Kazakh joins metal billionaire ranks
The Times October 08, 2005
By Peter Klinger
VLADIMIR KIM, the Kazakh entrepreneur, joined the rapidly
expanding ranks of metal billionaires yesterday after
the stunning debut of his copper company on
the London Stock Exchange.
Spurred on by record copper prices, City investors discarded
any fears over Kazakhstan’s political risk or Mr Kim’s lack
of experience in running a public company,
to buy £661 million of Kazakhmys shares.
The institutional demand outstripped the size of Kazakhmys’s
initial public offering (IPO), triggering a scramble for
the copper miner’s shares when conditional trading started
yesterday.
*
The shares, priced at 540p each, towards the upper end
of the 460p-545p indicative range, traded as high as 615p
before closing at 561½p, valuing Kazakhmys at £2.6 billion.
EURO - has very few Gold mines -
Eurasia Gold Mines will become EURO's -
The Last Frontier - New Klondike -
Eurasia Gold Mines - producing low Gold Mines -
and many Gold, Silver and Copper Mines projects -
should be much more attractive than the prev.
copper proj.? -
The King with the GOLD -
makes the rules -
_________________________________________
The Times October 08, 2005
By Peter Klinger
VLADIMIR KIM, the Kazakh entrepreneur, joined the rapidly
expanding ranks of metal billionaires yesterday after
the stunning debut of his copper company on
the London Stock Exchange.
Spurred on by record copper prices, City investors discarded
any fears over Kazakhstan’s political risk or Mr Kim’s lack
of experience in running a public company,
to buy £661 million of Kazakhmys shares.
The institutional demand outstripped the size of Kazakhmys’s
initial public offering (IPO), triggering a scramble for
the copper miner’s shares when conditional trading started
yesterday.
*
The shares, priced at 540p each, towards the upper end
of the 460p-545p indicative range, traded as high as 615p
before closing at 561½p, valuing Kazakhmys at £2.6 billion.
EURO - has very few Gold mines -
Eurasia Gold Mines will become EURO's -
The Last Frontier - New Klondike -
Eurasia Gold Mines - producing low Gold Mines -
and many Gold, Silver and Copper Mines projects -
should be much more attractive than the prev.
copper proj.? -
The King with the GOLD -
makes the rules -
_________________________________________
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