Anglo Pacific Share Discussion Threads

[tommygriff] 23/9/2021 11:30

What's the best platform to acquire shares in CoTec Holdings Corp on? I don't think you can it via HL & AJ Bell

[sporazene2] 22/9/2021 12:39

cocopah - I think they have had a volte face with their strategy and are moving away from coal which was summarised when they changed their name. Would not surprise me if they/JT have a technology licensing deal lined up and material ready to go.

[cocopah] 22/9/2021 10:07

#LLB & #Sporazene2 Thanks for the heads-up. Just had a look at their business focus (coal and anthracite in the Ukraine). Presumably JTs involvement here is promulgated by his ‘coal expertise’. Thoughts?

[laurence llewelyn binliner] 21/9/2021 19:00

#Sporazene2, interesting find...

Vancouver, British Columbia – Cotec Holdings Corp. (TSX-V: CTH.H) (“CoTec” or the
"Company") is pleased to announce that Mr. Julian Treger has been appointed to its Board of Directors and as Chief Executive Officer (“CEO”) Designate and will succeed Mr. Hendrik Dietrichsen as CEO of the Company in due course. Mr. Treger has recently announced his intention to step down from his CEO role at Anglo Pacific Group Plc (“Anglo Pacific”) on March 31, 2022. In the interim he will continue to fulfill his duties as CEO of Anglo Pacific while utilizing up to twenty percent of his time during the transition period, to pursue other activities including his responsibility to CoTec..

JT has bought 10% (20% with warrants) of them through his investment vehicle Kings Chapel, which AFAIR is the same Co that sold some of his APF shares recently..

APF is much better positioned and stronger for JTs inputs and the next chapter for APF and our new CEO is yet to be announced, but I have a feeling this is already in the bag and waiting to Shine.. :o)

[sporazene2] 21/9/2021 18:12

FYI - Treger going to Cotec Holdings - Canadian listed, it looks like a micro cap so presumably he will be large shareholder. I havent gone through their info as of yet but thought I would post

[laurence llewelyn binliner] 21/9/2021 15:59

175p for Xmas being a challenge.. :o), but that said, the company portfolio is intact, income will be stronger than Q2, the dividends are all mapped out and well covered, the Q3 earnings report is just over a month off (05.11.2020) and a lot can change with momentum/sentiment after a strong quarters results..

BRWM are not doing any better and they are a whole lot bigger than APF with a diverse portfolio, YTD we are both down -6%...

Our bigger earnings are just about to kick in, so it will be a very interesting run post Q3 to year end..

[tommygriff] 21/9/2021 14:39

Wouldn't surprise me if we got somewhere level by cob. Had this a couple of times now with share price manipulation

[cocopah] 21/9/2021 13:21

With no communication likely from JT (during his transition period and the search for the new CEO) this share price decline looks set to continue until the Q3 income is communicated. I am beginning to think the £1 level is seriously in play, as somebody suggested earlier. Here’s hoping there are no nasty surprises to the downside on the Q3 income update! Yes, the markets have been impacted by Evergrande etc, however the APF share price has now declined 25% since the year-high in May, despite the positive compression in the dividend timetable. Perhaps the markets are concerned about financing the debt or what the BOD will do about the revenue from Narrabri?🤔🤷‍♂;️

[gateside] 21/9/2021 12:56

Very strange price action today. Peaked at 132pNow back to 122p

[laurence llewelyn binliner] 20/9/2021 09:40

#Gateside, 7.2% yield indeed, and we know the next 3 dividends are covered off.. :o)

For a 9p payout on 212M shares earnings need to be GBP19M/USD25M, and with our portfolio generating approx double that, we are well positioned, and comfortably covered *2 ..

For comparison BRWM are down -25% YoY too, so it is not APF specific and they are only paying out 4.5%..

Our earning are only just starting to kick in from the current higher commodity prices and a full quarters delivery of Cobalt from VB July-Sept, we will soon see the impact of this next month in the Q3 update..

China and Evergrande are weighing heavy on stocks currently and it is an interesting watch to see if state intervention happens over there or they default on their enormous debt pile..

[buywell3] 20/9/2021 09:15

Commodities generally dropping back

Plus companies involved in their extraction


free stock charts from uk.advfn.com


dyor

[gateside] 20/9/2021 09:10

Yield is 7.2% now, as long as the dividend is safe.

[laurence llewelyn binliner] 19/9/2021 14:20

The inflation cat is not going back in its bag anytime soon either, right now I cannot see the MPC putting rates up although the last meeting vote was a lot closer than I thought it would be.., if we get a few 0.25% rises by 2023 it will be a start but to stop inflation we need to be on the same % number or higher, so 5/6/7/8% and that just is not going to happen IMO, it would cripple business recovery, home owners, and the Gov who cannot pay back the debt at 1% let alone any higher..

[madengland_] 19/9/2021 07:55

There's a real risk that the inflation cat is out of its baghttps://www.thetimes.co.uk/article/05f4f5e4-1807-11ec-90af-743585f1287c?shareToken=da3e3d28381ebd6276639c8b6d7072a6

[laurence llewelyn binliner] 18/9/2021 08:41

A poor day for a lot of shares, Iron ore pulling back quite a way from the recent highs, around -40%, but proportionally LIORC is only down 20%, the next XD 30.09.2021 assuming we are still holding..

