Primary Recommendations

Central Asia Metals - Low cost producer sees copper prices hit 6-month high

February 2023

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.

One of my New Year Naps for 2023, published last month, is Central Asia Metals (CAML), which uses unconventional but highly profitable chemical processes to extract (or leach) copper from waste dumps in Kazakhstan. As I write this, copper has enjoyed its strongest five-day gain powering through US$9,000/tonne with traders betting on increased Chinese demand (UK broker SP Angel points out that copper calls are at their highest level on Comex since 2021). Speculative traders are betting on copper to hit US$10-12,000/tonne by September, helped by the rapid reopening of the Chinese economy and news that China’s state grid will invest US$77bn into the nation’s infrastructure this year, boosting demand for copper. Cop ...

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Central Asia Metals (May 2024)

Central Asia Metals - Swings to net cash of US$59.2m (May 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 - Eps to be ahead of expectations (February 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)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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