Glencore Share Discussion Threads

[alamaison] 22/8/2016 11:51

As I was losing patience with LEK I have send them an email.
See , bellow, the reply received this morning:

Hi,
The most recent release indicated Q3 for commercial production and first cargoes. This timeline is still intact.
We are making good progress on the ministerial consent front.
Photos may be available on the site after the start of commercial production.
Best Regards,
Lekoil

[swerves1] 22/8/2016 11:34

Poor prediction!

[woody888] 21/8/2016 22:14

195+ tomorrow

[tsmith2] 21/8/2016 21:30

With a credible plan to cut net debt to $17-18 billion by the end of 2016, investment bank UBS is confident in Glencore's (GLEN) management and have a 'buy' rating on the stock.Disposals of GRail for around $1 billion and its Vasilkovskoy gold mine for $1.5 billion should go through shortly, which will boost its cash pot from disposals to $5.7 billion. The fundamentals of the zinc and nickel markets have improved, although its exposure to thermal coal could be a sticking point.The miner will report a 6% slip in adjusted cash profit to $3.9 billion, with net clean income plunging by a third to $303 million, forecasts UBS analyst Myles Allsop. Debt reduction will be weighted to the second half, with levels only expected to fall only $1.2 billion.Upgrading its target price to 220p, the shares have double-digit upside from their current 197p price."We have a Buy rating on the stock as we believe management has a credible plan to materially cut net debt by end-17 which should drive a re-rating of the equity," adds Allsop.

[russell250] 20/8/2016 13:09

am still expecting a disposal update by Wednesday -need a good trading update then may see brokers upgrade forecast - roll on Wednesday get some clarity

[tsmith2] 20/8/2016 12:27

Free cash flow is likely to reach $3.6 billion in 2016, although this could jump $0.4 billion if commodity prices stay strong. Olsha pencils in $4.2-4.8 billion of free cash flow thereafter.It's what people aren't focussing on, that's massive cash generation!

[tsmith2] 18/8/2016 09:30

Kaz up 10% and that's a one trick pony..much broader commodities play, zinc, nickel, oil, copper..

[tsmith2] 18/8/2016 08:04

Into nickel into a big way

[bigbigdave] 18/8/2016 06:56

Top Chinese Nickel Producer Says Bull Market Just Beginning

[bigbigdave] 17/8/2016 07:19

EMR Capital Advisors Pty, a natural resources private equity firm, is in late-stage talks to acquire London-listed miner Glencore PLC's Cobar copper mine in Australia after other bidders dropped out of the process, Bloomberg reported citing people familiar with matter.
EMR Capital may pay about USD400 million for the mine, said the people, asking not to be identified as the details are private

[tsmith2] 17/8/2016 07:16

Some talk about disposal of a copper mine I think results may well see us move up a notch

[losses] 17/8/2016 07:12

Over 200 expected today.

[tines] 16/8/2016 12:31

Brave (or stupid) to short when glen are reporting next week 24 Aug - half year results.

[gxgxx] 16/8/2016 12:22

I don't think so.
Are you a shorter?
This share is good for £3+
Wait until their next statement and the dividend resumption.

Shorters Beware!

[sr2day] 16/8/2016 10:38

At 200p this is a compelling short,inititially to 178.

[celeritas] 12/8/2016 09:33

Well done russell.

[russell250] 11/8/2016 20:02

I don't mean the figures to seam larger than normal but I trade full time now with a preference to miners at present - I worked 15 hr days for 27 yeats before - this is more fun despite solitude

[russell250] 11/8/2016 20:00

this break through 195 was a technical resistance

with a disposal before year 1/2 yr results a 20% rise is possible


I sold Lloyds Barclays and hsbc today as went x dividend
approx. 750k and moved 600k into glencore 150k into cey

[value king] 11/8/2016 18:50

a one year high at the close?

[tsmith2] 11/8/2016 15:52

Surely must be becoming painful for shorts?

[tsmith2] 11/8/2016 11:50

What's the short position?

[tsmith2] 11/8/2016 11:42

Doing all right things, ahead of curve...its margins and cash flow Fortunately trading side generating heaps of cash

[russell250] 11/8/2016 11:05

zinc - reduced production a key strategy with increased price - almost monopoly - no1 supplier