BHP is bidding for Anglo American. Initial reports suggest BHP is uninterested in AAL's nickel, with no discernible synergies with NickelWest. Also, AAL is the 40% owner with S32 of their Manganese JV.
Expect GK & team to bid for the Barro Alto and Codemin nickel mines in Brazil which produce ~40kt pa. Given Nickel's recent oversupply problems with fresh production coming out of Indonesia, the mines are likely to be inexpensive.
In manganese, the JV partner would have pre-emptive rights should the other wish to sell. A third-party buyer would be getting a passive 40% with S32 the operator, so cheap.
No problems. Watch and wait.
Ash
BHP is bidding for Anglo American. Initial reports suggest BHP...
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Last
$3.58 |
Change
0.030(0.85%) |
Mkt cap ! $16.21B | |||
| Open | High | Low | Value | Volume |
| $3.57 | $3.61 | $3.56 | $172.7M | 48.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 84682 | $3.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 2786 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$3.59 |
Change
0.030 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $3.57 | $3.61 | $3.57 | 8318248 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| S32 (ASX) Chart |