Anglo Pacific Share Discussion Threads

[woodhawk] 12/3/2021 11:52

... but without a prospective overhang now.

[juuunx2] 12/3/2021 11:49

Looks like another attack on 1.40 I think

[illiswilgig] 12/3/2021 10:19

The Deacon - thank you thats a very useful overview.

cheers

[masurenguy] 12/3/2021 10:03

Good to see some shareprice momentum here today ! 🙂

[the deacon] 12/3/2021 10:02

There has been a lot of work to eliminate the need for cobalt as a stabiliser from batrery technology. So far that hasn't been successful. Similarly, efforts to find a replacement for graphite in the battery anode have been equally unsuccessful. Yes, something like silicon would provide greater density, but graphite is superior when it comes to absorption of lithium ions during the charge cycle, as other materials swell and crack. The primary argument for eliminating cobalt from the battery is because of the ESG principles surrounding it's extraction from places like the Congo. Ultimately that can be overcome, and Vale at Voiseys Bay are an example of that. Additionally, producers in the Congo are upping their game. The lack of 'acceptable' supply resulted in cobalt prices running very high a few years ago, and that was the other worry that battery manufacturers had. The price has come down a lot, thus making it less of an issue. Research that I've done on the market leaves me pretty satisfied that cobalt will be a key battery ingredient for at least the next decade or two. In that time a lot will change as far as extraction and supply is concerned. From what Julian has said about APF's extensive due diligence into the cobalt market, it would appear they've drawn the same conclusion.

[the deacon] 12/3/2021 09:41

Some good drill intercepts from Dugbe in today's HUM news release. Another of APF's development portfolio that's quickly moving forward.

[woodhawk] 12/3/2021 09:35

I'm very impressed with how efficiently the cobalt stream transaction acquisition and repositioning was managed by APF. Looking forward to a prosperous investing future with this company - and some nice chunky divis to come!!

[w1ndjammer] 12/3/2021 09:09

Cobalt free batteries are a long way off, if ever....

echo post 10213 biggest problem is rate of charge, non cobalt batteries
have to be charged slowly. Can you imagine the traffic jams at the services....

They will soon ramp up the capability of the cobalt battery by 50%

the none cobalt will never keep up...............

WJ.

[buywell3] 12/3/2021 08:25

Tesla's Shift To Cobalt-Free Batteries Is Its Most Important ...
www.forbes.com › sites › jamesmorris › 2020/07/11 › t...
11 July 2020 — Elon Musk could be onto a winner by switching Tesla batteries to ... as a technology journalist and a life-long love of cars, so having the …

[buywell3] 12/3/2021 08:24

Cobalt, nickel free electric car batteries are a runaway success

Few months in, LFP Model 3 already commands 5% of global EV market, counts for 21% of Tesla battery capacity hitting roads–even before key patent expiry next year.
Frik Els | March 11, 2021 | 2:30 pm

[laurence llewelyn binliner] 12/3/2021 07:54

LIORC through CND40 per share now, so our position is worth >GBP25M... :o) should we need it elsewhere...

[jackdaw4243] 11/3/2021 19:51

Well now that i'm in that should be the kiss of death.

[haywards26] 11/3/2021 17:15

It feels like we are now on our way after the placing drag back.

[woodhawk] 11/3/2021 16:41

Nice to see the return of some more positive movement!

[laurence llewelyn binliner] 11/3/2021 14:51

LIORC knocking on CND40 a share today, we still hold 1.75% of them and my guess is they might get cashed in soon to fund some of the next royalty ... :o)3 weeks to year end and FY results time in April...

[masurenguy] 10/3/2021 08:00

Re: #10199 - cheers cocopah !

[laurence llewelyn binliner] 09/3/2021 18:11

2015 DPS 7p | cover 0.35
2016 DPS 6p | cover 1.63
2017 DPS 7p | cover 2.40
2018 DPS 8p | cover 2.25
2019 DPS 9p | cover 2.27
2020 DPS 9p | cover tbc
2021 DPS 9-10p is a reasonable expectation IMO, the rest will come from the share price . :o)

[woodhawk] 09/3/2021 18:10

Yes, I am hoping for circa 9p over the next year, Cocopah. Thanks to some concentrated trading and some unusually fortuitously-timed buying my own average is approx 108p and I've already banked one dividend in the four months I've been buying this stock. Currently, I am sitting on a little above my average size holding. Onwards and upwards!! Best of luck to all holders.

[cocopah] 09/3/2021 17:39

Woodhawk & LLB ... I know that this year’s divi is 9p. Setting aside the one-off 3.75p in the next payment, the normal divi is 7p per annum, so I’m hoping this increases to 8p or 9p as a basic divi in 2022. Of course this assumes VB goes as planned and we get other accretive divis from the planned investments in the near term. Of course it may go higher. Either way for those of us who have topped-up and are potentially averaging in the 120p to 128p the return is in excess of 7% minimum. I have therefore see £1.60 as a no-brained in the near-term ... we shall see!

[woodhawk] 09/3/2021 17:17

Re dividend - see the Trading Update on 8-2-2021

"-- Recommended final dividend of 3.75p which when combined with the 5.25p already paid or declared results in total dividends for 2020 of 9p (2019: 9p)"

[laurence llewelyn binliner] 09/3/2021 17:14

#Cocopops, the final dividend has not been declared yet, but from the recent RNS the publication of the 2020 annual report will be delayed by three (3) weeks and released on 14 April 2021..

Then the Q1 update on or around 27.04.2021 too, at which point I am expecting to see GBP 13-15M earnings reported, which will in turn justify a re-rate towards 200p and this is why...

FY2018 | GBP 49.4M income | 28.8M net | 15.97 EPS | PE 9.00 | 145p
FY2019 | GBP 59.5M income | 29.0M net | 16.06 EPS | PE 11.5 | 183p
FY2020 | GBP 36.0M income | 18.0M net | 10.00 EPS | PE 12.8 | 128p
FY2021 | GBP 70.0M income | 35.0M net | 17.00 EPS | PE 12.0 | 210p target price (revised earnings)

A repeat 9p DPS for 2021 is a reasonable expectation now the share capital has increased +20%, if the US/CND markets see more value then we could see a higher PE too.. :o)

[cocopah] 09/3/2021 16:55

Masurenguy that would be the 13/05 and 28/05 according to dividendmax.

[masurenguy] 09/3/2021 16:08

When is the Ex-date and Payment date for the final 3.75p dividend?

[cocopah] 09/3/2021 16:01

Yes I agree, a tempting entry price so topped-up today, easy to get overweight in this now! Probably need to see the monthly accretive contributions from VB before investing more. Share price rises aside, I’m expecting between 8p and 9p per share divvy in 2022. The 0.0375 upcoming divi is welcome though.

[flagon] 09/3/2021 11:53

I have quite a few of these but have added this morning as well.

Hopefully the following will complete in short order ...

The Company is currently exploring a number of additional accretive royalty and stream opportunities; any one of which may complete over the coming quarters. In particular, the Company is assessing a base metals opportunity in production, located in an OECD country, which would further transition the company towards battery metals. This opportunity would likely entail an up-front purchase price of US$50 million and would be funded from a combination of cash resources or further monetisation of the Group's LIORC holding. There can be no certainty that this opportunity will complete but if it does, it is likely to complete in the first quarter or early in the second quarter of this year.