Anglo Pacific Share Discussion Threads

[stevie blunder] 20/8/2011 11:56

More Australian Coal.

APF has a subsidiary in Australia called Jandale Pty Ltd. It is mentioned in the Annual report. It is in a joint venture with Core Coal Pty Ltd.

They hold shares in exploration licences in Queensland. Exploration has been going on since 2005.

The exploration is being funded by Australian listed company Tiaro Coal.



Here is a list of the Licences held with Jandale %age holding:



Tiaro Coal are sole funding to earn 80% in the licences, so that Jandale will be diluted to below 10%

Here is the latest presentation by Tiaro:



They aim to have a JORC resource early next year. 20-30 million tonnes seems to be their target on just a very small section of the licences. They are a long way from mining of course.

Tiaro have a major Chinese shareholder, no surprise there.......

I would expect APF to negotiate their 10% or so holding into a royalty.

[haydock] 19/8/2011 22:13

Notice the price paid & the APF holding.



2 Director buys as well .

[soundbuy] 19/8/2011 10:36

Well, looking to take an interest here.

[haydock] 18/8/2011 15:04

Canadian coal activity:

[haydock] 16/8/2011 10:45

Minesite snippet:

Finally, mining royalty investor Anglo Pacific achieved record royalty income of £16.4 million in the first half of 2011. The company owns a royalty on the El Valle gold-copper mine in Spain, which entered production in June. Income from this will boost second-half earnings, and increases the number of producing royalties in Anglo Pacific's portfolio to five. The company recently acquired two more royalties, taking the total number of royalties held to 17. The shares climbed 7.8 per cent to 292p.

Back Print this news item

[haydock] 16/8/2011 10:15

Ithink i have found it.

[haydock] 16/8/2011 09:42

Can anybody recall the details of the Cdn article, published on here within the last year, detailing comparison of CDN.royalty companies & APF ?

[haydock] 15/8/2011 20:05

Still missing the CDN coal & they knew about it in 2004 !!
But aiming at the CDN market.. well ?

[shavian] 15/8/2011 17:39

Anglo Pacific looks to second half
Created:12 August 2011Written by:Martin Li
Disruption from flooding in the first quarter and a planned realignment of mining in the second quarter resulted in coking coal production from the Kestrel mine in Australia, which is Anglo Pacific's key royalty earner, falling by 39 per cent. However, coking coal prices in the six months increased from $220 (£135) per tonne last year to over $310, which offset the lower output.

After a solid performance in a challenging first half, the group is well placed to make progress in the second half, which will be boosted by the first royalties from the El Valle gold-copper mine in Spain. This entered production in June and increases the number of producing royalties in the group's portfolio to five. Reflecting its preference for steelmaking projects, Anglo Pacific has acquired a royalty over chromite deposits in Ontario, Canada, and one over the Isua iron ore project in Greenland being developed by London Mining.

Gains on the sale of investments totalled £7.5m in the six-month period, compared with £17.4m in the first half of last year. Investments are held primarily as a source of future royalties and are sold when the prospect of such royalties appears unlikely. Prior to these results, Liberum Capital was forecasting full-year EPS of 26.5p.

[haydock] 14/8/2011 22:56

As usual: no mention by Q. in the Telegraph of the CDN coal !!
Still the hidden gem i bought into APF for, all those years ago !

[haywards26] 12/8/2011 17:27

A couple of small director buys today also.

[mozy123] 12/8/2011 13:45

A nice summary by questor! £400mil assets for £315mil in the market, and a royalty stream which will grow considerably over the next few years. Cheap or what.

[haywards26] 12/8/2011 13:35

Good to see some national press exposure here :)

[ned] 12/8/2011 09:36

Great to see them getting the royalties bought in when the climate for purchasing is advantageous. They're still the investor I would like to be!

[toby tots] 12/8/2011 09:29

See also today's Times!

[kipper62] 12/8/2011 09:07

See todays Telegraph

[shavian] 12/8/2011 06:53

UK-Analyst.com market report Thusday

Natural resources royalties company, Anglo Pacific (APF) announced operating profits of 15 million pounds for the six months ended 30th June, up 3% year-on-year, after receiving record income of 16.4 million pounds, compared to 15.7 million pounds last year. The El Valle gold-copper mine in Spain has begun production, increasing the number of producing royalties to five, and the group acquired two new assets in August 2011, bringing the total portfolio to 17. The shares were lifted 22.9p to 280p.

