CAML - central asia metals CEO interview

Thursday, Sep 20 2018 by
8

https://www.youtube.com/watch?v=YtNUIAnmZPc

13 mins interview - covers recent results and future prospects

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Central Asia Metals plc is a United Kingdom-based copper producer with operations at Kounrad, Kazakhstan, and a zinc and lead producer at the Sasa mine in Macedonia. The Company operates through three segments: the solvent extraction- electrowinning (SX-EW) copper plant at Kounrad in Kazakhstan; the Sasa zinc-lead mine in Macedonia, and the Shuak exploration project in Kazakhstan. It produces copper from the Kounrad in-situ dump leach and SX-EW operation close to Balkhash in central Kazakhstan. Sasa is a zinc, lead and silver mine in Macedonia, approximately 150 kilometer (km) from Skopje. It also operates Shuak, which is a copper and gold exploration project with a license area of 197 square kilometers in northern Kazakhstan and 300km north of Astana. Its subsidiaries include CAML Kazakhstan BV, Shuak BV, Sary Kazna LLP, Kounrad Copper Company LLP, Ken Shuak LLP, CAML MK Limited, Lynx Resources Limited, Lynx Mining Limited and Monresources LLC. more »

LSE Price
223.5p
Change
1.1%
Mkt Cap (£m)
388.9
P/E (fwd)
7.8
Yield (fwd)
6.3



  Is LON:CAML fundamentally strong or weak? Find out More »


5 Posts on this Thread show/hide all

covkid 20th Sep '18 1 of 5
1

Having bought into CAML a few months ago & seen a fall in the SP this interview is very encouraging - thanks Nick for sharing.

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Square Mile Junky 20th Sep '18 2 of 5

Very useful as the SASA asset is often used in comparisons with EUZ Toral asset which keeps increasing in size. The 30%-50% of free cash flow s dividends is encouraging as is the Q4 potential for acquisition activity. Thanks for sharing.

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Zoiberg 22nd Sep '18 3 of 5

He can't disguise the fact the the sp is directly linked to the price of copper lead and zinc. These shares work in an upswing in the commodity cycle because the increase in price goes straight to the bottom line. He uses phrases such as they have 'survived' and ' remained profitable' during previous downturns. Not for me.

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JollyBiologist 22nd Sep '18 4 of 5
2

Yes, but isn't that the attraction, the low cost extraction method for copper keeps it profitable in the downturn, whilst in the background the copper supply gets tighter and tighter? (see e.g. https://seekingalpha.com/article/4162110-copper-fundamental-outlook-buy-dips). This is one of my largest holdings because it pays generous dividends whilst waiting for the inevitable crunch.

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nickwild 23rd Sep '18 5 of 5
3

CAML is a very low cost zinc and copper producer (bottom quartile) and pays an excellent divi. It is therefore relatively protected in downturns and a good play on any commodities upturn and on dividend income. I think it is a good long term investment as part of a balanced portfolio. The management have cash ($40M) which they may use to buy another mining resource if a low cost safe environment asset can be identified. If not the possibility of capital return to shareholders is another attraction.

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