Member Info for Sharetrooper121

is in sight!

Say Zinc to be the best base metal performer. Great for Vedanta: Our Zinc operations comprise Hindustan Zinc Limited in India and the assets of Zinc International across Namibia, South Africa and Ireland. Mined metal production in 2014-15 was 887 kt in India and 312 kt in International locations. Hindustan Zinc Limited (HZL) owns and operates a fully integrated zinc-lead business. HZL is one of the world's largest integrated zinc-lead producer by volume. Vedanta Limited (formerly known as Sesa Sterlite Ltd/Sesa Goa Ltd), an India listed susidiary of Vedanta Resources Plc, owns 64.9% of the share capital of HZL, while the Government of India remains an equity partner and holds a 29.5% stake. HZL is listed on Indian stock exchanges (NSE and BSE). HZL has facilities located in Chanderiya, Dariba and Zawar in the state of Rajasthan, along with Zinc processing and refining facilities in Haridwar, and Zinc, lead & silver processing and refining facilities in Pantnagar, both in the state of Uttarakhand. The operations comprise five lead-zinc smelter, one silver refinery and six captive power plants. Our international zinc operations include the Skorpion Zinc Mine and Refinery in Namibia, Black Mountain Mining (BMM) in South Africa, and the Lisheen Mine in the Republic of Ireland. On 27 July, 2015 Vedanta Zinc International (VZI) broke ground at the Gamsberg project, one of the world’s largest undeveloped zinc deposits. This commences Vedanta’s plans to turn the Southern African region into one of the most important suppliers of zinc in the world and to bring far-reaching socio-economic and environmental benefits to the region. As part of its vision for an integrated zinc business in Southern Africa, Vedanta previously announced the approval of a US$782 million investment over 3 years; the majority of the investment, approximately US$630 million, will go towards developing the open pit zinc mine, concentrator plant and associated infrastructure at Gamsberg. The balance will be used to convert the refinery at Skorpion Zinc in Rosh Pinah, Namibia, enabling it to refine zinc sulphide concentrates from the Gamsberg Mine into special, high grade zinc metal.

if the UK reflects Europe and to an extent growth generally there could be demand for commodities and oil that will shock the doom mongers and actually accelerate in next couple years!

On the year, house prices jumped 9.7% in January compared with a 9.5% annual increase in December. Analyst had predicted a 9% gain. UK car sales enjoyed their strongest January performance for 11 years, with new car registrations rising 2.9% in the month after what was already a record year in 2015. Private registrations fuelled the growth, data for January from the Society of Motor Manufacturers showed, soaring 8.2% to their highest level since 2004 of 73,061 vehicles. Across the Atlantic, US initial jobless claims rose 8,000 to 285,000 in the week to 30 January, according to the Labor Department. Analysts had been expecting 278,000 claims. The report comes ahead of Friday's official monthly non-farm payrolls figures which are expected reveal the US added 190,000 jobs in January, marking a slowdown from the previous month's 292,000 jobs. The Federal Reserve is keeping a watch on the health of the labour market as it decides when to next raise interest rates. "The labour market tightened significantly in 2015, which was the main reason why the Fed raised the target rate in December, as PCE core inflation is still subdued," according to Danske Bank. "Since then there has been much uncertainty about the true state of the US economy, as the financial turmoil in the beginning of 2016 partly reflects growth concerns due to monetary tightening and weak data releases." Meanwhile, oil prices gained amid reports of potential talks between global oil producers to curb the supply glut. Venezuela's oil minister Eulogio del Pino told Iranian news agency Shana on Wednesday that six producing countries including OPEC members Iran and Iraq and non-members Russia and Oman, supported a meeting. Brent crude rose 0.90% to $35.36 per barrel and West Texas Intermediate climbed 2.5% to $33.12 per barrel at 1615 GMT. Among corporate stocks, miners were among the biggest risers of the day as commodity prices increased. Anglo American, Antofagasta, BHP Billiton, Rio Tinto, Glencore and Fresnillo all registered gains.

in coming next few trading sessions £3 easy target IMO

target in sight then who knows :)

