Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Given we are now well above the offer price from BHP it's hard not to feel there's at least one more bid, either from BHP or someone else on the way.
IDK the rules but surely BHP can't short the stock and then walk away from their offer as that would be market manipulation so seems more likely they are trying to buy shares below their next offer price so they get the company a little cheaper overall.
I'll be holding for now, only up 10% or so so anyone who's up huge I can't criticise taking some profit but I expect at least one more jump here if not more.
Good luck!
Jamglas, looks like your holding that extra day has done you proud, good call there.
Nudged past £27 for a few minutes today. Let’s hope it’s a sign of things to come. Surely an offer of £28-30 can’t be far off - and it may not be from BHP.
As I have mentioned on various other boards when a bid situation arises, stock exchange rule 8.3 is implemented which means that any organisation holding more than 1% of a target company's stock is required to declare it and any subsequent changes. As a PI it is useful because it means the big boys are playing poker with their cards face up. For anyone who wants to try to understand what is going on this page
https://www.londonstockexchange.com/stock/AAL/anglo-american-plc/analysis
is invaluable.BUT, be aware that ALL is not always as it seems, major investors use swaps,CFD's options,any ruse they can think of to conceal their plans and motivations.
For sad geeks like me, it is great fun and I'll probably bore you with my interpretations(whether accurate or not?) over the next few weeks, feel free to ignore .....
There might be some selling into the close of business today. Personally, what with the
now rotation back into commodities, why would you do that.
The weekend could hold all sorts of positive scenarios.
This has bidding war written all over it. Speculate to accumulate!
I’ve just read Elliott have just disclosed a large holding. The yanks are all over this, same as
yesterday increased buying pre market opening.
Activist Elliott Builds $1 Billion Anglo American Stake Bloomberg
Or perhaps BHP have come straight back with £28.
I would say the yanks taking positions.
I wonder of Rio or Glencore have pitched in with a counter bid.
Sharp spike upwards last five mins, more news???
Https://www.ft.com/content/afe3c68d-1b77-4a2f-9055-22c72f06c48d
Once you read the RNS regarding advisors, it’s stated that Goldman’s are acting for Anglo,
goggling the chap a very big player in acquisitions, so as with DS Smith it appears the best
move is to sit on one’s hands and see what the ‘well paid’ advisors come up with.
Seems fairly obvious to just keep the share in the bottom drawer, and let value materialise.
I can't get away from you spitfire44 lad
I am of the same opinion but I am frustrated by the lack of a completion date and the price paid by AAL to FRASER.. Did he pocket the lot or donate it to charity? Certainly nothing was returned to shareholders. Had to write off £ 15,ooo. WOODSMITH should be in production by now.
Not sure if anyone just saw the interview with someone who is way more an expert on the subject than me. Fascinating commentary on the geopolitical fight for copper. He said he could see Rio and BHP trying to link up…with the Chinese then needing to step in to protect their own requirements. Either way, feels like a long way to go yet. Projected huge shortage of copper with countries needing to protect supply chains. I am holding firm having purchased at £18 and £17 but recognise this could take some while to play out with ups and downs. Rather exciting as shares go! All IMO.
Hi casapinos
You may not give advice but I think you are more qualified than many that do.
I hold shares here because of my interest in Woodsmith. Just 3 years from production, I'd like to hold shares in whoever owns Woodsnith.
OR
BHP aint coming back...it was a chancer offer to test the water i think...lets see....
It was worth a try, but too low ...
The mating dance begins....
Be interesting to see how far BHP are prepared to go to get AAL, Glencore had a couple of offers rejected by TECK last year, before buying TECKS coal division EVR. Teck stood firm and were aligned with shareholder interests, hope AAL do the same here. Also (as a holder of GLEN), under the EVR takeover agreement, Glen are not allowed to make another approach at TECK until 2 years after the EVR deal is completed! I'd be surprised BHP didn't make a offer for TECK if the AAL deals fails, unless GLEN have the first option in 2 years time.....one thing for, there are some big bets being placed on copper with these M & A's.
-- bought at £18, now got a decent wedge to invest in some of other shares
We are all in different positions/entry points.
Overnight GOOG announced 70bn buyback and GOOG shareholders now earned just the same 12-16% overnight. But they didn't have to wait for once in a lifetime event -- such as BHP offer for AAL.
Sucks to be an investor in FTSE stocks -- saying this with a pain.
Too right, it was a cheeky offer, needs to start with a 3 in my book !
Agreed, if the world is on the cusp of a commodities boom then BHP need to improve their offer.