I spent two years working along Sam Bottell as he worked with minesite and oilbarrel and he is a good, honest and clever chap. Now that he is starting his career freelance writing I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…
On AIM among mining stocks the norm appears to be for projects to be delayed, to run over budget and for companies to be constantly issuing shares to raise cash to keep going as a result. Central Asia Metals (CAML) bucks all three trends. Perhaps that is why whilst most mining shares fell sharply during 2012, Central’s share price of 122.5p is just 1p below the year high and values the company at £105.7 million. The company is now engaged in a material return of capital to investors via buybacks and dividends that will more than underpin the current level – indeed I suspect that this stock could trade at 150p within a year and here is why.
on TradingResearchPoint | Comments