Ripley94
22 Sep 2017
Re: Reverse takeover Just been told the book has closed , it was not open to retail investors.They are putting an RNS out this afternoon with price. ( if anyone sees it please post )Resume trading Monday.
Bowman
22 Sep 2017
Re: Reverse takeover I think it is termed a reverse takeover because the target is actually larger than the acquiring Company. However CAML is actually buying the assets so they have to pay. It seems that the CAML Board will control the enlarged Company.
Oofy Prosser
22 Sep 2017
Reverse takeover Perhaps I am being a bit simple, but if this is a reverse takeover, then why are CAML having to raise funds to pay for it ?This might be good long term news, but I am not so sure about the short term.
Bowman
22 Sep 2017
Re: Announcements galore "Will the placing be offered to small shareholders"The answer is no. The RNS (RNS Number : 5343R) clearly states "IMPORTANT INFORMATION ON THE PLACING FOR INVITED PLACEES ONLY. MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE THE PLACING." at the beginning of Appendix 1.
Greyinvestor
22 Sep 2017
25th September Seems to be the re listing date on the market......which will clarify a new price.......
Greyinvestor
22 Sep 2017
Announcements galore Lots of announcements today.Half year results look excellent to me; profits up 50%, piles of cash in the balance sheet, DPS raised to 6.5p. What's not to like?Then an announcement of a big takeover. There is mountains to read and at first glance it looks a bit expensive. But in the end I'm reasonably convinced by it.Then you end up scratching your head and wondering what to do. Right now I'm not sure. Will the placing be offered to small shareholders, and does it matter?The shares should be requoted by the end of the month.I wish I'd bought a lot more CAML to begin with....
Vosene
13 Sep 2017
Re: time scale There was no announcement of the results in August like we usually get, which shows this situation was already in train back then. According to the advfn thread, the company has cancelled next week's appearance at an investor forum. All points to imminent news.
charlie51
13 Sep 2017
Re: time scale True. We are due the half year report about now - does suspension of the stock prevent from releasing it? Anyone know?
Bowman
13 Sep 2017
Re: time scale The announcement RNS stated "The Directors will make further announcements in the coming weeks if, and when, they become appropriate."Consequently I am not expecting any further information to be published before the end of the month. We just have to be patient, and hope the "negotiations" prove fruitful and are concluded soon.
DIE HARD 1
12 Sep 2017
time scale how long will it be before we know
jaytee41
11 Sep 2017
Re: Announcement that's 2 stocks that I now hold that are suspended. The other being SAVP 
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charlie51
06 Sep 2017
Gary 'Thunderclap' Newman view Posted, very usefully imv, on ShareProphets today...'Although you can’t currently trade shares in Central Asia Metals (CAML), given my bullishness on the company I felt that I should take a look at the current situation following news of a suspension in trading at the start of the week.Often when you see this type of RNS from an AIM resources company you immediately assume the worst, but in the case of Central Asia Metals I still very relaxed about the decent sized shareholding that I have in this Kazakhstan-based copper miner. In this case, the news was cited as having been sparked by a press enquiry about advanced talks that it is currently having with a third party, which could ultimately lead to a reverse takeover.This news seemed to cause panic and plenty of speculation amongst private investors on the bulletin boards, with all sorts of theories being put forward – the favourite seeming to be that a deal was being done for fellow AIM-listed miner Atalaya (ATYM), and its Spanish copper operations.I’m not really sure where people got that idea from – other than maybe trying to give shares in Atalaya a further boost! – but not only does it not really fit in with the part of the world where Central Asia, and those running the company, have typically operated, but it also wouldn’t constitute a reverse takeover anyway, so I think we can dismiss that as a possibility.A reverse takeover under AIM rules typically involves a private company using it as a way of gaining a market listing, especially on markets such as the UK, without having to pay the fees, and often the listed company will just be a shell. Alternatively, it can also involve a company taking over one with a greater market cap, but if that was the case here and the other business was listed in London, then I would expect trading in that company to have been suspended at the same time.The difference here to many situations is that Central Asia has been performing very well of late, and people are expecting the next set of results to be even better, with further significant cash build on top of the $40 million odd that it had in the bank at the end of 2016. It also makes a very healthy net profit – over $26 million for 2016 during which time it achieved an average selling price of just $2.26 per pound for its copper. The metal has now convincingly broken above $3.1/lb, and the company should be in a very strong position financially.At a share price of 255p and a market cap of £280 million – not to mention a very healthy dividend yield in the region of 6% - I would argue that many investors had half been expecting a bid to come in for the company, given how cheaply it appeared to be trading. With that in mind, I can see an outside possibility that this current move is actually to fend off potential predators looking to take the company out cheaply.When it comes to exactly which private company it could be looking to do a deal with, that is anyone’s guess, but given that Kazakh oligarch Kenges Rakishev holds over 19% of the shares here, I wouldn’t be surprised if it involves one of the many companies under his control. If that is the case then some may see that as a concern, but given that other institutional investors hold around 47% of the shares, they aren’t going to let a deal go ahead unless it is of benefit to the company.I believe that is also the case when it comes to the board, who not only have built the company to a level where it is making a profit, but since listing in 2010 have also managed to return all of the $60 million raised initially, via dividends – a minimum of 20% of gross annual revenue - and share buybacks. So it certainly isn’t an outfit that is in the business of milking investors! It is also a company that has been extremely careful with its money and investments, so I would have to assume that the current opportunity is too good to ignore, given that it was only last November when it acquired an 80% interest
Greyinvestor
04 Sep 2017
Re: Announcement Thanks cat. Looking at the shareholders, it looks most likely to be the Kazakhstan director behind this. I've never been through this, so hope that we either get a decent wedge of cash, or an offer to stay in something good.....The other institutional shareholders look good and will hopefully defend our interests......
catsick
04 Sep 2017
Re: Announcement They have been approached with a bid, but the buyer wants to retain the listing so it is a reverse takeover in that caml will aquire the bidder but end up with a much smaller shareholding than the other larger party who will then control the whole thing, these are often viewed with a bit of suspicion but it may be that the deal is something like we get some special div of 2.50 and retain shares in the new larger co which keeps the listing of caml , given the cash this throws off any bid/deal will have to be very attractive and have some large cash element to it to make it worth considering ....
Greyinvestor
04 Sep 2017
Announcement Does anyone understand todays announcement, or have any background?I am a holder of these shares, but haven't a clue what is going on........
