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Somebody please tell me! It seems as if they are issuing bonds to try to raise money. Beyond my pay scale. Whether this is is a good thing (they have found some fantastic prospects for new mines) or whether it is a bad thing (they are going broke and trying to stay afloat) is another matter. I guess the latter, but I am holding because if a larger company buys them out I shall kick myself for selling at a loss and missing out on any takeover premium.
Classic FTSE name, dumps more than divi when it goes ex. Why do we bother sometimes...
Can anyone explain the OFFERING CIRCULAR.
Improving slowly, nice to get a wedge of cash into the accounts
Continuing its climb back to a decent level, hopefully we can see £20 in the not too distant future
ANTO has done pretty well compared to all the others though.
Wouldn't call it a "SPIKE" the Sp has been trashed these past months,
sure we are ripe for takeover, but at current levels AAL are cheap!!!!!!, Simple!!!
Presumably this weekly spike is driven by takeover rumours, as BHP and Rio share prices (the most obvious acquirers) have been subdued.
Whether this comes to fruition or it turns out to be another classic FTSE rug pull, only time will tell...
From the low £!7 range, are we beginning to see a move up at last, not long to the new ISA year, ill be dipping my toe in again
SP is raising for two days without any news. This stock has dropped over 40% in 12 month. Any takeover ac.tivity in the horizon?
Https://breakingthenews.net/Article/Palladium-soars-over-6-after-Powell's-remarks/61634362
Automobile industry in particular need more palladium per vehicle to meet tightening emissions standards going around for a few years now. One can imagine the number of auto factories around the world !
Palladium up 8% today with commodities set to recover on USD weakness (lower inflation, rate cuts due) bodes well for anyone jumping in at these levels
Roxi, agreed, excellent entry point here, although my average price is about £21. Unfortunately, the decision by AAL to further optimise the wordsmith mine was taken during high commodity prices, and during lower prices profits, and consequently they are taking on more debt to keep the mine build going. Long term, the optimisation of the mine will bring in the product cost at the lower end of the cost curve and so building resilience against any dip in fertiliser prices. Just a shame first product is not due until 2027.
Woodsmith is one of the key factors that caught my intention to invest here, the Sp has been trashed, but that allows a good investment base, at current Sp,
I think the main & probably only reason to buy here is the possibility of the company being taken over, I say again possibility not probability.
The SP seems to be on a perpetual downward spiral & the reduced dividend is pants, so why else would anyone buy, hence the downward spiral.
@ goodtobehere.....Thanks for the Woodsmith link interesting read .
While recovering, there is 32.3p divi on 3rd of May (Ex. divi date is 14 March).
This is now oversold. I also feel some kind of consolidation may start in this sector as the UK stocks in particular, are well undervalued (A few approaches for Currys; today Spirent taken over). Many years ago it was BHP targeting RIO. AAL with its precious and rare metals could be a smaller fish to swallow. (Market Caps: BHP = 115B, RIO = 82B, AAL = 23B).
Reminding everyone what a fantastic project The Woodsmith mine is and is going to be, and
I can't stress enough the potential it will have on this company. Numptypi already posted this but just in case anyone missed it
Https://im-mining.com/2023/10/05/anglo-american-lays-out-5-mt-y-woodsmith-polyhalite-plan-ahead-of-full-design-review/
Greenwashing, a green mining company that’s ridiculous.
Executed and delivery on the way,
Wind Turbine deal in SA
Great time to be adding????? at depressed Sp,
Just saying!!!!
Yes well done Anglo team on the token green milestone! We'll just park the abysmal management and 50% share price collapse to the side for the moment to celebrate...
Another milestone achieved to make this a much greener Company, Well Done!!!