Anglo Pacific Share Discussion Threads

[vosene] 06/2/2012 13:56

Jupiter Mines has some big name backers. It is run by Mr Gilbertson who joined BHP and Billiton together to make BHP Billiton so probably knows a thing or two. They describe Mt Ida as their flagship project. APF holders have got a good deal here as Red Rock needed the cash and sold on the cheap IMO.

[stevie blunder] 06/2/2012 09:53

Decent royalty acquisition announced this morning. I can see why there are staged payments, as it has not gone through feasibility yet, due Q4 2012, and Jupiter have a lot on their plate.

Still .75% of 10Mt at say 140$/t is about 10 M$ pre tax, so good money if it goes according to plan. Could start paying out in 2014/15? This presentation doesn't make any promises :

[haydock] 06/2/2012 09:33

February 03, 2012

Premier Christy Clark Declares British Columbia Open For Business

By Ryan Jackson in Vancouver


Last week was mining conference week here in Vancouver. On Sunday night, the Vancouver Resource Investment Conference (VRIC) opened its doors to over 10,000 registered attendees. The very next day, the 29th annual Association of Mineral Exploration British Columbia Roundup conference (Roundup) began.



Christy Clark

There appears to have been a major resurgence of interest in mining of late, and that the feeling was apparent in the grand conference hall at the VRIC, as well as among the record 8,320 delegates who attended Roundup this year. Not that the interest is completely new - the AME was founded a century ago, although it was then known as Vancouver Mining Club.



At all events, the Roundup was the perfect place for British Columbia's Premier Christy Clark to address the crowd, pledging to cut red tape and support mining expansion in the province.



The Premier declared: "We know that delays in resolving applications for land usage result in lost opportunities for job creation, which is why as part of the BC Jobs Plan our government invested C$24 million to reduce the various backlogs that prevent projects from proceeding... Government is a big problem if we get in the way, we are going to get out of yours and we are going to makes sure government isn't the instrument that slows you down."



Along with this vow, Premier Clark also presented the results of her plan thus far. The most notable area where permitting has been streamlined is for the Notice of Work (NOW) applications. In September, there was a backlog of 229 NOW permits which sat for more than 60 days. Since then, the number of overdue applications has been reduced to 85 and the average time for a decision has dropped from 110 days to 60 days. This puts the government well on its way to completing its objective of reducing the NOW permitting backlog by 80 per cent by the end of August of this year.



Although the progress seen with NOW permits are encouraging, the two other permitting backlogs identified in the plan have not seen such dramatic results. In Canada the use of Crown land requires submission of an application and issuance of a tenure. These permits, known as land act authorization, have a serious backlog which has only dropped by four per cent since September to 2,662.



It's similar with the backlog of water permits, where there has been a modest five per cent improvement to 3,704 overdue permitting decisions. The government does maintain that they will reduce the land and water permit backlogs by 50 per cent by the end of 2012.



Progress in addressing the permitting backlogs can be tracked online at the BC Jobs Plan website.



In addition to streamlining the permitting process, the government has been able to sign a new agreement with the Kaska Dena First Nations which will provide greater certainty for resource development projects. The Dease-Liard Sustainable Resource Management Plan covers 2.3 million hectares of crown land in northern British Columbia and establishes ground rules for development in the region.



Steve Thomson, Minister of Forests, Lands and Natural Resource Operations, commented: "The clear ground rules established between the Province and Kaska Dena Council will provide the forests, minerals, tourism, and energy sectors the stability they need to explore and invest in northern B.C."



The premier highlighted the opening of the Copper Mountain Mine in the summer of 2011, the first major metals mine in B.C. to open since 1998, as the first of many new mines she expects to commence production in the coming years.



And Premier Clark identified eight more projects which she expects, with the help of her government, will go into production by 2015. Mining in British Columbia has an eminent history dating back to the early pioneers. As of late, British Columbia has been rated as one of the least mining friendly jurisdictions in Canada. But this sort of active support by policy makers should get the attention of the industry and go a long way in reviving the mining industry in British Columbia.

