focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Agreed. Its hard to see any sustained downward pressure on copper price atm.
Useful insight. Thanks and ATB
Hi Wilthew, A few weeks ago you mentioned the copper run had a few weeks to go before cooling slightly. Was this just a feeling or something you researched? Thx
Thanks again Rastuss.
With copper at 52 week highs, its a good time to be on or ahead of guidance. Hitting the high notes here.
Very interesting. Thank you, sir.
Rastuss, why did you conclude this was not a reasonable prospect? Im interested in your conclusions. Thanks.
http://www.telegraph.co.uk/finance/10356066/Kazakhmys-sells-ENRC-stake.html
So true. I'd forgotten ENRC completely. It was sold though, and i recall a fishy situation surrounding it? And to you. Fingers crossed all will be well.
I stand corrected
*~300kt current mine max production. Not MT (typical phone typo - doh)
Hi Gasher. Fwiw the last time the sp was in that range was 2011, when copper was spiking 9500-10k per MT. The company was producing 400KT per year. The current mines are slated to top out at ~300MT, so copper prices would need to get to historic highs, I think. That's disregarding the other goods being produced of course. I think it could happen in the future, but would be in my 'unlikely' range of scenarios. GLA DYOR
*H1 results
12 trading days until Q2 production. A few weeks later Q1 results. I hope to see new highs over this period. At least 6.50
Some positive demand related news over the last few days. Amongst this, Volvo cars to be mainly electric powered by 2019, otgers will surely follow. https://www.bloomberg.com/news/articles/2017-07-06/the-electric-car-revolution-is-accelerating Kaz looking well placed to benefit.
Honestly dont know. Probably partially. But we did get a boost when Bozshakol was declared commercial so i would expect similar. Best
Nice investor presentation that may help answer some questions here: http://www.kazminerals.com/en/investors_media/investor_library Re pxf increase, the increase is just a commitment increase, like an overdraft, only useable until dec 17 after which its cancelled off. Hopefully wont be needed, but nice to have. Looking forward to Aktogay being declared commercial.
Tucson, at the time the 250 was down because of the ge result, my thinking was the positive effect of the rns may have been muted because of market risk dragging kaz back. I see the markets are recovering somewhat now. Its also true that weaker sterling has been good for markets, and this is also favourable for dollar results converted to sterling. Do you have a different view? Regards
Agreed. Just a shame about the timing.
This is not bad at all. https://simplywall.st/news/2017/05/27/a-look-at-the-intrinsic-value-of-kaz-minerals-plc-lsekaz/