Updates

Central Asia Metals - Net cash increases to US$39m

November 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.

CAML delivered record interims (EBITDA +16% to US$74.9 million) with EBITDA margin also improved to 63% (H1 2021: 61%), thanks to stronger commodity prices. A net FX gain of US$7m alongside lower interest charges meant net profit rose 72% to US$53m. At the SASA mine (N. Macedonia) EBITDA increased 32% to US$35m reflecting higher revenues as zinc and lead prices rose 3% and 30%, respectively, offsetting a 5% reduction in the quantities of ore mined and milled. Costs per tonne rose 9% (labour +15% and rising consumables) but was offset by favourable FX (the Macedonian dinar is linked to the weakening Euro), lower negotiated treatment charges and fixed electricity prices to June ‘22. However, a c.US$3 increase in power costs are exp ...

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Hollywood Bowl

Judges Scientific

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 - 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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