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On the face of it, looks like a great set of results, with record production, and Gold production to exceed target, Net debt has increased, primarily due to capex, let’s see how Mr Markets reacts.
when would you think we get answers Auto,if going down that road Feb ,late winter ?
I am assuming that they will get a partner and also they stated in the conference call that the debt for Baimskaya would be over a longer period of time so I am hoping that they will be producing before big repayments are due
The average copper price for this year so far is 2.73,and Kaz is struggling to pay off the debt,hence the 15% fall after the results, and the share price hasnt recovered.In January the Ftse mining index and copper were the same price as they are today and Kaz was 547
Copper needs to be above 270 constantly throughout next year which I don't think will happen
Everybody is lowering their forecasts on copper mainly due to Chinas lack of growth
and any deficit seems to have been defered until 2021, after,in which time it won't matter because the debt repayments are lower and Atokay 2 will be starting to produce
I would think so, and the obvious is the very significant upside when copper rises again. Sooner rather than later hopefully.
If copper prices hold this mark.kaz should sail through next year paying loans Back .
Yes, it may be insignificant as you say. I noticed the following broker update which might be of interest. There's a mixed bag of views generally. Wishing you well here.
Zacks Investment Research downgraded shares of KAZ MINL PLC/ADR (OTCMKTS:KZMYY) from a hold rating to a sell rating in a research report released on Friday, Zacks.com reports.
Several other research analysts have also commented on KZMYY. ValuEngine lowered KAZ MINL PLC/ADR from a hold rating to a sell rating in a research report on Wednesday, October 16th. Credit Suisse Group raised KAZ MINL PLC/ADR from an underperform rating to a neutral rating in a research report on Friday, June 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. KAZ MINL PLC/ADR currently has a consensus rating of Hold and an average target price of $5.25.
https://rivertonroll.com/news/2019/10/22/kaz-minl-plc-adr-otcmktskzmyy-stock-rating-lowered-by-zacks-investment-research.html
Looks pretty normal to me can you explain further
There's certainly been a large voulme of late trades both buys and sells. Intriguing..
You never know we may get some good news on debt restructering for next year or am I being a bit optimistic
Well we are both right in some sort of way then
I thought copper be stronger with Chile etc, up beat with trade talks ,may be up tomorrow .can see share price dropping on Thursday though ,with targets meeting expectations,
It's normally only production figures in q3 and projections for full year
Rastus seems to think we get a bit more ie earnings,capex etc but I disagree
Does any one know what are the (analysts) expectations for Kaz on Thursday? Or is this a interim update and will have little or bearing on the share price.
Morning all. should be a good day pushing higher.with sentiment traded talks.
Yes doing well against Anto makes a change
Still a long way to go
Could see 540 Auto, brexit signed off.yanks drop rates,and trump signs agreement
Ftse mining index up over 300 points Kaz normally rises about 5p with every 100
Also copper up and maintaining initial upwards movement ftom last week needs to push to 270
Dollar has been down the last few days which has helped copper price but if we don't get a Brexit deal today then the pound could fall and copper and Kaz with it
Is that why share price is rising today?!, it also helps that US/China trade talks are looking more positive, fingers crossed it won’t be another buy on rumour & sell on news cycle.