Anglo Pacific Share Discussion Threads

[rcturner2] 14/1/2015 08:42

Still dropping like a stone here.

[neilyb675] 14/1/2015 08:36

LIVE: 91p

Looks like cash dividend.

[neilyb675] 13/1/2015 16:34

Current price: 94p

The Scrip Dividend Alternative is subject to the condition that if on January 14, 2015 the ordinary share price is equal to or less than 92p, the Scrip Dividend Alternative will automatically be cancelled and a cash dividend paid as if the offer and elections pursuant to it had not been made.

[quepassa] 12/1/2015 10:38

And thanks for that. But only to be expected.

You are a lost cause with nothing worthwhile to say.

Post 6879 refers.

ALL IMO. DYOR.
QP

[neilyb675] 12/1/2015 10:20

"Because you clearly"
__________________________

Dear Sir,

Please do not start a sentence with "Because". You are now educated in this matter, where you previously were not.

kind regards

Neilyb675

[neilyb675] 12/1/2015 10:18

RCTurner2
12 Jan'15 - 10:10 - 6880 of 6880 0 1 (Filtered

[rcturner2] 12/1/2015 10:10

QP, if you have a read of Neil's other posts, you will realise that he is thick as a plank and has a knack of picking shares just before they collapse in price. There was one hilarious post on the UEN thread where he could not even work out a 20% figure and defended his maths when everyone laughed at him. I have him on filter now, but seeing where he posts is a useful bear signal.

[quepassa] 12/1/2015 10:03

Is that really all you have to say.

Because you clearly cannot hold your end in a discussion or defend your position in an intelligent way, you resort to the standard name-calling, puerile and bullying tactics, fault-finding and mockery. Were you the skool bully?

"muppets/skool"

pretty pathetic stuff.



ALL IMO. DYOR.
QP

[neilyb675] 12/1/2015 09:51

"And it's not any getting better."

___________________________________________

Muppets don't go to school, or should that be skool ?

[rcturner2] 12/1/2015 09:19

chris, not so clueless that I sold mine at over £2. Things are going from bad to worse here, the next set of results will be very interesting.

[neilyb675] 09/1/2015 11:34

My dear chap - you clearly have an agenda, which you are pushing in one-sided, biased, position posting way.

Kindly show both sides of the story and not just your negative stance.

[christh] 09/1/2015 10:41

RCTurner2 9 Jan'15 - 10:04 - 6871 of 6872

Obviously you are ignorant, short seller,clueless!
I suggest you do your research before you criticize others.

This is a company which is....
Debt free,profitable,pay dividends,growth,dedicated management.

[quepassa] 09/1/2015 10:35

My dear chap, I didn't fail to say anything. I said precisely what I intended to say.

However, when any given RNS states a figure of 43% whereas reality turns out to be 5%, I personally sometimes start taking further future assumptions with a big pinch of salt.

In case it had escaped your notice, APF sets out its stall as a Royalties Company and that is what in my opinion the market may or may not expect from them. Royalties.

Hopefully reliable, steady and growing income from Royalties.

The reduction in 2014 Royalty income from some £14m to around £3.6m is not good in my view.

In respect of disposals of £8.7m which you mention, that may be the case but it just reduces the asset base of the Company in exchange for cash which may be used for a whole variety of purposes.

And moreover the disposals figure in isolation is somewhat meaningless in my view. What would be more interesting to me is whether the disposal of these assets had thrown up a profit or loss against book-value. Not just the proceeds figure of £8.7m but the profit/outcome on disposal.

In respect of the cash item of £8.8m which you correctly mention. Figures in isolation are, once again, rather meaningless and lonely. If memory serves correctly (but please check), weren't half-year cash balances just six months ago as at 30/6/14 significantly higher at £14m+ ? - Five £million has apparently been used. Cash balances are not as high as six months ago.


ALL IMO. DYOR.
QP

[neilyb675] 09/1/2015 10:05

RCTurner2
9 Jan'15 - 10:04 - 6871 of 6871 0 1 (Filtered)

[rcturner2] 09/1/2015 10:04

chris - you are completely deluded

[christh] 09/1/2015 09:59

The RNS reaffirms the company trade statement about Kestrel mining by RIO which was announced last year (2014).
The 70% - 75% mining royalty expected from RIO will see the share price move,
and the profits along with dividends rise.
The bad news were factored in the price hence the drop from 200p+ to 100p.

Now we should expect a share price rise to 180p-200p and by the end of the year around 240p.

[neilyb675] 09/1/2015 09:34

They have also stated:

. Gross proceeds from disposals of non-core equity and debt investments of approximately £8.7m

· Cash and cash equivalents of approximately £8.8m as at December 31, 2014

AND you also fail to mention:


Anglo Pacific expects production within the Company's royalty lands from the Rio Tinto Kestrel mine to be in the range of 20% to 25% for H1 2015 and 70% to 75% for H2 2015 based on Rio Tinto guidance. The Company anticipates that this trend of increasing production within its royalty lands is to continue throughout 2016 and 2017

[quepassa] 09/1/2015 09:29

In August 2014 , an expected figure of 43% Kestrel output in H2 2014 was given by APF in the relevant RNS.

