Author Topic: ALS.TO - Altius Minerals  (Read 1927142 times)

cwericb

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Re: ALS.TO - Altius Minerals
« Reply #180 on: May 06, 2011, 07:45:54 PM »
Glad to know I am not the only one who precipitates a drop in everything I buy. I also took a plunge in RIM the other day - just to keep my streak going.
 
As for silver, this is somewhat of a replay of the Hunt brothers trying to control the market back in the 70's where there was just no justification for such a quick run up in price. But in the long run I can't see any reason why commodities are not going to be increasingly in demand in the future. When a major portion of the world's population has not been allowed to participat in the modern age and then over a relatively short period of time gain the ability to acquire all of those perks the western world takes for granted it, has to generate an incredible demand. All of those products that they want require vast amounts of natural resources - and we are talking about billions of new consumers. Once that movement has started, once those populations have have had a taste of modern luxuries it is like broaching a dam. That desire will not be stifled and, while prices may get a bit ahead of themselves at times, I am not convinced that we have a bubble that is about to burst. A correction for sure, and that is healthy and it is corrections help keep bubbles from forming. My 2 cents worth anyway.
Politicians and diapers must be changed often, and for the same reason. - Mark Twain


Liberty

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Re: ALS.TO - Altius Minerals
« Reply #181 on: May 08, 2011, 09:34:59 PM »
Dazel, if I might ask, what is your average cost for ALS and since when have you been buying?

I'm just curious.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #182 on: May 09, 2011, 07:37:31 AM »


Mr. B

http://www.consolidatedthompson.com/i/pdf/news/july_20_09.pdf

At the top of the page it's headline is $240m investment...the assumptions are mine as I stated earlier. Very tough to find info on Companies from china.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #183 on: May 09, 2011, 07:44:09 AM »

Mr.B,

Sorry I did not the other post there!
http://www.cleveland.com/business/index.ssf/2011/01/cliffs_natural_resources_to_bu.html

The deal is to close in "early spring"...I do not know if they waited for the closing to get their cash or sold their shares out in the open market. So if they waited they will get paid soon.


Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #184 on: May 09, 2011, 07:46:53 AM »
Average price.

I will tell you when I am done buying...

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #185 on: May 09, 2011, 04:46:54 PM »

Liberty,

I will tell you that we have been buyers just about everyday. Looks like we all may have been bidding!

This stock is pretty illiquid. We have contemplated talking to management about their buyback program. They are in negotiations all the time...Alderon, NLRC, and the other ( active projects)..so it would make sense to do automatic buybacks that are regular in nature and are not done on new information. However, that woluld have hurt all of last week as they would have taken out most of the bids out.They are only allowed 9k in shares a day I believe though. In 2008, they took out 10% of their outstanding shares which was a great use of capital. We would like to see them do something similar in the future. We think it is a great use of their cash hoard...at these levels we think it may be their best use of capital.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #186 on: May 09, 2011, 05:02:40 PM »
Altius share buy backs.

http://www.altiusminerals.com/files/PR0211-NCIB.pdf
9200 shares is their daily limit (above)...

http://www.altiusminerals.com/files/PR0812.pdf

This was their load up on shares below $6...great purchases!
http://www.altiusminerals.com/files/PR0817-NCIB.pdf

interesting that in 2007 that averge purchase price was above $13 (below)
http://www.altiusminerals.com/files/PR0717.pdf

Dazel

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #187 on: May 09, 2011, 06:14:49 PM »


Mr.B,

Here is your answer...closing (cash) May 12th. The final clearance was given by China today.

http://finance.yahoo.com/news/Cliffs-Natural-Resources-Inc-prnews-3359078098.html?x=0&.v=1

...I would think Alderon would be in play on May 13th...from both parties...the market liked Cliffs purchase as it was great for the stock...why not pick up more reserves next door? As for input or interest from the other parties we shall see.

Dazel

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #188 on: May 11, 2011, 05:39:15 AM »

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #189 on: May 11, 2011, 06:42:12 AM »

http://finance.yahoo.com/news/Alderon-Intersects-29-Iron-iw-657365906.html?x=0&.v=1

Alderon continues to have positive drill results.

Dazel.

That sounds like potentially great news. When they say:

"The goal for the updated resource is to delineate 800 million to 1 billion tonnes at a grade between 28-32% iron ore."

Those tonnages are huge. Can you explain a bit what they mean here? Is that just what they're looking for, or do they have some confidence that this is what they can find based on those early results, but it's not yet a sure thing?