There are times when a large background seller can present a good buying opportunity, and an institutional investor offloading shares isn’t always a sign that the company is failing to perform.
On the AIM market these days it seems as though many would far rather buy into the latest pump and dump on a piece of junk, than invest in a company that is actually running its business properly and making money. The problem with putting your money into junk is that at some point true value normally shines through and the resultant share price crashes can be spectacular.
A few weeks back I wrote a piece here suggesting that Central Asia Metals (CAML) was one of the best value mining shares around, and following the release of its final results I believe that to be even more the case now.
Copper has been showing some signs of weakness in the past week or so following an unstoppable rise from around $2/lb during the early part of 2016, and despite the pullback it is still trading much higher, at around $2.62/lb, as I write this piece.
I have tried to shy away from the daily chart configuration of Central Asia Metals, with the main reason being the way that this is clearly a relatively illiquid situation.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Central Asia Metals (CAML) and Mariana Resources (MARL) setting share price targets for both. I also look at the gold price.
In the wake of calendar 2013 results from Central Asia Metals (CAML) convicted felon Champagne Charlie Gibson of Edison has slashed his target price for the stock from 221p to 2012 but at 180p reckons the company is “on track and looking to grow.”






