Member Info for LivintheDream

Interesting piece for any chartists, out there...I don't understand it myself, but ii are stating £3.04 is either the floor for the bounce, or the trapdoor to greater pain...

https://www.ii.co.uk/analysis-commentary/have-glencore-shares-fallen-far-enough-ii534474?utm_source=sfmc&utm_medium=email&utm_campaign=DailyNewsletterCanviOneCol+-+iicommunity&utm_id=246523&sfmc_id=4616986

Mary, should have been relist, bloody autocorrect, but you never know, what a mess!!!!

I agree GLEN will now have target on its back at these prices, also just reported GLEN is now looking to leave london and resist on another exchange....just added a few more for my sins

I still can't figure this out...My understanding is that $6.9b EVR purchase was from CAPEX, so how has debt risen to $11b?

On better news, further shareholder returns are planned in H2 after the H1 report on 6th Aug...

I am not reading this as a positive report....$1.3b loss, debt up to $11b, divi cut 10 cents p/s....is there something I've missed?

In response to deal makers post, please see the following correction to the post.

Net debt as of 30/06/24 stood at $3.6B not $32B

Highest thermal coal price p/t in 2024 was $153 not $450

the small trading loss last year was due to +$9Billion in acquisitions (increasing copper inventories by 5 billion tonnes of Cu) funded from yr23 profits.

If the results are good next week, the SP will look very cheap, BUT when/if copper retreats, the SP may go back to £3.50.

I'm still loaded up here but have cash to add here and other stocks should the results season throw up a few bargains

The coal side of the business may be a posionous pill with prospective ESG investors, and now coal prices are at a multi year low, these factors may be offsetting any potential sp increase on the back of recent copper price increases. The coal business was primarily retained (as requested by large-share holders, who we'll call Ivan), as the coal business is very profitable and will fund special dividend returns and development of the future facing metals side of the business. Not long to wait now to see how those profits are allocated.

Personally, I'd like to any buyback programme capped at a maximum SP purchase value of £4.40 anything above that, doesn't represent shareholder value. Any unused monies allocated to the buyback programme could be used as a special dividend OR used to fund El Pachon/MARA Just my opinion

Added a few more today, not quite as many as Crowmaster. Be a shame to waste the opportunity Trump has given us. Also, I hadn't noticed the escalating war on DRC & Rwanda border. GLEN has cobolt mines in the DRC, but these tribal skirmishes are a reminder that mining companies are running out of safe countries to mine resources, a new government, political coupe, military regime, makes new investment in these countries very high risk.

Phippsy, there should be enough money sloshing about to increase divis from last year (I certainly hope so), but from the link below, GLEN are allocating approx $400m by 2026 in feasability/development work at the 100% owned mines in Argentina, Pachon & Marra. These mines were mentioned in the recent production report, and GLEN may look to start work on these in the next few years (Argentina will want these mines developed to bolster their economy). Estimated development cost for both is $8.5B, but will enable GLEN to hit target copper of 1m Tonnes p a

https://www.bnamericas.com/en/features/spotlight-glencores-copper-projects-in-chile-and-argentina

Coal costs is much lower than before, should drive profits and returns higher....I've seen worse reports, hopefully this calms the market

Cant see any bad news, Guidance achieved, but lower than the previous year, but it always is.

Unit cost of steelmaking co

I find it strange that the US & UK markets are trading at near all time highs, yet global growth is struggling/flat, so why are the markets so high? Anyway, my last purchase was on results day last year at £3.68 for my sons ISA. I will to add at £3.30

Crl123, a 20p off the sp would be 6% drop...ouch.

I remember a while back when AAL dropped 10% on forecasting lower numbers, Mr market doesn't like lower than guidance numbers, but we'll see.

If the sp goes below £3.30, It will be hard to resist.

3 years ago when GLEN was £4.15, I read BHP was lining up bid for GLEN, the recent approach to Rio Tinto looked desperate, and GLEN is stating they are looking for M & A activity, BHP may take a second look here, sell the coal off and a deal could happen here. See what tomorrow brings...

Crl123, why the 20p drop tomorrow? Leaky production numbers?

I wouldn't be surprised if GLEN approach AAL and join in any M & A bunfight. but all this talk highlights that the large mining companies are risk averse to putting a shovel in the ground, but preferring the M &A option. I am optimistic that the results will good in 4 weeks, but suspect returns to shareholders will be affected by the company holding cash back for future M & A, as GLEN have already stated they are looking.

Sorry to see you go evi, I've not posted for a while but still holding glen and waiting for a sentiment to turn...good luck with your future investments

My guess is that because they decided to keep the coal business and not sell it as initially proposed during the TECK/EVR takeover, so any investment company with ESG credentials will either sell or not invest.

However, on the flip side, the coal business is very profitable, and this should generate higher profits for funding future mine development and shareholder returns, but this won't be clear until the annual report in 3rd week in Feb 25.

The slow growth in China in the last 18 months and Tariff trump getting re-elected has not helped, but the lack of new mines under development due to high costs and availability should support Cu prices until the geo-politics stabilises.

just my opinion, but the AAL rise maybe due to the possibility of BHP returning with Take over and they have sold their coal assets and so will appeal to the ESG investors.

Good to see GLEN didn't go the coalmines being offered up by AAL for $3.7B. I thought they might not have been able to resist that carrot!

And it's been very quiet on the M & A front in comparison to 2023 when they traded at a loss, so debt should be lower and returns to shareholders increased. Looking forward to the financial report in Feb 25

I thought it strange that Harris always led the popular vote in the election polls, but Trump was 4/7 to win the election, so was surprised, that it was reported as shock news, but clearly not to the bookmakers.

Anway copper still falling, down 5%, and it's gonna be a wild next 4 years.