my favourite high cost, high volume producer. Making hay now

[leopoldalcox] 03/11/2021 17:18

Hi NTV,I disagree regarding Sasa. The mine is providing good income to the co and to investors, which is one of only two reasons I can see to buy CAML: income or exposure to metals prices. There is no promise of growth here. Therefore I think Sasa is doing exactly what it should

[ntv] 03/11/2021 17:08

Though I agree that I Should have made it clearer that it wasn't today on the actual post and no intention on my part that they had made a placing today. Just trying to show the lack of progress in the share price and that the acquisition has not helped the share price to progress

[ntv] 03/11/2021 16:53

MJ
You don't need to get so upset and angry with me because I quite clearly make that clear in the very next post on this thread
Take your anger out on management rather than me

[casholaa] 03/11/2021 16:14

@MJ, thanks, I didn't check it

[casholaa] 03/11/2021 15:35

I wonder how the money will be spent

[ntv] 03/11/2021 15:24

Share price performance proves that sasa was pretty much a waste of time for shareholders
The discounted placing was at 230p over 3 and half years ago
That is a very poor performance
If they can turn it round, probably best to turn it round a flog it. At least we get some of our back

[ntv] 03/11/2021 15:07

JUST TO MAKE IT CLEAR THAT THE FOLLOWING SECTION WAS TAKEN FROM THE NEWS ITEM IN 2018 FOLLOWING A PLACING ANNOUNCEMENT


CENTRAL ASIA METALS PLC

RESULTS OF PLACING

Central Asia Metals PLC (CAML or the Company) is pleased to announce the results of the underwritten conditional placing of new and existing ordinary shares of US$0.01 each in the Company (the Placing), announced earlier today.

A total of 49,150,000 new ordinary shares (the Company Placing Shares) and 10,605,875 existing ordinary shares (the Sale Shares and, together with the Company Placing Shares, the Placing Shares) of US$0.01 each in the Company have been conditionally placed by J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) (J.P. Morgan Cazenove) and Peel Hunt LLP (Peel Hunt), acting as Joint Bookrunners, and Mirabaud Securities Limited (Mirabaud) acting as lead manager at a price of 230 pence per Placing Share (the Placing Price), raising total proceeds of approximately GBP137.4 million (approximately $186.6 million) (the Total Proceeds). The Total Proceeds consist of approximately GBP113.0 million (approximately $153.5 million) of primary proceeds for the Company (Company Proceeds), and approximately GBP24.4 million (approximately $33.1 million) of secondary proceeds to CBH Europe (Secondary Proceeds).

[pob69] 03/11/2021 07:11

For reference, as a PI I have asked Nick C, Nigel R and Louise B the question of leaving AIM repeatedly over a number of years via video and face to face and the response from Nigel R, most recently (I asked the question), was the first time he was supportive of the idea of moving to the main list. Previously, the board had dismissed it out of hand. Clearly things have moved on to support this idea.

As always, do your own research and rely on your own decisions.

[zangdook] 03/11/2021 00:44

They don't "keep on about moving to the main market". Someone asked them in an interview once and they waffled a bit.

[melton john] 02/11/2021 22:24

First I've heard of that, can you point to where it can be verified.?

[gisjob2] 02/11/2021 22:20

If any purchase is accretive then happy days !

[ntv] 02/11/2021 19:51

They keep on about moving to main market plus copper purchase

[gisjob2] 02/11/2021 16:34

Why would it be due to a pending placing ?

[pol123] 02/11/2021 13:49

Support should be 225, looks like we are back in the trading channel

[pughman] 29/10/2021 10:14

Apologies, that is 22p in dividends over the last 10 months.

[pughman] 29/10/2021 10:01

CAML has had a strong first month in Q4, zinc in particular. On the 30.10.20, copper was $6718, lead $1805, zinc $2523. Today it's $9704, $2437 and $3414. They have paid out 20p in dividends over the last 10 months. CAML is a proven low cost, diversified metals producer, with a 7% yield. Net cash positive, the remaining SASA debt will be paid off in 9 months. Depending on acquisitions, there is ample room for CAML to substantially increase shareholder returns.

[spawny100] 29/10/2021 08:39

Good article

[leopoldalcox] 28/10/2021 18:58

Caml and atym have a very different relationship with the copper price. Atym is a higher cost, high volume producer. Margin expansion with a higher copper price is far more dramatic. Caml is a low cost low volume producer. An extra dollar on the copper price isn't going to expand margins by the same amount. Add to this that zinc and lead make up a lot of the revenue, and it's clear why the performance has been different. Incidentally, I'm surprised there are few mentions of the zinc price. Doing very well for caml. I hold both caml and atym of similar values

[enewman36] 28/10/2021 16:57

At least is closed flat, grateful for small mercies these days.