Author Topic: ALS.TO - Altius Minerals  (Read 1745532 times)

Green King

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Re: ALS.TO - Altius Minerals
« Reply #730 on: July 13, 2012, 08:23:41 AM »
i think there was a link to blog post a while back on this thread about that.
GK


value-is-what-you-get

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Re: ALS.TO - Altius Minerals
« Reply #731 on: July 13, 2012, 09:01:58 AM »
i think there was a link to blog post a while back on this thread about that.
Yes I remember a blog post saying Alderon could only expand output to 16 million tonnes if the dam was built and that it wa no sure thing that it would, but this is the first I'd heard of Altius possibly securing a royalty on the power dam output.  Maybe Im reading this wrong but thats what it looks like to me.

Green King

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Re: ALS.TO - Altius Minerals
« Reply #732 on: July 13, 2012, 09:28:04 AM »
i think there was a link to blog post a while back on this thread about that.
Yes I remember a blog post saying Alderon could only expand output to 16 million tonnes if the dam was built and that it wa no sure thing that it would, but this is the first I'd heard of Altius possibly securing a royalty on the power dam output.  Maybe Im reading this wrong but thats what it looks like to me.

it seems the blog we were talking about it and is getting sued are the same.
http://rocksolidpolitics.blogspot.ca/
http://www.winnipegfreepress.com/canada/former-premier-danny-williams-sues-muskrat-falls-critics-for-alleged-defamation-162228675.html
« Last Edit: July 13, 2012, 12:58:10 PM by Green King »
GK

beerbaron

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Re: ALS.TO - Altius Minerals
« Reply #733 on: July 13, 2012, 12:47:54 PM »
How can Altius buy a royalty on a 6B$ hydro project ? That is a huge cow for such a small company.

BeerBaron

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #734 on: July 14, 2012, 12:19:04 PM »
Altius has had this in the works for a long time...they would create a royalty trust and raise money for the royalty trust that would then buy future power income stream from the Lower Churchill power project. The same way that a mining royalty is set up. They would put up some capital but the majority would come from outside parties to raise money for the project they would become shareholders in the royalty trust that would get it's income from the future revenue from the project. The government looked at it as a unique way to let the people have a chance to participate in profit sharing for the project while raising money that would not require the province to issue debt.



Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #735 on: July 14, 2012, 12:27:44 PM »


Liberty,

The Alderon release was expected of course which is good news...however, the better news is how quickly it was done...The feasibility study is the next major milestone...that brings the financing cash and they are off to the production races...the speed at which things are done now are the key. They said the feasibility study will be out before yearend...but I would expect it by  quarters end. Once that is done...look out.

Dazel.

hohi

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Re: ALS.TO - Altius Minerals
« Reply #736 on: July 14, 2012, 01:21:30 PM »
Hey guys!

I am new to this board - although I was reading as a guest for some month now. I finally decided to join your greatly appreciated discussion!

Personally I love ALS and am very comfortable that it represents about 12% of my portfolio right now. In fact I am planning to accumulate more as these price levels represent a great opportunity to buy quality with upside (I estimate fair value at about 21$ / share) and very, very limited downside.

Doing my DD I created a Fact Sheet (A3-format) which I updated today. So as my first contribution to this board I uploaded it and maybe someone of you will find some value in it. I would love to hear some corrections or some missing facts that are important.

Anyway here is the link
http://ihre-hoheit.de/2012_07_13_DD_ALS_%28A3%29.pdf

Best regards from germany,
hohi
Cheers,
hohi.

current resource positions: ALS.TO  //  NILSY  //  IVN.TO   //   DPM.TO   //   GAZ

beerbaron

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Re: ALS.TO - Altius Minerals
« Reply #737 on: July 15, 2012, 02:41:53 PM »
Hey guys!

I am new to this board - although I was reading as a guest for some month now. I finally decided to join your greatly appreciated discussion!

Personally I love ALS and am very comfortable that it represents about 12% of my portfolio right now. In fact I am planning to accumulate more as these price levels represent a great opportunity to buy quality with upside (I estimate fair value at about 21$ / share) and very, very limited downside.

