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%

BASE METALS

GLOBAL PORTFOLIO FLOWS

Copper in gold hunt

Over the past month, investors have switched heavily from listed gold and silver stocks into names specialising in copper, zinc, uranium and nickel.

Author: Barry Sergeant
Posted: Wednesday , 18 Mar 2009

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=80470&sn=Detail

gf
as all who read my posts know i am a megga bear, still, i am long this since last week.(319) so thanks for drawing it to my attention, seems to now be at critical level.your target of 350p plus has now been met and exceeded.
ta again.you clearly know your onions. Master Chef? anyone watch it?
regards
jkd

12 by Xmas? ;-0

A few hurdles first, but this has broken out of a lovely bottom over the past few days.

nobody can beat your lovely bottom Al ..... actually, there are reports to the contrary!

.......... and I wonder where they were posted, cynic. LOL!

I stuck KAZ in my SIPP in 2 lots for the divi in January and have also traded them recently. Almost sold when the divi was abandoned, but it never hit my stop level, which was quite fortunate. Amazingly she goes from strength to strength so can't complain. Currently 71% to the good in the SIPP. ;-))

Yippee! Just BUY BUY BUY...nothing else now.

have allowed myself to be sucked in at 405, so we'll see what happens next

cynic not a good day so far.
i think we may see a bit more of a pull back before any further rise so have sold half my holding today. good luck
regards
jkd

it's no prob ..... have done execptionally well over the last couple of weeks and in fact FTSE seems very disinclined to break back down below 3900 .... long may it stay that way!

unfortunately can't cut and paste the LME chart, but cash copper was just under $3100 pt on 1/1/09 and is now $3900, but remenber that at its height in mid 2008, price was $9000

nevertheless, this is still good news for Kaz, and perhaps strangely, also for the likes of WOS, as i think you'll find that housebuilding also uses lots of copper

Kazakhmys has been cut to sell from hold at Deutsche Bank, with target price 239p, down from 246p.

The recent rally could be dying now.

im glad i took profit on 50% of my holding.
just sitting tight now expecting to take a break even at cost on remaining 50%
may change my mind, may not,
difficult times. i am just trying to not to lose money whilst at the same time trying
to bank profits when they become available.
open, close half at profit, close remainder at cost. etc. and so it goes on.
heres what keeps me going, never give up, one day the market will turn,
open, profit, add, more profit, add etc. the break even close doesnt get hit. thats when i know market has changed.it will happen one day. in the mean time i just have to keep being in it.
regards
jkd

KAZ will go back to 230p.

thanks j
any relation to H? i like his posts.
regards
jkd

results out tomorrow, so it will be interesting to see whether today's sell-off has been overdone or inspired percipience

Stop hit today. Currently flat in KAZ.

results look pretty underwhelming to me, but don't know what was expected, especially as sp is already pretty bombed out

shares will almost certainly get whacked, though EDITDA was a bit better than forecast......

Kazakhmys posted a 25 percent fall in 2008 underlying earnings per share, lower than analyst expectations, hit by high costs and a collapse in copper prices.

London-listed Kazakhmys, the world's eighth-biggest copper producer, said 2008 underlying EPS fell to $2.27 from $3.02 the previous year.

The firm was expected to post EPS of $2.51, according the the average forecast of 11 analysts polled by Reuters Estimates.

Earnings before interest, tax, depreciation and amortisation (EDITDA) and excluding special items fell 12 percent to $2.06 billion, versus a consensus estimate of $1.81 billion, on 2 percent lower revenues of $5.15 billion.

phew! glad i got that wrong!!

Went back in this morning (not at the low, I hasten to add). Really couldn't believe the strength it showed after the results yesterday.

In fact, KAZ seems to want to rise even on "bad" news. Don't fight the market, I say. ;-))