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Central Asia Metals - Eps to be ahead of expectations

February 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Central Asia Metals announced Q4 ’21 copper output of 4,100 tonnes, up 9% year-on-year but down 11% on the record Q3. Full year output was therefore up 1%. At Sasa, Q4 zinc and lead production fell 12% and 13% year-on-year, respectively, due to weaker ground conditions, but higher commodity prices offset lower expected production. The group’s Cut and Fill capex program at Sasa provides a solution to these challenges (see main write-up last January).The main story is the near record copper prices and low cost nature of production, which means it has paid off US$47m debt and with free cash flow of US$41.5m in ’21 rising to US$52.5m this year (as its ill-timed hedges expire), VSA Capital forecasts net cash of US$81m by FY’22 and ...

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Beloir

Trader Portfolio 2

Central Asia Metals (May 2024)

Central Asia Metals - Swings to net cash of US$59.2m (May 2023)

Central Asia Metals - Low cost producer sees copper prices hit 6-month high (February 2023)

Central Asia Metals - Net cash increases to US$39m (November 2022)

Central Asia Metals - Prospect of higher prices drives chart break-out (May 2022)

Central Asia Metals - Low cost copper producer on PE of 6.8 (March 2022)

Central Asia Metals - Net cash of US$150m forecast by FY 23 (November 2021)

Central Asia Metals (September 2021)

Central Asia Metals - Shares pop over 270p (May 2021)

Central Asia Metals - Hedging 30% production (February 2021)

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