Old School KAZ Minerals Becomes Latest Kazakh Stock Story

Old School KAZ Minerals Becomes Latest Kazakh Stock Story

Share to Linkedin A woman inspects copper sheet metal. Kazakhstan's KAZ Minerals wants to crank up copper production. ... [+] One way to do it is to go private. Minority shareholders are asking for more than what the main bidders are offering. Last year it was new school Kazakhstan. This year, it's a return to the old school. Looking for a high risk global stock to gamble on? Some over-the-counter KAZ Minerals might do the trick. This year it's KAZ Minerals, which has been the odds-on favorite for any foreign investor even daring to buy Kazakhstan stocks. Their stock is up over 119%. You can buy its over-the-counter shares on Robinhood under the ticker KZMYY. The reason for its rise: its main product line, copper, is going gangbusters in a post-pandemic move that's been helping a lot of metals. The other reason: minority shareholders are standing in the way of its two major shareholders - Forbes listed billionaire Vladimir Kim and former KAZ Minerals CEO Oleg Novachuk - who want to delist it and take it private. Minority shareholders are fine with the idea, only they want a lot more than Kim and Novachuk are currently offering. It is unclear,