Member Info for Touristvisitor

Not so very few TT.

AS THE sage of Omaha famously said, “The stock market is a device for transferring money from the impatient to the patient," highlights the importance of patience and long-term thinking in investing.”

It has been a Circus here, and the Green bin is far better than engaging with disruptive trolls. I wish less would get sucked in to giving them the oxygen of replies.

We need moderators to filter we know who, so I hope we shall hear from you from time to time, oh wise one. You are appreciated. The temporary SP drop has created a natural troll filter and some of the impatient are drifting away.

Good luck.

I found this glossary very useful when trying to understand some of the mysterious abbreviations used on here.

I hope it may help others.

https://fnarena.com/index.php/financial-news/glossary-of-financial-terms/

Could be worse. Be patient

Worst Performing Sector

Precious Metals Price Change

Galantas Gold (GAL) 3.35 -21.18%

Jangada Mines (JAN) 1.05 -10.26%

Greatland Resources (GGP) 330.00 -8.86%

Empire Metals (EEE) 24.00 -7.17%

Mila Resources (MILA) 0.825 -5.71%

Showing opening at 317.5

Element1

“This see-saw price action could continue for weeks as UK sellers take profits and stock gradually moves over to the ASX as AIM PIs sell out”

Why would anyone sell out? If they have bought into GGP they must know (especially if they read this BB) that holding for a few months (or years) should be far more profitable than selling now.

I think everyone needs to calm down and await developments over the next few weeks. There’s sure to be plenty to discuss after ASX day and RNS days ahead.

Keep your powder dry.

Https://apple.news/Ao0_SRurkTKqTahDbidef7A

I finally got my purchases carried out, thanks, and like everyone else waiting for developments.

I’m not expecting to get rich quick, but after several years holding, I’m in a happy position and I’m in for the long haul. I envisage a few years ahead before I cash in and buy gold, if my fiat currency is worth much by then 😫. Wouldn’t it be nice if GR would sell us LTHs a bullion bar at a discount price ?

D23

From OP

HL system was down until closure on Friday, but I’ve executed a fill or kill of half my “spare” with a cushion above close price so hopefully it will go ok and I can bag the other half at a similar price on Monday morning before (as some would say) it goes boom 🚀

(I hate that expression) but I’d like to be further invested around the current closing price.

Thanks to all for opinions / observations, and good luck.

HL system not allowing me to add money. Grr

Thanks D23, you’ve hit the nail. Of course I know, but I just needed reassurance from fellow minds on here.

It’s a lot of investment for me, but I wouldn’t have to sell the farm if it went pear shape, so here goes.

Thanks for replies, I’m already invested in GGP more than that, and a financial advisor would tear his hair out about a balanced portfolio, but I was interested in what folks would say. Going to discuss with her indoors and I think I’ll give it another pop. If I don’t, I may kick myself in a few weeks.

Thanks for comments.

I have a space for another £10k in my U.K. ISA

Is now a good time to BUY more?

Warning last month that summer strikes could hit both Glasgow and Edinburgh airports, after ground services crew employed by Menzies Aviation at both locations overwhelmingly rejected separate pay offers they described as “unacceptable.”

Let’s hope this gets resolved and doesn’t spread elsewhere.

Final Tranche from interesting article.

As copper producers I think it’s of intere?

Tranche 3

Electric cars drive demand

The increased use of EVs also looks likely to power the requirement for copper. EVs are more copper-intensive than traditional cars, and the same is true of the related energy needs and infrastructure. EVs and plug-in hybrids respectively use 250% and 144% more copper than traditional cars do.

There is also an expectation that the world will need more electricity in the coming years, with AI and the internet generally relying on energy-hungry data centres. Trafigura, a major copper trader, predicted last year that AI alone could generate demand for an extra one million tonnes of copper by 2030 (currently, there is an annual demand for around 28 million tonnes of copper). All these factors mean electrical infrastructure and transport will increase copper usage by 26% and 29% respectively between now and 2030, according to Benchmark Mineral Intelligence’s Copper Service.

Meanwhile, as nations develop, industrialise and bolster infrastructure, their demand for copper rises greatly. Indian copper usage is forecast to grow 76% between 2024 and 2030. In all total copper usage globally is forecast to increase by 16% overall by 2030. Yet supply is only set to grow by 11% over the same period, so that a significant deficit will open by the end of the decade. The International Energy Agency is predicting a 30% shortfall of supply by 2035, as mines have been affected by “declining ore grades, rising capital costs, limited resource discoveries and long lead times”. Problems range from deep, low-ore grade mines in South America and logistical challenges in Africa to delays securing permits in the US.

Nations in South America, such as Chile, the world’s largest copper producer, have been exploiting some of their best resources for some time now, with some of Chile’s largest mines many decades old. Major copper miner BHP estimates that global copper-ore grades have declined by 40% since 1991.

As ore grades decline, mining becomes less efficient and more expensive. “Declining grades… means that more ore needs to be mined, processed and transported to produce the same amount of copper. Without technological advancements, grade decline is likely further to increase production costs on a unit of output basis,” BHP said last year.

In several countries, obstacles to acquiring permits and local resistance to projects have caused supply problems: witness First Quantum’s Cobre Panama mine, which was closed in late 2023 after nationwide protests. Cobre Panama had only opened in 2019 following a $10bn investment from First Quantum and its predecessors. The risks in investing in opening new mines are high, which militates against new production.

