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Be a Monarch of the Glen by Investing in a Share which may No longer Be a Stag at Bay

Published 63 days ago

Hello Share Swappers. This old punter is not a fan of mining shares. Apart from British Energy and the big British banks, mining has always been my biggest loser. Whereas, the related sector of oil has done me proud. Think BG and Dragon Oil, all big winners for ShareProphets members. But, nevertheless, my selection today is a big miner.

Glencore - imminent M&A splurge suggests you should go bye bye

Published 126 days ago

Who remembers the infamous zero pence share price target established by one 'teenage scribbler' broker on Glencore (GLEN) the thick end of a couple of years ago? Funnily enough, via a decent commodity marketing/trading business, a cute money raising and some decent tier 1 mining assets, Glencore shares did not trouble the scorers below even 50p and over the last 20 months have recovered back to levels seen four or five years back. Today's first half numbers continue that renaissance.

Fancy Supporting the Iron Lady of Switzerland? Have a Look at Glencore

Published 234 days ago

Hello Share Gallumpers. One of my longtime shares is Glencore (GLEN). Hitherto, it’s been a disaster for me. Though a boost in mining share in recent times is turning the corner for me.

More Support Rolls in for a Coppery Rally

Published 394 days ago

Hello Share Splodgers. My last modest piece reflected the view of smarter investor Wildrides that two copper miners might be worth a look. He bases that view on the rising price of copper which had been depressed for a long time.

Sell Glencore - too much future value now priced in!

Published 626 days ago

Like shares in many larger miners Glencore (GLEN) has enjoyed something of a recovery in recent months, and at times has been trading as high as 150% or so above the lows of 66p that it hit back in September.

SP Angel Morning Mining Note: 600 Group, Glencore, Metminco, Obtala, Kibo & Stellar Diamonds

Published 666 days ago

John Meyer of SP Angel this morning comments on 600 Group (SIXH), Glencore (GLEN), Metminco (MNC), Obtala Resources (OBT), Kibo Mining (KIBO) and Stellar Diamonds (STEL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

SP Angel Morning Mining note: Glencore, Anglo American & Rio Tinto

Published 672 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Anglo American (AAL) and Rio Tinto (RIO) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

SP Angel Morning Mining note: Glencore, Dalradian Resources, European Metals, Forte Energy and Solgold

Published 735 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Dalradian Resources (DALR), European Metals (EMH), Forte Energy (FTE) and Solgold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

Large cap mining speaks #2: Glencore shows the way

Published 735 days ago

I concluded Tuesday’s write-up on faded mining giant Anglo American (AAL) with the observation that it was currently uninvestable because the plan outlined lacked in detail and with debt a twice the market cap was half baked.  

Large cap mining speaks #1: Anglo American

Published 737 days ago

It is a big week for the FTSE-100’s large cap miners.  With the Bloomberg Commodity Index yesterday falling to its lowest level since June 1999 sentiment is – to choose a suitable mining metaphor – crushed.  Glencore (GLEN) hosts an investor update on Thursday, Rio Tinto (RIO) has announced new capex cuts ahead of an update from its important aluminium division later today whilst Anglo American (AAL) has updated the stock market this morning.

Horizonte Minerals a speculative buy as it develops its Brazilian plant

Published 762 days ago

Horizonte Minerals (HZM), the AIM-quoted nickel hopeful focused on Brazil, is drawing encouragement from progress with the rotary kiln pilot plant for its Araguia project in the country’s north-central Para state, holding an estimated resource of nearly 100 million tonnes with 1.33% and 1.21% nickel. The company, whose shares languish at 1.92p between a 12-month high of 3.88p and a 1.5p low, says its rotary kiln pilot plant campaign there has ‘produced high-grade ferronickel on a continuous and sustained basis’ and has ‘confirmed production of high-grade commercial ferronickel.’

Zak Mir's Great Request Show: Glencore, Plethora Solutions, Premier Oil

Published 763 days ago

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares of Glencore (GLEN), Plethora Solutions (PLE), Premier Oil (PMO) and offer some share price targets.

SP Angel Morning Mining Note: Anglo Pacific, BlueRock Diamonds, Glencore & Randgold Resources

Published 770 days ago

John Meyer of SP Angel this morning comments on Anglo Pacific Group (APF), BlueRock Diamonds (BRD), Glencore (GLEN) and Randgold Resources (RRS) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Glencore, Berkeley Energy, Gemfields, Savannah Resources & Vedanta

Published 771 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Berkeley Energy (BKY), Gemfields (GEM), Savannah Resources (SAV) & Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Chemring: ammunition for the cautious about the world

Published 779 days ago

The last time I wrote about Chemring (CHG) I noted the lack of questions on its conference call and noted that a lack of interest is generally good news for investors.  All eyes are on the defense company today though as it punches up an RNS shocker combining a sounds-almost-certain potential delay to an ammunitions contract with a right issue. Quelle surprise the shares have been slammed over 30%! 

