Anglo Pacific Share Discussion Threads

[christh] 11/7/2012 15:50

Got some more today.Under 300p is a bargain, absolute bargain.
The NAV is approx 400p also the yield is about 4.5%.
Just paid the dividend and results not long to go.
The dividend increases every year and every results/
Do not miss out!

[haydock] 02/7/2012 09:26

Minesite:

TastY note:


In Platinum, one-time London listed company Platinum Australia announced that it is calling in the receivers. The writing was on the wall for this company the day it fell out with the canny chaps at Anglo Pacific, and cancelled its London listing in a fit of pique a few years ago. Anglo Pacific then duly sold out of Platinum Australia, and pocketed a tidy sum - thank you very much - which is more than anyone still left in the company will be able to say now.

[shavian] 30/6/2012 07:44

Yhanks Christh, no apology needed. It's a great piece of research

[christh] 23/6/2012 07:37

Sorry about the long post above but I found the most comprehensive report
for research for any APF investor.
It has all the investments laid out that APF is involved with.
Of course there is the acknowldgement for Piedro research.
I expect the price in a couple of years to be around 450-500p.
Also the dividend yield will increase.
I have read a few days ago that RIO TINTO is increasing the production of
iron ore.
To process iron ore you need to burn coal in the furnaces so there you have it.
The price of iron ore will increse with the demand but also the price of coal.

[haywards26] 15/6/2012 18:17

Nice movement this afternoon, long may it continue :)

[christh] 13/6/2012 06:21

The price will climb beyond 332p provided the EURO crisis is settled.
Like every other company the shareprice has dropped but the company has
been functioning very well and increasing its royalties.
The bad weather had a negative effect on the revenue but it has now been restored and you should see an increased turnover in the next report.
That also will be reflected on the dividend.
It is a good return for pension funds.

[noslien] 12/6/2012 18:43

Thanks Prenvest, I saw those. I was just picking up on the comment above mine "Many directors bought at 332p recently". As you confirm this is absolute tosh.

I cannot see the price getting back to 320p or indeed 332p anytime quickly; even so I think this is good long term hold at current price levels.

[prenvest] 11/6/2012 17:24

Most recent Director's Share Dealings. News releases from APF website.
March 1, 2012, Peter Boycott, Chairman, disposed of 15,000 shares in the Company at a price of 332.0p per share.
Anthony Yadgaroff, Non-executive Director, bought on February 22, 2012 2,248 shares in the Company at a price of 317.3p per share.
Chris Orchard, Chief Investment Officer, bought on September 29, 2011 5,000 shares in the Company at a price of 264.17p per share.
Mike Atkinson, Senior Independent Director, bought on September 30, 2011 3,500 shares in the Company at a price of 253.51p per share.

[noslien] 11/6/2012 15:07

I can't trace any information on Directors buying?

[christh] 09/6/2012 07:22

Now is the best chance to buy.It will go back to Ftse 250 soon.
The problems that cause the revenue to fall was the bad weather in Australia which disrupted the transport/shipment of coal.
This is now over and done with and the sale has resumed strong as ever.
More royalties added and new ones are paying off so the income is growing.
The dividend will be paid next month- 11 July.

I expect the dividend to grow to 11p next year as more income
is been received by the added royalties.
They have just over £20mln in the bank in various currencies
to stabilise their liquidity, but mostly $AUS and £GPB.
And they have no DEBTS!

The yield is excellent considering the current fall from 360p a year ago to 250p.
I expect the price to get back to 340p in 3-4 months.

Many directors bought at 332p recently (I bought at 365p!!!) but the current fall is a blip and a great opportunity for the smart people to invest.
I recommend buying to ISAs as the income is good and you can take the script divi to reinvest (when is offered).
I currently hold but mostly in ISAs which I re-invest in APF.
I have never come across such a well managed company.
Good luck.

[haydock] 08/6/2012 15:30

STOP PRESS: G |



June 07, 2012

Horizonte Minerals Is Just A Couple Of Weeks Away From Completing A Preliminary Economic Assessment At Araguaia

By Alastair Ford


"We are looking to develop a world class project", says Jeremy Martin, chief executive of Horizonte Minerals. Horizonte has several attractive projects in its portfolio, but the focus has for some time been on the Araguaia nickel deposit which lies in the midst of a prolific mining area in Brazil. For much of the past 12 months Araguaia has been the subject of a preliminary economic assessment (PEA), which is now only a week or two away from completion.



Drilling at Araguaia

Precisely what the study will show remains to be seen, but the pointers have been highly encouraging. The resource stands at an impressive 39 million tonnes of ore grading 1.39% nickel and 0.061% cobalt in the indicated category, with a further 60.9 million tonnes at 1.22% nickel and 0.058% cobalt inferred. What's more, metallurgical work completed in February and March confirmed the viability of the company's plans to produce a commercial grade ferro-nickel, thereby setting it apart from other peers in the junior space that will be reliant on some form of acid leaching to process their ore.



"There are currently twelve operations producing ferronickel from the pyromet process, including three in Brazil", says Jeremy. The two most notable are Vale's Once Puma mine, which went into production in 2010, and which produces around 53,000 tonnes of nickel per year, and Anglo American's Barro Alto project, which has lately been producing at between 35,000 and 36,000 tonnes per year. The Horizonte proposition is smaller, but still in the ballpark.



