Glencore Share Discussion Threads

[foxy22] 18/11/2018 10:23

They are sells!!!Enjoy rest of sundayI am travelling!!

[waldron] 18/11/2018 10:19

foxy22

will leave other more knowledgeable to explain

no doubt trades after LONDON CLOSE

ARE THEY SELLS WHICH WOULD INDICATE LIKELY OPENING PRICE

TAKE CARE AND ENJOY YOUR DAY

SPEAK TO YOU MONDAY

CHEERS FELLA OR IS IT GELLA

[foxy22] 18/11/2018 10:13

WaldronU posted correct share price closing for glrn snd rioMy question is why is glencore underperforming other mining sharesAltho i suppose because of headline risk

[waldron] 18/11/2018 10:02

I QUOTED FRIDAY CLOSE share price FROM ADVFN WHICH CORRESPONDS TO THAT QUOTED ON





FOXY


CHUCKLE, NOTHING IS ETCHED IN STONE,SO TAKE ANY FORECAST AS BEING AN INDICATOR

FIRST REAL INDICATOR AS TO share price MOVEMENT UP MIGHT COME AT TIME OF YEAR END RESULTS
early march 2019 AND DIVI ANNOUNCEMENT perhaps as it happens August 2019

[foxy22] 18/11/2018 09:56

Sorry it serms your forecasts only upside 2020 latter part!!! Uggh if true

[foxy22] 18/11/2018 09:51

Waldron very interesting not much upside for another year forecast...how reliable are these forecasts?only rise forecast in aug next year if i am correct

[waldron] 18/11/2018 09:48

BUYBACKS COMING ALONG SLOWLY BUT SURELY

USD 1.31 BILLION OF 2

2018/19 share buy-back programme

On 5 July 2018, Glencore plc commenced a share repurchase or buy-back programme of up to USD1 billion (the “Programme”) in the period to 31 December 2018. On 25 September 2018, Glencore plc further announced an increase in the size of the Programme by an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of dealings on 20 February 2019.

[foxy22] 18/11/2018 09:43

On friday u postedRio up 2.88%Glencore flat....Why

[waldron] 18/11/2018 09:34

Stuck in the 280 to 310p BOX

[foxy22] 18/11/2018 09:22

Thanks for postingI didnt know how to do the link

[la forge] 18/11/2018 09:20

SCANDALS AND POTENTIAL COURT CASES AND INVESTIGATIONS NOT HELPING

AT BEST THE SHARE BUYBACKS OFFER A LITTLE SUPPORT

[foxy22] 18/11/2018 09:03

Why are these buybacks not boosting its s/p

[foxy22] 18/11/2018 08:57

Deacon yes i have read midas article Please go to bloombergs and look at most recent piece on glencoreIts very very long and indepth Can u let me know what u think of it

[the deacon] 18/11/2018 08:49

MIDAS SHARE TIPS: Looking to unearth a copper-bottomed investment? Try the 'Millionaire Factory' Glencore. MIDAS VERDICT: Glencore (GLEN) was in a hole three years ago, but Glasenberg has listened to shareholders by cutting its enormous debt pile and whipping the company into shape. The shadow of a US investigation could hinder the shares, but with Brexit uncertainty hitting UK-focused stocks, it's a good time to buy shares in a company with no exposure to the UK economy. The canny Glasenberg might have his critics, but don't bet against him turning things around. With metals prices slowly recovering, the shares are worth a buy.

[foxy22] 18/11/2018 08:32

Not on level 2 on trades

[la forge] 18/11/2018 08:25

Certainly a risky share and might well have a negative spin in the coming weeks

Having said that the MIDAS TIP might give support
although the share price is now subject to investors propensity for risk


Not happy about the legal cases

I SHALL BE WATCHING share price MOVEMENTS

ANY SPIKE DOWN MIGHT BE A BUYING OPPORTUNITY


About to enter perhaps a quiet period until early march 2019 unless of course we have a santa claus rally
or substantial surprise news

take care and enjoy the coming weeks excitement

[foxy22] 18/11/2018 08:10

La forge wandered if u have read bloombergs latest piece on glencore and its congo connection.came out yesterdayInterested to know if this has a negative spin on glen and could have a material impact on s/p

[la forge] 18/11/2018 07:18

MIDAS VERDICT: Glencore was in a hole three years ago, but Glasenberg has listened to shareholders by cutting its enormous debt pile and whipping the company into shape. The shadow of a US investigation could hinder the shares, but with Brexit uncertainty hitting UK-focused stocks, it’s a good time to buy shares in a company with no exposure to the UK economy. The canny Glasenberg might have his critics, but don’t bet against him turning things around. With metals prices slowly recovering, the shares are worth a buy.

[la forge] 17/11/2018 17:23

Josh White
WebFG News
14 Nov, 2018 12:25
African Battery upbeat on Cameroon, disappointed in the Congo
coins currency investment insurance business finance company
Business and financePexels
African Battery Metals
2.00
16:19 16/11/18
0.00%
0.00

Exploration company African Battery Metals updated the market on its exploration activities in Cameroon and the Democratic Republic of the Congo on Wednesday, reporting that it had now started exploration work on the licences in Cameroon, which were acquired as part of the purchase of Cobalt Blue Holdings.
FTSE AIM All-Share
958.31
16:30 16/11/18
-0.96%
-9.28

The AIM-traded firm said those licences were close to, and in part contiguous with, the Nkamouna cobalt-nickel-manganese project which was historically majority-owned by Geovic Mining Corporation.

