Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Should be good tomorrow. With drop today.figures could not mean alot to markets
BHP profits up, still went down.markets are obviously still nervous,with this virus.
Awesome Hash. Thank you. All the best for Thursday.
Hafeez. these were my earlier estimates I have now revised them upwards.....
Old estimates
Revenue 2.15 Billion
EBITDA $1200m
Operating profits $800m
Net profit 410m
EPS 0.85
Free Cash Flow $440m
Revised Numbers
Revenue $2.2 Billion
EBITDA $1300m
Operating profits $840m
Net profit $430m
EPS 0.91$
Free Cash Flow $485m before CAPEX ( but includes sustaining CAPEX in existing mines)
what we looking at 550 end of the month possible ? ,with virus damping down.
We have just had q4 results from Kaz, I’m sure that kind of set the tone for the full year.
Hash, What are your expectations for Thursday??
interesting article below
however, my view is that Kaz results on Thursday are going to be much better than market expectations especially gold doing really well last year so that would compensate for short term issues that the virus is going to bring on...
Copper
The recent coronavirus (COVID-19) epidemic has caused a heavy impact on demand and supply of copper, leading to a sharp increase in inventories in China. Downstream processors delayed their resumption of operations due to logistical constraints, delayed return of workers and the absence of approval from authorities. Smelters, meanwhile, maintained production since the Chinese New Year holiday, even as transportation restrictions led to a shortage of storage capacity for sulphuric acid and heightened risks of excessive inventory of finished goods, which would subdue production.
SMM data showed that social inventories of copper across Shanghai, Jiangsu and Guangdong stood at 403,000 mt as of February 14, up 188,000mt from January 23, the last trading day before the CNY holiday. The inventories are likely to continue to trend higher in February and exceed 500,000 mt. Meanwhile, copper stocks across bonded warehouses increased 27,800 mt, and are expected to see a larger gain following the recovery of operations of warehouses.
Smelters also saw an inventory accumulation of copper cathode. An SMM survey showed that copper cathode inventories across Chinese copper smelters increased about 50,000 mt from a month earlier to a record high of 77,300 mt as of early February, which put smelters under great pressure in terms of storage capacity and cash flows.
Inventories of copper cathode and finished goods at copper processors have barely changed, as their resumption of operations was delayed. Processors are likely to see raw material stocks decreasing while finished goods stocks increasing upon resumption amid lingering logistical constraints.
Good Morning Causal,
I hope so , I am just watching carefully now, might top up more if it slide down more.
GL
https://www.miningnews.net/research/news/1381168/copper-poised-for-breakout-when-coronavirus-subsides
Copper poised for breakout when coronavirus subsides
COPPER is trading at an historically low premium to the C1 production cost, says New York investment bank Jefferies, and as the impact of the coronavirus subsides, it does not believe a recovery in demand will be met by a corresponding increase in supply.
Morning Roydon1 ,you have your chance,it's
Judging the virus ,which is hard.if virus is
Contained earlier, than thought,with catch up
And added stimulants in the second quarter
Copper will be very strong.
Every time we manage to overcome a disaster , another one hit us !
First when KAZ finally reached £10 , they announced the Russian new mine, and it crashed to 450
Then we managed to go through the pain and reach 750 , and got hit by the Trade ware
And when we managed to crule back to 650 we immodestly got hit by the Corona
So, once we manage to climb back to 600
I wonder what will hit us next. !!!
Market Crash ??
I will have a tight stop lose in place this time !
https://www.kitco.com/commentaries/2020-02-17/Baltic-dry-copper-oil-tech-and-china-continue-to-call-for-market-crash-soon.html. A bear market will have to come ,hopefully it won't come to this!
Virus figures seen to be dropping Rastuss,and
Pulling each other commodity companies
reports,next week,mainly on FTSE. kaz should well be up to trading announcement,at least.
Prob good week for day trading.
Don't worry Roydon1,it want be bad, sentiment will rise through next week ,with other comodities Linked companies reporting ,helping sector .as said before,as tuscon said ,kaz always drops
Reporting figures. So it could cancel early week gains.we have to wait and see.would not surprise
Me if Chinese ,take a action with stimulus,next week,if a surge in virus continues.
Copper is down , again !!
IMO might re-visit 2.50 again ?
In this case , Kaz will re-test 450 !
What about the results next week ?