Member Info for Sidneysideline

This half year report would have been drafted weeks ago... no way yesterday's info, even if it was a week or so old, would have been in there. A little homage paid to where they are moving towards...

http://www.glencore.com/dam/jcr:0895391c-ffb4-4b2d-8f1e-ffc77574f8f4/GLEN-2018-Half-Year-Report-FINAL.pdf
Ref pg 16
"Iron ore prices started the year in the region of $70-75/t, but were lower from March as winter restrictions on steel production in China (for environmental reasons) were lifted and steel prices reduced from elevated levels. Iron ore prices then stabilised around $65/t over the last three months. During this period, penalties for deleterious elements in iron ore increased substantially and, while prices overall have been stable, premiums for high quality material, particularly in pelletised form, improved substantially."

Frag... a little bit like Christmas Eve... a big day tomorrow. Ok not quite but you get my point...

I can't see how they can hold this back in the morning... surely it must move to the next level, which is circa 23-25p range.

Absolutely huge buys during the day... we haven't seen that for a long time... wow!

Agreed AJA. Glencore will be releasing its results tomorrow and I also think there will be a joint statement of intent with ZIOC. A week of updates... incidently GLEN's 3.69% today could be off of the back of the pellet news... oh and Mr Trump!

Smells of desperation!

An interesting an hour and a bit left of the day...

Seriously people... the same drivel that's on every board when good news lands... someone's selling... idiots. No ones selling. Just a few trading today and I hope they make some money. Keeps the wheels moving.
Yes I am a little surprised it hasn't moved higher. I would imagine there are two or three large buys in the system... 15% close up for me today. We will break 20p after lunch... obviously just my opinion...

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ZIOC&share=zanaga_iron

Morning all
A new dawn for Glencore as it moves further into the iron ore business...

Afric, rather not bud... morons are inevitable. Nothing's gonna ruin my party today. This is massive.

Agreed Minor.
This will be all over the world press today, this week. Glencore's exposure to a new market is well timed and there has clearly been an immense amount of collaboration... why would Glencore sell when they can control this multi billion pound asset for the next few decades.

Not today Popples. If they play it right today they'll earn their half year bonus!

Not today Popples. If they play it right today they'll earn their half year bonus!

This is the update we've been waiting for. Success with cold pellets and our Glencore partner running with us... love it. Watch this little baby move?

Hi
Anything sub 20p has to be a steel... news can drop any day... my view is this week, poss tomorrow or Thursday.

The revised NPV is what will make the difference here and catapult this forward... I have no hesitation in making the comment that positive pellet results, due immediately, will take this into the £1-2 bracket. Easily. It can't fail to hit that if the asset is properly valued. Certainly not dreaming or ramping. Facts, market demand, supply capability and the current rising price of iron ore. A £400-500m mcap company every day of the week.
Obviously just my opinion....

Risk.... well spotted fella. A good spot. Keep up the good work...
This week... as I said, I've got a feeling it's gonna be a biggun!

Urgh no. Idea what that is after the ....

Monte... I completely agree with you. All my opinion fella. Just joining up the dots...<br />