Anglo American Share Discussion Threads

[cobourg1] 17/11/2024 17:04

Apparently Anglo have a market for Poly4. This comes on the back of the Chinese interest. All they need to do now is to produce the stuff, which seems to need a lot of money and is a long way away. It's still positive news though.

[cobourg1] 14/11/2024 16:17

Graeme Evans - Interactive Investor.

Glencore
GLEN
0.52%

Shares have also fallen by a double-digit percentage in the past month, leaving the mining giant close to its low point for this year at 373p.

This is part of an ongoing de-rating for shares after it paused top-up returns so it could focus on deleverage in the wake of buying the steelmaking coal business of Canada’s Teck Resources.

Shareholders are now wondering whether Glencore will bolster dividends alongside annual results in February or opt to pursue further growth through M&A, potentially involving a deal to buy the coal business of Anglo American
AAL.

(Or they could bid for the whole lot. Glencore don't mind operating in Africa and in many ways would be more acceptable to the South African authorities than BHP who have a poor reputation. Anglo have always looked to be a good fit to me. cobourg)


.

[vas007] 14/11/2024 09:34

We now just need to ride it out . Thanks, and good luck to all in the house of horror's.

[vas007] 14/11/2024 09:29

Thanks for the update ?

[tuftymatt] 14/11/2024 09:22

Hey VAS,

My take on things are the whole mining sector got spooked because of Trump / tariffs / the impact that will have for China.

2400 seemed a fair price pre last week but now it isn't so we have to ride it out. I think though from a new bid perspective it's a positive as with a dip in the price why not sniff around again with a long term view in mind.

Good luck all 👍🏻

[vas007] 14/11/2024 08:34

Tuffty, and interested parties, are there any way forward views on the current situation.?

[cobourg1] 13/11/2024 19:55

Bidders down to three.

[the skipper] 12/11/2024 15:20

Anglo has also applied for large scale mining licenses on two of the blocks held under the JV with ARCM in Zambia. Initially they were rejected owing to a misunderstanding at the Ministry but this RNS confirms that they are being rectified and reinstated:

There is also much speculation that they are buying into processing facilities at one of the mines nearby and I anticipate that yesterday’s meeting with the President and Mining Minister was to do with that, so I expect them to come out with a significant announcement about their return to Zambia shortly as part of their defence strategy. That should do a lot to improve sentiment in this stock imo.

[pcok] 12/11/2024 12:34

Thanks for the article. The Woodsmith development is massive for the local area. Some people on here do not seem to care about real people but this project will employ thousands of people for over a hundred years in an area that desperately needs quality jobs. It is also clearly a fantastic organic very low carbon resource ready to be exploited once the granted very large investment is completed.On a different note Anglo being listed on the FTSE is good for the country. Any takeover would likely absorb it onto a different exchange. We are losing too many companies this way and if the city is not providing the money it will have to come from somewhere else. I am a backer of current management and their plan to retain independence. I am also hopeful they will find a way to return Woodsmith to full development speed soon.

[cobourg1] 12/11/2024 10:02

Anglo American Plc : Barclays raises target price to 3000p from 2600p.

[cobourg1] 11/11/2024 18:59

www.thisisthecoast.co.uk (copy and paste into Google)

A bit of Woodsmith information sparked by the closure of the company's Scarborough office.

[cobourg1] 11/11/2024 14:54

Business Live South Africa, four days ago, the rest of the article is behind a paywall.


Duncan Wanblad is on the clock. Earlier this week, the Anglo American boss unveiled a R19bn deal to sell its one-third stake in Australian coal miner Jellinbah to joint shareholder Zashvin.

The deal is the latest small, but crucial, step by Wanblad to prove that his self-help measures to boost shareholder returns are more than just corporate lip service amid rumours — per the Financial Times — that BHP is weighing up how it might make a renewed bid for Anglo. ..

[juliemara] 04/11/2024 07:22

Another cog in place!

[tuftymatt] 02/11/2024 09:20

Yeah I think they are still interested too now.

I suspect some unofficial conversations will take place to see if it's worth making an approach again though. I know that's not how it should work but we all know that's how it does work. If the signs are good then in comes an offer which gets rejected. The second offer then comes in and gets accepted is how I would suspect it goes this time round.

Good luck all 👍🏻

[juliemara] 02/11/2024 08:34

“We made an approach to Anglo American earlier this year … we thought there was an opportunity here to create something unique and special, a bit of a sort of a ‘one plus one equals three’ opportunity.

“Unfortunately, Anglo American shareholders had a different view, and they thought there was more value in the plan that their management wanted to execute. And so they moved on. And quite frankly, so have we.”

There are two tell tale signs that he wasn't being entirely (or even slightly) candid: '...was an opportunity here' would have been '..was an opportunity there' if it was over, and any time someone says 'quite frankly' or 'to be honest' they're about to lie!

[tuftymatt] 01/11/2024 12:58

Paper talk now that BHP have left an offer on the table.
Let's see what next week brings and maybe adding at 2375 is worth a look if we get a pullback.

Good luck all 👍🏻

[theapiarist] 31/10/2024 10:09

Agreed, Julie.

"BHP Group Limited (BHP) notes the press reports of comments made by BHP in response to questions at its Annual General Meeting on 30 October 2024 regarding Anglo American plc (Anglo American).

BHP clarifies that these comments were not intended to be a statement to which Rule 2.8 of the UK City Code on Takeovers and Mergers (UK Code) applies, nor intended to carry any other consequences under the UK Code.

The UK Takeover Panel Executive has confirmed that the comments made will not be treated as a statement of intention not to make an offer in respect of Anglo American for the purposes of Rule 2.8 of the UK Code.

BHP remains bound by the Rule 2.8 restrictions set out in its announcement dated 29 May 2024 which apply for six months from the date of that announcement, subject to the reservations set out in that announcement."

No more or less than the bog standard Foreign Office response that they were obliged to issue.

To admit that the rumours have validity would be in breach of the UK City Code.

[tuftymatt] 31/10/2024 09:10

That did cross my mind when I saw the opening price today in a negative market. If we see a break and hold of 2480 I will be more confident though.

Good luck all 👍🏻

[juliemara] 31/10/2024 07:44

I don't believe it for one second! Negotiating ploy.

[tuftymatt] 30/10/2024 16:01

Glad I waited as the comment from the BHP CEO has really put the nail in the coffin when it comes to them bidding for AAL again.

Good luck all 👍🏻