Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Brokers at the brokerage firm Jefferies and the banks Barclays and RBC have cut their target price for the stock in response.
Analysts noted that £30bn had been lost from the value of Anglo, since Duncan Wanblad, a company insider, took over as chief executive from longstanding boss Mark Cutifani in April 2022.
Why merger in air ? Sp at depressed levels with diamonds and plat at bottom of cycle. 12/23 Jefferies said Anglo may become “involved in the broader trend of industry consolidation” and suggested Glencore as suitor. Edison mentioned Xstrata’s 2009 merger attempt failed because shareholders had not been offered a premium. Etc et al.
On Results day, roll on the £20 days
The Job Losses are at the PGM mines, just over 3,000
Were the job losses announces for the PGM or the diamond division?
Over the next few months, May 2024!!!, imo
Financial Updates out , Copper assets excellent, shame about the PGM, and diamonds, though they have announced large job losses there, 2024/5 look very promising, especially with the recent VALE deal long term hold and buy, !!!!
"It was tipped as a bid in one the newspapers a week or so ago"
Was that under obituaries?
It was tipped as a bid in one the newspapers a week or so ago,
The 50% reduction of dividend was not unexpected but I was in for the income, so I've taken advantage of the 3% rise in SP to get out whilst I'm still ahead. The premium from a merger offer would have been welcome, but bird in the hand and all that. Good luck to you all.
Why do you think there will be a bid?
Or you just wish it would be?
25 based on discounted cash flow. Bid at 30+ based on sum of parts IMO
Doing very well. And great news about the Vale deal, AAL leaner and will return dividends for years to come
Woodsmith project
Throughout 2023, we saw continued good progress on the core infrastructure, with capital expenditure of $641 million (2022: $522 million). Sinking activities at the two deep shafts continue to progress well. The service shaft is now c.745 metres deep, having reached the expected depth for the year. Sinking activities on the production shaft began in January 2023 as planned, at 120 metres below the surface, and following a successful ramp-up to planned sinking rates, is now at a depth of c.510 metres.
Excavation of the three shallow shafts that will provide both ventilation and additional access to the Mineral Transport System (MTS) tunnel is complete. The MTS tunnel is also progressing to plan and has now reached c.27.5 km of the total 37 km length.
During 2024, a key focus area for shaft sinking will be on progress through a strata called the Sherwood sandstone, where we expect sink rates to decrease due to the expected hardness of the rock and potential water fissures. This is planned for in progress rates, and the intersection of the strata is expected around mid-2024. On the tunnel boring machine, there is a planned 3-4 month maintenance pause from the second quarter of 2024, during which the tunnel will be connected to the final intermediate shaft, providing further tunnel access and ventilation.
In parallel to the core infrastructure development, we are enhancing the project's configuration to allow a higher production capacity and more efficient, scalable mining methods over time. The required studies for this are progressing well and will ensure that additional infrastructure is optimally designed to enable future optionality and maximise long term value over the expected multi-decade asset life.
The project is planned to be submitted for a Board approval decision on Full Notice to Proceed in the first half of 2025, following conclusion of the study programme.
Capital expenditure of $0.9 billion is approved for 2024, the bulk of which will continue to be invested on shaft sinking and tunnel boring activities.
The project is expected to deliver first product to market in 2027, with a final design capacity of 13 Mtpa, subject to studies and approval.
Market thinks fair value is £17-£18, a £25 bid could be tabled, then maybe nudge it up to £30.
id like to see AAL buyback shares at current levels.
25 is fair value. IMO need premium for bid to be successful.
As were sat at 3-year lows, AAL could become a takeover target, imo as larger miners look to replace resources, AAL would find it difficult to fend of offers around £25, per share imo
Im expecting AAL to follow the Rio tinto path of maintaining decent dividend returns over the next few years.
This morning's buying opportunities don't happen often and when they do take advantage
of them, looks like he did. I did you, did you.
Net asset value around twenty pounds sterling and a good dividend coming soon are just two good reasons to buy.
BUY!!! just gone through, !!!!! serious cash
Exercise being done over aal global operations, maintaining a productive and profitable company going forward over the next few years, a bounce in commodity prices will boost earnings
Out in a couple of days, Dividend still reasonable at current sp ,
Still room for another 40% drop from here.
Shorting, recession, pessimism, mass exodus from UK shares, bad management, too high a pe ratio, inflation stubborn or rising again................
"not been a such a bad year for miners"
Compared to who, Palestinians?
Most of the miners have been mauled YTD and YoY, whether they're base, PGM, precious metals or lithium. Can only get better though...Right?
This morning,