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Great to see some chat on this board!! I am not sure why old Kazayham is being compared to Kaz they are completely different companies surely? Does any have figures on what the bottom line Cu needs to trade at for New Kaz to break even if this deal is on budget and time? Many Thanks ATB Bottled

The problems facing copper supply are meaningful, widespread and generally underestimated," said David Lilley, managing director of Drakewood Capital Management. "It seems like wherever you look there are challenges be they political, labor unrest, under-investment, ore-grade depletion or some combination of them all." The output drop at Grasberg has been a long time coming. The mine, which sits at high altitude amid the tallest mountain range in Indonesia’s remote Papua province, is one of the world’s richest mineral deposits, pumping out billions of dollars’ worth of copper and gold over the past 30 years. Freeport has long been anticipating the end of open-pit mining at Grasberg, and is hoping two new underground mines, both located below existing mines, will return output to previous levels within a few years. But technical challenges have slowed the ramp-up of Deep MLZ, while the Grasberg Block Cave won’t even start producing copper until 2019, meaning total production at the Indonesian mine will be “significantly lower” in 2019 and 2020, Freeport said July 25.

Markets Copper Supply Woes on Show With No. 2 Mine Output to Halve By Danielle Bochove and Jack Farchy August 3, 2018, 5:36 PM EDT Updated on August 6, 2018, 9:20 AM EDT Freeport lowered Grasberg guidance after technical challenges Grasberg production may drop by more than 300,000 tons in 2019 A battle over the world’s second-largest copper mine has dogged Freeport-McMoRan Inc. shareholders for more than a year. Now it may be the turn of the copper market. Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations, cutting some 300,000 metric tons of supply from a market many already believe is headed for deficit. The drop in projected production, revealed by Freeport’s guidance, highlights the supply-side challenges facing copper. While prices have slid 17 percent from an early-June peak on fears of a global trade war, many investors, traders and mining executives remain bullish about the long-term prospects

Good evening Tucson Yes I think it will also. Hopefully 16th results might give some reassurance to the market and any doubters on this board. ATB Bottled

Cu price will have a bearing here too, this will largely depend on the trade war and that outcome. Before recovering. ATB Bottled

*Measured

Good Post Tucson, Measure, fair and factual. All the very best Bottled

Although this will need shareholder approval, personally think unlikely to be retracted, also think it is doubtful that the shareholders will over turn the decision, some more information is needed here. Results on 16th should be good! Not much point doing anything before then imv. Risk appetite has increased considerably, so flight of investors, however Kaz has a good performance record and can mostly likely able to pull this off, which would be very happy days! Cu price will be a big play on this deal being successful, ATB Bottled

Good man Tucson, I was thinking about Ivanhoe at one point, every time I did the film popped into my head which throw me some what! I will look to extend my long if drops around £5 just waiting to see how this pans out over the next few days, personally think a bounce back very lightly happen. Kaz never a dull ride! P.s typical this happens on my annuals!!!! ATB Bottled

Bugger me not one of Kaz best days, funding, Russia, trade war, stops hit all in one. Although am a LTH and have been in Kaz for over a decade, I didn’t expect to have to hold these share for another 7 years. Personally think this will settle down over the next few weeks/months. Having a rather stiff G&T to numb the pain. Looking forward to seeing the results on the 16th. ATB Bottled

Agreed last year shareholders update was on 4th August so a good chance we might get an update next week. ATB Bottled

The Sp moving slow north also a healthy sign so hopefully build some resistance levels, mind out on aim anything can happen. ATB Bottled

This should help support the sp, having said that it always tends to historically drop on results day. ATB Bottled

mrcautious Do you own any shares in this company? ATB Bottled

Sterling idea Uncertain, Have a fantastic holiday! ATB Bottled

Dear Dave I don’t mean to come across as rude so forgive me if it does. Please could you write in proper English as it is so very difficult to understand what you are trying to say! ATB Bottled

This mine was on strike last year I think I am right for 46 days which was the longest it has been on strike. Chances are it will not be as long sadly....ATB Bottled

This beats traditional pimms hands down.,. one third gin, one third orange curaçao, one third sweet martini vamouth, dash of angostura bitters topped off with ginger ale, mint and fruit with ice.......perfect summer drink! More than two one needs hep! ATB Bottled

For what it’s worth might be worth looking also at other Cu stocks, of you believe in Cu making a come back, am in another stock which is linked to Cu price, results out on Thursday, these should be good and in line with expectation, currently holding well against Cu price once TW sorted this stock should see good quick up lift back up 30/40%.. ATB Bottled

Thanks Billy for replying, sounds jolly sensible and a sterling plan! agree with you on The CFD’s also too old for the stress and anxiety of that! ATB Bottled.