Today, it has been written that just 5% was actually mined. This is a circa negative 90% variance to expectations.

That is an enormous variance.

Visibility on Kestrel output is, it seems to me, not an easy task.

With only 5% being mined in H2 last year/2014 from Kestrel, one can but wonder to oneself how that may or may not impact on income/profitability/net assets for the financial year just gone by.

If they thought they were going to get royalties on 43% of their lands but only get royalties on 5% of their lands for H2 2014, what will that to their trading figures and outcome for last year 2014?


In today's RNS, APF say that Gross royalty income for last year 2014 is expected to be £3.2 to £3.6m.

The royalty income for the prior year 2013 was £14.7million. That is a major drop in royalty income. A drop of c. £11m+

Personally and in my opinion only, I don't see how such an enormous 2014 fall in royalty income , can help support their stated dividend policy.



ALL IMO. DYOR.

QP

[christh] 09/1/2015 08:35

Very good news and the statement is significant

Trading Update
-- Gross royalty income expected to be in the region of GBP3.2m to GBP3.6m for 2014
-- Gross proceeds from disposals of non-core equity and debt investments of approximately GBP8.7m
--Cash and cash equivalents of approximately GBP8.8m as at December 31, 2014
-- Anglo Pacific expects royalty income from Kestrel to increase substantially as mining re-commences within our royalty lands during 2015

Julian Treger, Chief Executive Officer, commented:

"We expect a further ramp up in production levels at Rio Tinto's Kestrel mine during 2015, and expect tonnage mined within our lands to increase substantially in 2015 with these trends continuing into 2016 and 2017.

The challenges facing natural resource companies are increasing the demands for alternative financing as reflected by the increasing number of prospective royalty acquisition opportunities in the Anglo Pacific pipeline."

Producing royalties
Kestrel

Kestrel mined approximately 5% of production within the Company's royalty lands during H2 2014, based on current information from Rio Tinto. This was impacted by the Kestrel mine experiencing lower than expected production levels in 2014 as a result of a slower than expected production ramp-up and a panel change out during Q4 2014 that was not expected in previous guidance for production from the Company's royalty land. We expect to see higher levels of production during 2015 following completion of the panel change out.

Anglo Pacific expects production within the Company's royalty lands from the Rio Tinto Kestrel mine to be in the range of 20% to 25% for H1 2015 and 70% to 75% for H2 2015 based on Rio Tinto guidance. The Company anticipates that this trend of increasing production within its royalty lands is to continue throughout 2016 and 2017.

Financial position
Cash and cash equivalents as at December 31, 2014 was approximately GBP8.8m, and the Company had undrawn credit facilities of USD15.0m. Non-core mining and exploration interests and receivables as at December 31, 2014 was approximately GBP10.0m.

[neilyb675] 09/1/2015 08:12

Third party information

As a royalty holder, the Group often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Group has largely relied upon the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.

[quepassa] 09/1/2015 08:06

This is an extract from APF's RNS dated 18th August 2014:-


"Anglo Pacific expects approximately 43% of production from Kestrel to be within our royalty lands for 2H 2014. "



Today's RNS, 9/1/14 contains the following:-



"Kestrel mined approximately 5% of production within the Company's royalty lands during H2 2014, based on current information from Rio Tinto. "



ALL IMO. DYOR.

QP

[neilyb675] 09/1/2015 07:30

· Anglo Pacific faced challenging commodity market conditions during 2014. However, the number of royalties over mines currently at the production stage increased from three to five and the Company generated cash through disposals of non-core equity investments

· Gross royalty income expected to be in the region of £3.2m to £3.6m for 2014

· Gross proceeds from disposals of non-core equity and debt investments of approximately £8.7m

· Cash and cash equivalents of approximately £8.8m as at December 31, 2014

· Anglo Pacific expects royalty income from Kestrel to increase substantially as mining re-commences within our royalty lands during 2015



Julian Treger, Chief Executive Officer, commented:



"We expect a further ramp up in production levels at Rio Tinto's Kestrel mine during 2015, and expect tonnage mined within our lands to increase substantially in 2015 with these trends continuing into 2016 and 2017.



The challenges facing natural resource companies are increasing the demands for alternative financing as reflected by the increasing number of prospective royalty acquisition opportunities in the Anglo Pacific pipeline."

[neilyb675] 08/1/2015 12:58

30K buy over the ask

[gavapentin] 05/1/2015 11:53

QP - I guess it might save money on transport but I catch your drift.....he needs to be focusing on the day job which is what I subsidise him to do!
Not his other interests.