Member Info for Fresian

Could be time to get in here.... ATB

Sold a clip. Will buy it back on a dip later. ATB

Fantastic to see this sail through a tenner. Congrats to all who believed in Kaz!

Here's a view from one better informed than me. http://www.mining.com/web/trading-giant-keeps-faith-copper-despite-rising-trade-tension/

Hello Tucson. Hope you are well. Its a tricky one to be sure. I think your prediction is well reasoned, and I agree with you on many points. However, I feel kaz is somewhat rangebound at present because of two things. 1. Maximum production capacity of ~300mt and 2. Large debt pile. Unless there is a pronounced spike in copper price, I see kaz bouncing around between 8.50 and 10.50 for at least another year. I like the idea of new assets, but this would involve taking on even more debt which, given the wrong circumstances, could destroy all the hard work of the turnaround so far. IMO the best thing kaz bod can do is just sit tight and pay down debt. Not exciting for us but sensible none the less. In terms of that copper price spike, well others much better informed than I am dont see this until after 2020, so I think we can expect copper to bounce around between 3 and 3.30 until the market moves into deficit of supply. These are just my ruminations, and more likely to be wrong than right, but I see this now as a 2 to 3 year hold until your suggested level is in sight. As always, ATB

Hi Bottled. Thanks. There's a lot of sabre rattling going on between the big trading blocks at present, and protectionist policy is making a resurgance. Trade wars may have an indirect impact, but hard to see real impacts just now. As an aside, I was in a MB garage the other day test driving one of Germany's finest autos. The salesman told me they have a fleet of 10 (TEN!) electric vehicles that will be on forecourts in 2019. If other manufacturers are planning the same, copper will be in high demand. We could see $4 per lb this year.

ANTO miners are on strike... can't be bad for copper. http://www.mining.com/antofagastas-los-pelambres-copper-mine-workers-vote-strike/ Anyone care to share their view on potential effects of Trump's tariffs. Copper hasn't been implicated as far as I know, but what will the effects on price be? GLA

On the cusp. http://www.stockchallenge.co.uk/ftse.php?report=180228

KAZ has been fortunate thus far in as much as completing the material aspects of its restructuring in a dramatically improving market for its product. If I'm right this is another multi year project, probably more economically appealing given the better than anticipated prevailing price of cu. KAZ has good experience in building out new mills from the last two recently completed, so this is a huge plus given the proposed mine is approx 2x the size of either completed thus far and located near the north korean boarder with siberia I believe, so shipping ore back to Aktogay for processing is not realistic. A new facility will surely be required. What cost and funding method are key points. All just speculations. DYOR Roll on 22nd Feb!

KAZ Minerals continually evaluates potential new mining projects to identify attractive long-term investment opportunities for the Group. KAZ Minerals confirms that it is currently evaluating the potential acquisition of a majority stake in the Baimskaya project. Baimskaya is a large copper-gold porphyry deposit located in the Chukotka region of Russia, with JORC resources of 9.5 Mt of copper at an average copper grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t. Discuss...

Seems like a bad situation at present: https://www.bloomberg.com/news/articles/2018-02-12/acacia-gold-output-to-shrink-as-tanzania-export-ban-holds-firm

... if its possible that Kaz diversify into producing other Battery metals from its mine ores? I suppose they would be doing it already if viable? http://www.mining.com/private-capital-favours-investing-copper-gold-first-time/

Welcome back. A timely purchase! Best of luck!

Morning Tucson. Thanks for your response. Yes I'm sure your prediction will come true over the next few weeks. I'm sticking to my 6 x EBITDA lol. Reporting season for miners will push the sector up as well. Interesting times indeed! Best of luck all.

Here is some demand related news from Goldman's. http://www.mining.com/goldman-says-mining-supercycle-back/

All aboard! Next stop....£10!

Good point Spotopp, well made. I'm sure the dollar is being talked down purposefully for the reasons you mention, affecting the sp negatively. I'm also mindful that this could be reversed very quickly with say, a vote of no confidence in TM, or similar.

Thanks Lemmink and Tucson. I agree deleveraging should be the company's priority right now. Make hay while the sun shines. Not long to wait until final results in Feb. If a token div is to be paid it should be announced then and paid in April, but we're talking 1 or 2 cents here. Holding to results. GLA

£10 SP target in sight. Should be passed shortly. Anyone have a view as to when divs might be reinstated? This will move the market.

Indeed! RBS gotta be taken well.