Sterling13 Feb 2018 11:49
I read many comments about the price of Sterling going up and down which affects the copper price.
At last year's results,Andrew Southam was asked by an analyst what he anticipated the Tenge to Dollar ratio would be throughout the year.He replied by saying in the region of 316.For most of last year the ratio was well in excess of this figure.
A few years ago Kaz surged when the Tenge was devalued,so surely a weaker Tenge will be better for the upcoming results
Considering that the annual results are in dollars,and they sell there copper in Tenge,perhaps someone can explain the Sterling aspect