Anglo Pacific a mining investor is a company I have held for about three weeks now and I have only just got around to posting about its excelent forward potential.
What I was really looking for was a play on coking coal as China just cant get enough of the stuff to build up its industrial infrastructure, and the World spot prices have risen drammaticaly which will lead to increased end profits for coal mining companies and coal mining investment companies.

I looked at a few options and this one easily came out on top not only that but it has other mining interests in its portfolio as you will see.

From last results year ending 31st DEC 2003.

HIGHLIGHTS

• Proposed Final Dividend of 1.3p per share (2002:- 0.65p)

• Total Dividends for the year increase by 49% to 2.6p (2002:-1.75p)

• Australian Coal Royalty Independent Valuation increases by 54% to 44.3
million

• Cash and Strategic Investments increases by 64% to 11.2 million

• Earnings of 3.7p per share (2002:- 4.09p) due to reduced coal royalties
on account of mining more on Crown Land than Private Ground

• Much stronger Royalty Flows from Private Ground expected in 2004

• Encouraging outlook for Coking Coal prices and Production Rates due to
Chinese, Indian and Far East demand

• Increased holding in substantial Canadian Coal Deposits in British
Columbia which are currently included in the accounts at negligible value

• Canadian Coal Bed Methane opportunity in British Columbia

• 40 million of Unused Tax Losses

Chairmens Comments.

Our coal royalty interests are independently valued at 44.3 million as of
December 2003 which is 15.6 million more than the valuation at 31st December
2002.

During the year your Company has participated in financings for a number of
strategic mining opportunities. Our mining operational interests and quoted
stakes in gold, diamond and PGM projects were valued at 31st December 2003 at
9.6 million. This included an unrealised profit over book value of 3.5 million
in addition to the realised gains referred to earlier. The Company also had cash
of 1.6 million at 31st December 2003.

The Mining Investments.

COAL ENERGY INTERESTS

COAL ROYALTIES

In Australia, coal royalty receipts from the Kestrel and Crinum mines, operated
by Rio Tinto and BHP Billiton respectively, were 3,376,000 (2002: 5,802,000).
The Company has increased its holding in its Canadian coal deposits in British
Columbia to 65% of the Groundhog and Peace River projects. The outlook for the
potential joint venture development of these resources has further improved due
to the increasing demand for coal products from China, Japan and the Far East as
well as North American domestic demand. The Groundhog and Peace River projects
are reflected in the accounts at negligible value.

COAL BED METHANE

The Company owns a circa 15% interest in the Merritt coal and coal bed methane
project in British Columbia. With coal bed gas prices having risen sharply
during 2003 joint venture discussions continue with potential partners to
progress this project.

GOLD AND PLATINUM GROUP METALS

At 31st December 2003 the Company had investments at a market value of 9.6
million in gold, diamond and platinum projects based mostly in North America and
Australia.

The Company's strategy continues to be to acquire projects that expect to yield
dividend and royalty cashflow as well as substantial share appreciation in the
next few years. The two largest strategic mining stakes of the Company are in
Kirkland Lake Gold and Platinum Australia .

• Kirkland Lake Gold is now producing gold at its Macassa mine in Northern
Ontario . Its higher market rating has resulted in a substantial capital
gain for the Company on its holding. Kirkland Lake Gold is still
discovering gold at grades in excess of 16 grams per ton and sometimes at
much higher grades and hopes to further increase gold production in 2004.
Other strategic holdings include Aquiline Resources, Starfield Resources and
Muscox Minerals.

TALC

The Board continues to look for a joint venture funding partner for the
Company's Shetland talc interests. The company intends to jointly mine this
deposit with a view to establishing a royalty flow in due course.

OUTLOOK

The outlook for coking coal prices remains extremely encouraging and, with
production at the two mines in Australia expected to be at record levels and
mostly on the private ground, the Board expects much stronger coal royalties
this year. Furthermore current spot prices are well ahead of this year's fixed
contract prices which themselves are over 25% up on the previous year.

With the weakness of the US dollar and the current demand for metals and energy
fuels worldwide driven by Chinese, Indian and Far Eastern demand, the Board is
optimistic about the opportunities for its gold, diamond, base metal and PGM
interests, as well as for the substantial coal and coal gas projects that the
Company has in Canada.

