Member Info for LivintheDream

As a LTH, but only occasional poster, can someone enlighten me why has the sp been held in a very tight range since 6th april? very strange...
Just reading through some recent posts on possible future T/O outcomes here with GLEN.
As a Glen s/h, they don't build mines, they prefer to buy fully operational mines (as per TECK offer).
My guess is A1 and A2 will need to become fully operational before Glen make their offer for Araguia only. This will allow HZM to fund the Vermhalo build, with GLEN requesting a take off agreement as per araguia.

With the low global copper inventories, it is only a matter of time until the copper price starts to recover.
I am now hoping the sp remains low for when the divi is paid.

Defo..Round 1 to GLEN with TECK on the ropes

Finally blown the doors off the £5 barrier....

The Teck BOD will be angry at this stunt.
A blatant attempt to cause friction between SH's and the BOD. I am generally warming to the idea of the merger, BUT not at any cost to GLEN SH's.
No guidance from Glen BOD to SH's as to how this would be funded....presumably selling the shares held in the treasury and maxing out the $16B credit facility with debt.
Interestingly the TECK BOD are open to offers after the company split, so why not now, and why not GLEN!

They could also pick up RMM and their large Ming mine, RMM shares are suspended after serious mis-management, it's a large operational copper mine that needs investment and upgrading.
With high inflation and interest rates, there are plenty of junior miners with good assets that are ripe for buying out, but Glen will certainly prefer an operational mine than developing one from scratch.

DTN, with your preference for Glen go into shipping, would you be hoping for some share holder discount on the shipping costs on any of Mrs DTN's shopping.....

It does seem that all the big miners are trying to close out big M & A's, to grab a larger share of the battery metal market, before the expected surge in prices. BHP bought OZ miner, Rio bought the remaining part of the monster copper mine in Mongolia, so Glen are probably thinking, we could miss out here, hence the low ball offer for Teck. Hopefully these M&A's are a precursor for rampant battery metal prices, if we don't Land Teck, then Glen should get the shovel in ground at the El Pachon copper mine in Argentina...

This was a story in the Times about 12 months ago, just after they offloaded their columbian coal operations to Glen.
As mining stock prices are already low, i am hoping they remain low for the next 2 months while divi payments start coming through, just a shame the pound is strengthening against the dollar.

DTN, good call that on the shipping line, it would certainly compliment the other 2 x operations of the company. Just hope they don't go chasing TECK and get their pants pulled down on a expensive buyout.
At the investors meeting last year, Glen listed a number of brownfield site mines for future development (El Pachon copper mine in argentina is big), but will be expensive based on recent inflation costs. Wait and see now if they make another bid.

After 6 years holding here, I sold out 12 months ago after realising I could not see any tangible, meaningful progress in creating shareholder value as per Tom's reports. I look in occasionally to see if anything has changed, but see it has become worse. I became concerned when Technical Director Colin Percival left the company (we were told retired), but then set up Athena Exploration a few weeks later, and as it was Colin (the lead geologist at DANA) who was prominent in the OMFSIG-1st subsea project to bring all the UKCS stranded assets together, including GPA. For this had huge potential for PMG, Unfortunately, this project (and GPA) appear to have ground to a halt. Now, PMG's ambitions seem to buying 3 x windmills, bailing out his wifes farm and sponsoring the scottish cricket team (money wasted on these would've handy for drilling costs on skerryvore).....if oil and gas were gushing out of the ground, all these negative points would be forgotten, but it isn't and so the frustration continues for shareholders.

DTN, I wonder if the large drop today was because of credit Suisse and Glen are swiss companies?
The irony here is that few years ago, Glen loaned money from a bank to put a hole in the ground, and now Glen could loan the banks money to get them out of the hole in the ground.....I see copper and the dow are recovering now....

I sold some defensive stocks and bought 2k more today in 4 tranches in the afternoon and still missed the bottom.
Copper/coal down 3%, Glen down 11%....
And the uk may not even enter a recession, I work in heavy industry manufacturing and we have more orders than we can cope with...hopefully people may realise that the world will carry on turning without SV bank and calmness will be restored, but in the meantime...fill yer boots...

I plan to hold until the green revolution is realised, whenever that is!!! Including the 0.44c divi payments this year, I will have recieved nearly 40% of my investment in 3 years of divi payments from Glen.
Although I am surprised by the size of drop in the price of copper, it will only cause the copper price to eventually spike higher as investment decisions on new mines will be sanctioned later rather than sooner, causing a tight supply.
The high coal price was never going to last and so it's all about the future and green metals...and Glen is well positioned.
I am also a holder of Rio and AAL and noticed in their reports last week their dividends have been cut by nearly 50% and their debt is increasing (AAL is $6b) whilst Glen has $0.1b of debt.

Drury, you could right, this government has more reverse gears than a russian tank!!

I personally hope they don't pay a dividend until the debt is significantly reduced. I don't see the point of a tiny dividend when rebuilding of the balance sheet should be the priority.
Hoping for a positive update on the SMR's.

I read an article recently that car Battery metals are falling due to an unexpected surplus supply from a lower than expected take up of electric vehicles, and taking all associated miners down with it, cobalt down 8% today.
Also as lost sanity has stated, profits/dividends are forecast to be lower next year, which has also held the sp down.
The EV revolution is stalling, but from 2030 you can't buy an IC engine car in the uk/europe, so maybe from 2028, car manufacturers will cease building IC engine cars as they won't be able to sell them. This will just cause a massive spike in battery metal prices as the demand will surge in a few years time. The dividends are paying me to be patient.

Net debt now, $0.1billion, small change, probably just to keep the credit facility open.
Suprised, but pleased that the value of the buyback programme is much lower than the dividend returns.
Just need copper prices to rise to sustain the current level of shareholder returns.

David G, $5b/12.5b shares gives 40 cents per share dividend. Be interesting to see if the copper and coal prices rise when chinese new year is over, and china gets back to the factories. I remember an infrequent poster on this board stated last year that copper prices can drop off during the chinese new year, and it seemed to be right then, and again now.....

Ade, I can't see Glen going below £4 in normal trading conditions unless china invade Taiwan. This would leave the world with a lot of copper and with the biggest consumer out of game.
I must admit, I am concerned with the elevated tension in the south china sea with Taiwan, for me, it is the only black swan on the horizon.