Anglo Pacific Share Discussion Threads

[haydock] 08/7/2011 08:36

We have the odd £10m in this prospect.

[gavapentin] 07/7/2011 20:08

For the sake of completeness - my divi has hit my account too. Pretty chunky too these days! I wonder if shorters are being burnt. Will be interesting to see if shares on loan as decreased.

[haywards26] 07/7/2011 19:20

I wonder if the market is starting to learn of the recent cash injection APF has received from their two significant investment disposals? Or if the recent rise is just in line with the other mining sector rises?

[haydock] 07/7/2011 19:09

I also had mine from 3 sources, dead on the date.
APF is bullish on the Bar charts & the japanese clouds.

[mozy123] 07/7/2011 18:30

Shorters getting smoked!

[shavian] 07/7/2011 17:59

As usual, not a sausage. Was payment date today?

Hey what's driving the share price all of a sudden?

[haywards26] 07/7/2011 13:44

Got mine too

[nielsc] 07/7/2011 13:39

haydock,

All my dividend payment have been made. Hold APF with 3 different providers.

Cheers,
Niels

[rrr] 07/7/2011 13:38

Yes, had mine ok.

[haydock] 07/7/2011 08:52

Dividends are out, has anybody else had it yet ?

[gavapentin] 05/7/2011 18:42

Strong movement of late.
All good.
I agree with thoughts on the APY thread about possible shorting, presuming a possible exit from the 250, with the excess of shares on loan. Hopefully that is now put to bed.

[haydock] 04/7/2011 12:14

HZM: pushing the gold side of the business.

[gavapentin] 23/6/2011 14:10

Gold accounts for 8% royalty and 25% mining as far as I can see.
The latter should help keep the ship steady

[christh] 23/6/2011 06:11

FTSE stalls and gold hits 7 week high as Fed awaited
---------------------------------------------------------
Britain's FTSE 100 trimmed early losses on Wednesday amid relief that the Greek government won a confidence vote, while gold hardened to a seven-week high as investors awaited a key interest rate decision from the US Federal Reserve.

The FTSE 100 index of blue-chip shares inched down 0.04%, or two points, to 5,773 – halting Tuesday's rebound – and the Mid-250 index eased 0.16%, or 19 points, to 11,636.

'The early part of the day's trade was overshadowed by an air of collective relief that the Greek confidence vote had come in as expected, but this is clearly just the start of a rather long and uncertain route that still cannot guarantee we won't see a developed nation defaulting,' said Ben Critchley at IG Index.

In regard to the imminent Fed decision and press conference, he added: 'Anything that talks up tighter monetary policy towards the end of the year should bring with it a positive connotation, but with risk appetite likely to remain somewhat lacking, any cheer here could still be somewhat limited.'

Gold took on 0.7% to $1,557 an ounce, its highest since 2 May; silver gained 1% to $36.66 an ounce.

'Precious metals rose across the board as the dollar weakened on the day,' said Shiyang Wang, analyst at Barclays Capital, pointing out that the gains in gold came as investors become more concerned about Greece's debt crisis.

[scottishfield] 21/6/2011 16:56

sp getting to ridiculous levels now.

[rcturner2] 21/6/2011 12:52

Does anyone have any broker forecasts for the current year and going forward?

[haywards26] 18/6/2011 22:34

I had my third APF order filled yesterday, making APF my third largest holding. Hopefully the Mr Market will start to understand APF and its assets and revenue streams over the coming weeks/months. I imagine Augusts update may well aid this with the investment disposal updates etc

[christh] 18/6/2011 10:55

Railway Deposit

In 2010 the Group also acquired a 1.5% GRR covering three exploration licences in the central Pilbara region of Western Australia. The tenements, covering 263 square kilometres, are owned by a wholly owned subsidiary of BHP Billiton Limited and host a number of known iron occurrences, the most significant being the Railway deposit. The tenements are supported by extensive rail infrastructure including the rail lines from Rio Tinto's West Angelas and Yandicoogina mines and BHP Billiton's rail line serving its current operations at Mining Area C, which lies immediately to the east of the Railway deposit. United Minerals Corporation NL explored the tenements during the period between 2007 to 2010 and subsequent to the announcement of a resource was acquired by BHP Billiton Limited.



