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I look into that taskmaster. but I heard, and it's does happen, gaps being made up.
casual...yep see that, makes sense... also on a positive note mustn't forget large gap 763p - 803p (aug 2018) and 1063p (june 18).
more like a symmetrical continuation triangle coming off.
hafeez... 391p & 380p from oct & sept last year.... hadn't looked back as far as realist111...will put those on the radar too.
there are 2 gaps that have not been filled ,,
9th nov 2016,,320p
8th july 2016,,126p
both daily gaps ,,
Task master were do you see the two lower gaps?
There is theory that all gaps get filled!
Hi Roydon, see what you mean but not sure its a valid rising wedge yet ( only two points of resistance ) however two lower gaps still unfilled so that's not good...Closed out yesterday when reaction to results seemed strangely muted and needed funds for elsewhere and now down 4% on that :( ho hum...
ATB
Funny how time goes, we waited for the full term results,and the share price deserves more credit
For the good results.obviously now down to the virus.getting more in Korea. Can see it again next week being very volatile, if drops to 450,should bounce ,being good value.
Hafeez : the only thing I can think of is the that the daily chart for Kaz has formed a "rising Wedge" shape, which if you look it up, always break out downward.
Remember, 98% of all shares are now traded with computers, which are programmed to recognise these shapes, and buy and sell accordingly .
I might be wrong, but I was scratching my head today, and this is what I think .
Now, If this is the reason, then unfortunately there will be further drop, maybe down to 450, unless Copper put a spectacular recovery performance next week.
There might be another reason as well, as they say "Buy the Rumors and Sell the Facts", now the results are out !
GL, and all the best
Late surge in copper prices. Really disappointed with the drop in Kaz late yesterday and today.
I wonder y it dropped so much today, I know UBS reduced price target down to 610
Hash
Thanks very much for that,it really helps
share price getting good tanking, even when there some decent brokers grade today
and gold companies are rallying.
when copper hits $4500 / tonne the business will still be profitable in spite of servicing the huge debt they have. the key thing to remember is that if copper were to go down because of economic uncertainty then gold is likely to go up....so if gold were to go up by another 50% if copper went down by 25% then the break-even for Kaz will move to $4000 probably...
i meant they are ok with servicing the debt over 8 years at current prices...
they will have a large deficit in 2024 but that can be managed as there is a provision to postpone the debt
Autonomy1
at today's price 5800 for copper and 1600 for gold, they are pretty much of with debt over 8 years. there is a deficit but that can be managed... any new loans could be an issue though...
if the price were to go down by further 10% for copper then we could see a deficit of about $1.4 billion between free cash flows and repayments...and that my guess could be refinanced as the debt would come down and profitability still maintained..
i guess the real challenge would be if copper went down 25%....then payment gap would be $3.4 billion and Kaz will be at about breakeven....so may then struggle to raise more debt to repay the debt.....
if i thought copper could go to 4500$/ tonne (current prices..not adjusted for inflation) and remain there for 7-8 years i would exit kaz ........till then there is some value....
rev cashflow payments deficit
2020 2.1 350 350 0
2021 2.332 400 550 -150
2022 2.564 440 600 -160
2023 2.564 440 600 -160
2024 2.564 440 950 -510
2025 2.564 440 410 30
2026 2.564 440 150 290
2027 2.564 440 150 290
2028 2.564 440 150 290
Thanks -Roydon1
The full report is here :
https://www.sharecast.com/news/news-and-announcements/kaz-minerals-reports-on-solid-year-of-production--7328672.html
Evening Causal, I didn't see the web cast, but I was reading some of the things that was mentioned.
there was a statement by Mr Southam, and I think it is a clear hint of things to come, he said :
“We look forward to releasing further details of our plans for Baimskaya when the bankable feasibility study is completed.”
IMHO, I think this is a hint of an announcement about a Business Partner for the Baimskaya project .
I very much hope so, Kaz SP will fly high !
Tuscon mentioned a web cast, anyone know what was said. best news we get next
partnership, or solid news about Baimskaya.
I suppose I will keep with it as it might make me rich one day although it could take a few yrs
Rastuss
The debt I refer to is already there before we take on anymore to build Baimskaya
Appreciate that a small part of the current debt is being used for work in progress and feasibility study etc but some is tte Pxf which was deferred from this year in a recent Rns
Knowing this company they will give the mine away to him and possibly a few million as like they did last time
Sorry should be 2024 and then deferred till 2025 (typing on a tablet)
Hash
I have looked at the presentation and the debt repayments do seem alot over the next few years especially from 2022 onwards where it goes to 550 to 600m and then a staggering 900m in 2025 albeit thus can be deferred till 2025
Any idea what the price of copper needs to be to sustain this
Thanks
Thanks LeedsWedge
@hafeez1 "Subject to the approval of shareholders at the Annual General Meeting on 30 April 2020, the final dividend in US
dollars and UK pounds sterling will be paid on Friday 22 May 2020 to shareholders on the register at the close of
business in the UK on the record date, Friday 24 April 2020. The ex-dividend date is Thursday 23 April 2020."