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Glencore plc (GLEN.L)
LSE - LSE Delayed Price. Currency in GBp
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As of 9:29AM BST. Market open.
90 reactions on $GLEN.L conversation
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Does anyone understand why this stock is dropping sharply this week?
Bought this last year, went right down but back up. Hopefully world demand for cobalt goes up and with it the share price. Hoping 350 to 400 later this year.
I want in
I bought this last year... the highest price in past five years in the $11.00 range.... the price started dropping way before COVID. Even lower now... add to watch list and shop around.
Reddit will get us to $10 very soon
A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore Plc.
Kobold Metals has acquired rights to an area of about 1,000 square kilometers (386 square miles) -- roughly the size of New York City -- in northern Quebec, according to Chief Executive Officer Kurt House. It’s the first such foray by the company to become public.
San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a “Google Maps for the earth’s crust.” The company is betting it can find metals crucial to the electric-vehicle revolution, such as cobalt, that so far have eluded more traditionally-minded geologists.
Read: Algorithms Join Cobalt Hunt Backed by Gates, Bezos and Dalio
Started a position here. Seems quite undervalued at this price. Thank you justice department.
Glencore is such a behemoth. In examination of top 5 metal producers Glencore ranks in cobalt, silver, copper and nickel. It will take a lot to move this giant, but there is a lot of value here. I don't own for spikes or a quick buck. I have speculative mining plays. Then I have Glencore. Happy to see it moving some. But I don't worry too much about this top 10 of Forbes Fortune 500 and one of the only major commodity traders to be publicly available.
Why is no one talking about Glencore X Tesla pending deal???
The DOJ issue is unlikely to deliver clarity for some considerable time. The only facts we can consider is the levels of recent fines assuming wrong doing is established, and the extent to which current share price is already discounting a very negative scenario.
Glencore now trades at a discount of over 27% to its peak price levels, although delivering exceptional levels of dividends, and cash flow generation. Regular share buy backs is also increasing future EPS at these very low levels. On that basis it seems a medium term buying opportunity. Of course the majority prefers buying on strong upward price momentum and many are trapped having done just that. Patience will pay in due course, as traders will have taken the life boats by now.
The shift to green energy will boost copper consumption - which is good for copper and Glencore. Copper has and will continue to outperform oil. Glencore is the fourth largest copper producer. Stay long and strong.
The Glencore share price has fallen by 42% since the start of the year. Yes, investor sentiment towards the wider FTSE 100 mining sector may take time to improve from its current low levels. But the company’s performance could be relatively strong. As such, now could be an opportune moment to buy a slice of the business for the long run.
Colbolt price rising, that tide has to lift all boats, I'm looking back at the 2018 highs with optimism.
Why is this priced so low with all the assets they have?
shouldn't this move a bit more?
Have the people that actually have shares in this one been receiving the dividend payments and the amounts as listed on Yahoo. I'm interested in taking a position but want to verify.
Apple is looking to buy into cobalt and Glencore may see a significant boost.
Can anybody tell me why they haven't paid out the dividend?
What’s the expectations/ hope for glencore?
They're buying back shares instead of holding cash for the law suit. Must feel pretty strongly
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