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I've been critical of this share since this the deal was signed a year ago - the deal that was supposed to finallise everything, but didn't.
Paradoxically I must say that today's news on Anglo is - for me - the best news there's been since then. I feel marginally more optimistic, despite yet another s/p fall.
There was talk a while back that Glencore were in the frame for a takeover. So might there be a bidding war? And if so, might the winner use the spare change to mop up the small fry?
The best outcome for Arc is surely a complete sale. Does this bid make it more likely? I think, yes. At the very least it puts a spotlight on major copper producers and the worldwide squeeze on deposits.
Another possibility is that a midtier supplier might wish to attach itself to the coattails of a major, whether BHP, Glencore or some other, by buying the 30% share (or, more accurately, the 66% of 30%).
If any of this happens, a takeout price would be nowhere near as high as we could have got years ago when the Exclusivity Agreement was signed - thanks, Schirnding.
But we must be thankful for small mercies which may come our way.
How absolutely spiffing.
anyhow forgetting all the bu11**** and bravado, back to the only thing that matters eh??
lantier crack the champers coz they are (considerably) cheaper to buy than yesterday!
Exactly that Tony and they have a limited time period to do this in, so much history with AA and that's why they've bought in, it will be business as usual for them unfortunately for us keeping arcm investors completely up.to date will not be their top priority, 1 look at the cadestre tells you there has been lots of activity behind the scenes.
Some might argue that the information in 4 LML applications would be more than enough to show BHP what is there and then with Woodsmith polyhalite , the pipeline revenue would look inviting..! Some would say :-))
Would Anglo not be keen on proving there is something in the Zambian ground, thereby strengthening there hand with regards to a buyout?
If you're a buyer you want it to drop.
I hope it goes to 1p so I can back up the truck.
Swedes still selling?? Krakatoa about to erupt??
Summat not quite right ere children?
Https://www.mining.com/web/blackrock-says-12000-copper-is-needed-to-incentivize-new-mines/
NorEscO not half as suspicious as a group of clowns who claim to have no position but take every opportunity here to try to talk the stock down.
Clowns who can't even get the share price right and whose posts are frequently made whilst intoxicated.
The strategy should be to ignore you clowns, becuse the shares I know some of you hold are all down by at least 40% yet you continue to post like you are happy losing money.
Very very suspicious…
TNR my strategy is to run a diversified portfolio and to buy low and sell high, where the information flow permits. I participated in the placing and have traded around my overall position where opportunities have presented themselves, sometimes in cash and sometimes via CFD.
It's not rocket science.
Your stated strategy is to have no personal involvement at all, but to recommend holders sell at 1.65p.
As usual speshneedssi you talk in utter riddles
Embrace it old timer we all need loving, and this is 2024.
Where you get this ladyboy stuff from speshneedssi??
I would miss you little ole lady boy lover. Keep up the good work you have proved you have nothing meaningful to say, you my friend are a proper turnip, just sit patiently and wait for the news flow.
Keep talking it down bungle, ps noresco the information is all out there they have also had boots on the ground;).
BHP had the licences slightly further to the North West, part of which GLR, AFP and XTR now have an interest in. BHP were rumoured to be interested in the Western Foreland.
BHP
Https://x.com/DrRyanDLong/status/1783420094728561143
In what is the largest mining deal since Glencore’s US$90bn (£56bn) acquisition of Xstrata in 2013, BHP has made a £31.1 billion (US$38.93 billion) all-share offer for rival Anglo America.
What is interesting is BHP were interested in Arcs licences but Arc decided to go with Anglo. Now BHP could them any way. BHP are Copper bulls. Either way the merger will take a long time to complete and we should be drilling in May onwards and upwards.
NorEscO the difference between 1.7p and 7p is 4 potential bags.
Remember it's buy low, sell high. Forgetting that might explain where you've gone wrong in the past.
You need to open your eyes to the state of the wider market dear boy so blinkered by personal issues with this share.
You would have a point of the share price was 7p and rising, but the fact is, it’s below 2p (which you all said would never happen when Peggy predicted it). what I have predicted has actually happened, you liars have been proven that time and time again, I don’t think AA being bought out will have one iota of positive interest on this share, just like when AA fell 50% you lot said it didn’t matter……
Any idea when can we expect to receive drilling results from Zambia? Incredible that the share price is so low with a strong copper price and the expectation that drilling results from Zambia should be fantastic.
Taken from Reuters:
"BEIJING/HANOI (Reuters) - BHP Group (NYSE:BHP)'s proposed $39 billion buyout of Anglo American (JO:AGLJ) is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook and tight supply for a mineral crucial to the energy transition sends prices to multi-year highs".
Can only be positive lantier, lovely to see the clown bang putting there standard negative spin on, speaks volumes.