"We're going to look at producing between 17,000 and 20,000 tonnes per year", says Jeremy. But he's cognizant that the construction of a project like that is quite a stretch for a company that's currently capitalised at just £25 million.



"If we came out as a junior saying we need US$2 billion, it's a difficult thing to ask. So we'll do a two-stage project, on a scale smaller than Onca Puma and Barro Alto, where we only have a single line kiln and furnace, as against their dual line kiln and furnace operations. We want to have a meaningful number, bearing in mind that Teck is a 42 per cent shareholder. But we do see this as a financeable project within the timeframe. We'll have cheap power, hydroelectric power, and we're looking to be sitting right at the bottom of the cost curve with this asset." As a guide, he cites the example of Barro Alto, which produces at US$9,000 a tonne – even with nickel currently trading at a fairly lowly US$17,000, the margins look very comfortable.



But will the nickel price pick up any time soon, and perhaps provide a fillip to Horizonte's shares, which have been dragged down with the rest of the mining sector? Well, although there are plenty of people around who take a dim view of the near-term nickel price, those same people can often have a much more favourable outlook longer-term.



"With us", says Jeremy, "you're looking at what the nickel price is likely to be 18 months to two years out. Brook Hunt, Maquarie and the like say you are starting to see the nickel market move into deficit two years out." And with that in mind, Jeremy is fairly confident that Horizonte will be able to secure finance. "There are groups in Brazil that you can structure off-take agreements with", he says. "We'll do a portion equity, a portion debt, and some sort of forward selling of the product." Already the company has sold a net smelter royalty to 10 per cent shareholder Anglo Pacific in return for US$12 million.



All told, with £4.8 million in cash and the Anglo Pacific money sitting in the background, Horizonte's immediate funding needs look to be well covered. "We are fully funded through to complete the PEA", says Jeremy, "and to get significantly down the road with the PFS".



In addition, there's the possibility that assets sales might raise more cash. Horizonte has a good-looking gold joint venture with Anglo American, and has just signed another joint venture deal in the gold space with Canadian junior Magellan Minerals. But, says Jeremy, "our early stage exploration work doesn't get a lot of value in for the company. The Canadian market likes to see a one project-focussed company, and that would be nickel." Could there be spin outs then? "We would like to see a meaningful valuation", says Jeremy pragmatically, "but it's something we would consider".



And speaking of meaningful valuations, he sketches out the following comparison for the benefit of interested parties. Araguaia, he says, is currently valued by the market at between U$0.01 and US$0.015 per pound of nickel in the ground. The valuation per pound in the ground attached Mayaniquel, the main project of Anfield Nickel, which is around six months ahead of Horizonte in the development cycle, is between US$0.05 and US$0.06. And looking even further ahead, he notes that Onca Puma was acquired on a valuation of around US$0.23 per pound of nickel in the ground.



"I'm not saying we could return an Onca Puma", he adds, "but it gives you a feel of where this could go." Stay tuned to Minesite for all the latest developments.

[haydock] 08/6/2012 15:09

Minesite:




Finally, Maudore Minerals' share price jumped more than 26 per cent on Wednesday after the company announced a new gold discovery, now named the Comtois NW Gold Occurrence, on its property located north of Val-d'Or, Quebec, Canada. Exploration in the area began in 2009, with a few holes returning anomalous gold results. The company followed up in 2011 with an induced polarization geophysical survey over the area which returned good results and encouraged the planning of a drilling program.



Ron Shorr, chief executive of Maudore, said: "I've always considered it a strong possibility that our property could host multiple gold deposits, as mining districts are common, particularly in the Abitibi Greenstone belt. Our new discovery goes a step towards validating this theory. We will continue to develop this new area and to seek others. This is the reason why we acquired a large highly prospective land package in the area."



The team at Maudore are currently assessing the data collected so far with a view to designing the next drilling program on the Comtois NW Gold Occurrence as soon as possible. Maudore already has four drill rigs currently active on the Comtois Property, drilling adjacent to and below the already-defined Osbell resource area.

[enami] 06/6/2012 18:20

Demoted from the FTSE250 at today's review

[jazz319] 04/6/2012 09:19

Bought some more at 234 Popped them in the ISA averaging down nicely. Long term core investment

[lej2] 01/6/2012 10:35

david77, I hope you gave your wife the full spiel re "share prices can go down as well as up" or else you may find yourself in the spare bedroom.

[haydock] 01/6/2012 10:02

This always seems an exciting prospect & APF have a very large holding:

[david77] 30/5/2012 08:37

And I talked my wife into buying some of these in her ISA - she paid 332 on 29 Feb.

[christh] 30/5/2012 08:24

Director Dealings

Traded.......Action...Notifier...............Price.......Amount.........Value
28/03/2012.. Purchase...Chris Orchard..........332.00......44,804... 148,749.00
28/03/2012.. Purchase......John Theobald......332.00.....50,075......166,249.00
01/03/2012.. Sale.......Peter Boycott.........332.00.....15,000.......49,800.00
22/02/2012.. Purchase....Anthony Yadgaroff....317.30......2,248........7,133.00


Company Analyst...................... Telephone........Email
Liberum Capital...Ash Lazenby [phone] [e-mail]

Bank of America
Merrill Lynch..Jason Fairclough [phone]

dividends.
2011...Final.....04-May-12.......04-Jul-12...5.50p
2012...Interim...11-Nov-12......11-Jan-13....4.8p ????????

[haydock] 17/5/2012 12:48

Br. Columbia mining.