Post by
Stockmoves1 on Apr 26, 2024 8:33am
Mega Deals ...
The Hunt is on for major deposits. SEA likely gets swallowed up in the next year or two, and potentially includes ourselves? The copper component of TUD is growing. The Gold isn't a bad upside lol..
The Globe and Mail reports in its Friday edition that global mining companies' lunge for copper has intensified with BHP Group's unsolicited proposal to buy rival Anglo American PLC for $39-billion (all figures U.S.). The Globe's Eric Reguly writes that competing offers are expected. The offer marks a return to the megadeals that transformed the mining industry in the first and second decades of this century. If successful, it would be the biggest takeover since Glencore PLC's $90-billion merger with Xstrata, which owned Canada's Falconbridge nickel miner, in 2013. Based in Melbourne, BHP is the world's biggest mining company and is led by Canadian Mike Henry. If BHP's offer is accepted, the company would emerge as the world's top producer of copper, up from third-largest, according to RBC Capital Markets. The enlarged BHP would control about 10 per cent of the global supply of copper, a metal that is essential for electric vehicles, wind turbines, electrical grids and residential and commercial-property wiring. Last year, Glencore made a hostile, $22.5-billion takeover offer for copper-heavy Teck Resources of Vancouver. The bid was rejected, but Teck later agreed to sell its metallurgical coal operations to Glencore.
Comment by
paydirtontario on Apr 26, 2024 1:18pm
I can see Tudor bringing in a partner and drilling another season or two because of these super cells BUT AMK I believe will be the first out but I could be wrong on that Ken did say he wants one entity not three not sure how this will play out . . . change is coming however
Comment by
garzillalives on Apr 26, 2024 2:58pm
First: I don't like the "or two" phrase. Second: I don't think Ken has a choice, he can't force AMK to sell. Whoever buys Treaty Creek will buy all three companies.
Comment by
rockport1 on Apr 26, 2024 5:56pm
It shouldn't matter to Tudor if AMK sells, no operational impact. I also think the smartest thing for another party is to purchase either AMK (easiest), or both AMK and Teuton. They can then let Tudor pay the exploration costs while they have a significant interest in the project.
Comment by
Stockmoves1 on Apr 26, 2024 8:54pm
I believe you have a valid point ... BUT, assuming someone takes the 20% stake that AMK has in TUD, how does this help finance TUD, because this takeout would payout the shareholders only ... Unless the same company ups the percentage intake, what is the incentive?
Comment by
rockport1 on Apr 27, 2024 12:48pm
I don't think this helps Tudor at all, no significant impact. The incentive is for a third party, possibly bigger miner, to get a locked-in, meaningful interest in Treaty Creek at reasonable cost.