Added to YB: 2026-06-08
Pitch date: 2026-06-04
CAML.L [neutral]
Central Asia Metals plc
-6.21%
current return
Author Info
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Company Info
Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead minerals.
Market Cap
GBP 302.7M
Pitch Price
GBP 1.42
Price Target
N/A
Dividend
9.04%
EV/EBITDA
2.38
P/E
-4.20
EV/Sales
0.98
Sector
Metals and Mining
Category
special_situation
Merger Arb Cross-Border with 34% Spread: Cygnus Metals & Central Asia Metals:
CAML.L/CY5.AX (merger arb): Share-swap arb, 0.06 CAML per CY5. 34% gross spread (~27% net, 109% annualized over ~120 days). CAML (London producer, net cash) buying Cygnus's Chibougamau Cu-Au Quebec project. Hedge via short CAML 1:0.06. Risks: 15% break (CY5 -45-54%), CAML price, GBP/AUD FX, Sept 2026 vote (75% needed, 29% committed). +EV.
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