Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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China will cut the reserve requirement ratio for banks in early February to unleash more money and help the economy:
https://twitter.com/markets/status/1750062638837518525
Good luck waiting out for a £10 buy. I really can't see it getting all the way down their.
This is going to retest 2020 lows. Will add at £10
Shorters have control now.
Recovery play 2026.
China is considering selling $139 billion of special sovereign bonds in yet another bold stimulus effort, sources say:
https://twitter.com/economics/status/1747180812397691368
This is in addition to the ¥1Trillion #infrastructure stimulus announced at end of 2023.
Tipsey, no, I'm talking about the other drop around Xmas/NY, not the massive one.
That is older news resulting in almost 20% drop
Xmas/NY drop in SP (around 7.88%) is due to company's FY 2023 update and guidance for 2024-2026. Production is expected to decline by 4% in 2024, 3% in 2025, but increase by 4% in 2026.
Https://www.marketwatch.com/data-news/anglo-american-outperforms-market-despite-losses-on-the-day-a118a6d4-2236f8461b5c
Anglo American outperforms market despite losses on the day
Oh, think I have spoken too soon. 😂😂😂
Good to see it rebounds a bit. Hope that it will go back up to over £20 soon.
Good morning and good luck to all.
Need to think globally on PGM demand.
Sure catalytic converter demand is wanning in UK car fleet going forward as we switch to EV. However global car fleet is forcasted to triple in 2050 vs where we are today and petrol-diesel vehicles will still be a significant portion of total global vehicles. So IMO PGM demand globally is going to be resilient for decades to come
I have been reflecting more on AAL. AAL is NOT interchangeable with RIO and BHP.
The latter two are greatly diversified both by product and jurisdiction, with a copper bias. AAL is southern Africa focused, and a major miner of PGM (Platinum group metals), which have taken a proper kicking (just look at what happened to the palladium price), and it is so heavily into the diamond business, that it owns DeBeers. The wholesale diamond price has fallen by about 70%, and may fall by another 70%. Read the recent Zerohedge article on that.
The two year head and shoulders pattern telegraphed in advance, this near 20% fall in AAL. This has been in the making for a looong time. The price then bounced back to 2000p, we can call that a resistance line, and I sold most of my AAL shares there (at a small %age loss I might add, but that's the head over-ruling the heart). This was a textbook retracement to resistance, and has bounced back down off it, so I think the biggest drop is yet to come.
I can't see what will turn the platinum/palladium price around, if cars are truly going all EV. Plus, diamond prices, have always been artificially manipulated UPWARDS, and I think the jig there is up. They can simply be made in a lab, at a fraction of the cost.
I don't know where the fair value for AAL should be, but I moot that any confidence to keep holding at this price ought be based in conviction in the prospects for the price of PGM and diamonds (which I don't have). You need to know why you think it is undervalued, if you sit tight or buy more. I'm open to well informed arguments.
GLTA.
Copper, gold , iron ore all up on positive China demand
Added.
Looking at FTSE 100 top fallers of today the first three are all mining stocks, so not a AAL specific issue or news causing the drop.
Just an opportunity as I see it to acquire, managed to get some below £19. Great recovery potential IMO and useful divi to boot
There is so much movement in price bit there is nothing in any news about the drop
Anyone knows??
Anyone knows why the drop today
A bit disappointed to see the SP starting the new year so poorly. I thought it would be well over the £20 mark by now. Oh well, it's only just the first trading of the year. Let's hope that better time is ahead of us.
Happy New Year to all and good luck!
Iron Ore Advances After Xi’s Pledge to Strengthen China Economy:
https://twitter.com/markets/status/1742167100917969372
Xi promised in a televised message to the nation Sunday to “consolidate and strengthen the momentum of economic recovery, and work to achieve steady and long-term economic development.”
Beijing is expected to target growth goal of around 5% in 2024
GLEN without or after takeover/merger ?
THE OBV is GLENCORE
Anyone any idea who partner might be ?
My mistake. Dividend yield is 4.3% going forward.
Looking to the balance sheet, i read net debt was rising but still only equates to a fraction of cash profits.
That also supports a payout policy of 40% of profits.
But recently revised guidance means the 4.3% forward dividend yield may come under a little pressure. As ever no payouts to shareholders can be guaranteed.
Though if you want direction. I’d wait until Buffett spreads his $152bn worth of eggs before making a new position here.
There could be a jiggle, there could be a wiggle, or there could be a market correction.
HOLD is my plan
Can anyone see M&A here? This is dirt cheap.
What I will investors about is impending dividend cut.
Analysts for RIO & BHP have them looking at a small cut to there’s, so I believe there will be a BIG CUT here.
It’s currently sitting at 6.45% on this yrs payout at 2000p.
I do know the companies dividend policy is based on paying out 40%, abd even went a step further to say it might beef up the dividend after some disposals !
What are peoples views on the sustainability of divi ?
I hold RIO, BHP along with BP, SHEL, CVX, XOM, OXY in commodities