AngloGold Ashanti: Full 2024 ResultsHttps://thevault.exchange/?get_group_doc=143/1739957070-YearEnd2024Presentation.pdf |
OK could not find one - so for the first time ever I have started a thread re NYSE:AU |
Anglogold's results today are very good.
A large increase in the dividend to boot.
Has anyone started an Anglogold Ashanti board ? |
Anglogold shares have been allocated into II SIPP |
Useless amateurs? |
First Direct have told me I can't keep Anglogold shares in my ISA or ordinary account and that I either sell them or have them transferred into my name.Everything is good with AJ Bell !!!!!! |
II response is they are waiting for " their international custodian" to reconcile matters.Why they are weeks behind AJ no idea. |
Sorry in II isa. AJ account has the Anglo shares in it no problem. |
My Anglo shares have never appeared in AJ sipp. Awaiting reply. |
I've been told I can't keep my new shares in Anglogold in my First Direct (HSBC) ISA or investment account. AJ Bell do.Anyone know why this is |
I'm with dog walker think this will fly on centimen mine steal cash in bank And solar plant bringing bottom line production costs lower As long as gold price stays at this level or higher |
Well, good luck with it. I will be moving on to something with less Africa risk at the earliest opportunity. |
 Yes agreed, & that's why Anglo is 'cheaper' by various measures. How much weight an investor puts on different risk factors varies, along with relative company valuations.
If being in Africa is such a large risk then we wouldn't have invested here in Centamin, a one mine outfit in a country forming the north-east corner of the continent.(Technically Egypt seems to have its own classification as 'intercontinental' because it straddles...)
Looking at the very large gold companies, only Agnico-Eagle does not have significant operations in Africa. Agnico is, however, quite highly rated already which suggests risks of its own.
Newmont is very big in Ghana.
Barrick, on this Africa basis measure,is much riskier than Newmont though it hasn't prevented them from being second or third largest gold miner on the planet.
And AngloGoldAshanti is 4th or 5th largest.
I agree with you Arlington that NEM is a very good choice.
I happen to prefer Anglo, not least because it now owns Centamin & its expanding revenue. |
But not successfully diversified from Africa. Anything but. So still far riskier. |
Should be next week I expect |
Anyone know when we get the Anglo shares and cash |
And potentially yet another mouthful in a few months' time for Newmont, Anglogold being 67% in Tier 1 jurisdictions having sucessfully diversified out from S.Africa.
Or perhaps also a target for Barrick. . |
A steal plus maybe 250 million in the bank which will come in useful for Ashanti to pay down their debt And increase production with arguably the most modern mine site in the world with solar income which in Egypt is a no brainer Should fly as long as gold price holds at these levelsAnd their other mines fire on all cylinders |
PS AngloGold looking quite perky today - up 3%, celebrating its useful new acquisition maybe. |
Further to that, I do agree that Newmont would be a better bet, like AngloGold, to anything comparable available as a local listing.
The conversation simply started from 60127 where a foreign listing was viewed as a bit of a hassle. |
'You get what you pay for' to a large exyent I think,& Anglgold looks to be cheaper than Newmont is, & looks better technically....though admittedly not that great for either of them just now.
Personally I am massively overweight in Newmont , Newmont having bought out various other miners I have held, starting with Normandy in 2002. |
“My main point I suppose is that Anglogold, being large & developed, & spread about the place, is a better bet than the few comparable alternatives listed in London.”
Yes, but why wouldn’t you almost immediately swap your AngloGold shares for Newmont, which is arguably far more diversified and weighted towards safer jurisdictions? |
Is there an Anglo board here that all are moving to? |
Sotolo,
The purchase cost is what you paid for the cey shares. That acquisition cost is then prorated between the market value of the Anglo shares and the cash you received. Your capital gain is the cash you receive less the prorated original cost related to that sum. |
Sure,of course. Listings elsewhere could nevertheless be safer, though that's referring to a remote if current risk.
My main point I suppose is that Anglogold , being large & developed , & spread about the place, is a better bet than the few comparable alternatives listed in London. |
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