Website www.anglopacificgroup.com

I think this company is a medium to long term investment and if you are interested please DYOR and you are responsible for your buying and selling timing actions.



cheers GF.

Good edit apple. GF has a wife on one site and a girlfriend on another. Left his wife at home and taken his gf on holiday? Anyway he is totally in love with Katie Price. Any traders new to share trading just watch this guy, he's a total con merchant. Just got thrown off the SC site and that's the only reason he's back here posting his usual nonsense. Following his usual pattern he will now report me to Ian his mate at moneyam who must be totally sick of him by now.

Coal prices continuing to rise lovely.

cheers GF.

NB, Dunbarton CrazyWoman from ShareCrazy serial liar and squelched.

dunbarton what are you going on about?

Edit? what edit?

On the plus side, I usually take a look at the shares that GF mentions & I make up my own mind about them.

As far as I am concerned, he is being helpful by bringing them to our attention.

They don't always turn out to be winners but I have bought some of them & the ones that I have bought have made me a profit especially APF.

I have never lost money on a share flagged up by GF because I don't buy them all, so what's your problem? Think for yourself, DYOR & make your own decisions.

I don't defend GF, I've never met him & I have no idea what his motives are but I do make my own decisions.

BTW dunbarton, try being polite to people, it results in a much pleasanter experience, calling people names like 'con merchant' isn't a useful contribution.
It just results in GF calling you names as well.

GF please don't rise to the bait!

I wont apple because I know its crazywomen from sharecrazy a much discredited poster and one who has been evicted once from this site. Best to just ignore and set the squelch button up. Thanks.

cheers GF.

Coal prices continuing to rise lovely.

cheers GF.

Up she goes yet again.

cheers GF.

Guess who have a stake in Kirkland Lake Gold?..................

RNS this morning..................................

Kirkland Lake Gold Inc
02 September 2004

September 2nd, 2004
EXPLORATION OVERVIEW FOR YEAR ENDED APRIL 30TH, 2004

PROVEN AND PROBABLE RESERVES INCREASE 28%

Kirkland Lake Gold Inc (the 'Company') is pleased to present its overview of
exploration efforts and expenditures in its 2004 fiscal year, which ended April
30, 2004 and new year-end (April 30, 2004) reserve and resource estimates for
its operations in Kirkland Lake, Ontario.

Exploration Overview

'The first half of the year was spent completing the compilation work necessary
for the foundation of the three year, $21 million exploration campaign announced
October 21st, 2004' said Michael Sutton, Chief Geologist. 'Given that we did not
begin aggressive exploration of the property until the second half of our fiscal
year, we are pleased that in the last 6 months, 269,814 tons of ore was added to
reserves, grading 0.47 ounces of gold per ton (138,948 ounces) for less than $10
per ounce. Due to the wide-spaced drilling in the early phases of the major
drilling campaigns underway an increase in resource levels was not expected
until this fiscal year and beyond.'

During the second half of the 2004 fiscal year, the Company began the first six
months of a major three year $21 million exploration campaign. The increase to
the reserves was a total of 269,814 tons of ore was added grading 0.47 ounces of
gold per ton (138,948 ounces, or 28%). Since the December 2002 reserves were
released, Kirkland Lake Gold has increased the reserves by 78%.

An extensive definition drilling campaign was carried out in the first six
months of the 2004 fiscal year. An on-going expansion of mining activities at #3
shaft, #2 shaft, and at the Lake Shore Ramp required an emphasis on definition
drilling. The 2004 accomplishments achieved in the definition drilling enabled
the Company to lower the definition requirements in the 2005 fiscal year
allowing the re-allocation of resources to the exploration program.

Drilling has resulted in the addition of 132,000 ounces of gold in reserve and
resource categories (plus 32,000 ounces inferred), virtually all of which was
found in the last six months. The exploration programs that were targeting the
large-tonnage potential structures did not begin until the end of 2004 fiscal
year, are now in full operation, and are planned to be developed over the next
21/2 years. The discovery of a completely new ore trend - north-south, rather
than the classic east-west of the Camp - beyond the original goals of the
exploration program opens up substantial areas for new resources to be added.

