Central Asia Metals Share Discussion Threads

[lord gnome] 10/8/2017 20:03

Thanks Mount Teide. That makes sense.

[waterloo01] 10/8/2017 19:54

I suspected they were booking a decent return! I assume they have to report any further sells (in % terms) until under 3%, but I couldn't fathom what their holding remains (except under 5%) from the RNS. Hopefully a seller cleared rather than a loss of confidence! As a new investor, I'm still getting a handle on the dynamics.

[mount teide] 10/8/2017 19:48

LG - who knows, you're guess is as good as ours!

What we do know is that since IPO @100p, this has been a superb investment for Fidelity - they will have received back over 60% of their original investment in dividends and enjoyed 120% in capital appreciation.

So, after generating at least 180p of profit on a 100p investment in 5 years, they have elected to taken around 40% off the table.

Probably, sensible risk management - this transaction, including dividends, means Fidelity will probably have taken out around their original capital investment, leaving the remaining holding, which is still larger than their original investment to run at zero cost.

[shakeypremis] 10/8/2017 19:26

It may not be that they know something, it might just be a rebalance or they've sold to invest elsewhere else they feel may generate better returns. Impossible to know really.

[lord gnome] 10/8/2017 19:17

More importantly, why have Fidelity sold? I wonder. What do they think they know that the rest of us don't?

[shakeypremis] 10/8/2017 18:56

That certainly explains the subdued share price despite the big rise in copper prices.

[mr.oz] 10/8/2017 18:01

OK, now this can be allowed to find a correct level.

[mount teide] 10/8/2017 17:27

Waterloo - thanks, that would almost certainly explain the share-price action!

So Fidelity have gone from 8.6% to under 5% - that's at least a 4million trim.

[waterloo01] 10/8/2017 17:09

Does the RNS help explain it. Fidelity seem to have sold over 3%.

[mount teide] 10/8/2017 15:54

Buys again materially outweighing sells in volume.

Not normal market behaviour and a price determined by 'supply & demand' at all.

Clear & constant, very small AT selling on the book while buys appear to be not hitting the book. Same way they have pulled it down and maintained the price around 220p for the last week, despite a very substantial increase in buying volume.

Those pesky PI's with their DMA!

Textbbook, how small AT sell trades were used immediately following IC's Buy recommendation to quickly lower the price late in the afternoon, so that the price by the end of the following day, despite very heavy buying volume, ended up no higher than it was BEFORE the BUY recommendation was announced.

[mount teide] 10/8/2017 11:06

Very small AT trades have been used for a number of days to move the share-price - with a strong bias towards promoting the perception of an intra-day slowly falling price.

The overwhelming majority of trades that make up 95% of the transaction volume suggest a stable price at worse, since there is a bias heavily weighted to the buy side.

[mr roper] 10/8/2017 10:36

it's gone back to sleep by the look of it.. touched 224p today now flat

[shakeypremis] 10/8/2017 10:31

Mr Roper, I don't really see much evidence of a sudden 'awakening'. What are you referring to?

[mr roper] 10/8/2017 08:13

looks like the kraken is awakening here at last!

[waterloo01] 09/8/2017 15:41

Reasonable volume but stuck at 2.19/2.20. Is there a significance at this SP?

[mount teide] 09/8/2017 08:05

Copper hits new 2 year high this morning - $2.9555

[arf dysg] 08/8/2017 18:47

...previously mentioned:

Mount Teide (695) "every cent rise in the price of copper is equivalent to circa US$315,000 additional revenue"

[arf dysg] 08/8/2017 18:41

shakeypremis (701) "each 1c increase in the copper price equates to circa $315,000 of extra revenue"

waterloo018 (702) "Profit, not revenue."


Actually it's both. The selling price of copper doesn't affect a company's costs, so the calculation is: (increased revenue) subtract (the same costs).

Every extra dollar of revenue gives precisely one extra dollar of pre-tax profit.

[mount teide] 08/8/2017 16:50

Blatant price manipulation today - 85% of the shares (over 300,000) traded today were at prices well above 220p - yet the small closing auction was at 218.5p.

Number of shares traded at prices below the closing auction price during the day? Try two AT trades totalling barely 1,000 shares!


Great to see Copper surge to a new two year high this afternoon @ $2.9415

[waterloo01] 08/8/2017 16:45

Profit, not revenue. Taken a small position earlier in the week.

[shakeypremis] 08/8/2017 16:44

Copper going for it again. Someone mentioned on here that each 1c increase in the copper price equates to circa $315,000 of extra revenue based on last year's production numbers. Very nice.

[mount teide] 08/8/2017 12:30

Tiny AT trades being used to move the share-price lower:

220.25 - 147 shares
220 - 152 shares
217.5 - 54 shares
217.25 - 600 shares

while today some 225,000 shares were traded, with more than 200,000 at prices above 220p.

[shakeypremis] 08/8/2017 09:37

It looks as if - from a charting point of view - that it's retesting the downward trendline from the high seen in February. Here are a couple of charts:

hxxps://ibb.co/duPNcF

hxxps://ibb.co/e45Ojv

It does look like it is holding nicely above those two downtrend lines though.