Glencore Share Discussion Threads

[sundial1] 17/5/2024 04:42

Bouncing at 5

[action] 16/5/2024 22:36

Will glen reach 500p+ tomorrow..

[action] 16/5/2024 22:10

As per CNBC Copper shortage will intensity going forward due EV revolution and lack of new copper mines coming online. No wonder there is bidding war for Anglo for copper mines.

[tuftymatt] 16/5/2024 11:17

Would all come down to who else shows an interest in it.

Good to see the rise happening once again and GLEN starting with 49

Good luck all 👍🏻

[action] 16/5/2024 09:54

Will Glen overpay for Coal?

[action] 16/5/2024 09:53

Sorry potion expiry tomorrow

[tuftymatt] 16/5/2024 07:28

Talk of GLEN picking up some of AAL spin off's if AAL holds off the takeover approach from BHP. That could be the reason behind the small pullback yesterday afternoon.

Thanks to Philanderer for the below:

Anglo American is eyeing the quick sale of its coking coal business as it seeks to convince investors its radical shake-up is working.

The London-listed mining giant, which has turned down two bids from BHP worth £31billion and £34billion, this week unveiled plans to break up the company to fend off takeover interest.

The Mail understands it believes it will strike a deal to sell the coking coal arm for up to £4.75billion, having already received interest.

Glencore is said to be a potential buyer. Bosses hope a rapid sale will convince shareholders they are the right people to take Anglo forward amid interest from BHP.

It also plans to spin off its diamond business De Beers – possibly via a stock market listing in London – and its South African platinum arm.

Daily Mail

Good luck all 👍🏻

[action] 15/5/2024 21:47

Ps option expiry for stocks tomorrow

[action] 15/5/2024 21:44

Copper price gone up due to short hedge fund and Chinese traders are caught who are scrambling of copper delivery b4 contract expiry.

[tuftymatt] 15/5/2024 14:59

Yeah me neither.
It's had a few looks recently at 500 but can't break through yet. A small dip then another go maybe tomorrow hopefully.

Good luck all 👍🏻

[action] 15/5/2024 14:32

Such a drop. Wasn't expecting..

[action] 15/5/2024 09:03

It will as commodity is going up.

[tuftymatt] 15/5/2024 07:08

If this can get back to yielding north of 5% again it would really fly in my opinion.

Good luck all 👍🏻

[reallyrich] 15/5/2024 04:46

They produce over a million tons of copper these increases add so much to the bottom line. can do a special divi

[action] 14/5/2024 18:38

That is right Copper up Glen up as I seen in past

[the white house] 14/5/2024 17:27

Seller of 49m @ 496, looks similar to yesterdays trades, either holding things back or out of the way or both

[sundial1] 14/5/2024 16:44

Hope good news from the states starting from tomorrow reflecting Thursday.if so 500+

[noccer] 14/5/2024 15:52

$5 copper now, a new high. Glen moves more with copper than I think is rational, but they says its a good indicator for the whole metals sector.

[sundial1] 14/5/2024 15:14

i think Anglo price will drop.lot of resistance on the board.

[tuftymatt] 14/5/2024 14:36

While short term my AAL holding has taken a bit of a hit it's great to see GLEN moving in the opposite direction!!

Good luck all 👍🏻

[the white house] 14/5/2024 13:54

Copper up daily since the 30 April cautious 'unchanged' guidance, tho it was pushed up.

[bag158s] 14/5/2024 12:22

481.3 resistance is broken now it will head for north over 509

[sundial1] 12/5/2024 18:01

Action that's good.coal and copper prices as known much higher to pay going forward, talk of Rio kicking now with Anglo .it will take the heat off us helping share price.if it comes off Glen will cherry pick south African divisions off Anglo

[action] 12/5/2024 15:40

Accordi g to AJ Bell, Glen will be increasing divi going forward