Central Asia Metals Share Discussion Threads

[samdb] 04/9/2017 08:00

What language in the RNS makes people sure one way or the other?Seems completely ambiguous to me.

[solarno lopez] 04/9/2017 07:55

because the other company is bigger after doing the class tests related to takeovers

[mount teide] 04/9/2017 07:55

Would explain the relatively muted/controlled upside of the share price to the recent $0.55 rise in the copper price since July.

[v11slr] 04/9/2017 07:52

If CAML were the acquirer why the suspension? Isn't it more likely a smaller private company making an offer for CAML?

[waterloo01] 04/9/2017 07:51

Anyone seen any press on this? Not wildly happy about suspension, especially with copper driving through $3.15, but will have to sit it out and see what they are up to. Hopefully as management are well thought of (at least by some) it will be a big plus for shareholders.

[catsick] 04/9/2017 07:50

I expect it will be a cash and shares deal, existing shareholders will end up with a lump of cash ( should be more than current share price ) plus some very much diluted shares, the company will keep its listing which may be a useful way of a local copper producer to quickly and cheaply get a london listing

[mr.oz] 04/9/2017 07:49

Could be either way. Not clear

[mount teide] 04/9/2017 07:48

Gary - CAML are potentially the acquirer of a larger company/assets.

Have exactly the same scenario going on at another of my largest investments SAVP.

[danieldruff2] 04/9/2017 07:48

CAML are the acquirer of a larger company, if a deal goes through

[basem1] 04/9/2017 07:48

I read it as a smaller company bidding for CAML

[gary1966] 04/9/2017 07:45

I am a bit confused by this announcement as to whether CAML are the acquirer of a larger company or whether they are being acquired by a smaller company.

[defcon3] 04/9/2017 07:42

It's CAML bidding for a larger company. Not a company bidding for CAML

[defcon3] 04/9/2017 07:30

The takeover target is a larger entity than CAML, hence a reverse takeover

[basem1] 04/9/2017 07:27

Thanks, very positive then !! Anyone seen the press comment from over the weekend. 40% bid premium or will it be a low ball offer ??

[catsick] 04/9/2017 07:26

Will be a shame to see this taken over , bought for 70p in 2012 and since then it has paid 50p in divs ...

[danieldruff2] 04/9/2017 07:26

One would guess the company involved doesn't have the cash balance that CAML enjoys. This is great news IMO, exactly what needed to happen, a one project company doesn't make a good investment proposition in the long run.

[grahamhacker] 04/9/2017 07:24

Definition of "reverse takeover"For these purposes, a reverse takeover is, essentially, an acquisition by a listed company of another company or business where the assets, profits, consideration or gross capital of the target company/business are greater than that of/for the acquiring company, or an acquisition which would result in a fundamental change in the business of the acquiring company.When a listed company completes a reverse takeover, the FSA will normally cancel the listing of its shares or other securities, and the company will be required to re-apply for listing. To do so, it will need to prepare a prospectus and to satisfy the relevant eligibility requirements. The latter are essentially the same as on a new listing.Previously, an acquisition by a UK listed company of another UK listed company was not treated as a reverse takeover. The new rules clarify that companies that have a standard, as opposed to a premium, listing will be subject to the reverse takeover rules. This will prevent a standard listed company from obtaining a "back door" premium listing by effecting a reverse takeover of a premium listed company (which are subject to more onerous eligibility requirements).

[basem1] 04/9/2017 07:18

Can anyone explain why it would be a reverse takeover if it's a third party ? No doubt this question will be answered over the coming hours.

[catsick] 04/9/2017 07:15

Interesting, takeover ( or reverse ) going on, should be at a nice fat premium, given current copper prices this should eventually take these much higher when or if the deal goes ahead

[mount teide] 03/9/2017 20:56

Improved market sentiment and increased expectations of demand growth in China are getting the credit for the latest rise in copper, along with a weaker $US.

Investment group Angel Commodities supports the dollar theory, predicting copper will continue to trade higher because of weakness in the US Dollar Index (USDX) futures contract.

The USDX appreciated 43% post the 2008 financial crisis to peak in Jan 2017, and has since corrected 10.1% to date.

Copper entered 2017 @$2.60/lb - and has since risen to circa $3.10/lb - suggesting currency weakness could have been responsible for close to 50% of the 50 cent rise this year.

The GBP has strengthened much less against the US$ year to date at just 4.9%, compared to the basket of currencies used in the US dollar index.

[return_of_the_apeman] 01/9/2017 16:51

Some more buying at close to or at £2.60 today as it quickly spiked again

[return_of_the_apeman] 01/9/2017 15:38

Results were 12th Sept last year

[mount teide] 01/9/2017 09:20

Copper so liked the view above $7,000/tonne yesterday, it decided to go back today for a second viewing - long term residency is clearly now on the agenda!

[basem1] 31/8/2017 17:33

Thanks guys, I've found QC\Z17 I think this correlates with the current price but it has a wide spread.

[return_of_the_apeman] 31/8/2017 13:37

I think any of the copper etfs will do except ones that track all copper miners

Copper on the up again today :-)