Daily Brief Energy/Materials: Anglo American, Ganesh Benzoplast , Loma Negra Cia Ind-Spon Adr, Southern Energy Corp and more

• BHP (BHP AU)‘s all-scrip unsolicited Offer for Anglo American (AAL LN), zeroes in on AAL’s copper assets as demand for the metal increases for use in EVs and renewable power.
• The proposal has been labelled highly opportunistic by some shareholders and South African politicians. And that the value of AAL’s Chilian/Peruvian copper mines are obscured by its sprawling business interests.
• The Offer remains conditional and non-binding. A transaction hinges off AAL spinning off its South African iron ore and platinum businesses. Expect AAL to reject terms, but remain engaged. 

• GBL was touted as a turnaround story as few investors have shown faith by infusing the funds for further expansion
• In a rare instance, one of the promoter member fraudlently took the loan of 45 crores in the name of the company
• What lies ahead is the case possible fund diversion and promoter family feud

• Recommend long position in Loma Negra Compania Industrial Argentina ADR´s (LOMA)
• Top cement and ready mix producer in Argentina with potential for growth
• Undervalued stock trading at $7.18/ADR with potential for significant upside to $11-$16/ADR, offering 50-120% returns from current levels

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• 4Q23 production of 2,793 boe/d and YE23 net debt of US$26.7 mm were in line with forecasts.
• The GH 14-06 #3 Upper Selma Chalk well delivered an IP30 rate of 5.2 mmcf/d.
• This is a good rate compared to the other Upper Selma Chalk wells of 2022-2023 which had IP30 rates of 3.3-6.5 mmcf/d.