Kaz Minerals Share Discussion Threads

[chrisplayford1] 13/12/2016 16:32

Sell off today?

[adp] 13/12/2016 11:31

So what was that, invitation to buy at a discount!

[smurfy2001] 13/12/2016 11:01

Oh ok thanks

[kamsingh87] 13/12/2016 10:41

smurfy 2001 read above, it was 8 hours ago, im assuming it was due to the new news that was pending on securing the $300m

[smurfy2001] 13/12/2016 10:36

WTF? WHy the trading halt?

[kamsingh87] 13/12/2016 10:24

Thanks for that b2L. Quite surprised by the down spike today, not sure whether to buy more on the down dip. Quite deeply invested into kaz, been in since 248!

[b2l] 13/12/2016 10:16

just saw it was on 1:00 pm Hongkong time, that´s 8 hours ago

[kamsingh87] 13/12/2016 10:13

Why the trading halt?

[b2l] 13/12/2016 10:08

TRADING HALT
At the request of KAZ Minerals PLC (the ‘Company’;), trading in the shares of the Company on The
Stock Exchange of Hong Kong Limited will be halted with effect from 1:00 p.m. on Tuesday, 13

December 2016 pending the release of an announcement which constitutes inside information.
By order of the Board
KAZ Minerals PLC
Susanna Freeman
Company Secretary

[rickyy] 13/12/2016 09:55

Possible tree shake?

[chrisplayford1] 13/12/2016 09:44

Why the sudden spike down?

[bamboo2] 13/12/2016 08:11

We need to wait for eod confirmation, but it currently looks like copper will revisit the 2.5 area.

[bigbigdave] 13/12/2016 07:18

Good news this morning slightly easing debt concerns.

[smurfy2001] 12/12/2016 22:49

Given the recent rises in oil prices it's going to be interesting to see if metals follow.

[bamboo2] 12/12/2016 13:30

Near term copper price direction will become clearer later on tomorrow. Potential turns on triangle apex.

[smurfy2001] 11/12/2016 23:29

Copper price jump: China concentrate imports hit record
Frik Els | 3 days ago | 1,861 | 0
Copper price jump: China concentrate imports hit record
Chinese refiners are lining up for copper
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump's $500 billion infrastructure plans lift sentiment.

Copper price jump: China concentrate imports hit recordWhile it's pulled back from those levels since, official customs data from China, responsible for some 45% of global consumption of the red metal, released on Thursday is seeing the metal turn positive again.

In overnight trade on Friday copper for delivery in March, the most active contract, was exchanging hands for $2.6575 per pound ($5,858 a tonne), up 1.2% from Thursdays close on the Comex market in New York.

While China's copper imports surged 31% to 380,000 tonnes in November compared to October, shipments were down 18% year on year. Concentrate imports however hit an all-time high last month of of 1.76 million tonnes. Year to date shipments are up 31% year on year at 15.4 million tonnes.

After vastly underperforming other metals and steelmaking raw materials in 2016, copper has been playing catch-up and is now up 37% from six-year lows hit mid-January this year.

[losses] 10/12/2016 13:57

BBD, I think there might be a market correction around 20k DOW.KAZ definitely going in the right direction.. I think minimum 600 sometime next year... but been going on a steep straight line will bring in some profit takers... including myself.Still have a fair few here but will trade the ups and downs aswell as holding the long term ones.

[bigbigdave] 10/12/2016 09:43

£2 - £3 around 5 weeks.
£3 - £4 around 5 weeks.
£4 - £5 middle of January??
£5 - £6 end of February??

Not guaranteed of course but the steepness of the chart is a thing if beauty.
Production report at end of January to also add into the equation.

[bamboo2] 09/12/2016 15:42

Stepped out of KAZ today. Will wait and see which way copper decides to go, as there appear to be some potential turns midweek [next week]. Will post chart a bit nearer the time, when we can hope to see which way it will go. Cheers

[racg] 09/12/2016 15:09

Though it is hard to average down and scary when the price makes continual new lows. I ran out of money averaging down..... Luckily I got it down to the 2.80ish level nonetheless.

I think if you very held it this long perhaps just keep holding rather than average down, if the possibility of a collapse concerns you alifish. Having said that I was totally reckless with my average downs and seems to for the moment to be working out.

[kenmitch] 09/12/2016 14:07

Debt was the big worry and the reason the share price crashed last year.(Ditto for Glencore). Surely KAZ's new low cost mines along with copper price recovery mean the debt can now be reduced as profits flow in. Market obviously taking this view and hence the share price rocketing since the 120p low in July. It always was fairly obvious that KAZ would reach this stage, but it took longer than expected for the market to wake up to that!

Anyone thinking of averaging down would have been far better doing so when the share was much lower despite nothing but good news this year. For the same outlay as now average downers could have bought more than 3 times as many shares!

[racg] 09/12/2016 10:26

Mmmmm, well it could be if copper dives again.
Or problems with production arises.
Or if the lenders found a spurious breach or non spurious breach of the terms and called the debt in early.
Or if they cannot reschedule 2018.

But then it's Hobson's Choice really.

[ali47fish] 09/12/2016 09:33

is the debt a big worry here anyone- i let this one run and i dont know if i have missed the boat - i am tempted to average down but still hesitant

[bigbigdave] 08/12/2016 19:06

Agreed LM, no chart resistance until 7/8 quid.

[luckymouse] 08/12/2016 18:40

Perfect chart