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Manics - totally agree... With two RNS due in next 3-4 weeks and Coppers rise... This is the perfect opportunity to buy... I am all in... We will be 590p again soon. This business is making $800-$900m profit with great margin remember. Exciting times!!!
Thanks Manic really appreciate you kind words
hafeez1: Keep it cool. Hindsight is worthless. I know the feeling. I've sat on a singular, totally outsized position (a third of my entire net worth) for 14 months waiting for it to come back, which it eventually did.
Look, KAZ ain't going anywhere. You've already looked at the chart. Your average isn't outlandish and for heavens sake just a few sessions ago, intra-day, KAZ pretty much kissed your average!
So come on, as long as you've stuck to the golden rule, you don't need the money right now. I don't agree with switching the screen off. Keep at it. Check the price. Stay in the market. Enjoy the ride. Keep posting. Moan on the down days. Rejoice when KAZ rediscovers the 5 handle. Roll your eyes as it hovers around 589 forever as if in personal slight against your 592 ;)
...because KAZ will visit 592 again, and most likely very relatively soon. The volatility means there's a ton of cash held by guys like me waiting to drive the SP up that'll take you back there. If you wouldn't take a £5k hit then the £92k means nothing. You want to close at breakeven minimum. You and me know you're ride or die. Like I said; been there done that.
Good luck, man. The virus is temporary noise. You know that. The world needs copper and copper needs KAZ.
Hafeez,
They always say "Past Performance is not an indicator of future Performance", but just look at Kaz past couple of years, it is littered with huge ups and downs, and I don't think this will stop to be the case in the future.
I hold a big chunk too, and I am not worry, I am angry because I missed a good chance to sell at 580, but I am not worry.
KAZ will go up and down many times to come in the future, and there will be many more opportunities to make up for any loss, that is if we learn from the passed lessons !
Regarding the big drop because of the Chinees flue, I agree that there is a Technical element there, and there was no other big stories for the market to worry about, so they used this as an excuse.
I bet you if this would have happened when US and China were signing the Trade agreement, then no one would have worried about the flue, it is just bad luck that it was the only story going around the traders.
Also don't forget that the Dow and other indexes are at all time high at the moment and people are getting nervy of sudden correction, so you will find many investors "Trigger Happy".
Give it a week or so, and the Chinese will come out with a good announcement that every thing is under control
Also, I reckon KAZ results for Q4 (30/1) will be good, and will push the SP back up to mid 600 again.
GLA
Autonomy1, I had a varied portfolio, consisted of iqe, boo, acso, fevertree, Vodafone, and games workshops, I have no idea y but I fell in love with this Share, as it kept doing down, I kept selling the other ones, to average down, my 1st purchase in this was like 950ish, and have bought as low as 410. As of Monday my average was about 5.91 but with way more shares than I would like. I guess we learn from our mistakes.
Hafeez1
My calculation is that you have about 70,000 shares in Kaz and you dont post about any other company.,so I presume it's the only share you hold.You would be wise to split it into more companies then you wouldn't get the sleepless nights
If you are waiting for £7 you may have to wait a long time perhaps till 2022 when Aktogay 2 is running
We just to have to ride., Hafeez ,it out,at least its climbs as fast as it falls.as I said before looks like Feb
I agree. at 580 I was nearly at break even. Greed got the better of me, thinking I’ll give it a couple of more weeks and it might get to £7.00, but little did I know, that Mr Market had other ideas. Today I’m nursing a paper loss of 92k, a horrible day and probably a sleepless night. I really should have just a taken a 5k hit, oh well let’s see if Kaz gives me another chance some time soon. Last 18 months have been horrible. Good luck to every1 holding. I wish u all the best .
This company doesnt care less about you it's got massive debts and thus the share spikes high and low and it's always been the same
As soon as it goes up and you make your money sell because in a few weeks back down it goes again
Just sitting there wont do you any good on Jan 24 last year the price was higher than today so you would have lost money