Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Https://finance.yahoo.com/news/glencore-sees-yet-another-strong-062033856.html
I am not one of the largest shareholders, so they did not ask my opinion :) , but I am easy on this matter. If woke still rules, then the split companies can do better separately, and I will hold both, but I would prefer one conglomerate.
Several of Glencore Plc’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt.
Glencore, the world’s largest shipper of thermal coal with a market capitalization of about $73 billion, had said it intended to spin the business off within two years of closing a deal to buy the steelmaking coal assets of Teck Resources Ltd.
But major Glencore shareholders believe that the company would be better off retaining its coal business, the people said, asking not to be identified because the information is private. The company’s largest shareholders are former Chief Executive Officer Ivan Glasenberg, the Qatar Investment Authority, and BlackRock Inc.
Glencore’s coal business is one of its most profitable units, driving record returns in recent years, and the plan to exit coal and list a new company in New York represented a major strategic pivot under current boss Gary Nagle. The company had long resisted pressure to follow rivals in exiting the business, arguing that the world still needed the dirtiest fuel and that it was more responsible to run the mines itself than sell them.
Ftse needs a rocket under it lads.
Us markets like Dodge Charger
UK like a Ford Pop
S,j, In the last 12months the ftse has risen by 4.5% (383) points
The Nasdaq has risen 30.90 % ( 3,773) points .
S,j, The FTSE should be be up in the 1200s to be compared anything like the Nasdaq,:)
I agree Glencore share price, feels like its controlled for the purpose of trading like a commodity, guess this is what Glencores all about.
The Ftse year to date, Is higher % gain than the Nàsdàq 100, S&P, BSE India, China 300 China. Reported in a article this morning on AJ BELL at 9.57AM 2 hours ago. Click on & have a read, no need to log in or have account. ?
Scott agree london market dead full stop
The new way is listing in us. I see great returns in the future.
Just comparing Glencoe with ANTO Over the last 6 months, Glencoe plus + 4.5% .Anto plus 65.5 % .what's going on Glencoe. .?
Https://www.mining.com/web/glencore-bought-aluminum-from-rusal-worth-1-06bn-in-2023/
Copper .....https://www.youtube.com/watch?v=MV9_8K494rY
Dread Glendas production reports, almost all production outputs tend to decline with each one, does it time after time. Fingers crossed for a reversal in trend with the next one.
Thanks Jan
30/04/2024 ……..Glencore First Quarter Production Report 2024
When report
S.J.W, I believe we get an update on trading division relating to guidance targets, i.e upper or lower end of guidance range, but no numbers.
Production numbers tend to disappoint as they are tempered with words such as, strike,floods, power cuts, etc....but the recent metals surge will lift the EPS and share price. NEWMONT (gold miner) share price rose 12% yesterday on a quarterly jump in EPS, after the 3 x previous negative EPS quarterly results. Shame I sold mine a few weeks ago when gold peaked, but copper is still rising.....plenty to look forward to here, EVR update, rising metal prices and they may even look at a special dividend if metal prices stay at these elevated levels.
30th Looking forwards to this,, does anyone know if we get a update, on the Commods Trading division, at the same time ?
BHP are making the offer on the condition AA get rid of their platinum interests 1st,not an easy disposal since the business is loss making & platinum is at record lows.
About 2 years ago, there was more than a whisper of BHP making an approach on GLEN.
NEWMONT completed the NEWCREST takeover a whiles back, all the M& A activity certainly tells us that it's the sector to be in for the next bull run in metals.
The offers been confirmed.
Will this M& A talk mergers between these 2, fire up stocks in our sector ?
Everything SHOULD be at record highs, that is what inflation means. Exaggerated by terrible government creating sterling drop.
Record high F100 ? Weak sterling