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It’s so annoying. It just feels like any piece of news stalls the uptrend.
You have to realise that whilst Copper is above 280 then Kaz is ok for the year and can service its vast debts but as soon as there is any weakness in the Copper price then the share price gets hit
So unless we get some very good news in the next month from the company or the price of Copper soars to 3.00 then this will continue
Was it last year or this year, that Kaz has biggest debt repayments.i once read debt will drop definitely next year with Baimsakya.
About 500m last year and this year dropping to about 350 in 2021 and then it will continue to drop over the next few years before it all starts again when they start repaying for Baimskaya build
Thanks for info-Auto.
Surprising how Chinese affect markets now, where one time Dow jones sneezed we all got a cold
Copper, iron ore, oil...all being shorted by traders,against physical positions ....conern that workers will delay returning to construction sites after the Chinese Lunar Holiday and demand for commodities will slow down..
Every year thousands of people die in the western world as a result of flu related illnesses and yet we dont really do anything...life goes on and people just fill up the hospitals at this time of year......
In China they take it all more seriously and it appears they put the health of people ahead of the economic impact, unlike us......where people still struggle to work despite feeling sh*t... and here we are thinking it is them that has a crisis for doing something about it , and we have no crisis despite never really doing anything about flu outbreaks ...we dont wear masks, close subways, train stations, airport screening...nothing..zilch, nada
17 deaths so far out of tens of millions over there and its a major crisis, yet in the UK 15+ people died in 2 months before Christmas of flu related illnesses and well....all part of the winter flu season...next !
15.8% down in the last three days alone. You couldn't make it up.
I thought there was supposed to be a bloody copper shortage?
Ho hum.