Member Info for Daytradenovice

Quizzing is fine im sure.
Calling somebody outright 'a liar' or 'stupid' on nothing at all is a bit rich id have thought myself.

Yet another sell at a high price Mary - you do always seem from your posts to hit the tops of shares or is it just my imagination?

Likng the sound of that Notmyjob

Just look what happened when TGA was spun out of, i think Anglo.
Lovely

That is indeed a good point and a risk Wolf, but as Living quite rightly says, there are no ways to expand quickly and take advantage of the shortage situation and add to the bottom line straight away, without paying current prices by purchasing an already operating asset.
Mining is a longterm business, the BOD need to start looking for 'now' aquisitions to add the resource in the ground and hence growth of the company.

None of the Analysts know anything Billy, fingers in the air cr@p, which is why the first four letters are in the name for them. Take no notice of theirs garbage imv.

Now my take on the presentation. I wasnt pleased at all with some comments. Heard each speaker going on and on about "shortage this shortage that", especially copper. Then they put up their production expectations (which they never seem to hit each time anyway) and they were FLAT projections till 2025.

Now that is not what i want to hear. I realise if a "shortage" occurs, unit selling rates will increase for no more capital expenditure than now to extract, so more money in the till for business as is currently. BUT i want to see increasing production, not an admission from BOD that there will be stagnation and no expansion of our outputs - maybe spend the huge income expanding into those fields they clearly state will be in shortage and actually grow the business?

Mining is cyclical and long term, need to expand and grow the company whilst cash a plenty for the next boom period because sure as eggs are eggs there will be a dip in the middle period.

Easy question to ask as an investor is. If you knew widgets were going to be worth a £10 tomorrow, but you could buy a boxfull to sell on today for £5. Wouldnt you buy as many as you could ready?

I am also not keen (from an investors point of view) on the large amount of time given to ESg issues and selling down the coal mines. Seems they cant wait to dump those and are sprinting ahead with disposal/closure.
They are our biggest earners - they should be milking the carp out of those for as long as they can imv. Not to do so is against investors best interests, which they should be upholding.

Market not seeming to like what they are saying currently.

Me too, always good to be a tad cynical in this game, those company BODs are well practised in the art of double talk.
Programme today then. 1.30pm on the slideshow. 2pm on the invester call.
Good luck all.

Debts good billy is expanding sometimes, far better to use somebody elses money to do it providing you can service the costs from profits. Glens making a lot of profits, is it wanted to go down that road.
Personally, i prefer to owe nobody, but you know those accountant types, they enjoy juggling more than a circus full of clowns.
Cant see the $28b having anything to do with debt. Sure you'll remember not so long back they were targetting debt reduction, have done for a few years now, and the last figure i recall was circa $15b - so given all the mega earnings of late, im comfy that the $2.3b stated is the true figure.

The net debt is, as rns says, $2.3b. Whixh is why they state that they can make "top up returns" (and did so with the last payout) as debt is below the $10b level they set themselves as a targetted cap. Whatever the net funding $28b is beyond me.
But they wouldnt be able to state "net debt" at $2.3b in an RNS if it wasnt true.
Some bright spark from a big II holder would be all over them like a rash in a reception centre if they misled.

"- Despite the working capital build, significant cash was generated during the half, which reduced Net funding and Net DEBT to $28.0 billion and $2.3 billion respectively from prior period levels of $30.8 billion and $6.0 billion.

- Period-end Net DEBT of $2.3 billion allows for "top-up" returns under our shareholder returns framework, where Net debt is managed around a $10 billion cap, with sustainable deleveraging below the cap periodically returned to shareholders"

Rns August 2022

David
There are no 'whispers' that i see doing the rounds. Personally, im always warey of Glendas updates, particularly production numbers, whixh usually come in lower each time in general.
I think this time around though people are more interested in obtaining a 'steer' for what Glens plans are to spend all the cash they are making on, as no debt as such left to pay down anymore, and how many buybacks can they realistically want to do.
Its my view that the boyancy in the sp of late has been inflated with the idea that a payout, divi increase special or enhanced buyback to holders may be on the cards - id like to think so, but you never can tell.
One things for sure though leaving all that cash in the bank isnt a good plan.
Not long to find out though either way, so good luck to all holders.

No complaints with our Glenda.
Update call tomorrow, set those alarms

"Why copy part of a post from one thread to another, why not reply on the same thread, something you don't want people to see?

You really are a conniving, nasty individual aren't you?

Nobody on this board or anywhere else ATM seems interested in your petty little battles but you do keep trying don't you

Genuinely pitiful"

What are you prattling on about now?
"something you dont want people to see" - What on earth are you talking about, what is 'hidden' from people ? ? ?
I think you see the whole world as some sort of conspiracy stacked against you, which is just ridiculus.
Get some help.
MY POSTS ARE OPINIONS.
Yours are abusive personal argumentative rude and unacceptable.
Get a life you fool.

"Not logically consistent either since tradey said again and again the shorts don't know anything more than anyone else. Why then would he champion a substantial reduction in the short position? "

Spot on

Kheldar
Your Amazon example is quite a good one, very similar to the opinions of some here, and the errors of a few, in that surely it would have been better to sell out at your $4.70 and then buyback in at your $0.36, or as near as damit possible (accepting that nobody can time the bottoms and tops perfectly)

Holding ANY share that goes from £4 or $4 down to 31p or $0.36 is quite plainly a stupid thing to do.
Now new entrants at the lower prices is a different matter.

a massive hole in the decking?
Sounds like a description of your investment strategy of holding his down from the 400's.

Amazingly inconsistent isnt he jongle, quite the charade.
Expects people to post up their 'sells', moaning like f when they dont, then doesnt do the same himself with ANY of his sells and only a few BUYS when he paid a lot more than the sp. unbelivable hypocrite, just full of garbage and still underwater, hence the daily rampfest and rusk chucking.
Maybe 8m waiting for the "dividends" too lol lol

"cess pots" Whats one of those tradey? Must be an Ilkley thing.

Presume your so confident this is "off to the moon" that you've been pausing for breath between all your prattling posts and 'topping up' with the remnants of your wallet then?

I can see all of your transparent posts mentioning all those buys on here at such a bargain price . . . . oh, no, wait a second. There are NONE. Now why is that, a few reasons maybe.

1. Zero confidence in reality just bluster and arguments.
2. No bottle to post actual figures as it ties your constant arguments up.
3. No cash left in the wallet due to capital losses here
4. Two busy "researching" all your other shares you dont post on to find the time.
5. That good old "5% maximum" holding policy.
6. Your actually short here.

Or the obvious 7th

Just asking for transparancy you understand, dont be shy.
Flags on the mast and all that.

https://www.bbc.co.uk/news/world-europe-63843893

Not so sure of that Lodan.
This is hardly back to the 400's when those alarm bells first started to ring is it.
Best not to count any chickens as far as Boo is concerned, this was headed for the moon remember.. . . . .