[haywards26] 11/8/2011 11:50

The below post is the one I referred to....



christh - 9 Jun'11 - 21:15 - 5502 of 5568


I had a chat with the FD (a very busy man).
The sale of Mantra went through and the money was deposited in the bank 2 days ago.
Goldminco sale will go ahead and the money will be deposited in July.
The total received and the profit from these will be known in the trading
statetment middle of August.
The CDN -Canadian Coal (Haydock for you)trying to move forward and they are working on it and will be announced at some time.
The Railway Project (Australia-BHP Billiton)is one of the best royalties and in 4-5 years will be paying up substantially.
More investment in royalties on the way but there is no rush as they have to
be sceened prior to meet the criteria of the board.
The reason why the FTSE 250 fund managers have not invested yet in the company
is because they only invest in the first 80 companies in the index.
That is why they got the PR man to get it moved higher so expect the price to shift.


Next trading statement is middle of August and the one after that middle of November.

[haywards26] 11/8/2011 11:45

There were supposedly two signficant equity disposals (Mantra & Goldminco) prior to the First Coal Corporation disposal of this month.

I recall one poster even posted saying they had spoken to an APF director who had confirmed that two large cash lump sums were received from these two equity disposals. All very strange.

At the time I thought it strange that APF would not RNS such equity disposals as they would be price sensitive information. So going forwards we can assume no such RNS, then no such equity disposal proceeds.

[gengulphus] 11/8/2011 11:16

No large equity disposal income as many were expecting.

Isn't that because it happened after the June 30 period end? In particular, the notes in the results do include:

12 Events occurring after period end
...
On July 8, 2011 Xstrata Coal Canada Limited ("Xstrata") made an offer to acquire all of the outstanding common shares of First Coal Corporation at a price of C$1.75 per share. As at June 30, 2011 the Group held 11,542,857 First Coal Corporation shares which are recorded in the balance sheet at cost. The Xstrata transaction completed on August 4, 2011.

Or is there another significant equity disposal people were expecting?

Gengulphus

[haywards26] 11/8/2011 10:17

No large equity disposal income as many were expecting. But still steady results and nice divi increase. Steady, solid company.

[togglebrush] 11/8/2011 09:48

Interim Highlights:

-- Record royalty income for the period of GBP 16.4 million compared to GBP
15.7 million in the first half of 2010.
-- Interim dividend increased by 7.6% to 4.25p per share (2010: 3.95p) in
line with progressive dividend policy.
-- Strong cash position at June 30, 2011 of GBP 36.7 million compared to
GBP 28.3 million at December 31, 2010, with no borrowings or hedging.
-- El Valle, the gold-copper mine in Spain, entered production in June,
increasing the number of producing royalties in the portfolio to five.
-- Two recent chrome and iron ore royalty acquisitions made in August 2011.
-- The Group now owns a total of 17 royalty interests.
-- Total assets of GBP 410 million at June 30, 2011 (GBP 416 million at
December 31, 2010).
-- Cash resources increased due to recent sale of First Coal Corporation
shareholding.

plus
The Board has declared an interim dividend of 4.25p per share for the year ending December 31, 2011,representing an increase of 7.6% from the interim dividend for the previous year of 3.95p per share. Thisdividend will be paid on January 11, 2012 to shareholders on the register at the close of business on November 11, 2011. The shares will be quoted ex dividend in Canada and London on November 9, 2011. Subject to market conditions, a scrip dividend alternative will be available to eligible shareholders

[sandmarr] 11/8/2011 07:30

Got that one wrong then! Still - a pleasant surprise.

[mozy123] 10/8/2011 22:18

We make a huge profit on that sale? When did we aquire those 11,542,857 shares???

[christh] 10/8/2011 22:05

Anglo Pacific Group PLC

Sale of interest in First Coal Corporation
Dear Investor,

Anglo Pacific Group PLC ("Anglo Pacific", the "Group") (LSE: APF) (TSX: APY) is pleased to report that, following the announcement on August 8, 2011 by Xstrata of the completion of its takeover of First Coal Corporation (the Company) for a consideration of CAD$147 million, the Group will receive the sum of CAD$20.2 million in respect of the 11,542,857 shares that it held in the Company.