Blog > Archive by tag 'Xstrata'
Xstrata (XTA) has dropped its $10 billion hostile takeover offer for Lonmin (LMI), or has it? Xstrata’s new investment could be a step toward a cheaper buyout attempt six months from now.
by Stephanie Grimmett
Baltimore — (TFN): Just as predicted, Xstrata (London:XTA) walked away from its hostile bid to buyout Lonmin (London:LMI) today. But [...]
Tags: british takeover panel, buyout, credit, hostile, lmi, lonmin, market, mining, moratorium, platinum, stephanie grimmett, Xstrata, xta
Lonmin’s CEO shocked the world by stepping down three days before the Xstrata (XTA) deadline. But the exit of Brad Mill leaves investors wondering not whether Lonmin (LMI) will accept the offer but if Xstrata will back out before it can.
Baltimore — (TFN): Three days before the Xstrata (London:XTA) bid deadline, and Lonmin [...]
Tags: brad mills, ceo, chief strategic officer, copper, ian farmer, lmi, lonmin, platinum, stephanie grimmett, Xstrata, xta
Xstrata (XTA) has a week to formalize its bid for Lonmin (LMI) but the market says it “ain’t gonna happen.”
I think Xstrata may have taken my advice to heart. A couple of months ago, I advised investors to stay away from Lonmin, and now it looks like Xstrata’s going to do that very thing. [...]
"It’s important that we get back to the fundamentals of supply and demand. Some commodity prices have held up and even continued to rise. These tend to be those where the price is set by contract negotiations." — Bradley Mitchell
Blogger’s note: Ever wonder where professional traders are putting their money? Well, now you don’t have [...]
Tags: banks, bear, bradley mitchell, bull, coal, Commodities, commodity prices, contract negotiations, ifl, international ferro metals, iron ore, metal prices, miners, mining, Moneyweek, supply and demand, Xstrata, xta
"The worst rout in the history of commodities may be ending, signaling a replay of the 2006 tumble that preceded a doubling of prices in the next 17 months." — Madelene Pearson, Bloomberg News
Blogger’s note: Depending on which camp you belong to, the recent dip in prices either means the commodities supercycle [...]
Tags: bernanke, bhp, boom, bust, china, Commodities, dominican republic, gsci, index, India, inflation, nestle, nickel, oil, standard & poor's, supercycle, trichet, Xstrata
"This isn’t good news for the platinum miner, which says it’s being grossly undervalued and Xstrata is just taking advantage of the recent slide in commodities prices to lowball Lonmin." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): Xstrata (XTA:London) is loooking to buy, and it’s not too particular about how.
The British-Swiss [...]
"Commodities, which have surged with the help of the freshly minted Chinese economy, are reaching the end of their boom as the larger mining companies start squabbling over their smaller competitors." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): British coal miner New Hope Corporation and multinational commodities corporation Xstrata are wrestling over Australian colliery Resource [...]
“I am near-certain that the $1 microcap nickel mining stock I have uncovered could hit $8 by January 15, 2008. In the long run, it could make early investors 16-24 times your money.” — Andrew Mickey
TFN
Baltimore — (TFN): Take advantage of the commodities boom! Andrew Mickey, founder of Small Cap Commodity Prospector, explains that [...]
Tags: Commodities, Companhia Vale Do Rio Doce, finance, Financial, metals, nickel, NILSY:Pink Sheets, Norilsk Nickel, resource stocks, RIO:NYSE, XRASF:Pink Sheets, Xstrata