SP Angel Morning Mining Note Glencore, Avalon Minerals, Caledonia Mining, Savannah Resources and Solgold

Published 794 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Avalon Minerals (AVI), Caledonia Mining (CMCL), Savannah Resources (SAV) and Solgold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining note: Vedanta, Glencore, Botswana Diamonds & Golden Saint

Published 797 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Botswana Diamonds (BOD), Golden Saint Resources (GSR) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Zak Mir's Bull Call Of The Day No.2: Highland Gold Mining: 70p Target At 2014 Price Channel Top

Published 800 days ago

It may be worth looking at the daily chart of Highland Gold Mining. Here it can be seen how there has already been a significant recovery for the share price from as long ago as November last year.

Zak Mir's Great Request Show: Aminex, Aquarius Platinum, Milestone Group

Published 801 days ago

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Aminex, Aquarius Platinum and Milestone Group setting share price targets for all three stocks

SP Angel Morning Mining Note: Central Asia Metals, Glencore, Kefi and Gemfields

Published 801 days ago

John Meyer of SP Angel this morning comments on Central Asia Metals (CAML), Glencore (GLEN), Kefi (KEFI) and Gemfields (GEM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Glencore, Goldstone Resources, Ormonde Mining, Paragon Diamonds, Rio Tino, Savannah Resources & Zanaga Resources

Published 806 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Goldstone Resources (GRL), Ormonde Mining (ORM), Paragon Diamonds (PRG), Rio Tinto (RIO), Savannah Resources (SAV), Tri-Star Resources (TSTR), Zanaga Resources (ZIOC) & ZincOx Resources (ZOX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Horizonte in $8m deal for Glencore nickel project

Published 808 days ago

Out-of-favour nickel hopeful Horizonte Minerals (HZM) has agreed to buy financially-strapped mining giant Glencore’s Araguia nickel project in north-central Brazil, near to its own Araguia venture, in a deal which chief executive officer Jeremy Martin says will create a combined operation able to produce 3,000 tonnes a year at a grade of 2% for the first 10 years. Backed by Canadian mining heavweight Teck Resources with a 38% stake, Horizonte, whose shares at 1.65p have fallen from 2006’s AIM float price of30p and a 12-month high of 5.12p, has agreed to pay $8 million (£5.3 million) in stages for the Glencore Araguia Project (GAP) in Brazil’s Para State.

Tom Winnifrith Bearcast 16 September - All My Christmases at once

Published 820 days ago

Jeremy Corbyn was right not to sing the Natonal Anthem and its a poor song anyway - that was my earlier podcast today which you can hear HERE. In terms of the markets it is all my Christmases at once - a chance to comment on friends including the greedy bastards who run Vislink (VLK), fraudster Rob Terry, Daniel Stewart (DAN), Imaginitik (IMTK), ValiRx (VAL), Motive TV (MTV) and also on SeaEnergy (SEA) and Avanti Communications (AVN). Then there is comment on the bad AGM result at Hotel Corp (HCP) - victory for the crony capitalist bastards on the board - all that is wrong about AIM. And I start with words of praise for my pal Jim Mellon noting events at Copper Development (CDC) and also at Glencore (GLEN) - is this a Burmah Castrol moment?

SP Angel Morning Mining Note: Amur Minerals, Galantas Gold, GB Minerals, Glencore, Hummingbird Resources, Paragon Diamonds and Tri-Star Resources

Published 820 days ago

John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Galantas Gold (GAL), GB Minerals (GBL), Glencore (GLEN), Hummingbird Resources (HUM), Paragon Diamonds (PRG) & Tri-Star Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Panic city at Glencore = mining sector opportunities

Published 820 days ago

Let’s review recent events at the self-styled mining giant Glencore (GLEN).  A month or so ago Glencore management gave a pretty clear view in its post results conference call that the balance sheet was strong enough not to raise money. Nine days ago bullied by panicky ‘key stakeholders’ (i.e. big institutional shareholders) the company announced a surprise range of initiatives as I noted here to strengthen their balance sheet. On the accompanying conference call the management noted cost cuts, mine mothballing and disposals were all way preferable to an equity money raising but that – once again – they would be sounding out the company’s ‘key stakeholders’ to gauge their views.

