Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Apologies Fulmar - just seen that you highlighted the same sentiment! Southern Africa - excl SA itself - means Botswana and Zambia for Anglo. Botswana will be divested in the next year or so leaving.....Zambia....and its exploration/investment with Arc..
Liked this bit from Wanblad's statement.
Our proven and differentiated capabilities within Anglo American, our global relationship networks and our longstanding reputation as a responsible mining company will help us unlock numerous of these and other opportunities in the jurisdictions where our experience and track record are most valuable and most valued, namely in South America and Southern Africa.
If Anglo is to/can survive as an independent, observers say it will need to tidy up its portfolio pdq.
Three significant developments could well occur and take place much faster than anticipated because of timing now: two of these are well publicised the third less so.
Spinning off/selling de Beers
Accelerating Woodsmith's JV investment being led by RBC and....
Driving/announcing/flagging up one or two significant copper deposits in Zambia.
The first two could each comfortably add $3-5bn to Anglo's mkt cap and a prospective tier one or a couple of meaningful tier 2 deposits in Zambia could add a not dissimilar figure as well...
Citibank believe Anglo's current copper assets are alone worth £30 a share, c£5 a share more than BHP's total offer.
Add in the above three plus other developments Anglo can accelerate we could have Anglo back to c£40 plus a share in value. And those Zambian assets.....NvS must be purring this w/e.
Thank you
Can you repost the link please?
Thanks
PB
Simply noting the Tingo relisting for those interested. Was never interested myself. I bought in when I learnt a good lever from Anglo had accumulated all of AA's former prospecting licence targets and this arrangement suits Anglo for its return to Zambia.
O'Leary has done an extraordinary job, no question. Europe's largest airline and still growing. He is also dismissive of Wizz and to be fair, he is of most others! But...credit where it's due. Covid hit everyone and then when things were recovering along came Ukraine and Wizz was hammered, much harder than Ryanair. And its former FD made the wrong call on fuel hedging (he didn't) but now rectified. Then the Israel conflict - just to remind folk, Wizz was the biggest LCC at Tel Aviv by a long way - and then the Pratt & Whitney issue. All these challenges - and more - Wizz has not only coped with but is also resolving and with c300 of Airbus' finest on order, not a Boeing to be seen Mr O'Leary, there will no doubt be other future challenges but the Wizz board seems to be as extraordinary as O'Leary is and Wizz is resilient and commercially as astute I suggest. Plaudits not constant brickbats are long overdue. A hiccup for O'Leary with delayed Boeing orders is hurting the share price - imagine if they'd had to deal with a much bigger base in Ukraine, and in Tel Aviv, and engine issues affecting 20% of their fleet - not just 17 delayed planes out of 57 expected this year...Good luck to the board and future passengers and I look forward to rates of growth continuing to dwarf those of Ryanair over the next five years.
Ryanair is capitalised at c£20bn. Wizz could and should get to passenger numbers not dissimilar by 2030. The future path will be rocky but I can see the CEO achieving his £100m when the shares hit £100 and good luck to him if/when it happens. By christ they will have earnt it.
Tingo has restarted trading on the US OTC markets at between 1.5 to 2 cents a share. Just for info. My money is with Anglo buying into its good leavers who own licences Anglo used to.
GLA.
Cheers Seis. My googling suggested tourmaline veins can be associated with copper and gold. We'll see.
For whatever reason, the tweet seems to have been deleted. But here's what it said.
AlbyTross
@Alby__Tross
And it seems there could be tourmaline quartz veins in the #arcm area near mujimbeji. Can Nicky boy deliver the near impossible? Preferably this century... twitter.com/Alby__Tross/st…
This just posted on Twitter. I have no idea if it's relevant, good, immaterial etc...though am hoping you'll have a view....:-)
https://x.com/Alby__Tross/status/1763868018965184873?s=20
Having had a deadly cholera outbreak in Zambia, now a drought. The poor buggers. Reuters quotes the President saying copper mining affected so manage our expectations....
https://www.reuters.com/business/environment/zambia-plans-import-ration-electricity-due-drought-2024-02-29/
Thank you
Hello Seis - can you please explain the results for simple folk like me? I could be reading a menu in Chinese and understand as much! Are we looking at encouraging, very encouraging, extremely encouraging etc or potentially promising...whatever, some insight would be appreciated. I still believe that Anglo had a very good grasp of what's in the Arc licences given they owned them and their 'man' in Zambia/southern Africa David Wood has spent a lot of time in the region looking at copper resources. But some feedback on the historical assay results ahead of actual latest drilling results would be good to know please!
Drilling season starts May. Frustrations, delays, bureaucracy and possibly some poor comms but the sheer scale of the opportunity remains untarnished and in Anglo, Africa's biggest miner, we are fortunate to have a world class operator.
https://www.miningnewszambia.com/anglo-zambia-restore-relations/
Thank you Fulmar - thought that was the case. So until an 'as yet' public moment occurs, the increasing number of references to AA, Zambia, Govt ministers and 'interesting' comments are all directly related to the Arc JV. Sounds positive to me. Cheers all.
Question for Fulmar - or anyone who knows. Has Anglo publicly declared exploration areas in Zambia outside the Arc agreement? Some posters say they have but I can't find any reference to any other AA Zambian plans? Any factual repsons appreciated. Thanks
a bit of a silly comment tnr. the cash to arc is £3.5m but the commitment to c£70/80m of exploration costs - and associated management time - isn't trivial to aa or indeed bhp, rio and any other miner.
c£100m overall commitment is meaningful and clearly suggests that, subject to quality and quantity of any discovered ore bodies, there is a significant development investment on the cards.
i understand your - and some others' frustration - but to isolate the £3.5m figure without the actual key context, is plain stupidity. i can't be ****d reading your comments any further despite the entertainment to be sometimes derived.
Many possible scenarios Fulmar but you could reasonably think that Anglo, having committed to the Arc transaction with such a meaningful investment, sees the transaction ultimately going their way by acquiring a company led by a former Anglo exec who is help in high regard by his former employer.