Central Asia Metals Share Discussion Threads

[1knocker] 13/3/2024 16:53

A weaker dollar is a mixed blessing. They are paid in dollars, but their operational costs are in the local currency.

Iyts pointless to speculate when we shall know the answer fairly soon, but in uncertain times my guess is that they will stick with 505 for the dividend calculation, not least because (1) such a benchmark ceases to be useful guidance if it is adjusted to 'what we can afford' otherwise than to reflect a truly exceptional year and (2) they will want to keep cash in hand so as to minimiise the risk of having to come in below 50% in future.

[kael] 13/3/2024 15:55

Awaiting the outcome of dividend I suspect. 82% of fcf was paid in H1, they may decide to keep this and for the full year, but it is well over the 30%- 50% they have stuck to previously. Of course there is no debt since to consider for H2 so arguably a higher % is sustainable, even with a tougher year past with lower metal prices and higher costs. It would be helpful if they clarify the fcf dividend position in the results, are they staying with 50% max or is there now some flex to that given no debt.Q1/Q2 guidance will hopefully be informative also in new developments and costs. Along with how the dollar will perform, for now it is under wraps and looks unlikely to break out to the upside, which can give a positive upside to metals, which has been seen across the board recently.

[tag57] 13/3/2024 15:00

Surprised CAML share price is down at this level given the price of copper, lead and zinc.

[kael] 13/3/2024 14:24

Copper futures back over $4 on Chinese output cuts.

[caiman47] 08/3/2024 07:50

The brokers will not be changing forecasts this close to results.

[dougmachin] 07/3/2024 14:19

Federal Reserve Chair Jerome Powell told members of Congress on Wednesday that the central bank is likely to begin cutting (US) interest rates later this year.

Today is a "green day" in general. FTSE 250 is up over 1%.

I figure that interest rates will come down at some point. Hopefully later on this year. When that happens, stocks will go up. Grab as many bargains before then as you can, I think... and then wait for the inevitable...

[bozzy_s] 07/3/2024 13:36

Nice surprise today! Great timing dougmachin. Other than copper climbing above $3.90/lb, any reason for today's jump?

I've had a quick Google of 'Central Asia Metals broker' -> Last 24 hours ... without any luck, obviously looking for a broker upgrade/update.

[dougmachin] 05/3/2024 11:53

I've been buying more... as much as I dare.

This has to pop-up soon... look at Cu prices. 3.825 is healthy. A sustainable $4.00 is on the cards surely.

If they maintain the divi, this is a great price.

[yawn1971] 01/3/2024 10:41

I thought they did electric lawn mowers and stuff ? ?

[mondex] 29/2/2024 13:15

Many thanks Zho

[zho] 29/2/2024 08:19

Sorry. No idea how that happened. Try again.

[mondex] 29/2/2024 04:49

Zho

Your link only leads to the Tiny URL front page. Please supply the full link.

[zho] 28/2/2024 17:00

GoRozen's Q4 2023 commentary discusses the outlook for Cu pricing and the potential for new technologies aiding discovery and processing:

from p. 23

[zangdook] 26/2/2024 14:10

neilyb are you all right in the head?

[neilyb675] 26/2/2024 14:07

153.20 - 154.20 (GBX) at 13:58:54
on Market (LSE)

[1knocker] 23/2/2024 11:21

Look at the results - for example Rio, BHP, Anglo American.

All feeling cost pressure and weak prices (iron ore and coal for steel making aside), all cutting dividends substantially.

I think it only realistic to expect the same from CAML.

As for SLP, very attractive, except that it operates in SA, adding a raft of problems including transport, corruption, and power availability. Best left to a management which knows SA and regards its special problems as all in the routine days work, IMO!

[santar] 23/2/2024 10:59

Guilty as charged.
Also no paywall!

[the count of monte_cristo] 23/2/2024 02:25

Someone lives in Thailand:))

[santar] 23/2/2024 02:02

Bloomberg article:

www.bangkokpost.com/opinion/opinion/2747143/a-tale-of-nickel-and-copper

[neilyb675] 21/2/2024 15:53

161.80 - 162.40 (GBX) at 15:49:52
on Market (LSE)

[bozzy_s] 21/2/2024 13:08

arieljcohen - I'd put some of the weakness down to increased overheads / running costs. Fuel and salaries would've increased by over 10%, maybe closer to 20%, while the price of CAML's metal has fallen slightly.

For me it's just a short-term blip. Should still be profitable and cash generative. Will continue to pay a dividend - probably trimmed slightly. And they're definitely looking for an acquisition - Zangdook's link is an interview with the boss looking at opportunities in South Africa.

Wouldn't mind them taking a peek at SLP. They're a massively undervalued South African base metals miner. Similar situation to CAML - profitable, debt free, cashflow positive, paying dividends. But their shares are down 50% in the past year. Current market cap £140m. Maybe could be bought for £200m - £250m cash + debt + CAML shares?

[tag57] 21/2/2024 10:21

AC - the drop may have more to do with lead and zinc prices but commodities and value seems out of fashion at the moment so who knows.
CAML should still be producing decent cash flows but haven’t ran the numbers for 2023 to see if the divi is sustainable at current prices. Maybe someone else is keeping a better eye on CAML than I am and therefore already have the figures.