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Thanks tucson and rastuss
Just wondered if you noticed in the accounts that net cash had gone down by 700m
of which about 450m was to pay for Baimskaya, so not being an accountant I was wondering where the other 250m went to ,i assumed towards paying off debt .
The debt repayments for this year and next is 545m which seems like an awful lot when the copper price is low.Furthermore free cash flow has been reduced from 308m to 182m which again is a big drop
These are just my observations I would appreciate anyone who could explain that this is not a matter for concern

I read these articles yesterday along with one on Bloomberg with an interview with GS head of commodoties who agrees that copper will pop and no doubt as tucson has pointed out it could be anytime in the next 12 months
My concern like I have stated earlier that this doesn't help Kaz for the remainder of this year and if copper stays the same price I don't know whether it will have enough to meet its debt repayments for the second half
Anybody like to give their view

Will we be able to hold above the 440 level as support becomes resistance
Nb.
I see that the FTSE is doing its usual poor self compared to the Dji

Think the system has crashed

I dont see why the financial services dont stop this sort of activity
Only 1% or about 4m of the companies shares have been traded today so how on earth has it wiped 350m off its market cap

Cant see it happening again with the share price,things are alot different this year with the state of the global economy and I dont know what will put it right.All the world leaders seem stubborn to any compromise

I am no expert in accounts but to me it looks bad
Like I keep saying the amount of debt it has to repay each year is 540m it obviously cant sustain this hence the bad results today,and with the average copper price 10c a pound less up to now than in the first half of the year I hope that someone can explain where the money will come from

Hopefully we should hold and bounce off the 2822, and Kaz holding around 440 so I have bought 1000

Rastuss
8 yrs or so is a long time to wait i certainly will be out well before then and it might even be next January

Rastuss
8 yrs or so is a long time to wait i certainly will be out well before then and it might even be next January

Well it's not doing him much good he has just lost about 75m

Tucson
Sorry I cant agree with you that the company is well managed.After they opened there new projects instead of waiting a few years to get the debt down they pile in with Akyogay 2 and then Baimskaya
It's the debt that is keeping the share price low and look at the reaction at the moment down 6%
I appreciate that the projects take years to build but if things get much worse globally and copper falls further then we are really going to struggle

hash
Where did you get the 6002 figure from as the average price of copper was 6500 which is a big difference

I hope the market has already priced in the fact that due to low copper price the results will not he as good and second half could be worse

Tucson
I see nothing wrong with your post.You are hoping that the share price has a good day whilst copper remains in the doldrums
The Dow will bounce possibly after another day or so of falls and about a 10% correction
It never seems to be a very good time of year remember Kaz last year ,so expecting things to pick up in the next few weeks

I dont expect a good day fof Kaz copper rapidly falling back to the 2.60 mark again
It never lasts more than a day you should know that

If there are many like me you loose interest as it's always good news tomorrow and it never comes
Experts are still predicting a copper shortfall for this year and still the copper price won't move
It's obvious that the global concerns are keeping it low and if the Chinese stick it out till Nov 2020 then things are not going to get much better

Well the 1 in 3 worked well today
Copper up 1.5% and Kaz up 4.7%

Copper slightly up and FTSE futures only slightly red
As per normal Dax gone positive

Rastuss
I thought they elected a new president a few weeks ago or is he just a puppet