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
$3.65 |
Change
0.030(0.83%) |
Mkt cap ! $16.50B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.66 | $3.62 | $47.89M | 13.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 65666 | $3.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 407482 | 16 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$3.64 |
Change
0.030 ( 0.76 %) |
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| Open | High | Low | Volume | ||
| $3.65 | $3.66 | $3.63 | 5013746 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| S32 (ASX) Chart |