Instead of speculating on the value of gold, I think metals miner Central Asia Metals (LSE: CAML) is a British inventory to buy. Inventory recovered well from its coronavirus valleys by strengthening commodity values.
But on Monday, the copper, zinc and lead manufacturer informed the market of a “short-term” leakage of river lines from its underground zinc and lead mine in Sasa, Northern Macedonia.
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Inventory plummeted by about 17% last Friday in anticipation of the announcement, as inventories do, and recovered a little this week.
Today’s 6-month effects report provides a little more information. CHIEF Nigel Robinson said in the report that the likelihood of a prolonged closure of the processing plant is low.
So, this challenge can be just a short-term opportunity to buy the shares at a higher price, assuming the company manages to solve the challenge quickly, while administrators delay declaring a dividend on account.
In the spring, the company got rid of the annual split finish due to uncertainties caused by Covid-19. However, they had planned to repair the dividing finishes now. He cited “strengthening steel costs and consistent operational performance” since the end of June.
However, before proceeding with dividends, the company wants to be more clear about the charge and the most likely time to correct the tailings dam leak.
Robinson said he would inform the market of the “short-term” challenge. Meanwhile, the company “temporarily” stopped production at the Sasa mine, the leak stopped shortly after it occurred.
To put things in perspective, Sasa’s operations are due to the fact that last year they generated around 38% of the company’s total profit before tax, with the rest coming from the solvent electrowinning copper recovery plant. (SX-EW) at the Kounrad mine in central Kazakhstan and Kounrad remains operational.
Together, operations in North Macedonia and Kazakhstan produced what Robinson described as a “solid” set of effects in the first part of the year. Intelligent cash functionality in “difficult” operating situations due to the Covid-19 and in a lower steel value environment.
Net debt was reduced by approximately 27% to approximately $59 billion due to a 35% to $44 million money balance accrual and debt payments of just over $19 million.
In fact, finance seems to be moving in the right direction, revenues for the consistent period have fallen by 16% in a year, and earnings consistent with the percentage of continuing with profits fell by 33%.
There’s a lot to look forward to. After the end of the period, the company’s operations team completed its Sasa Life of Mine study, and its findings recommend that replacing the existing sublevel sinking approach at cut closure will offer benefits. will enable maximum recovery of mineral resources and safer operational practices, as well as longer-term innovations in the elimination of relaves.
With a percentage value close to 154 pence, the cost of the eBook is close to one. Meanwhile, city analysts observed a false profit recovery in 2021. I think the inventory looks horny and I can invest up to a million.
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You will see, over the last 3 years, this AIM-listed company has progressed slowly. . . rewarding its percentage shareholders with a profitable percentage value expansion through an orchestrated structure and purchasing strategy.
And with a top-notch control team at the forefront, a proven and well-executed business model, as well as market-leading positions in high-margin niche products . . . our analysts say there’s still a lot more forward-looking expansion in the pipeline.
Here you have the possibility to discover precisely what caught the attention of our Motley Fool UK investment team about this small business of more than 350 million pounds . . . in a specially prepared loose investment report.
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Kevin Godbold has no position on any of the movements discussed. Motley Fool UK has no position on any of the shares discussed. The revisions expressed about the corporations discussed in this article are those of the author and therefore may differ from the official ones. recommendations we make in our subscription facilities such as Share Advisor, Hidden Winners and Pro. At The Motley Fool, we believe that considering a varied diversity of data makes us major investors.
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