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[haywards26] 05/2/2012 15:31

Interesting article

[haywards26] 04/2/2012 22:00

Interesting note on APF - giving a 600 pence price target!!

[haydock] 03/2/2012 18:40

Piedro did the work for the holdings.

[stevie blunder] 03/2/2012 16:03

I forgot about the Wiki thanks!

The Wiki says 36M shares.

Thanks to whoever is responsible for that Wiki page, looks like a mountain of work.

[haydock] 03/2/2012 08:44

Panorama proposes takeover of Canadian PGM explorer Magma

The successful W. Australian nickel miner is offering almost a 87% premium for Perth-based PGM explorer Magma in an all-share offer.
Author: Ross Louthean
Posted: Friday , 03 Feb 2012



PERTH -

Successful Western Australian nickel miner and gold mine developer Panoramic Resources Ltd (ASX: PAN) is making a takeover bid for another Perth-based company Magma Metals Ltd (ASX & TSX: MMW) which has an advancing platinum group metals and nickel project in Canada.

Panoramic said today it was bidding two Panoramic shares for every 17 Magma Metals shares held, based on yesterday's closing price for Panoramic of $A1.27 and it would be an 86.8% premium on Magma's closing ASX price yesterday of A8 cents. Magma was trading at A13.5 cents late today.

Panoramic already holds a 9.34% stake in Magma, and said it would be looking to achieve an acceptance level from Magma shareholders of 90%, which in itself would trigger a full takeover under Australian Security Exchange regulations.

One of the stipulations would be there would be no spin-out of Magma gold assets which would scuttle a plan by Magma to hive off its Western Australian gold exploration assets.

At the end of last year Panoramic had $A90 million ($96.2 million) in cash and receivables and had a pre-offer market capitalisation of $A263 million ($281.18 million).

The two mining assets it holds are the Savanah nickel-copper mine in the Kimberleys region of Western Australia's far north and the Lanfranchi nickel project at Kambalda in the eastern goldfields.

Panoramic is advancing the Gidgee gold project in the southern Murchison of WA where it is lifting the mothballs off an operation that has produced more than 1 M oz of gold.

It also has a package of fully owned, or controlled base metals prospects in the Kimberleys, the Bluebush base metals-gold-industrial minerals prospect in the Northern Territory and has an alliance with Drake Resources Ltd exploring for base metals in Finland.

Magma's main asset is the Thunder Bay North PGM-copper-nickel project in Ontario where there is an indicated resource of 9.5 Mt grading 2.3 grams/tonne platinum equivalent.

This discovery raised the interest of PGM seekers and despite positive advances in 2011 Magma's share price went on a downward trend.

[haydock] 03/2/2012 08:23

For the recent holdings, go to the Wiki link.

[stevie blunder] 03/2/2012 07:47

Do we still have a holding in Magma? I have it as 28 million shares, but could be out of date. Their share price has cratered in the last 2 years from 75c to current 13c after the bid, about 8c before. Described as "opportunistic" by the board.

Takeover Offer by Panoramic Resources

[sigala] 02/2/2012 18:36

Hi Haydock et al,

I found BHP's RNS today quite interesting:

BHP Billiton today announced approval of US$917 million (BHP Billiton share US$779 million)(1) in pre-commitment funding for the construction of a 100 million tonne per year outer harbour facility associated with its Western Australia Iron Ore operations.

The project, which is expected to be reviewed for full approval in the fourth quarter of calendar year 2012, has an embedded option to expand by a further 100 million tonnes per year.

BHP Billiton President Iron Ore, Ian Ashby, said: "This investment is an important first step in providing the infrastructure to allow us to fully develop our world class resource base in the Pilbara. The development of the outer harbour is pivotal for our longer term growth objectives and this initial funding is rapidly turning those plans into a reality."



Surely has to be good news for APF's 1.5% GRR on the Railway Deposits.

