Yeah a typo on my part which I have corrected.
Good luck all 👍🏻 |
I'd like formal clarification and an apology. |
Suspect he means "bid" |
excuse me, what is "did talk" |
On the Bloomberg ticker it says AAL is the top takeover target in a recent survey.
I suspect consolidation in this sector this year and would be surprised if there was no bid talk here.
Good luck all 👍🏻 |
Bhp not bidding for AngloToo expensive |
Made tougher by this bit of news that I just pulled from the Mail online.
"Anglo American, however, edged down 0.5 per cent, or 12.5p, to 2535.5p after analysts at Citi downgraded its rating to 'neutral' from 'buy' and cut their price target to 2800p."
Good luck all 👍🏻 |
26 is not easy one to pass through |
Yes it was a piece of sloppy journalism. Here’s the RNS which confirms the granting of the mining license:
You need to be aware that Anglo explored these licenses themselves in the 1990s before they made a strategic withdrawal from Zambia. The CEO of ARCM is ex Anglo, and bought into the licenses when they became available again. Anglo subsequently entered into a JV with ARCM around 18 months ago so information from Anglo’s and Arc’s historic drilling has been paired with more recent exploration to provide the mineral resource estimate and feasibility study required by the Ministry. |
Skipper, my reading of that report is that they have a licence to start looking for copper.
Assuming that they find something commercially viable, it would take a further 10 to 15 years to develop the mine.
BHP are looking for something rather more immediate than that IMHO.
But, yes, it could give a shot in the arm for Arc Minerals which could certainly do with one! |
Some related news in this article:
The licensing criteria require mineral resource estimates to be provided but none have yet reached the market. My hunch is that Duncan Wanblad will want to get some news around this out if BHP come in with another bid and he is addressing the Mining Indaba on the 3rd February, so not long to wait for an update on all the copper assets imo and this could have a massive impact on Arc Minerals share price imo. |
Hopefully yesCould we be looking at 30.00 |
https://www.cnbc.com/2025/01/20/why-mega-merger-mania-is-coming-to-the-fore-in-the-mining-industry.html |
I think 3rd time lucky we are clear of 26 |
Is bid incoming |
Bhp not joining in the party today. Bid incoming |
aal is def going to get picked off but i dont think it comes before the de beers spin off. i think they will end up having to ipo it and for a much lower price than folks reckon today. thats whats holding off potential bidders, that value destruction. once that destruction is cemented into the aal price its then that multiple bidders will strike. |
Consolidation in the sector will come in my opinion and it would make sense for all that to start happening once Trump becomes President again and the whole tariff picture is made more clear.
Good luck all 👍🏻 |
posts overlapped |
This looks like a leaky ship, bid imminent I'd guess. |
Might this explain the recent rise through 2500 and possibly "encourage" BHP to return with a better offer this time?
"Mining giants plot £130bn mega-merger to ride net zero commodity boom
Rio Tinto and Glencore have held early stage talks about combining their businesses" |
We've been there twice since and hopefully 3rd time very soon we can go through it. |
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