Member Info for billybigwig

Hmmm dropped again on feck all

Ken.it's been a strange year thats for sure ...I reckon glencore will pay 20p divi next year or 27 cents as it is copper os set to go up over next two years as well

But ive traded glencore all over the show so to be honest I don't really know if that average is correct I only know that compared to june this year my profits have taken a big feckin hit

But I sold a chunk which if I add to the divi I got last year my shares are free but my trades in the 3.50s and 3.20s gives me an over all average of 38 pence ffs!!

Without my main holding in glencore was bought at an average of 95pence but with some feck ups at 1.35 and 1.25 trading feckun. ..greedy... my average is more like £1

On the plus side yanks look positive for this afternoon; -)

Withoutt yeah I read that too

Things are not looking good for glencore with subpoena from USA ..trade wars and cobalt price dropped low copper price feckin hell it looks bleak :-( even I'm beginning to think feck it and sell ..I can't keep thinking positive when all the signs are there for a dodgy time

Coal India now ranks third amongst the coal producing countries in the world. Being the most abundant fossil fuel in India till date, it continues to be one of the most important sources for meeting the domestic energy needs. It accounts for 55% of the country’s total energy supplies. Through sustained increase in investment, production of coal increased from about 70 MT (million tonnes) Most of the coal production in India comes from open pit mines contributing to over 81% of the total production while underground mining accounts for rest of the national output Despite this increase in production, the existing demand exceeds the supply. India currently faces coal shortage of 23.96 MT. This shortage is likely to be met through imports mainly by steel, power, and cement sector India exports insignificant quantity of coal to the neighbouring countries. The traditional buyers of Indian coal are Bangladesh, Bhutan, and Nepal. The development of core infrastructure sectors like power, steel, and cement are dependent on coal. About 75% of the coal in the country is consumed in the power sector

China coal power building boom sparks climate warning By Matt McGrath Environment correspondent 26 September 2018 Science & Environment coal fired plant china Building work has restarted at hundreds of Chinese coal-fired power stations, according to an analysis of satellite imagery. The research, carried out by green campaigners CoalSwarm , suggests that 259 gigawatts of new capacity are under development in China. The authors say this is the same capacity to produce electricity as the entire US coal fleet. The study says government attempts to cancel many plants have failed. According to this study, there was a surge in new coal projects approved at provincial level in China between 2014 and 2016. This happened because of a decentralisation programme that shifted authority over coal plant construction approvals to local authorities. The report says that at present China has 993 gigawatts of coal power capacity, but the approved new plants would increase this by 25%.

While China has canceled some coal-fired capacity due to lack of demand growth, China still plans to increase its coal-fired power plants to almost 1,100 gigawatts, which is over three times the coal-fired capacity of the United States.6 Apr 2018

Over all, 1,600 coal plants are planned or under construction in 62 countries, according to Urgewald's tally, which uses data from the Global Coal Plant Tracker portal. The new plants would expand the world's coal-fired power capacity by 43 percent

Pete yep took stops off ...a lesson for you pete never take stops off ...got all caught up in tbe divi payments

Cobalt is a small percentage for glencore it's funny how afyer a rise news comes out

Pete coal is set to make glencore crazy rich ..https://www.iol.co.za/business-report/companies/glencore-is-going-to-get-crazy-rich-on-coal-next-year-17729757

Cobalt isn't big for glencore it used to be a byproduct that no fecker used or wanted how tbe feck have china got so much of it so quickly? Glencore hasn't even started to make any money from cobalt and it's nipped in the bud just like that when electric car manufacturers have gone into overdrive to produce cars

Hahaha yeah what ham aye finking

No well into January :-)

More upside yet for the markets

Hold off pete patience :')