Author Topic: ALS.TO - Altius Minerals  (Read 1764522 times)

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #390 on: October 13, 2011, 08:18:48 AM »
Anyone else having trouble finding the new TSX Alderon? I can see it in TD Waterhouse, but not in Google Finance or Yahoo Finance. I'm guessing it takes a bit of time for them to start tracking it in its new location, but maybe I'm missing something..?
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Liberty

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Re: ALS.TO - Altius Minerals
« Reply #391 on: October 13, 2011, 10:24:31 AM »
Quote
Canadian-focused Rambler Metals and Mining has announced the resignation of non-executive directors Brian Dalton and John Baker from its board.

This resignation follows the sale by Altius Investments, a subsidiary of Canadian miner Altius Minerals, of its 12% interest in Rambler in January this year. Dalton is chief executive of Altius and Baker is a director.

Harry Dobson, chairman of Rambler, said: 'On behalf of the senior management and the Board I would like to thank Brian and John for their efforts over the past five years and wish them every success in future endeavours.

'Their guidance and expertise in the minerals sector, particularly in Newfoundland and Labrador, has played an indispensable role in advancing the Ming Mine through the various stages of exploration and into production for the fourth quarter of 2011.

'As Rambler continues to transition into a mid-tier mining company it will continue to look to strengthen the board with members of international pedigree and with quality networks, capable of assisting with the next phase of growth.'

http://www.stockmarketwire.com/article/4239257/Altius-directors-leave-Rambler-board.html
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Liberty

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Re: ALS.TO - Altius Minerals
« Reply #392 on: October 20, 2011, 12:29:18 PM »
http://www.altiusminerals.com/files/PR1011-%20AGM.pdf


Quote
St. John’s – Altius Minerals Corporation (‘Altius”) advises that it has postponed its Annual and Special Meeting from Wednesday, October 26, 2011 to Wednesday November 30, 2011.    

Due to an undetected printing error, a significant number of copies of the Altius proxy circular that were
mailed to shareholders for Altius’ upcoming October 26, 2011 annual and special meeting of shareholders
inadvertently omitted certain pages that contained, among other things, disclosure relating to the election of
Altius’ directors, as well as the approval of its stock option plan and ratification of existing options.

As a matter of good corporate governance practice, and to ensure that all shareholders are able to make an
informed decision as to the matters to be considered at the meeting, the meeting has been postponed and a
new circular is being mailed to all shareholders
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biaggio

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Re: ALS.TO - Altius Minerals
« Reply #393 on: October 21, 2011, 05:46:10 PM »
Iron ore the latest commodity to slide

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/iron-ore-the-latest-commodity-to-slide/article2208495/

vs

listening to talking head who said that i. China has $5 trillion worth of infrastructure projects coming (time period unknown-sorry...still sounds like a huge number + I am sure we will have some downs + ups along the way)
                                                         ii. they are putting 1 million cars on the road every month (I though I heard this, could this  possibly be right)
     

Thrifty3000

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Re: ALS.TO - Altius Minerals
« Reply #394 on: October 25, 2011, 10:46:23 PM »
Planned production of 16 million tonnes per year:

http://www.alderonironore.com/_resources/news/2011-10-25-NewsRelease.pdf

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #395 on: October 27, 2011, 06:32:20 AM »
Quote
Alderon Iron Ore Corp. (TSX:ADV) (OTCQX: ALDFF) ("Alderon") is pleased to announce the intended appointment of Bernard Potvin as Executive Vice President, Project Execution, effective as of November 14, 2011 and Keith Santorelli as Chief Financial Officer, effective as of November 28, 2011. Upon the effective date of appointment of Mr. Santorelli as Chief Financial Officer, Ms. Sonya Atwal will resign as Chief Financial Officer.

Mr. Potvin has over 37 years of experience in mining and processing operations and brings with him substantial expertise in engineering, maintenance, project development and construction. Throughout his career Mr. Potvin has held senior roles at Quebec Cartier Mining, Reynolds Metals, Alcoa and the Iron Ore Company of Canada ("IOC"), a Rio Tinto subsidiary. During his tenure at IOC, Mr. Potvin held the role of General Manager of Expansion Projects, successfully managing green and brown field expansion projects in Labrador City and Sept Îles. Mr. Potvin has extensive project management experience in iron ore and aluminum, and has executed a number of successful projects in excess of $1 billion. Mr. Potvin holds a Mechanical Engineering Degree from Laval University.

Mr. Santorelli is a Certified Public Accountant with over 16 years of experience, including working for a publicly traded biopharmaceutical company for the past three years as Vice President, Finance. He has a wide range of expertise in various areas of complex US GAAP and IFRS accounting in both publicly traded and private companies in the United States, Canada and internationally. Keith also has experience in group structuring and financing, IFRS conversion and training, financial management, external reporting and employee professional development. Mr. Santorelli holds a Bachelor's degree in Accountancy from the University of Massachusetts, as well as an MA from McGill University, and speaks four languages.

Tayfun Eldem, President and Chief Executive Officer of Alderon states, "I am thrilled with the additions of Keith and Bernard to the Alderon team. They will be based in Alderon's growing Montreal office and their expertise and contributions will be invaluable in the continued development of the Kami Project."

Alderon further announces the resignation of Brian Penney as Chief Operating Officer in order to accept a Chief Executive Officer role with another iron ore development company in the Forbes & Manhattan group. Mr. Penney will continue his involvement with Alderon on a consulting basis.
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jjsto

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Re: ALS.TO - Altius Minerals
« Reply #396 on: October 27, 2011, 08:43:13 AM »
So, iron ore prices have finally collapsed, and continue to fall.  http://www.mbironoreindex.com/ Price yesterday was $122 for 62%. 

I had the idea that since there really isnt much of a speculative element in the iron-ore market (relative to other metals/commodities) that would lead to less volatility compared to say gold or oil.  I also thought that since marginal production costs in china are estimated over $130 per ton, that would provide something of a medium-term floor.  Seems like both of those ideas (at least in the short term) are wrong. 

The silver lining is the altius/alderon share price isnt really following iron ore prices.  And, a short-term collapse in iron prices might actually be good for alderon's development from the point of view that the lower iron prices might wipe out some of their competition trying to get access to the same rail.  It would however be nice to see a stronger share price in the short term for alderon if that would lead to a better off-take agreement. 

Anyone have any commentary to add?

Also, still no news regarding NLRC or the annual report.  And delaying the annual meeting one month due to "printing errors" on the proxy circular?  Not sure how common that is.....

jjsto

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Re: ALS.TO - Altius Minerals
« Reply #397 on: October 28, 2011, 06:35:08 AM »

jjsto

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Re: ALS.TO - Altius Minerals
« Reply #398 on: November 02, 2011, 07:15:43 PM »

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #399 on: November 02, 2011, 08:29:23 PM »
Thanks for posting!
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