Member Info for GoroMajima

They won't be able to predict unforseen problems but I'd like to understand how patterns form in 'stable' conditions.

Does anyone have there any books or information they would recommend for reading charts to better understand these patterns?

Davidspellacy,

I have come across this board for discussion about Glen, try posting something relevant rather than derogatory replies to people for having their opinion on the company.

Back to topic it looks like things are stabilising with the FTSE100. It's been a bit uneasy with banks so hopefully a corner has been turned.

Davidspellacy, why are you always negative towards people? You've literally not posted anything else other than negativity towards others. This isn't the place for it.

Onwards and upwards, I'm optimistic the final results will be strong and there will be some strong days next week. Coal production was high in the recent report and the price of it as DavidG mentions has only recently dropped. Hopeful of solid results and a dividend announcement to push this to £6. Fingers crossed

DavidSp, of course I don't expect the share price to always rise but given the current conditions of the FTSE100 and Dow I was confused as it tends to perform with the market and I like to learn what can effect it. My position is irrelevant also and you keep mentioning it. I'm here to learn and understand. Also invested long term.

Also thanks DavidGeorge, I wasn't aware the impact coal had and the fact it is currently down.

Ok David fair enough. I forgot that you make the rules. Observations and questions are not allowed unless rose tinted / positive, noted.

David this is a place of discussion. I've asked if anyone has heard any news or has some idea of what could be causing this as I want to understand more. I think that it's a fair observation to try and understand what is happening given how all markets are performing strongly. As Mono posted earlier how copper was up 1.7% as well.

I'm at a loss to understand why Glen keeps dropping. The Dow is also performing strongly and there was a sharp drop in Glen as it opened. The only thing I can think of is if the full financial results are expected to be poor ahead of next week but the production report seemed fairly encouraging.

Thanks Mono, I hope the Dow opens well today and if that has a positive impact on Glen. All things considered it's not a big drop but I'm just thinking that the FTSE may dip given it's at record highs now and would expect Glen to follow suit again etc.

Any idea on what's causing the share price to keep dropping even though the FTSE100 is doing so well?

Is Glen influenced heavily by the Dow? It seemed like something was holding Glen back all day and then the Dow opens in the red and so does Glen.

Today is a little disappointing seeing the share price drop since the morning. I would of hoped to see a push to 570p given how the FTSE 100 is at an all-time high.

So my point is it's probably in Glencores interests to sell-up. These projects need a bottomless pit of money to have any chance to succeed.

I'm always sceptical about these start-up/big budget projects. Usually an AIM company has grand plans and it gains publicity every few years while it slowly goes bust. Nice idea but like most things I'll believe it when they start building.

I think they should give it to us as a juicy dividend.

It just depends on whether they are invested or not Billy. Not invested=negative sentiment 'this will drop to 520p', when they are it's '£50 a share in 10 years' lol

Good point although as conductors aluminium is significantly inferior. I've worked for several years with high voltage/fire rated cables which get tested to various British and EU standards. The majority of testing and classification standards specificy copper conductors which get used in new build projects/homes etc under current building regulations. Aluminium is only used for sacrificial drain wires in these cases due to the vastly lower conductivity and chance of short circuiting. A bit of a ramble but I don't think copper will be replaced anytime soon and for high end use maybe never.

I'm not sure it's necessarily bad that copper production was down. It's setting up to become more scarce and the value will surely ramp up significantly given demand for copper in electric car production. If Glen maintain current production they will make higher profits going forward and potentially if the disputed mine re-opens in future they can even ramp up production.

My bad yes your right. Thank you