Member Info for OldRascal

There will be a war to trim numbers.

Global warming is real, just as Cocid-19 was real and despite what the idiots say. Trump will deliver Greenland to the American people so that they can be accommodated.

Of course, the pacifists won't believe it, even when it happens.

Most problems could be solved if the Earth's population was halved.

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Just had a Quick Look at the share prices for these two companies. Over the last year…

AAL

UP 43.58%

BHP

DOWN 13.55%

Has BHP had stock spilt or something?

Over 5 years, BHP’s share price has outperformed AAL (up 22.6%vs AAL’s 20.92%).

I can’t be bothered to look at dividends so I don’t know which would have been the better choice back in 2019.

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The local MP is ‘fighting for jobs at Woodsmith and Boulby’.

Good or bad?

https://www.facebook.com/Luke4MSEC/videos/1112259137129179/

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The share price is 17% higher than when BHP first came sniffing around. I think a bid around £35 would be more appropriate.

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Labour’s budget means the PRS will shrink even faster than it is already.

Those who are fortunate enough to be able to buy their own home will do so. Those who need to rent will seek social housing (as rare as rocking horse poo) or will be forced into BTR sector.

As private landlords escape the lunacy of the PRS or retire/die, their properties will be sold . I do not expect new private landlords to enter the sector.

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Hi casapinos

I'm in.

Selling BTL property and looking for a new home for the proceeds of sale.

I still have an interest in a certain mine (patience of a saint) bit i understand property better.

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BHP have said they have ‘moved on’ from Anglo American.

The poker game continues, perhaps?

https://www.reuters.com/markets/commodities/bhp-has-moved-anglo-american-company-chairman-says-2024-10-30/

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I seem to recall Jeremy Corbyn saying that the Labour Party would have supported Sirius Minerals.

Desperate times or a real possibility?

https://www.thisismoney.co.uk/money/markets/article-13654209/Anglo-American-cap-hand-new-National-Wealth-Fund.html

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Nice idea but highly unlikely in my opinion.

Talk locally is of redundancies. Some have been made redundant before, received a 5-figure pay-off and came back just a matter of weeks later.

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If Woodsmith is to be mothballed, will the site be returned to a condition more fitting of the National Park? Or will that Galloway blight the landscape for decades?

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Investing for the future may not be for everyone. I get that.

Woodsmith is in a National Park. It is expensive but numerous experts have backed the project. Most of the Capex has been spent. Mothballing to appease short sighted shareholders ain’t a free ride.

Just crack on.

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The stock market are worse than politicians.

At least politicians focus on a 5 year plan. The stock market only seems to focus on today's dividends.

Maybe this is why the water companies are in such a mess.

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Especially as you have moved your money from AAL to BHP. LOL.

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If it's such a burden, why would BHP want it?

It doesn’t make financial sense to delay work on Woodsmith for a couple of years.

Making employees redundant, mothballing the project and re-employing staff later will be expensive.

It is more likely to be a much more significant delay (5 to 10 years) in my opinion.

Maybe the government could step in and help to get the project over the line through government loans of a public /private partnership. After all, there are huge tax benefits to the U.K. Of course, the government weren’t anywhere to be seen when Sirius Minerals needed government backing.

I appreciate that AAL have spent much more on the mine than SM had planned but we don’t know if that is AAL being wasteful or if SM didn’t plan properly. Probably a bit of both.

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Reuters reports that BHP walk away from $49Billion pursuit of mining rival Anglo American.

The Guardian reports that BHP walk away from $39Billion pursuit of Anglo American.

What’s $10Billion between friends?

:)

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Seems like a game of poker. Who will blink first?

I’d like to see Woodsmith become operational in my lifetime. Would that be more likely with BHP?

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I’ve followed Woodsmith Mine story too.

Please don’t let the story cloud your judgement. Don’t risk losing more money by placing too much reliance on one project.

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De Beers may be a greater risk than Woodsmith. Diamonds are something that we can live without and better diamonds can be produced in a laboratory.

Fertilisers and soil conditioners will be needed in increasing quantities as we try to feed a rapidly expanding world population.

I know which asset I’d prefer to invest in.

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I think the mothballed option is to appease shareholders by increasing dividends.

Interest rates have risen sharply since AAL bought Woodsmith. Investor expectations have risen too.

Had Interest rates remained low for a few years longer, there would have been no thought of mothballed.

Having given it due thought, I don't think Woodsmith will be mothballed at all. Talk of such nonsense is just AAL attempting to raise BHP's offer price to better reflect long term value of the business.

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