Rio informs market of Pilbara fast-track
Barry Fitzgerald June 16, 2011
AUSTRALIA'S premier iron ore producer, Rio Tinto, has confirmed to the broader market what it led analysts to believe on a tour of its Pilbara operations last week - an acceleration of its push to reach annual production of 333 million tonnes is under way.
Rio said the acceleration of early works and procurement for the expansion would cost $US676 million ($A635 million), of which Rio's share would be $US350 million. This meant that the 333 million-tonne-a-year production target would now be reached in the first half of 2015, six months earlier than planned.
Critics of the softened mining tax argue that the Gillard government has not gone far enough in extracting a public benefit from the booming mining industry.
Iron ore prices are at near-record levels, and bumper iron ore profits will propel Rio and BHP Billiton to record results this year.
The two companies, both party to the private negotiation with the federal government last year on the less onerous mining tax replacement for the originally planned super-profits tax, defend their record profitability by pointing to their massive reinvestment in Australian projects.
Rio's Pilbara operations have recently reached an expanded capacity of 225 million tonnes a year and are due to reach a 230 million-tonne rate by the end of the March quarter next year, 283 million tonnes by the end of the December half 2013, and 333 million tonnes in the June half of 2015


Read more:

RIO Tinto will spend $US676 million ($632m) to bring forward by six months the $US14.8 billion expansion of its West Australian iron ore mines, railways and ports as it looks to benefit from lagging new supply from other miners.
Rio flagged last week that it was looking to boost the capacity of its port and rail to 333 million tonnes a year in the first half of 2015, replacing a previous second-half target.
Rio's Pilbara mine production, which was 224 million tonnes last year, is not expected to reach that level until a year or two after the capacity is built.
The company confirmed the acceleration yesterday, approving $US676m of spending for early works and procurement.
Rio iron ore chief Sam Walsh said the budget for the whole plan to boost capacity was still $US14.8bn, of which $US6.29bn had been approved.
"The demand outlook continues to be strong, with supply lagging elsewhere in the industry, and we are seeing new supplies proving slower to materialise than predicted," Mr Walsh said.

Related Coverage
Rio Tinto quickens Pilbara expansion The Australian, 2 days ago
Rio to quicken pace of Pilbara push The Australian, 8 days ago
Rio makes driverless push in Pilbara The Australian, 9 days ago
Rio Tinto's iron ore output slumps Adelaide Now, 13 Apr 2011
Weather woes whack Rio Tinto Herald Sun, 13 Apr 2011

The move comes just two weeks after Fortescue Metals Group pledged to bring forward to mid-next year, the completion of its $US8.4bn tripling of its Pilbara iron ore capacity to 155 million tonnes. To get production to 333 million tonnes a year, Rio will have to spend closer to $US20bn than $US14.8bn because it will need new mines to replace some already in production that are in decline.

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ROYALTIES ARE INCREASING PROFITS .
PILBARA WILL BRING HIGHER ROYALTY TO APF AS THE IRON ORE IS GETTING MORE EXPENSIVE.

[haydock] 15/6/2011 07:56

Apologies if I have overstated the assets?

No apologies for endlessly banging on about the CDN coal.

I cannot even now find the original 2004 Minesite article that highlighted the situation & that must be the last time anybody other than APF gave it a mention !

Always far too enthusiastic about APF,dividend paid soon.

[stevie blunder] 15/6/2011 07:50

True, the question is whether the tax liabilities are real and will ever have to be paid.

[wolstencroft] 14/6/2011 22:52

Steve, to calculate NAV (NET asset value) one should deduct tax liabilities. Gross Asset Value would not include the tax liabilities.

[stevie blunder] 14/6/2011 21:30

I think I am right in saying that of the liabilities £70 million are deferred tax. Whether such tax will have to be paid in the future is unclear. I think it is a theoretical calculation assuming that they sold all the royalties right now at their balance sheet value. I prefer to add the deferred tax back in on the assumption that the assets will continue to be held.

But if I am wrong please correct me.

Steve

[gengulphus] 14/6/2011 18:57

haydock,

Load of rubbish M. Fool: ...
...
Then finally this load of gough:
assets @ £ 336m
When the last qtr :

Total assets of GBP426.3 million at March 31, 2011 compared to GBP415.6 million at December 31, 2010.

The article was written by a named author, Maynard Paton. He is the main person who should be attacked for any errors in it, not the website that carried his article.

The figure of £336m in his article is stated to be the market cap, not the assets. The assets figure he gives is £351m.

Checking the balance sheet in the Q1 update , from which your quote comes, I find that on March 31st, total assets were £426.307m, total liabilities £75.591m, so net assets were £350.716m, or £351m to the nearest million.

So the worst he's done with those figures is talk about "assets" without explicitly saying whether he meant total assets or net assets...

Could I suggest a less scattergun approach? I think you've got a good point about Canada; it's a pity to spoil it with points as weak as the ones I've quoted above!

Gengulphus