RE: simple question8 Sep 2018 16:48
uncertain - KAZ hit mainly by the vast new spend proposed for the Russian adventure - brokers marked down the SP to compensate on MV. The same thing happened last week on SXX - new spend required of $600M for their tunnels - brokers dropped the SP 30% and it is presently going sideways - unlike KAZ - which can still pull out of the Russian adventure - SXX is committed to the new spend and the SP will not recover much.
If KAZ does cancel the Russian project the SP will more than double immediately.
But who knows what the future holds - Madman Trump may have obliterated world trade by 2019 !!!
Regards