Kaz Minerals Share Discussion Threads

[mj19] 18/8/2016 13:37

KAZ previously engineered a split from Eurasian Natural Resources Corporation, where it had a 26 per cent stake.The first of KAZ's new mines, Bozshakol, is ramping up to full production while the main production at Aktogay will start next year, although one of the phases of the mine started last month. KAZ has said it can cut the capital spending at Aktogay by $100m to $2.2bn.The spending at both sites mean KAZ's net debt will not peak until next year, while sentiment towards miners has weakened as copper prices have fallen since construction started. But KAZ said on Thursday that underlying earnings in the first six months rose 30 per cent, with copper production rising 43 per cent, in spite of revenues that were 11 per cent down.The group swung from a net loss of $13m for the first six months of 2015 to net income of $73m.Oleg Novachuk, chief executive, said: "Finally we have entered the stage where we do not need to promise everything - these are the first set of results where people can see the results that were promised."The miner also benefited from devaluation in Kazakhstan as well as the strong performance this year of gold and silver. The precious metals are mined alongside copper and sold as by-products, helping KAZ to cut mining costs.Net cash costs were down 40 per cent at its fully operational sites while gross cash costs were down by more than one-third, KAZ said.KAZ said it still faced a "challenging external environment" but was now better positioned for lower commodity prices.Net debt rose by $250m to $2.5bn. Tim Huff, an analyst at Canaccord, said the rise was lower than expected and suggested net debt would peak at below $3bn, helping talks with lenders over renewed financing arrangements that KAZ said would start soon.When the two mines are complete KAZ expects to produce about 300,000 tonnes of copper annually. This year the forecast is for between 135,000 tonnes and 145,000 tonnes.

[r88ave] 18/8/2016 10:24

It has 200p plus written on it in next few weeks 300p by October

[linton5] 18/8/2016 09:55

190 is resistance, once above and settled KEPOW

[smurfy2001] 18/8/2016 09:30

About time.

[racg] 18/8/2016 09:13

Phew....fooey

[plastow] 18/8/2016 08:55

About time kaz onwards and upwards

[r88ave] 18/8/2016 08:52

Lol I don't think the market is saying that They obviously liked result and guidance

[cumnor] 18/8/2016 08:46

A pure gamble on copper price-will fly if they rise but debt repayments will very quickly sink the company if they don't. Take your pick. I'm out. imo

[tsmith2] 18/8/2016 07:50

Where's the free cash flow?Nine being generated even before capex...

[r88ave] 18/8/2016 07:35

Usually the market tend the price the stock based on upcoming future earnings, the ramp up of production guidance for next year is going to have very positive reaction to current share price as of now. Positively it is making profits already which will add the case for the share price to rise. Hopefully this get pass through the stubborn 170p today
10% rise on cards ?!

[mustau] 18/8/2016 07:30

Anyone holding beyond 2017 should benefit greatly, but the dips.

[r88ave] 18/8/2016 07:22

Excellent result
Still way too cheap!!

[r88ave] 16/8/2016 09:33

Keep an eye on this one lol!

[linton5] 16/8/2016 08:16

Keep an eye on Cmbn broke above resistance yday

[linton5] 16/8/2016 08:15

I am not selling here till 2020 same as my Ved 2020 hopefully we will be in a much better place with commodities. I'm praying anyway 🙏🏽

[mj19] 16/8/2016 04:27

Anyone brave enough to hold for the results

[mj19] 15/8/2016 20:54

That's a great philosophy I wish I did that

[r88ave] 15/8/2016 17:44

Reckon it could be a good week for kaz I never take note brokers comments as I don't believe in them at all

[mj19] 15/8/2016 14:14

KAZ Minerals PLC 13.9% Potential Decrease Indicated by Peel HuntPosted by: Katherine Hargreaves 15th August 2016KAZ Minerals PLC with EPIC/TICKER LON:KAZ had its stock rating noted as 'Reiterates' with the recommendation being set at 'HOLD' today by analysts at Peel Hunt. KAZ Minerals PLC are listed in the Basic Materials sector within UK Main Market. Peel Hunt have set a target price of 140 GBX on its stock. This now indicates the analyst believes there is a potential downside of 13.9% from the opening price of 162.6 GBX. Over the last 30 and 90 trading days the company share price has increased 23.6 points and increased 8.69999999999999 points respectively.

[racg] 15/8/2016 10:41

Not a lot, guess we ll see some action closer to results day.

[mj19] 15/8/2016 10:32

What's KAz doing

[mustau] 12/8/2016 15:59

Well researched drivel, board of Ved expect prices to be higher towards the end of year.