Member Info for PheasantBoy

Good morning Fulmar - I've not been following this development. What does it mean please - it seems separate from the Zambian case?

Ps.....love their italics....:-)

https://www.ecofinagency.com/news-industry/0910-49436-anglo-american-ceo-duncan-wanblad-says-africa-remains-the-place-to-be-despite-restructuring

Apologies - gist!

And link.

https://www.mining.com/web/anglo-ceo-still-sees-future-in-africa-despite-shrinking-footprint/

Wanblad interview y'day covered by Mining.com. Main jist of it was his assertion Anglo isn't walking away from Africa despite sales of Thumba, Valterra and in due course De Beers. But he contends Africa remains relatively unexplored and there's plenty of scope for Anglo to unearth....sorry....plenty of critical, future facing minerals.

"Hopefully, we’ll be as big as we were in Africa in a couple of years time."

Where he means is anyone's guess but the market value of Thumba, Valterra and De Beers was/is around £15bn: Valterra mkt cap c£13bn, De Beers forecast $2.5bn and Thumba $1.5bn.

"as big as" suggests Anglo is looking at a business/businesses of a similar scale. Drilling for copper in a dozen plus areas in Zambia they know about. might go a significant way towards achieving the intent of building a £15bn operation.in Africa. Just saying...

They looked like a cross trade to me with a tidy £1200 spread

Thanks for the link. As a holder of Anglo - through Sirius! - interesting to read. Looking forward to a steadily increasing share price and ditto re divis with Anglo. And as and when Anglo decides to start driving its Zambian interests....I await developments with cautious optimism with the bulk of my Arc holding in my ISA....

Surprising but welcome continuing rise and a £9m buy today suggests some useful additional insitutional support.

Postponed to 13 Oct

Thanks - not the full article but no mind.

Blackrock increasing its holding so mostly positive.

Cheers

Marmion - can you please cut and paste the IC article. It's subscriber only. Thak you in anticipation.

Production of what and where please GT1981? And...if you're polite;y amenable, explain your rationale/how yhou arrived at whatever conclusion it is you've arrived at?

I hold over 3m shares so would be interested to hear your rsponse.

Thanks

$30 a tonne production costs they said previously.

I don't think Anglo has spent £5bn to date, more like £3bn incl acquisition cost. And if they/we can attarct an investor at say, £3/4bn, that should cover construction costs to first product. And as one of the brokers suggested, at over £200 a ton, Poly4 should be worth c£10bn at 7m tpa...and the objective is to get 10m tpa and longer term 20m tpa.

Such a long way to go, but a 20m tpa mine in 2024 could be valued at £25bn alone - roughly the same as Anglo's mkt cap today at £26bn.

Understood but most brokers - aka investors - will see this further and significant simplification of AA's activities and part of the desired rerating of the stock. And if the CEO and the board are correct, the shares will rise back in the short term with further rises if/when Woodsmoth is financed and if Zambia does turn out to offer another Tier 1 copper mine.

In the meantime, I'm happy to take this distribution as an unexpected bonus on my long-term AA investment.

As a holder of 10k plus shares, it's a chunky sum for a couple of years hols for me while AA itself picks back up to £30+...:-)

You/I are getting a c15% distribution (hand out/freebie) - a not insignificant amount in most peoples' lives...

Amplats shares curently trading around £27 each

Am a holder of both Anglo and Arc.

Anglo is divesting at a pace and Arc is awaiting assys from Botswana and crucially Zambia from its AA JV: the first three assays were highly encouraging and we're all waiting to see the final three look....

Y'day's announcement that Amplats shares are to be distributed (gifted) to Anglo shareholders at a rate of c15% to their shareholding - i.e. a c£10k Anglo shareholder is to receive c£1.5k of Valterra (Amplats new name) shares means there is little that Anglo wishes to divest now beyond the problematic De Beers diamonds which it seems will be sold or floated towards the back end of this year. 

We're now getting close to the position where BHP wanted the company - copper and premium iron ore. 

I don't believe Anglo has gone through all this simply to pretty itself further in the shop window for a renewed and higher BHP bid - although the broker Jefferies y'day said it did believe with Amplats divestment BHP will be back soon.

