Anglo American Share Discussion Threads

[turvart] 30/5/2022 07:58

Going by the RSI 14 this is looking a sell from here, we will see as usual.

[kreature] 28/5/2022 16:55

Meanwhile, where is the Polyhalite ?

[turvart] 23/5/2022 17:16

Yeah I can believe it and like I said I feel AAL will go a lot more but I've been buying from 3660 down to 3202 and most of those buys were under 3400 so I'm happy with my profit. I'm building a decent position with PSN now as it's under valued and coming up at 16th June EX-div of which I can see 2400 on the cards so I'm basically just moving my money around, but yeah your right 4100 easy, more like 4600 by July.

[casket1] 23/5/2022 16:05

Hi Turvart,

Did you not see MY broker report, posted previously........ Recommending Buy to 4,100

:-)

[turvart] 23/5/2022 14:19

Just let the rest go now, I'm now flat on AAL, I still think there is a lot more left in AAL but I have had a good run.

Waiting for a retrace in coming trading sessions to hopefully buy back in.

[turvart] 20/5/2022 06:10

Nickel up 8% today, should give AAL a lift over 3500

[scorpione] 19/5/2022 18:19

Ram 3765 - Exactly right Welsheagle!!

[welsheagle] 19/5/2022 11:57

Any relevance to Anglo american, Ram 3765

[scorpione] 18/5/2022 13:16

Ram376 - ????????????????????

[ram376s] 18/5/2022 12:44

Holding ok .GDR 300 nurses to train with new test .Possible multibagger .

[the grumpy old men] 18/5/2022 07:21

Anglo American PLC on Wednesday reported an increase in diamond sales from its De Beers subsidiary for the fourth sales cycle of 2022.

The integrated mining company reported provisional sales of $604 million as at May 17, compared with $385 million in the fourth cycle of 2021. In the third cycle of 2022, which ran between March 28 and April 12, De Beers generated sales of $566 million.

There are 10 sales cycles each year.

"We saw the continuation of good demand for our rough diamonds during the fourth sales cycle of 2022, supported by strong consumer demand for diamond jewellery in the U.S. However, rough-diamond demand in the coming cycle will be affected as usual by the closure of many diamond polishing factories in India for the traditional May holidays," De Beers' Chief Executive Bruce Cleaver said.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

May 18, 2022 02:45 ET (06:45 GMT)

[turvart] 17/5/2022 11:16

I just let a few go @ 3466 that I got under £33, still holding a fair size, hopefully buy them back cheaper in a few trading sessions.

[waldron] 15/5/2022 09:27

Arc Minerals, Anglo American plan to form JV for Zambian copper-cobalt project



By NS Energy Staff Writer 13 May 2022

Anglo American will be entitled to get a 70% ownership in the JV by making an investment of up to $88.5m in the project and in Arc Minerals
mining-equipment-2-1628534 (3)

Arc Minerals intends to create a JV with Anglo American for its copper-cobalt project in Zambia. (Credit: swm/Freeimages)

Arc Minerals, a junior exploration company, has signed an agreement with an intention to form a joint venture (JV) for its copper-cobalt project in Zambia’s North-Western province with a subsidiary of Anglo American.

As per the proposed terms, Anglo American will be entitled to get a 70% ownership in the JV by making an investment of up to $88.5m. This includes cash consideration of up to $14.5m.

Arc Minerals will have a 30% stake in the joint venture after signing of the relevant documents.

The licences covering Arc Minerals’ copper-cobalt project are located in the Domes region of the Zambian copperbelt. They are located near First Quantum Minerals’ Sentinel and Kansanshi copper mines and Barrick Gold’s Lumwana mine.

Arc Minerals executive chairman Nick von Schirnding said: “This agreement represents a major turning point for Arc and follows many months of negotiations.

“I am delighted to be signing this agreement with Anglo American which will, upon execution and completion of the definitive agreements, result in the potential for significant investment by a reputable major mining company in the tenements in north west Zambia and a very exciting time ahead for us.”

Anglo American will acquire the JV stake in three phases. In the first phase, the company will have to fund exploration expenditures of $24m on or before the date that is 180 days after the third anniversary of the JV agreement.

The mining major should also make a cash payment of $14.5m to Arc Minerals in five tranches.

After the completion of phase 1, Anglo American will be able to acquire an additional stake of 9% in the JV by funding $20m to cover additional exploration expenditures. The payment has to be made within two years of the end of phase 1.

The company can acquire another 10% stake after the completion of phase 2 by funding $30m in the Zambian copper-cobalt project. The funding has to be made within two years of the end of phase 2.

According to Arc Minerals, the formation of the JV is subject to satisfactory due diligence, a restructuring of its assets, and negotiation and execution of definitive agreements.

It will also be contingent on approval by the relevant boards of directors, the required government and regulatory authorities, and other customary conditions, said the junior exploration company.

[florenceorbis] 12/5/2022 10:10

Rio Tinto
5,057 -5.60%



Bhp
2,495 -4.44%


Anglo American
3,173 -6.61%



Glencore
444.15 -6.69%

[philanderer] 12/5/2022 10:08

casket, add today's guess on to that total and divide by three and it almost comes to your number ;-)


Deutsche Bank cuts Anglo American price target to 3,900 (4,300) pence - 'buy'

[turvart] 11/5/2022 13:45

casket1,

I totally agree lol.

[philanderer] 10/5/2022 10:26

Goldman Sachs cuts Anglo American price target to 4,800 (5,100) pence - 'buy'

[turvart] 06/5/2022 08:12

I had another top up today @ 3460 having sold a few yesterday @ 3670, love trading AAL it moves so wild, it's what I would call "The new RIO".

[grupo guitarlumber] 04/5/2022 07:43

Anglo American: Liberum goes from buy to hold by targeting 3400 GBp.

[the count of monte_cristo] 04/5/2022 04:32

Looks like Anglo American are looking at Khoemacau in Botswana, would be a very good acquisition for AA IMHO.

[waldron] 03/5/2022 08:41

Anglo American PLC said Tuesday that Chilean regulators have rejected the environmental permit for its Los Bronces expansion project.

The mining group said that it expects to continue following the regulatory process in Chile, which includes potential to request a review by a Minister's Committee.

Shares at 0706 GMT were down 1.7% at 3,526 pence.

The Los Bronces integrated project aims to expand the current open pit by accessing a new underground section of the copper mine.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

May 03, 2022 03:32 ET (07:32 GMT)