Member Info for LythamSlim8

Yes - hard assets the game for this year. Just need to weigh up the country risk. All relative I guess.

How Kazakhstan really works? Not the owner per se, just the main beneficiary lol..

https://www.occrp.org/en/investigations/the-nazarbayev-billions-how-kazakhstans-leader-of-the-nation-controls-vast-assets-through-charitable-foundations

My view fwiw - worst case scenario is the Russian invasion and subsequently Ukraine fractures along the lines of the language divide. Putin also picks and chooses the choice business assets as well as territory. FXPO keep the mine and can still distribute product but pay taxes to the Kremlin.

Happy days after all but the uncertainty is killing it at present and the actual invasion (should it transpire) will be the catalyst for the fire sale to long term SUPPORT.

GLA

https://www.gov.uk/government/news/an-article-by-the-defence-secretary-on-the-situation-in-ukraine

Those new 52 week lows keep coking along - Still on for £1.60ish.

New 52 week lows - like buses..

This just out but not an RNS..

https://www.scotsman.com/business/y-arriba-menzies-aviation-announces-landing-of-further-mexican-contracts-3530294

.. around £1.40.

Inflation is proving more stubborn than many anticipated. Good for commodities on the one hand but will precipitate faster tapering on the other. This I think will provide the shock for shares.

My view is the crunch is imminent and will affect most sectors including the miners. Will be brutal but will provide a better entry point than here.

M

Trading update should be imminent. Last year it was 12th January.

Tradi

Having another go this morning. Like many today MNZS price hinting at the great reopening.

£5 in short order not unrealistic.

.. after the update. Decent company but that shock to the political structure of Kazakhstan is weighing heavily on the outlook.

Perilously close to the 52 week low now. If £2.11 goes then watch out below.

Worth a quick read:

https://www.wsj.com/articles/kazakhstans-elite-got-richer-on-natural-resources-then-came-the-unrest-11641572839

'concern was focused on the ability to transport uranium out of the country'

Cabin crew prepare for take off.

Ah yes, audaces fortuna iuvat. Not sure that is as applicable to the current situation with CAML as much as it was in September 2020 after the tailings leak. £1.55 back then.

Increasingly this looks like a downtrend since early May 2021 with no sign yet of a panic bottom.

Could be wrong and of course stultus est sicut stultus facit.

GLA

Dreadful development..

https://edition.cnn.com/2022/01/07/asia/kazakhstan-kassym-jomart-tokayev-address-intl/index.html

Good analysis in the video below.

As for the £1.80 target - given the current geopolitical circumstances think we'll see it by Monday.

True story brother. Kissing the trend line again as we speak.

Could be a week or 2 (possible even longer) before this is resolved. Russian troops against ordinary Kazakhs.

Very disturbing scenes likely incoming - won't help sentiment.

GLA