Anglo Pacific Share Discussion Threads

[laurence llewelyn binliner] 22/9/2020 08:59

Update on the Dugbe royalty with HUM, now Pasofino (VEIN) have taken over ARX to move the project to DFS by September 2021.., another revenue stream coming our way as Kestrel phases out.. The Project is subject to a secured 2% net smelter royalty payable to an affiliate of Anglo Pacific Group PLC ("APG"). This royalty provides that following the date that is six months from the commencement of commercial production in the event that quarterly sales of gold produced are less than 50,000 oz, additional quarterly payments will be required until such time as the cumulative royalty paid is US$15 million (the maximum total payment in any such quarter is equivalent to the royalty that would have arisen on sales of 50,000 oz of gold). Following this period, the royalty is 2% except where both the average gold price is above US$1,800 and sales of gold are less than 50,000 oz, in which case it increases to 2.5% in respect of that quarter. US$15 million is repayable to APG in certain limited circumstances, such as a change in control of Hummingbird Liberia and the concurrent termination of the royalty by APG. Certain events of default under the royalty, (e.g. non-payment of the royalty), are secured by legal charges over the assets of Hummingbird Liberia and a legal charge over the shares of Hummingbird Liberia, including the shares issuable to ARX under the Option Agreement..

[buywell3] 21/9/2020 09:50

hTtps://www.youtube.com/watch?v=mseS0C421cU

[andyforster1] 21/9/2020 07:55

Glencore ships hard coking coal from its 4mn t/yr Hail Creek joint venture in Queensland and semi-soft coking coal from its other operations. The mid-volatile coking coal price rallied to $107.50/t fob Australia on 18 September from a low of $87.65/t on 11 September, while the premium hard low-volatile coking coal price increased to $124.55/t fob Australia from $114.45/t over the same period, according to Argus assessments.

[fizzypop] 15/9/2020 16:17

My Buy going through as a sell on LSE

[fizzypop] 14/9/2020 11:56

And we start the move up ...

[farmers son] 11/9/2020 16:26

maverick, has your IT Consultant friend on Sponge - who now seems to hang out in Mediterranean wine bars - got a good track record?

[quepassa] 11/9/2020 15:56

surprised that your employer and their client haven't sacked you by now after 100% blowing your and their cover. Oh dear. been so quiet without you but now, rest assured, you will spread lots of bad karma and bad vibes which will have exactly the opposite effect of what you, your employer and their client want. Oh dear.

[pockstones] 11/9/2020 15:40

Well done Que

[maverick247] 11/9/2020 15:05

https://spongeshare.com/2020/09/09/anglo-pacific-ticks-my-boxes-5-reasons-why/

[quepassa] 03/9/2020 18:13

surprised that your employer and their client haven't sacked you by now after 100% blowing your and their cover. Oh dear. been so quiet without you but now, rest assured, you will spread lots of bad karma and bad vibes which will have exactly the opposite effect of what you, your employer and their client want. Oh dear.

[pockstones] 03/9/2020 17:27

Welcome back Que last time you were Here Apf was on its way to 160 and a juicy dividend so it is good to have you back I am much cheered

[farmers son] 03/9/2020 16:38

Suggests a reasonable entry point for Whitehaven if you're in the market for a cyclical mining operator. Anglo looking for a (double) bottom at £1. Would be nice to see some stability at £1 to £1.20

[quepassa] 03/9/2020 08:20

Horror story. Whitehaven Coal share price:- A fortnight ago on 20th. August A$1.28 Today A$0.86 Beginning of 2020 A$2.57. DOWN 75% YTD ALL IMO. DYOR. QP

[paleje] 02/9/2020 07:30

Directors clearly think it will be rewarding:) Not huge but good time to see them buying, looks like you were right to average down Icwanderer.

[lcwanderer] 01/9/2020 18:03

Yes this is top-up territory in my book so I averaged down a lot today. Might still languish for a while in the absence of news but patience should be rewarded at this price.

[farmers son] 01/9/2020 17:40

This isn't shooting back to the 150s, but I added today as Market cap is still well below book value, even following the Kestrel revaluation, so this feels like it's trading as a commodity-linked bond with a 10-15% discount to par and quite a bit of pricing upside, assuming a moderate economic recovery. Discount rates used in the asset valuations vary significantly, but 6.5% seems to be the minimum. Held over a 3 year period from this level I'm aiming to see >25% gain on capital with limited downside. A real deflationary breakdown in pricing is the tail risk.

[melody9999] 27/8/2020 10:59

Thanks TD - on the JT summary he ends with 'Announcing further transactions during the remainder of the year.' Overall very disappointing but it does feel like the worst is behind them now.

[the deacon] 27/8/2020 09:21

Kevin Flynn on the interim resultshttps://youtu.be/Epo__ayJ3mI

[the deacon] 27/8/2020 08:54

https://www.brrmedia.co.uk/broadcasts/5f463beab14d87262643bf0c/angelo-pacific-group-half-year-results

[wallywoo] 27/8/2020 08:30

This is not a large corporate employing lots of staff with huge infrastructure costs. Its a lean mean royalty machine designed to pay most of what it makes out to investors, perfect for an ISA, IMO It trades at a discount to net assets, which in turn are conservatively valued. Bargain, low risk stock!

[the deacon] 27/8/2020 08:05

So is central bank stimulus... The ying for your yang..

[buywell3] 27/8/2020 08:03

Silly IMO to maintain dividend Cash will be needed Covid-19 is here to stay for a long time according to many scientists and Health advisers dyor

[laurence llewelyn binliner] 27/8/2020 08:01

Interesting to see that while revenue was down 40% during H1, the correlation to the share price is almost identical and minus 40%, and now we know revenues will be stronger in H2, with encouraging progress at developing royalties too.. :o) Dividend maintained, and over the next 3-5 years existing royalty streams will replace Kestel adding value, new royalties will also also be added further increasing value..