So Anglo is doing essentially everything it said it would and I believe it desperately wants to remain independent so...it needs to shore up further/accentuate the positives to ward off a new BHP bid at £30/£32. It said it would do as it has done and now it needs to say what new it will do to ensure future significant growth will take place. The recent Sakatti news was a positive as is the significant paying debt down which is taking place but I believe there just might be two chunky pieces of news which could mightily help AA persuade  its shareholders that the future is increasingly positive as an independent:

Woodsmith and Zambia copper.

AA continues to stress it will be three pronged - copper, premium iron ore and crop nutrients and has said it anticipates restarting Woodsmith in 2027. I would  ot be surprised if we see a statement in the next few months stating that a major third party is taking a 30/40% investment in Woodsmith enabling the site to crack on to production at nil further cost to AA and a significant source of future profits.

Zambia - Arc JV.  As above, three encouraging assays were released but three held back for whatever reason and Arc

shareholders are waiting with anticipation..... with Amplats now close to divestment, Anglo knows that BHP - and possibly others - will once again be looking at the slimmed down, clearly focused and highly profitable company and Anglo needs to shout about its future. If the assays are indeed equally encouraging or more, the announcement of a potential new Tier 1 copper discovery in Zambia with the potential for further discoveries across the 'highly prospective' area it is exploring with Arc, would - along with news of a c$32/3/4 bn third party Woodsmith investment - go a long way to support its case to remain independent. ..and demonstrate a clear path towards Anglo shares climbing back to £40 or more over the next few years, and stave off BHP and other suitors. 

Just sayin... 

Am a holder of both Anglo and Arc.

Anglo is divesting at a pace and Arc is awaiting assys from Botswana and crucially Zambia from its AA JV: the first three assays were highly encouraging and we're all waiting to see the final three look....

Y'day's announcement that Amplats shares are to be distributed (gifted) to Anglo shareholders at a rate of c15% to their shareholding - i.e. a c£10k Anglo shareholder is to receive c£1.5k of Valterra (Amplats new name) shares means there is little that Anglo wishes to divest now beyond the problematic De Beers diamonds which it seems will be sold or floated towards the back end of this year. 

We're now getting close to the position where BHP wanted the company - copper and premium iron ore. 

I don't believe Anglo has gone through all this simply to pretty itself further in the shop window for a renewed and higher BHP bid - although the broker Jefferies y'day said it did believe with Amplats divestment BHP will be back soon.

So Anglo is doing essentially everything it said it would and I believe it desperately wants to remain independent so...it needs to shore up further/accentuate the positives to ward off a new BHP bid at £30/£32. It said it would do as it has done and now it needs to say what new it will do to ensure future significant growth will take place. The recent Sakatti news was a positive as is the significant paying debt down which is taking place but I believe there just might be two chunky pieces of news which could mightily help AA persuade  its shareholders that the future is increasingly positive as an independent:

Woodsmith and Zambia copper.

AA continues to stress it will be three pronged - copper, premium iron ore and crop nutrients and has said it anticipates restarting Woodsmith in 2027. I would  ot be surprised if we see a statement in the next few months stating that a major third party is taking a 30/40% investment in Woodsmith enabling the site to crack on to production at nil further cost to AA and a significant source of future profits.

Zambia - Arc JV.  As above, three encouraging assays were released but three held back for whatever reason and Arc shareholders are waiting with anticipation..... with Amplats now close to divestment, Anglo knows that BHP - and possibly others - will once again be looking at the slimmed down, clearly focused and highly profitable company and Anglo needs to shout about its future. If the assays are indeed equally encouraging or more, the announcement of a potential new Tier 1 copper discovery in Zambia with the potential for further discoveries across the 'highly prospective' area it is exploring with Arc, would - along with news of a c$32/3/4 bn third party Woodsmith investment - go a long way to support its case to remain independent. ..and demonstrate a clear path towards Anglo shares climbing back to £40 or more over the next few years, and stave off BHP and other suitors. 

Just sayin... 

Airbus just announced three A321neos delivered to Wizz in Feb. Most other airlines had one or two deliveries.