Central Asia Metals Share Discussion Threads

[kael] 06/10/2023 14:02

Took a gamble here the dollar has topped, headroom above to 110, but CAML at 165 is good enough for me. Added today.

[melody9999] 06/10/2023 07:55

copper price recovering a little today

[johnrxx99] 06/10/2023 06:12

And general selloff due to bond market spooks.

[baddeal] 05/10/2023 17:21

Im reckoning its the copper price..

[spookies] 05/10/2023 16:02

Bought some yesterday as they were looking cheap. even cheaper today. Doh.

[dougmachin] 05/10/2023 11:06

Need the price of Cu to start firming up.

Disappointing for Cu to be below $3.60 at the moment.

Apparently to do with China's slower-than-expected economic rebound...

[yawn1971] 05/10/2023 10:31

Disappointing to see us down here at 170p

[lord gnome] 05/10/2023 06:17

Taylor Swift would be my choice. Defo the girl du jour.

[xasy] 04/10/2023 21:46

No, build a statue of Sophia Loren in the nude.

[erocnelg] 04/10/2023 18:37

No pay more dividend

[spoole5] 04/10/2023 10:02

May as well start buying back the shares with the cash pile now

[johnrxx99] 29/9/2023 05:59

IMV drop gave a buying op as there is always always a reduction on xd.

[1knocker] 28/9/2023 20:27

Copper is in surplus at present. The woes of the Chinese construction sector is presumably the primary cause of that, together with net zero on the basis of renewables and EVs being fantasy. Fortunately, the copper miners did not buy into the fantasy, so there has been no huge ramp up of production. All the same, copper looks likely to remain soft into the second half of next year, at least.

I think we should make the most of the coming dividend. It looks unlikely that we shall see another dividend of that size for a while.

Personally, i shall not be chasing the shares either. A big dividend cut will knock the share price for six. Its tempting to sell if we get back up to 200, and wait for a cheap re-entry price. These days it seems necessary to be ready to buy in and out of one's LTH shares as well as pure trading holdings.

[arlington chetwynd talbott] 28/9/2023 11:08

Had not spotted that, thanks. As you were.

[2603] 28/9/2023 10:51

Chart looks very ugly. 3 months of torture to clime up. 2 days to give most of it back. Makes you wonder how bent it really is, there’s hardly been any selling volume.

[arlington chetwynd talbott] 28/9/2023 07:56

This seems to have slipped more than the weaker copper price would warrant though.

[baddeal] 27/9/2023 22:17

Aaz will need some cash soon!

[kael] 27/9/2023 10:57

Dxy has been on a 3 month run, commodity prices suffering as a result. We wait for the turn.

[cthompso] 27/9/2023 06:13

Copper's had a kicking, so it's not all about CAML. Not much they could do about that.Let's hope they can find another opportunity while we're in the doldrums.

[2603] 27/9/2023 06:06

Well holding for the divi was a fukin waiste of time now. Another 9p down tomorrow. I wonder who has manipulated this down.

[scrwal] 23/9/2023 13:01

The problem is that CAML may need a distressed seller but this means that a lot of players would be interested for the longer term play. The future demands for copper are taking the field out of its cyclical nature so you are looking at having to buy undeveloped resources to expand with all the associated risks.

[1knocker] 23/9/2023 11:06

If CAML can't buy a mine at a reasonable price at present, I doubt they will ever be able to do so. Metal prices are soft, mining costs are rising, and anyone with debt to refinance is going to find that expensive.

The mining industry clearly does not believe that electrification via renewables and net zero by 2030 /2050 is going to happen. Copper and other electrical and battery metal production is way short of the quantities necessary to make that possible. yet exploration and mine construction /expansion worldwide is at low levels. Probably CAML is right to be cautious and to maintain its resolve not to overpay.

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