Author Topic: ALS.TO - Altius Minerals  (Read 1764063 times)

alertmeipp

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Re: ALS.TO - Altius Minerals
« Reply #40 on: February 04, 2011, 08:48:24 AM »
okay.. u got me in.
remember if it tanks shortly after, it's not me.


Myth465

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Re: ALS.TO - Altius Minerals
« Reply #41 on: February 04, 2011, 09:57:37 AM »
Im close currently going thru letters. Will likely buy a small starter position by the end of day. These guys have been very impressive with their equity investments. I dont know much about mining but I can use a calculator. This seems like a no brainer. They will mint money if all these mines get up and running due to the royalties and in the meantime they have been able to generate pretty high returns on their cash by doing LUK like ventures.

Hopefully the moves in Alderon are sustainable (I have no idea how to value that one), even if they arent there are alot of assets and free kickers here, it would be tough to loss unless these guys push all in on the wrong idea.

Current Asset Base (as of December 31, 2010)
 $145 Million in treasury
 
529,251 shares of Royal Gold Inc. valued at ~$28 Million (received as part of  IRC purchase transacti)
 
Voisey's Bay LP interest (10%)
 
*32,285,006 shares of Alderon Resources Corp. (ADV-TSX-V)
 
$25 million investment with Cranberry Capital (Paul van Eeden) - early stage mineral exploration companies
 
Increasing collection of "created" royalties - Paladin Energy - CMB - 2% gross sales uranium royalty and 2% NSR on base metals and precious metals, Alderon Resource Corp. - 3% Gross Sales Royalty on Kami iron ore project, Northern Abitibi's Viking Gold project 2-4% sliding scale net smelter return royalty, Rare Element Resources' Nuiklavik REE project - 2% gross over-riding sales royalty.
 
Diverse portfolio of exploration projects including 9 active Joint Ventures
 
Rambler Metals and Mining plc (12 million shares)

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #42 on: February 04, 2011, 02:09:33 PM »
"Hopefully the moves in Alderon are sustainable (I have no idea how to value that one), even if they arent there are alot of assets and free kickers here, it would be tough to loss unless these guys push all in on the wrong idea. "

Insiders have not cashed in their options that they were awarded recently- http://www.canadianinsider.com/coReport/allTransactions.php?ticker=adv
Showed also a small amount of insider buying.

sdev

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Re: ALS.TO - Altius Minerals
« Reply #43 on: February 04, 2011, 02:10:25 PM »
Wow, wish I hadn't ignored this thread until now. Great little company Dazel. Keeping this on the watchlist to see if it ever has a solid pullback.

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #44 on: February 04, 2011, 02:39:44 PM »
sdev, I have not bought any, but it looks like it looks like a good bargain still.

What do others think?

Myth465

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Re: ALS.TO - Altius Minerals
« Reply #45 on: February 04, 2011, 03:24:35 PM »
I bought a 1.5% position today and will likely scale it up as my cash is moved around, will probably hold at 5% while I "learn about mining and Management". It seems like a good owner manager company. The only risk from my view is Alderon being overvalued and all other options turning out to be worthless.

Similar to LUK, if I can get back to the enterprise value based on a very conservative valuation of the assets and still have a number of free kickers I am happy. Based on market value for a valuation of Alderon and Rambler, + taking the Cranberry Capital investment at book, + the cash, + a conservative valuation for the Bay royalty gets us at or over the EV.

After that everything else is free, and I am happy seeing what they come up with given the returns they have been able to generate on their cash thus far. Plus I believe we are getting a decent chance to buy before the run up in Alderon gets reflected in the SP. Worse cause Alderon collapses and we are right back where we started.

alertmeipp

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Re: ALS.TO - Altius Minerals
« Reply #46 on: February 04, 2011, 05:00:17 PM »
Congrats - check out QUX.TO too. I think they are pretty cheap COPPER play.

Myth465

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Re: ALS.TO - Altius Minerals
« Reply #47 on: February 04, 2011, 05:13:58 PM »
Congrats - check out QUX.TO too. I think they are pretty cheap COPPER play.

You guys make it terribly hard to hold cash, I know we are due for a pullback but my cash loads are dwindling.

Zorrofan

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Re: ALS.TO - Altius Minerals
« Reply #48 on: February 05, 2011, 08:58:08 PM »
Dazel,

Did you say Sprott owns some? I haven't been able to confirm that it in any Altius filing....

cheers
Zorro

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #49 on: February 06, 2011, 12:50:34 PM »

They were in joint venture with Sprott Resource corp.

Sprott Inc bought out Rick Rule and his related companies with Sprott shares...that deal will be finalized in February....Rick Rule and his firms have been longtime holders of Altius...so they will own some! I have not seen a direct investment though...I would not be surprised if they are the elephant in the room lately. They obviously know Altius.

disclosure...we now control about 1.5% of the shares outstanding.

Dazel.