Sigala

[gavapentin] 02/2/2012 16:38

Classic - marked just below 300p

[gavapentin] 02/2/2012 16:03

Hold above 300p would be significant

[haydock] 02/2/2012 14:38

New drilling from Maudore:

[haydock] 02/2/2012 11:43

If you want to follow HER, then use 3i.
Look back for the posts of Snow Leopard, i usually transfer the more important ones to ADVFN.
He is a geologist & tends to provide informed notes on the releases.

Now a share with the basic data from Chip, & a resident geologist is investing niavana.
DYOR.

[aylingd] 02/2/2012 10:48

Thanks haydock, been monitoring HZM & HER for a while also thanks to APF. Held APF for years but only been invested in HZM directly in the last few months - thought their time was nearing.

Didn't you call them the 'ugly sisters' at one point. Hopefully turning into a princess soon.

D.

[haydock] 02/2/2012 08:41

Suggest you go to Minesite & read the archive on HZM,{ where APF took me years ago & also to the HER which they held at that time until Nystar took a large holding.}
Do not expect wild swings as the j/v type of company has very little control over newsflow.This has changed with the nickel side, the gold side is in for nowt & very hidden,
DYOR.

[aylingd] 01/2/2012 20:27

haydock, thanks for posting that article - some interesting stuff there. I think I will need to re-read it a couple of times & then crank some of the numbers quoted to get a better picture.

Anyway, looks like we have a serious proposition here although it may be another 12-24 months before the real value can be monetised. Once again thanks APF for guiding me towards another good investment.

D.

[haydock] 30/1/2012 11:03

Johnrxx 99
Thanks for clearing up the outdated header material.
Cheers Hay.

[haydock] 30/1/2012 10:29

Growth co. Investor.

Horizonte Minerals

ADD


18/01/2012 Robert Tyerman

With estimated nickel resources of 100m tonnes at 1.3% at Araguia in Brazil, Horizonte Minerals (HZM) hopes to complete a preliminary feasibility study this year.

AIM-quoted Horizonte, which has $5.8m (£3.6m) cash, intends to expand the resource estimate at Araguia (which was originally obtained from temporarily cash-strapped Canadian mining group Teck) and in particular to focus on its higher-grade core, now some 24m tonnes at 1.6% nickel.

Stressing that a large portion of Araguia's nickel is of a laterite and saprolite description and thus susceptible to more economical treatment than limonite nickel, chief executive officer Jeremy Martin suggests that the first quarter of this year could bring a preliminary economic assessment of the project, for which costs of $7,000 a tonne are envisaged, against a current market price of $19,475. Araguia, in Brazil's mineral-rich Carajas district, should have a rail link in 2014, a year after Martin says he expects a bankable feasibility study on the project and two years before earliest production.

Teck is a major shareholder in Horizonte, which is using consultant Wardell Armstrong for the Araguia pre-feasibiity study. The company, which has recruited ex-Anglo American luminary Dr Owen Bravington as a non-executive director, also has promising gold joint ventures in Brazil at Falcao and elsewhere with another major miner, AngloGold Ashanti, which Martin hints could be spun off, perhaps onto the Toronto market, on which Horizonte itself also has a listing.

Analysts argue that Horizonte's assets are worth a discounted 30p a share, the same as their float price in 2006, against today's 13.13p. Highlighted by Growth Company Investor at 10p in 2010, the shares hit 31p during the past year before turning south. However, they could now find renewed support if the various upcoming project assessments are positive.

[haydock] 30/1/2012 10:25

That bot or whatever, has done wonders for Bar Charts opinion of APF.

Long Term Indicators Average: 100% Buy
100-Day Average Volume - 133,826

Overall Average: 100% Buy

Price Support Pivot Point Resistance
293.200 278.267 289.467 300.667

[haydock] 23/1/2012 09:08

The bot or whatever opened up again @ 8.30 pushing the price up once more.

[haydock] 19/1/2012 16:01

Trading today & yesterday, not the typical APf.
Almost as if the bots were at work.

[haydock] 19/1/2012 10:17

Testing for Mao.