Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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..
Hmm, maybe a bit early to call the end of a trend, I guess it has to end sometime though. From what I've read copper isn't likely to be a big winner from any potential infrastructure spend. But hey I'm happy enough here regardless. If it does go back to 2011 levels that'd surely be nice though. I thought the move might have been in anticipation of pending news..
On the telegraph website today: http://www.telegraph.co.uk/finance/investor/11853192/Taking-Aim-at-IHT-Investing-to-cut-an-inheritance-tax-hit.html
A first offer then? 'the Company confirms that it has received expressions of interest from several other parties in relation to a variety of potential corporate transactions, all of which remain current. With the period of exclusivity granted to Nostrum having expired, and in light of the revised Proposal from Nostrum, the Company intends to reopen its review of strategic options and, where appropriate, pursue discussions with some or all of these interested parties in addition to Nostrum'
Up a bit in canada atm..
Uncertainty much diminished, hoping for a good flow of news over the next 6/12/18 months. Added a few this morning. Unfortunate that this news comes amidst the current oil price environment / greek distractions. But a positive outcome imo.
Also quite possible it'll just be anther extension tomorrow. Guess it's better that time is taken to get it right. Fingers crossed there'll be real news though.
Weird price moves 14.00-16.00, sells at higher price than previous buys for no apparent reason. Large trade to show up later?
Showing the price from a year/18 months ago?
LSE prices gone mad.
Guessing the 430k trade must be a buy?