Kazakhyms plc is the tenth largest copper cathode producer and the tenth largest mined copper producer in the world. Its principal business is the mining, processing, smelting, refining and sale of copper and copper products, including copper cathode and copper rod. As by-products of it copper operations, the group also processes, refines and sells zinc, gold and silver.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Copper operations & others: 100%

just have the gut feel some miners have hit rock bottom!

CAML looks like nice Company, but on AIM and with a share dealing spread of 4.5%,
it is no use for me using CFD's. It could be a nice place to park some cash for the longer term, if could be bought on a slump.

KAZ not looking that strong at present maybe a repeat drop down to the 2009 lows around £1.70 to form a bottom? as this needs to be above £2.50 to be going back up again! and most brokers/ MM are still negative at present with lower targets still in place.

DIPPED MY TOE..LOOKS A GOOD BET AT THIS LOW PRICE...TARGET 1000P

I wish.,.

What is happening - why up nearly 20% today ??

very very odd indeed .... HUGE volume = already 3.5x the daily norm, but no news of any kind ..... further, L2 shows buyers as just small PIs or similar

I am staying in for now with 5,000 shares - hope I am correct.
Must be some announcement coming ?????

maybe reaction to Glencore Xstrata production news?

no idea at all, but i have rashly had a small dabble (208) and note that sp continues to forge ahead .... are they all blind lemmings like me or is there indeed something interesting afoot?

I can't stand the suspense !

Tenge is devalued by 19%

why would that be of benefit?

need a lot more for me to get excited.,.

I know but it's 9 am Bb !

thoroughly agree BB, which is why i have banked a nice little profit at 220.8

All explained here...........

http://www.sharesmagazine.co.uk/news/devaluation-to-lower-kazakhmys-costs#.UvnyOGJ_tVd

thanks sticky ... hence this little bit from that article ....

Remember that this stock is heavily shorted, so lots of people will be forced to close out their positions amid margin calls today – hence the big share price reaction.

thus, i think it unlikely that this massive rally has lasting legs

Hence all the small PI buys you mentioned. Shorters closing.

BUT dont forget mining sector looks to be recovering in last couple of weeks so this MAY be a catalyst here for recovery.

See chart thread for others that look in good nick.

KAZ Daily chart.......