Central Asia Metals Share Discussion Threads

[mount teide] 15/10/2017 11:29

Metal Pricing - Zinc, Lead and Copper spot pricing has continued to strengthen markedly during the last month, resulting in a further lift in average prices for 2017.


Zinc
Averaged $0.95/lb in 2016
Averaging £1.27/lb to date in 2017 (33.6% up, from 32.0% up in Sept)
Is currently trading at $1.50 (57.8% above 2016 average and 18.1% above 2017 average)

Lead
Averaged $0.85/lb in 2016
Averaging $1.04/lb to date in 2017 (22.3% up, from 20.1% up in Sept)
Is currently trading at $1.14 (34.7% above 2016 average and 10.1% above 2017 average)

Copper
Averaged $2.20/lb in 2016
Averaging $2.75/lb to date in 2017 (25.0% up, from 23.6% up in Sept)
Is currently trading at $3.13/lb(42.2% above 2016 average and 13.8% above 2017 average)

EBITDA
2016 - CAML $39m + Lynx $30m = $69m
2017 - H/1 CAML $24m + Lynx $34m = £58m

All three metals to date in H2/2017 are continuing to average significantly higher prices than in H/1.

Current spot prices relative to H1/2017 average prices are:
12.2% higher for Lead,
20.3% higher for Copper
23.1% higher for Zinc

If 2017 Q4 forecast production is achieved then, barring a dramatic collapse in metal pricing over the next 10 weeks, 2017 EBITDA for CAML and Lynx combined may well top $120m in 2017 - equivalent to a 74% increase in EBITDA over 2016 for the combined operation.


Source: Kitco and CAML 2017 Interims and Acquisition Presentation.

[ntv] 13/10/2017 17:52

good run up today

[mount teide] 13/10/2017 13:35

First buys at 250p since news of the RTO.

L2 like Copper @$3.13/lb looking very strong.

[mr.oz] 12/10/2017 20:30

Keep up, dear

[samdb] 12/10/2017 20:10

This has been known for weeks. It was part of the placing news.

[joan of arc] 12/10/2017 19:26

So Rakishev has disposed of over 10 million shares. what are we supposed to make of that?

[samdb] 12/10/2017 17:05

Every metal that CAML now produces is climbing to new highs.

[mr.oz] 12/10/2017 16:24

Anyone party to Peel Hunt's analysis and 295p target share price please?

[mount teide] 12/10/2017 07:17

In its latest World Economic Outlook released today, the IMF raised its growth forecast for the Chinese economy to 6.8% this year and 6.5% next year.

According to IMF, the upward revision to the 2017 forecast reflects "the stronger-than-expected performance in the first half of the year underpinned by previous policy easing and supply-side reforms."

"There have been a lot of achievements in economic management in China...I would say that the 6%+ path that China is now on will be sustained for quite some time"

[mount teide] 11/10/2017 13:33

According to Euroclear's latest report, the stock on loan declined to 0.32% in September from 0.45% in August.

[zho] 11/10/2017 12:16

Central Asia Metals PLC (AIM: CAML) announces that all resolutions proposed at the Extraordinary General Meeting held earlier today were duly passed.

Application has been made to the London Stock Exchange for the 49,150,000 Company Placing Shares to be admitted to trading on AIM ("Admission"). Admission of the Company Placing Shares, and settlement of the 10,605,875 Selling Shareholder Placing Shares, is expected to occur at 8.00 a.m. on 12 October 2017.

[ashehzi] 11/10/2017 12:02

so shareholder meeting today at 1100 hours granted approval?

[zho] 11/10/2017 11:23

See Results of Placing RNS:

A total of 49,150,000 new ordinary shares (the Company Placing Shares) and 10,605,875 existing ordinary shares (the Sale Shares and, together with the Company Placing Shares, the Placing Shares) of US$0.01 each in the Company have been conditionally placed by J.P. Morgan Securities plc

[lord gnome] 11/10/2017 10:56

A block of 10.6 million shares have just gone through the market. Overhang cleared, or just part of the recent fundraising? Price moving up a tad now.

[ntv] 06/10/2017 19:06

the trouble is if you have to lease the batteries like a lot of the deals then it is still not financially viable but it could be that consumers are forced to electric cars.
electricity and power network companies will have major infstructure upgrades to do but profits will be sweet.

[oohrogerpalmer] 06/10/2017 17:22

It's another step along the way.
The first cars were only capable of 5-8 mph.
In 10 years or so they will have batteries doing what Masurenguy is asking plus more.

[hpcg] 06/10/2017 16:59

Masurenguy - I don't think I can agree with you there either. 200 is a slim range for any distance travelling, but not much worse than the 250 range of a 2000-10 era Ford Mustang. Six minutes does require a bigger charging foot print, but then with people being able to refuel at home (those with off street parking at least) there would likely be fewer external refueling operations.

The barrier in just about every country except for Norway is electricity supply and distribution capacity, not least the last mile.

[lord gnome] 06/10/2017 16:49

I can't agree with that Masurenguy. Those numbers would encourage me to buy one. 200 miles is my maximum without a stop for a break and it takes me more than six minutes to have a coffee and pay a visit. Filling the car up overnight to ensure a full 'tank' every morning, would cover me easily for 300+ days of the year. Where do I sign?

[masurenguy] 06/10/2017 15:59

6 minutes and 200 mile range are both inadequate ratios. A battery needs to have a range of at least 350 miles, and a recharge timeframe of no more than 3 minutes, to be a viable alternative to gasoline. Another option might be to exchange batteries - a run down for a fully charged - at a roadside recharge point with a price for the energy charge.

[oohrogerpalmer] 06/10/2017 15:42

Trouble is though you need a trailer to tow the battery😁
Would be a huge development if they could actually do it.

[fangorn2] 06/10/2017 15:25

Holy moley... 6 minute recharge, that's huge...

[mount teide] 06/10/2017 14:37

Electric car batteries capable of a 200 mile range — and recharged in six minutes —have been created by Toshiba in what could be a huge breakthrough for the electric car industry.

In addition to the speedy recharge times the battery retains 90 per cent of its initial capacity even after 5,000 charge/discharge cycles.

[edjge2] 06/10/2017 08:09

hpcg
thanks 4 clarification
Nice to see them up and divi to boot. Shows strength as divi worth more than a sneeze.
OTT GPP no divi but worth a look when gold $1200 I think, stonking company.

[hpcg] 05/10/2017 15:31

Dividend timing discussions never fail to amuse me, it is on the one hand pretty basic stuff and on the other something for which there should be a comprehensive understanding to operate properly. It would possibly help if the investment industry had a snappy term for "the last day you have to be holding to collect the dividend".

0 - "the last day you have to be holding to collect the dividend"
1 - "the first day you can sell and also get the dividend" aka ex-dividend day
"or if you buy today or after you won't get the dividend, day"
2 - "day they check the register for whom to send the dividends to" aka record date

At the moment we have 2 day clearing for transactions. Not so long ago it was 3 days, and the sequence went like this:

0 - "the last day you have to be holding to collect the dividend"
1 - "the first day you can sell and also get the dividend" aka ex-dividend day
2 - nothing special this day
3 - "day they check the register for whom to send the dividends to" aka record date