Member Info for crl123

well..that proved me wrong again didn't it !! Iran.

It’s uncertainty. The long-term implications are bullish for oil.

oil drops through uncertainty. but long-term it's a n oil price boost.

I thought that was a medical condition. :-) Trump calling one hour early it seems. I boight at 4:28. Will prob drop tomorrow now :-( Must be your broker. Mine was H/L Btw I think Trump will support the accord with compromises. Oil price seems to suggest it.

Early Trump card at 6:00. Oil taking a pounding.

for the dates. That helps.

I don’t feel they would willingly permit it. It is a statutory requirement for stocks listed on the London Stock Exchange. Of course Congo would resist it. Ultimately if it comes to the closing of the mines I feel DRC would come off far worse than Glen. This is brinkmanship. Games to make money. It’s like the dance of poilitics but purely financial in motivation.

Looks likely to stick 3:57-3:62 algo-control withput news. ( IMO)

Correct me of wrong anypne. DRC claiming juristiction. Glen claiming English law. This has to be resolved -in court I assume-first. Gertner may spin it out or compromise. He is au fé with Congollese law and practices as chummy with President and been in tgere 20 yrs plus. I feel the outcome is likely to favour English law by far but it may be a while. Seems all bery vague atm. If anyone knows more please inform.

Up

screw PC . Say what u mean. Probably too big for a financial chatboard though. Wish it was a simple as you say though . It isn’t. Back to Glen.

But the Shah was no angel. And even though I agree that Iran should never have nuclear weapons-I feel Israel would already be pre-emptive anyway(!)-there are ways and means of defanging the snake( Iran). The trouble is that the IAEA and others do not have full information ( especially regarding links with N. Korea). I am talking tip of iceberg stuff. Bio-chem weapons are as much a threat now as nuclear tbh. Sorry....very heavy conversation. Too big. It’s like 1962 ( Cuba) over again but far more complex. Gonna be interesting week.

Was a bit 2 faced. Said he supported the deal but not in its present form. Was kowtowing a bit to Mr T without committing.Yes maybe it was a last attempt? Trump is so so unpredictable that he genuinely could just dumpmit. He scrapped Obama’s Arctil drilling ban in one go! But at least he has the guts to stand up to Putin. Credit only there. Re. temporary pullback...supply defecit predicted for June. That too has been driving prices up in the background. That is far more influential to be honest. First defecit for 6 yrs if it comes about and it coukd rock the oil market.

Oil not reacted well so far. Hovering below70. Whether that reflects the market’s expectation? I would think there will be some who are in the know. Maybe

Will be sitting on a razor blade at 8.00 though. No idea at all which direction Glen will take as usual.

My penny’s worth. Mr. T has said it is a decision has he?? What a hard call!! If he decides to call it off then that means new sanctions and oil leaps. If he is willing to compromise as Macron and Merkel et al have been pushing then oil will sag a $ or two at least initially maybe. He is such a loose cannon that either are possible. He has been so violently anti the agreement for years that I’m not sure how he could backtrack now (?). Tbh if it’s is a “ decision” then I can see why Daytradenovice thinks he’ll go the hog. I am pretty knocked back that is sounds so cut and dried though. I’m not a regular here on this chatboard but the whole of the rest of my investments are in oil.All of it is in an AIM stock ( Trin). I’m sitting on the fence on this one.

My monile puts me as this . My PC on non-mobile puts me as another persona. Same person. Same situation. I should log out of PC really.Not helpful to others-especially if I .self-congratulate! . I don’t post much and have only just entered this boatd. In spite of being in Glen since whenever. I buy in/out. as I said. Ignore or filter me as one wishes if annoyances or disagreements. I just aim to financially benefit short/med or long term. I do hold a lot nevertheless. My opinion ( to be ignored if wished) is that Rio is too big to buy out. Since Mr. G put so much of his own money into the refinancing then an s/p rise or a lovely buyback might be more attractive.Glen did not do so great with Xstrata originally if I remember correctly. Rio is a behemoth. Regardless of what I think ( which may /may not be right) I am still interested in informed opinions. Glen is awaiting DRC decisions which may be some time ( something happening Tuesday?).Hence I expect volatility. I knew nothing of 10 bill free cash-fliw and have nil idea what Glen likely to do.

That may be their ultimate aim. I don’t think they will be able to scrap the deal. They may want significanyadjustments in order not to veto iit. It’s how politics works.Threat then compromise ( ergo N. Korea)

That’s why. We could see a dip if agreement reached then. Brinkmanship.Could go either way.

Yes. Supply / demand fears may be biting.