I'm genuinely baffled27 Jan 2021 14:03
why folk would be selling just now. It's not even like the volume is there to intra day trade.
Right, so we all know Anglo American spent 6 months delving deep in to our assets.
At the conclusion of the agreement, if they weren't interested in what we had, they would have walked away and thanked us.
No, instead they then opted to start negotiations with us.
This couldn't be any clearer, a deal is going to happen.
Worst case scenario and the AA deal falls through, they've shown their hand in that they know we have some very good copper deposits.
This would open up the path for another major to step in, skip all the work AA has done and simply put in an offer.
Now, I don't think AA would allow this to happen. They want what we have and I'm confident a deal will be struck.
News will land shortly and catch a few out