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.

GF please don't respond to him or even mention him.

Apple, its difficult at times as the board moderators are not doing their job properly despite several PMs from them, that they will watch the position.

As I am a large share holder in the parent company I have now sent an e-mail to the board outlining why I do not think that the board moderators are doing anything like a proper job.

This board as gone to the cleaners in the last month or so, and someone, needs to be brought to account. We do not want another advfn but its going that way.

cheers GF.

Goldfinger,

Rest assured that we do take note of any comments passed to us by a user with regard to BB abuse - we will continue to monitor and we will step in when we deem it necessary.

If you have any specific concerns, please E mail me.

Ian

Ian thankyou for that re-assurance.

cheers GF.

I think I'm going to be sick....
regards

Me too teletigger. Ian, I suggest you have a look at another thread where goldfinger has been totally abusive towards a poster called Dil. How can you possibly condone that sort of abuse? It's absolutely disgusting. Sexual innuendo has got absolutely nothing to do with comments on share prices. You need to get your act together if this site is going to have any credibility.

LOL, crazyWoman. Dont forget I own a big chunk here.

We will see.

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

cheers GF.

I've just jumped in here. Agree that the commodity surge will continue. Power stations in China are desperately short of coal on a regular basis according to the FT. At this rate Arther Scargill could make a comeback!

rgrds to all.
gk

Any ideas why this got a bit of a mugging today?

gallick, it didn't!

Something funny going on with money ams mid prices etc. All day its been down about 4.5 points and now in my portfolio its showing just 1/2p down, some other funnys aswell.

As it anything to do with the repair work over the weekend or did MMs go funny at the end of the days trading.

Whats the price on advfn?.

cheers GF.

I have it down on etrade as down 4.5 pts (5.88%) with a mid price of 71.40. Sorry but that's a bit of a mugging in my book!

Gallick, yup your right but its showing on stockwatch on peoples portfolios as being only 1/2 a point down. The reason, just like any other share today all red at 2pm when I checked on ceefax.

cheers GF.

Bounce back today. I had not expected such a bumpy ride. Seems to have become volatile quite recently, but smoother trend in the past. Bit of a toss up whether I went for this or Extrata, but I think this has better growth potential (albeit volatility).

GF - are you still in BAU and SCD.

regards
gk

Hi GA, yes.

Cheers GF. No sorry I am not in ST at the moment, altough I keep my eyes on it.



Perhaps andy as called this one right, he seems to get a lot right. and thats the truth ,he seems to have a nack for the winners

cheersa GF.

GF

Andy who?

Andy who post on this board. hes a good un.

cheers GF.

Gallick, got out then went in again, in both.

cheers GF.

>>GF

I think BAU is starting to look interesting at these prices. With fears of further dollar weakness (patic weak job growth figure last week), it can only be good for gold, and other commodities. Which brings me to APF...have you seen any broker price targets for APF. Broker forecasts are bound to increase as a result of rising commodity prices. PE of @35 does not look bad imho, as there is a serious growth story here.

rgrds
gk