Member Info for Fresian

Good post Footielad

https://www.bloomberg.com/news/articles/2017-02-16/goldman-sees-metal-rally-in-sight-on-rerun-of-08-china-stimulus

Superb! World class assets coming online, just when the competition is on strike! Heh

https://www.bloomberg.com/news/articles/2017-02-08/goldman-sees-copper-rising-as-deficit-looms-on-supply-disruption

Forgot to mention, the debt repayments begin in earnest in 2018, so if commodity prices remain good or increase this year and the company is awash with cash, i expect the company will want to prepay debt where possible, further improving the metrics.

The same question has been on my mind as well Tucson. I too bought in some years ago when the sp was in decline, only to learn later of the major restructuring . I sold out at a heafty loss, but bought back in again last year. On your question of how to put an appropriate value on the sp... I may get ridiculed for my simplistic views, but i think 6 times ebitda with a haircut for debt allowance is good for a stand alone mark. If ebitda comes in around ~500mm usd that would put the mkt cap at 3bn usd, and taking a haircut for the debt puts us about where we are now. One also needs to include a premium for the planned ramp up of production and sale of goods at todays prices which is harder to quantify, but if ebitda doubles in 2017, the back of my fag packet says double figures this time next year. Hope this is useful to kick off. Gla

https://www.bloomberg.com/markets/commodities

Filtered troll

Have a view on what ballpark 2016 earnings will be and why? Thx

Would have thought this type of scheduled rns would be released pre market ~7am. In other news, helluva day here. 2bn mkt cap smashed.

Gold and copper prices are highly correlated. Brexit may have a small influence on international markets, but the main drivers this year will be, Trump foreign policy vis a vis China, European elections and demise of EU. When you add these political risks up, there should be growing demand for safe haven assets, gold AND COPPER. Kaz is a good investment now because its recovering, plus demand is growing for its product. Exciting months ahead. Gla DYOR

Just my 2 cents :) DYOR Good w/e all

Think we're seeing a decent support level being created, given the large volume over the past few days. Historically Gold has contributed ~5-10% of Kaz revenues, silver ~10-15%. Gold should increase ~50% in the run up to le pen in April, but i wouldnt like to guess which way it will go after... then there's germany aug-oct. This would suggest 2017 will be volatile for gold.

Huge volume of shares changed hands today. With Q4 production report 2 weeks away, ramping production and copper price buoyant, could be more good news in the pipeline. Go long. GLA & DYOR

Pretty good. Shows that the company can get credit as required. Libor +450 is pretty steep imo, but its just a small loan. ING increasing their lending is also a good sign. Suggest they look to pay down the expensive debt first. But generally good news. Well done AS

A+ Positive news flow

https://www.ft.com/content/8734e270-b166-11e6-9c37-5787335499a0

Thanks Northandy, seems more plausible

I suppose this is a rumour, but what news are we expecting? Just refinancing as far as I know...

Anyone else notice the CFO purchased 43 shares today? Seems like a small number... he also bought a similar amount a few days before news was released.