Anglo Pacific Share Discussion Threads

[noslien] 16/1/2014 21:41

what %-age of Kestrel production is from the APF royalty area?

This has been discussed before, would need to check to find the answer. But, I don't think this is quite the right question. Most important is where Rio are mining, and I think they said that they would be mainly exploiting the non- royalty area first. So it may be jam tomorrow.

[noslien] 16/1/2014 21:24

what %-age of Kestrel production is from the APF royalty area?

This has been discussed before, would need to check to find the answer. But, I don't think this is quite the right question. Most important is where Rio are mining, and I think they said that they would be mainly exploiting the non- royalty area first. So it may be jam tomorrow.

[munin] 16/1/2014 19:44

APF only have royalty rights over part of the Kestrel mining area.
Does anyone have an idea of what %-age of Kestrel production is from the APF royalty area?

[dgellissnr] 16/1/2014 09:07

Bloomberg 15/1/2014
rio tinto coal output hit records
rios attributable thermal coal production
was a record in 2013 up 12%

[christh] 15/1/2014 10:23

Kestrel Mine.
(from Rio Tinto website)
Rio Tinto in July, commenced coal production at the $2.0 billion Kestrel Mine Extension, which will add 20 operational years to the mine.

[quepassa] 10/1/2014 08:33

Heartfelt commiserations to all.



The Company remains however in a state of flux and the near-term outlook for coal remains weak. As does the outlook for gold.

As if there wasn't an abundance of new coal mines already in The Far East, now Germany is reopening old coal/lignite mines to satisfy demand for domestic fuel now that it has gone non-nuclear.

The boom in shale-gas is also a threat to coal. The air pollution in China cities is now so appalling that sooner or later, China will be forced to reduce coal-fired electricity generating stations.

This company continues to face many challenges. The new management is as yet unproven.

ALL IMO. DYOR.

QP

[haydock] 09/1/2014 10:00

Sad news, a very sensible stable growth company under his hand.

The transition had clearly taken place, but it is a shame he did not live to enjoy the benefits of his good work.

[topvest] 08/1/2014 21:21

Yes, very sad. Guess this was the reason for the management changes - always felt he was the key individual behind this. Was that correct?

[christh] 08/1/2014 14:49

Sad, mr Boycott died yesterday.
He was the chairman for years.
I met in the agms.
Now the company is in new hands both new ceo and new chairman, hope will go past the glories of previous years and return to the ftse250 and the price goes to 400p (highest was 365p)
Off cource new royalties start which will improve the revenue and rise the dividend.

[christh] 08/1/2014 07:52

Results can't be far away now.
Hopefully they will drive the share price back to 250p.

[noslien] 29/12/2013 09:41

I see that Blackrock World Mining Trust is to start pushing into "royalties". More competition for APF. Pity they don't bid for them.

[wednesday6] 28/12/2013 14:25

I'm looking to purchase a few of these and have been watching it for a few weeks now, however its hard to see where the bottom is at the moment with the price still falling even during the recent santa rally. The dividend is very favourable though and anglo pacific look a good long term prospect.
I may watch it a while longer and see if a dow footsie pull back if it comes results in any further drop in share price but would not be to disappointed at entering here if not.
Quepassa are you contemplating re-entering? and any thoughts from current holders would be welcome,
if not good luck to you all anyway.

[haydock] 23/12/2013 14:31

Merry Christmas to all in APF.
Hoping for a change of direction in 2014,new broom, new ideas, old profits.

Hay

[ned] 23/12/2013 14:10

Thanks pinkalltheway.

Lets hope that the Directors' "skin in the APF game" is reflected in the progress of assets like this that they are sourcing.

Merry Christmas to all holders.

edit
Piedro discovered that this deal was done at the end of last year and that
Theobald is on the board

[pinkalltheway] 23/12/2013 13:25

Anglo sneak a holding in a new Aussie rolyality company, it appears Anglo have a 10% holding in a unlisted company called "Phoenix oil & gas" and it appears to have some good assets and are reversing into a listed shell called Torrens Energy on the ASX should be an exciting little play, one to watch.

[haydock] 18/12/2013 09:25

Our new CEO is very, very, conversant in the wheeling & dealing of coal in B.C.
In fact before he arrived at APF up to his neck in it !

Many thanks to Piedro, for this major update of our coal prospects.


Coal samples at Groundhog ...

Atrium Coal identifies bulk sample areas
hosting ultra high grade anthracite

[rcturner2] 16/12/2013 15:49

At least they have their own skin in the game.

[noslien] 16/12/2013 15:33

Well if there is a consolation in this, it is that the new directors bought in 1.28 million shares at £1.95, so that's a good £120k they are under water at the moment. Ironically my concern is not with any short term price weakness, that happens at times especially for lesser traded companies. I am rather more concerned that the new guys may be more style than substance, and will actually change this company in the wrong way. However, there is so little news it is difficult to know what to make of it all.

[gavapentin] 16/12/2013 12:49

What is frustrating is that it used to be!

[quepassa] 16/12/2013 10:48

no suggestion of a tailspin.
sometimes indicative of a trend but not always.
bought apf recently at 220p, selling at 198p. recognising 10% loss.
had I held on a few weeks more that would have turned into a 16% loss.
so for my personal trading style it was the right thing to do.
it is clear that there are other investors with different trading styles and I hope they all prosper.
however one characteristic which I particularly dislike with this share is its general weakness and lack of market support. It peeked in late September after the new man came on board at about 235p and just six weeks later it has already fallen back by some 17-18% to around 185p.

That is a big fall/retrenchment in really short space of time, irrespective that is went xd to the tune of c.4.5p

the share is just not robust yet.

ALL IMO. DYOR.
QP

[rcturner2] 16/12/2013 10:28

Thanks QP, always interested in other people's trading styles.

I would have thought that it would lead to overtrading. A 10% reduction in a lot of stocks does not mean that it is about to enter tailspin.

[quepassa] 16/12/2013 10:19

each to his own.

capital protection is a top crunch-point for me.

Cutting at a 10% loss can indeed be a very hard task-master but, my goodness, does it focus one's concentration.

easy enough to recover a 10% capital loss. making up ground on a 50% loss can take ages.

I once made a reference to this phenomenon in post 6368 of which this is an extract:-

QUOTE

An extract from a favourite piece of literature which I read every day:-

"....You must always know when to pull out. Remember that. Never become hypnotised by the beauty of numbers. A businessman isn't a mathematician. A businessman is someone who buys at ten and is happy to get out at twelve. The other kind of man buys at ten, sees it rise to eighteen and does nothing. He is waiting for it to get to twenty. The beauty of numbers. When it drops to ten again he waits for it to get back to eighteen. When it drops to two he waits for it to get back to ten. Well, it gets back there. But he has wasted a quarter of his life. And all he's got out of his money is a little mathematical excitement."

VS Naipul - A Bend in the River.



ALL IMO. DYOR.

QP

[rcturner2] 16/12/2013 10:06

Is 10% not a bit low?

Noise on many shares would exceed 10%.

[quepassa] 16/12/2013 09:58

exactly.

It seems that shareholder divi's are a top priority to the new CEO but history shows that high yielding shares do have a nasty habit sometimes.

frustrating indeed.

I sold my short-lived recent holding some while ago at a 10% loss - the maximum loss I ever tolerate on any investment under my personal portfolio risk criteria.

good luck to all but in my view not a particularly auspicious start under the new regime.

ALL IMO. DYOR.

QP