Glencore

Red Flags: Four Swing Factors for Glencore’s Stock

Red Flags: Four Swing Factors for Glencore’s Stock

3 mins. to read

Glencore’s share price has more than doubled since hitting lows of 67p at the end of last month. The strength of the rebound has all the hallmarks of a short squeeze, when hedge funds who have been selling the stock, including Lansdowne Partners in London and Passport Capital in San Francisco, are forced to reverse…

Exclusive: Glencore Working on Privatisation

Exclusive: Glencore Working on Privatisation

2 mins. to read

Glencore’s senior management is planning to privatise the business, Master Investor understands, based on exchanges with high-level sources involved. The move comes only 4 years after its listing for $59bn in May 2011 and after a collapse in the company’s share price in recent months, on worsening trade figures from China. “We were never long…

The Evil Diaries: “Stay clear” of Glencore

The Evil Diaries: “Stay clear” of Glencore

1 mins. to read

I do not know what is going on at Glencore (GLEN). But it is not good. Steer clear. The CEO of HSS (HSS) departed last Friday. Hereon the share price should go down. This morning’s rise is a selling opportunity. And APR Energy (APR) approaches its 30th September date with destiny. This is a golden…

China Tanking; Yours for 99p

China Tanking; Yours for 99p

1 mins. to read

Shares in Glencore rattled below £1.00 in trading this morning, amid a fierce sell-off in London that sent the FTSE 100 below the 6,000 mark for the second time this year. Glencore touched 99p for the first time since the company listed at £5.30 in 2011, whilst Rio, BHP and Anglo American are all falling…

Fraught Mining Asset Sales Are Creating Opportunities

Fraught Mining Asset Sales Are Creating Opportunities

5 mins. to read

Fraught Mining Asset Sales Are Creating Opportunities $10 billion. $25 billion. The cash that analysts expected Rio Tinto and BHP Billiton to raise from asset sales just two years ago was being counted in the tens of billions. But it has not quite panned out that way. Caught between plunging commodity prices and a small…

The Evil Diaries: “Not much subtlety there”

The Evil Diaries: “Not much subtlety there”

1 mins. to read

Glencore (GLEN) may have raised £1.6bn at 125p thus inducing the market to judge that 125p is a floor. I doubt it. Ocado (OCDO), 317p, shows no sign of getting anywhere near justifying its current capitalisation. For a long time the price was held up by the notion that Amazon would bid. But it was…

Glencore in Talks over South American Copper Mines

Glencore in Talks over South American Copper Mines

4 mins. to read

Exclusive: Glencore in Talks over South American Copper Mines Glencore is in talks with Silver Wheaton and Franco-Nevada over gold and silver streaming deals on three of its copper mines in South America, according to high level sources directly involved in the process. Negotiations are currently focused on Glencore’s Antamina and Antapaccay copper mines in…

Hold Your Hats! Copper & Nickel to Resume Downward Slide

Hold Your Hats! Copper & Nickel to Resume Downward Slide

2 mins. to read

In a fascinating new study of metal prices on the London Metal Exchange, data compiled by Sanford Bernstein analyst Paul Gait suggests that base metals follow an almost boringly predictable seasonal pattern. Gait, who has become best known for his perma-bull stance on copper giant Glencore, has compiled metal price movements for every month and…

China’s One Billion Tonne Question

China’s One Billion Tonne Question

3 mins. to read

The billion tonne question is raging. China’s tumult has been well publicised in recent weeks, but for coking coal and seaborne iron ore, the key question remains: will Chinese steel output ever trip through 1 billion tonnes per annum. If it does, continued output expansion by mining companies is arguably justified. But if it doesn’t,…

Tyrone: A Ghostly Reminder of a Punishing Cycle

Tyrone: A Ghostly Reminder of a Punishing Cycle

5 mins. to read

On the southern border of the United States, a string of elaborate buildings sit faded by the sun. Built in a grand European style, the stone facades of an opera house, courtroom and general store are in a grim, crumbling condition. Only the fierce heat has stopped the town’s sun-beaten streets becoming totally overgrown. Tyrone…

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