Author Topic: ALS.TO - Altius Minerals  (Read 1745332 times)

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #680 on: June 05, 2012, 07:41:05 AM »


Liberty,


I agree...the longer term...brings Great gains when shorts are wrong...I do not want to sound off the alarm bells...

Those that were around for The Fairfax debacle say some crazy shit! The good news is that many fortunes were made on this board.

If investors are prepared for a short attack they will do well...they have to understand the assets they own...however....as was the case with Fairfax when a $1.3 b company dropped 45% in minutes...it tests your metal.
The good thing is that Fairfax is now worth over $8b

Dazel
Dazel


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #681 on: June 05, 2012, 08:13:34 AM »
http://finance.yahoo.com/news/long-term-uranium-prices-first-122000659.html


The long term uranium price has risen for the first time since Jan 2011....Japan has looked to restart their nuclear program and china has given the go ahead for their program....

Slowly but surely...this is a big deal to Altius' future.

Dazel.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #682 on: June 05, 2012, 08:54:02 AM »


Liberty,


I agree...the longer term...brings Great gains when shorts are wrong...I do not want to sound off the alarm bells...

Those that were around for The Fairfax debacle say some crazy shit! The good news is that many fortunes were made on this board.

If investors are prepared for a short attack they will do well...they have to understand the assets they own...however....as was the case with Fairfax when a $1.3 b company dropped 45% in minutes...it tests your metal.
The good thing is that Fairfax is now worth over $8b

Dazel
Dazel

Hey Dazel,

I totally agree. I might not have been around when Fairfax went through this, but I own a lot of EBIX and I've seen what unscrupulous shorts can do to manipulate a stock. Still, I feel that they are wrong and that in the end they'll have permitted me to buy into a great business at a very low price..
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Liberty

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Re: ALS.TO - Altius Minerals
« Reply #683 on: June 07, 2012, 06:20:27 AM »
As expected, more buybacks are underway:

http://www.canadianinsider.com/node/7?ticker=ALS

ADV up over 9% right now. Guess it's China's announcement.
« Last Edit: June 07, 2012, 07:12:01 AM by Liberty »
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jjsto

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Re: ALS.TO - Altius Minerals
« Reply #684 on: June 07, 2012, 07:20:31 AM »
Glad to see the buybacks have finally kicked in.  I assumed that was what was supporting Altius at 10, but was getting a little worried cause I hadnt seen any filings in a while.  I started looking at cliffs cause it seems pretty cheap and came across this thread (click on expanded view) on the yahoo forums where some employee at the mine is talking about some of their cost overruns and operating issues.  I hope Alderon management is paying close attention to this so they can avoid making similar mistakes...

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=te&bn=3756&tid=64790&mid=64790&tof=4&frt=2#64790

jjsto

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Re: ALS.TO - Altius Minerals
« Reply #685 on: June 07, 2012, 07:31:30 AM »
Also, pulled this link off the stockhouse forum.  Interesting discussion of power needs in the area:

http://www.nl.dailybusinessbuzz.ca/Provincial-News/2012-06-07/article-3002164/NL%3A-Mining-industry-needs-Muskrat-Falls,-says-Alderon-chairman/1

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #686 on: June 08, 2012, 07:10:18 AM »
Also, pulled this link off the stockhouse forum.  Interesting discussion of power needs in the area:

http://www.nl.dailybusinessbuzz.ca/Provincial-News/2012-06-07/article-3002164/NL%3A-Mining-industry-needs-Muskrat-Falls,-says-Alderon-chairman/1

Interesting. At least it seems like they always have the option of getting their power from the Quebec side.
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Dazel

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Re: ALS.TO - Altius Minerals
« Reply #688 on: June 11, 2012, 03:18:49 AM »
http://canadianinsider.com/node/7?ticker=ADV


Danny Williams is picking up some cheap Alderon shares!

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #689 on: June 12, 2012, 06:18:28 PM »
http://www.marketwatch.com/story/millrock-and-vale-enter-option-agreement-concerning-the-audn-copper-gold-porphyry-project-alaska-2012-06-11-9173323

Quote
Millrock Resources Inc. CA:MRO +11.90%  ("Millrock" or the "Company") announced today that it has entered into an option agreement with Vale Exploration USA, Inc., a wholly-owned subsidiary of Vale S.A. ("Vale"). The agreement is being entered pursuant to the strategic alliance agreement between Vale Exploration Canada Inc, a wholly-owned subsidiary of Vale S.A. and Millrock made October 11, 2011 (see press release dated October 17, 2011: http://millrockresources.com/news/millrock_and_vale_form_strategic_alliance_for_copper-gold_porphyry_dep/ ). The objective of the alliance is to discover large-scale copper - gold porphyry deposits in target zones of Alaska identified by Millrock. This is the first "Designated Project" under the strategic alliance agreement.

The subject of the new option agreement is the AUDN project, a promising porphyry copper-gold target situated approximately 100 km southwest of the world-class Pebble deposit. The Millrock claim block is situated along a trend of porphyry occurrences. Aeromagnetic, gravity and radiometric potassium survey data indicate possible buried, mineralized intrusions within the AUDN project area. Millrock and Vale plan to carry out geophysical and geochemical surveys in 2012.

Under the terms of the option agreement, Vale may earn a 65% interest by expending US$3.5 million for exploration on the project over a three-year period and by paying Millrock US$200,000. Upon earning its initial interest, Vale may elect to carry the full cost of further exploration and development until a feasibility study has been completed, and thereby earn an additional 10% interest, for a total 75% joint venture interest. Further development of the project would proceed with the parties contributing on a pro-rata basis. In the event that a joint venture party dilutes below a 10% interest, such interest would convert to a Net Smelter Returns royalty of 2% on gold, silver, platinum, palladium and rhodium and 1% on all other metals.

Under the terms of the strategic alliance agreement, Vale is providing funding to Millrock for research and early-stage exploration to identify targets that may be nominated for Designated Project status. The work is focused on specific, defined areas of interest in the Alaska Range and Alaska Peninsula porphyry belts. Strategic Alliance funding consists of a minimum US$1.0 million in the first year, and a further US$1.0 million at Vale's option in the second year. Funding for the strategic alliance may continue in subsequent years at funding levels to be determined between the parties.

Initial investigations carried out by Millrock in 2010 were done with funding that Millrock received under a separate strategic alliance with Altius Minerals Corporation CA:ALS +1.04%  ("Altius"). By virtue of that agreement Altius is entitled to a royalty on any mineral production that occurs from most of the claims comprising the AUDN project.
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