grizzlyb
14 Jul 2017
Re: Down tomorrow I'm with you letsmakelotsofmoney. The business is progressing very nicely.
II Editor
14 Jul 2017
NEW ARTICLE: City traders dancing 'closer to the exit' "A month-long losing run ended last week, and the @GB:UKX:FTSE 100 need only stay above 7,350 to make it consecutive weeks of positive returns. This overall sideways move can make things uncomfortable, however, and investors remain twitchy.We ..."[link]
letsmakelotsofmoney
13 Jul 2017
Re: Down tomorrow I am hoping that the SP holds around these levels when Q2 results will be out next Thursday. With a little bit of good news we will break £6 again !What do others think ?
lesliez
13 Jul 2017
Down tomorrow I think this will be down 5% tomorrow. Always happens as the SP approaches £6.
shugg1e
12 Jul 2017
Re: My tea leaves ... Its a classic cup and handleQuite apt really when talking about tea leavesCup is almost formed with 610p then handle down to about 540p[link]
swallowsflysouth
12 Jul 2017
Re: My tea leaves ... well, i just sold at 5.85
Clitheroekid
11 Jul 2017
My tea leaves ... ... tell me that this will hit £5.82 before reversing and dropping back to around £4.80.PG Tips.
grizzlyb
11 Jul 2017
Re: Deutsche Seems it's faring quite well, up from 475p to 560p against Deutsche's target revision from 370p to 350p.
grizzlyb
22 Jun 2017
Re: Deutsche Cant say broker notes do much for me. Kaz is one of the lowest cost producers and China announced massive infrastructure investment a few months ago. I'm confident, but we'll see how it fares.
nk1999
22 Jun 2017
Deutsche From ADVFN:"Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Africa mining sector, telling clients they were cautious given the modest deterioration seen in macro indicators for the sector.In parallel, they also revised commodity price forecasts which resulted in roughly 11% downgrades to its earnings per share estimates for the sector in calendar years 2017 and 2018.The broker marked down its EPS estimates for BHP Billiton (Hold), Glencore (Hold) and Anglo American (Hold) over 2017 to 2019 by an average of 9%, even as it upgraded those for Rio Tinto (Buy) and South 32 (Hold) by about 7% and 20%, respectively.Higher price projections for aluminium lay behind the latter.Analysts at Deutsche lowered their target for BHP Billiton from 1,450p to 1,400p, for Anglo American from 1,100p to 1,000p and for Ferrexpo (Buy) from 280.0p to 270.0p.KAZ Minerals's (Sell) target was taken down from 370.0p to 350.0p.Meanwhile, its model overhauls and lower copper price forecasts led it to slash its EPS estimates for Antofagasta and First Quantum (Buy) by 25% and 40%."
imperator2008
11 Jun 2017
Re: Credit Suisse I agree with their sentiments. i've been buying since 150p and I'm really happy with the performance of the company (and the share price) to date.Seems like we had a bit of a breakout on Friday - finally breaking free of the 470-507p range we've been trapped in for months. I'm expecting a hike up to 6 pounds again fairly soonish.
