Anglo Pacific Share Discussion Threads

[vosene] 03/4/2013 14:25

Rio Tinto selling a number of its Australian coal assets, but I can't see Kestrel on the list:

[haydock] 03/4/2013 12:49

Piedro has kindly explained the situation with the Groundhog coal in Canada.
I have borrowed it with thanks.
Added comments.

Piedro
3 Apr'13 - 11:28 - 708 of 710


WeeEck,

APF has no interest as yet in Atrum except for
information sharing.
The fact is that they have interlocking licenses in
the Groundhog coal project.(see previous comments)
Thus, any re-valuation that ATU makes to their part
must to some extent re-value that of their neighbour's.

APF has their part, (Panorama and Discovery), on
their books at cost.

Thus, I have put the ATU stock chart in the header
to show what they in Australia (ASX) think of the
situation.

Perhaps, my logic is erroneous but one day the truth
must out - or is that not so?

Agreed, as I have said before even Minesite have forgotten about this coal & the financial press know nowt, not referred to in any recent article on APF.
In for nothing always was the key to the share.
QP please note !

* On the balance sheet for years @c £120.000, now I will have a search when I get chance, but I think it was £2m

[quepassa] 03/4/2013 12:18

The recent unexpected £3.7m loss/write down/impairment on one of their investments doesn't inspire confidence. As reported in February and reflected in their 2012 y/e Balance Sheet.

I wish there were a lot more detail and clarity about the £71m of Intangibles and £56million of Mining and Exploration Interests as reported in their figures


ALL IMO. DYOR.

QP

[noslien] 03/4/2013 11:55

Target price sub 220

[noslien] 03/4/2013 11:54

The problem with this share is the prospects for coking coal prices. Not so much current prices which are reported at around 150ish, but the prices going forward. There is an awful lot of supply coming on stream whereas demand is projected to grow slowly. This situation is likely to impact prices later this year and next. It is going to make it difficult for APF to increase earnings. The new rates for Kestrel help, but I don't think this is enough. So are good lean company that is well managed but my target price to buy in is

[piedro] 03/4/2013 11:01

vosene,

Have you seen what is happening
at Groundhog?

Is Atrum (ATU) stealing all our coal?

[vosene] 03/4/2013 10:23

I bought in at just over a pound back then and jumped off at 230, gnashing my teeth as this went up over 300. Now it's in this range again I have bought back. Historically this has proved a good buy when over 4% yield. They've made one mistake recently, buying the Mt Ida royalty, but otherwise this should do well going forward IMO.

[piedro] 03/4/2013 10:17

A reminder of what we have been through ...



... in 2008 the price fell from 250p to 80p

... and we are still here

... without excuses

LOL

[christh] 03/4/2013 09:07

this is heading for 300p.
its only dropped temporary as commodities are down.
It will turn up quick.
The divi is excellent too.

have faith.

[quepassa] 03/4/2013 08:30

Sub £2 soon??

Gotta be on the cards now.

ALL IMO. DYOR.

QP

[nielsc] 02/4/2013 10:35

Around $150 per ton.



Cheers,
Niels

[tigmi] 02/4/2013 10:14

It's well above 100

[fieldhouse] 28/3/2013 16:20

What is the price of cokeing coal?
Is it above or below as$100.
Royalty drops to 7% below $100 from 10%

[quepassa] 26/3/2013 21:58

You are most welcome.

QP

[noslien] 26/3/2013 14:49

I think QuePassa is probably right in thinking this will go lower. The FOB price of coking coal is coming under pressure, and I don't see that improving anytime soon, and that is an important element of APF's income. Nevertheless this is a good company and things will pick up, although maybe not this year. I will be looking for a lower entry point to buy; not sure what level but I guess around 220, maybe a tad lower. If I can buy at that level APF will offer a good yield (4%+) and the prospect of a rise to 300p over the next 2-3 years, with limited downside risk. That's how I see it anyway.

[quepassa] 26/3/2013 13:46

Looks like sub 240p soon on the cards.

And thereafter possibly/likely lower.

Almost 20% down now since the results came out just six weeks ago

ALL IMO. DYOR.

QP

[quepassa] 22/3/2013 18:48

Market unlikely to be enthusiastic about Director Valuations on part of APF's portfolio.

Market will not look too closely at ratio of prospective compared to producing royalty investments in a rising market. But when market sentiment as a whole is negative to the mining sector as now, the prospective (ie not yet productive) royalty investments cast a lengthening and darkening shadow.

Re post 6139, yes in agreement but it surprises me that APF is not down more in comparison to the Big Boys. Although the strong possibility in my view that may well happen soon cannot be ignored or ruled out.

Still no Director Buying since the results. A worrying sign perhaps given the fall over almost twelve months from around 340p to the current circa 245p.

ALL IMO. DYOR.

QP

[prenvest] 22/3/2013 17:32

Just as likely sentiment in mining sector.
Last two years... RIO down 34%, BLT down 27%, APF down 30%.
(approx)

[piedro] 22/3/2013 15:32

Tornado in Australia?

[haydock] 22/3/2013 14:44

Cap Gains perhaps?