The finding cost per ounce found for the mine site exploration was $9.41.
Including grassroots exploration drilling away from the Mine, the figure is
$12.30 per ounce. The newest discoveries to the south of the Mine have a cost
per ounce found of $6.44 (including the cost of drilling a portion through to
reserve).

'In last fiscal year's new discoveries, resources were quickly converted to
reserves and remain open for reserve expansion this year. The Kirkland Lake Camp
has tremendous exploration potential, and as the new South Zone attests to, the
cost per ounce found can be very economic' said Stew Carmichael, Chief
Exploration Geologist.

The first six months of the drilling campaign has been successful in laying the
foundation for the next phase of exploration. The campaign is on target with the
goals of drilling 500 -1,000 foot centres on aerially large, ore-bearing,
unexplored, vein systems and structures that have been identified on the
properties in Kirkland Lake. These targets have a combined potential to host
15,000,000 tons of ore (using a 25% success ratio although the Company has
demonstrated better than the historical 25% success ratio). There will be
follow-up of ore intersections to bring in new resources and reserves (50 - 200
foot centres). For the 2005 fiscal year the Company has budgeted exploration
expenditures of approximately $9,230,000.

A total of 231,390 feet were drilled in the one year period (Apr 31 2003- Apr 31
2004). Of the total spent on drilling ($3,147,000), $1,700,000 was exploration
drilling. This exploration covered various surface targets, the Narrows/'05
Break to the north, the D vein, the newly-discovered South Zone, and many
newly-discovered veins throughout the property. Most of the surface exploration
focused on grassroots targets.

Resources & Reserves Increase

The Company has calculated reserves and resources as of April 30, 2004 which are
summarized in the following table.

TONS GRADE OUNCES
(ounces
per ton)
Reserves
Proven 586,400 0.42 248,900
Probable 735,200 0.52 381,200

Total Proven + Probable 1,321,600 0.48 630,100

Resources
Measured 923,300 0.37 337,300
Indicated 2,329,500 0.30 708,800

Total Measured + Indicated 3,252,800 0.32 1,046,100

Total Proven + Probable + Measured + 4,574,400 0.37 1,676,200
Indicated

Inferred Resources 642,800 0.30 191,300

Notes:
1. The reserves and resources are estimated using the polygonal method.
2. All intersections are calculated out to a 5.0 foot minimum horizontal
mining width.
3. Dilution is added to reserves at varying rates depending on mining
method, and the width of the ore. Dilution in the reserve estimate overall
averages 26% at 0.02 ounces of gold per ton. All higher grades are cut to
3.50 ounces of gold per ton. The cut-off is 0.25 ounces of gold per ton
over the horizontal mining width.
4. The area of influence of the proven and measured categories are 30 feet
from development chip samples, probable and indicated categories are
50 feet of radius from a known sample point (drill holes); inferred is
another 50 feet of influence.
5. A 94% tonnage recovery is used. Continuity of the veins appears very good.
6. The assumptions used include $375 U.S. per ounce of gold, and an
exchange rate of $0.75 Canadian= U.S. $1.00 ($500 Canadian per ounce).
7. The Company is not aware of any environmental, permitting, legal,
title, taxation, socio-political, marketing or other issue that may
materially affect its estimate of mineral resources.
8. Mineral resources which are not mineral reserves do not have demonstrated
economic viability.

The full breakdown of the reserves and resources can be seen on the Company's
website.

Mining Now Self-Sustaining

Production has achieved continual increases both in terms of tons and grade
since resuming earlier in the fiscal year. Production tonnage has increased at a
constant rate of at least 1,000 tons per month. The extensive mine dewatering
campaign has a negative impact on the mine plan. The development tonnage
necessary to re-access the stope blocks has had the affect of lowering the grade
to date. This quarter is slated to have full production for the first time since
Kirkland Lake Gold began rehabilitating the property.

New Zones Found to the South of the Mine

The South Zone has added a new outlook to the Kirkland Lake Camp. Not only is it
a different style of mineralization (wide sulphide system), but it is running
north-south as apposed to the east-west nature of the mineralization from which
24 million ounces of gold have been mined to date in the Camp. The D Zone was
discovered last year and it too is north-south trending. At least four other
mineralized zones have been discovered to the south of the Mine.

