London based Anglo American with worldwide operations has confirmed that BHP is bidding for a fair chunk of its assets including its prized copper assets. It is to be an all share based bid at a equivalent price yet to be disclosed. It may end up somewhere around US$35b to US$40b in value. That's a big cheque.
It is reported that it is the copper assets that BHP is badly wanting. And why is BHP buying existing mines? Because it is cheaper than the cost to develop a new mine. So I reckon its US$6.00/Ib as the incentive price. And, and if the BHP purchase eventuates the transaction will take out a big player, one of the few who can afford to develop a mine for $US6.00/Ib
It is getting tougher and tougher to get new mines open. If AIS can get its costs down and minimise 'Stay in Business Capex' the cashflow will pour in.
Cheers......D
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22.5¢ |
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Mkt cap ! $217.6M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 21.5¢ | $284.8K | 1.282M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 7999 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.0¢ | 432005 | 6 |
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No. | Vol. | Price($) |
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1 | 7999 | 0.225 |
5 | 149622 | 0.220 |
6 | 179196 | 0.215 |
9 | 459140 | 0.210 |
7 | 220234 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 402617 | 5 |
0.235 | 401656 | 14 |
0.240 | 269859 | 8 |
0.245 | 365472 | 9 |
0.250 | 741108 | 15 |
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