PKZ down on Kazakh govt right of first refusal news. Actually, this is just a formality, but it should not impact the sale amount, only the bidders' aggressiveness, knowing that the Kazakh govt may buy at a price any company offers. It looks like they should fetch at least $40 on the market eventually when the bids get made public, but there may not be as many bidders as otherwise might be expected.
Paul Litman: "Avoid panic selling & avoid overconfident buying."
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