focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Indeed
Fulmar - you do get a lot of grief from half a dozen determined naysayers nut you also seem to post credible info. As some others keep saying, it's all down to the copper in the ground and as holder of AA as well, I'd be surprised (extremely) if AA's significant interest doesn't bear fruit in due course although perhaps longer than some/many would like.
Anyway, I checked out the Galileo pages and there was an interesting from the share board with a new angle which appears substantiated.
"FYI for those in ARCM, Jubilee and various Zambia copper explorers - India is sending a delegation to the country to seek out opportunities - including several majors. Would argue there will be at least a couple of JV deals soon when companies don't have something in place yet.
So you can now add India to the growing list IMO. Interesting."
And here's a link to an Indian paper.
https://indianexpress.com/article/world/india-zambia-industry-delegation-copper-mining-opportunities-in-zambia-mining-projects-copper-minig-9120883/
Western, China and now Indian corporate interest. Bots and Zambian licences both have attractive if not potentially compelling attraction...
Didn't know about Bumi but googled it to see that Nat R lost out in the spat and here's a clip form the Times:
It is understood that several large London institutional shareholders have signalled support for the current board for the time being (in the dispute with NR).
He is also well regarded by AA from his days there which to be fair is stating the obvious given they have paid handsomely to buy back into assets they used to own and with their former colleague at the helm.
I am Craig and have been topping up over the year. Too early to call on why or iff/how the FD's departure will affect the company and its plans. The objective at float in Dec '21 was to drive growth five fold to c£100m mkt cap over the coming years. Current worth is half of float but environment against it. I'm down but the potential upside in 3/4 years if even £50m cap is achieved would be satisfying and lucrative. Good luck to our company
Thank you.
Does anyone know if it's still happening please? Just logged on but nothing there?
There won't be a counter bidder. Anglo and NvS will reach an amicable and equitable agreement I feel. And hopefully at many multiples - I'm holding just shy of 3m of the buggers!
Enjoyed reading the broker's report and lots of chunky and tasty material there but....there are more than scenarios, some of which include not finding any meaningful commercial deposits for AA and which would tickle Arc up to 10 or 15p with additional equity if decided to go alone. But...I think more interesting and actually likely is finding two or three significant deposits. Remember the old AA hit list of 20 years ago with 20 or 30 potential sites within the area.pst of which were acquired by Arc. One of these, can't remember which was actually only half way down AA's list of most potentially significant, has gone on to become a large output site for Quantum or one of the other majors. AA knows much of the area already and their technology has moved on massively in the 20 years since they left Zambia. Plus Arc has been undertaking lots of its own new exploration. My guess is AA will find at least two, maybe three significant finds and two or three other deposits of copper and other minerals which are smaller and of less commercial interest for AA but still command investment from Arc or new JVs. If WHI believe a multiple of 15 times is possible with their scenario of just one significant commercial deposit...ideas on 2 or 3 significant deposits plus 2 or 3 other useful mineral deposits. ....30, 40, 50 times if comes to fruition...is actually far from improbable. NvS knows this. Remember he was at AA several years before Arc....and he has/had inside knowledge and access.
Thanks for the links. I also see Berenberg has issued a report questioning product adoption. Does anybody have access please to their report?
Thank you for the links. Really informative.
Thank you
@smallholding. What did he actually say please?
Thank you.
Can someone please cut and paste the article, am not a subscriber. Thank you
Thanks EC - UK revenue indeed a minority issue. Interest rates starting to stabilise/looking like lower in a year. Debt with a fleet c 3 times the size in 5 years is an issue. Depends I guess whether the CEO, board and US backers believe they can and will fully utilise the enormous fleet. Am cautiously betting they can .. 🤞
Can someone please copy the article on this thread if possible - I'm not a subscriber? Thank you.
Price on Stock Ex site rose to 3.05 this morning before dropping back to 2.65. Two days of gentle increases. Lord knows what next. Lots of very recent stuff on AA and Zambia to be found on Google News - engagement on tax conference, transparency, transportation- new railway line proposed by Glencore linking - land locked Zambia with DRC and west coast and AA support etc...all this for a company with no - public at least - interest in Zambia beyond its confirmed agreement with Arc.
Rerating
Gertfrobe- they also said they're investing another $800m in '23 and are more confident than they've ever been that they have bought a fertilising diamond. I am so looking forward to the Woodsmith public announcement and an upwards relating of AA shares...
Indeed. No suggestion from me of anything untoward. And Worley seems to knock out mines, shafts and tunnels in spades....and has worked with AA on copper mines. Just Wish I could get a sense of whether this means a new phase of momentum or AA managing its risk....