Member Info for Akhtar234

Yep, bought them out years ago. The guys buy and sell businesses for fun. AAL pursuing automation strategy to make mining more efficient.

AAl can fight it with the others, doing DD is not a complicated process, will take an few months extra for other parties but if we prove up more others will likely push the price up. Locked in with aal and not a satisfactory offer just puts me off going with them as a partner.

Yep not surprised that they are and they couldn’t make an offer that would have satisfied both parties?

Disappointed the drilling started later than I hope.

Thanks for sharing but don’t think I will rely on that trader. I need to see his calf’s stating is one thing, oil price is at a more sensible level now. Range of 65 to 75 works for most all those staying 100 were promoting their own interests

Can you share that 220 price calc and what basis it is based on.

Bp transitioning to the green side quicker than others, but the CEO recently said that oil is not going away and he is correct, as companies start to transition away new supply /reserves reduces and that is the key here, as less is going into exploration, also Shale appears to be now addressing profitability v growth, so oil will be ok when we go back to the real world, i have always said the best oil range is $65 - $80 dollars a barrel.

The thing that is important here, Bp don't move away from the discipline and start building out the renewables per their investment criteria, as every company starts pushing ahead, assets could get more expensive and the returns fall, but in the long run we should become more efficient when we build scale.

I wish this company prioritised bringing the debt further and investing than shareholder returns as long term that would push the value of this company up.

HalfSOvereign your lack of understanding shows, do you know what Exclusivity Agreement means?

We can not engage with other parties, also other parties can only negotiate having access to data and again the EA stops this, now the EA has lapsed, we can share the date on the resources to other parties who do their own Due diligence.

Best outcome, i told people on here deals dont really go down to the wire especially as we have had 12 months of talks and the last 6 after due dilligence.

Anglo will really suffer now as we have others who are interested and let the bidders compete against one another. Though that said this puts pressure on Anglo to stop us talking to others, so anything they would have paid that we may have accepted goes up a notch now.

I want the group to focus on the plant next year and do that, hope to hear more news and the results from the drilling programme.

I am holding, but i knew this would end up like that, the comms from this company has been poor when it come to RNS as i mentioned here before, also may have caught some of us by surprise as people thought the EA ended on the 14th and sure people had cited that from the Investor calls we have had.

Glad they did not extend and opens up to others, complete waste of 6 months with an EA with AA who could not present an offer that would have worked for both parties.

Tom have a look in a few months and have a look at the deal. You will understand the impact it will have.

Fast execution of exploration
Fully funded to production when they start
Cashed up no more raises

Again sentiment from earlier this year maybe have killed it short term, mid , long term it’s going to be a much bigger Macap and they have other assets

Well AA aren’t stupid and they can search for other deals then and risk losing this, if that’s the strategy.

Not many other options out there as advanced and with words we have a couple of tier 1 they would be really stupid. They have the cash , it’s all about managing risk.

Have a look at irr and the deal they secured recently.

Thanks F79, but quarter of a million sounds better. I hope we can crack 10p this time.

All the best

Damn F79, ho much and how long you been invested? I am happy with £30k lol

Gallmat, its a view that a no deal could happen and yes there is that likelihood for various reasons, AA not willing to match our acceptance of minimum price on what we know and potential, Other parties interested could create a bidding war. AA have other priorities at the moment, Sold another stake recently in coal again https://www.sharecast.com/news/news-and-announcements/anglo-american-to-sell-stake-in-cerrejon-jv-to-glencore-for-294m--8015274.html, this company is not shy of cash or raising it. Money isn't the issue here it will be difference in valuations and if AA want to play hard ball tbh we shouldn't give them the benefit of the doubt, we have been locked in for 12 months and they have had the luxury of exclusivity, but not long now to see what happens.

Everyone's views are different and we all have faith in the company and investment, why i hold and i am not trading or care for the noise, i think some people were not happy with the placing especially shortly before there was talk we have capital till the end of next year and can fund our mine without further raise. I know the justification of the raise and if a good opp comes about you do it, it just felt a raise was premature and that has impacted sentiment a bit.

Good luck all, not long left, we have great assets just need to create value, which can come anytime, so if you trade, you could easily miss the rerate and I wont be doing that, lost out on GGP wont make that mistake here. Yes a no deal may happen and the price reduces, i will buy more, but long term this company is worth more than what it is at the moment.

Thanks all for your comments and opinions, not long to see. ATB

I have written off a deal to be made by the EA deadline, I am expecting an extension or better no extension and we open up for all.
From experience things like this really don't go down to the wire, and as an investor it puts me off if AA act like this what they would be like as a partner if we JV. We dont know what is happening behind closed doors, but feels like we need to drill more and if that is the case, AA will have to compete. But then again i think they communicated to us to go into commercial discussions late from memory, so happy to be proved wrong.

Are you all thinking the same?

Ella they are options, expenses are largely £2 - 3m a year, but with acquisitions this will be higher this year. But with Casa we should see some cash this year I interpret as $5m. I hope the board really focus on the monies for the mine next year and getting this up and running.

Shorn I hope so, but the timing of the recent RNS and getting closer to the deadline I’m just not convinced. But let’s see , I thought the boards previous comma with CASA changed was post that deadline.

ATB

Price action and that latest RNS which feels like people knew in advance, I dont believe a deal is going to be done by the EA end.

Now we open up to wider participants and let the majors battle one another, AA have had a chance and have blown it,

Dividend drops to 45p from 2023 onwards. https://www.gsk.com/media/7050/gsk-investor-update_23-06-21.pdf
There is nothing in this presentation that inspires me, but i did not watch the webinar for context.
A lot of the pipeline talks about investing in R&D but it seems to projects already in tray, looking to creating value by separating out and selling a stake at the top end of the value which is not too bad, but this is financial engineering.

Looking at more cost savings another £0.5bn a year.

Thanks Toff, dividend cut is not as much as we thought