| | | AAUKY - not sure that the results suck more than expected <g>. The last thing they published was a production report in April (i believe) that sounded OK.
The SA situation for the platinum operations restructuring keeps dragging out and I don't see much on the leadership transition ; Cynthia was a total failure and is on her way out (a positive!), but I am not sure who is going to replace her. The China situation does not impact AAUKY as much as let's say RIO or VALE, since it is more diversified than those, which relay on iron ore more so than AAUKY.
I actually bought some VALE too yesterday at 13.1$. After all, they do own probably the best iron ore assets on the planet, with respect to production cost and the stock trades below tangible book. Difficult to make the case that they go out of business even in a downturn. They had a nice sale of some gold royalties to FNV for 2.5B$ a while ago, which is for 25% of their gold mines. And that is just a side business, as is fertilizer.
And FWIW, the protests don't seem to affect VALE so far, in fact if Dilma would be removed from her duties as a consequence of the unrest, I think it would be a positive. |
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