Doing my DD I created a Fact Sheet (A3-format) which I updated today. So as my first contribution to this board I uploaded it and maybe someone of you will find some value in it. I would love to hear some corrections or some missing facts that are important.

Anyway here is the link
http://ihre-hoheit.de/2012_07_13_DD_ALS_%28A3%29.pdf

Best regards from germany,
hohi

Lots of work in there! Thanks it's a great 1 pager.

BeerBaron

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #738 on: July 16, 2012, 06:22:10 AM »
http://www.alderonironore.com/_resources/news/2012-07-16-NewsRelease.pdf

Quote
Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) ("Alderon" or the “Company”) is pleased to
announce that it has signed an agreement (the “Port Agreement”) with the Sept-Îles Port Authority (the
“Port”) to ship up to 8 million metric tonnes of iron ore annually via the new multi-user deep water dock
facility that the Port is constructing (see Alderon press release dated February 14, 2012).

“We are extremely pleased to have concluded this port agreement, which represents another significant
milestone in the development of our Kami Iron Ore Project,” says Tayfun Eldem, President and CEO of
Alderon. “This agreement provides Alderon with confirmed access to the international iron ore markets
and substantially de-risks the Kami Project.”

Port Agreement Details

Pursuant to the Port Agreement, Alderon has reserved an annual capacity of 8 million metric tonnes of
iron ore that it can ship through the Port. In order to finance the estimated $220 million cost of the new
multi-user dock facility, the Port required binding commitments from the potential end-users to provide a
portion of the necessary funds. This buy-in payment will constitute an advance on  Alderon’s future
shipping fees (wharfage and equipment fees) and, as a result, Alderon will receive a discount on its
shipping fees until the full amount of the buy-in payment has been repaid through the discount.
Based on its reserved annual capacity, Alderon’s buy-in payment is $20.46 million, payable in two
installments of $10.23 million each. The first installment of $10.23 million was paid upon signing of the
Port Agreement and the second payment of $10.23 million is due no later than July 1, 2013. As security
for the second payment, Alderon is required to provide an irrevocable guarantee of equivalent value.
The Port Agreement includes a base fee schedule regarding wharfage and equipment fees for iron ore
loading for  Alderon’s  shipping operations. The rates commence in 2014 and are on a sliding scale
based on the volume of iron ore that is shipped. The term of the agreement is for 20 years from the
execution date, with the option to renew for further five year terms, to a maximum of four renewals.
Bridge Financing Details

Liberty Metals  & Mining Holdings, LLC (“LMM”), a subsidiary of Liberty Mutual Insurance, one of
Alderon’s strategic investment partners,  provided a bridge loan to Alderon in the amount of $10.5
million in order for Alderon to make the first instalment payment and has agreed to provide a further
$10.5 million, if necessary, in order for Alderon to obtain the  guarantee  required  for the second
installment. The intention is that the loan will be a short term bridge loan that will be repaid from the
funds of the Hebei Iron & Steel Group (“Hebei”) transaction after it closes.

The maturity date of the bridge loan is September 30, 2012; however, Alderon has the ability to extend
the maturity date to March 31, 2014. In the event of such extension, the loan becomes convertible at
LMM’s option into Alderon common shares at a conversion price equal to the volume weighted average
trading price of Alderon’s common shares on the Toronto Stock Exchange for the five days prior to the
date that LMM delivers a conversion notice.

The loan is secured with a mortgage over the Kami property and bears interest at a rate of 8% per
annum, calculated and payable on September 30, 2012. In the event the Company exercises its option to extend the maturity date, the interest rate will increase to 9.5% per annum beginning on October 1,
2012.
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Dazel

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Re: ALS.TO - Altius Minerals
« Reply #739 on: July 22, 2012, 10:32:05 AM »
http://www.todayonline.com/World/EDC120722-0000013/China-in-talks-to-build-UK-nuclear-power-plants


Uranium market is looking up...Altius will benefit from this trend...in 2013 the us-Russia nuclear agreement ends...this is the majority up uranium supply that will be curtailed...

Dazel