This a volatile share30 Nov 2016 07:48
and difficult to trade. Holders should be encouraged that the difficult bit of getting the new mines up and running , without going bankrupt for cash flow reasons, is now over. This the main reason the share has shot up. The rise in the price of copper has also helped, particularly since the dollar is also rising sharply. LME stocks continue to fall but this is normal at this time of year.
World oversupply of copper remains a risk next year, but KAZ is now a low cost supplier and can ride out future price dips, although not without damage to the sp. My conclusion is that this is a medium term hold