Eadwig
23 May 2017
Re: Raising the funny money! One has to assume it works in their favour, ultimately.
Eadwig
23 May 2017
Re: EV Boom (again) LKH,GLEN has started moving with copper price recently, now that it has such a large part of its revenues tied up with Cu, which I'd prefer it didn't, frankly. (I.e. more revenues balancing its Cu revenues). In fact its movements have been mirroring the Cu price far more accurately than ANTO's weird share price movements have.As a percentage of profit margin, ANTO will always be the biggest beneficiary of any Cu use.Games, "It's an awful lot of copper EW -- any idea how much lithium is needed?"Lithium amounts weren't mentioned, however, I expect this might be based on the Chinese government's possible decision to go with NMC battery technology as standard. Each of Manganese, Cobalt and Nickel. Ie. NO lithium. There is a very good article about Cobalt speculation here. The good part is running through the needs of various battery technologies. Bookmark it is my advice, I have a feeling its the sort of thing we might be checking quite often over the years - especially if we can get weight requirements like these from different sources.[link] many diagrams and graphs to copy and paste. sorry. Lithium still used in lots of other batteries, of course.
Rhigos
23 May 2017
Re: Raising the funny money! gamesinvestor,"Rio Tinto said it will use the Company's strong liquidity position to further reduce gross debt." They are not raising money they are buying bonds they have previously issued (debt) with cash. They will have had to pay coupons on bonds which they will no longer have to do when they buy them back.
gamesinvestor
22 May 2017
Raising the funny money! [link] this make sense, raising more money to pay down other money at I assume a higher rate?Games
Eadwig
20 May 2017
India Direct Two years ago, after Sam Walsh, the then CEO of RIO had made a speech basing RIO's medium-term prospects largely on India and the Indian economy. RIo were doing badly and looked to be going to do worse for a while, so I made a decision to withdraw from RIO and invest around the same amount in funds (approx 4% of my portfolio at the time) focussed on the Indian economy instead. Its almost exactly 2 years since I bought into the Indian funds, and I then withdrew from my RIO holdings as and when I could get a goodish price, but took losses of around 9%, I think. I did keep one tranche in RIO that I had had for years, and I eventually sold that at a loss too, but way above the price of the other tranches, which had been bought much lower.I did an update after a year, which I can't find, and here is update number 2 measured against RIO's performance over the same time. As the anniversary for this event was about 5 days ago, and it has been a volatile week, I've given RIO a generous valuation around the mid point of the week's prices.The funds have returned:Aberdeen Gbl Indian Equity R2 GBP (0PYNID) +40.69% (60% weighting)Kotak India Mid Cap A GBP (KAIAMI) +63.5% (40% weighting)RIO over the same 2 years: 15th May 2015 @2930p to 15th May 2017 @3080p (+150p + 277p div = +427p Total or 14.6% (100% weighting)RIO closed the week at 3167p, so we could be generous and give them that price, adding another 87p in returns. That would give a total of 514p in returns.or +17.5%.Either way, I'm pretty convinced I made the right decision here and these figures seem to prove it, despite the political volatility in India which has been reflected in stock prices to some extent.The one thing I definitely got wrong was the weightings of the funds. I went for safety with the larger weighting. I should have gone the other way. Who knows, when I report next year, it may look like a wise decision.
gamesinvestor
19 May 2017
Top pick Rio Tinto: RBC upgrades to Top Pick with a target price of 4400p.ambitious what?Games - maybe I should add to this? -- or maybe.......
LK Hyman
18 May 2017
Re: EV Boom (again) Games,"I assume Glencore will benefit most out of the trio BHP-RIO-GLEN?"I expect so. I have BHP-RIO-ANTO (combined 5.1% of wad) and expect that ANTO would do better than GLEN if copper demand surges as a result of EVs as ANTO is a virtually pure copper play.LKH at the LK Wash & Valet
gamesinvestor
18 May 2017
Re: EV Boom (again) EW -- I assume Glencore will benefit most out of the trio BHP-RIO-GLEN?Seems like a reasonable assumption as the growth seems inevitable -- Tesla has changed the whole game and everyone else is in catch up but desperate to put electric at the forefront of new sales.It's an awful lot of copper EW -- any idea how much lithium is needed?One thing to bear in mind though, is that the current battery technology will ultimately be superseded by newer technology (possibly lithium air or sumat) that requires less of all of these elements.Games -- holding BHP-RIO-GLEN (collectively at a modest 2% of my wad)
Eadwig
17 May 2017
EV Boom (again) This time Glencore CEO Ivan Glasberg is at it. This is a copy of something I posted on the GLEN board earlier:"Glasenberg says the rise of electric cars will significantly boost demand for minerals including copper and lithium in the coming decades.Electric vehicles require more copper wiring than standard internal combustion engines; for example, the battery in an electric car contains ~38 kg of copper, 11 kg of cobalt and 11 kg of nickel, and Glasenberg says those materials, along with maganese [sic - manganese they mean. GLEN produce all these metals, except lithium, which I hope they steer clear of- Eadwig], stand to benefit from more demand for electric cars.European sales of alternative fuel vehicles, which include fully electric cars and hybrid vehicles, jumped 36% Y/Y during Q1 to more than 235K."
II Editor
02 May 2017
NEW ARTICLE: Chart of the week: Why this blue-chip should rally from here "Has the Rio Tinto rally ended?I have been covering these shares since LSE:RIO:Rio Tinto made their lows late last year when I turned bullish. My latest coverage was on the 6th March when the shares had rallied to the £36 area from last year's ..."[link]
II Editor
02 May 2017
NEW ARTICLE: Chart of the week: Why this blue-chip should rally from here "Has the Rio Tinto rally ended?I have been covering these shares since LSE:RIO:Rio Tinto made their lows late last year when I turned bullish. My latest coverage was on the 6th March when the shares had rallied to the £36 area from last year's ..."[link]
LK Hyman
25 Apr 2017
Re: Goldman down on mining Games,Ever since the giant vampire squid predicted $200 oil when the price went to $100 I've viewed anything those GS guys say with intense scepticism.I've got 5.2% of my shrunken wad in miners (RIO, BLT, ANTO and S32) and I intend to leave it at that sort of level. Some exposure to vital raw materials seems a sensible thing to maintain.LKH on the flybridge
gamesinvestor
25 Apr 2017
Goldman down on mining [link]
II Editor
18 Apr 2017
NEW ARTICLE: UK election shock smashes FTSE 100 "While most of us were visiting family, the local garden centre, or getting away from it all, seems Prime Minister Theresa May spent Easter in high-level strategy meetings with cabinet colleagues. The upshot is a snap general election on 8 June, ..."[link]
gamesinvestor
03 Apr 2017
CEO Speaks [link] confident in :-1. Chinese Economy2. Restructuring of China's iron ore industry (move to quality)3. Strength of RIO's balance sheet.All sounds tickety boo doesn't it?Games - unless it turns out not to be of course -- he is a Frenchy after all, what? Oh you are going straight to hxll for that one!! [link]
