Market's view on Botswana Diam
Published on April 2024
- Anglo American is reportedly considering selling its diamond business, De Beers, with potential buyers including luxury houses and Gulf sovereign-wealth funds.
- BHP has made a bid for Anglo American, planning to retain De Beers and its copper mines while excluding its platinum and coal assets.
- Concerns were raised about a company’s board leading to significant financial losses, citing over £48.5m losses and projects without sales prospects.
- A stock watcher criticised another for not seeing the apparent failures and continued support of a poorly performing board.
- Criticism about the effectiveness and success rate of exploration projects linked to several companies managed by the same key individuals.
- There is skepticism around the claimed potential of a new discovery near KX36 in Botswana, questioning the over-reliance on AI for geological findings.
- Questions were raised about the business size and credibility of a company called Planetary AI involved with another company in exploration projects.
- Concerns about jumping on the latest trends like AI and Lithium without substantial backing or success, suggesting it’s a narrative to keep funding ongoing.
- Overall, there is a mixture of skepticism and cautious optimism surrounding the management, strategic decisions, and technological adoption in resource exploration and mining sectors.