Copper above 10,000 this morning too. |
"The final dividend is payable on 20 May 2025 to shareholders registered on 25 April 2025" |
Divi yield 11.3% at current price |
Yep, pleased with that update. Cash in bank growing, debt free and maintaining the significant dividend on offer here. |
Like the eps going from 19.64p in 2023 to 26.94p in 2024.
PE is less than 6 - undervalued considering cash in bank.
Anybody work out how much cash per share is in the bank. |
Very pleased with maintenance of the dividend at 18p considering the share price. |
Results look to be entirely consistent with shareholder expectations. Hopefully the market reacts favourably. I wish they would buy another mine though for longevity. |
Results sound solid - 9p dividend again. |
That'll do. |
Hopefully could spike big time here. If the results are good, and the 9p Dividend maintained. Looks as if the Results have been leaked going by the 4% rise yesterday. |
Copper over $5.10 / lb now. Extraordinary! Definitely definitely need to bank some future sales at close to that rate via hedging. |
Been buying here, ahead of tomorrow's results and presentation.
The Company will also hold a live presentation relating to the Full Year Results via the Investor Meet Company platform at 16:30 (GMT) on Thursday 20 March 2025. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard until 09:00 (GMT) the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free, and can add to meet Central Asia Metals Plc via: |
Short article from Oak Bloke covering CAML and the prospective upcoming results. |
doc - I think the market is pricing in CAML overpaying for an acquisition and dilluting shareholders with a discounted rights issue to help pay for it. Don't think we'll see any move to a more realistic valuation until we get news one way or another. |
Wtf is wrong with the share price here?! Why isn't it much higher. |
Nice!! here we go, volume starting to spike pre-update.Today = 108071910 day = 4152763 month = 523056Hope we can see the share price react in a move north in the next few days. |
Last time futures were this high in 2024 and 2017 the share price peaked at £2.30 and £3.20 respectively. Today the share price is stuck around multi-year lows. If the price of copper, zinc and lead just remain at these prices we are in for a fantastic year |
China's stimulus package also part of the reason:
Copper futures climbed above $4.90 per pound on Tuesday, reaching a ten-month high, as China’s latest stimulus measures boosted demand expectations in the world’s largest copper consumer. The policy package, unveiled over the weekend, includes efforts to increase household income, spur spending, and support population growth, reinforcing optimism for stronger industrial demand. Further supporting prices were expectations that US President Donald Trump may impose tariffs on copper imports, a move that could strain the limited capacity of domestic smelters. Currently, the US imports nearly half of its copper supply, relying on just two major smelters for domestic production. While reports suggest these tariffs could take effect later this year, the White House’s recent escalation of base metal tariffs on Canada has heightened concerns that copper levies may be implemented sooner than expected. |
Copper hits $5/lb, although Saxo's Ole Hansen reckons this is due to "continued tariff related widening of the premium above London to 50 cents or 11%." |
jb - all the TKO Gib production goes to China. See their recent news release |
TKO is great because of Florence. It is countered by the fact that Gib output would presumably be tariffed.
I've got a position for Florence though. Seems undervalued as they expect first production at the end of the year. |
Obviously if you are generating FCF and don't need funding you are in a better position but t doesn't detract from my basic position that valuations are far towards cheap. There are signs that the strength of gold is leading to a rotation into gold miners. You would expect copper to follow. |
The answer is to have a producing mine and FCF whilst pursuing inorganic or mine development. Caml can do this and TKO are doing it very successfully. The dogs are the non producing pie in the sky projects as you know very well Donald cough PXC cough. |
The valuation of all copper miners ATM is ridiculous. It makes it a great time to buy, but not using your own paper. Therein lies the challenge |
Agree entirely. No chance IMO they would accept anything other than cash (at least in a very large majority). Convinced CAML could raise that level of cash if they were minded though |
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