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Hi cherry With coking coal now over400$ per t Adaro must be creaming in profits. Good for next Apf update
All I know is that Kestrel is producing 5.7 million tonnes per annum of high quality coking coal. Unless somebody knows better.
Has Cacher found anything on Adaro how Kestrel are doing with the price increase bonanza
With coal having quadrupled in price since August 2020, surely APF are making a fortune?
Coal has gone up 13% in the past 24 FFS and I understand that China has virtually run out.
https://www.bloomberg.com/graphics/2021-materials-silver-to-lithium-worth-big-money-in-clean-energy/?srnd=premium-europe
I am surprised at the recent move down here.. would certainly say price ranges for commodities for which apf has royalties is encouraging and better than it was back in h1. Yes there's uncertainty with a new ceo next year, but I think the overall picture is good and the longer met coal stays where it is.. well, it could be a good end to the year.
'Coking coal swap Australia FOB US$389.0/t vs US$359.0/t last week'
'Cobalt LME 3m US$53,380/t vs US$51,500/t last week'
US$389 = AU$535 currently.
Has our FD said anything about this. Why doesn't he give us a crumb of confidence by purchasing some shares at 129 in a closed period or has he forgotten how to dip into his own pocket. I hope the new Ceo gets rid of the hangers on and forms a thrusting tam rather than relying on 1 to do all the thinking outside working hours
He wouldn't be "involved". They have no say in the mining operations.
"Coking coal swap Australia FOB US$360.0/t vs US$317.0/t"
Met coal prices continueing to look very good for APF. A few months at these levels and kestrel could make a big dent in the Voisey's debt.
Hi CB, yes all looking positive. I would expect Narrabri to be doing quite 'well'. Some other thermal coal stocks doing very well(eg TGA). Kestrel.. it's hard to calculate(I'm not quite sure how the FOB price translates to the price invoiced at the mine), but due to the royalty's gearing to coal prices.. this could do *very* well if these prices are sustained for a while.
Dusty....all looking positive at the moment and would be great if the Company can also announce that JT has completed the sale of APF shares that he indicated.
"The use of cobalt and nickel in EVs was up 110% ytd, with per vehicle nickel use up 9% and cobalt up 6%."
"Coking coal swap Australia FOB US$254.5/t vs US$213.5/t yesterday"
^ From SPangel daily report cherryburn pointed me to.
Crikey, somebody is buying this!
anyone who doesn't keep check of companies ex,dividend dates needs to look this one up and realise that it a buy or hold at least.
After Tregar’s hard work. This should be nearer to 150p
Up nearly 4% today, come on APF let’s go.
@hxwhatever - afraid you are correct, I don't like the opinions of people who sell at the first sign of minor disruption and then hang around deramping so they can get back in lower. Well, you have blown that. Sorry for the delay, I was busy topping up at 124p. Way overboard on this now. Dividends coming fast over the rest to the year, no time to play games.
And with a 7% yield at 129p this is a very solid share to hold and top up on any weakness
@PCompany: "Look at APF against any of the royalty peers (the majority of which are in Canada) and APF looks v.cheap"
I completely agree with you. I feel as though my money is safe here. It's just that the market doesn't agree with us for reasons that I do not understand. I'll continue to hold, but am not inclined to increase the size of my position. I am guessing that JT also couldn't understand why this company is so poorly valued. Perhaps moving the primary listing to Canada or the US would help, but even Canadian miners are not doing well lately.
While I think growth prospects in terms of new income streams may now be limited, the bottomline is that Mr.Treger has left a great legacy in APF where income streams are based in "low risk" jurisdictions and long term growth markets, I believe within the next 6 months, APF will be re-evaluated on fairer valuation. I am still a long term shareholder here and plan to top up after the dust settles as I do not see any warning bells here yet that would threaten projected income.
The point is that APF is good value even before today's fall and the reality is that a new CEO will not change the income potential of the royalties which is dependent on commodity pricing.
Look at APF against any of the royalty peers (the majority of which are in Canada) and APF looks v.cheap
@PCompany: "It's a BUY here, surely?"
The market hates uncertainty and there are few greater uncertainties than having a new CEO. I have a modest holding and will hang back to see how the dust settles. Maybe I'll add if it's attractive.
The shares were marked down for good reason, RNS today has confirmed that the current CEO is retiring and that a search for successor has has just started. It does provide for a potential period of overlap to bring successor up to speed. The shares might be a buy for you, but a hold for me and if I do not like the choice of successor, then a sell.
APF looks like good value and trades well below NAV. In an inflationary market and strong commodity cycle it looks like a share that is even better value. It's a BUY here, surely?
I think he doesn't want to get too involved with the Brazil project and world travel where covid prevails