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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.
It's an opportunistic opening salvo from BHP but it does illustrate that copper is front and centre for the majors right now.
Expect lots of noise, all positive for ARCM. It's reasonable to assume that all the majors will be debating whether to enter the fray for Anglo and it's just as likely that all of them are taking another look at all of Anglo's exploration JVs, including a certain Zambian venture looking for oh - yes - copper...
If AA's price wasn't down it wouldn't be a take over target. Obvioulsy BHP are seeing a lot of value that can be added. its a massive mining deal. The BHP bid could start a massive way of consolidation in the mining/copper sector. We all know Copper is going to go up.
My post was more of a joke rather than 'rampy about AA being bought out' - lighten up.
Here’s the issue with the board, it’s all rampy about AA being bought out and AA share price is now considered worthy to comment on, yet it had dropped almost 50% from the previous 12 months highs and there was nothing said in here.
At the moment it’s about 35% down from what it was last January , but for some reason the people here don’t want to talk about that. That’s why the credibility is shot.
Google "Anglo American shares surge after BHP proposes £31.1bn takeover to create copper mining giant – business live" for the Guardian's take on the possible deal.
"Anglo’s exposure to copper compared to other listed miners is core area of BHP’s focus, as it looks to benefit from the material as the energy transition gathers pace."
Maybe they want to make a move on Anglo early because they know they've formed a partnership in Zambia that's going to be worth multiple billions in the not too distant future...
One can hope!
Most important Jarvis is a) what your charts show an b) what are ARCM up on this earth shattering news?
Not so sure if that is positive news.....of course it's very early days but with giant BHP hands in so many bigger projects I am not sure how much interest they will have in ours.....
Anglo up 12%
They want to divest iron and platinum assets and concentrate on copper. So we should remain central to their future strategy.
From the FT: The world’s largest mining company is seeking to buy Anglo, which has a market capitalisation of £29bn, to expand its portfolio of copper mines, according to people familiar with the matter.
Another hurdle to get over, its going to be a long long wait now.
Fab news and congratulations to those that bought ARCM at recent "depressed" levels you now will indeed be on the first rung of the ladder to making your fortunes.
Predictions at cob today?? Im going for a highly impressive 1.6p on the bid.
Well done all xx
BHP proposes takeover of Anglo American in mining mega-deal
Combination would bring together two of the industry’s largest companies and comes as copper demand soars
https://www.ft.com/content/9141eee7-825a-41d7-913d-49e8c12e76db
ANGLO AMERICAN CONFIRMS IT GOT NON-BINDING OFFER FROM BHP.
noyesco you offered 3 people out for a fight and then transitioned from a squaddie to a **** poor afghan goat herder with a rusty ak ??