Member Info for billybigwig

Retired copper..sorry I've tried i only seem to get access to in the first 24 hours for some reason I dhould of copied and pasted the whole article

Shell has gone big on gas too

The agreement was first announced in December 2019.

Glencore said the agreement involved the company taking over a number of LNG contracts, including the Gate capacity which is due to run to 2031.

The transaction also involves a payment from Orsted to Glencore.

"We are increasingly focusing on the LNG business as a key part of our oil division strategy and the Orsted transaction represents an important milestone," Alex Sanna, head of Glencore oil marketing, said.

"We see good opportunities in the market place and we are excited to continue to grow our LNG marketing portfolio," Sanna said.

At the time of the deal, Orsted said its LNG business consists of the Gate capacity "and five LNG purchase agreements."

Glencore did well on oil too early last year

Re shut down of mines it cost too much to mine compared to the price of copper ..in reality DRC government had a big impact Copper is flying high now so how can a copper mine be mothballed? Its all about the democratic Republic of congo getting offers of China they are muscling in to protect their interests hence the massive investment in roads and infrastructure in Africa..in return for what?? Rights to mines

Take a good look around at the house building thays going on and the use of copper for wiring and charging stations for EVs ...now add worldwide stimulus infrastructure and so on

A realistic price for glencore going off the price of copper should be £4 that's where it was at in 2011 and 2018 so yes its got a good way to go now throwing in cobalt which was a bi product and the fact debtvis coming down with glencore i can see a return to £4 soon and above as EVs take off more and more

Re SFO I can't see that coming to much itll be a slap on the wrist I think this SFO and other countries has been over played driving the SP unrealistically down

Troajan yeah I remember that lucky I was making a good living in the 90s so I absorbed it with out any financial distress I paid my mortgage off early too i had a 54k mortgage back in the day

New younger management now and better brighter ideas in a new green world ivan was stuck in the past it can give you a blinkered view

Yeah glencore is way undervalued and has been over punished SP wise ..plus bag your self a few good dividends while you wait

John im none biased on reading papers we read and make up out own minds ;-) A Danish bank previously offered a minus 0.5 per cent mortgage in 2019, meaning that the customer's debt pile dropped by itself every month - although there were other fees and charges which meant the bank still made money.

https://www.dailymail.co.uk/news/article-9118563/Danish-borrowers-offered-FREE-mortgages.html

John....no how does the bank make any money ? Or is the government subsidising the banks?to get their economy going ?

Troajan watch holiday companies in the next 12 months when/if this virus gets under control they should do very well airline's too RYA should shoot above €20 O'Leary won't have much competition

Troajan id absolutely hate to take a mortgage out in this day and age house prices are ridiculous these days

Troajan how may times does she say erm? Or as the yanks say it arrm...erm well recovery or rebound housecprices are flying builders are busy ..retail is the biggest loser ask amazon they are really struggling ;-) once a grip is on this virus maybe not this year but the travel industry those who survive will boom

In that case fast forward to Monday :-)))

Hang tight... Julia Bradshaw
12 JANUARY 2021 • 4:00 PM
GlaxoSmithKline is set to make billions of pounds from new vaccines and medicines over the next five years as it prepares to spin off its consumer health business,

Coppers zipping up again £2.80 plus looks more likely ....if it breaks the £2.80s properly then £3.20s is the next target for me