Glencore Share Discussion Threads

[losses] 12/12/2016 09:09

A nice trade up again... bought some 297+

[losses] 12/12/2016 09:03

Also at some point the turn up Middle East will need re-building... again metals required

[losses] 12/12/2016 09:02

It's about supply and demand... USA pledging massive infrastructure builds hence will require more metals

[dremel] 11/12/2016 18:54

I,ve been thinking, now I don,t do a lot of it, but the fact that mining shares have moved so much just recently after years of slumber seems a bit unsettling.

I cannot see what has changed so much with China to warrant the movement ?, all this seems to have occurred after we voted Brexit, and given the fact that Trump has vowed to put China on the back burner, and bring business back to the USA, wont that mean a slump in commodities over there as the country has always been the driver of prices ?, any views on this appreciated ?.

[arja] 09/12/2016 19:44

yes , friday blues but RIO also hit today and miners had profit taking. Chart still looks good.

[losses] 09/12/2016 18:35

It's a Friday thing

[aganatra20] 09/12/2016 16:36

Why did it drop from 307 down to 300?

[losses] 09/12/2016 08:21

You joking right?!?!

[wantmorethan24p] 09/12/2016 08:14

do a switch from glencore to genel

but as always do your own research

[foxy22] 08/12/2016 15:11

Bloomberg been pumping glen deal today.....very exciting news....glassenberg a shrewd cookie

[losses] 08/12/2016 14:48

Welcome back Russel

[kfr20] 08/12/2016 13:24

Buy the best as they say. Buy the good news.

[kfr20] 08/12/2016 13:16

Chart is magnificent. Momentum is a wonderful thing.

[gxgxx] 08/12/2016 13:09

Russell - This is (will be) £3.50 before Christmas never mind next April.
Could even be £3.50 before the weekend, next week?
The Divi reinstatement was just the taster of what is now to come.!

[russell250] 08/12/2016 12:23

I have gone against my initial instinct of waiting until after fed and reaction by emerging markets

bought back in heavy at 300 and 304 today

oil deal , sentiment , divi - upgrades - this is 350 before april

[sawadee3] 08/12/2016 12:19

Still on for my £3.50 :-)

Happiest days of our lives chaps :-)

[wantmorethan24p] 08/12/2016 12:14

am short in this...

it cannot keep going up

its rise from 80p to 300p in no qik time.
its due a re trace.

[keifer derrin] 08/12/2016 12:00

interesting article....

Glencore Dealmaking King Returns With Wager on Oil and Putin



am currently up 113%....but still not going to sell and not sure at what price to get out at.......

although not a chartist no way am I going to bet against the current chart....

[brahmsnliszt] 08/12/2016 11:10

well said Kdr. added myself this morning.

[rackers1] 08/12/2016 09:46

indeed. bodes well plus a $1bln div paid in 2017 acc to Glas

[tsmith2] 08/12/2016 09:43

Agree..look like a cracking deal

[kdr246] 08/12/2016 09:09

This appears to be a great deal for Glencore. Eur 300mm equity commitment, non-recourse, for a significant stake & 220kbpd oil offtake for 5 years, and a deal with two key partners. Very shrewd; I would expect nothing less from the best in the business.

[losses] 08/12/2016 08:06

So over 8% stake for $500 mil... sounds like a cracking deal.

[keifer derrin] 08/12/2016 06:26

Glencore and Qatar buy $11.3bn stake in Russia's largest oil company