Kaz Minerals Share Discussion Threads

[rampant_bull] 18/5/2017 08:46

Not a good day for copper or kaz

[rampant_bull] 17/5/2017 11:40

KAZ Minerals PLC (LON:KAZ)'s stock had its "hold" rating reissued by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday. Target price 500

[plastow] 17/5/2017 10:25

Kaz needs to stay above 495ish still banging it's head against resistance ...

[manics] 16/5/2017 20:35

Credit to Tucson on LSE who posted:
In the annual report it was indicated that they hoped to conclude the refinancing by the end of June.


Tucson's posts prompted me to drill through revealing a few titbits. Could be part of the reason we're moving imo:

-The covenant is next due to be tested on 30 June 2017

-The Group intends to enter discussions with the banks to achieve a refinancing of the PXF facility in the first half of 2017 in order to amend the financial covenants to ensure a breach is not triggered and to increase available liquidity
by extending the facility amount and the duration of the facility. The Board is confident the banks will view such a refinancing favourably provided the Group’s debt service obligations continue to be maintained and considering the short-term nature of the breach and the quality of the Group’s assets, in particular the Bozshakol and Aktogay mines which have long operational lives and provide
large scale output at low cash costs

-In particular, the Directors have concluded that it is highly likely that the Group will be able to successfully restructure the PXF facility prior to 30 June 2017

PXF is only a part of the debt, and there's seemingly a separate revolving facility coming up for negotiation at the same time (JUN17). There's clearly several external entities involved so it's not hard to think positive news might be beginning to show itself via one avenue or another.

[plastow] 16/5/2017 18:14

Yes hitting resistance let's see if it blast through over the next few days

[smurfy2001] 16/5/2017 16:37

Top of the downtrend so down the next days?

[rampant_bull] 16/5/2017 16:29

Nice rise today

[adp] 16/5/2017 15:10

Whatever this is, copper now going the right way won't do it any harm

[teamwork1] 16/5/2017 15:06

Not 3 pounds u should have said 1 pound

[adp] 16/5/2017 14:54

This is kaz, £3 closing ;-)

[teamwork1] 16/5/2017 14:43

5 pounds closing price?

[adp] 16/5/2017 14:22

Interesting

[penrith] 16/5/2017 14:19

teamwork1 ....good question. Leak re the financing?

[patience a virtue] 16/5/2017 14:12

Huge growth in revenue and profit expected.

[losses] 16/5/2017 14:08

Why not... it's worth loads more than this.

[teamwork1] 16/5/2017 14:05

Why is kaz up?

[topazfrenzy] 15/5/2017 21:56

Miners are going to lead in H2 IMO

[berberic] 15/5/2017 19:36

Seems like a disproportionate rise in share price relative to copper price today. Similar rise today on Anglo American. We need another 10 cents per pound in a sustained way and the shared price will break 500-520p. Something that's quite significant today is that copper tested, successfully, the 5600 USD per tonne support level.

[kenmitch] 15/5/2017 15:07

Possible on the China news and even better if Trump infrastructure spending becomes a reality. A sector correction was likely after the exceptional gains last year. e.g in UK mining sector doubled in 2016.

Good thing about KAZ is aside from fast ramping up production it's at low cost too. News on any debt repayment could also give the share a lift. Looks worth holding through the dips unless surprise bad news, and even adding around £4 if it gets that low again.

[amunro] 15/5/2017 15:01

End of bear period? Not just KAZ but in general?

[adp] 15/5/2017 14:30

Always seems to be worth buying towards £4

[smurfy2001] 15/5/2017 12:01

Still in a downtrend

[umitw] 15/5/2017 11:49

Well it's gapped up this morning. I wonder how long the share price is going to stay up..?

[losses] 15/5/2017 07:54

Copper up a bit this morning... should see the shares take back 450+