Kaz Minerals Share Discussion Threads

[bigbigdave] 06/12/2016 16:09

4 quid :o)

[plastow] 06/12/2016 12:47

She's teasing us lol

[adp] 06/12/2016 12:13

In since 600........great stuff

[carl79] 06/12/2016 11:42

Been in since 129. In my younger day I'd have tried to trade this but with a few years under my belt, I'm now very happy to just let my winners run on... So run Kaz, run!

[losses] 06/12/2016 10:44

That's cos of a juicy update

[arja] 06/12/2016 10:05

COPPER PRICE down but no stopping KAZ and what a performer of late

[racg] 06/12/2016 08:42

Losses, cannot bring myself to thank Trump; though readily accept he has been a partial fillup to the copper price. It was steadily increasing prior to his win though. However, politics aside, go Kaz, go Kaz.

[plastow] 06/12/2016 08:28

Get ready to put a tot of whisky in your coffee when we pass 4 quid for Christmas.....

[losses] 06/12/2016 07:32

Oh let's not forget copper price shooting up just in time for saleable stuff coming out of the ground... greatly timed

[losses] 06/12/2016 07:31

Another $100 mil saved, plant up and running quicker than anticipated... weak tenge... what more can we ask for?600 here we come.

[plastow] 06/12/2016 07:12

Yes ramping up production with demands increasing in copper this will fly in the next year 4 quid can't be far away the .. The trends you friend copper and oil

[bigbigdave] 06/12/2016 07:05

KAZ Minerals PLC ("KAZ Minerals" or "the Group") announces that the testing and commissioning of the main Aktogay sulphide concentrator has commenced today. Production of saleable copper concentrate from sulphide ore is expected by the end of the first quarter of 2017. Production guidance for Aktogay in 2017 will be announced with the Group's full year results on 23 February 2017.

The Aktogay project budget has been reviewed and reduced by $100 million to $2,100 million. The saving has been achieved through faster than anticipated progress in construction of the concentrator, a partial release of contingency and from the continued benefit of a local supplier strategy and sustained weak tenge.

The timing of the remaining capital payments has been updated, with certain payments previously expected in late 2016 now anticipated in early 2017 and $70 million relating to the expansion of oxide ore heap leach cells deferred to 2018.

The resulting capital expenditure profile for the project is expected to be approximately $100 million in H2 2016, $240 million in 2017 and $370 million in 2018. The $370 million guidance for 2018 includes $300 million of payments relating to work in 2016 and 2017 that was deferred under an agreement with the principal construction contractor in November 2015.

Oleg Novachuk, Chief Executive, said: "We are happy to be able to announce the start of commissioning activities at the Aktogay sulphide concentrator and a further reduction of $100 million in the project budget. We are now focused on ramping up production at Aktogay and Bozshakol to deliver industry-leading copper production growth."

[losses] 06/12/2016 06:25

I think you should also be thanking TRUMP..

[racg] 06/12/2016 03:58

Must keep optimism in check!!! Calm down Robert!

[racg] 06/12/2016 03:58

Must keep optimism in check!!! Calm down Robert!

[racg] 06/12/2016 03:55

If we hit £6, optimistic, I know, I m immediately selling half and inviting whole thread out for a congratulatory beer, (well, max 20 people and 2 premium pints only, it is London you know,((unless particularly beautiful))). Hehe, I can dream on.

But I reiterate it is so nice not to be staring massive OBR size losses every time I visit this thread. Feels like an eternity I ve been holding.

Well done Mr Oleg Novachuk. You the man.

Peace.

[plastow] 06/12/2016 00:31

Looking at the daily chart all I can see from 2013 is massive up side to 700 that's when it fell off a cliff ...

[smurfy2001] 05/12/2016 23:08

Copper Posts 17-Month High on Demand Bet as Citi Sees Strength

An index of the six main metals traded in London surged last month by the most since 2010 on bets that consumption will increase. In the U.S., President-elect Donald Trump has pledged to spend as much as $1 trillion on infrastructure, boosting the outlook for demand.

[davr0s] 05/12/2016 18:48

They can be - brokers forecasts are a complete waste of time IMO

[bamboo2] 05/12/2016 16:44

438 is my next target. Will calculate new tp once it gets there.