Author Topic: ALS.TO - Altius Minerals  (Read 1673188 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #7210 on: May 18, 2019, 05:54:54 AM »
https://www.adiaresources.com/pdf/2019-05-14_NR_ADIA.pdf

Adia Resources update:

1) 1258 meters completed in 3 drill holes. DeBeers is doing the microdiamond analysis on the 20kg of samples as their equity participation in the projects. Sounds like they intersected a lot of the diamond-bearing rock.

2) Gravity survey completed. Drilling and gravity survey indicate a 3 kilometer ore body with a 315 meter thickness.

4) Beach sand sampling at surface found another 170 micro-diamonds. DeBeers did the analysis.

5) C$1.96 million in cash at the end of March.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #7211 on: May 28, 2019, 06:50:01 PM »
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1SY1W4

Nutrien starting to talk about their expansion plans. Restarting 5 MTA of idled capacity could bring production to 18 MTA, while a cheap brownfield expansion could raise production to 23 MTA.

Nutrien is basically threatening to double production as BHP considers whether to greenlight Jansen.

Actions speak louder than words. Best thing for Nutrien is to unleash the idled capacity immediately to drive down the potash price and discourage new competitors.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #7212 on: May 28, 2019, 06:59:07 PM »
https://www.google.com/amp/s/www.hannaherald.com/news/local-news/sheerness-power-plant-sold-to-us-company/amp

ATCO sells their control stake in Sheerness and the Paintearth related power plants to a US private equity group.

This might turn out to be good news. The private equity group wonít face the same pressure to convert the coal plants to natural gas as the publicly traded utilities felt. The Sheerness royalty might survive a few years beyond 2022. ATCO had announced a very accelerated conversion schedule. Now the schedule is up in the air.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #7213 on: May 28, 2019, 07:12:57 PM »
Altius only bought about C$50K worth of shares in the recent Adventus financing at 88 cents, letting their position be diluted. They let Nobis, Greenstone, RCF and Silver Wheaton do the heavy lifting. Adventus has run up to C$1.10 per share. The Altius position in Adventus is now worth C$17.2 million. Itís going to be a very big win if Kargl-Simard can put Curipamba into production.

petec

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Re: ALS.TO - Altius Minerals
« Reply #7214 on: May 28, 2019, 09:38:21 PM »
Best thing for Nutrien is to unleash the idled capacity immediately to drive down the potash price and discourage new competitors.

Pity no-one explained that basic concept to the morons that ran Potash Corp 12 years ago!

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #7215 on: May 29, 2019, 07:37:44 AM »
https://ceo.ca/@newswire/champion-iron-announces-refinancing-to-optimize-capital

Champion refinances debt and acquires 100% of Bloom Lake on the project level. Stock hits a high of C$3.10 in early trading. Altius only has 2.5 million shares left of Champion stock but business success in the Labrador Trough is always a good thing.

petec

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Re: ALS.TO - Altius Minerals
« Reply #7216 on: May 29, 2019, 07:55:56 AM »
https://ceo.ca/@newswire/champion-iron-announces-refinancing-to-optimize-capital

Champion refinances debt and acquires 100% of Bloom Lake on the project level. Stock hits a high of C$3.10 in early trading. Altius only has 2.5 million shares left of Champion stock but business success in the Labrador Trough is always a good thing.

Their timing in selling (most of) this was diabolical. I get that they don't feel they should hold naked equities in size but if you don't want equity upside why have a convert?

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #7217 on: May 29, 2019, 11:07:37 AM »
https://ceo.ca/@newswire/champion-iron-announces-refinancing-to-optimize-capital

Champion refinances debt and acquires 100% of Bloom Lake on the project level. Stock hits a high of C$3.10 in early trading. Altius only has 2.5 million shares left of Champion stock but business success in the Labrador Trough is always a good thing.

Their timing in selling (most of) this was diabolical. I get that they don't feel they should hold naked equities in size but if you don't want equity upside why have a convert?

The convertible debenture had an important clause giving Altius first dibs on a potential Bloom Lake royalty financing. The equity and debt markets opened up for Champion at the right time and they managed to avoid selling a royalty to Altius.

Altius basically turned C$10 million into C$21 million (including the 8% interest payments) in a little less than 2 years. It could have been more but sometimes you have to take profits. They had pressing needs for the cash: buying the US$10 million Curipamba royalty happened at the same time the first Champion equity tranche was sold.

TwoCitiesCapital

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Re: ALS.TO - Altius Minerals
« Reply #7218 on: May 29, 2019, 07:02:20 PM »
https://ceo.ca/@newswire/champion-iron-announces-refinancing-to-optimize-capital

Champion refinances debt and acquires 100% of Bloom Lake on the project level. Stock hits a high of C$3.10 in early trading. Altius only has 2.5 million shares left of Champion stock but business success in the Labrador Trough is always a good thing.

Their timing in selling (most of) this was diabolical. I get that they don't feel they should hold naked equities in size but if you don't want equity upside why have a convert?

The convertible debenture had an important clause giving Altius first dibs on a potential Bloom Lake royalty financing. The equity and debt markets opened up for Champion at the right time and they managed to avoid selling a royalty to Altius.

Altius basically turned C$10 million into C$21 million (including the 8% interest payments) in a little less than 2 years. It could have been more but sometimes you have to take profits. They had pressing needs for the cash: buying the US$10 million Curipamba royalty happened at the same time the first Champion equity tranche was sold.

I agree with this. It's obviously a shame in hindsight that Altius didn't hold on until $3, but that's in hindsight. We had the opposite complaint about regarding Alderon a few years back where they held on too long waiting for the outcome they wanted.

If Altius is entering equities tactically for control or for strategic royalty negotiations, I'm happy to have them exit with a 100% profit once that has been satisfied even if it means leaving money on the table. Particularly given where we're at in the economic cycle - having extra liquidity isn't a bad thing.

bizaro86

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Re: ALS.TO - Altius Minerals
« Reply #7219 on: May 29, 2019, 08:50:55 PM »
Yeah, I would definitely rather they sell too soon rather than too late. Champion is now a producing mine, which is a bit different than the explorers that make up most of their portfolio, but I'd still rather have the bird in the hand. Reinvest in a new long term royalty - the market discounts the junior investments anyway, imo.