Anglo American Share Discussion Threads

[ashwani01] 11/6/2024 09:41

Very nice. Relevance to this thread ?

[cobourg1] 07/6/2024 12:18

Also, "A mine is a hole in the ground with a liar standing by the side of it."

Mark Twain, who was very bitter about the mining industry since he and a friend prospecting in Nevada found a huge silver deposit. They then found that they hadn't filed the claim properly and were cheated out of it.

Not a lot of people know that! - Michael Caine.

[pcok] 07/6/2024 10:04

Sadly I am an ex Sirius holder and came to AA to follow Woodsmith and copper. I know that a mine is a hole in the ground into which you pour money (Twain) but the potential for an organic fertiliser asset with resources for over a century of production in a world crying out for more efficient and eco sensitive techniques is worth the short term cost. Isn't this what markets are for, to fund the capital requirements for long term investment and prolonged profit? In 50 years time investors will still be raking it in. Let's get it done!

[theapiarist] 06/6/2024 20:54

I lasted five minutes, Cobourg

A bunch of Aussies joshing it up imagining they're doing a XXXX ad didn't inspire much confidence in what might follow in the remaining 55 minutes.

Time for the shepherd's crook!

[cobourg1] 06/6/2024 16:37

Our intern Matt “Hobbsy” Hobbs has gone deep into the asset almost at the centre of the biggest mining M&A deal of the decade – Woodsmith. If you haven’t heard of it, we don’t blame you. This is a giant mining project currently under construction in the UK and it has been a giant plague within Anglo American’s portfolio.

Hobbsy unpacks the colourful history of the project and evaluates its prospects here in 2024. Spoiler, we aren’t awfully positive on its outlook despite US$5 billion being sunk to date

.........................................................................

Three scruffy, foul mouthed young Australian mining engineers who have a very high opinion of themselves and seem to believe they know everything without needing to go within 12,000 miles of the project, do a sneering hatchet job on Woodsmith.

I'm no fan of Woodsmith myself, in fact I don't think Anglo should ever have got involved in it, but I would prefer a more balanced and mature analysis from someone I could believe in. I think I wasted an hour of my life watching it, but feel free.

[bukowski750] 06/6/2024 13:08

Anyone see the money of mine podcast where they did a deep dive on Woodsmith? They weren't impressed to put it mildly !

[betman] 06/6/2024 12:38

Does anyone know which of the 4 big miners have the biggest exposure to Copper ? I am very bullish on copper price

[84stewart] 06/6/2024 06:24

Glencore would love AA. Copper but not at any price they stil have Teck to deal with which is a better option,may offer £25bln for whole company ot £15-£18 for copper alone which won’t please AA holders

[zam1] 05/6/2024 19:39

Not invested.Waiting for an entry point.Anglo missed the opportunity to sell to BHP.Now it has to sell assets BHP did not want.Looks as it is going to drop to £20 but may be not £15 like last time.I don't see another bid is coming any time soon for Anglo Glen has to complete the Teck coal deal before it can even consider another bid more likely Glen buy asset of interest that Anglo wants to get rid off.

[tuftymatt] 05/6/2024 18:48

Posted by sundial1 on the GLEN thread



Good luck all 👍🏻

[pander45] 05/6/2024 16:52

More offers coming here and the board deserve everything they get.

[spig69] 05/6/2024 15:03

Cobourg1, wise words. I really enjoyed trading Anglo when it was between £16 and £20 but it now seems difficult to see any upturn without a firm offer regardless of the managements comments regarding a standalone business producing better returns for shareholders. The dividend will be appreciated. I don't need to sell but there are better opportunities to be had with the funds available. I will wait and see and try not to cringe every time I see the latest share price!

[spig69] 05/6/2024 13:40

I do hope management have woken up and can deliver - very quickly - a suitable return to shareholders after rejecting BHP's offer. The share price is crashing (as are my pound notes wrapped up in this!) whilst BHP is now rising. A current return on today's price of about 8% is required. Personally I can't see it and am tempted to take my losses and go elsewhere. How long does one wait?

[pander45] 04/6/2024 17:11

If they don't we know what will happen, and so do they now. Every quid off it becomes a target again.

[cobourg1] 03/6/2024 16:46

Big buys after hours at more than the closing price.

Someone likes them apart from me.

[cobourg1] 01/6/2024 16:04

You are quite right, I was thinking of Antofagasta.