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If AA's price wasn't down it wouldn't be a take over target. Obvioulsy BHP are seeing a lot of value that can be added. its a massive mining deal. The BHP bid could start a massive way of consolidation in the mining/copper sector. We all know Copper is going to go up.
My post was more of a joke rather than 'rampy about AA being bought out' - lighten up.
Here’s the issue with the board, it’s all rampy about AA being bought out and AA share price is now considered worthy to comment on, yet it had dropped almost 50% from the previous 12 months highs and there was nothing said in here.
At the moment it’s about 35% down from what it was last January , but for some reason the people here don’t want to talk about that. That’s why the credibility is shot.
Google "Anglo American shares surge after BHP proposes £31.1bn takeover to create copper mining giant – business live" for the Guardian's take on the possible deal.
"Anglo’s exposure to copper compared to other listed miners is core area of BHP’s focus, as it looks to benefit from the material as the energy transition gathers pace."
Maybe they want to make a move on Anglo early because they know they've formed a partnership in Zambia that's going to be worth multiple billions in the not too distant future...
One can hope!
Most important Jarvis is a) what your charts show an b) what are ARCM up on this earth shattering news?
Not so sure if that is positive news.....of course it's very early days but with giant BHP hands in so many bigger projects I am not sure how much interest they will have in ours.....
Anglo up 12%
They want to divest iron and platinum assets and concentrate on copper. So we should remain central to their future strategy.
From the FT: The world’s largest mining company is seeking to buy Anglo, which has a market capitalisation of £29bn, to expand its portfolio of copper mines, according to people familiar with the matter.
Another hurdle to get over, its going to be a long long wait now.
Fab news and congratulations to those that bought ARCM at recent "depressed" levels you now will indeed be on the first rung of the ladder to making your fortunes.
Predictions at cob today?? Im going for a highly impressive 1.6p on the bid.
Well done all xx
BHP proposes takeover of Anglo American in mining mega-deal
Combination would bring together two of the industry’s largest companies and comes as copper demand soars
https://www.ft.com/content/9141eee7-825a-41d7-913d-49e8c12e76db
ANGLO AMERICAN CONFIRMS IT GOT NON-BINDING OFFER FROM BHP.
noyesco you offered 3 people out for a fight and then transitioned from a squaddie to a **** poor afghan goat herder with a rusty ak ??
I rest my case.
Notesco you utter fruit loop you threatened to beat the board up at the weekend, have a word with yourself tou west hating rusty aka toting goat humping fool ;).
You are spoiling the board Simon, 2 genuine long term holders have already told you’d top engaging and 2 have commented on your mental health.
Luckily notesco you don't lie atall we know you are a west hating bare knuckle boxing, rusty ak holding, dad's army fighting, medical company owning leg end xx
Some people lie about careers, some lie about speaking to nick and being told “no raise”……
Feel free to answer the questions I posed you 2 days ago soft lad, its never too late to prove your not an utter thicky;)
And once again boys and gals you can get these here fantastic shares at a lower price than yesterday.
Who are these absolute idiots selling in batches of 500k shares sub 1.7p over the past few weeks?
Anyhow the Swedes will be out soon and all will be good.
Anyhow anyone heard owt from NVS or good old Truffles the Oracle??
Peggy I'm most assured there will be, the wheels came off the clown car notesco completely lost his sh.1.t and TNR has had to admit he's a bit thick, so much info incoming it's giving me a warm feeling. Probably similar to you when the ole tena pad overflows ;).
Oh No Piggy "a happy ending" ? Could I ask how long has the Dr given you ?
Roll Up Roll Up, there's going to be a happy ending.