scholomo
13 Feb 2018
sp Until the company announce a new investment i can only see the Sp drifting down.Volume of dealing back to abysmal levels
Dusty42
13 Feb 2018
Unrelated, but related Goldman on Evraz, sounding like they are quite bullish on the met coal outlook. "telling clients that industry spreads and margins are above mid cycle levels and that they believe these will be sustained, "supported by tightening steel market supply-demand fundamentals and rising cost pressures."In the same research note, the broker revised its target price for Evraz to 430p, up from its previous estimate of 300p, stating that it expects strong coal prices to be the catalyst for the stock's performance as it expects hard coking coal prices to stand at "$220-230/t in 1Q-2Q18, ahead of spot $190/t."[link]
The buzz
12 Feb 2018
More Vanadium in Chinese Steel [link] article is worth reading in full. Interestingly this paragraph cannot be directly read from the Metal Bulletin's web site as one has to pay for it!:-"As the only pure-play producer of vanadium, Largo is directly exposed to the increase in vanadium price and is poised to benefit greatly as a result," says Mark Smith. "The price range for vanadium pentoxide continues to strengthen with the range for the week ended February 9, 2018 being posted at US$13.10/lb to US$13.50/lb (Source: Metal Bulletin)."Now $13.10/lb is noticeably higher than the $12.05/lb on the usual web site that I use:-[link] simple terms the future for vanadium price looks very promising .... and for APF's royalty as well.Oh by the way, the APF web site has now been re-populated with details on the different royalty streams.The B
Dusty42
12 Feb 2018
Re: Cameco Uranium In brief, not many producers can economically produce at a spot price where it is now. They've been shielded to some degree by long term contracts, but when these expire they could be in a lot of trouble. Hence the cut backs going on, they want to drive the price up, get rid of the surplus stockpiles before utilities are back to sign new contracts. Kazatomprom also has an IPO coming up later this year(I think) so will also want higher prices for that. I believe Cameco may even have the intention of filling contracts from the spot market, which could further help to clear excess U, and hey, if they can profit doing that why wouldn't they. All of this imo bodes well for bky(low cost producer) coming to production early next year. If prices stay where they are there will be further production cuts and mine closures imo. How the demand side plays out remains to be seen, Asia / ME building lots of reactors but the west is stagnant, also some downside risks as far as things such as france intending to move away from nuclear.
The buzz
12 Feb 2018
Cameco Uranium The low price of uranium is hurting and has resulted in production cut backs at Canada's Cameco (in addition to the Kazakhstan production cut backs):-[link] backs in production ought to help APF's income from Denison? Dusty42 - what is your take as you are our uranium expert?The B
Simbrad
26 May 2016
Read Beaufort Securities's note on ANGLO PACIFIC GROUP PLC (APF), out this morning on Research. It's completely free to view. "Anglo Pacific's performance in Q1 2016 was in line with expectations. The company expects the majority of royalty income in H2 2016, as in the previous year. The Narrabri and Kestrel coal mines in Australia are progressing well, with production expected at Kestrel and a full year of income for the Narrabri royalty. Anglo Pacific also received first receipts from its Four Mile uranium royalty during the period. Meanwhile, the company witnessed positive developments at Berkeley, with the market value of royalty around US$10m higher than the carrying value in its balance sheet. We expect Anglo Pacific to deliver as per the expectations in the year, well supported by recovery in coking coal prices. Therefore..."
