Bidders down to three. |
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. |
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. |
Anglo American Plc : Barclays raises target price to 3000p from 2600p. |
www.thisisthecoast.co.uk (copy and paste into Google)
A bit of Woodsmith information sparked by the closure of the company's Scarborough office. |
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. .. |
Another cog in place! |
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 👍🏻 |
“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! |
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 👍🏻 |
 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. |
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 👍🏻 |
I don't believe it for one second! Negotiating ploy. |
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 👍🏻 |
Looks like you may have to loosen your wallet any time soon, Tufty!
Here's hoping. |
Interesting to see the share price knocking on the door of the recent high that was triggered by the China stimulus news.
With everything having gone a bit flat on that front I am starting to wonder more and more about this recent tick up being bid connected. Who knows but I will add on a break and hold of 2480.
Good luck all 👍🏻 |
elephant in the room that no one wants to talk about is de beers. its worth what someone is willing to pay. they will struggle to find buyers for what i would call now a run off asset. i expect they will spin it off to shareholders who would do best to get rid on the first day of trade. nobody wants to talk about it but everyone knows. |
Yes I suspect the same too.
For sure when things went a bit nuts in China recently they would have spoken about this and when you add in the recent visit to SA there is bound to be talk of a new bid.
I think this is for sure on the radar of others too but right now there is no need to do anything. Early next year though and we may see something happen is what I think.
Good luck all 👍🏻 |
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