Well rogue lets just hope that, like Nellie, this particular elephant packs her trunk and says goodbye to the circus! |
good step but the elephant in the room is de beers. once that is gone and a low price may surprise some people, it should put a floor under the shares regardless. but shifting de beers at the price they want/mkt expecting is going to be a big ask imo. |
Indeed, tufty. One step closer to becoming the company that BHP want to acquire. |
Another step in the right direction following todays release.
Good luck all 👍🏻 |
UBS comment (from Twitter). |
red
One day it will certainly go into production.
The questions are, when, at what cost and the %, if any, that Anglo still own.
Maybe Anglo, having been taken over, won't exist at that time.
But it's too valuable a resource not to be exploited and as such it has value.
Unless "Rachel from accounts" bankrupts us all first! |
The none-mine in the north east is a long way away from production!
No point speculating. It may never be a mine.
red |
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. |
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)
. |
We now just need to ride it out . Thanks, and good luck to all in the house of horror's. |
Thanks for the update ? |
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 👍🏻 |
Tuffty, and interested parties, are there any way forward views on the current situation.? |
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! |
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