About the Company

The Company purchased the Macassa Mine and the 1,500 ton per day mill along with
four former producing gold properties - Kirkland Lake Gold, Teck-Hughes, Lake
Shore and Wright Hargreaves - in December 2001. These properties, which have
historically produced some 22 million ounces of gold, extend over seven
kilometers between the Macassa Mine on the east and Wright Hargreaves on the
west and for the first time are being developed and explored under one owner.
This camp is located in the Abitibi Southern Greenstone Belt of Kirkland Lake,
Ontario, Canada.
The results of the Company's underground diamond drilling program have been
reviewed, verified (including sampling, analytical and test data) and compiled
by the Company's geological staff (which includes a 'qualified person', Michael
Sutton P.Geo. for the purpose of NI 43-101, Standards of Disclosure for Mineral
Projects).

The Company has implemented a quality assurance and control (QA/QC) program to
ensure sampling and analysis of all exploration work is conducted in accordance
with the best possible practices. The drill core is sawn in half with half of
the core samples shipped to the Swastika Laboratories in Swastika, Ontario or to
the Macassa mine laboratory for analysis. The other half of the core is retained
for future assay verification. Other QA/QC includes the insertion of blank
(non-mineralized) sections of core, and the regular re-assaying of pulps and
rejects at alternate certified labs (Polymet, Accurassay). Gold analysis is
conducted by fire assay using atomic absorption or gravimetric finish. The
laboratory re-assays at least 10% of all samples and additional checks may be
run on anomalous values.

The Company's Kirkland Lake properties are the subject of a report prepared by
Roland H. Ridler, B.A.Sc.(hons.), M.A.Sc., Ph.D.(Econ.Geol.), P.D., entitled
Kirkland Lake Mineral Properties (Macassa Mine, Kirkland Lake Gold, Teck-Hughes,
Lake Shore, Wright-Hargreaves dated November 30, 2001. The Company's Macassa
Mine Property is the subject of reserve reports prepared by

David W. Rennie, P.Eng. and Richard E. Routledge, M.Sc., P.Geol.
entitled Review of Mineral Resources and Mineral Reserves of the Macassa
Mine Property, Kirkland Lake, Ontario Prepared for Kirkland Lake Gold Inc
dated December 23, 2002 .
Michael Sutton P.Geo., and Stewart Carmichael, P.Geo. entitled Mineral
Resources and Mineral Reserves of the Macassa Mine Property, Kirkland Lake,
Ontario (Kirkland Lake Gold Inc.) as at April 30, 2003 dated August 30, 2003
Michael Sutton P.Geo., and Stewart Carmichael, P.Geo. entitled Mineral
Resources and Mineral Reserves of the Macassa Mine Property, Kirkland Lake,
Ontario (Kirkland Lake Gold Inc.) as at April 30, 2004 dated August 31, 2004


All of these technical reports have been filed on SEDAR (
www.sedar.com
< http://


www.sedar.com>),
except the 2004 report which will be filed within 30 days.


For further information, please contact:
Brian Hinchcliffe Investor Relations
President Scott Koyich
Phone 1 705 567 5208 Phone 1 403 215 5979
Fax 1 705 568 6444 E-mail:
info@klgold.com ENDS.

SUPERB.

cheers GF.

Some big volume in this one today. Still up on the day.

cheers GF.

>>GF

Do you know what stake APF have in Kirkland? Any idea what quantifying gains flow from these results? Sorry if that sounds a bit lazy of me to ask... but I know you have got your eye on the ball!

regards
gk

Not sure gallick, I know that its very important to the company.

Somewhere in the RNS news it is burried but beleive me it is very significant.

cheers GF.

Better late than never. Bought this morning at 86.5p.

....hopefully not a bad timed purchase !!!

Excelent interim results, what a sound company this is. Profit taking going on now like after the last results, but just look at the very brigh outlook statement. Coal prices to remain stable and on the up into 2005. I think after a day or two we will resume northwards.

Heres the results............................

Anglo Pacific Group PLC
03 September 2004



3 September 2004



Anglo Pacific Group PLC
Interim Results for the six months ended 30th June 2004


Anglo Pacific Group is pleased to announce a strong performance for the six
months ended 30th June 2004.


