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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.
US opened lower
Mike, the saying is an old trading strategy used by technical analysts. It refers only to financial news or targets being achieved by the company in question rather than the news in the media which we now know can be intentionally misleading. It does hold true in many cases. Regards
Thanks Tucson.
Indeed. Do you have a view on what a positive debt restructuring would look like here? We have USD3.5bn debt atm. I suspect this will take several years to repay. This will surely be a drag...
Really? I'm no expert, but because of the Trump win, it seems to me that we're in for about 2 months of positive speculation over how much he will spend on infrastructure (he spoke of doubling Clinton's proposed 275USDbn I believe) - Until the markets know concrete plans, positive speculation will support the copper price. In the absence of this, copper would still be <2.30 imo GLA DYOR
Simply put, commodities need to be seen as a safer bet than other asset classes. With precious and bonds at relatively high levels, I think there's likely to be some upward pressure here for some time.
Yeah - in the absence of news, the price of copper and expectations (trump) are the drivers here. Some say we're at the start of the next commodities supercycle. I'm not so sure myself. (-ve on China demand) At least double from here within 18 months with positive news and prices. If the planets align, double figures.
Long term holder here. Great to see Kaz doing so well, and long may it continue. Suspect the bounce in copper price will be tested at some point soon.... and then expect the shorters to move in.
Congrats to the Kaz management for hitting the right notes here. Just debt to cover off before ye