Author Topic: ALS.TO - Altius Minerals  (Read 1927125 times)

BRK7

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Re: ALS.TO - Altius Minerals
« Reply #190 on: May 11, 2011, 11:54:19 AM »
Altius and Alderon are both down about 4% today.

I recognize that both the TSX and TSXV are also down today, though not nearly 4%.

I'm new to the story here, but, given that ALS and ADV are both selling off relative to the broader market, I would conclude that the information contained in Alderon's press release today may have been viewed as disappointing by the market.

Maybe I'm oversimplifying.  Can anyone offer a context in which to interpret the Alderon press release?  What are the market expectations in terms of output from Alderon’s mining activities?


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #191 on: May 11, 2011, 02:02:47 PM »


Liberty,

Alderon's site is excellent...it compares grades and resource size to TCL and to Cliffs who are next door...their iron type are virtually the same at Bloom Lake compared to Alderon...big difference however, TLC should close tomorrow and is producing 8mty or (million tones year). The 1 billion ton target is being drilled now and today was another big step towards that goal.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #192 on: May 11, 2011, 02:09:20 PM »
"Altius and Alderon are both down about 4% today.

I recognize that both the TSX and TSXV are also down today, though not nearly 4%.

I'm new to the story here, but, given that ALS and ADV are both selling off relative to the broader market, I would conclude that the information contained in Alderon's press release today may have been viewed as disappointing by the market.

Maybe I'm oversimplifying.  Can anyone offer a context in which to interpret the Alderon press release?  What are the market expectations in terms of output from Alderon’s mining activities?"

I can never explain the market behaviour as we know people sell on emotion. Alderon actually opened up until the commodity complex fell apart. Oil was down 4%. Altius is very illiquid and moves quickly in both directions. As I said in the other post I would look at Alderon"s website they have done a good job explaining what they are looking for, where they are in Labrador (Thompson consolidated and Cliffs are next door...look at the map they have posted it is very detailed... and they do good comparison's of themselves vs Thompson consolidated. In a perfect world that is who they want to become.

Dazel.
 
 
 
 

MrB

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Re: ALS.TO - Altius Minerals
« Reply #193 on: May 13, 2011, 08:30:04 AM »
Dazel,
I think we're missing each other here. I'm referring to the what appears to be the 19.9% stake purchased by WISCO in 2009 for $240m, as mentioned in your earlier post.

That deal was done and dusted in 2009 correct?
If so then how much cash, presumably $240m, has changed hands?
If not, why not?

Count me a skeptic when it comes to most of the high flying deals by Chinese companies. I've like to double check for REAL transfer of value. From your description, it sounds like it was a simple cash for shares deal. So, that is why I asked the question about the cash. 

Anyway, not important. It sounds if you did your homework.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #194 on: May 15, 2011, 10:21:37 AM »

Mr.B,

I get what you are saying now. I really have no way to know whether the 19% stake was a straight cash infusion in 2009 or whether it was a combination of future orders and then equity. However it was structured..Wisco got paid out in cash for their 19% stake on May 12th 2011. Cliffs now owns it all.

http://finance.yahoo.com/news/Cliffs-Natural-Resources-Inc-cnw-3687103961.html?x=0&.v=1

We can only hope that Alderon has half the success of Consolidated Thompson. It really was a job well done by that team especially going through the 2008 ad 2009 financial meltdown. Congrats to them!

Dazel.

beerbaron

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Re: ALS.TO - Altius Minerals
« Reply #195 on: May 17, 2011, 09:47:08 AM »
Doubled my position today. At the current price it's a net-net.

BeerBaron

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #196 on: May 17, 2011, 10:07:38 AM »
I have also increased my position. Mr. Market is going crazy.

finetrader

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Re: ALS.TO - Altius Minerals
« Reply #197 on: May 17, 2011, 10:45:37 AM »
have also increased my position. Mr. Market is going crazy.

I'll meet you when it is below 10$
Live to invest, invest to live

naboo

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Re: ALS.TO - Altius Minerals
« Reply #198 on: May 17, 2011, 10:48:26 AM »
I have also increased my position. Mr. Market is going crazy.


Lucky guys.

I kept buying in the past couple of months, just felt like buying FFH in 2006 and 2007.

Now really no cash left.
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naboo

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Re: ALS.TO - Altius Minerals
« Reply #199 on: May 17, 2011, 10:51:54 AM »
have also increased my position. Mr. Market is going crazy.

I'll meet you when it is below 10$


Just wondering, who is selling ???
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