Central Asia Metals Share Discussion Threads

[gotabsirius] 31/5/2023 13:17

Ape, I think caml is likely to further invest in Kaz. It's as safe to operate in mining sector as anywhere imho. China will see to that....

[zangdook] 31/5/2023 11:00

Everything seems to be down today except Tesla

[return_of_the_apeman] 31/5/2023 10:39

Perhaps the risk for westerners of owning assets in Kazakhstan is rising and that is playing on investors minds

[arlington chetwynd talbott] 30/5/2023 22:00

Certainly tempting at these levels.

[pol123] 30/5/2023 21:51

IMO what we have ATM is bot driven trading on an AIM stock, exacerbated by a seller. Personally I see this as a great opportunity...Unfortunately I pulled the trigger a little to early now av £2.05 on 100k shares, give or take.
LTH for me, I sleep very easy with CAML and have been with CAML in the past at a lot lower CU prices

My biggest problem is I dont have any free cash to add....

[serratia] 30/5/2023 20:16

That fits - profit attributable to shareholders. 2022 $33.7m 2023 $ 71.5m.

[kael] 30/5/2023 20:14

Thanks for that. H2 Cu prices were significantly lower than h1 so far this year and around 10% more produced. Energy costs have also eased ( and will further with solar in H2) Not long to see q2 numbers in July to give the detail. I would be surprised if caml can't make at least 8p div for interim ( around upper end of your numbers).

[pughman] 30/5/2023 18:17

FCF H1 22 $52.1m
FCF H2 22 $37.6m
Mineral Extract Tax 22 $7.2m. Increased by 50% 1.1.23.
15% pay award in 22 at SASA and Kounrad, largely absorbed by dollar strength against Tenge and Denar. Similar pay award 23, with no favourable currency movement, 5 months into the year.
I get FCF H1 23 $30-35m.

[serratia] 30/5/2023 17:33

Research tree post results has a figure for FCF of $62.7m.

[kael] 30/5/2023 16:34

How do you get to less than $30m fcf?

[pughman] 30/5/2023 15:36

On the year to date and following their dividend policy of 30-50% of FCF, I can't see an interim above 6p.

[74tom] 30/5/2023 15:09

135k sell was sitting on the order book at 1.952 when I checked in an hour ago, it was then moved lower and lower until the rump was taken at 1.878.

I've not watched the book here before so I don't know whether sellers have been dropping chunks on the open market for some time or if this may mark the bottom. Regardless, it's certainly oversold on a technical basis and appears way oversold on a fundamental basis.

Not often you see a dividend yield of 10.6% on a multi commodity producer with no debt!

[kael] 30/5/2023 15:02

Copper value has dropped around 20%in same time and the narrative is weaker demand from China than expected + recessions in us and Europe translating to less demand. Miners are being hit on lower demand for their products ultimately.

[2603] 30/5/2023 14:52

I am curious to how this well run company has lost over a 3rd of its value in 3 months.

[melton john] 30/5/2023 10:52

A couple of decent sized trades have moved the price today, perhaps more director buying or the market waking up to the uptrend in other copper miners.


free stock charts from uk.advfn.com

[melton john] 23/5/2023 10:22

And what about the other copper miners whose charts follow the same decline knocker? If you want exposure to copper for when demand picks up, why not go for the one with high margins and dividends. Two NEDs think that's a good idea.

[1knocker] 22/5/2023 12:48

My best guess is that what is hanging over the share price is that CAML needs to make a mine acquisition and it is not at all clear where it will find one, or at what price, and what the consequence would be for the dividend. Also the goepolitical situation, in a region few know much abut. Uncertainty always hits a share price.

[scrwal] 22/5/2023 12:25

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 09:03

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

[spawny100] 22/5/2023 08:46

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 08:40

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

[spawny100] 22/5/2023 08:27

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

[meanreverter] 20/5/2023 14:18

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 05:21

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.