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%

is this this LONG you hark on about hyleo.............its going down quicker than a polish prostitutes panties

great tip yhis long of yours hyleo, lol.......about only thing u tip and it plummets

miners are a terrifying sector at the moment .... if you want to be scared, have a look at how RIO has performed over the last weeks

Don't worry. I'm well and truly scared which is very clever of the market because when the opportunities come along I'm too frightened to take them.

Maybe I'm just getting too paranoid ..

rio up 55% in just over a week

where did you get that?????? ...... you're right! ...... sp was about 20.00 in mid october; rocketed to just over 30.00 a couple of days ago but is now back to about 25.00

as i said, dead scary

Can you believe these drops.

Kaz 13%, ENRC 20%, ANTO 15%, CFM 24%, IFL 36%, XTA 15%, VED (good results) 18%, SOLA 20%.

Tis like a war zone.

what on earth has SOLA got to do with miners????
you also forgot RIO which is down 15% today

u goy something with rio!!!!!

are u a brazilian boy, lol

polish ancestry like you!

Good question cynic.

No idea really. Just thought I'd throw SOLA in for good measure as it was also being hammered.

The miners need to come to the top here!

Just been re-weighted on the ftse index!

Any thoughts anybody?

KAZ is a very STRONG BUY at 320p. BUY, BUY BUY!!!

Down 24p to 297p this morning. Not such a strong buy after all!!!

Probably time to BUY more. Do u think, Harry?

why buy? ..... copper is still heading south
if/when sp hits 240 support, then reconsider

I can see no reason to buy at the moment. Other miners (Gold, Platinum, Silver) offering better returns.

I'm buying tomorrow Harry.

Dividend all gone....


Kazakhmys omits final dividend - MoneyAM


Kazakhmys said today EBITDA for 2008, from managed businesses excluding special items, was down to $1.627bn from $2.336bn the previous year. Overall group revenue was down 2% to $5.151bn due to lower metal prices. No final dividend will be paid.

Net debt was $1.628bn at year end with cash and deposits of $572m and an undrawn revolving credit facility of $200m.

The group suffered impairment charges of $400m.

Kazakhmys said it had identified cost reductions of $200m and capital expenditure would be reduced by $250m.

Oleg Novachuk, CEO of Kazakhmys, said: '2008 was a solid year in production terms and also a year in which we made some significant strategic developments. Market conditions in 2009 are challenging but we are taking decisive action, across the Group, to conserve cash while at the same time preserving the underlying strength and potential of the business. We are positive on the long-term outlook for copper and on the potential for the electricity market in Kazakhstan, where there is a clear need for both capacity and tariffs to rise.'

Im looking for 350p plus after upbeat news on Reuters this morning re- to base metals price recovery especially Copper.

Stock trades on far too low a multiple IMHO....

Kazakhmys Forecasts

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-10 2,382.10 407.54 72.28p 4.3 0.1 +76% 9.15p 3.4%

A forward P/E of just over 4 and EPS growth of 76% going into 2010, this rating is far too cheap.