Member Info for LivintheDream

chinese new year over and the commodity prices are rallying - with the numbers out tomorrow, we shouldn't see any profit taking towards the close as per what normally happens....a decent divi announcement tomorrow will lift this clear and hold above £3....

I suspect those in the know sold out on thursday and bought back in friday, and then held them...in the belief all will come good eventually.....i hope a placing will be offered to the chinese to get us through this next difficult period to create an auction further down the line, if not...bhp may offer a JV on unfavourable terms...i just that Bhp and Ncm are not pulling the strings here....having got over the initial disappointment of yesterday....the delay is probably for the best....just makes the bod look incompetent.....

Been here for a few years but never posted..is this a chance for a placing to be given to the chinese to add to their current holding, and create an auction further down the line.....

aren't the reduced production figures due to covid affected plant operations....so for me, no surprise....and this is global, not just Glen. All mining plant operation in Africa and south America were seriously hit, which has reduced output from those regions. China has recovered quickly from covid and it is the demand from them pushing up the relevant commodity prices higher....I am still expecting the dividend to be reinstated this year but probably at a lower yield to start with than previous years, and only if the debt is below $16 billion

Do we think the persistent seller is nearly out????.some big sells over the last few months...especially during the recent rise.....not many shares in circulation here, this'll move up quickly on any news.....just intrigued who the seller was....with only a single ii on board, must have been a pi with a large holding desperate for the cash...roll on next update!!!

With the dow flying, disappointing to see all miners down today, i am guessing that due to lower covid infection rates, investors are trading mining and commodity stocks for hospitality stocks to catch a rise on the potential for travel, pubs, hotels, etc. All big risers today were IAG, Whitbread, Intercontinental hotels, etc... .fundamentals are still strong here and with other miners....debt reduction, reinsated dividend and closure on the investigations will get this to £4+ ....looking foward to good finnancials later this month. .

Dalius, on the 2020 annual investor update on the glencore website, slide 42 - distributions , details distributions/dividends to be paid in may and october based on the previous year performance, with special distributions to be paid depending on overall balance sheet and forward projections. Last years dividend was suspended, and then cancelled on ex dividend day, the day before that, the sp rose 10% in a single day believing that the dividend would be paid...it was cancelled and the sp tanked...with industrial metals and more recently coal trading at premium prices....can't think why they won't pay a decent dividend

Monte,
The investigations may drag on for a while yet, see the link from the FT, https://www.ft.com/content/fe10c954-5ee7-11ea-b0ab-339c2307bcd4
I think most of the big miners get caught up in these investigations.e.g. Rio Tinto are also under investigation from the SFO, but it never seems publicised.
The payment for the sale of the zambia copper mine will also take a while, as the zambian government will fund the purchase through investors, probably chinese, but Glencore will continue to recieve offtake agreements until the debt to glencore is cleared....the chinese seem to be investing in industrial metals to control the EV revolution....i see your posts on Solg, and i'm invested there too, could do with the chinese will offering a jv in solg to raise the SP

The development of the GPA is not entirely within the direct control of PMG, as it is within the Outer Moray Firth Special Intrest Group (of which PMG is a member along with equinor, cnooc, ping and several other E & P companies). The project is called Maximum Enconomic Recovery and is a colossal phased project which is looking to combine 95 stranded fields (with a contingent resource of 1.17MMboe, with a focus on sour and heavy oil, and then small pools). The project is in the second phase and further details are on the following link https://www.geoexpro.com/articles/2019/06/maximizing-economic-recovery-in-the-outer-moray-firth
From about halfway down the link is where the clarity comes in understanding the size of the task at hand, and amount of work already invested by the companies mentioned and the OGA. The project was set up by the OGA sweep up all stranded fields within the OMF area but controlled by a consultancy 1stsubsurface (probably as PMG and cnooc couldn't agree on the scott platform) - according to Tom, the chosen route for this project will be decided in 2021...here's hoping for further news this year..
No doubt the covid crisis has slowed down the project development...but I'm sure this will happen....

The recent SP rally has lifted GLEN to 16th in the FT100, one place behind AAL. A similar rise this week, and we'll overtake take them....Vodafone, Relx and the Pru will be next up and are not too far away in mcap....could well be in the top ten in the next few months...and if billys £10 prediction comes true...could be No 1.......this time next next rodders....

I see that few posters here have done well in SNG, and congrats to them....i had SNG on my watchlist when it was approx 5p and never invested (grrrrr). I only added to the watchlist because a former investment banker called Richard Griffiths was invested there and I have done very well when i was invested in the same companies as him ELA and HZM, with both companies mulitbagging quickly and ELA being takenover. He also invested JOG before it ....guess what multibagged....and now he bought a 5% stake in another promising pharma RENE...i ve been a small holder in RENE for a while now and considered them a better bet than SNG (howl!!!!!).....anyway they have 2 x drug treatments going through towards stage 3 trials... i follow this BB every day as GLEN is by far my biggest holding and other investment opportunities are often discussed here i thought I'd mention it ....generally i would never another share, but Mr Griffiths is well connected and seriously rich (sunday times rich list rich).. and he wouldn't take a punt on a pharma company if the risk/reward wasn't loaded in his favour.....anyway it's worth a look...i doubled my holding this morning and it is already up 10% today from a near yearly low...

