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Rabbithop said:
Only my opinion...I hope BHP will stick to it's plan...should be the last offer n walked away now.
There are ma y fishes in the pond.
3 offers n each offer attempt is better to Anglo
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i just hope BHP don't wander off and try for ZIM ( i hold ZIM ) and i am doing OK there but then again an all scrip deal at a fair premium ...
 

BHP Teams Up with Kingsrose for Nordic Exploration​


thebull.com.au

BHP Teams Up with Kingsrose for Nordic Exploration

Kingrose Mining share price (ASX: KRM) added more than 20% in trading on Wednesday as news of a partnership with BHP emerges
thebull.com.au thebull.com.au

i hold BHP and have held KRM in the past ( it was a real mangy mutt for me )

BHP must have lost their minds ( and think global warming will allow all year mining in Scandinavia )

surely they already part-own enough greenfield/brownfield projects when they took over OZL ( and all of them in sunny Australia )
 
*** Kingsrose Mining, while smaller in scale, is also listed on the ASX and comes with its expertise in efficient, targeted mining operations.***

could i have a second opinion on that ??

it fell from $1.17 in August 2012 to today's close of 4.8 cents , that reeks of 'efficiency ' to me ( sarcasm )
 
why I'm not an a n al y st:

Liberum said it thinks that the success of BHP’s bid comes down to “whether BHP can mitigate the risk of the proposed structure for Anglo American shareholders” by 29 May.

“BHP have already offered to bear the brunt of the demerger costs, a possible $US2 billion of capital gains taxes and lost $US12.5 billion of market cap. Can or will they underwrite/offer downside protections for the spinoffs? Are Anglo’s board & management genuinely engaging or throwing a bone to the pro-deal shareholders? Deal more likely than it was, but still too much of a stretch.”

Liberum also noted that so far BHP has been prevented from looking at Anglo’s books and therefore, BHP cannot make any estimates on the possible synergies between the companies, beyond simple assumptions on removing corporate overheads
 
You ask for an opinion...Give it up mate. It's downhill till it evaporates into thin air.😪
divs4ever said:
*** Kingsrose Mining, while smaller in scale, is also listed on the ASX and comes with its expertise in efficient, targeted mining operations.***

could i have a second opinion on that ??

it fell from $1.17 in August 2012 to today's close of 4.8 cents , that reeks of 'efficiency ' to me ( sarcasm )
Click to expand...
 
Dona Ferentes said:
why I'm not an a n al y st:

Liberum said it thinks that the success of BHP’s bid comes down to “whether BHP can mitigate the risk of the proposed structure for Anglo American shareholders” by 29 May.

“BHP have already offered to bear the brunt of the demerger costs, a possible $US2 billion of capital gains taxes and lost $US12.5 billion of market cap. Can or will they underwrite/offer downside protections for the spinoffs? Are Anglo’s board & management genuinely engaging or throwing a bone to the pro-deal shareholders? Deal more likely than it was, but still too much of a stretch.”

Liberum also noted that so far BHP has been prevented from looking at Anglo’s books and therefore, BHP cannot make any estimates on the possible synergies between the companies, beyond simple assumptions on removing corporate overheads
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My opinion still remains the same..Give it up..3 good attempts with not looking into Anglo's books? It's fishy don't you think so?
 
Rabbithop said:
My opinion still remains the same..Give it up..3 good attempts with not looking into Anglo's books? It's fishy don't you think so?
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Aesop said a bird in the hand is worth two in the bush, it’s a similar story here, BHP just has to estimate how many birds they can pull out of Anglo mines over the next 20 years vs how many birds in the hand they have to give up today, and discount that at an appropriate interest rate.
 
BHP requests more time for Anglo negotiations

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BossMan. said:
Just now - Anglo America has rejected the deal extension. Only a few hours left wonder if we will see a desperate attempt with a higher offer price.
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you beat me to it !!

Anglo American has rejected BHP’s request for more time to negotiate a takeover offer, meaning the deal is off for at least six months, unless BHP lobs a formal bid by 2am.
 
Rabbithop said:
Good job. BHP walked away.
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I'm glad BHP walked.

Anything to do with South Africa is problematic. Even though the structure of the bid would have ensured Anglo paid the goons in the ANC the kickbacks to get it over the line, there would have been repercussions with whistle blowers etc.

Anglo is buggered now. If I was a shorter I's be shorting Anglo.

gg
 
DJ BHP Failed to Take Over Anglo. Will It Take Its Coal Mines Instead? -- Market Talk
BHP
down
$44.41
-$0.40 (-0.9%)$44.40$44.41
04 Jun 2024 12:31:32
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0229 GMT - BHP may have had to walk away from its takeover bid for Anglo American, but the world's No. 1 miner could still seek to acquire its rival's metallurgical coal "crown jewels," the Moranbah North and Grosvenor mines, according to Jefferies analyst Christopher LaFemina. He reckons it might make strategic sense for BHP to buy those assets, which Anglo is expected to sell as part of a planned restructuring. However, the mines may also be of interest to Glencore, he adds, while Peabody makes sense as a potential buyer as well. "Anglo's Dawson, Capcoal assets and interest in Jellinbah could be attractive to pure-play Australian operators, financial buyers and Japanese/Indian steel consortiums," LaFemina says. He says those assets could be a fit for a number of companies, including Whitehaven, Yancoal, Stanmore and Coronado. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 03, 2024 22:31 ET (02:31 GMT)


would be crazy if they did , they just offloaded Queensland coal mines to WHC

i hold WHC ( 'free-carried' ) and BHP
 
the platinum arm ( of Anglo ) , i could see some logic there platinum ( and related co-products wouldn't hurt too much

but diamonds would they really want those as well since the EU sanctions made India a big competitor in finished gems

but let's see what that do next , they have plenty of current projects they can accelerate if the money in the war chest is too hot to hold
 
5/6/24 9.55am.

In My Opinion

BHP Punters are reflecting “Total Confusion on the Chart”….

The BHP SP is currently sitting within the “BCF & the 100 day LR Sell Zones”…

The BHP DMI is suggesting further ST Sideways movement….

And BHP does not like that $50.00 Glass Ceiling, so the chances of significant upside is Limited…

BHP’s ADR was down another 2.21% O’Night…

BHP’s Board need to stop making the wrong decisions, wake up to themselves, and start Cherry Picking individual projects that suit their current profile…

Then need to stop being Giant Killers – Anglo was a step too far….

BHP Cht 20240605 0950hrs.png


Cheers...
Dr.
 
i think 'bemusement ' would more apply to me , rather than 'confusion'

am waiting to see what the bottom line is, after all the recent gyrations in BHP over the last 2 years
 
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