Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (33293)	6/22/2009 9:17:25 AM
From: E_K_S	Read Replies (1) of 78628

Jun 22, 2009, 7:37 a.m. EST Anglo American rallies on Xstrata bid approach marketwatch.com From the article - LONDON (MarketWatch) -- Shares of Anglo American rallied on Monday as investors bet that the mining group will reject a merger proposal from rival Xstrata and demand a premium for a deal to go through. Xstrata said in a statement that it sees "substantial operational synergies" and reports indicate that Xstrata sees those savings amounting to $1 billion a year. The companies both, for instance, have coal assets in Australia and South Africa. "Merger and bid proposals normally flush out unseen value in major mining companies as boards compete to show which company has greater value. Previously unseen projects and overlooked assets may come to the fore and hidden businesses may be sold to realize cash," said John Meyer, an analyst at U.K. brokerage Fairfax, in a note to clients ================================================================ It seems like a good one to continue to hold as the hidden value from all of their natural resource assets are now in play. Specifically AAUK has substantial platinum holdings in AGPPY ( finance.yahoo.com ). This one might be a good one to add as it is trading near it's low, pays a huge annual dividend (every August), is thinly traded on the pink sheets and Xstrata is said to be quite interested in these (platinum) assets. Platinum is used in the production of catalytic converters ( en.wikipedia.org ) and AGGPY is one of the few producers in the world that mine this specialized metal. I own both AAUK and AGPPY as core holding in my portfolio since they provide a good equity hedge against inflation. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next