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It's nice to be right every now and then

Rastuss you must be reading different articles to me the new floating power plant only set sail at the end of April to go to the area of Pevek.There are you tube videos of it or The Times article dated 30 April's

If you do a search on Roman Kopin Chukotka region he is the governor of this area which includes the new mine.You should find articles where power lines and roads are being built along with a nuclear floating power plant near the port of Pevek.Only yesterday Reuters reported that ice ships are being used for the first time in the Baring sea and the Artic to cut down journey time
Don't forget they have got another 3 or 4 yrs before they commence work on the new project so hopefully most of the infrastructure by Russia will be done
There are also a number of other projects in the region being done by other companies,so as it's the intention of the Russian goverment to make use of this vast area of mineral wealth then I am sure they will do there bit

Before I leave can you answer my question I posted earlier on the large Ut each day.With such high volume like today I don't know why the market didn't absorb them throughout the day

Never mind I have tried some you win some you loose

You are right it has took a beating more than likely by the likes of American fund managers .However you must agree that the potential in the new project is very good and I am convinced that they will find a partner to help with the costs,or like I have said for the third time just build one concentrator at a time

I should think after this debacle that they will change brokers from J P Morgan

I didn't want to offend him so I used the plural.He might put a tariff on my comments

Rastuss
In view that work won't start until 2021/22,don't you think that the share price will rise to a more reasonable level say £6 or £7 by then,which would give you a healthy 50% profit.You could then sell before any works start thus avoiding any pitfalls that may occur

I see that Kinross share price was punished in a similar way to Kaz as the yanks don't want anyone to have an association with Russia due to the sanctions,but there again who do they like,certainly not Canada,China,Iran and Mexico and don't forget N Korea and Turkey and they are not keen on the Eu so it doesn't leave a lot.

Perhaps by 2026 when the mine is finished the Russian goverment might have built a road or two,along with a floating nuclear power plant near Pevek
Perhaps like me you do some research.I have recently read an article by Mr Kopin the governor of the Chukotka region where he outlines the infrastructure that will be built
Its not just Kaz that is going to be there Kinross gold is already there and a number of other projects for gold copper and coal are also going to be there

Sorry typing error
Should read 463 to 458

Why is the ut so big today it was 1.7m and similar yesterday this resulted in the share price declining from almost 263 to end up 568

Rastuss you seemed to have mellowed over the last few days and almost sound a little positive

I think if you do google search kaz minerals baimskaya pdf you should be able to down load it

Thanks for your thoughts Ronin the only reason I continue to hold is that when you look at the sells and buys each day they are similar so everybody is not dumping them somebody is buying them up either an individual or Pis

Yes your are more than likely right but why no Rns to say they have sold..There is on one the 18 March for Blackrock and it's only about 1/ 4%

Don't think it will be Glencore they have got there own problems.Still can't understand if somebody is selling a significant amount or somebody is buying ,after 3 weeks there is no Rns about who it is,At most it would be is 3 to 5% which is less than 20m shares

Capex is easily solved they only build one concentrator instead of two,so it's halfed.This was mentioned by the company on the webcast presentation along with the option to get a partner

I agree that it will be very good if everything goes to plan,however something is not right,the share price shouldn't half in value just because they are buying this project
Somebody is stake building and want the shares cheap and frightened peolpe have obliged
In the words of Warren Buffet it is wise to be fearful when others are greedy and greedy when others are fearful