Member Info for dusty42

From the telegraph article someone linked to: He said the company, which has a market capitalisation of $284m, may consider a move to London’s main market in the near future. Any views on this?

Nothing new but may be of interest to anyone looking at these: http://www.stockopedia.com/content/sif-portfolio-can-central-asia-metals-deliver-a-copper-bottomed-profit-162253/ And kounrad on google maps. Like the way you can see which bits they were leaching at the time: https://www.google.co.uk/maps/place/Kounradskiy+100000,+Kazakhstan/@46.984811,74.9794651,5458m/data=!3m1!1e3!4m5!3m4!1s0x426f864ddad70b19:0x529822494ac1bd9d!8m2!3d46.95916!4d74.991318

I had good expectations here, but as usual this company seems to have surpassed them. Plenty going on in q2, so should be a reasonable news flow.

Jumped a bit on close!

Average sale price per lb is probably not going to be much different h1/h2, and looks like it'll be a bit worse than 2015. I take your point that the pickup in price was quite late in the year. However a couple of thousand tonnes more produced in 2016. And if they're producing at $0.6/lb, hopefully caml are more insulated than most to a bit of a depressed price.

Has this company ever put out a bad set of results? I reckon they'll be solid. Escondida getting back to business for now, but this and other disruptions have got to have had a sizeable effect on supply already this year. It'll also be interesting to hear what's going on at the exploration project, caml have a(albeit fairly short) history of just getting things done(under budget and ahead of schedule). @ shakeypremis - the tenge is still significantly weaker against the dollar. Ok it's picked up marginally, but in the context of how far it fell, not much really. http://www.xe.com/currencycharts/?from=KZT&to=USD&view=5Y

@ albus - probably due to uncertainty surrounding the queensland cyclone. Although it's not clear if Kestrel has been impacted. Medium/long term the worst case impact for apf imo is a slight pause in mining. If the closure of other met coal mine pushes prices up further apf could be a major beneficiary. Results seem good, this year has the potential to be even better. Looking forward to q1 results. Lots to look forward to - such as other acquisitions and salamanca/groundhog due to come online next year. Happy with the divi at 6p for this year(prudent).

Thanks for the explanation! Be interesting to see how things unfold at Escondida. http://uk.reuters.com/article/uk-chile-copper-escondida-idUKKBN15U27B

The next dividend isn't for a few months and hasn't be declared yet I don't think. http://www.stockopedia.com/share-prices/anglo-pacific-LON:APF/dividends/ http://www.proactiveinvestors.co.uk/companies/news/172709/anglo-pacific-upgraded-after-denison-uranium-deal-172709.html

Can anybody tell me in a nutshell what the court case is about? Or does anyone have a link to a resource with some information about it? I've looked a bit, but still struggling to understand what's going on and what's likely to happen.

A good set of results for q4. Hoping the q1 results'll be even better.

Interesting. I hold CAML and APF so would agree they have performed well!

Looking back this year we got a 2015 production update RNS Jan 6th - hopefully we'll get a similar update in 2017. > News on copper bay feasibility study > Hopefully news on beating the upper 2016 production target(14,000t) > News on Kounrad mine expansion, expected significantly under budget > Outlook for 2017 > Maybe some news on the new acquisition in Kaz

Yeah could be. Also could just be newer management don't feel a hzm royalty is the right way forward. I suppose with something like that if you are considering realising the option - it'd be advisable to wait till the last minute to make the most informed decision.. but who knows! All blind speculation! I also emailed them before I saw your message :)

Cheers Mdbf, at 2.5/3% holding would tally with the number of shares you originally suggested. We don't currently have a royalty but I believe we currently have the right to acquire one. This is the rns relating to a 6 year royalty option agreement to acquire a 1.5%NSR in this project. Although there is not much time left for us to realise this right.. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=APF&ArticleCode=85oioih1&ArticleHeadline=Completion_of_Royalty_Option_Agreement

Here's the rns relating to apf entering into a MOU with hzm over the option to acquire an NSR. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=APF&ArticleCode=5kuwowa7&ArticleHeadline=Anglo_Pacific_signs_MOU_with_Horizonte_Minerals

Hi Mdbf, Yeah I'd be interested to know what level the stake is at now. Guessing there's been a fair bit of fund raising / dilution maybe more recently at hzm, but that's to be expected. It does look like a promising project.

A q1 2017 contract for met coal agreed at $285/mt http://www.platts.com/latest-news/metals/singapore/japans-nippon-steel-glencore-ink-q1-coking-coal-21317960 Which should be good (if similar deals are achieved) for income given the way the kestrel royalty pays out These regulations currently stipulate that the basis of calculation is a three-tiered fixed percentage of the invoiced value of the coal as follows: 7% of value up to and including A$100; 12.5% of the value over A$100 and up to and including A$150; and 15% thereafter.

Ah ok I see apf are listed as a 5% share holder in this hzm presentation from earlier in the year: http://horizonteminerals.com/news/20161003_pfs_presentation.pdf If that's correct then just miss being listed on the hzm major shareholders page. According to this proactive article in 2008 apf held 22.6% of hzm: http://www.proactiveinvestors.co.uk/companies/news/1931/anglo-pacific-group-ups-interest-in-horizonte-minerals-2864.html From what I can tell if hzm have 1172m shares in issue if we truly still had 5% that'd mean apf'd have 59m odd shares - so guess the % holding has slipped since the date of the report.

Hi mdbf, Do you have a link or any information on how you found out about the holding in HZM? An old rns maybe I guess? It's looking like q416 and q117 are going to see some good results from apf, long may the elevated coal prices continue(granted they have slipped a bit but kestrel in particular should still be lucrative at these levels). Anybody aware of any other large share holdings APF has? The website's other assets page doesn't even mention the holding in Berkeley - which I think is now down to about 25 million? Seems odd not to mention this as 10%+ of the current company is pretty significant..