George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Far from it
OK then if that doesn't
Maybe the fact they have funds to does
Or perhaps the fact theres other suitors
Or the fact there'll be even more money coming in from Metalstech
Or the fact there's plans to get Chezeya up and running
Or (moonshot) who knows maybe Casa will payout
Far from it
Nah ! Your'e all right non-viable,ill keep it there as your post was not just opinion it was foolish accusation.
They could have struck a deal already couldn't they FT and also Tom (this proves they already can walk away).
I've always assumed part of the motions that Remy was talking about refers to not accepting the first offer etc.
I mean come on, who accepts the first offer !
I'll concur Casa hasn'n't been great so far ... Metalstech looking good though.
. . . and Fulmar, you may elect to have your own post deleted under the circs. It wasn't smart.
@ 15:31
Not me. I've been out for a few hours. Would rather stop posting when there's derision. Have no objection to being put down. I know Zambia, Botswana and the Karoo craton better than most (or maybe all). Carry on as you wish. I also have a good understanding of how Sandton HQ functions. No gripes from me. It was merely an opinion at the outset.
So viable,you like to hint about NvS being in AAL's pocket and then when someone points out you are a fool for saying it and why you are a fool,you have the post removed presumably for calling you a fool. More fool you. viable=unviable
Good point and with the recent G7 stuff about challenging China's infrastructure initiatives in Africa and beyond this might encourage those large western companies to step up their investments in countries such as Africa. Although the risk is that a lot of what was said (and agreed?)at the G7 might turn out to be hot air though? Hopefully not.
Anglo's copper exposure is 100% Chile and Peru and i would imagine that they would be desperately looking to diversify this with recent election results showing both countries leaning further to the left with much higher tax rates being discussed.
Very much doubt they will stop looking in Africa to focus on either of these countries.
Future truth or Fortune cookie ? The Casa buyers have already been researched (ages ago) and a discussion had with NvS,The original buyers promised a lot but we always held complete control (and still do)of our asset.Latest buyer looks far,far better.Have some more dim sum,as you are looking a right bitter dumpling again. And as for "shareholders getting milked and diluted"learn to read a graph (translation "glaph") and that's not exactly lactation or evaporation is it. Lock the missus up !
That's not a justification, thats a partial CV and a suggestion that because Nick once worked for Anglo he will cave in to whatever they want.... which is clearly not the case, hence the protracted negotiations.
I'll let it rest after one last justification = NvS has invariably had to compromise on timeframes. He is an ex-Anglo/De Beers exec and will co-operate. I shall not digress into related issues.
1. There is no delay, we are still within the EA, so your title is misleading.
2. Anglo cannot 'relinquish their grasp on the EA for the time being', either they are in or they are out.
3. Why do you think Anglo are incapable of multi-tasking? I'm sure they can deal with both without any problems, just as they are dealing with major projects elsewhere in the world.
4. Where is your evidence that NvS has miscalculated timelines?
Your whole post seems designed to mislead. If you have so little confidence then sell up and move on.
"Anglo could relinquish their grasp on the EA for the time being" 1.it would not be for the "time being",they just wouldn't be given it again.2.Arc would be more likely to not grant an extension than AAL try to extend. 3. AAL would want a lot more than Quellaveco to achieve their Cu aims (several more projects in fact) and as far as timelines miscalculated-both Casa and Sturec have much better returns than originally expected. I see a possible limited extension to EA which would fit well with the politics of the scenario.Patience,it's potentially too big to get twitchy over and lose out. I'm certain if Nick were able to we would have updates
Patience!
It's coming....
Am now of the opinion that Anglo could relinquish their grasp on the EA for the time being. Peruvian CEO McCulley will focus most of the group's attention on Quellaveco to bring it online in 2022. Castillo's imminent confirmation of the presidency will create some anxiety in Lima before matters settle.
My early enthusiasm on NvS's prowess has weakened to some degree. He tends to miscalculate timelines as we all do. Casa is a good example. I am not suggesting the programme is scuppered but Nick needs to get the newswire humming once more.