Author Topic: ALS.TO - Altius Minerals  (Read 1745330 times)



Dazel

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Re: ALS.TO - Altius Minerals
« Reply #1071 on: January 31, 2013, 03:43:56 AM »
http://www.metalbulletin.com/Article/3149020/Iron-ore-and-coking-coal/Spot-635-Fe-iron-ore-prices-up-3-4-per-tonne-on-positive-sentiment.html


Prices have risen above $150 again....to be clear it is only the steel producers that know what they are willing to pay. We like being in bed with Hebei the largest steel producer in China because we know they are a proxy for the world steel market. They need the iron ore...whether it is $150...$180...or $100... Altius will do very very well.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #1072 on: February 01, 2013, 06:00:18 AM »
http://www.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx


Altius is the perfect asset that Bill Gross is looking for.


Dazel.

nostradamus

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Re: ALS.TO - Altius Minerals
« Reply #1073 on: February 01, 2013, 08:09:19 AM »
Any views on whether we will get a press release on Julienne lake soon?

http://www.nr.gov.nl.ca/nr/mines/Julienne/Julienne_EOI_Addendum1.pdf

The above states: "invitations to submit detailed proposals combined with terms of reference will be issued in January 2013". If Altius has been asked to submit a detailed proposal it would be interesting information for them to communicate to the market. Especially if they chose to disclose their partners. Is this likely at this stage?

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #1074 on: February 02, 2013, 04:26:30 AM »


No idea when or how Julienne Lake will play out...it looks like the timing is right for Altius to make a bid as the sector is not loved right now. In fact, it is so unloved even famed "Bear" Marc Faber is calling mining stocks cheap. He is recomending Ukraine, Vietnam, China and Mining stocks. His interviews are always entertaining. He is uncannily right on the markets...I found him years ago as Prem Watsa of Fairfax mentioned him and his commentary.

http://finance.yahoo.com/news/better-enjoy-market-rally-while-125151051.html

Dazel.

gurjot

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Re: ALS.TO - Altius Minerals
« Reply #1075 on: February 06, 2013, 09:26:40 AM »
alderon showing some weakness.  may be expectation of  bad news from heibi?

thanks

ItsAValueTrap

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Re: ALS.TO - Altius Minerals
« Reply #1076 on: February 06, 2013, 10:36:52 AM »
Junior stocks like Alderon tend to be crazy volatile.  A lot of the time the volatility means nothing.  You usually want to buy the dips and sell the rallies.

Take Queenston Mining for example.
http://www.google.com/finance?q=qmi.to&ei=VaESUZnLDse1qgGeYQ

Traded as low as <$3.20, bought out at over $5 in the same year.

2- Altius is easing back on the share repurchases a little now that the share price shot up by about a quarter:
http://www.canadianinsider.com/node/7?menu_tickersearch=als

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gurjot

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Re: ALS.TO - Altius Minerals
« Reply #1077 on: February 06, 2013, 02:10:10 PM »
heibi date extended!
wonder whats the real reason?


naboo

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Re: ALS.TO - Altius Minerals
« Reply #1078 on: February 06, 2013, 02:39:55 PM »
heibi date extended!
wonder whats the real reason?

I didn't think 15 business days were reasonable, especially close to Chinese New Year. 

The Chinese New Year in this year is Feb 10, but in Chinese tradition, it started one week early (lunar year 12/23,  02/03/2013),  and will end (Lantern Festival, lunar year 01/15  02/24/2013) . Hebei (North of the Yellow River) is a province in North China, and people there celebrate Chinese year in a very traditional way, please don't expect anybody will do the serious work during this period of time. 
« Last Edit: February 06, 2013, 02:42:14 PM by naboo »
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zippy1

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Re: ALS.TO - Altius Minerals
« Reply #1079 on: February 06, 2013, 02:59:48 PM »
heibi date extended!
wonder whats the real reason?

I didn't think 15 business days were reasonable, especially close to Chinese New Year. 

The Chinese New Year in this year is Feb 10, but in Chinese tradition, it started one week early (lunar year 12/23,  02/03/2013),  and will end (Lantern Festival, lunar year 01/15  02/24/2013) . Hebei (North of the Yellow River) is a province in North China, and people there celebrate Chinese year in a very traditional way, please don't expect anybody will do the serious work during this period of time.
I am long AXX myself. 

However, I feel quite uneasy about this delay.  Chinese New Year holidays are a bit like American Christmas holidays. The official time off this year is Feb 9th-15th.  So it is like American Christmas-New Year in terms of length, roughly.   

Also, it is not like business people do not know which days Chinese New Year(CNY) fall in advance.  So to have this CNY coming up as a reason, in my mind, is a bit strange.  We all plan our milestones here taking into account of CNY.  Someone has to be quite incompetent to not to do so.

AXX/Hebei could have set it at March 15th in the first place if CNY is really the reason.

I guess either AXX do not have good staff that "understands" Hebei or Hebei is using CNY as an excuse to delay payment, which is a known tatics in this part of the world anyway.