Member Info for RichieRichie

At the same time as coal and base metal prices are flying, iron ore prices have fallen from $233/t to $94/t. Simply put iron ore is not resource constrained and the price of iron ore will continue to fall. Copper, Zinc, Nickel are all resource constrained and therefore prices will remain high. Combine this with unloved thermal coal having a resurgence on the back of high gas prices and Glencore has the best commodity mix. Sell Rio buy Glencore...

Newcastle coal benchmark prices are flying and up 13% overnight to $204/t. High gas prices are triggering resurgence of coal demand in Europe and China. Glencore must printing money at these prices as Copper, Zinc, Nickel, Aluminium are all very strong also.. Hopefully share price starts responding upwards.

Oil price at $78/bbl and big increase in the Baker Hughes rig count today. The economy restart and restocking good for Hardide. Would be great to hear the Airbus Tier 1 supply contract is signed....

Good news. With oil & gas, flow control and aerospace, the gas turbine market is shaping up to be a really attractive opportunity. Hopefully Hardide are getting close to, "Long term agreement with a major German Tier 1 supplier to Airbus is in final stages of preparation for the coating of multiple Airbus A320 and A330 components". Come on Airbus and their supply chain....

I like your enthusiasm. On 18 May, Hardide announced in post period events, " Long term agreement with a major German Tier 1 supplier to Airbus is in final stages of preparation for the coating of multiple Airbus A320 and A330 components". Would be good to hear from the Board progress on this long term agreement, what the long term agreement means in terms of revenue, other new customer conversions, recovery of oil and gas sector and progress back to break even etc.

The Ncondezi presentation refers to a 25 year offtake with the Mozambique State power utility. Mozambique has a Fitch rating of CCC which is defined as Substantial Credit Risk or non-investment grade. The presentation also refers to an indicative debt term sheet from ICBC in Dec 2019. Apologies if this has been addressed before but how does the debt provider get comfortable with the offtake (or revenue) to repay their debt given Mozambique's credit rating?

Newcastle coal benchmark $169/t or almost $20/t higher since Glencore reported last week. Thats another $1bn of additional EBITDA for 2H 2021 (50mt x $20/t).

Another painful drop in the share price.... On 18 May, Hardide announced in post period events, " Long term agreement with a major German Tier 1 supplier to Airbus is in final stages of preparation for the coating of multiple Airbus A320 and A330 components". Would be good to hear from the Board progress on this long term agreement, what the long term agreement means in terms of revenue, other new customer conversions, recovery of oil and gas sector and progress back to break even etc. Some director share buying would also be welcome. The shareholders of Hardide have been knocked badly by the impacts of Covid. The post Covid economic recovery feels as though it is well underway and would be great to hear some positive news from the board at Hardide.

Slide 21 of the investor presentation. Illustrative spot cashflows $21.8bn EBITDA and $11.5bn free cash flow! Big rebound in coal performance. With net debt at £10.2bn, Glencore will be a cash machine going forward.... Share price has to reflect this....

Benchmark Newcastle coal has risen from an average of $98/t in 1H 2021 and the index is now trading at $149/t. The rise has all happened in the last couple of months as bounceback from Covid starts. The $149/t coal price is definitely not priced into the share price.... Copper, Zinc, Lead, Nickel, Colbolt all strong and getting stronger. Changing of the guard and very strong commodity outlook for Glencore....

From the RNS today, it is encouraging that an experienced fund manager is a believer in Hardide. The interim results referenced, "Long term agreement with a major German Tier 1 supplier to Airbus is in final stages of preparation". The interim results were almost 2 months ago so would be good to hear progress on the long term agreement and what it means for the company.

Great news. Stage is set and look forward to more aerospace customer conversions. Oil price also at a 3 year high and drilling activity recovering quickly.

Aerospace bracing for take off. Reads well and look forward to Hardide's return to growth. Oil price >70bbl and recovery in drill rig count underway. Lets hope more of the new applications in gas turbines, oil and gas crystallise in parallel with post covid recovery. The share price is cheap relative to all the potential...

Unfortunately CAML become a lifestyle company. CEO too focussed on his "Teddington" lifestyle and CFO a bafoon from Winchester. Really sorry but big mistakes being covered with BS...

We are all fans of competent management. But the hedging was a big error. Setting up Kounrad was value add, buying SASA at npv ok but hedging copper a massive mistake. Don't get blinded by the boards Bull**** a massive mistake that shareholders will pay for ....

Has the company separately disclosed its copper hedging losses yet? Copper at $4.65//lb

A highly rated fund manager buying. A good endorsement. US forecasting 6 per cent growth this year and FTSE over 7,000. Hopefully the road to recovery will start gathering pace. Would be great to get Airbus over the line and a few more new customers or applications. The recent case studies highlight just how good the Hardide product is.

Share price tracking when the pubs are open. Drink more beer and the share price goes up!

Oil back to $70/bbl. Hopefully the beginning of the recovery.

News release states 40% of the options vest based on Gross Profit of £3.5m in FY 2022 and 40% based on Gross Profit of £4.3m in FY 2023. Gross margin for FY2019 & 2020 has been approx ~ 50% on ~£5m revenue. Assuming the 50% gross margin is a useful proxy for the future, this implies a revenue of £7.0m in FY 2020 and £8.6m in 2023. This would imply EBITDA positive in 2022 and a profit in 2023. Great lets hope they beat these targets.