Member Info for Autonomy1

I dont post very often but i have been with this company about 10 yrs.I agree with Private investor that there may be something else going on
Two deals within deals

No it's nowhere big enough for the Baimskaya project,but it looks like the country is struggling a little

I thought the same thing
You may be interested in googling Rbk and major shareholder Vladamir Kim
Several articles how he bailed the bank out in 2017 with billions of Tenge,he cant be making much money on the old mines with copper so low
I came across them by accident when looking at another bb

https://www.rferl.org/a/kazakhstan-takes-another-economic-hit-as-coronavirus-infects-oil-fields-copper-mines/30650397.html
These are the mines we gave him as they were to expensive to run along with several hundred million of course

Furthermore it was down about 10% when you bought them had the Payroll jobs numbers been different and totally unexpected then Kaz wouldn't have risen like it did during the afternoon

Darren
You obviously havent been invested in Kaz very long,it regularly went up and down by 10 or 15% in a day especially after results day
Take a look at Aug 2 2018 after the Baimskaya Rns

Finally there is someone other than myself who believes a correction is coming
I thought I was going daft ,how has the Dow risen 900 points with airlines and Carnaval up 20% do they think everybody is going to be jumping on them

Roydon
Spot on it was overbought compared to copper and the mining index this has corrected the share price

Nobody is pursuing the offenders on behalf of the shareholders so any money got back from them will be got by individual banks who are trying to recover their own losses
FCA and SFO dont seem to be interested as it all happened in UAE

Chris
You are correct that the stock exchange is a casino and not fit for purpose
The ups and downs and market manipulations are staggering
Just look at Flutter at £100 per share and a market cap of 14bn and with a Pe of 55 then look at the profits ,its just ridiculous

Power
The saying relates to the stock market
Sell in May and go away and dont come back to St Ledgers day
The theory being that fund managers are not really interested in the Summer months hence a Santa rally from October onwards

So they say bust to boom by 2021 so the FTSE will have say 15 months or so to gain 1500 pts to go back to 7500
So we either stay where we are and then early next year a rapid rise over a few months or a further fall and then a bottom and a gradual rise over the 15 months
Thoughts anyone

You are right I should of put population

Why are shares rising with so much gloom forecasted for each countries economy especially USA who are going to have over 30m unemployed which is almost10%
it cant surely be that countries acted swiftley to negate it by throwing billions at it

Imports are down 14% of which copper is No 10 on the list and as vehicles and machinery are also on the list which also use copper in there production I dont see that this is good news for Kaz as globally we are using less

Copper1
May I ask why you think Glen is a good investment I think it is No 9 in the FTSE top fallers this year and with the possibility of worse to come.I realise it is a massive company but it also has big debts and currently paying no dividend

Tucson
Sorry I dont agree if you look at all the indexes they all tend to go down or up at the same time
March 23rd was the low for the Ftse of just under 5000,likewise copper was 212 and the mining index 11660 whilst Kaz was 285
So if the FTSE goes back to the same level I think Kaz will follow,albeit it does seem to be holding well so I dont think it will go much below 300 if at all unless we get the Ftse st 4500
Nb
Take a look at the copper price in Jan 16 just over 4 yrs ago,I think you will find it was 1.94

Causal
I wont be buying anything until the FTSE is below 5000 and then I might be tempted with a few and wait if it falls to 4500 then i will buy more.If It falls more than that then so be it you cant always buy at the bottom and sell at the top

Roydon
I agree we will see the lows again but not so sure about Kaz it may hold above £3
The problem is how long will it last will it be another v or a more protracted decline and rise over several months
Any thoughts

I think it needs to come down to 375 ish in view of mining index and copper price