Vedanta Limited Consolidated Results for the third Quarter and nine months ended 31 December 2015 Mumbai, India: Vedanta Limited (formerly known as Sesa Sterlite Ltd) today announced its unaudited consolidated results for the third quarter ended 31 December 2015. · Q3 FY2016 Revenues at Rs. 14,801 crore · Robust EBITDA of Rs. 3,212 crore and 26% EBITDA margin1, despite weak commodity prices · Attributable PAT at Rs. 18 crore, primarily driven by lower oil and metal prices · Generated free cash flow at Rs. 609 crore before growth capex · Actively managing balance sheet, with a focus on optimising opex and capex to maximize free cash flow; refinancing and terming out maturing debt; and simplifying the group structure o Strong financial position with total cash & cash equivalents of Rs. 50,685 crore and undrawn committed facilities of c. Rs. 4,800 crore · Zinc-India: Strong refined metal production; record refined silver production of 116 tonnes · Oil & Gas: Stable Q3 production with 19 kbopd contribution from Mangala EOR; Rajasthan water flood operating costs continue to improve · Aluminium: Record metal production; 7% lower cost of production q-o-q driven by cost optimisation initiatives; received approval for conversion of 3 units of 2,400 MW Jharsuguda IPP to CPP · Copper-India: 89% utilisation, affected by floods and unplanned shutdowns · Power: Second 660 MW unit of 1,980 MW Talwandi Sabo commissioned; 85% availability for both units · Iron ore: Stable operations in Karnataka; slower ramp up in Goa due to transportation issues 1. Excludes custom smelting at Copper India and Zinc India operations Tom Albanese, Chief Executive Officer, Vedanta Limited, said: "In the weak commodity price environment, we remain committed to optimising our operations, leveraging our high quality asset base, and proactively managing our balance sheet. I am encouraged to see the positive results of our cost reduction programme gaining momentum, and believe that this relentless focus on efficiency will not only make our business more resilient through the cycle but position us favourably for any future improvement in market conditions. Despite challenging market conditions, these efforts have allowed us to generate a robust EBITDA margin of 26%." Consolidated Financial Performance The consolidated financial performance of the company during the period is as under: (In Rs. crore, except as stated) FY' 15 Particulars Q3 Q2 Nine months Actual FY 2016 FY 2015 % Change FY 2016 FY 2016 FY 2015 % Change 73,364 Net Sales/Income from operations 14,801 19,128 (23)% 16,349 48,102 55,632 (14)% 22,226 EBITDA 3,212 6,234 (48)% 4,113 11,365 18,240 (38)% 41% EBITDA Margin1 26% 43% 32% 30% 45% 5,659 Finance cost 1,391 1,341 4% 1,418 4,167 4,338 (4)% 2,367 Oth

Number of First-Time Home Buyers Falls to Lowest Levels in Three Decades Figure represents third straight annual decline and lowest percentage since 1987 - wall street journal November 2015! Potential first-time home buyers scared off as 'typical' deposit surpasses £30,000 barrier - Express Jan 2016 Number of first-time buyers in decline Posted on 11 January, 2016 by Laurence Glynne in Property News First-time buyers paid an average deposit of £91,409 for a property in London last year, according to mortgage lender Halifax. Number of first-time buyers in declineBut the number of people in the UK buying a property for the first time dropped 0.5% in 2015 to 310,000 when compared with the previous 12 months. The decline in the number of people getting on the property ladder is the first since 2011 and is being put down to the size of deposit first-time buyers now need. Halifax reports that average deposit for first-time buyers rose 13% from £29,094 to £32,927 in 2015, while a growing number of borrowers are taking out 35-year mortgages. Since the property market reached its last peak in 2007, the average first-time buyer deposit has risen by 88% from £17,499. At that point, loans of more than 100% of a property’s value were available from some lenders.

Miners do poorly because of China. Oil does poorly because of China and Saudi Arabia. Home builders do well because there is a shortage of homes. LOL thats the funniest thing ive read in ages LOL Shortage of homes? everyone i know that can afford one or more or wants to own their own home has one. A syrian cant afford one. Neither can a student. Its happening already they the market riggers just want you to believe that! BREXIT is the dark cloud about to destroy property values watch and see ;)

one final point BREXIT.................. its already doing the damage!

leave you alone? Im here to help some remove the rose tinted view they have about UK housing. FACTS in 2008 house prices were set to collapse along with stocks. In panic the FED and other central banks slashed rates to try and prevent foreclosures surging, same here in Europe! It worked............ it worked so well it created an inflated bubble in house prices. 2011 property wobbled along with the Greece crisis BUT they couldn't cut rates more so what did they do all sorts of other tricks. Since 2001 they've introduced all sorts of tricks to underpin the foundations of the market. Trouble is anyone who could afford a house has one or more ;) But theyve run out of options you cant help a Syrian buy a house he has no job or money. Property is set to crash PERIOD!

guys whats to stop Fever Tree making a high quality coke? I can see Coke buying this firm.

still see this dropping to sub £1 before recovering

here at this rate good luck all FEVR is on a roll

good or bad rns though?

has Vedanta and Anglo American been downgraded

down 8%

this is negative on a day like this? oil up 8% was up 5% yesterday Copper up 1.2% This should be up 10% after recent declines!

this didnt hold the open gains with oil up 8%

to find reasons why this isnt up on a day like this?