Member Info for PheasantBoy

Interesting piece in the FT. The one reference to Anglo follows. One of the better informed on this board can hopefully clarify or confirm more but my understanding is that Anglo is exploring for copper in Finland, DRC - marginal at this stage - and of course Zambia. Wanblad's comment sounds like there's more to it....

Duncan Wanblad, CEO of Anglo American, told the Financial Times in February that his company was prioritizing copper exploration. “The world has really underinvested in exploration for a very long time,” he noted. Anglo American, a FTSE 100 company, is currently restructuring its portfolio to focus on copper and iron ore.

Duncan Wanblad, CEO of Anglo American, told the Financial Times in February that his company was prioritizing copper exploration. “The world has really underinvested in exploration for a very long time,” he noted. Anglo American, a FTSE 100 company, is currently restructuring its portfolio to focus on copper and iron ore.

Hi Seis - always enjoy your posts but someone building a position? Really, just over 5m bougt according to LSE's formula, not that much greater than my relatively modest holding, which I wouldn't dare call a 'position'...

Would be good if you're right but my guess is some tipster or investment club may have highlighted Arc and its risks/potential rewards. Let's see, those assay results one would imagine should materialise in the next month or so...good luck to all of us holders...

Look forward to that👍🏼

Let's hope so.

Quick query - whrre is the c£70k of purchases this morning - I can only see c£35k of buys?

Thanks

What's the UBS initiative please?

And his wife has just added

From a contact in SA.

Just a quick reaction from Magofa - our in house metallurgist who manages our minerals division.

"These look good.

Most Zambian mines are feeding into the concentrator plants less than 1%Cu feed.

So these exploration results at above 1% are quite interesting

👍🏼👍🏼👍🏼👍🏿👍🏿👍🏿

Https://www.angloamerican.com/media/images/elt-member-photo-downloads

Https://znbc.co.zm/news/anglo-american-keen-to-invest-in-zambias-mining-sector/

Thanks to Seis/Fulmar for posting this link. Have searched for who the other fella is - not HH or DW - and it's Richard Price, head of Legals at Anglo...contracts at senior level require executive face to face meetings before underlings are brought in to complete the minutiae...

warms the ****les of peggy's heart....

Blue?

Bots assays next week he said

Thoughts anyone?

It would appear so. But it's almost pathological and certainly unusual for a City firm to be so emotional. On the flip side this week was an article in Mining Journal - which unfortunately no one seems able to access - whose into alluded to things about to turn up fir Arc and its tenacious and determined boss NvS...you pays your money...I hold 2.7m shares and am down by c40%...if Bots delivers it will be a bonus. I bought in having learnt Anglo was buying back into what it had previously owned....that is a rare occurrence and so I felt an unusual opportunity to 'fill my boots' to paraphrase Mr Angel before he was indeed sacked as Fulmar noted....

Ps...and then Friday delivered another 'mysterious rise'.....😉

Has such a downer on Arc. It's passionate in its depth....others seem impressed by NvS...I'm hoping the latter, but here's a contrary view...

Arc Minerals (ARC LN) 1.99p, Mkt cap £28.82m – Arc Minerals shares mysteriously jump higher

(Anglo American holds 70% of the jv with Unico Minerals Limited with Arc Minerals holding the other 30% through Unico Minerals. Unico Minerals is a 67% jv with 33% held by Kopara Investments. Arc also holds 75% in Alvis-Crest (Proprietary) Limited which holds two licenses in the Kalahari Copper Belt, known as Virgo covering >210km2, around 10km south east the recently commissioned Khoemacau Copper in Botswana.)

Arc Minerals shares have been trading around 1.6p/s for over a month but suddenly jumped higher yesterday to 1.97p/s.

There is no news from the company and no particular reason for the shares to mysteriously jump in the current market environment that we are aware of.

We suspect Anglo American, Arc’s jv partner in Zambia is distracted by the prospect of a further approach by BHP.

We also suspect Arc and Anglo are still working through some license issues with the Ministry of Mines in Zambia.

There is speculation that assays from the Virgo license in Botswana are about to be reported but we note there is reason to describe this as any form of deposit unless someone has found a substantial pile of animal dung and no hurry for any of Arc’s neighbours in the region to take more than a cursory interest.

Conclusion: Given the excessive and shameful salaries and bonusses paid to and owed to board members we urge caution in Arc Minerals shares. It is our view that the majority of shareholder funds should be spent on the ground and not on lining the pockets of company directors, ref: our note of 1 August.

Indeed...."well sequenced growth options, including a clear path to increase annual copper production"...Zambia , 300k tpa and 7/10 years hence to full production felt vaguely familiar....:-)

Wanblad's concluding statement...suggests a forecast increase of 200-300k tpa in copper in a decade or so...

This highly cash generative and much higher margin portfolio will offer greater resilience through cycles with the benefit of significant high quality and well sequenced growth options, including a clear path to increase annual copper production to more than one million tonnes by the early 2030's."

Thanks Seis - it is indeed. But as my posting enquiry....is anyone able to access the article and repost as I don't subscribe to said journal and it's behind a paywall...