It said Nkamouna hosted “one of the world's largest” undeveloped cobalt resource outside the Democratic Republic of the Congo.

African Battery had also acquired key geophysical data, which it said would help identify the source of cobalt-nickel mineralisation observed in the region of the Cameroon licences.

It had also commissioned a desktop report and site visit to the Cameroon licences by Sahara Natural Resources, which it described as a “highly qualified” independent group specialist in African exploration.

The company said it had identified a series of targets on its Cameroon licences for follow-up work, which exhibited the same geological signature displayed by the cobalt-nickel licences historically held by Geovic.

In the Democratic Republic of the Congo, the company said it had received assay results from the auger programme on its part-owned Kisinka licence, which provided “minimal evidence” of cobalt or copper mineralisation.

“I am very excited by the opportunity we have acquired in Cameroon,” said African Battery Minerals chief executive officer Roger Murphy.

“We know from Geovic's past exploration work at Nkamouna, that this area hosts one of the world's largest non-DRC cobalt resources, and that we are in 'elephant country' for cobalt and nickel.

“We believe we understand why the mineralisation is where it is in the licences historically held by Geovic and, as the charts in this release show, we have similar areas within ABM's Cameroon licences.”

Murphy said he “looked forward” to implementing an exploration programme, which he believed should confirm the presence of cobalt and nickel on the Cameroon licences.

“At the same time, I'm disappointed that our work so far on Kisinka in the DRC has not yet provided significant evidence of cobalt or copper mineralisation.

“However, Kisinka is a large licence area in the right area on mapped Roan geology, with large copper-cobalt mines nearby.”

Murphy said the company’s work to date had only covered a “small fraction” of the licence so it therefore could not rule anything out yet.

“We will assess our next steps on Kisinka relative to those for our licences in Ivory Coast and Cameroon.”

[fernandesb] 17/11/2018 12:31

Dremel you are spot on, wish others had the common sense to see things from your point of view.Every years we remember the fallen in 2 world wars,they must be turning in their graves at what is going on in the uk today,Knife crime,all the Criminals targeting the Elderly,Financial Fraud,where Pensioners are robbed of their life savings,Drug Mafia operating from Eastern Europe,Young girls being "Groomed" by Asian Gangs,money and benefits handed over to people who have never worked and contributed to the National "Pot" and the list goes on

[maywillow] 17/11/2018 10:55

Star Business Journal

Congo lifts export ban on Glencore’s copper and cobalt unit
By William ClowesBloomberg
Thomas Biesheuvel
Fri., Nov. 16, 2018

A Glencore Plc unit in the Democratic Republic of Congo had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country.

“They submitted a request,” Jean Baptiste Nkongolo Kabila, director general of Congo’s custom’s agency, said Thursday by phone. “I have taken the decision to temporarily lift the suspension measures.”
An open pit excavation at the Mutanda copper-cobalt mine in Mutanda, Katanga province, Democratic Republic of Congo.
An open pit excavation at the Mutanda copper-cobalt mine in Mutanda, Katanga province, Democratic Republic of Congo. (Simon Dawson / Bloomberg file photo)

Katanga Mining Ltd., which is controlled by Glencore, said in a statement earlier Thursday it had been blocked on Nov.9 from exporting copper and cobalt from Congo over a dispute around payments on copper that was never actually mined years ago. The Congo government is asking for $129.8 million (U.S.) to settle the dispute, a number rejected by Katanga.

Katanga Mining and its Kamoto copper and cobalt mine is one of Glencore’s most important growth projects. It restarted production in December after a two-year hiatus during which it invested in new processing facilities. It had expected to produce as much as 300,000 metric tons of copper and 34,000 tons of cobalt in 2019, which would make it Congo’s largest copper project and the world’s biggest source of cobalt.

Uranium Detected

Last week, Katanga halted sales of cobalt after detecting levels of uranium in supplies above those allowed for export. While it doesn’t plan to resume exports until the second half of next year, it will continue to mine and stockpile cobalt. Katanga’s junior partner at Kamoto, state-owned Gecamines, said Wednesday it wasn’t informed of the decision to stop cobalt sales.

The order from the custom’s agency to stop all imports and exports was Glencore’s latest challenge in Congo in 2018. Earlier this year, it agreed to a $5.6 billion debt-to-equity swap at Katanga, effectively reducing the debt load of the subsidiary which Glencore co-owns with Gecamines. That deal also included a one-time payment of $150 million to Gecamines that raised concerns with some investors and non-governmental organizations.

A spokesman for Glencore declined to comment.

Katanga rose after the news that the ban would be lifted, climbing as much as 18 per cent, after earlier falling the same amount. The shares were up 2.3 per cent as of 2:09 p.m. in Toronto.