Central Asia Metals Share Discussion Threads

[spawny100] 23/6/2023 14:06

Well that was a truly shocking week for anyone invested in commodities.

[coxsmn] 23/6/2023 07:00

Too cheap here but not alone in this regard.I think the markets would like to see an acquisition made to add some reserves and growth.

[dougmachin] 22/6/2023 09:46

Well, I just took another 5K more.
I think this is oversold / and there's been downward momentum selling.
Also, then it's been marked down disproportionately by those lovely MMs.
Director's buying a bit too.
The worry is the extra tax, but doesn't sound too bad for CAML as they process to quality Cu cathode in country.
Could be this is the bottom... I can only hope!

[pughman] 22/6/2023 08:27

Metal prices doing o.k. FCF 22, $89.7m(H1-$52.1m,H2-$37.6m). Guesstimate FCF 23, $70m-$80m. 50% of $80m=17p dividend.

[gotabsirius] 22/6/2023 07:27

Why 75% of 2022 level? Compare spot prices and they are probably on par with H2 2022. Lead approaching year high from January and copper trading around mean 8,500. Company is printing cash. Cash should be circa $100m at year end

[frazboy] 22/6/2023 07:20

At some point this will become a bit of a hedge against sterling weakness. Sterling isn't weak currently but with the current newsflow (UK debt and difficulty getting on top of inflation) this is something to be watched.Anyone got any thoughts on FCF for this year? Zinc has been notably week throughout 2023 so I'm not expecting earning to be anywhere near the 2022 level. Maybe 75% of that number?

[spawny100] 21/6/2023 13:28

FFS but of a bloodbath lately in resource stocks. Wish I'd sold in May and gone away as the adage goes!

[spoole5] 21/6/2023 11:37

They may as well buy back the shares with the growing cash pile

[zho] 21/6/2023 11:13

>>Does anyone have any idea why the share price is so negative?>>

I'd guess it's because the shares' main attraction - the high yield - looks less attractive as inflation remains high, pulling base rates and gilt yields higher.

Edit: Apologies, I thought I was posting on another thread, although it will be the case that CAML's yield now looks less appealing.

Other miners have performed poorly this year, with smaller companies generally faring worse than large companies.

[2603] 21/6/2023 10:51

Does anyone have any idea why the share price is so negative? Is there a big seller? I can’t see any bad news? Yet the share is Lodi g more and more each day?

[markatkinson] 19/6/2023 06:06

In this latest episode of the Desert Island Investor my very dear friend and fellow castaway Paul Kerin discuss Central Asia Metals, and the tailwind that is provided by the quest for 'net zero' -

[zebbo] 13/6/2023 11:06

I stand corrected, looks like H1 was 12th July last year, not June....Doh

[zebbo] 13/6/2023 10:49

Do CAM report H1 production tomorrow?

[meanreverter] 11/6/2023 13:11

Thanks for the link, zaphod99. As a producer of high-purity copper cathodes (rather than shipping concentrate), CAML should get some protection from the mining-tax hike: “At the same time, the tax rate will be lower for companies that refine and process minerals domestically”.

[garycook] 08/6/2023 06:33

£2.80,s more like it. Sold CAML on Jan 16th for 283p.Now back in. Great value around £2, with No Debt, and a 10% yield !

[zangdook] 08/6/2023 00:30

very unambitious

[2603] 07/6/2023 21:40

£2.45

[coxsmn] 07/6/2023 20:02

06-Jun-23 RBC Capital Markets upgrades to outperform PT £3.45, buy

[bozzy_s] 07/6/2023 16:51

Looks like it's turned the corner. Hopefully back to 220-240 in quick time. Looks very oversold to me.

[1knocker] 05/6/2023 09:02

Anyone any thoughts on how low CAML may go? Surely a further drop if we get some 'recession' figures out of China or the USA over the next few months? There is plenty of time until the autumn dividend, so we can afford to be patient.

[serratia] 03/6/2023 14:00

New tech in production for copper.

hxxps://www.jettiresources.com/our-technology/

[gotabsirius] 01/6/2023 19:39

Think that's a lot to do with Covid spike they've had recently which they look to be coming through with encouraging manufacturing numbers out last night