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very cliche, but Rome wasn't build in a day! :P
think about coming years .for the next 1o years or more ...electric cars and copper demand
Hope the interims come out today
if you want to change your life then stay here .....just buy and hold strong buy
Bored
LONDON (Reuters) - Mining company Anglo American reported a 45 percent increase in annual earnings, halved its net debt and said it would carry on improving a business its CEO said is "fundamentally different" from during the commodity downturn. Anglo American was particularly hard hit by the commodity markets crash of 2015-16 and, along with Glencore, which on Wednesday announced results it said were the strongest yet, has recovered strongly as raw material prices have rebounded. The South African-focused major has received a further spur from expectations that new President Cyril Ramaphosa will be supportive to the industry. Anglo shares, which have risen more than 15 percent this year and outperformed rivals, slipped 2.5 percent by 0810 GMT. The company reported underlying EBITDA of $8.8 billion (6.3 billion pounds), a 45 percent increase year-on-year. Anglo American said it had delivered free cash flow of $4.9 billion, a 93 percent increase, helping it to roughly halve net debt. It has also greatly improved productivity, increasing efficiency per person by 28 percent last year alone. "Very simply put, we have done what we said we would do," Mark Cutifani, Chief Executive of Anglo American, told reporters on a conference call. "Anglo American is a fundamentally different business. We are more resilient. We are more competitive. We are delivering solid returns," he said. "Our intention is to keep improving the business from the base we have established today.
Has anyone asked the BOD when Interims get released ? Should be great reading compared to last year !
Maybe peeps will start getting in tomorrow
Doh sorry tomorrow 22nd Feb - last yrs interims for WTI 23rd Feb 2017
Hence IMO why it's tracking higher today - traders positioning for anticipated +ve results tomorrow. This is very much on many's radar - any early ping upto 3p+ will then be sold into. Outside chance of finance deal with Orion - IMO it's a bit early but you never know. LTH for me - massive value here albeit some risk as Orion finance deal unknown - but Orion saved the company & are the primary reason this is a significant LTH IMHO. Resplying to a post earlier - IMO only good thing the Orion guy stepped down from the board - to avoid conflict of interest. I reckon they will reappoint another rep to board once longer-term finance deal sorted. For any long-suffering WTI holders - the day that caveat about "unable to make repayments in the short term" is removed from RNS then we know real progress out of financial intensive care. I also see capex to open up Central Ops being part of any deal - leveraging more FCF potential.
Expecting Interims tomorrow (23rd Feb 2018) - they were Thurs 22nd Feb 2017 last year. Exciting - expect strength across all numbers. Nameplate up, opex pt down, av price pt up, etc.
Thanks for the feedback Gents, have bought in quite a bit today - looks like this level (~2.10p) is a steal. I was looking for a decent copper play, seems to have been missing from my portfolio :-) Happy days!
Biggie*
Some buggie trades
Explains rise then. 3 x 500ks , 1 x 750k Hopefully they know something !
Interim's could be this Friday?
Buy shown as a sell it seems
day traders are all over this now. We need some good news flow to give us that next leg up above 3p.
Looking far better today , few shares available on 2.20
Just by looking at our fag packet valuations you can see the WTI is a massive investment opportunity for Orion. �10m + interest or whatever it is, it's a drop in the ocean compared to what they could make here by having a slice of the big pie. If Orion don't see this I am sure A.N.Other will step in with large investment.
But it's also highly in their interests for the share price to do very well, and not to strangle the company with unmanageable debt payments, i.e. a restructuring to enable payments but to also allow capital to grow the business further. This is why the SP responded very positively to this news. Let's see, i am highly optimistic here
no doubt ....only the impatient are selling
http://www.icsg.org/index.php/component/jdownloads/finish/114/2645?Itemid= World copper deficit for 11 months to November 2017 hits 195,000 tons (up from 175,000 in October). World mine production down 2.4% from 2016. World usage up 0.6%
This point from the RNS is very positive in my opinion: "The Company is involved in negotiations with Orion to agree a long term restructuring of its secured debt facilities with Orion and to avoid the formal, quarterly amendments to its debt facilities" Check recently updated presentation on the company website too, and some strong posts from some of the LTH's on here! ATB
As mentioned, if copper holds over 7k and costs can be kept down, the company should start generating free cash flow. Berg Aukas ($600k) was financed from operating cash flow according to the RNS. I believe the next payment due to Orion is the end of March. Would love some clarity regarding the restructuring before then. Is the director stepping down a good thing? I genuinely don't know. If the threat of dilution is gone, coupled with the above prices and costs, the SP has the potential to re-rate higher. (All opinion of course.)