Central Asia Metals Share Discussion Threads

[jonny flame] 13/6/2011 20:10

Still here and still holding this much undervalued and off the radar stock, IMHO of course, I'm happy to hold CAML long term the story could be a very exciting one :) IMHO. Back to sleep on this one now.

[engelo] 13/6/2011 18:40

Calm as a millpond till someone picked up 81k at end of day.

[resource invest] 31/5/2011 23:36

It's a long term bull market. Yes speculators are involved, yes prices will run ahead before correcting before running ahead again, yes investment houses cause demand well over what would be there if there were not investing. It's called a commodities bull market at as jim rogers has demonstrated these are cycles that last on average about 16 years. Only in previous bull runs you didnt have the additional force of the two largest countries in the world becoming industrialised and growing at very high rates. They also didn't have a global collapse in the middle of them which caused many large mines to be mothballed or put on hold for a few years.

What ever the price is today or tomorrow I think you can be very confident (baring china exploding in some way) that we are only about half way through the bull run.

[larney] 31/5/2011 17:18

Interesting and thought provoking programme on Copper, i don't really know who to believe but one thing is for sure everyone has an agenda.

[jonny flame] 25/5/2011 19:14

...reckon they will be. Personally, I see cu heading towards $12,000 US a ton sometime in the next 1-3 years. Just my humble opinion, but if the other commodities like gold and silver go to the prices some are talking about then some of the other commodities will rise with them...and lets not forget, the supply/demand scenario for cu is very appealing.

[resource invest] 24/5/2011 13:50

Goldman target of $11,000/ton Cu Nice timing for CAML if it is correct.....

[wassapper] 22/5/2011 14:00

A very positive article about copper demand now and long term. CAML will throw off huge amounts of cash if the wheels keep on this global GDP truck ...

[resource invest] 18/5/2011 23:21

Good stuff guys. I believe this is the starting push......

[wassapper] 15/5/2011 13:23

some of us haven't left it too late!

Backing up the truck.

[resource invest] 12/5/2011 17:39

We are coming close to switch on time for this Those looking to get stock before blast off better take their positions. When this moves it will move very quickly.

Production now seems certain to start at latest mid Q4 this year. Directors keep strongly keep pushing this in all communication.

I was particularly pleased to see the mention ALREADY of returning cash to investors. Love the sound of that. Also looking forward to upgrade of reserves so that they can announce doubling of plant size to produce 20,000 tonnes cu/annum

By November I see them with an operating mine scaling up to produce 10000tpa copper. I believe they will have upgraded reserves allowing them to announce plans to commence increase in plant capacity. I believe they will use first years cash flow to double initial plant capacity. Thereafter they are going to be awash with cash. More than $120m/annum. So they could pay us a nice dividend of 90p per year for the next 15-20 years. Sounds good to me!!

Don't forget this mine is fully funded out of cash. No debt, lowest decile of cu mine operating costs.

Don't leave it too late guys.......

[jonny flame] 15/4/2011 08:50

Kounrad - "The results of the feasibility study indicated an estimated capital cost to construct the SX-EW plant of approximately $47 million and cash operating costs below $1,000 per tonne of copper produced. This is considered to be in the lowest decile of global copper producers and make the economics of Kounrad compelling".

Alag Bayan..."Following analysis of the second IP Survey results mentioned above in March 2011, an additional drilling programme of two 2,000 metre holes will commence in May 2011".

Handgait..."Whilst CAML management have received several expressions of interest in the property, they are not considering a disposal at this stage of exploration. The near term focus of the Company is to conduct limited additional drilling of approximately 1,500m in the Handgait area in 2011 in order to further prove up the resources. The price of molybdenum has recovered since 2008 and is now around $18 per lb".

Ereen...Following on from a strategic review of the Company's assets in 2009, a decision was taken to sell the Ereen project. A number of parties have expressed a strong interest in the Ereen project since that time and the Board has concluded that should a sale not be achieved in the near future on acceptable terms, consideration may be given to further develop the asset and firm up on the resource estimate by additional drilling.

Tochtar...The asset was sold to Wildorf Holdings LLP on 18 February 2011 following on from lengthy negotiations. The sale is conditional upon State approval under Article 71.

Financial Objectives...The key objective for 2011 is to complete the construction of the SX-EW plant at Kounrad by the end of the year, produce a minimum of 200 tonnes of cathode copper and ensure that the project is completed within the $47 million capital budget

Income Statement

The consolidated net loss after taxation of the Group in respect of the year ended 31 December 2010 amounted to $5.8 million (2009; $15.0million). This is a marked improvement on the net loss before taxation in 2009 although there were some significant charges in both years which make comparisons difficult.

Revenue of $1.4 million (2009: $1.1 million) was all generated from the sales of cathode copper produced by the pilot plant with a total of 225 tonnes being sold at an average price of $6,426 per tonne.

[jonny flame] 13/4/2011 18:48

They have been updating the website, really surprised at the lack of interest considering the economics of Kounrad and that it is a near term producer;



Project Development
•BGRIMM\'s 10,000tpa commercial plant feasibility study was completed in Q2 2010.
•The management has approved a phased development plan, with Phase 1 targeting 10,000 toones per annum copper production rate in Q2 2012 at estimated capital cost of $ 46.9m.
•Ground work for the commercial SX-EW plant at site has already commenced.
•Phase 2 developments are scheduled to possibly double production to 20,000 tonnes per annum.

Key Assumptions
•Capital estimate: $46.9m
•Copper recovery rate: 40%-50%
•C1 cash operating costs: $0.38/lb
•CAML NPV at 10% and $3 per lb of copper $152m
•Breakeven copper price: c.$1.05/lb

[dick grasso] 13/4/2011 17:50

Do you hold here wassapper? I sold in the mid 80s due to the Japan and general economic situation (nothing more!) a few weeks ago and haven't bought back in yet! I note the volume and rise today which has brought it back to my attention!

[wassapper] 13/4/2011 17:46

Good day today Jonny - they must have been buys I guess. Transfer from one holder to another?

[jonny flame] 13/4/2011 10:18

Guys, any ideas on the massive trades which have gonr through at 76p today? If they were sells surely the share price would have dropped? Are they roll overs or something??

[attrader] 11/4/2011 22:07

Yep , still here , though very cautious about copper price . And may be that's why share price drifted downwards.

Oil price is well up, sovereign debt issues are still there and inflation going through the roof. Does it mean that world economy is going to tumble soon. I don't know, for some reason i cant see enough positives for world economy in near future.

I think others here have been investing for much longer than me. I will be glad to read the views ..

[jonny flame] 11/4/2011 11:05

I picked up around 3ks (GBP) worth this am.

[arej] 11/4/2011 10:21

Still here and pleased to see that Blackrock agree that CAML is a good buy at this price.

[resource invest] 10/4/2011 19:31

I am as confident as ever. Just need patience.....

Only thing that has changed with the drop in share price is that CAML is even better value then it was a month ago!!!

You are not alone JF. But we are definitely here ahead of the herd.

[jonny flame] 09/4/2011 09:13

Anybody else here? Is it me or is CAML getting very cheap? IMHO, perhaps the sell off is due to bored PI's selling, and as the sells gradually impact negatively on the share price more PI's start selling as they think a) I better sell now or risk losing more or b) they think there is something wrong, which in most cases is not justified/logical, and so sell out. Then suddenly the share price will bounce 10-15% in a day as PI's realise the share price has been sold down too far or an RNS comes out that satisfies the market that all is well, thus triggering a buy back. I have seen this happen over and over again.

[jonny flame] 26/3/2011 09:10

Worth looking at the March 16th presentation;