Author Topic: ALS.TO - Altius Minerals  (Read 1889082 times)

gurjot

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Re: ALS.TO - Altius Minerals
« Reply #20 on: January 13, 2011, 08:34:24 PM »
just wanted to let everyone know altius will have a booth at vancouver gold show next weekend.  if you have any question can be answered there.

thanks


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #21 on: January 28, 2011, 03:26:03 PM »


thx for the update....i saw it and did not post.

Alderon at $5.70 makes Altius  free...trading for cash. With all of the above projects and the royalty
stream at Voisey bay that will be bigger in the coming years. Altius also has $28m lawsuit against Vale for under payment.
we continue to add shares.

Dazel

netnet

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Re: ALS.TO - Altius Minerals
« Reply #22 on: January 29, 2011, 09:19:57 PM »
I read through a number of AR's today.  This Brian Dalton seems like the real deal, a Pierre Lassonde or a Schulich in the making.


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #23 on: January 30, 2011, 08:02:38 AM »

When Rick Rule was asked about what he thought about Dalton and the management at Altius...
He said it made him "giddy" on BNN to think how much money they would make on the $200m cash hoard in the mining environment at the time.
They have since made $30m on the IRC deal,  a few $$m and counting in Millrock res and about $110 million and counting on Alderon!
While most mining companies are selling shares...Altius is bufferring cash with capital gains. Our kind of company. I would have to concur with Mr Rule that I am giddy with what they have done.

Problem not unlike other most forgotten stocks they are not followed by a single analyst...because they don't have any debt to raise or capital to raise. That may change if they want to keep their percentage stake in Alderon as it moves towards production. I have some ideas...for another time.

Dazel.

value-is-what-you-get

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Re: ALS.TO - Altius Minerals
« Reply #24 on: February 01, 2011, 11:03:59 AM »
"Royalty revenue from the LNRLP was $1,654,000 during the year ended April 30, 2010 compared to $4,088,000 for the same period last year. Decreased royalty revenue was the result of lower concentrate shipments as a result of the continued strike at the mine site and at the smelting facilities in Canada. The reduction in concentrate shipments is expected to continue until the strike is resolved."

Strike is resolved so . . . looks like this cash tap has been turned on again!

Mungerville

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Re: ALS.TO - Altius Minerals
« Reply #25 on: February 01, 2011, 02:21:16 PM »
Dazel,

I haven't posted much lately. Looks like an interesting find and I don't tend to think much is interesting.

So its a bunch of free options with a net-net and a long-term value oriented CEO with a strong balance sheet and a decent track record. That's a pretty good start. How do you lose money on this stock long-term? Any ideas?

If the only way to lose is for commodities to tank, could you not buy a good chunk and hedge it with put options on a commodity index?...taking out that risk thereby permitting you to invest more into it than you otherwise might.




Mungerville

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Re: ALS.TO - Altius Minerals
« Reply #26 on: February 01, 2011, 02:37:46 PM »
Dazel,

I am precluded from transacting in gold or gold mining shares where I currently work. For this reason, I am asking you, roughly, what percentage of the value of their projects are in gold mining versus all other mining projects together? Just guestimate...

a) More or less than 10%?
b) Less than 5%?

(If its down there somewhere, I might be able to invest!)

gurjot

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Re: ALS.TO - Altius Minerals
« Reply #27 on: February 02, 2011, 05:08:14 PM »
as of now close to zero.  but they did hire paul van eeden recently to manage 25 of 200 mil in cash they have and some of that probably will be invested in early gold exploration companies.

cheers

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #28 on: February 02, 2011, 07:41:08 PM »

Mungerville,

Altius Gold holdings-Millrock (bought $1m...sold $2m worth and likely have $2m holding)
                         -Rambler Metals (copper-gold) about $5m holding
                          -2 or 3 projects on the books for less than a million

as for the joint venture with Van Eden...I would highly suspect that gold is holdings would be very small. As you can see from the Millrock sales above they made above they are not big on precious metals.

So likely saying 5% would be a stretch.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #29 on: February 02, 2011, 08:05:00 PM »

"So its a bunch of free options with a net-net and a long-term value oriented CEO with a strong balance sheet and a decent track record. That's a pretty good start. How do you lose money on this stock long-term? Any ideas?

If the only way to lose is for commodities to tank, could you not buy a good chunk and hedge it with put options on a commodity index?...taking out that risk thereby permitting you to invest more into it than you otherwise might."

Mungervillle,

good question...and not a bad way to hedge.

One thing to note is that they do not have a big commodity risk to their current market cap because the majority of their assets are cash equivalents. Could Alderon ($120m securities) be effected by iron ore prices? next year yeah..but the price this year (2011) is slated to go up by 50 to 80% and it does not float!

The Nickel Royalty will kick now that the strike is over at Voisey bay. As time passes the Uranium and other royalties will also kick in....So longer term commodities will effect asset prices but the market is pricing them at 0 right now anyways so what's the risk. why hedge.

Here is an interesting free option....they have a Potash property, Oil shales, and rare earth projects. How quickly do you think you could have speculators on these properties? I mean if they went to market tomorrow and said they were auctioning off the properties one by one....you would make 3 times your money.

The controling position of Alderon 45% should have a premium as well because they will decide who gets the property and it is very possible that they do put it up for bids once their final estimate is done in early March.

I think they will continue to create value and do things similar to what Leucadia has done with their resource projects...creative...they are not using their cash...it's great model with very little risk.

Dazel.