Copper looks bouncy again
I bought a few more yesterday. Super dividend also!
The divi is pretty tasty. I added a little bit, not one to trade really. Just add a few when it’s low and hang on
copper sudden surge
Huge sell trade cleared yesterday. Probably being worked for a while looking at the chart. Cleared, might move up now
bought a couple more this morning. $67m cash no debt and pays a whopper dividend, copper price booming since new year. Peel note below after todays numbers;
Central Asia Metals (CAML LN, 285p, Buy) (Company Update) - Closing cash slightly higher than we expected
We continue to believe CAML shares are undervalued, trading at 2.3x our 2025E EBITDA and just 2x 2026E EBITDA. We make no changes to our forecasts, and maintain our TP of 285p and Buy recommendation.
I also got some more abit earlier.
Sometimes I feel like throwing a load into it, the divi is insane… but I have to keep giving myself a slap and stay within my % of portfolio rules haha. Hopefully won’t have to add lower than around here
I’ve added a tiny one last bit (honest it’s the last lol)…
There’s definitely been a seller holding this back … but copper is absolutely flying. Surely something has to give
I think it’s dirt cheap and when I can I’m buying 25% of my current value! Is it very low and worrying but there’s lots of promise and good market sentiment for this maybe 12 months on!
I can’t remember where the articles was on tbh
There’s someone / something putting pressure on it. Feels like a large seller, as you can get huge quotes at times. The good news is they seem to be doing it orderly is this 1.56 to 1.60 range. I suspect when whatever is finished you’ll see a large sell printed and it will move up quite fast.
I’m still down on this one. Not much but will keep topping up when I get chance. Healthy div helps
Needs to hold off so I can buy at this lower price
It completely puzzles me this one. The divi is good though in meantime.
This is like the Lloyds one ,
Lloyds profits down but put dividend up
Caml has no debt (if I’ve got the right company here) and share price dropping (for now)
Is that you entry or buy in point @smacker (£1.60)