Kaz Minerals Share Discussion Threads

[manics] 08/3/2017 18:08

If Cu turns so will KAZ.

[ljhrunner12] 08/3/2017 18:02

Forward P/E based on 2017 production targets now in the region of 10 based on current share price which suggests that the market doesn't expect KAZ to do very well. That doesn't make sense to me though based on the impressive operational results for 2016. Maybe news of debt restructuring or production ramp up at Actogay will be needed to get the share price moving again.

[umitw] 08/3/2017 14:13

With love from IG index! :-) very optimistic!539p is our pivot point.Our preference:target 401.25.Alternative scenario: the upside breakout of 539 would call for 589 and 618.5.Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (548.41) but above its 50 day MA (477.37).Supports and resistances:

[ljhrunner12] 08/3/2017 12:47

Bearing in mind the recent upward trajectory and the fundamentals of KAZ might it be likely that an inverted H&S is forming with the LS where you have the Head and the Head where you show the RS? If this is the case then we are near the bottom of the formation at current sp

[rampant_bull] 08/3/2017 12:25

Seeing that the price has tumbled with the strikes going on and on, I expect the price to rally when the strikes conclude. This share defies logic

[p163] 08/3/2017 11:40

Kaz is a player of copper price. Will the price tumble when the strike ends in Chile?

[p163] 08/3/2017 11:39

Kaz is a player of copper price. Will the price tumble when the strike ends in Chile?

[bamboo2] 08/3/2017 10:26

My view fwiw. share price is currently supported by recent historical [dark blue] and rising 50sma [purple].
Area bounded by pink lines is strong hist support zone.
H&S target is in the middle of this zone. [Neckline is upward orange line]

[mr roper] 08/3/2017 10:17

good for the share price to take a breather, looking at the chart it looks like a decent spot to add...

[rampant_bull] 08/3/2017 10:10

All the fundamentals are positive and the future looks great but current price action is poor. I'm still confident of 800 by end 2017

[daveas] 08/3/2017 09:44

Big shortage of cu appearing on the horizon as copper smelters prices are at a 4yr low due to lack of concentrate being supplied mainly due to 10% of world supply on strike

[racg] 08/3/2017 08:20

Hope this is the bottom. Bloody Kaz.

[penrith] 08/3/2017 00:51

copper inventories surge. Who knows were copper price would be without these strikes.

[b2l] 07/3/2017 21:02

@redart
yes

[redartbmud] 07/3/2017 20:41

The inscrutable Chinese. Ramping up production and lowering their growth forecast may be factors.

[rampant_bull] 07/3/2017 18:14

I think we are just as likely to spring back to 550 then drop to 450. Nobody can call the direction of this share unless you have a crystal ball

[rampant_bull] 07/3/2017 17:04

Can't quite understand why the miners are all down since great results.

[manics] 07/3/2017 16:17

Back into oversold for the first time since around 367p. Could be a time to consider topping up.

[losses] 07/3/2017 16:14

450+ next support... surprised gone below 500

[racg] 07/3/2017 15:22

GHOSTLY SILENCE DESCENDS......

[racg] 07/3/2017 08:58

That bloody Lee. Just won't do as he is told.

[taurusthebull] 07/3/2017 07:38

Workers at Cerro Verde mine, one of the largest copper producers in Peru, plan to start a five-day strike on Friday to demand better labor conditions, a union representative said on Monday.
Another strike yet cooper still don't rise.

[b2l] 07/3/2017 07:02

Strike At The World’s Largest Copper Mine Approaches Critical Moment

Striking miners at the world’s largest copper mine face a critical juncture at the end of this week, when management is legally permitted to offer striking workers a deal to convince them to return to work.

Miners at the Minera Escondida copper mine in northern Chile have been on strike ever since Feb. 9, when the miners’ union announced the walkout. The ongoing dispute stems from conflict between workers demanding wage increases and profit-sharing and companies looking to cut costs by laying off workers and reducing benefits, due to the relatively low price of copper and other commodities.

Chilean law allows mining companies to make offers to striking workers 30 days into a labor stoppage. March 10 marks the 30th day, and union officials are concerned that a deal from BHP Billiton, the company with controlling interest of the mine, will tempt some of the workers into going back to work.

“Everything will change on day 30,” Carlos Allendes, a union spokesman, told Bloomberg Friday. “The company is probably betting that some workers will go back to the mine, but we feel confident that many won’t accept worse benefits than we have now,” he said.

hxxp://dailycaller.com/2017/03/06/strike-at-the-worlds-largest-copper-mine-approaches-critical-moment/