focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Lab diamonds cost about the same to produce as natural ones. When it comes to industrial diamonds there probably isn’t much difference between the two . Natural diamonds will always attract a premium, especially from high end jewellers, who would not be seen dead using lab grown diamonds.
We don’t know that the bidding process is over. If it reaches circa £30, this will almost certainly be cause for greater consideration, particularly from IIs.
If there were no market, they wouldn’t have bought it in the first place.
Capita Farm has been suffering from serious bouts of foot in mouth for 6 years now. This year may be different, but the odds aren’t good.
Yes, they ought to be throwing everything but the kitchen sink at getting Woodsmith completed and operating. They will get chump change if they dispose of it now, versus a one century money spinner, if they get it finished.
Glencore might make their move, now that BHP have had a couple of goes. I agree that it doesn’t really matter if the bidding dries up. I think that the diversity of Anglo’s interests, which are currently viewed as a liability, will turn out to be its strength in years to come. People are just too impatient these days.
….although BHP’s sp hasn’t budged, so maybe not. (Glencore is up too).
I wonder if the cat is out of the bag re BHP’s revised offer. 28p?
Every time I’m tempted to take a position here, I’m reminded of the woeful yield and how I can get more from a savings account (or a better yielding blue chip). Share buybacks are better than nothing, but a >5% dividend ought to be the priority for most Footsie companies these days.
No change, but perhaps more doveish noises.
(If we make it to 56p my Lloyds holding (inc dividend reinvestments) will become a two-bagger.
Two new articles in The Times have Glencore as the favourite (suggesting that they are holding back, pending a renewed BHP offer). Analysts are quoted saying that an Anglo-Glencore tie-up may offer significant synergies, adding value to the merged groups. Given the prospects for net zero metals, particularly copper, it's hard not to see any outcome being advantageous to investors, in the medium to long term.
Bidding war in prospect as Glencore mulls move for Anglo American
https://archive.ph/thvBJ
Buyers ready to dig deep for world’s miners
https://archive.ph/FMv3M
I notice that the market reports in the financial press have skirted around the Phoenix rise, like it didn't happen, so clearly they are at a loss to explain it.
Interesting, though not altogether surprising, news. One idea doing the rounds is that Glencore could pitch a simple all-share merger to Anglo, without the conditions that complicated BHP’s offer. I don't hold Glencore, so this would be my preferred scenario. In any case, the report should send the sp rocketing again tomorrow.
Investors seem to be keeping everything crossed for AH's June statement. Will it be the panacea everyone is hoping for though? What if he announces the need (or possible need) for a capital raise? He might be able to spin it as a 'necessary step on the road to recovery' but it will probably send the sp down to 5p.
From today's FT:
Who are Anglo American’s possible suitors?
https://archive.ph/Rohha
I'm not sure how Capita is 'ripe for a takeover bid'. All of the most lucrative bits of this business (i.e. those with growth potential) have been sold off. Let's not forget that the original turnaround plan was for Capita to offload the parts of the business they are now left holding. These leftovers might be saleable post-administration, but it's hard to see anyone wanting to pay good money for them at the moment.
Capita's only hope now is to slowly haul its behind into profitability, while not making any major blunders (which, as everyone knows, is a big ask with this company). That may be achievable, but it might also require further fundraising, which will drag the sp even lower.
Gertfrobe. Sirius Minerals went bust four years ago and sold the project to Anglo, so quoting the former is pretty irrelevant. Anglo’s completion timeline has been a little more realistic. I’ll be happy if it’s up and running in a couple of years.
With dire forecasts about global agricultural soil viability, I think Woodsmith has the potential to be a huge money maker for decades to come. As a division of a traditional mining company, it probably is a bit off-the-wall, but I think it would be a mistake to dispose of it, especially given that the project is relatively close to completion. Instead, pump more money in to getting it completed and into production.
There are a couple of articles in The Sunday Times regarding further possible Anglo takeover scenarios. The prospect of a Glencore all-share merger with Anglo, without the conditions that complicate BHP’s offer, sounds particularly attractive.
Glencore is the predator to watch as Big Aussie stalks Anglo American
https://archive.ph/iSHFP
Inside BHP’s Anglo American bid: the £31bn tug of war over copper
https://archive.ph/mbhwu
Nudged past £27 for a few minutes today. Let’s hope it’s a sign of things to come. Surely an offer of £28-30 can’t be far off - and it may not be from BHP.