Member Info for OracleofOldham

Maybe don't fixate too much on daily movements esp if it's affecting your emotions.

Come back once a week or fortnight.

Or if you can't stop maybe cut back on your holdings if it's too big to keep off your mind constantly.

Yep selling now doesn't seem to be a good idea but they are obviously 'shook' and feel they need a bit, quick sale of something to show intent.

You'd think at least run the mines that are already dug just don't invest in more or expanding if they feel the market won't get strong again but I expect after the rush and excitement of man made diamonds on to the market the price of 'real' diamonds will go back up.

Having cheap versions of cars and watches doesn't stop Ferrari and Rolex make money

The company almost got bought out on the cheap (IMO) because of how far the share price had fallen, I can very well see why in the short term they feel they need to show investor value, and Woodsmith is an obvious place to start rather that continue to put in billions for something that will only start to show value in 3-4 years time. By that time BHP or someone else will have bought them up, esp if the price for the current portfolio goes below £20 again but maybe even at this market price.

If the only reason you bought Anglo was for this one mine that might be ready another 3-4 years down the line then that's more on you than on Anglo if strategy/situations change

I'm not sure anyone is discounting the value the mine could hold in the future.

Only that right now, with AAL fighting off BHP and saying they can show value to investors, they are going to be looking to concentrate on much quicker return on investment projects.

I think a lot of people on here might be 'wedded' to the Woodsmith mine and so are desperate for it to be a success.

Nothing wrong with that but as they say, never fall in love with a stock as you can end up fooling yourself to it's benefit/flaws.

If Anglo are looking to become more efficient/streamlined and concentrate on core commodities it seems to be obvious a mine that isn't producing anything will be put on the back burner for now.

Anglo is the 4th largest producer of copper and when Quellaveco is fully up to speed they will be producing about the same as BHP.

Also 5th biggest producer of Nickel and 9th biggest Iron ore.

Interesting to see how the splits, if they come play out but I think this company is fine, just very undervalued currently hence BHP trying to get it on the cheap.

TBF I kind of agree with the Anglo board in that, if as BHP keep saying, the demerger of the iron and platinum is no big deal, BHP should be happy to buy everything and then demerge themselves.

SO, am I also right that BHP could just formally propose the current offer that the board directed and then shareholders would vote on it (and maybe we'll get a nice bidding war)?

Or is this deal completely off the table due to the board turning it down?

I assume the former and expect that is what BHP will do if so given they've been speaking with big shareholders so must feel they can get this offer over the line right? Or they are going to look pretty silly

Marky, it depends where they are listed.

For eg the Thungela shares can be held in an ISA as they are on the LSE.

It seems the board would dismiss 3 bids completely out of hand, but then say they are open to continue talks.

Surely such quick rejections mean they are a long way from agreement and an extra week is unlikely to change that given they've had a month?

Probably to say how he's won his war on inflation which had nothing to do with him but strangely the government weren't keen to own the situation on the way up, only now it's only slightly above normal (thanks Brexit, something he can take credit/blame for)

So say I'm Glencore or Rio, etc.

It's better for me to wait until either BHP make a move or until the deadline passes as then I've one major bidder for the company out of the picture for 6 months meaning less or no bidding war?

Or if a formal offer is sent in by someone else, or an offer accepted, can BHP come back earlier?

Https://www.ft.com/content/ac076f53-809b-431c-9465-efc355369e61

If this was posted than apologies but possible buttering up before a bid?

" Glencore chief executive Gary Nagle issued a robust defence of South Africa’s mining sector as speculation continued that the Swiss commodity house could yet mount a rival bid for all or part of Anglo American.

In a rare statement of support for South Africa’s mining industry from a chief executive, Nagle praised the tax regime and said infrastructure and power problems in the country were manageable."

I agree, whether a strong enough market is there is a question but there will always be a demand for 'real' diamonds.

On the fertiliser mine, am I correct that currently there is no demand for this kind of fertiliser and the bet is on it being required in the future?

That BHP and now Anglo as well seem to see it as a luxury to build rather than a necessity would make me feel the importance of it may be overstated and the money may be better spent elsewhere.

I know people on here hve come across from the first collapse so hoping it works out but how much is faith and how much of a reality is it that this could/should add a big benefit to the company?

Well how long will it take until that phase?

From reports over the weekend BHP would just cancel or sell off this so I get the feeling too much is being placed on it, even from Anglo management.

If this is/will be the cash cow everyone in Anglo seem to think why wouldn't other miners want it?

At moment it seems like a money pit unfortunately

Given we are now well above the offer price from BHP it's hard not to feel there's at least one more bid, either from BHP or someone else on the way.

IDK the rules but surely BHP can't short the stock and then walk away from their offer as that would be market manipulation so seems more likely they are trying to buy shares below their next offer price so they get the company a little cheaper overall.

I'll be holding for now, only up 10% or so so anyone who's up huge I can't criticise taking some profit but I expect at least one more jump here if not more.

Good luck!

The joys of listing on the FTSE, get hugely devalued and then snapped up on the cheap.

The only point in buying UK stocks these days is the chance they get bought out for higher than you paid.

I can't see in the BATS reports but does anyone here have a rough idea of what revenue the company gets from tobacco sales in the UK?

Given the likely ban of people born from 2009 there will be no affect now but interested if anyone has an idea on how much of a market this is for us?

From what I can tell Imp doesn't break down by country their revenue, so given what seems a likely ban on people born 2009 onwards being able to smoke in the UK, does anyone have a reasonable estimate as to the hit Imp will take (If we don't do a New Zealand)?

Yes but also very understandably undervalued.

IDK if we'll see £1 again until there's some kind of caseation in hostilities, even if it ends up a Korea non-ceasefire ceasefire.

Until then, whilst I am invested here, I can completely understand why others see too much risk to get involved.

Of course the dividend has already been taxed once already, when the company registered their profit before dictating how much of it to hand out in div so double taxation