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AAL - second bid from BHP rejected today.

https://www.theguardian.com/business/live/2024/may/13/uk-economy-output-ultra-long-mortgages-ftse-pound-business-live

"Anglo American has rejected a second takeover approach by Australian rival BHP that values the London-listed mining company at £34bn.

BHP said that Anglo’s board had not engaged with its offer, which came after an initial £31bn offer was also rejected last month. Anglo rejected the second offer on Monday, BHP said.

A takeover of Anglo, a member of the FTSE 100, would create a global player in markets for commodities including copper, potash, iron ore and metallurgical coal used for steelmaking. Copper is in high demand as a crucial raw material in the low-carbon energy transition because it is essential in manufacturing components for renewable energy projects and electric vehicles.

Anglo American had said the initial offer “significantly undervalues” the company, but some shareholders have indicated they would be willing to consider a higher offer.

BHP said it was disappointed by Anglo’s failure to engage…

…but Anglo insisted that the structure of the deal was ‘highly unattractive’, and that it would provide a detailed investor update tomorrow."

I see ria20 is back as janet2007 :-))

Thanks Janet

I will take my profits from here now and buy more Katoro Gold (KAT) as suggested

👍

The chart set up here really does look amazing.

As mentioned, take out of 0.16 and its a clean run up to 0.33 + and beyond.

Looking strong to go on a decent run over the coming weeks ahead

At some stage I wouldn't be surprised to see a wall of cash from all the old GGP crew sensibly wanting a position in here for Paul Johnson and Gervaise Heddle's next exploration venture.

Still flying under the radar, but once all the PR and media starts up, I see this moving north very sharply.

@DPR1881

Agreed, can see the MM's gaping this up strongly as news starts to land.

Fair value not reflected at all down here in the accumulation zone.

Some SP catching up to do here.

Https://zakstraderscafe.com/bulletin-board-heroes-may-12/9368/

From 7m07

"The big turnaround for the shares"

Just the start from down at these levels imo.

GLA

Sounds like an update in due to land this week.

Zak calling 1.5p on his charts by end of this month will be just the beginning of the move north for the SP here imo

The market cap here has a long way to go to reach fair value.

Chart set up looks amazing here.

Take our 0.16 next and its a clean run up to 0.33 + and beyond.

Looking strong to go on a decent run over the coming weeks ahead

At some stage a sub 0.01 entry will be locked out forever and when news lands I wouldn't be surprised to see this do 100-200%+ over a trading session or two.

Even then the market cap would still be ridiculously cheap.

It's 10 x to return the SP back to the levels just a few years ago and 50 x to 2020 highs so from a chart perspective not going to be much selling pressure on the way up a steep trajectory from here.

It's previously done a 10 x bagger moves inside a year from the 2019 lows..

Won't be surprised to see the new KAT Global does something similar

First target really should be the Warrant accelerator up at 0.5p will release a further £1.875m cash into the company & will be just over a 5 x bagger initially from the present SP so should be the first target here for holders.

It shouldn't take much volume to see a 1m m/cap cap zoom up to 5m m/cap once news starts to land.

Let's see what the old GGP crew of Paul Johnson and Gervais Heddle can do here with a new CEO incoming and all fhe connections that they have in the junior space.

GLA

Got to say he was screaming KAV at 0.6p

I was late to the party with my average just over 1p now.

All seem obvious after the event!

Expecting to see KAT do a similar double up & more in price from its present entry and good to see LW and a few of you guys getting involved also ahead of news landing.

@LW

Land a decent copper hit also and I agree

Dai, I suspect a fair few will take up the open offer while the MM's hold it around 2p thinking grabbing some at 1.5p will be a quick profit but by the time those shares become actually tradable there is no guarantee the price won't be below and the ones beought around 2p sat on a loss.

Add into the fact the placing may get pulled.. looks high risk.

I was considering buying first thing for a quick bounce play, but decided against it in the end.

Instead I'm just rounding up my existing portfolio holdings for a nice top up friday, then off to a sunny beer garden later on :-)

Anyone gonna try & catch the floor on this :-))

Placing at 29% discount to the 20 day VWAP

Evening all.

Another strong day here as things appear to be moving toward completion on the ANZA deal.

BG has taken a lot of heat regards share purchases however in this situation I think when he says he is unable to buy as he is 'party to material info' is probably accurate.

These 'fluid' discussions re ANZA will have been ongoing for over a year now.

So once the deal is across the line it would be good to see Brad take a chunk in the open market

Even Brad should recognise the positive impact that would have on the SP.

Anyway.... one final thought... Not sure how much it is going to cost GGP to move to 100% of Havieron?

But imagine If you could offer holders over there the opportunity to get 100% of their ground back having had $30m+ spent on it,.a cracking set of drill data... (all of which data set will be made available to OMI to release without prior consent for then 1st time ever once this deal concludes) and then use said data in moving the JORC past 2Moz+ at APTA alone.

Anyone else up for a couple more million Oz at PEPAS?

Then what could we be looking at across the whole district?

Is that Sprott oh the phone Brad?

Probably annoyed he can't buy down here until the deal is done.

GLA

Https://stockhead.com.au/resources/ten-bagger-how-do-you-pick-a-winner-like-azure/

Nice article.. also links to another article re uranium stocks having 10-bagger potential

Anything energy related / Copper / lithium / uranium/ battery metal.

Horults Atlantic Lithium (ALL) also gets a mention.

No one piling into ARV today after the last spike when their was an ASX trading halt.

Looks like all fhe aim investors are sensibly waiting this time to see what happens overnight with a potential fundraise on the ASX.

I do actually think this could be a good opportunity once the funding picture is made clear.

The Azure minerals shareholders all got their massive pay day today.

50 x bagger from its lows in the space of a few years.

That's the kind of multi bagger that we all need!!

Yeah, the limit orders I'd tried didn't even work when there was a) a seller and b) the open market ask was below my limit order price!

Probably because it's completely MM controlled atm they are only interested in open market buys atm..

Dated: 27 February 2024

Katoro Gold PLC ('Katoro' or the 'Company')

TR-1: Standard form for notification of shareholdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1. Issuer Details

ISIN

GB00BSNBL022

Issuer Name

KATORO GOLD PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Gervaise Heddle

City of registered office (if applicable)

Sydney

Country of registered office (if applicable)

Australia

Purchase of: 57,000,000 shares