In contrast, Cobalt now USD53,000 per tonne and rising slowly...

Nickel has been through USD20,000 per tonne and getting closer to a new ATH as BRN inches forward...

Coal pricing is strong
Copper steady at over USD4.25 per pound
Vanadium USD9 per pound..

The APF portfolio demonstrating how diversity can and does capture a lot of the gains and our Q3 closing in less than 2 weeks has a lot of room to surprise to the upside on income.. :o)

[cocopah] 17/9/2021 16:19

Given the whacking that iron ore has had this week and the looming Evergrande disaster (with knock-on impacts for construction in China) it will be interesting to see what we do with our stake in LIORC! At this time I think it would be madness to cash in on the coal assets (our share price can’t get much more depressed than it already is (or where the charts are taking us!) and we need the income to reduce the debt. Let’s kick the can down the road on this strategic review JT. In other news, nice to see that Proactive today posted a positive write-up on the dividend paying stocks of APF and CEY … as someone said, “Good content isn’t about good storytelling. It’s about telling a true story well!”🙏;🏻 👍🏻😂

[madengland_] 17/9/2021 08:12

Feels to me like China jitters might be chucking out an opportunity to add to those who want an even better yield. Not a particularly recent article https://www.thestar.com.my/aseanplus/aseanplus-news/2021/09/07/china-australia-relations-as-demand-for-coal-surges-how-long-can-beijing-keep-banning-australian-supply#:~:text=Australia%20was%20one%20of%20China's%20biggest%20suppliers%20of,two-way%20trade%20between%20the%20two%20major%20trading%20partners.

[stevie blunder] 16/9/2021 17:53

Benchmark Newcastle thermal coal will average US$190 a ton in the fourth quarter, up from a previous forecast of US$100, to meet demand in the northern hemisphere winter and taking account of a global rally in natural gas, analysts Paul Young and Hugo Nicolaci said Tuesday in a research note. The bank lifted its 2022 forecast to US$120 a ton from US$85.

The bank also lifted forecasts for coking coal used to make steel, with fourth-quarter prices now seen 48% higher at US$230 a ton, while it raised its 2022 average by 13% to US$175. Australian coking coal futures on the Singapore Exchange settled at US$365.50 a ton on Tuesday.

[cocopah] 16/9/2021 17:41

I’m pretty sure cobalt will be needed for a variety of purposes but what is everybody’s thoughts on this⬇️?
hxxps://www.proactiveinvestors.com.au/companies/news/959999/heres-what-you-need-to-know-about-investing-in-manganese-959999.html

[cocopah] 16/9/2021 15:29

#LLB, Good news, thanks for that. Following today's macro announcement on the submarines, do you think China will start playing their games with Australia again on imports?

[laurence llewelyn binliner] 16/9/2021 11:38

The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash dividend of CAD$2.10 per Common Share.
The dividend is payable to holders of record at the close of business on September 30, 2021 and is to be paid on October 26th 2021..

APF to receive another USD1.7M income and inside our Q4.. :o)

[the deacon] 15/9/2021 09:55

Yes I agree. BRN in particular is a key asset from an ESG/electrification/EV standpoint. The fact that it has US government support just adds to the attractiveness.

[laurence llewelyn binliner] 15/9/2021 09:50

#The Deacon, I do get the ESG movement, global warming is real, and polluters need to act before it gets any worse..

However, selling assets just to tow the ESG line, when the very same assets will continue operations under different ownership does not make much sense and has zero net impact on the carbon emissions so it is a harder decision, Narrabri averages around GBP4M/USD6M a year income, APF are about generating income, buying more EV metals is expensive at todays Nickel/Copper/Cobalt prices so I would expect the BOD to wait for the next commodity bottom before adding any more royalties outside of what we have and the options to add/increase already agreed..

Incoa/BRN are the next 2 needing funding, but in the meantime we need to smash the debt down by whatever means necessary, Narrabri with permit extensions could generate well in excess of USD100M, and that goes a long way paying for dividends too, in raw cash terms paying for both of the next 2 royalties (Incoa USD20M + BRN USD70M) .. a 4.25% GRR on a Nickel project is very nice income indeed..

[the deacon] 15/9/2021 08:48

I think theres two aspects to the divestment case. Coal prices are rocketing, and this will undoubtedly add to our bottom line. However, from an ESG standpoint those assets negatively affect the valuation multiple applied by the market to APF. If/when we divest the coal assets I expect our multiple to improve in line with some of our north American peers. It opens up APF once again to pools of capital that are unable to buy funds/investments where a certain% of income is derived from fossil fuels

[cocopah] 15/9/2021 08:38

I think our share price remains in the doldrums because we have not yet put bread on the table in a recent quarter. Given the price of both types of coal and that we have contribution from most of our income streams this quarter, I will be flabbergasted if we do not smash £13 million (sorry $18m) in income in Q3. I also think it would be shooting ourselves in the foot to divest all the coal at the present time. Even if the latter weighs on the share price until we do, the returns will more than make up for it.