letsmakelotsofmoney
09 Jun 2017
RNS -Refinancing 9 June 2017 REFINANCING OF PRE-EXPORT FINANCE DEBT FACILITYAND INCREASE TO $600 MILLION KAZ Minerals PLC ("KAZ Minerals" or "the Group"
announces that it has completed an amendment and extension of its pre-export finance loan facility which includes an increase in the facility commitments to $600 million (the "new PXF". The new PXF extends the maturity profile of the existing facility by 2.5 years from December 2018 until June 2021. Under the revised repayment profile, principal repayments will commence in July 2018 and then continue in equal monthly instalments over a three-year period until final maturity in June 2021. The facility amount has been increased to $600 million reflecting strong support from the market during syndication. The balance of the $600 million commitments over the $224 million outstanding under the existing facility as at 31 May 2017 will be available for drawing over a six month availability period until December 2017. The interest basis of the new PXF is substantially the same as the existing facility, with a variable margin of between 3.0% and 4.5% above US$ LIBOR, dependent on the ratio of net debt to EBITDA1 which will be tested semi-annually. Financial covenants have been revised in the new PXF to increase headroom as the Group's new mines at Bozshakol and Aktogay continue to ramp up production. The Group remains subject to temporary restrictions relating to the Group's total debt, dividends, acquisitions and capital expenditure outside the scope of existing operating mines and major growth projects for as long as net debt to EBITDA1 is above 3.5:1. The refinancing was coordinated by Deutsche Bank AG, ING Bank and Société Générale Corporate and Investment Banking acting as Coordinating Mandated Lead Arrangers and Bookrunners. Other lenders in the facility are ABN AMRO Bank NV, Bank of China Limited, Citibank N.A., Crédit Agricole Corporate and Investment Bank, ICBC London, JP Morgan Chase Bank N.A., Natixis, Rabobank London and UniCredit S.p.A.. Deutsche Bank AG continues as the agent bank and ING Bank is the security trustee. Andrew Southam, Chief Financial Officer, said: "We are pleased to announce the signing of the amendment and extension of the PXF facility with an enlarged syndicate of 12 banks participating. The amended facility demonstrates continuing support for the Group from its lenders, with all existing banks maintaining or increasing their participation and four new banks joining the syndicate. The new PXF will enhance our financial flexibility as we complete the ramp up of output from our new mines at Bozshakol and Aktogay." 1. EBITDA is calculated on broadly the same basis as "Gross EBITDA" as defined in the KAZ Minerals PLC Annual Report 2016. For further information please contact: KAZ Minerals PLC Chris BucknallInvestor Relations, LondonTel: +44 20 7901 7882Anna MallereInvestor Relations, LondonTel: +44 20 7901 7814Maksut ZhapabayevCorporate Communications, AlmatyTel: +7 727 244 03 53Instinctif Partners David Simonson Tel: +44 20 7457 2020 REGISTERED OFFICE6th Floor, Cardinal Place, 100 Victoria Street, London SW1E 5JL, United Kingdom.NOTES TO EDITORSKAZ Minerals PLC ("KAZ Minerals" or "the Group" is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan. It operates three mines and three concentrators in the East Region of Kazakhstan, the Bozymchak copper-gold mine in Kyrgyzstan, the Bozshakol open pit copper mine in the Pavlodar region of Kazakhstan and the Aktogay open pit copper mine in the East Region of Kazakhstan. In 2016, total copper cathode equivalent output was 140 kt with by-products of 75 kt of zinc in concentrate, 120 koz of gold bar equivalent and 3,103 koz of silver bar equivalent.The Group's major growth projects at Bozshakol and Aktogay are expected to deliver one of the highest growth rates in the industry and transfor
nk1999
04 Jun 2017
Credit Suisse From ADVFN:"Kaz Minerals got a boost on Friday as Credit Suisse upgraded its stance on the stock to 'outperform' from 'neutral' and hiked the target to 630p from 370p.It noted that over the past two years, Kaz's growth outlook has been met with fears over operational delivery and funding shortfalls. However, the Bozshakol mine has reached commercial production and is contributing cash flow, the Aktogay mine is now ramping up at an even faster rate and the funding risk is now limited even under bearish copper price assumptions."We think this justifies Kaz moving to a more de-risked valuation and thus upgrade," CS said.CS pointed out that the company has consistently guided to around 300kt of production in 2018 versus 140kt in 2016 and said this looks achievable.The bank also said while debt levels are high, given the strong operational performance, new debt facilities raised, reduced project capex and the cash buffer of around $1.1bn, the risk of a funding gap is limited."
letsmakelotsofmoney
23 May 2017
Commod stocks may rally tomorrow? [link]
g4ry13
20 May 2017
Re: 550p What is significant about 550? The recent high was £6.
