Kaz Minerals Share Discussion Threads

[aspers] 01/12/2020 12:46

We should be £9 plus by now if this was not being held back by the offer price. Just take a look at ANTO all copper shares are flying.
This deal cannot go through at this ridiculous cheap price. Highly immoral and illegal. They are not getting my shares. Do not get mugged folks.

[rampant_bull] 01/12/2020 12:19

This would probably be 800 now without the takeover bid at 640. Something dodgy going on here.

[tygarreg] 30/11/2020 07:30

Copper prices just keep climbing!!!

[tygarreg] 26/11/2020 08:20

Judging by prices of copper and comparing to other major miners like BJP and rio reaching 5 year peaks, this is far too cheap. Without the pending buyout it would be hitting at least 8 to 10 gbp by now.

[zangdook] 24/11/2020 12:10

Any and all of those, and also this: If you're minded to accept the offer, but you can get 650 in the market, you'll take 650, and your shares will go to a buyer who's betting the offer will fail. So they had to put out something negative to push the price down before too many shares got into the wrong hands.

[jp2011] 24/11/2020 11:53

What was the point of that statement? Leverage against the Russians to provide infrastructure, a face saving u turn that it might not go ahead, or a warning to existing shareholders if they don't back the offer?

[manics] 24/11/2020 10:23

Cu would have driven this mental by now if not for the 640p throttle.

On a 7 handle easy.

[glavey] 22/11/2020 03:24

KAZ Minerals says risks around Baimskaya copper project in Russia up due to new government infrastructure plan

[tygarreg] 19/11/2020 07:14

Looks like they need time to reevaluate a better offer!

[zangdook] 19/11/2020 07:11

More excuses

[zangdook] 18/11/2020 09:19

Perhaps they'll have a Covid outbreak somewhere and have to rein in production.

[amunro] 18/11/2020 08:42

Thought it might tick down to 640. Then it will probably tick up again. So I guess it did not work? KAZ are making loads of money from selling copper. Wait for the next production report and do the maths.

[tygarreg] 18/11/2020 08:33

Looks like it has forced a few more sellers!

[tygarreg] 18/11/2020 07:37

Does anyone actually believe that RNS?If it were true the buyers would drop out! I may be a suspicious, cynical old git but it looks to me like they are trying to make us think we are lucky to get the bid at all.

[amunro] 18/11/2020 07:28

Yes, wonder if it will work. Investors probably not interested in 2026; more interested in the here and now? Anyhow if KAZ went private they would still need to finance the $8 billion so its obviously been thought of?

[zangdook] 18/11/2020 07:14

Trying to tamp down the price. I wonder if it'll work :-)

[manics] 18/11/2020 07:09

"When recommending the offer from Nova Resources of 640p per share, the Independent Committee of KAZ Minerals stated that the risks on the Baimskaya project were increasing. The Complex Development Plan for Chukotka submitted today within the Russian government has resulted in higher infrastructure costs and a delay to the bankable feasibility study. Recognising that shareholders require up to date information on Baimskaya ahead of the planned vote on the offer, the Independent Committee has taken the decision to publish the latest available project parameters based on the study work completed to date."

[dekle] 16/11/2020 16:01

Who is the investor seeking help to oppose buyout? He's got my vote

[zho] 16/11/2020 11:36

Kaz investor seeks help to oppose £3bn buyout bid

(Google title to access article)

[jp2011] 16/11/2020 10:59

The scheme requires 75% acceptance rather than 50% in a takeover. Supposing there is support to block the deal, you're left with a hostile CEO controlling 40-45% on a strategy that destroys shareholder value in the short & medium term. You might get lucky with a 15% higher offer but the opportunity cost of holding on is significant, as we saw when the Pfizer vaccine news was released.

[tygarreg] 16/11/2020 08:09

Wow! people buying in at over the takeover price!