Initiation Research from QuotedData

RNS Number : 4525R

Central Asia Metals PLC

09 March 2016

 

Central Asia Metals PLC - Initiation research from QuotedData

9^th March 2016

Dividend-paying, low cost copper producer

Central Asia Metals (CAML), recorded a profit in its first year of operation (2012) and has remained profitable ever since. It has paid a generous dividend each year from cash earnings, currently 8.6% yield, something of a novelty for a junior mining company and has returned to shareholders all the funds it raised (US$60 million) in its 2010 IPO (initial public offering). CAML's main asset is its Kazakhstan-based Kounrad copper-recovery plant, which recovers copper from waste originating from the Kounrad open-pit copper mine, giving it some of the lowest costs in the industry.

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NB: this note has been prepared for Central Asia Metals by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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