Anglo Pacific Group Live Discussion

The_buzz 31 Oct 2018

Q3 Trading Results Everything seems to be as expected - at least base on information presented on the bb recently. It refers to the Berkely Energia issue as “impass”. Very strong hint that there will be a bonus end of year dividend. Key statement on future earnings “The commodities from which the Group derives most of its revenues have continued to remain resilient considering the ongoing trade tension between the US and certain economies. It is encouraging to see the consensus outlook continue to improve for the Group’s commodities, which should result in the Company reporting a record contribution from its royalty portfolio for the second year in a row.” With Whitehaven coal now back in full production, this is not an unreasonble expectation. No hints on new royalty acquisitions - just re-emphasis that there is plenty of money available for them. They seem to be very happy with the latest acquisition “Anglo Pacific is also pleased with the contribution from its recent LIORC acquisition.” Clearly high quality products can command premium prices. ie There track record on buying good new royalties remains sound. The Buzz

The_buzz 29 Oct 2018

Berkeley Energia - Plot Thickens [link] "NEWS RELEASE | 29 October 2018 | LSE / BdM / ASX : BKY Response to recent media reports Berkeley Energia Limited (“the Company”) has been advised by the Nuclear Safety Council that it was not the source of the widely circulated media reports that the government was intending to deny the permits for the Salamanca mine. The Company is continuing to work with the Nuclear Safety Council in progressing the necessary approvals for the Salamanca mine and will keep the market fully informed of any developments." Sounds like a much more positive position. I suspect that the market will remain wary until full approvals etc have been put in place. The market is not open as I write so it will be interesting to see where the share price goes - no doubt it will go to auction? The Buzz

scholomo 27 Oct 2018

Nickel Ramblings The IC changed their buy note on Berkely to a sell at 150 .Perhaps this partly explains the fall in the SP of APF

The_buzz 24 Oct 2018

Nickel Ramblings Any one who has watched the price of nickel will have noticed how volatile the price can be:- markets.businessinsider.com Nickel PRICE Today | Nickel Spot Price Chart | Live Price of Nickel per Ounce |... Nickel Price: Get all information on the Price of Nickel including News, Charts and Realtime Quotes. I have been doing a bit of ferreting around to see what the outlook seems to be. This article dated 24.10.2018 suggests that there is an increasing demand for nickel from alloy makers:- Moneycontrol Nickel futures gain 0.60% on increased demand; global leads Market analysts said expanding of positions by traders following hardening of demand from alloy makers in the spot market was instrumental in rise in nickel prices. There is also an increasing demand for nickel for manufacturing vehicle batteries:- MINING.com Boom in EV batteries helps suppliers older than Ford’s Model T | MINING.com Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year. Jump to Vale for a more detailed discussion on nickel. MINING.com BASF and Nornickel join forces in European EV battery push | MINING.com The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe. I spotted a paper discussing the merits of nickel cathodes in Li ion batteries. This article suggests that there is an element of speculative hoarding causing the reduction in warehouse stocks. There is also a prediction of a price of $14000/mt in Q4:- MINING.com Flow of LME nickel to hidden storage dents bull story | MINING.com 465,000 tonnes of nickel play 'hide and seek' Conclusions - the price of nickel looks like being firm for a little while. There will be a huge demand for batteries for electric vehicles - this could generate significant demand for nickel to make the battery cathodes. I suspect the jury is still out on what the main components will be in future batteries, but nickel would appear to be a front runner. However these factors probably mean that the price of nickel is likely to remain volatile. Having a royalty in a nickel mine appears to be a good move, but I must admit to a paucity of news flow from Brazilian Nickel that makes me slightly nervous:- [link] The Buzz

scholomo 23 Oct 2018

V2O5 Now Over $20/lb BY the way Buzz thanks for all your info

scholomo 23 Oct 2018

V2O5 Now Over $20/lb The Sp is drifting down again.Your sale at 165 was a very good move I believe it was when the company announced it last results they said there were three investments to be announced before the end of the year.We have had one so far.I sincerely hope they will not let us down with the other two

The_buzz 23 Oct 2018

V2O5 Now Over $20/lb More positive news for vanadium. Power storage is being mentioned again as a possible new market, with strong demand for vanadium in China to meet the new rebar standards. SteelGuru India Vanadium price leaps to near-record high Mining.com reported that while not as exciting as the transformation in the auto market with the shift to electric vehicles, demand growth from batteries used for renewable energy storage has the potential to have a bigger impact on mining. Now over $30/lb in China:- [link] On the face of things, the price of vanadium looks to remain strong for quite a while. Excellent news for APF. The Buzz ps Scholomo I have not found any more news re BKY but this is their web site with some useful links [link] If memory serves me right, Dusty42 was a strong advocate for BKY and you bought some BKY shares. I hope that things work out for you, not to mention my implicit interest via APF… but after an initial dead cat bounce the share price seems to be joining the market down to around 16p now. With the current uncertainty, buying now is akin to betting on a horse to win - in which case one should do some serious research before buying??:- [link]

The_buzz 19 Oct 2018

Largo - Record Year End Gold Production orvana.com Orvana Announces Record Year End Gold Production COMPLETES SUCCESSFUL TWO-YEAR RAMP-UP PROVIDES 2019 PRODUCTION GUIDANCE TSX:ORV TORONTO, Oct. 17, 2018 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to provide production results for the fourth quarter of fiscal 2018... FY 2018 Production – El Valle Mine Gold production of 58,259 ounces or an increase of 13% compared to 51,546 ounces in 2017; Copper production was 5.1 million pounds, compared to 5.5 million pounds in 2017; Higher grade drifts (oxides ore) increased by 82%, to 6,861 meters during FY 2018, contributing to successful production results for the year; Higher-grade oxides production was 37% of mill ore feed, compared to 22% in 2017; Q4 gold grade of 3.06 g/t was below Q3’s 3.36 g/t, as per planned mining schedule. Not a big player for APF, but a useful royalty. The Buzz

