Central Asia Metals Share Discussion Threads

[scrwal] 22/5/2023 11:25

Won't be POLY stuff as that is about Russian interests and subsidiaries which isn't relevant to CAML and others.

[spawny100] 22/5/2023 08:03

Oh well just doubled my holding here as I'd been waiting for sub £2 so seemed silly not to.

[spawny100] 22/5/2023 07:46

No not end of the world but just been a long slow decline and £2 has seemed like a floor for a few weeks. Was wondering if it's somehow related to POLY news today but I can't see how.

[gotabsirius] 22/5/2023 07:40

It's down 1.5% with copper and zinc...not end of world! Another director buy Friday. They see value!

[spawny100] 22/5/2023 07:27

Bit ugly here today and seems out of kilter with other miners. Any bad news in the region or something?

[meanreverter] 20/5/2023 13:18

CAML is not a suitable share for speculators and day traders. The company's purpose is to provide a stream of income for its shareholders. It does this by running profitable mines, occasionally making an acquisition to supplement depleting assets.

At the present price of 200p, the shares offer an attractive yield of ~10%. As an income seeker, I am happy to be a holder and would recommend them to anyone looking to build an income-yielding portfolio.

Largely as a result of income-focused investment, I have positive cash flow. This is mostly invested in shares (like CAML) that are able to provide further income. When, as now, high-yielding sectors are depressed, I am glad to buy such shares cheap.

There is little relevance in what I or Mrs Bloggins paid for this or that share, last week or 20 years ago. What matters now is the quality (high = good) and price (low = good) of prospective shares in which to deploy current funds.

[lauders] 20/5/2023 04:21

The current dividend is due on 23rd May (Tuesday) 1knocker. In the meantime, and thereafter, who knows what will happen? Some decent news and a reversal in the current weak share price MAY happen anytime. Just needs patience and collecting those dividends while we wait. Don't think the share price will always stay this depressed.

[1knocker] 19/5/2023 12:25

I have no idea. What I do know is that if I had waited to top up instead of getting in ahead of the ex div date, it would have saved me a packet! As it is, I need 3 dividends at the current rate even to get back to being all square on that purchase. When the current dividend arrives it will leave rather a sick taste in my mouth.

[melton john] 19/5/2023 09:12

The possibility of a placing to fund an acquisition has been raised and I wondered whether, in spite of reassurance at presentations that debt was the preferred option, "somebody knows something" was pulling down the price. It looks like weakness is purely related to the price of copper and read across from other producers in the following chart, although in the case of CAML dropping 25% from recent highs is overdone, especially as it is the cheapest producer. Just my thoughts and opinions, feel free to disagree.


free stock charts from uk.advfn.com

[melton john] 18/5/2023 11:51

Thanks zho, I'd forgotten. It's worth a look, not just the Agm stuff but a very good presentation summarising the company's business and performance. One fact stuck in my mind they produce copper at $1400 a ton and market price is $8000 a ton. Also $60M cash and $90M FCF nearly half of which is paid in dividends, present yield of 10%.

[zho] 18/5/2023 08:31

AGM online now at

[meanreverter] 10/5/2023 08:22

The margins of the Kounrad operation are extraordinarily high, because the deposit is unique. It is unrealistic to expect that CAML could replicate it on comparable terms. Indeed, CAML settled for a lower (albeit still good) return on capital when it acquired Sasa. We should be pleased if it can match that deal.

If CAML cannot find an acquisition that betters the return on its own shares in the market, then it should return cash to shareholders and, as assets become exhausted, conduct an orderly wind-up of the company.

[the deacon] 10/5/2023 08:14

A tie up with Adriatic would be an interesting move.

[zangdook] 10/5/2023 07:46

I don't see AAZ directors being receptive to anything like that, and they control over 40% of the shares.

[jbravo2] 10/5/2023 07:27

I’d say it would have to be closer to 300p bozzy but the main problem is the lack of JORC’ed resource.
Once Garadagh and Xarxar are JORC’ed then I can see it. Not sure they’ll be able to borrow enough til then. Of course there’s an argument it’ll cost more then!

[johnrxx99] 10/5/2023 07:18

VISH65 - exactly my point.

[bozzy_s] 09/5/2023 17:45

1K, Zangdook, et al. If only there was a company just across the Caspian Sea, currently valued at £125m with how much JORC'd metal in the ground? Multi-billions of dollars at today's prices. Add on multi-billions of un-JORC'd metals. And the fact it's low-cost labour and energy in a mining-friendly jurisdiction.

If only an opportunity arose for CAML to buy all that metal, all those potential upgrades, for say $300m? Pick up $122m of mine equipment / assets / cash / shares in a Colombian copper explorer (!!), plus ~$10-$20 billion of metals in existing contract areas?

Good deal for everyone I'd reckon! $300m = 207p per AAZ share.

[return_of_the_apeman] 09/5/2023 14:39

They did take a long time to find sasa but tbf they did regularly state they were looking

I seem to remember not being too impressed with that purchase, the unknowns bothering me as they could have just run Kounrad into the dust and returned a stack of cash to investors. However I need not have worried.

[zangdook] 09/5/2023 12:09

I'm not sure saying "potential for an acquisition announcement to be released at anytime..." should be called ramping. I don't expect anything soon but it could happen. I don't believe the BoD are blowing hot air.

[vish65] 09/5/2023 11:25

Finding an acquisition for a company that is already in the lowest quartile for unit costs and is also as the FD says 'value acreditive ' is a big ask . Anything less will be dilutive to CAML and its shareholders . Patience is needed and I 'm not ruling anything out as the end game for CAML. In the meantime just take the dividends.

[johnrxx99] 09/5/2023 02:48

I've got a lot of holdings and without exception, part of the business plan is to invest where opportunities arise. Admittedly they tend to be quite large businesses but if you aint looking to grow, what's the point of management? If they just want to sit back and take the money they are not working for shareholder imo.

Having said that I have in the past invested here and I'm looking again. My comment was because I don't like it when someone posts "they are going to buy something" when there is no market evidence behind it. It is ramping.

[meanreverter] 08/5/2023 19:57

CAML has got used to being a two-site company, and probably wants to keep it that way. So my bet is that the next project will be acquired and brought on full stream before Kounrad expires.

[pol123] 08/5/2023 17:55

Not forgetting - Kounrad has 10yrs+ life and Sasa fcast resource until 2039. Hardly at a point of panic