SP Angel Morning Mining Note: Asiamet Resources, Central Rand Gold, Condor Gold, Gem Diamonds, Glencore, International Ferro Metals, Metal Tiger, North River Resources, Petropavlovsk & Premier African Minerals

Published 821 days ago

John Meyer of SP Angel this morning comments on Asiamet (ARS), Central Rand Gold (CRND), Condor Gold (CNR), Gem Diamonds (GEMD), Glencore (GLEN), International Ferro Metals (IFL), Metal Tiger (MTR), North River Resources (NRRP), Petropavlovsk (POG) & Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Amur Minerals, Anglo Platinum, Condor Gold, Glencore, Kefi Minerals and Mineral IRL

Published 827 days ago

John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Anglo Platinum (AMS), Condor Gold (CNR), Gelncore (GLEN), Kefi Minerals (KEFI) and Minera IRL (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Berkeley Energy, Glencore, Hochschild, Lucara Diamonds, Rambler Metals

Published 828 days ago

John Meyer of SP Angel this morning comments on Berkeley Energy (BKY), Glencore (GLEN), Hochschild (HOC), Lucara Diamonds (LUC) and Rambler Metals (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Glencore’s non-surprising surprising money raising

Published 829 days ago

Well, well, well.  For me today’s number one most interesting UK regulatory news update was from Glencore (GLEN).  Just nineteen short days ago after listening to the management of the FTSE-100 mining/commodity trading company confirm their faith in their balance sheet and general corporate approach, Glencore have unveiled a range of initiatives including a US$2.5bn of new equity issuance, the suspension of the dividend for at least the next year and various asset sales and mothballing actions to slash US$10bn from their net debt pile.   Well I did warn at the above link that Glencore was ‘still too much of a full-on risk situation to get involved – and don’t believe that 9% dividend yield many data providers are highlighting at the moment…Enthusiasts for large cap mining investment should continue to prefer Randgold Resources (RRS)…or…BHP Billiton (BLT)…(companies) with a proper underpinned dividend and little debt’.  For the one-line summary this remains my view.

SP Angel Morning Mining Note: Aureus Mining, EMED Mining, Gemfields, Glencore, Kefi Minerals, Leed Resources, Minera IRL, Noricum Gold & Savannah Resources

Published 829 days ago

John Meyer of SP Angel this morning comments on Aureus Mining (AUE), EMED Mining (EMED), Gemfields (GEM), Glencore (GLEN), Kefi Minerals (KEFI), Leed Resources (LDP), Minera IRL (MIRL), Noricum Gold (NMG) and Savannah Resources (SAV) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Amur Minerals, African Potash, Glencore, Medusa Mining and Rambler Metals & Mining

Published 833 days ago

John Meyer of SP Angel this morning comments on Amur Minerals (AMC), African Potash (AFPO), Glencore (GLEN), Medusa Mining (MML) & Rambler Metals & Mining (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Top 5 FTSE100 Dividend Payers, which closed within 1% of a 52 week low

Published 837 days ago

Following yesterday's table of the top dividend payers among resource stocks in the FTSE100, below are the top five dividend paying shares whose share prices closed within 1% of a 52-week low on Friday. Qualifying stocks have a yield of >5%.

The best top dividend payers in mining and oil & gas

Published 837 days ago

The recent pullback in stocks has created some attractive fundamental plays among the largest resource stocks. Although commodity prices remain in the doldrums and the medium term outlook is bearish, share prices of the stocks below make the expected dividend yields look extremely generous.

BHP Billiton – 10 quid odd a share is just plain rude

Published 842 days ago

Who ever said that large cap equities could not be exciting?  A quick glance at the share price graph of the world’s largest miner BHP Billiton (BLT) shows that even a miner with lowest quartile production costs, rising volumes, low debt and a progressive high single digit dividend yield can still struggle against the might of negative investor sentiment towards the space. 

SP Angel Morning Mining Note: Glencore, Aureus Mining, FinnAust Mining, Orosur, Polyus Gold and Vast Resources

Published 847 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Aureus Mining (AUE), FinnAust Mining (FAM), Orosur (OMI), Polyus Gold (PGIL) and Vast Resources (VAST) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Glencore, Gem Diamonds, Hochschild Mining, Rambler Metals, Sirius Minerals and SolGold

Published 848 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Gem Diamonds (GEMD), Hochschild Mining (HOC), Rambler Metals (RMM), Sirius Minerals (SXX) and SolGold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Glencore – an update from the large cap mining sector coalface

Published 848 days ago

For the mining sector the last couple of years have been almost a perfect storm with its biggest customer China having a growth slowdown and strength in the US dollar further crimping demand.  Throw in too the lagged impact of new mines commissioned in more bullish times coming on stream the supply/demand balance has been dire.  And so shares in the sector have plunged.

SP Angel Morning Mining Note; Glencore, Lucara Diamonds & Mariana Resources

Published 849 days ago

John Meyer of SP Angel this morning comments on Glencore (GLEN), Lucara Diamonds (LUC) & Mariana Resources (MARL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Condor Gold, Dalradian Resources, Glencore, Kefi Minerals & Minera

Published 850 days ago

John Meyer of SP Angel this morning comments on Condor Gold (CNR), Dalradian Resources (DALR), Glencore (GLEN), Kefi Minerals (KEFI) and Minera (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SP Angel Morning Mining Note: Anglo Pacific, Caledonia Mining, Metminco, Glencore and International Ferro Metals

Published 854 days ago

John Meyer of SP Angel this morning comments on Anglo Pacific Group (APF), Caledonia Mining (CMCL), Metminco (MNC), Glencore (GLEN) and International Ferro Metals (IFL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

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