Anglo Pacific Share Discussion Threads

[amitkoth] 16/5/2011 11:43

IMS being released tomorrow morning now

[haywards26] 14/5/2011 15:15

APF have acquired more shares in Yorbeau

[christh] 13/5/2011 12:52

DOW JONES INDUS. AVG 12,695.90

Opening at +65.89 0.52% 05/12

[christh] 13/5/2011 12:27

Copper gained as much as 1.9 percent to $8,895 a metric ton, the most since April 28. Germany is the third-biggest user of the metal, after China and the U.S. Crude oil rose $1.26 to $100.23 a barrel in New York and silver futures jumped 91.3 cents to $35.71 an ounce.

[christh] 13/5/2011 11:52

amitkoth,

quite right.
Whatever happens to the mining stocks APF will get the royalty from them.

Kestrel was not affected by the flooding apart from a week.

The sellers will clear for whatever personal reason they need to sell.

Just be comfortable as the Directors have bought at 349p and also others bought at 337p.

The company is generating cash, is paying dividends and has no debts!

You will not find another company to meet these criteria!
This is the best company to invest in!

[amitkoth] 13/5/2011 11:42

Look above in this thread - I have quoted a statement from Rio on Kestrel. Its not the whole of Queensland that matters to APF. It's *only* what's going on at Kestrel. Further, after all this is over, APF themselves have said that the new base prices should be higher than before.

APF is not a miner. They don't have to face any of the day to day problems of actually running a mine.

[atflores] 13/5/2011 11:39

I wonder if the Queensland floods of last year and earlier this year are continuing to be a serious problem for coal mining operations. At the end of January, one commenter noted:
'"The translation of the lost production data into lost earnings is a daunting reminder of the size of the challenge confronting Queensland and Australia," Roche said. "The state government will be missing out on coal industry royalties of between A$1.6 and A$2.9 million a day for the rest of the financial year.'
(

Anyone got more recent news?

[christh] 12/5/2011 16:16

GLENCORE shares in high demand to institutions not PIs.
It will be floated on the 19 May -Next week.

We should see a big rise in commodities as Glencore shares have already been spoken for.
The next move for Glencore it to bid for a miner such as Xstrata (source:Evening Standard) but who knows what else they are planning to Buy.

[amitkoth] 12/5/2011 14:41

Kestrel force majeure was lifted on 21st Feb according to:


Progress on the Kestrel mine extension - delivering even more core royalties to us (20 - 30% higher imo from 2012)

[amitkoth] 12/5/2011 14:10

Confirmed - IMS either tomorrow or Monday at latest.

[piedro] 12/5/2011 12:39

PwC BC Report

[christh] 12/5/2011 12:26

Hay,
Mineweb article excellent reading.
The brokers I spoke to yesterday on their views were boyant, just keep Buying
said to me.
Its just the market itself.
Someone needs the money for whatever reason and they sell.
But either way this is opportunity of a lifetime.

The Directors were buying at 349p which means they expect the share price to go beyond that.

[haydock] 12/5/2011 12:10

The CDN. coal is the future?

[edmondj] 12/5/2011 11:39

Commodities correction "is healthy":

[haydock] 12/5/2011 11:10

However no great risk as the directors failed to acheive the feat.
Not that they were bothered & long term i would not be very concerned since i view this as an investment trust & look at the discount.

It's perhaps an old fashioned May, a dead duck & falling, one that most folk have not seen for a year or two.

APF has proved always worth tucking away, & may never have been better value than it is today, not even considering the CDN coal hidden away on the balence sheet.
Piedro, on his site: recently highlighted the power lines will soon be going through the region, so development is a step nearer, in B.C.

[edmondj] 12/5/2011 10:16

Not negative on APF, just that the markets (commodities and stockmarkets) are jittery - so it is a challenge to judge any turning point!

[haydock] 12/5/2011 09:44

Edmund, it's a pleasure to see the sage of Dana around.
Hope you were in early on Parkmead, news today, of a start.

Surely you cannot be negative on the management & prospects of APF ?
Not like you to be in a hurry, long term record is fantastic.

Do you have reservations?

Regards Hay.

[christh] 12/5/2011 08:55

See the website for references.
I have asked the FD for the share price moves and I asked if there was someting wrong.
And his reply" if there was anything wrong we will have to make an announcenment"

and indeed they make the announcenments by DIRECTORS BUYING MORE SHARES!

Is that convincing of whats coming later on in a year?

I bought at 340p...358p in ISA and unforunately stuck for cash.
So lucky you at this discounte price.

[edmondj] 12/5/2011 07:17

Sounds a classic response, when broker buy recommendations are under water!

[christh] 12/5/2011 07:11

Speaking to 2 brokers yesterday for their views
"Keep Buying the company is doing very well, profits are growing, no debts,divi is growing,directors are investing themselves in the company.
There is no specific reason for the fall other than the market itself and the index move."

[pippin99] 11/5/2011 12:12

An interesting read for investors in commodity based shares such as APF.

[christh] 11/5/2011 06:14

Deutsche Bank sees gold rising as high as US$2,000 as George Soros pares bet


INTERNATIONAL. Gold, which reached a record on May 2, may surge a further 30% by January as investors seek to protect themselves from "economic uncertainty," according to Deutsche Bank AG.

"I'm bullish on gold despite its current levels," Hal Lehr, Deutsche Bank's managing director for cross-commodity trading, said in an interview in Buenos Aires. "It could reach US$2,000 an ounce in the next eight months."

Investors including George Soros and John Paulson invested in gold as the metal surged over the past year amid a sovereign debt crisis in Europe, economic turmoil in the U.S. and civil unrest in the Middle East. This month's record US$1,577.57 an ounce was a sixfold gain since the precious metal's low in August 1999.

Gold fell 1.6% on May 4 after the Wall Street Journal reported that Soros Fund Management LLC sold precious- metal assets. Soros' fund held shares in the SPDR Gold Trust, the biggest exchange-traded product backed by gold, and the iShares Gold Trust at the end of 2010, U.S. Securities and Exchange Commission filings show.

Gold rose for a third day in New York today as concern about Europe's debt woes spurred demand for precious metals as a protection of wealth. Standard & Poor's yesterday downgraded Greece's credit rating for the fourth time since April 2010. Gold for June delivery rose US$13.10, or 0.9%, to US$1,516.3 an ounce at 11:05 a.m. on the Comex in New York.

Bullion rose for six consecutive weeks through April 29 as the metal is seen as a hedge against inflation around the globe. Central banks in China, India and the European Union, among others, have increased interest rates in recent weeks as policymakers seek to control consumer prices with tighter monetary policy.

The U.S. Federal Reserve has kept the benchmark rate between zero percent and 0.25% since December 2008 and pledged to purchase US$600 billion in Treasuries through June to stimulate the economy. Standard & Poor's earlier last month revised its debt outlook for the U.S. to negative from stable.

The U.S. Treasury Department projects the government could reach its debt ceiling limit of US$14.3 trillion as soon as mid- May and run out of options for avoiding default by early July.