Member Info for selecta6

"............. we intend to undertake a fulsome refinancing exercise during the first half of 2024".

Fulsome, an rare used negative term, that conjures sarcasm!!

More red flag here, than in an F1 race.

Stroll is a very very determined guy, he desperately wants to avoid the black flag, by trying to buy time.

Sadly, more SP pain ahead, even after today's cliff top fall.

Haha, Son.

Nice one, that made me smile.

How right you are.

Posts usually deteriorate after 9pm, from all the drinkers.

But, with a couple on here, it can be any time of the day!!

However MH01, your conjecture is just so wrong.

Can't you see what is happening.

Wake up and smell the coffee.

Newmont is huge. GGP is a little tiddler.

SD has no clout.

I read it Zoros, albeit this morning.

Yes, what you say makes sense.

Ever since SD let Forest through the door, (at a price Forest told SD he would pay!), SD gave the reins to him.

SD is nothing more than the up front salesman now, doing his roadshows.

The muscle is behind the scenes.

GGP is out of it's depth now.

The Newmont consortium is huge, we won't even cause a splash in the ocean.

Yes, spot on Sirplace.

I'm sure there are a lot of songs that are appropriate to EUA.

Status Quo : Down, down.

Rolling Stones : It's all over now.

The Beatles : Penny lane.

Who knew all those great groups and great singles, were all the time about EUA.

But of course, prior to joining the Road to nowhere.

We were on this highway..........

https://www.youtube.com/watch?v=OcW-BSEB3ng

Agreed, storm in a tea-cup.

Minor change of promotion of number 2 sponsor, Aramco (i always think of the motorway barriers, Armco!1).

Plus, demotion of number 2 driver, Lance! His hissy fit at Qatar GP was quite telling New driver in that can perform.

Laurence will be desperate to see AM perform better next year.

All, IMO, of course.

Well, what have we go here?

i). A company that has never made money and gone bust numerous times.

ii). A mega rich chairman who can bankroll and call on others to pump loads of money in.

So, a recipe for an extremely volatile share price.

Redirons,

Well said at 23.29.

I'm with you all the way.

Dr P.

Yes, fully agree.

The case did relate to the divi's, as a consequence of the manner in which he had acquired the shares. As such, as a sop to forego salary.

I also think HL is being very cautious.

Whole heartedly agree that it is an situation between the individual and HMRC.

For me, the fact that Glen account for it as a capital reduction wins the day, and i have and will continue to treat it in a similar way, and thereby capital repayment and not dividend.

Glencore is, as we know, held in a different territory, hence no stamp duty on share purchase. So, for me, the fact Glencore's tax is treated differently, draws a parallel to the treatment of shareholders receipts.

Reflect the payments from Glencore, as you see fit, to HMRC.

Hi niklol.

Not had a chance to contact HL yet.

However, pennytraders note from HL is quite bullish and conclusive.

There is a law case where the shareholder is an employee of Glencore, and he took shares in place of remuneration. The capital distribution was deemed income. However that case has no relevance for a non Glencore shareholder.

I'll write to HL over the weekend to clarify.

What a carry on!!

Good spot, kieffy.

Yes, this should (but probably won't) rid this board of all the endless speculation on what NCM intends to do with Telfer and almost certainly Haverion.

Hopefully, the facts will emerge soon..ish.

I think he's drinking them 2 by 2.

Niklol,

I'll write to them, and ask for clarity (i.e. what they are playing at!).

Perhaps, you may wish to do the same?

Niklol,,

Fair enough. They seem to make it up as they go along.

Mine was late being credited, but shown as a capital repayment.

Left hand, right hand springs to mind!

This topic comes up every time they make a distribution.

Glencore term it a capital repayment and treat it as such. Therefore all brokers/intermediaries and sh's should treat it as such.

My 2 brokers,Bell and HL treat it as a capital repayment, correctly.

The court case referred to previously (not the one by Dr at 07.49) is in connection with a Glencore employee who took shares as remuneration. It has no relevance to us as shareholders.

Thanks Ron, very useful.

So in descending order of significance that is 5/6ths of the shares.

So, stating the obvious....

i). The rest of us have zero significance, and can't influence anything. Not even the cleaning fluid used in the loos.

ii). Understandably, Lawrence Stroll controls things.

iii). However, needs Geely and the Saudia's to sidle up alongside to win the day.

iv). In reality Stroll and either Geely or the Saudia's have enough weight to get approved any motion.

I've no issue with any of that.

In Lawrence we trust. Not that we have any choice, really. That said, he is very committed and determined. He's already binned quite a few other 'execs' that obviously weren't playing ball.

More time needed here, but we have come a long way in last 4 years.

Onward and upward!!

Spot on Taverham,

Election likely to be Oct 2024.

So no chance of any cut until Gov't silently signal to BofE to start to cut next summer.

Everything from here-in will be linked to an election.

Inflation will mystically start to lower next spring. Surprise not.

Interest rates will lower just after. Surprise not.

It's all politically driven.

Green shoots!!!!

Plenty of rose tinted specs around.

Emperor's new clothes springs to mind...

Nothing to write home about with the results.

The FD, has had enough and jumped ships.

Now we have a FD who has experience of taking a retail company under water.

Struth, what will he do when playing with large cruise liners.

Man overboard, springs to mind.

Spoken by a man who still has a very small holding of IPO shares, that are 95% under water!!

The only constant here is dropping SP, and overpaid, inactive executive board.