Since my earlier comment this morning, I now see that May is getting her cumuppance with her domineering ways! Now, quite rightly, only Parliament should decide whether the UK leaves the EU. The sooner she is gone, the better. What a right old mess the UK has go itself into - and is now the laughing stock of Europe. So what will happen now to the pound? Drop further?, At least that will bring in more £££ for APF shareholders!
today, Macquarie lifted its metallurgical coal price forecasts for 2017 by 24%, for 2018 by 4% and for the longer-term by 10%. It also lifted those for thermal coal by 11%, 8% and "just under" 5%, respectively.
a little dated now but interesting14 Oct 2016 17:07
20 Sep 12:00 Broker Forecast - Macquarie issues a broker note on Anglo Pacific Group PLC Macquarie today reaffirms its outperform investment rating on Anglo Pacific Group PLC (LON:APF) and set its price target at 150p. Story provided by StockMarketWire.com
That's a very interesting reminder mydogsbestfriend. Just for reference on this bb, here is the rns that refers to the 30m shares & royalty:
News Release July 15, 2016
Anglo Pacific Group PLC
Royalty Update: Salamanca Project DFS
Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) notes the publication by Berkeley Energia Limited ("Berkeley") of an independent Definitive Feasibility Study ("DFS") on its Salamanca Project (the "Project"). The DFS reports that the Project is capable of producing an average saleable production of 4.4 million pounds of uranium per annum over ten years of steady state production, or an average of 3.5 million pounds of uranium per year over a 14 year mine life. This is significantly higher than the rate of production assumed when the Company acquired the royalty in 2009 due to the considerable increase in resource discovered by Berkeley over the past twelve months. First production, and hence first generation of royalty income for the Company, is expected in 2018 . In December 2009, Anglo Pacific acquired a 1% NSR royalty applicable to production from Berkeley's Spanish and Portuguese assets for A$4.1 million which continues to be its carrying value. Anglo Pacific also holds 30.3 million Berkeley ordinary shares(note: dec 2009 BKY sp = ca 70p.)
Julian Treger, Chief Executive Officer of Anglo Pacific, commented: "We are encouraged by the timely release of this positive DFS. Based on Berkeley's long-term contracted uranium price assumptions, the Project should generate average gross annual sales revenue of approximately US$180m. Anglo Pacific has a 1% NSR royalty based on the revenues received by Berkeley. We look forward to Berkeley's progress in bringing this exciting project into production."
Just to remind anyone watching the current lse video, APF has a 1% royalty stake in the Salamanca uranium project in Spain. The Berkeley bb posters give some glowing reports of the Salamanca project! Just goes to show what a knowledgeable bod APF has.