Member Info for lemmink

Won't they be a bit heavy?

Sold 1k @ �9.33 ... holding 6k

Sold 1k @ �9.19 ish ... holding 7k

Sold 2k @ �8.78 ... holding 8k

Sold 2k & �8.81 ... holding 10k

Sold 2k @ �8.90 ... holding 12k

Sold 2k @ �8.75 ... holding 14k

I think market makers have the right to delay the publication of large trades for certain periods of time under appropriate conditions ... not something I know a lot about, but I often see chatter about delayed trades on these boards.

2.5k @ �6.03 ish ... holding 10k ... ho hum

Adjusted eps 90p.

I recon going forward underlying profit for a fully ramped up Kaz under current copper prices is loosely about �1.00 a share, which sadly is about a third less than I was (way too optimistically) estimating prior to sight of these results.

Cash per share = �2.90 (up by �1.13 on last year) Gross debt per share = �6.20 (up by 17p) Net debt per share = �3.30 (down by 96p) Debt maturity = 95p a share needs to be paid by 2021 The rest matures 2025 onwards. Cost of debt = say 35p a share currently ... varies 5% - 6% Libor related stuff

Free cash flow after interest payments & balance sheet growth are both consistent with reported profit ... there is a lot of cash on the balance sheet ... more debt though ... gross debt increased a bit ... cost of debt?

My hopes of a �20 target are brutally crushed, still the less exciting �10 target may be getable?

H2 - 61 cents ... pre com revenue effects possibly add 7 cents copper prices circa $3.03= 3% lower than current ... production possibly 10%-15% below capacity ... ok not great ... worth a tenner not much more imo

The main thing I will be looking for is the underlying eps figures for H2 ... how near to and which side of 50p ... how much pre commercial revenue is there that may (???) be masking underlying profit to some extent (really not sure how the accounting works with that sort of thing) + trying to gauge copper price and production volumes against current/future conditions.

1k @ �8.175 ish ... holding 16k

Hopefully thursdays numbers will give us the move up we want ... can't help thinking the smart money might have sussed it all out and priced it in already, but not long to wait now - GL

Bought 2.5k @ �6.05 ish ... holding 7.5k

1k @ �7.50 ... holding 15k ... �7.20 next?? I may have to bottom slice again lol :-( need to see the results ... wasn't expecting such a pessimistic run up