Author Topic: GlencoreXstrata - GLN  (Read 19904 times)

Moneypenny

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GlencoreXstrata - GLN
« on: November 14, 2013, 09:17:18 am »
Thought this one deserves its own topic. :P

Listed yesterday (13 Nov 2013) @ 5500c, ended -1.16% with volume of 34 794 950.


So far:

gcr waiting for 52xx to buy;
jaDEB & gcr saying GLN will only move into T40 next year March;
I'm thinking possible future takeover play for Anglo American.
« Last Edit: November 14, 2013, 09:21:23 am by Moneypenny »
Veni, vidi, vici

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #1 on: November 14, 2013, 10:18:52 am »
Got in at R53.95. yesterday

 
jaDEB

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jaDEB

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Re: GlencoreXstrata - GLN
« Reply #2 on: November 15, 2013, 08:22:26 am »
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.
jaDEB

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jaDEB

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Re: GlencoreXstrata - GLN
« Reply #3 on: November 15, 2013, 11:54:37 am »
The platinum investments it holds are not core to Glencore because they cannot be traded in bulk and allow Glencore to make money from arbitrage positions. Glencore will sell its nearly 25% stake in Lonmin, the world’s third-largest platinum miner, Mr Glasenberg said.

Asked about market speculation that Glencore could revive Xstrata’s failed bid for Anglo American, he said: "Would we look at a company that has a large amount of those other commodities we don’t trade like platinum, diamonds and gold? You can make your own assessment from that."

Anglo is the majority shareholder in Anglo American Platinum and De Beers.

 :TU:

jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #4 on: November 18, 2013, 09:43:29 am »
Please note that if it bugs some1 that I use shareforum to paste my news of my shares, + graphs, just let me know. I will stop.

Mining giant Glencore is donating $US2 million to help relief efforts after Typhoon Haiyan swept through the Philippines causing mass devastation.
 
Glencore chief executive officer Ivan Glasenberg said Typhoon Haiyan and its aftermath has had a devastating effect on communities in the Philippines.
 
“We have a long standing relationship with the Philippines and its people and hope that this donation will help all those involved with the relief effort in assisting local communities to recover from this catastrophic event,” he said.
 
“Our thoughts are with our employees, their families and all the communities that have been impacted by the typhoon.”
 
The donation was made through the PASAR Foundation which is affiliated with the company’s Pasar operations in the Philippines.
 
Glencore owns 78.2 per cent of Pasar, the sole copper smelter and refinery in the Philippines, with the remaining 21.8 per cent owned by local investors.
 
Located off the coast of the Leyte Islands, the company’s Pasar operations include a port used to ship product to Asian markets, an auxiliary sulphuric acid plant and a doré plant which produces an alloy of gold and silver.

 :TU:
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Moneypenny

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Re: GlencoreXstrata - GLN
« Reply #5 on: November 18, 2013, 12:18:25 pm »
Please note that if it bugs some1 that I use shareforum to paste my news of my shares, + graphs, just let me know. I will stop.

No pumpkin, you are suppose to do that, please continue.
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jaDEB

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Re: GlencoreXstrata - GLN
« Reply #6 on: November 18, 2013, 02:55:13 pm »
Just reprimanding GLN -  :wall:  :TU:  :frustrated: - Seems to work for Orca
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #7 on: November 19, 2013, 12:44:45 pm »
OK, OK, so Glenda tested the 200 SMA + the bottom range of the price band. But it does not mean much, as it is all dependant on the Rand / commodity prices.  :wall:
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Moonraker

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Re: GlencoreXstrata - GLN
« Reply #8 on: November 19, 2013, 03:04:02 pm »
Why JSE resources investors should eye Glencore

Diversification, baby, especially if combined with either AGL or BIL.

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #9 on: November 19, 2013, 04:11:01 pm »
 :TU: Thanks Mr Bond.
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #10 on: November 22, 2013, 08:50:18 am »
 ???
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #11 on: November 25, 2013, 08:47:56 am »
As per Moneypenny ...


Gold 1238$  :frustrated:, Crude 94$, Moon's F&G @ 69 'Greed'.

New lows for DRD, Goldfields, Glencore  :wall:  :wall:  :frustrated:, Tongaat, Harmony & new high JSE

Rand / USD 10.09 -

jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

gcr

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Re: GlencoreXstrata - GLN
« Reply #12 on: November 25, 2013, 09:08:46 am »
Well just back from holiday and see that my order for GLN was executed while away, but on Friday it dropped to just under R 51 so bought some more - now will wait over the next 3 years for the company to rationalise its holdings, change its structure, set its strategy and hopefully get handsome dividends and capital gains. May have to take the pain on Goldfields and switch the funds into GLN, though I still have a belief that GFI could do so much better if they reverse their BEE deal and chop Holland
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #13 on: November 25, 2013, 09:23:32 am »
Some info from website
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

jaDEB

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Re: GlencoreXstrata - GLN
« Reply #14 on: November 25, 2013, 09:25:07 am »
Mr Bond, this is for you, from our UUU days ...

Tokyo - The operator of Japan's wrecked nuclear plant and three Mitsubishi group firms plan to build a new type of energy-efficient coal-fired power plant in Fukushima, a source said on Saturday.
Tokyo Electric Power Company will tie up with Mitsubishi Heavy Industries, Mitsubishi and Mitsubishi Electric to build integrated gasification combined-cycle (IGCC) stations.
Mitsubishi group companies will have a majority stake in the new plants while cash-strapped Tepco will be in charge of running the facilities, which they plan to put online around 2020, the source said.
Tepco has been under pressure to introduce energy-efficient facilities as all of its nuclear power plants have been closed in the wake of the Fukushima disaster, with no immediate prospects of restarting any nuclear plants given public distrust.
Mitsubishi Heavy also aims to be a leading player in the new IGCC technology, which will increase power output by 20 percent from conventional coal power plants, using the same amount of fuel.
Three reactors suffered core meltdowns at the Fukushima Daiichi plant north of Tokyo after the March 2011 earthquake and tsunami that triggered explosions and forced the evacuation of 160 000 people from nearby towns and villages. - Reuters
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd