Member Info for Autonomy1

The first drop in price was due to trade wars between China and USA so the price went to £8.50 ish.Then on Aug 2nd the company announced they were going to buy and develop a mine in East Russia which would mean having a lot of debt in future years,Investors didn't like this idea so it has been in free fall since then

At least copper is going up obviously due to the Trump and Xi meeting in November,and trade war tensions perhaps easing a bit

Explain in layman's terms

According to advfn 3.7m buys against 3m sells so somebody likes them

Does anybody think that this has been bought down deliberately so that somebody can buy a load on the cheap

If you were to hold these shares until 2026 and all went to plan with the new Russian projecr,they would be producing as a company 600,000 tons of copper alone.Assuming copper price doesn't get beyond 7,000 pound a ton,then the revenue alone would be well I will let you do the multiplication and be astonished
Nb don't forget to add the gold as well

They needed to restore investor confidence.By paying a dividend it shows that they can not only pay the existing debt but afford the dividend also

Ebitda at $690 and a 6c interim dividend

Suggest you all forget about the share price and look again at Chtistmas.You can't do anything about it so it's best to ignore it.
Don't forget it's not a loss until you sell,and like everyone else on this board if you have held for a number of years you will all know that it has always been the same

Any new debt will not start until about 2021,as they have got the feasibility study and the finance to sort out first.By this time most of the current debt will be paid for i think it runs till 2025.If copper prices go back to the 3.20 level or above I don't see a problem.Also they have not ruled out a partner in the project which would then help further.
Grassberg output is going to be reduced by 300,000 tons next year,and any strikes in Chile will all put pressure to raise the copper price.Furthermore at some stage the trade war problems between the USA and China will be resolved

Half year results and they better be good if so £7 if not £5 I think good, Andrew seemed pretty confident about the cash flow aspect and that the debt was manageable

I have held this share for many years back in the days it was £6 plus.All the time everyone was saying it's the gas that will make this company money.
Years later there is still no deal and doesn't seem to be one in the near term.The worrying thing for me is that the licence expires in Feb 2019.I appreciate that it could be renegotiated but on the other hand they could say that you have had plenty of time to do a deal but haven't so we will take it back
Anybody got thoughts on this

Should read 6c

So much for the theory when copper rises so does Kaz
As I write copper up 62 cents abd Kaz down 1p

He looses more money than this everytime they change the Chelsea manager.When you have several billions then I dont think he will be losing any sleep over 20m

That will not happen,you have obviously not seen the webcast presentation that they gave they are totally committed in this project and in being one of the biggest miners on the Ftse.They were asked about the share price abd it don't bother them because they know in the coming weeks or months when copper is back to 7000 a ton the share price will be back as well

Give us your expert summary on whether the company can sustain this amount of debt
In the webcast presentation they don't think it's a problem and if copper goes back to 7,000 a ton then neither do i

If you watch the webcast presentation from yesterday you will see that only Kaz and one other Russian company has the experience to build a project in these harsh enviroments

I have decided to hold,for the following reasons .My reasons are from the top of my head so here goes.
The repayment of any new funding is unlikely to commence until 2021,by which time Aktogay 2 will be up and running.The difficult period will be from 2021 to 2025 when they have to fund both existing debt and the new debt from the project in China.If copper goes up well by this time then I don't see much of a problem.If however the copper price was to remain at a lower price then I think they will only build 1 concentrator instead of 2 ( this was mentioned in the webcast today as an option ) this would then reduce the new funding signficantly.Unlike some people I actually believe that the chairman and ceo know what they are doing,and although the timing for us private investors is not good,overall I can understand that very few companies are willing to do what Kaz has done today,and that is why the likes of Rio and Bhp are looking for accusitions as they are unable to build them theirselves
willing to

Nearly 2m shares shown as bought after the ut
Anybody got any thoughts on this