Author Topic: ALS.TO - Altius Minerals  (Read 1766034 times)

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #690 on: June 13, 2012, 04:37:43 PM »
http://www.grandich.com/2012/06/grandich-client-alderon-iron-ore-5/

At the end of the post there is:

Quote
Special Offer – To the party or parties who advocated shorting ADV, I like to make this offer to you; I will wager $100,000 that ADV makes a new, all-time high above $4 without ever going under $1 (That’s $1.78 higher from here versus just $1.22 below). If I win, you donate $100k to my favorite charity (http://www.fealgoodfoundation.com/) and if you win, I’ll donate $100k to yours). You know where to reach me if you’re interested.

Wonder if someone will take him up on that.
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biaggio

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Re: ALS.TO - Altius Minerals
« Reply #691 on: June 13, 2012, 06:59:04 PM »
I like quote in article: “those of us that live by the crystal ball overtime learn to eat a lot of broken glass.”

moore_capital54

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Re: ALS.TO - Altius Minerals
« Reply #692 on: June 13, 2012, 07:25:56 PM »
 I thought I would share this with you folks interested in the Canadian iron ore market, one of the better graphics I've seen on the Labrador Trough:

http://www.visualcapitalist.com/wp-content/uploads/2012/05/LabradorTrough_Final.jpg

cwericb

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Re: ALS.TO - Altius Minerals
« Reply #693 on: June 14, 2012, 05:46:07 AM »
Thanks for sharing that Moore, it is quite informative. I don't know who did the graphics for that but it is pretty impressive in how it puts things in perspective, especially the Kami project.
Politicians and diapers must be changed often, and for the same reason. - Mark Twain

MrB

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Re: ALS.TO - Altius Minerals
« Reply #694 on: June 16, 2012, 08:44:14 AM »
Wonder if Cundill would ever have invested in Altius?

What was your best investment ever? One of the best investments I have ever made was Cleveland-Cliffs Inc., on the face of it a boring old iron ore company based in Cleveland that specialized in producing iron ore pellets. In the ’80s, Cliffs had 40% of the pellet market in North America, but in a stock market environment where everyone was focusing on growth stocks, the share price more than halved. No one cared that it had what I like to call extra assets in the form of a power plant in Michigan, which was held at a very low value on the balance sheet. I bought and bought as the price went on dropping, and there seemed to be an endless supply of stock. Finally it ran out and the bull market of ’86-’87 carried Cliffs to levels where I was able to sell a good deal of the position at a substantial profit. The icing on the cake was the crash of October ’87 that allowed me to buy back all I’d sold plus a bit and do it all over again.
http://www.theglobeandmail.com/report-on-business/rob-magazine/an-interview-with-peter-cundill/article566267/

JAllen

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Re: ALS.TO - Altius Minerals
« Reply #695 on: June 16, 2012, 11:07:47 AM »
I studied some of Berkshire's late 70s investments a while ago to see what he was up to then.

Turns out Buffett owned Cleveland-Cliffs then as well: http://www.berkshirehathaway.com/letters/1980.html

PlanMaestro

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Re: ALS.TO - Altius Minerals
« Reply #696 on: June 16, 2012, 11:51:53 AM »
I studied some of Berkshire's late 70s investments a while ago to see what he was up to then.

Turns out Buffett owned Cleveland-Cliffs then as well: http://www.berkshirehathaway.com/letters/1980.html

Sorry for the departure, but what happened to Woolworth as an investment? They tried to reinvent themselves into the discount stores (Woolco) but they failed (Innovators Dilemma, Christensen). Thinking about all these retailers RSH, SVU, OMX, BBY, JCP, SHLD, that I am avoiding for the moment. Also wondering why Buffett/Munger tried retail again after the bad experience with department stores in the 60s.

A short answer would suffice.
« Last Edit: June 16, 2012, 12:00:45 PM by PlanMaestro »

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #697 on: June 21, 2012, 07:05:45 AM »

naboo

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Re: ALS.TO - Altius Minerals
« Reply #698 on: June 26, 2012, 03:15:22 PM »
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Dazel

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Re: ALS.TO - Altius Minerals
« Reply #699 on: June 27, 2012, 07:09:18 AM »
http://altiusminerals.com/uploads/April-2012-MDA-ver-7.pdf


As expected...the loss was from their $6.7 m share of the loss from Alderon. We would like to see the $2.7m in interest from their treasury holdings become much higher from buying something in this environment...just to add to the upside of what is there. We are really excited at the prospect of a another international royalty like purchase in this environment.

Near term Alderon continues to be a catalyst....when the feasibility study is done and the cash from their Hebei and Liberty partnership is in the treasury Alderon will rise significantly.

Dazel.