Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
…..China uses a lot more coal than what is needed for 36 power stations, probably the biggest user of coal along with India in the world. To phase it out as they are suggesting will take 30-50years - that’s a lot of dollars and makes the two coal mines they bought a steel.
The wording for coal was changed from phased out, to phased down which means coal could be around for years to come, which equates to a lot more dollars for Glen - Indian and China being the main contagionists.
....all depends on which crystal ball you are using - I use mystic Pegs. If Russia goes into Ukraine expect a pull back in the markets - they have already made it public that is their intention!!!
Hope there is a follow on from yesterday - futures down slightly. Yeah and I hope Russia keeps its nose out of Ukraine !!
..hope coal has a significant impact on the end of year balance sheet and it doesn’t act as a substitute for shortfalls in other communities.
….I sense a blue day is on the cards -:))
....report on Bloomberg this morning saying oil and metals price rises into Dec.
....246 flights a week by the end of the year - straight from the horses mouth ( CEO)
Big Blue - why don't you do one - you must have invented the word PRAT!!!
...two Reuters analyst sticking the knife in on IAG this morning. We have waited 18 months for this day and Reuters analyst decide to tell everyone the IAG will still suffer loses until all business class seats are taken up - they couldn't pick a better time, what with the Bernstein downgrade - w.ankers of the first degree!!!!
Bernstein downgrades IAG to 1.80 , and upgrades EZJ to 8.45 - how much are they paying Bernstein - these analysts want a rocket up their A.rse
…that’s the CEO IAG coming up live.
…coming up live on Bloomberg!!
Hope to see the SP heading in the other direction on Mon - if it’s not the bottom, we are not far off it -:))
Eviking - buy at 3.40ish, well I hope it bounces off 3.50 for a start.
Pete - why sell IAG - transatlantic flights start on Monday so I expected a rise today and Monday and maybe Tuesday it's fill your boots time!!!
...I reckon when they started to talk about phasing out coal, it has spooked Glen investors - thoughts anyone ?
IAG is a lot bigger company than Luftansa so it was unreasonable to expect a return to profit like the German airline - still missed estimates though.
..Copper is up 1.35% so you would expect Glen to behave itself, as for the rest, who cares a foooook!!!!
Expect a sea of blue across the Ftse 100 today because of the USA decision on tapering :- ))) - come on you Glen !!
Pete even if your only in Glen, and Spoons - take a break away from this until they recover then you can sell @ evens - it just takes patience, you don’t have to trade all the time.