Highlights:



Profit before tax up 55% to 2,700,000 (2003: 1,738,000)
Profit after tax up 67% to 2,076,000 (2003: 1,245,000)
Earnings per share up 66% to 2.36p (2003: 1.42p)
Cash of 1.5 million, no borrowings, and unused bank facilities of 300K
Interim dividend for the year ending 31st December 2004 to be announced in
November 2004

Commenting on the interim results, Peter Boycott, Chairman of Anglo Pacific,
said:

'I am pleased to be able to report another set of encouraging results for the
first six months of 2004 and further progress in the development of Anglo
Pacific and its asset base.

With the increasing demand for energy products from China, India and the Far
East, the outlook for coking and steaming coal prices looks to remain buoyant.
Developing our coal energy interests in Canada and elsewhere will remain a major
focus for the Group.

The Board maintains its strategy to pay a proportion of its increasing coal
royalty cash flow as dividends to shareholders, whilst endeavouring to make full
use of its substantial tax losses.'


Enquiries:

Brian Wides / Peter Boycott Anglo Pacific Group PLC 020 7409 1111
Stephen Scott / James Harris Scott Harris 020 7618 6433





Anglo Pacific Group PLC
Interim Report for the six months ended 30th June 2004


CHAIRMAN'S REVIEW

The first six months of 2004 has seen a distinct shift in sentiment away from
gold and precious metals towards base metals and in particular coal energy and
oil. Whilst the price of gold has remained stable, and still mostly reflects
dollar weakness, the prices of base metals and energy fuels have risen sharply
due to ever growing Chinese and other Far Eastern demand as well as
uncertainties over oil supplies caused by Middle East political unrest.

In the period under review the Company has maintained its gold and precious
metal investments albeit at a reduced level and has actively striven to increase
its exposure to base metals as well as coal and coal energy. This has been
achieved by taking profits on some of its quoted investments and expanding its
private coal interests in North America and elsewhere. Our half-yearly results
reflect this.


RESULTS

Following increased coal royalty receipts and substantial realised capital gains
I am pleased to report that Group profits before tax for the six months ended
30th June 2004 increased to 2,700,000 compared to 1,738,000 for the same
period last year. Profits after tax were 2,076,000 compared to 1,245,000 with
earnings per share for the half year of 2.36p compared to 1.42p.

Our coal royalty interests are now valued at 47.1 million as at 30th June 2004,
an increase of circa 2.8 million over the valuation at 31st December 2003.

Our mining operational interests and quoted stakes in gold, PGM and base metal
projects were valued at 30th June 2004 at circa 7.3 million after having
realised profits of 0.72 million over the period. Cash at 30th June 2004 was
1.5 million with no borrowings and unused bank facilities of 300K.

On 6th August 2004 a final dividend of 1.3p per share for the year ended 31st
December 2003 was paid. Shareholders owning circa 53% of our issued share
capital opted to take further shares in the Company under the scrip dividend
alternative. The Directors also opted to take shares rather than cash in respect
of substantially all their shareholdings thus increasing their investment in the
Company.

The Company will announce its interim dividend for the year ending 31st December
2004 in November 2004, when a scrip dividend alternative will again be available
to shareholders.


cheers GF.

Some interesting speculation here..................

DAILY EXPRESS
*Suggestions that Havelock Europa (HVE.L) is trading ahead of expectations.
*Rumours that Chaco Resources (CHP.L) is close to a deal.

Who's Dealing:
*Non-Exec takes maiden stake in Mitie Group (MTO.L).

Share Whisper:
*Talk that Anglo Pacific (APF.L) could be involved in financing a lucrative mining venture.

cheers Gf.

GF you missed a bit from the express.

That mining venture could add nearly 15% to its net asset value, according to gossips.

WOW, thats excelent apple. I hope we get the news soon.

cheers Gf

No news on the mining venture yet then. Patience will pay in the long term.

cheers Gf.

Should be write ups in Shares and Investors Chronicle on the results this week.

cheers GF

Share price only fell about 2% when the figs came out. Given market perversity IMHO this is a result. 2% is inconsequential when you expect profit-takers to be around. Hopefully normal service to be resumed.

>> GF have you heard the story being pedalled (maybe it's true) about a potential 10 year commodity boom (ie we are at the start of it). Have no idea how "experts" work that one out!! There is the China/India story, but do you buy the long term view ?

rgrds
gk