Central Asia Metals Share Discussion Threads

[spacedust] 21/11/2023 16:22

11% dividend payment. Wow better than Vodafone

[kael] 21/11/2023 15:29

Yes it's broken down trend, looking for a good weekly close.

[cthompso] 21/11/2023 06:59

Copper is still looking strong, lead too. You'd expect the price here to follow pretty soonhttps://www.scmp.com/news/china/article/3242237/china-demand-hopes-drive-copper-prices-two-month-peak

[nickarsenal64] 17/11/2023 06:08

I am no expert in commodities but note copper has risen over $100 to over $3,700 in a week. Bodes well for the future if this continues!

[glaws2] 16/11/2023 11:15

Been corrected to 171p

[yawn1971] 16/11/2023 10:11

What is that 14000 sell at 141p all about ?

[kael] 15/11/2023 12:44

Copper gearing up to attempt a break of the 2 year downtrend.

[indalo] 15/11/2023 08:11

Solid move yesterday on large volume. Any views here? Big seller cleared?

[kael] 14/11/2023 18:20

Copper making gains today on dollar weakness after the inflation print. Expecting we've seen an end to dollar strength for a fair while, metals and minera could do v well.

[bozzy_s] 14/11/2023 15:52

Bought some at 160p on the assumption we'll get an absolute minimum 14p dividend next year. The way things are going, I might even see a capital gain!

[tag57] 09/11/2023 15:12

hxxps://x.com/camlmetals/status/1722575617671954673?s=46
Kounrad Solar farm now up and running

[dougmachin] 07/11/2023 10:42

Yep, as someone posted on LSE boards, the 13th September Q&As are worth listening to again, especially for:

- Commitment to dividend
- Capex
- Life of mines



Probably need your own IMC login.

[dougmachin] 31/10/2023 10:09

Cu doing better. I loaded up a few more. share price should hopefully start to edge back-up.

If Cu holds above 3.65 that will be pretty positive for a Cu baseline price.

Then we should all start to feel more secure about that divi and a share price increase.

[bozzy_s] 25/10/2023 07:11

I've just figured it out Zangdook, and edited my post.

[zangdook] 25/10/2023 07:10

I think there may be a mistake. They're not listed on the website among 3%+ holders as of 30 Sept and there's been no other holdings RNS for them since then.

[bozzy_s] 25/10/2023 07:02

Yep, very strange. They've sold a bit from 3.03% to 3.01%. Can't see why that was RNS'd.

Edit - actually they've bought a few, but their holding has gone from 3.03% in 2021 to 3.01% today:

5,347,020 holding RNS'd on 12/11/21

5,481,864 holding RNS'd yesterday


Guessing they dropped under 3% due to some new shares being issued between 2021 and now. And yesterday's RNS was due to them going back over 3%. They just forgot to report dropping under 3%.

[garycook] 25/10/2023 03:08

Interesting Allan Gray Proprietary Ltd now holds 3% of CAML with 5.48M shares
1. Issuer Details

ISIN

GB00B67KBV28

Issuer Name

CENTRAL ASIA METALS PLC

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Allan Gray Proprietary Limited

City of registered office (if applicable)

Cape Town

Country of registered office (if applicable)

South Africa

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above



City of registered office (if applicable)



Country of registered office (if applicable)



5. Date on which the threshold was crossed or reached

20-Oct-2023

6. Date on which Issuer notified

24-Oct-2023

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

3.013600

0.000000

3.013600

5481864

Position of previous notification (if applicable)

3.030000

0.000000

3.030000



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00B67KBV28

5481864



3.013600



Sub Total 8.A

5481864

3.013600%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights











Sub Total 8.B1







8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights













Sub Total 8.B2







9. Information in relation to the person subject to the notification obligation

1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold











10. In case of proxy voting

Name of the proxy holder



The number and % of voting rights held



The date until which the voting rights will be held



11. Additional Information



12. Date of Completion

24-Oct-2023

13. Place Of Completion

Cape Town

[soulsauce] 23/10/2023 08:24

Yes something seems off but will keep an eye on this.
GL all holders.

[johnrxx99] 23/10/2023 08:16

Out last week. Too relentliss for me.

[pughman] 23/10/2023 07:18

Q3 was decent. They are 60% of the way through H2, I'd expect a similar final dividend to the interim, using about 70-75% of FCF. As to the dividend for 24, that decision is 11 months away, who knows what metal prices will be then.

[1knocker] 20/10/2023 17:43

I agree with most of your overview Kael, but would add that (1) if the world falls into recession, that will hit construction and this copper prices and (2) Chinese demand has absorbed a very large proportion of copper production for decades. With the Chinese construction sector deep in the mire that demand is, and will remain for some time, muted. In time, especially if electrification ramps up worldwide I too expect copper to do well, not least because the miners seem to be in no hurry to develop new capacity, but I don't see copper recovering much next year.

I have no crystal ball, but I think CAML probably has a good bit more to fall yet, so I am not topping up at present. Neither am A seller though, as it seems to me to be a good company in a sector which should in time do well.

[kael] 20/10/2023 15:49

Most metals are weak, due to the dollar. Lower demand (more supply and inventory) is due to the strength of the dollar which is a deliberate move to bring inflation under control by killing the demand side of the equation. Short term inventories high, long term there isn't enough to go round.Everything else is really a secondary affect and the main thing worth focusing on for most commodities and especially miners is what's the dollar is doing, and that's the dxy. The fomc is turning dovish in the commentary and a good chance for a floor being put in for metals and a subsequent ceiling for rates as we go into 2024, with inflation and interest rates beginning to come down as economies slow and recession risk elevates. I also expect CAML to do one of two things (or both) reduce dividend and raise the fcf % to allow for a 10-14p full year div for 2024.

[zangdook] 20/10/2023 15:22

If they bought back shares and then used them to pay for part of the cost of acquisition that might work out cheaper than issuing new shares, depending on market movements.

[1knocker] 20/10/2023 15:19

copper price is eak, and copper projected to continue in oversupply next year, while inflation in mining costs continues. I expect a big dividend cut here. i think sometime next year we will be able to but CAML a lot closer to £1 than £1.50.
All IMO.

[mondex] 20/10/2023 13:27

Spookies,

The "cash pile" is reserved for their next acquisition. The share price volatility is temporary. Personally, I would feel happier if they made the acquisition, but they are a well-managed company & I trust them to make the appropriate decision. The commodities market is not in a good place & buy-backs will not change that. Making buy-backs now seems like complete folly to me.