“Return on investment is long in the mining industry. From finding a resource to actually mining it can take 15-20 years,” a source at a large copper miner told me. With all this in mind, there is an expectation that copper prices will move up significantly in the

Another tranche:

Most American market participants use copper prices from the Chicago Mercantile Exchange (CME), whereas most international traders and producers use the LME price. The LME price is a duty-free copper price, and the CME is a duty-paid price. The CME copper price would therefore be likely to rise to reflect any import duty. A historically broad arbitrage has opened between the two markets, with participants using the spread as a play on the expectations of tariffs. For example, it recently widened sharply after Trump threatened the EU with a 50% tariff.

The fear of tariffs and the broad spread between US and world copper prices has seen the US flooded with copper. The rest of the world, on the other hand, has seen markets virtually drained, pressing premiums for copper being delivered in Europe to record highs, and creating a shortage of material.

Premiums for copper being imported into China also hit multi-year highs in May, with those premiums as much as 85% higher when compared with the levels seen before Trump’s inauguration.

US participants want to ensure a good stockpile of material in case tariffs do come in, so they are rushing to secure extra material promptly. Participants, predominantly metal traders, are also moving copper from across the globe, including South America and Europe, into the US to take advantage of the arbitrage.

The upshot? Since January the copper market has seen record-breaking price movements, spread movements, and arbitrage. Copper miners’ share prices have swung wildly too. One analyst told me recently that forecasting price movements is now so challenging he wished he could forgo forecasting the price at all in 2025. Still, copper prices are up 10% this year, outperforming UK and US stocks.

Look far beyond this year

The long-term picture for copper is much clearer than the tariff-driven short-term. In the long run most analysts and participants agree the copper market will slide into a substantial deficit by the end of the decade.

This fear of a supply deficit and the expectation of higher prices has been highlighted by the significant number of mergers and acquisitions in the copper market in recent years. Miners are rushing to acquire assets to bolster their own supply. The most prominent examples are BHP’s and Glencore’s attempts to acquire Anglo American and Teck Resources respectively in multibillion-dollar deals.

New technologies such as electric vehicles (EVs) and increased investment in grid infrastructure are expected massively to increase demand for copper. Copper is an excellent conductor of electricity, which makes the metal critical as the world rushes to electrify. Renewable energy generation, such as wind power, along with the related grid infrastructure, is significantly more copper intensive than traditional energy generation.

Electric cars drive demand

The increased use of EVs also looks likely to power the requirement for copper. EVs are more copper-intensive

Copper is used in virtually every area of industry and modern life. The red metal is the third most-used metal globally, behind only steel and aluminium. It is even nicknamed Dr. Copper because demand is tied to the health of the broader economy. The idea is that if demand for copper is robust, the broader economy is healthy.

Since China’s rapid industrialisation in the last few decades, copper’s price has been closely tied to the Chinese economy, with 58% of total global refined copper consumed in China alone last year. The Trump administration’s policies have unsettled the market; 2025 has hitherto seen unprecedented volatility. But the long-term picture is clearer: most analysts expect a broad supply deficit.

The Trump effect

Donald Trump’s return to the White House has unsettled the copper market. On 7 April, just after “Liberation Day”, copper traded in a range of $8,105$9,096.50 per tonne, an unprecedented one-day range. Recent US policy has not just suppressed global risk appetite, but also dented expectations about demand for copper over the next few years. Many goods shipped from China to the US are copper-intensive, such as washing machines, fridges and televisions.

Huge tariffs on these goods are likely to reduce these flows. Some market participants estimate that as much as 5% of Chinese demand for copper ends up in the US in products such as those mentioned above. Recent copper consumption, however, has not declined: the fear of tariffs has led to the “front-loading”, or expedited shipments, of goods. The front-loading of exports has actually increased apparent demand for copper over recent months, but this is unlikely to last.

Beyond the surprising immediate effects on the copper market, tariffs in general are considered bad for the global economy and by extension, household spending and government investment in copper-intensive areas such as grid infrastructure. Copper declined sharply after Liberation Day owing to fears that the tariffs could affect demand. The London Metal Exchange’s (LME) cash copper price fell 11% in the week after the announcement.

The copper price is also closely related to the value of the US dollar. LME copper prices are priced in US dollars. If the US dollar strengthens, copper becomes relatively more expensive for participants operating in other currencies, so dollar strength tends to pull the LME copper price down.

Trump’s economic policy is having a significant impact on the US dollar. So far in 2025 the US dollar index has already traded in a range 44% wider than in 2024 – adding to the volatility of the copper price.

Recent US government policy has also threatened to affect copper directly. The US government has announced an investigation into the national security implications of the US’s reliance on copper imports. This has led to speculation that the US will implement a tariff on the red metal.

Most American market participants use copper prices from the Chicago M

Demand for copper increasing due to EVs, Storage, etc and supply is dropping. Copper prices expected to increase by 30% by end of decade.

I’m guessing this is good news long term for GGP with our byproduct from gold digging.

GLA.

04-Jun-25 16:38:31 14.6578 4,185,000 Unknown* 613.43k O

A few late transactions but that’s a big one.

#Me too!