Hi All, LTH (about 3 years) here and this is my first post on this BB. I am not a pharma investor generally, but the RNS today concerning Mr Griffiths is a huge sign RENE could be about to take off. I am a small novice investor and have been invested in ELA (oil and gas) and HZM (mining) at the same time as Mr Griffiths and on both ocassions have done very well (ELA 6 bagged and HZM nearly 3 x bagged). Where i saw him invested, i have in the past put them on a watchlist..without investing...big mistake...a few months after he invested in JOG, it tripled and he is/was a signifcant investor of SNG (synagiren)...i had it on my watchlist when it was less than 5p....just excuse me while wipe the tears from my keyboard....anyway past success in no guarantee of future success, but Mr Griffiths is well connected and wouldn't be taking a punt on a high risk pharma if he didn't know the risk/reward was in his favour......news soon hopefully...BTW.....invested pre-consolidation at 1.75p, and doubled my holding this morning...

Dfs, can't see any negative effect from brexit here in fact i would think it's a safe haven, and unaffecred by brexit....i'm expecting some sustained buying here in the build up to the next set of results/divi announcement, with the price of coal and copper still soaring, and the following set of results Aug 21 should be even better!!!!!

Been a holder here for a few years from the botched wytch farm drill onwards, and so I've have had a few down days with RBD, and some good days. Trouble is with most AIM stocks the fall is always greater than the rise and most PI's get caught up in the hype before the resource is finally proved up. The steep intial rise on the WN discovery last year was based on the MAXIMUM potential of the discovery, of which it is still yet to be finalised. Today's news is excellent, but we still need the flow tests and API of the oil before we can start realising the full potential of the discovery and then the sp will become more realistic (hopefully aided by rising oil prices). In todays uncertain world, no company will be interested in taking this on until the flow and type of oil is confirmed, so we aren't there yet. I don't have any first hand experience of oil companies but have invested in a few with mixed results. I top sliced 50% of my small holding at 1.1p on the original WN discovery RNS, and then bought back in a smaller volume at 0.7p. I was disappointed at todays close with the sp but relieved that we have a good chance of getting back on track....WN flow tests....parta update, etc..
If the sp doesn't rise appreciably on the assumption of good test results at WN, this could easily be a takeover target given the current portfollio RBD have.

Finally, thanks to manwell, grey panther and the other similar posters for their honest appraisals of the technical aspect of the RNS/updates and twitter images...

Back in feb 2018 when Tom aquired full control of the GPA, CNOOC (or Nexen as it was then) approached Tom with the proposal of the scott platform for the GPA take off (as i believe the rig was to be warm stacked back then). Then a reliable poster on this BB posted that Tom rejected an informal bid of for PMG of £1.40. Again from previous posters on this BB, we think Tom has an average SP of 70p, and the land aquistion in exchange for shares makes a hostile takeover difficult. No doubt he trying to build something substantial and doesn't want PMG taken over cheaply before it's completed.....whenever that is...nice move up on the SP, hope it holds.

Ah!!!!! I forgot about that, thanks for the reminder, dan, billy

Dan, i'm not aware of an update on 4th december. i've just checked the 2020 corporate calender and no update is scheduled for December, next scheduled update is Feb....the 2020 was cancelled and any news regarding dividends will be announced approx 3rd week in Feb. I would expect sustained buying now until the dividend is announced.

Finally a decent rise in the SP last week, but we are still approx 30% down compared to our copper related sector peers. With the coal price recovering to nearly to pre pandemic levels and other industrial metals rising, inventories dropping i expect a sustained rise in the SP. Feburary will be a big month for glencore, the 2020 production report, financials and distribution notice for the expected reinstatment of dividends. For the dividend to be reinstated at the previous value of 0.20 cents, the SP would need to be around >£2.30, which should be achievable given the rising metals prices and (hopefully) reduced debt. Also remember the SP rose 10% in a single day before the last set of financials on the assumption that the previous deferred and current dividend would be paid, but they were cancelled, and the SP tanked. During this period all other miners (copper and non copper) continued to pay dividends, so perhaps not suprising, the Glencore price lagged other related sector peers. With maintained production guidance, reduced debt, positive broker notes, it should be time for the Glencore SP to catch up, especially if a decent dividend is to be announced...

Good to see some positive movement on the SP and new investors on the BB. For new (and existing) investors, check out the following website www.1stsom.com where it details all the companies involved including PMG involved in the maximum economic recovery for the outer motay firth area including the PMG owned GPA. Its very informative and clearly there is a strong desire to develop this region in the North sea. Still not sure why the sudden move the SP, but no complaints here!!!!!

Never saw the speech by Boris, but have had a quick read and the whole country is now at tier 3. A sharp drop on monday morning is expected but then a steady climb back throughout the day. The FT 100 dropped last week on the same lockdown news in france and germany, and if you look at the 5 day market performance for the dax, cac and FT100, they are identical, i'm hoping the england lockdown is baked in the current market price, but expect the hospitality and travel sectors to drag the main index down. Interestingly, I haven't seen any further restrictions on international travel....did i miss something????