Today's AFR interviews AAL CEO saying no decision on selling their 40% of the manganese JV with S32.
AAL's platinum, diamond, nickel and coal operations are definitely up for sale.
S32 may or may not be interested in nickel, as I opine above. https://hotcopper.com.au/posts/74069308/single
GK & team have ready money, want operating metal mines, know Brazil and already play in the nickel market.
At a minimum, an AAL transaction puts a contemporary valuation on Cerro Matoso.
Watch and wait.
Ash
News: S32 UPDATE 1-South32 CEO Kerr says open to buying joint Anglo American manganese assets, page-15
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Last
$3.09 |
Change
0.060(1.98%) |
Mkt cap ! $13.99B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.11 | $3.04 | $34.15M | 11.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 102483 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 44755 | 4 |
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| S32 (ASX) Chart |