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%

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.......

Support at 220p. Spread small enough to day trade here???.

Daily High 231.82.

you can trade it if you like, though it is now much more risky than it was first thing when i jumped in (where angels fear to tread)

i certainly don't much fancy KAZ as a portfolio stock, but then for hard commodities, i have long favoured the likes of BLT and RIO

What alerted you??

rekirkham - post 137

Very astute. Mind you seem to like miners.

my name's not jimmy!

hey Jimmy.

You'v lost me ?

that looks like the end of that excitement, and indeed the foolhardy may now choose to go short rather than long

as has been the case all morning, sellers book far heavier than buyers
with that in mind, it is getting ever more tempting to dabble short