RE: Anglo American PLC 3rd quarter results extract21 Oct 2021 08:08
My concern is that PGM prices are down significantly from Q1 due to lower car production so any higher production will be offset by lower revenue? It may bode well for next year if PGM prices recover? Still think we need Copper production in volume for the SP to make its next move up!
Mikie, I’m interested in why the recent placing was at North of 16p and hoping the quarterly update helps with this? I assume good news is on its way otherwise the placing would have been at a larger discount?
Personally as long as Cobalt becomes a nice little earner on top of Copper I’m not overly worried about the numbers being bandied about. What is more interesting is 40 years of tailings. Would have thought they would like to bring this forward if they can. Wonder if they’re looking to increase capacity further?
A few points to temper expectations. The cobalt rich part of Elephant isn’t the whole £114m, just an unknown percentage? We only pick up 80% of the net income and it is not clear what the actual recovery percentage of the actual Cobalt is? Probably not the whole 0.08%!
Tjate will sort itself out in due course and we’re not really in control of the process. Personally I’m more interested in current cash generation and where this can take us! Further expansion or now enough space for a dividend earlier than expected?
Absolutely not an expert on this stuff but I can imagine the level of press interest once JLP start to clean up Kabwe! Small company cleaning up world’s most polluted town says it all! That, in itself, is surely going to put 5p on the share price!
Mikie, I’ve been wondering the same thing about why we can’t shift up the SP? My thought is we will have to have that first set of real production numbers to really move the dial? Then it becomes real?