It's definitely due a good move beyond 170 |
Could be about to pop out here |
Cu daily report:
Copper futures rose above $4.42 per pound on Friday, reaching a two-month high and a second consecutive weekly gain amid expectations of higher demand in the world’s top consumers. New data showed that China’s industrial output rose much more than expected in December, while stronger indicators in broader economy backed optimism that pledges of stimulus from Beijing are having a greater impact in spending. This coincided with data showing that imports of unwrought copper rose to a 13-month high in December, a near 18% surge annually to indicate that refiners are refilling inventories in the backdrop of higher orders. Exports from also gained traction as foreign companies attempted to undercut potential tariffs from the incoming US presidential administration. On the supply side, Chile has revised its copper production forecast, now expecting 5.54 million tons by 2034, down from the previous projection of 6.34 million tons.
Worth reading. |
Rio Tinto and Glencore in merger talks. |
Look at copper go!https://www.tradingview.com/symbols/COPPER/ |
When whoever has been putting pressure on it since the recent updates - clears off- away up past 180 we go imo |
The chart has now a double bottom which is another good sign for a rise from here. |
Copper looks really strong. Feels like someone has been clearing out here judging by the offer size at times. Probably a big print shows up and away we go! |
Based on what facts exactly ? Or is it just at the flip of a coin ?
The same Berenberg gave a Buy rating a few months ago ...
Things are actually better today for CAML.
So I would always take any recommendation by these charlatans with a pinch of salt, whether it's Berenberg or anyone else.
10-Sep-24 Berenberg Bank Buy - 230.00p Reiteration |
BERENBERG CUTS CENTRAL ASIA METALS PRICE TARGET TO 180 (190) PENCE - 'HOLD' |
Copper +10% this week and this is down? |
If they can mine more silver, it will really be another big plus as its price is going up too. |
Fuji. All valid points. Certainly today's buyer should be well rewarded. |
Interesting to see the silver volume going up too:
Note that we are also involved in silver which can also grow and add more income.
"During Q4 2024, Sasa sold 98,468 ounces of payable silver to Osisko Gold Royalties, in accordance with its streaming agreement, bringing the total for 2024 to 379,010 ounces." |
Agree Tricky Red but my assumption was mainly for someone starting investing today. |
"Indonesia’s move to cut its nickel mine output could strip more than a third of global supply from the market, said Macquarie Group Ltd., showing the risk of an enormous price hike."
www.kaohooninternational.com/markets/550647 |
Agree Fuji. However, depends on your buy in point. Those who invested much higher up will still be bitterly disappointed with share price movement in the last year or so. The divi merely softens the blow in that case. |
As a simple example, assuming the same constant dividend for the next 5 years, which equals to a total of 18p, if one holds say, 20.000 shares today, in 5 years, the dividend alone - without any extras from the compound dividend each year - would be £18,000.
This is more than 50% of invested original capital.
This alone makes CAML a long term hold.
Any share price increase in 5 years is cherry on the cake. |
Q4 Cu production lower than I expected. Metal prices for CAML in Q1 25 10% up on last year comparative. The company is gaining significantly on the dollar appreciation against the tenge/denar, up 16/6% respectively yoy, which has contributed to the higher than expected cash position. |
dougmachin: Thanks a lot for the infos. |
For the divi, I'm hoping for 9p maintained.
That's what the market is expecting.
I hope they keep the remaining cash to (eventually) reward long term holders like us!
They either get that amazing resource for us (we hope) or we would get that cash back at the end of the mines.
Any higher and then more short term traders come in, take the extra cash divi and then they disappear.
9p is solid and keeps the cash available to get that new asset, that will hopefully keep us in more solid divis for another 15-20 years.
Aberdeen might even come through... |
Copper really perky also last few days |
Agreed in general fuji.
I took 5K more today. 155-159p is quality buying territory IMO.
The Capex for 2024 is at the lower end of guidance, but that's come and gone and I imagine is already reflected in the cash they now have in the bank.
The Capex projected for 2025 is OK, but slightly higher than I would have liked, but not so bad for sure.
Cu price going strong this week, which is good to see. |
I must admit I was concerned when I saw there was an Operations Update RNS after yesterday's drop, but upon reading it, I'm happy. It's very much steady as you go, with a decent dividend, hopefully maintained. |
With a cash balance of $67 million which is better than last year, the dividend will be maintained or even increased.
The compnay is also almost debt free.
For the capex they said:
"Group capex for 2024 is now expected to be around the lower end of the guidance of $22 million to $25 million set at the start of last year."
I see CAML as a solid hold for the long term. |
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