Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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MBL on Bloomberg:
http://www.bnnbloomberg.ca/video/anglo-pacific-ceo-discusses-the-company-s-shift-from-coal-towards-esg-and-battery-metals~2458338
This is zipping up nicely , 1.70p ish close , expect profit takers from 1.57p range
I don't see any reason to worry at all. Kestrel produces met coal, which is absolutely vital in delivering any net zero/climate agenda.
Of course, Kestrel from an APF standpoint is much less of a concern. With a full year expected in 23, followed by a taper to circa 50% over 24-25 before it dwindles away the long term outlook on coal isn't something APF need to think about.
Recent news from Incoa re: distribution agreement for their calcium carbonate:
https://www.palmerholland.com/in-the-news/INCOA-Performance-Minerals-Partners-With-Palmer-Ho
Easy liv
If you go on Apf , plc website info there about , future Responible Projects to answer your concerns , Dividend payday yesterday , should see a steady upwards rise again
Was just wondering if anyone had an assessment on how APF could be affected by changes in the new eco-warrior gov. climate policymakers. Possible could run around shooting off knee jerk policy changes until they realise they need fossil fuels to nurture their ultimate goals.
Do we need to worry?
It's a trade off though. Personally I'd rather see them recycle as much cash as possible into further deals. They pay a sector leading dividend by quite some margin already. Average yield in the royalty and streaming sector is probably under 2%. MBL wants APF to be a growth focused company, and the way he intends to achieve that is to emulate the successful precious metals royalty and streaming companies who are constantly replacing resource and reserves through new deals.
Given the strength of the recent trading statement - 1.75p is a bit miserly - last years was 3.75p final - I do like the fact that the dividend will be paid so quickly
The spot price of Cobalt fell from it's year's high by 8% yesterday, having been steady for 2 months.
Dividend will be 1.75p on a quarterly basis. Personally can't see that changing for quite a while. Company focus is switching from paying a chunky dividend to one of growth. Still way above average in the royalty and streaming space however.
i had a limit order for a buy at 150p and managed to scoop a small amount(988 shares). in £93 profit now...i'm minted!
Pretty sure Julian doesn't have a holding now, he was well below notifiable last time and will have easily cleared the rest
But it is good to see Directors with skin in the game -
wonder what the final dividend will be this year..
Would like to see JT sell down his total position now so that the Company can move on without his stock overhang.
Commodities down on recession and supply side constraints also China extended lockdown..
I sold 2/3rds Friday. Took my money out. Left in profit to ride to hedge my bets.
Chart was due a pull back at some point will see how it goes. Can always buy back in.
Usual caveats
Trek
Anyone know what is behind the recent SP slide?
Some heavy selling; maybe JT again...
Happy with that. The faster they can reduce debt the happier I'll be.
Not against leveraging in certain companies such as utilities with low risk, reasonably predictable returns but not my cup of tea here. The commodities cycle can be brutal - the lower the outgoings in a downturn the less need for fire sales and so on. Just ride it out.
Management has been clever / lucky in this cycle and has borrowed to make some very good calls. Please don't push it !
Does anyone think he will start campaign of reducing holding in large tranches now before Kestrel is done
Stonking numbers! Outlook about deleveraging/accretion.
https://www.londonstockexchange.com/news-article/APF/q1-2022-trading-update/15426605
Usual caveats
Trek
Record portfolio contribution of $43.6m, (Q1 2021: $4m), a third consecutive quarterly record – 14.4% higher than the previous record of $38.3m in Q4 2021
Good luck all...
I think tomorrow's announcement will determine whether we will reach 226p or drift back down to 150p.
Press release 07.00 UKT Weds - positive news one hopes!