Member Info for billybigwig

Yeah I read that about the dividend it was in Bloomberg

American banks downgrade by moodies

Troajan..I learned the hard way myself with AIM . many years ago that never again

Troajan.. :-))) anything that preserve wealth

Aint this kick in the crotch region .......Glencore slumped as much as 4% in London on Tuesday after it reported a sharp fall in first-half profit and cut returns to its shareholders.

The Switzerland-based mining firm blamed a decline in the price of coal, which has plunged 69% since September last year, as well as disappointing growth in China. It is now seeking to increase the supply of key materials, such as copper, cobalt, and nickel.

First-half core earnings came in at $9.4bn (£7.4bn), half the record number it posted last year when Russia's invasion of Ukraine sent energy prices soaring. It was also 15% below analyst consensus.

Troajan..cash is king for now ..and glencores results are disappointing. We should be used to it by now :-)))))

Troajan add to that inflation hasn't finished yet . Ukraine remotely torpedoing Russian oil ships and opec and Russia cutting its oil production $100 a barrel anybody? Its coming PATIENCE ! everone

Glencore has always done well with its trading devision even in a pandemic they got oil practically for free and stored it in huge tanker ships at sea an absolute brilliant move then sold it a whopping profit

Scoop...dam right ;-)))

Troajan .. I hope not ...China is enjoying its wealth there's a lot of rich people in China who are enjoying their wealth

Troajan..great links them ...especially about oil refinery that's a good bit of knowledge

Troajan .. to be fair China isn't the monster that's portrayed by the west they build infrastructure give a fair deal too

Eviking..because Europe is as woke as fook mate they can come over here claim benefits and ten are free to call when country and white people

Troajan..macron won't like having his nose pushed out either like he's said he will send troops in to protect France interest . Thing is the CIA topple dictatorships and put in puppet governments plus there's oil at stake too yanks won't like rare metals being controlled by China..it impacts on national security and we all know how that'll end ..look how gaddafi ended up now that country is in civil war and has been for over 10 years

Troajan , Switzerland part of Europe and it wouldn't take much for glencore to be kicked out if you get what I'm saying...but also glencore is in bed with China and Russia too ..so I'm not too worried yet

Troajan. I think things are a little bit different still as corrupt bit now in bed with Russia and China and ti add insult to injury China is now limiting selling those rare metals .but glencore has many fingers in many pie but another fly in the ointment is Africa seems to hate anything European

Africa is going to be the thorn in Glencore's side democratic Republic of Congo for one has Africa Unites and has gone with brics Russia and China are cornering the markets for rare metals yanks will be fooked without their chips for their war mashine France gets a massive chunk of uranium and Gold from Africa too they'll ve fooked being highly dependent on nuclear ..I wonder how Glencore will fair in these conditions..amy thought? With glencore being everything that the new United Africa now hates EUROPE UK and AMERICA

fitch ratings downgraded its us debt rating on tuesday from the highest aaa rating to aa+, citing “a steady deterioration in standards of governance.” wall street p****d the impact of the downgrade, with the three major indexes all down by mid-morning

Re markets ..interest rate hike Friday is weighing in on markets slowing China may need to throw stimulus I to their economy

Troajan. Dam! Rio profits down due to slow down in commodities knock on effect coming