BUY @279.xp I can't see the Cu price dropping much further, and GLEN is being hit in percentage terms as much as pure Cu miners, which seems overdone to me.Cu currently @252/lb, which is the low end of its recent range going back to November last year when Cu finally rose out of the range it had traded in at multi-year lows.
Smaller Asset Sales? Glencore has hired the Bank of Nova Scotia to sell a portfolio of royalties, including a royalty on the Antamina copper-zinc mine in Peru, Reuters reports.The Antamina royalty makes up most of the value of the package and could fetch as much as $250M, and the portfolio includes several much smaller royalties on other mines and exploration assets Glencore owns around the world, according to the report.It is not clear whether Glencore would sell 100% of the royalties or retain a stake in them.
Re: Chart update - question Copper down 7 cents a pound today, and still dropping - FED interest rate decision after the market closes tonight....
Re: Chart update - question onewayticket,I have @280p limit order set and have had for a while. I'm currently fighting the urge to move it up to @285p. 285p X 1.05 = 299.25p. Surely 5% just waiting to be snapped up ...
Re: Chart update - question I'm liking the retrace for a re-entry but its hard to guauge just exactly when.Its normally good for a buy sub £3.00 but its now sub £2.90Pondering and watchingOwn due diligence
Blimey this forum thingy is not so easy. Here goes. Go to London for an old mates reunion (yesterday). Wake up this morning see the price at 331. Get your wife to drive you home down the 303. Slump in the sofa at 14:30. Price 317. Put in 12000. Wake up on the sofa at 170, price 326. Fantastic. Its easy.
As I was saying, thank you for the congratulations, this is how you do it.
This share thingy is easy for an old north sea diver.
someone at moodys are short in commodity equitys for sure, jokers
Maxoscar...Please do
Maxoscar1 - As you are the Glencore Guru , how low do you think the price will go
Maxoscar1 - By the bitterness of Maxs post I suggest he is losing fortunes
Shorters or no shorters its a market price. Its dillousional to believe the share price should all of sudden Rocket up
MAx just bore off why do you think we care what you think?
lets be honest none of us know and we are treating it as a 'Casino' share not a proper investment