Central Asia Metals Share Discussion Threads

[1knocker] 12/9/2023 09:15

Not long to wait now, but with pressure on mining costs across the board and the copper price soft it would be staggering if the dividend were to be increased, and pretty surprising if it is not reduced, as the big boys like Rio, BHP and Anglo American have.

I shall be very interested to see how well margins are holding up - or not. With Chinese construction under the cosh and a growing realisation worldwide that nuclear is the only viable route to net zero, I don't see copper prices taking off for a while, so I want to see numbers showing that CAML is running a tight ship.

[bozzy_s] 12/9/2023 01:54

Yep, definitely not expecting an increase. 8p or 10p would be good with me. 16-20p per year gives a very nice yield at current share price.

[scrwal] 11/9/2023 11:35

I'm hoping the div remains unchanged but that could be a tad optimistic.

[gotabsirius] 11/9/2023 10:00

Caml is my biggest holding but that's not going to happen. I'd guess 8p

[bluemango] 07/9/2023 12:42

Interim results due next Weds 13th. Buying could well be in anticipation of an increased half year dividend from last year's 10p.

[fionascott1234] 07/9/2023 11:32

Big purchase at 11.49

[santangello] 01/9/2023 12:52

Nice to see the psychological 200p being breeched, and the new leg extending North slowly.

[the count of monte_cristo] 30/8/2023 03:35

When experts agree on something, then it usual goes in the opposite direction:)

[lauders] 30/8/2023 01:11

If the two previous posts are correct CAML better try and find their new Cu acquisition pronto before it is too late! Perhaps they will have no choice but to look at other alternatives that they have mentioned before in presentations.

However, zinc could still be a target as they produce that now and the future, especially if China bounces back, should be bright:



On the technical front, copper faces strong upside resistance at the 100-day moving average around $8,457.

Elsewhere, zinc prices CMZN3 climbed to a two-week high of $2,448 a ton on hopes for stronger demand from China’s construction sector as it enters a seasonally strong period.

[spawny100] 29/8/2023 21:00

Copper going to $15,000?!

[zho] 29/8/2023 14:38

Just catching up on GoRozen's Q1 commentary from a few months ago. Having been bullish on copper since early 2016 they now seem spooked that most analysts have come to agree with them:

"Copper remains our favorite base metal; however, we are becoming uncomfortable with
how many analysts and consultants have turned wildly bullish."

The main section on copper (search on 'Copper: A Case Study in Contrarian Investing') mentions 2 new technologies that may boost production: one is a “new leaching technology enabling producers to leach low-grade sulfide ores”, and the second is a “new exploration tool” allowing more efficient detection of copper deposits.

[the count of monte_cristo] 29/8/2023 12:10

But POLY would want it as cheap as possible:)

[riverman77] 29/8/2023 10:59

Would want at least 300p for CAML given it was close to this at the start of the year, and fundamentally not much changed since then.

[the count of monte_cristo] 29/8/2023 10:39

Poly will be well aware of CAML, buying them would increase their focus into Kaz whilst also giving them a diversity outside of Kaz. They could then redeploy the money that CAML are paying out in massive dividends to pay for the expansion of the other mines they own:) Would be a smart move.

I put the chance of a bid as low currently, but should they complete a multi-billion dollar sale of their Russian assets to a Chinese or Russian entity, thereby wiping out the debt and enabling a stronger financial position to focus on Kaz, then this increases the potential. Worth keeping an eye on.

That being said, I was planning to be a LTH here.

[the count of monte_cristo] 29/8/2023 09:56

POLY need mines, CAML has two very profitable ones. It does seem like a logical fit.

It doesn't look like there is any major shareholder who would stand in the way?

And CAML are now at bargain prices, for any larger acquirer who has a long term view and is looking at the next 20 years.

[spawny100] 29/8/2023 09:50

Funny enough I've just added a few just now based on similar thinking.

[the count of monte_cristo] 25/8/2023 10:27

Indeed, just added. Average buy price is now 187p, happy to hold these for the next few years and take the dividend while waiting for the looming copper crisis to squeeze prices ever higher, might take a few years for that to happen.

[kael] 15/8/2023 17:07

No buyers. Results in a month and the end of holidays. Touch grass and come back to a juicy dividend.

[2603] 15/8/2023 09:51

Couldn’t wait to mark it down and sell it off. 10 points in 2 days on no volume.

[arlington chetwynd talbott] 14/8/2023 19:25

Kind of feels like the markets had a look over the edge of a cliff this afternoon, but have now drawn back a bit. All still feels a bit fragile.

[melton john] 14/8/2023 16:06

Has the pope got a balcony.

[fionascott1234] 14/8/2023 15:44

I would love to know if Lucy Tobin of The Sunday Times has sold her holding.

[bubloo] 10/8/2023 12:06

thx flagon

[flagon] 10/8/2023 08:22

Go to archive.ph and take things from there. I use the Google extension which can be found on the archive homepage ... good luck.