Author Topic: ALS.TO - Altius Minerals  (Read 1762464 times)

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #300 on: August 11, 2011, 04:36:42 PM »
I was just about to post that. Nice confirmation of my thesis that Altius can have great opportunities both in the up and down cycle.
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Liberty

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Re: ALS.TO - Altius Minerals
« Reply #301 on: August 12, 2011, 08:48:56 AM »
I was wondering if Dazel or any of the other Altius fans had taken a look at Cliffs (CLF)? After a quick glance, they seem fairly cheap, though they are much bigger than Altius (and thus probably more efficiently priced) and have more capex exposure because of their model.

Just trying to learn more about them, not necessarily thinking of buying some.. Curious to know what others who've had a look think. Thanks.
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Dazel

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Re: ALS.TO - Altius Minerals
« Reply #302 on: August 16, 2011, 05:33:29 AM »

We love Cliff's....enough to swap our Altius shares for theirs at a good enough premium! Cliffs was Peter Cundill's greatest investment...he bought and 1980's sold out and bought again after the 1987 crash.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #303 on: August 16, 2011, 05:36:41 AM »

Altius continues the buy back nice to be sitting on a mountain of cash!

http://canadianinsider.com/coReport/allTransactions.php?ticker=ALS

The restrictions on the number of shares they can buy is hurting the amount they can buy back daily. However, slowly but surely.

Dazel.

naboo

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Re: ALS.TO - Altius Minerals
« Reply #304 on: August 18, 2011, 11:00:02 AM »
Alderon's Presentation, they even have a Chinese version

http://alderonmining.com/investors/presentations/


They are working hard to attract Chinese investors.
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Dazel

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Re: ALS.TO - Altius Minerals
« Reply #305 on: August 22, 2011, 07:19:35 AM »

http://www.mbironoreindex.com/

metal prices have stayed very high...Alderon will have high prices to use for its scoping study which should be out soon.

Dazel.


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #306 on: August 22, 2011, 07:26:54 AM »
Royal Gold hit another 52 week high today....$72...making Altius' stake in the company now worth $38.1 million...the $38 million is all  profit from the IRC deal.

hopefully the management is doing what they do best in this latest downturn...

they are trading for less than cash. crazy times.

Dazel.

jjsto

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Re: ALS.TO - Altius Minerals
« Reply #307 on: August 22, 2011, 07:52:03 AM »
Crazy times indeed:

Altius Market cap: $300m

Cash: $190m
Alderon shares : $100m
Royal Gold shares: $38m

Total: $328m

Everything else: $-28m

It seems like the market is pricing Altius as if its stake in Alderon was going to zero.  Meanwhile it prices Alderon as if development will continue.  Something has to give...

bathtime

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Re: ALS.TO - Altius Minerals
« Reply #308 on: August 24, 2011, 08:11:55 AM »
Can you confirm whether my numbers are correct and if the Altius share count is fully diluted? Does the $190m in cash include the Cranberry Capital joint investment? Thanks!

Altius shares outstanding: 28,815,895.

In addition to cash Altius owns:

32,285,006 Alderon shares.

529,297 Royal Gold shares.





« Last Edit: August 24, 2011, 09:03:46 AM by bathtime »

beerbaron

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Re: ALS.TO - Altius Minerals
« Reply #309 on: August 24, 2011, 09:40:57 AM »
Crazy times indeed:

Altius Market cap: $300m

Cash: $190m
Alderon shares : $100m
Royal Gold shares: $38m

Total: $328m

Everything else: $-28m

It seems like the market is pricing Altius as if its stake in Alderon was going to zero.  Meanwhile it prices Alderon as if development will continue.  Something has to give...

What I like is we get Voisey Bay royalty for free. This somewhere between 75-100M worth.

I'm curoius to see what they can recuperate from the refinery project... 5-10M?