The_buzz 18 Oct 2018

Coking Coal Price Surge Hi Scholomo, I have not really been following Berkeley recently but on the LSE web site I have just found this link, with some posters disagreeing with some of its contents:- U.K. – 17 Oct 18 Exclusive - Spain rejects Berkeley uranium mine in confidential report Spanish authorities have rejected granting a building permit to Berkeley Energia... As I read this, Berkeley still needs to get permission to build its mine. The Spanish report was issued some time ago - presumably some progress may have been made in sorting things out. However, until the building permit is sorted out, then I suspect that Berkeley’s share price will remain depressed. Is it a question of never or when? Presumably if only buying extra land and supplying technical data are the sticking points, then I suspect that there is no ‘show stopper’ (unless eg the land cannot be purchased). However any delay will be unwelcome, introduce costs and APF’s royalty will move back in time. The Buzz

scholomo 18 Oct 2018

Coking Coal Price Surge Hi Buzz Someone over on Advfn recently posted The holding of Apf in berkeley at the peak of 58p was worth 10.2 million At the price today of 14p it is worth 2.46 million.This probably explains some of the price weakness

The_buzz 18 Oct 2018

Coking Coal Price Surge IN – 17 Oct 18 China coking coal hits 13-month high on firmer demand, tighter supply Chinese coking coal futures climbed to their highest in more than a year on Wedn... “MANILA, Oct 17 (Reuters) - Chinese coking coal futures climbed to their highest in more than a year on Wednesday as Beijing’s flexible approach to industrial production curbs fueled demand with supply restrictions also supporting the steelmaking raw material.” Prices of Australian coking coal up again - $221.25/mt for Nov 2018:- cmegroup.com Australian Coking Coal (Platts) Low Vol Futures Quotes - CME Group Find information for Australian Coking Coal (Platts) Low Vol Futures Quotes provided by CME Group. View Quotes Iron ore now over £70/mt cmegroup.com Iron Ore 62% Fe, CFR China (TSI) Futures Quotes - CME Group Find information for Iron Ore 62% Fe, CFR China (TSI) Futures Quotes provided by CME Group. View Quotes Even slight increase in thermal coal:- Barchart.com ICE NewCastle Coal Apr '18 (LQJ18) Futures Price Quote - Barchart.com Free futures price quote for LQJ18. Latest real-time Cboe BZX price quote, charts, financials, technicals and opinions. As we know these prics should give APF a good royalty stream. The Buzz

The_buzz 17 Oct 2018

V2O5 Now Over $20/lb Hi Scholomo, Long time since I last heard from you. No I was unaware that someone had a sell note. Looking at my Charles Stanley account it says that there are 5 brokers following APF and all have a strong buy. Currently 135.5p-139p so possibly up a bit today. This link gives trades (apparently almost real time ones as well) [link] and they are all shown as ‘buys’. So is this a dealer induced fall or a large seller induced fall?? On the LSE trades I cannot see any large sells. If it is a dealer induced fall then I hope that he is feeling some pain and is running low on stock! Now 136-140p and some good buying support still. The Buzz

scholomo 17 Oct 2018

V2O5 Now Over $20/lb Hi Buzz Hope you are well Why do you think we have this sharp fall in the Sp.I know there was a sell note but this is quite severe

The_buzz 17 Oct 2018

V2O5 Now Over $20/lb Price keeps going up. Above $25/lb or $28/lb depending on which market one looks at:- [link] Do be a bit wary that this could be a spike - see the 2000+ plot. That said the demand does appear to be quite a fundamental movement. This article says the new rebar regulations are forcing up demand in China. Plus there is potential future battery demand to provide longer term support:- [link] As an aside coking coal prices are holding up well with $200+/mt shown until June 2019, plus October price of $2016/mt. Gold has bounced to around $1225/oz. Thermal coal prices are still very strong despite coming off recent peaks - as mentioned in the Whitehaven article that I posted yesterday. So all this fundamental good news just makes me wonder why the share price fell back a bit yesterday? Recently gone ex-div (1.625p on 4.10.2018) again so a nice fat cheque is on its way on 15th November. The Buzz

The_buzz 16 Oct 2018

Narrabri September Quarterly Production Report clients3.weblink.com.au 02034611.pdf 758.04 KB Key points from report:- Successfully completed the full longwall changeout at Narrabri by mid-September. – Production at Narrabri is currently ramping up on schedule. Continued buoyant global economic activity and strong demand for high quality thermal coal from a number of key Asian countries saw the globalCoal Newc (gC Newc) thermal coal price average US$117.51/t for the quarter, the highest quarterly average price for seven years (and highest A$ quarterly average price for 10 years). Whitehaven reaffirms production guidance in the range of 6.5Mt to 6.8Mt ROM coal from the mine for the full year. The full longwall changeout from longwall panel LW107 to LW108 occurred during the quarter with ROM coal production for the September quarter commensurately lower at 0.550Mt. Saleable coal production for the quarter was 0.709Mt and coal sales were 0.875Mt for the quarter. The longwall restarted cutting coal in the third week of September and is retreating on schedule with production ramping up as the longwall gains momentum. ie Production is going as planned and they are getting record prices for the coal. The Buzz