CAML this higher Copper price is driving significantly higher FCF. I think the weekly share purchases through the buy back program are almost covered entirely by the additional cash from Cu price.
We still await the acquisition.
Huge move in Cu overnight again. Now well through $10800.
This is when the lower cost producers, like CAML, start to throw off huge levels of FCF.
Perfect environment for Asiamet to get that funding locked in !!!
#SLP on cusp of monstrous move, #platinum on a tear, highest since 2014. Guidance up, cash balance $71m @ 03/25 & Thaba JV readiness closing in. Broker target may need to be revised upwards, currently 119p.
One HUGE thing people are missing about this whole ordeal which nullifies any further threat…
The US just flew 7 B2 bombers halfway around the world…
Refuelled in midair…
And bombed multiple heavily fortified targets…
Without Russia, China or any other allies picking them up.
They are terrified.
This one act I think will lead markets going higher.
#SLP absolutely itching to break out. Worth running some numbers here. You'll find this company is printing cash!! Ev circa £130m, could easily see $60m annual fcf at current basket price and with new chrome production on line.
"Is there much point continuing this?"
@NickFerrariLBC despairs at treasury minister Emma Reynolds' inability to answer basic questions on Labour's new infrastructure project.
It's an instant LBC classic...
#SLP platinum looking like it wants to run again. Technically struggling with 72p but once this breaks I think it'll move quickly towards £1. Company is fundamentally under valued and I remain fully invested from 47p