Kaz Minerals Share Discussion Threads

[racg] 29/2/2016 13:11

Long long way before I feel like that but encouraging last few days. Though does not seem to have the strength to break 1.60, does it. Ah well, at least news flow has started to improve.

[smurfy2001] 29/2/2016 10:51

VED/KAZ recovery finally on track?

[plastow] 29/2/2016 08:40

Take off ?!!

[racg] 28/2/2016 21:58

Mmmm, interesting.

[smurfy2001] 28/2/2016 19:53

Video OPEC Member: Production Freeze, $50 Oil is Coming

[and1] 26/2/2016 16:59

best that it trades 150-175 range in the near term, then it has a chance to go higher

[dmore2] 26/2/2016 14:37

looks like big short has been placed

[cestnous] 26/2/2016 13:37

Resistance @ 150 like I said a while back. It's obvious on the chart.

[losses] 26/2/2016 13:35

What's holding this back?

[racg] 26/2/2016 11:57

Radically, larger company then. But....but who the hell knows with Kaz.

[smurfy2001] 26/2/2016 11:06

This is a fast moving stock. Was over £10 not long ago.

[and1] 26/2/2016 10:22

170 short term and perhaps 210 medium term but you never know with this share. I still doubt if 250 is reachable before later next year. 50% growth every year till 2018 could tempt some funds to stock up.

[smurfy2001] 26/2/2016 08:28

Market cap is 666 sign of the beast.

[plastow] 26/2/2016 08:27

Yes I'm still holding 160 170 short term target.

[chiva20] 26/2/2016 08:15

Can see us piling through 160 today

[losses] 25/2/2016 14:41

A massive tussle going on for the 150..

[racg] 25/2/2016 14:06

Mmmmm, not so well received I guess.

[ianio5691] 25/2/2016 10:03

Fingers crossed BBD. It's not unreasonable with KAZ, when she picks her skirt up, she's a right little goer - and there's a beautiful inverse head and shoulders forming to 250, indicating a possible run to 350 by end of year....

[bigbigdave] 25/2/2016 09:42

250p in a few weeks? Bit optimistic there Ianio, but if you are right I'll be overjoyed!

[ianio5691] 25/2/2016 09:30

All looks as good as we could possibly have hoped for.
A small divi would have been nice - but it will come.

Having another crack at 160 as I type, with some big 'A' trades gone through. Shorts closing and ii's buying in big time.

Well into recovery mode now, and hoping to see 250 within a few weeks...

GLA

[racg] 25/2/2016 08:43

Headroom seems sufficient. Cost control and execution risk good and minimal. TFFT. I think apart from the very obvious question of the copper price I may eventually see my investment return to break even.

[smurfy2001] 25/2/2016 08:34

FINANCIAL HIGHLIGHTS

-- Group EBITDA of $202 million
- East Region and Bozymchak EBITDA of $240 million
-- Strong cost control in a low commodity price environment
- Gross cash cost of 230 USc/lb, below guidance of 260-280 USc/lb
- Net cash costs of 109 USc/lb, first quartile operations
- Sustaining capital expenditure limited to $68 million, below guidance of $80 - $100 million
-- Significant liquidity
- Available funds of $1,501 million, includes $250 million of undrawn facilities at 31 December 2015

- Net debt $2,253 million as at 31 December 2015
OPERATIONAL HIGHLIGHTS

-- Achieved production targets for all metals
- Underlying copper in concentrate production of 89 kt
- Copper cathode production of 81 kt, in line with guidance of 80-85 kt
- All by-products in line or ahead of guidance
MAJOR GROWTH PROJECTS ON TRACK

-- Bozshakol
- Mining activity ramping up, 7 million tonnes of ore mined in 2015
- Copper concentrate production commenced in February 2016
- Production guidance for 2016: 45-65 kt copper cathode equivalent and 50-70 koz gold bar equivalent

- $50 million reduction in project capital budget
-- Aktogay
- 3 million tonnes of oxide ore mined in 2015
- Oxide operations contributed initial copper cathode production in 2015
- Production guidance for 2016: 15 kt of copper cathode from oxide operations
- Sulphide operations on schedule for 2017 start up
OUTLOOK

-- Industry leading copper production growth of over 50% per annum to 2018
- Group's copper cathode equivalent production to increase to 130-155 kt in 2016
-- Continued focus on cost control
- Gross cash cost guidance for 2016:
- East Region and Bozymchak 200-220 USc/lb
- Aktogay oxide 110-130 USc/lb
- Bozshakol 150-170 USc/lb

[chrisgail] 25/2/2016 07:44

KAZ now looks like a sound run, correctly financed Company with a future of good growth. The valuation the market puts on it at present is in my opinion too low. Hold for solid gains.

[plastow] 25/2/2016 07:26

All looking good for the share price 160 170. At a guess

[plastow] 24/2/2016 14:11

Let's see what the yanks do later today I'm tempted to top up!!