RE: Baimskaya Location24 Aug 2018 11:11
shakhtar, please allow me jump in answer one question from you for Rastuss. " Autonomy who said it is just an option on copper price. If it falls,kaz have just lost $900m plus the cost of feasibility study - call it even $1bn (hence I don’t understand why the company got hit with a $2bn reduction of market cap on the deal news)" Answer: it is KAZ not the first time KAZ loss 2 bn market value, even more, you think such drop in previous time is caused by solid 2bn profit loss or 2 bn net asset value cut? stock price is combined reflection of net asset value, EPS, EPS growth, expectation (speculation) of the future growth, the first often to be least matter, merely provide a not-so-strong supporting line maybe, ironically the last one very often has more impact on price than others. if copper price stay in bear, not only Baimskaya project is worthless, but also the current income statement would suffer. BTW, I believe in next three years copper will go long. but how many of you invest one stock and stay for more than that period, if you do, you should get out here, don't bother yourself with any comments here including mine. For someone want to know my position.I jumped in with 1/4 my dealing balance at 640 (wish had stayed away like Rastuss) and sell at 606 , I don't do average down, I prefer cut loss. sometime, stay and support each other with warm heart and hope is a slow poison. I know nothing about Baimskaya project, I only take a look on google map, vast tundra, one sea harbour with a small town, I assume the copper would be seaborne. I would not want to live there. Life is too short for ten years. I have kept following KAZ for ten years on and off like someone here as well.