Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Anglo terrific ??? Or something like Greener royalties ticker symbol GREAT
Pleased with today's numbers. I hope they can pick a sensible name - I understand why they feel the time is right to rebrand.
Looking forward to seeing what is next through the door. From all of the interviews I've heard today it sounds like we won't have too long to wait.
Must have cost 1m to prepare so plenty to read and puts us in the news. What about the name change. OCR?. ZERO CARBON ROYALTIES?
Hi. thanks for that Cach. have my highest holding here now. I think the divi is solid for a couple of more years at least and we wont see the £1 shop again. Has JT till got a substantial holding? It would be good to see directors buying more at this level to be more comfortable with longer term prospects
Well it's great news that the West Musgrave project is now fully permitted. Permitting risk is, in my opinion, the biggest concern for mine developers right now.
Interesting that BHP are looking at buying Oz Minerals. Until 2014, BHP were the owners of West Musgrave, so it's a project they know well. If BHP do complete the transaction then I think we can expect WM to be fasttracked to production. After all, nickel sulphide deposits are in very high demand.
Altus Strategies and Elemental Royalties have completed a merger. It's a good outcome for both parties. Elemental have a good level of cashflowing assets but have always been short on a pipeline (80%+ of their assets are cashflowing). Altus are almost the opposite. They've got some cashflow from Caserones, but the bulk of their portfolio is development/exploration assets.
So the combined entity has a decent level of cashflow AND an attractive pipeline of assets that'll hopefully provide future cashflow.
For clarity I own both.
Hi Cach Why & What's happened to Altus. Hope we don't do same
I believe it is 1.75p scheduled for 31 August .
Final permit in the bag for Oz Minerals and their West Musgrave project. Fantastic news for APF
https://www.australianmining.com.au/news/oz-minerals-clears-final-west-musgrave-hurdle-in-wake-of-bhp-rejection/
Anyone know the date of our next divi cheque?
Best interview I have EVER seen by Kevin by a mile. Confident, clear. concise. believable. Very impressive
mrmyton
another one
https://www.proactiveinvestors.co.uk/companies/news/988687/anglo-pacific-s-interim-results-outflank-forecasts-988687.html
three in one day,blimey
Thanks for posting - great results.
Not sure why the SP hasn't gone further North......
Cheers Icwanderer!
that's interesting but slightly confusing that South32 are doing this
"South32 will hold an approximate 16.9% stake in Anglo Pacific post transaction completion, demonstrating conviction in the outlook for our existing business, the acquired royalty portfolio, and our proven ability to deliver shareholder value. We are delighted to welcome South32 as a shareholder."
Graham Kerr, Chief Executive Officer of South32, commented:
"The sale of these royalties unlocks further value from South32's portfolio. The transaction will realise upfront and future cash payments for South32 while retaining our exposure to these base metals royalties through a shareholding in Anglo Pacific. We look forward to continuing our relationship with Anglo Pacific."
Suggest you have a look at the RNS from 12th July Pedrobull.
RNS out today notification of major holding by South32 Limited 16.9% previously none!
Never heard of South32 but they look a big outfit https://www.south32.net/who-we-are
“ rust that the Company will be able to maintain the current dividend payout and increase substantially in 2024 onwards.”
Listening to the interview 7p is well covered and will hold but any additional capital will be used for growth for a couple of years at least.
Personally I would rather they held onto some coal.
The South32 deal has meant cash that would have been used for divi from coal revs are being used to fund the quarterly additional payments to south32.
100m of income is in sight on completion. But there is 17% dilution. So 4.5% ish yield for now which is excellent for a royalty company.
I think capital gain is on the cards as they have timed a lull in commodity prices but I am now on the sidelines because there are better immediate higher yield income plays and there are better immediate capital gain plays.
This looks like a slow burn cyclical now. Great as part of a long term balanced pf or for a trust, etf etc but not what I need at this point. I have to work my money harder but defo one for the watchlist.
Good luck with your investments
Usual caveats
Trek
Cobalt and copper exports have been stopped in the DRC - squabble between Government and China - might see a price spike?
I just got back from shops and saw this Great News. happy bunny here.
Cacher was 'bang on' with:
'I wonder whether there's a deal in the pipe over in North America.'
From a few days ago.