George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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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
Explain, I keep hearing about cost of living and no-one as got much money. But why are house prices at record highs and the F100 also?
Eviking, ok ta. So legal market manipulation...ok for us Glen holders, I guess!?
DRpatience explain
Resticting the market free flow of LME stock affect price full stop.
Eviking, are you able to explain how this works, in plain English for a dummy like me, please?
If "old" Russian aluminum is acceptable to LME, why move it out? Apart from the share of rent the traders take, who gets a benefit?
Https://www.mining.com/web/glencore-and-trafiguras-sanctions-games-are-draining-the-lme/
Https://www.mining.com/web/column-funds-buy-back-into-coppers-super-cycle-credentials/
Agree both. normal service would have seen this dipping strongly given the hoo haa going on, but pretty much less than the average daily movements so far, lets hope that sentiment sticks.
Shows there still potential in price . oil helping glencore
Steady as she goes considering political tensions not bad.
Metals up, dollar down, stocks flat, strange. :)