Glencore (JSE: GLN) share price, discussion & sentiment

Come on touch 120 already

R123.86, below the line now

After reading the MD&A, the cobalt and nickel exposure is what's keeping me interested here. Yeah copper's soft right now and coal's a headwind but those two are going to matter when EV demand picks up again, and the balance sheet's clean enough that they can weather this. R125 is real resistance but below 120 I reckon it's actually a decent entry for a 2-3 year hold, assuming rand weakness helps their USD earnings.

algos hammering it below 125 again, classic

Morning all, coffee's on

@scandi_jse64 spot on mate, R125 is the line in the sand

waiting for a proper dip below 120, that's when i'm gobbling them up

Pulled the latest quarterly, balance sheet still solid ngl

@scandi_jse64 spot on, zinc's been dead weight for months now

Zinc caught a bid globally but GLN still stuck below R125, copper spot weak too. Balance sheet is solid but coal drag is real, thermal's not coming back like it used to hey.

Zinc's been weak and that's dragging GLN. Copper's okay but cobalt's the real question mark, depends on EV demand staying solid. Gets back above R125 and holds it, then we're cooking. Otherwise just waiting for China to sort itself out or a decent contract announcement.

GLN closed at R123.86, just shy of that R125 wall. Copper and nickel are getting beaten down globally, coal's not helping either. Dividends have been decent but the commodity cycle looks like it's rolling over, and that's the whole story really. Might be range-bound here for a while unless we get a China bounce.

Interesting numbers on the cash generation side. At R123.86 we're still sitting pretty cheap on FCF yield compared to where copper and zinc spot were mid-year, and management's been disciplined on capex while dividends keep flowing. Fwiw the cobalt exposure is the wildcard that keeps me interested here, especially if EV demand actually sticks. Worth noting though, thermal coal drag is real and that's not going away.

GLN closed at R123.86, sitting just below that R125 resistance. Copper and zinc exposure is solid right now with industrial demand holding up, and the cobalt play gives it some optionality. Gotta respect the dividend yield at these levels compared to other diversified miners. Watching if institutional buyers step in on any dip.

Glencore sitting pretty at R123.86, copper and nickel still holding up well globally. Compare that to some of the other diversifieds getting hammered on China slowdown fears, GLN's actually got decent dividends coming through. Long-term view hasn't changed, these commodity cycles always recover.

copper and cobalt bounce back nicely, zinc holding up. gln sitting at r123.86 and if it breaks r125 could be lekker momentum into year end. diversified across commodities so not completely beholden to one metal like some of these single play stocks. serious play for anyone with long term view on commodities cycle.

gln needs some springbok intensity, just smash through that r125 wall

Cobalt cycle turns, copper's still solid long term

R124.39, still got work to do at 125

R124.39 now, cobalt dragging it down