Glencore Share Discussion Threads

[foxy22] 12/1/2022 10:21

Finally we got 400OnwardsDid u see Glen completed cerron mine purchase and got in the end very good deal

[waldron] 12/1/2022 09:23

Glencore has completed the purchase of Cerrejón from BHP and Anglo American, giving it full ownership of the Colombian coal mine. Thanks to a rise in coal prices, the terms of the deal were sweeter than the commodities giant had anticipated.

Previously, the three miners each had a one-third interest in Cerrejón. Glencore agreed to buy out BHP and Anglo last June, paying $588 million in total. At the time, Glencore said cash generated by Cerrejón before the deal completed would reduce the effective price to $230 million.

But coal mines minted money last year when prices shot up and Cerrejón had cash in the bank. "We basically got it for free," a person familiar with Glencore's thinking said.

[waldron] 11/1/2022 16:01

Glencore completes buyout of Cerrejon coal mine from Anglo and BHP

[arja] 07/1/2022 10:06

hit the chart resistance of about 397 which might be hard to breach decisively as market awaits the figures from USA at 1.30pm.

[dexter1612] 06/1/2022 11:01

Interesting link....thanks.

[0x3f] 06/1/2022 10:08

Excellent in depth Glencore discussion here (starts 20min in without voice filter). Well worth listening to:



-0x3F

[dexter1612] 06/1/2022 10:02

I'm thinking 450 to 470 within the year seems possible.

[cheshire pete] 06/1/2022 08:21

Thanks for your thoughts Dexter and foxy. From recent interviews on ii with John Meyer and Mark Slater, similar comments.

[foxy22] 06/1/2022 07:05

How high do u think it could goTend to agree re glencore with most upsideBut the us court case could come to haunt

[cheshire pete] 05/1/2022 21:14

A2584728: Are you still in AAL? We exchanged posts a while back. Hold GLEN, AAL, RIO, BHP and have given up trying to decide which to add to as arguments in favour of each. Content not to overthink and enjoy the ride on the inflation train / green revolution.

[a2584728] 05/1/2022 15:31

Needs to close over 398p for us to break out

[a2584728] 05/1/2022 10:25

Can't decide which way to go.

[mo123] 05/1/2022 09:28

GS price of copper further out.

[a2584728] 04/1/2022 19:28

We should hopefully see the price through 408p and then who knows where we will get to.

[foxy22] 04/1/2022 16:48

WaldronExcellent observationFinally breaking outIt took enough years....and departure of glassenberg!

[waldron] 04/1/2022 14:44

Norfolk Enchance
4 Jan '22 - 14:41 - 3446 of 3447
0 0 0
Market screener currently more bullish

Now down to cutting through the resistence

almost there

[waldron] 04/1/2022 14:41

[United Kingdom] GLENCORE PLC (GLEN)

Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/04 09:40:43 am

388.27 GBX +3.55%

[norfolk enchance] 04/1/2022 14:41

Market screener currently more bullish

[waldron] 04/1/2022 14:39

Seems to have a bearish view too

[waldron] 04/1/2022 14:33

They seem to be betting that it cannot break convincingly thru the 392.40p Resistence

[waldron] 04/1/2022 14:27

Norfolk Enchance
4 Jan '22 - 14:12 - 3442 of 3442
0 0 0
Laughing at british bulls predictions...

[norfolk enchance] 04/1/2022 14:12

Laughing at british bulls predictions...https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=GLEN.L

[gxgxx] 04/1/2022 12:31

£4.08 AND THEN +£5+...........!!!

[a2584728] 04/1/2022 10:22

Don't see this as an issue, will be dealt with easily

[action] 02/1/2022 12:12

Cloud on horizon is SFO investigation. No news on that front for atleast 2 years. Ppl have forgotten about it .