Author Topic: ALS.TO - Altius Minerals  (Read 2036664 times)

Liberty

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 13257
  • libertyrpf.com
    • http://www.libertyrpf.com
Re: ALS.TO - Altius Minerals
« Reply #7410 on: November 30, 2020, 12:23:17 PM »
Book Value per share April 2015    $8.06
Book Value per share Sept 2020.   $5.58  (ex pref shares)

Admittedly, BV as a value metric is limited and has flaws but the compound growth in royalty revenue cited continually by management, does not seem to be translating into growth for shareholders.

Am I missing something?

They've exchanged a bunch of cash for cash-flowing assets.

The question isn't at that level, IMO. It's how much value is being created with your capital, how much will be created going forward, and are the assets in aggregate durable and growing, or slowly running off (return of capital, rather than return on capital). Have they shown the capacity of creating enough value in the space to be worth investing in vs all the other companies available to you on the public markets (which is the question you should ask before any investment that falls in your circle of competence).


cwericb

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1955
Politicians and diapers must be changed often, and for the same reason. - Mark Twain

TwoCitiesCapital

  • Hero Member
  • *****
  • Posts: 2833
Re: ALS.TO - Altius Minerals
« Reply #7412 on: December 15, 2020, 09:40:38 AM »
Article on Seeking Alpha about Altius:

Altius Minerals Is Undervalued With Upside Optionality

https://seekingalpha.com/article/4394630-altius-minerals-is-undervalued-upside-optionality?utm_medium=email&utm_source=seeking_alpha&mail_subject=atusf-altius-minerals-is-undervalued-with-upside-optionality&utm_campaign=rta-stock-article&utm_content=link-0

I'm afraid to hope for anything positive at Kami, but that WOULD be a game changer. Massive increase in cash flow would likely lead to a multi-fold increase in the dividend while still allowing some retention for additional capital investment.

I won't be buying more until price craters lower OR this becomes more certain though. Have been bag holding for years waiting for Kami and hoping the market gives the company credit for the massive transformation it has undergone over the past 9 years....but not much return to show for it.

cwericb

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1955
Re: ALS.TO - Altius Minerals
« Reply #7413 on: December 15, 2020, 02:55:28 PM »
Article on Seeking Alpha about Altius:

Altius Minerals Is Undervalued With Upside Optionality

https://seekingalpha.com/article/4394630-altius-minerals-is-undervalued-upside-optionality?utm_medium=email&utm_source=seeking_alpha&mail_subject=atusf-altius-minerals-is-undervalued-with-upside-optionality&utm_campaign=rta-stock-article&utm_content=link-0

I'm afraid to hope for anything positive at Kami, but that WOULD be a game changer. Massive increase in cash flow would likely lead to a multi-fold increase in the dividend while still allowing some retention for additional capital investment.

I won't be buying more until price craters lower OR this becomes more certain though. Have been bag holding for years waiting for Kami and hoping the market gives the company credit for the massive transformation it has undergone over the past 9 years....but not much return to show for it.

I share your pain :)
Politicians and diapers must be changed often, and for the same reason. - Mark Twain

nostradamus

  • Sr. Member
  • ****
  • Posts: 279
Re: ALS.TO - Altius Minerals
« Reply #7414 on: December 22, 2020, 06:08:06 AM »
First copper cathode produced at gunnison (on which ALS has a 1.625% gross sales royality):

https://www.excelsiormining.com/news/news-2020/xcelsioriningroducesirstopperathode20201221

First copper sales expected in Jan.

reader

  • Jr. Member
  • **
  • Posts: 51
Re: ALS.TO - Altius Minerals
« Reply #7415 on: December 29, 2020, 11:06:51 AM »
AbraPlata Resource Corp. live webinar
(w/ replay)
Thursday, January 7th, 4:05 PM EST


Altius Minerals 11%


https://mailchi.mp/amvestcapital.com/join-us-abraplata-resource-webinar-thurs-jan-7-405-pm-est-well-funded-silver-and-gold-exploration?e=1979b7cf7b


reader

  • Jr. Member
  • **
  • Posts: 51
Re: ALS.TO - Altius Minerals
« Reply #7416 on: January 05, 2021, 06:51:29 AM »

Altius Provides Update on Coal Litigation Hearings

Things aren't going Altius' way.

"On January 4, 2021, the Master granted the application to dismiss the Statement of Claim on a summary basis and without a trial.
Altius believes that this decision is in error and incorrectly applies the law on taking and constructive expropriation. It is entitled to a full hearing before a Justice of the Court and intends to appeal the decision to a Justice of the Court promptly."

https://altius.cmail20.com/t/ViewEmail/d/F466B86C9C65637E2540EF23F30FEDED/80294187C83511503EDEEDC46EB9B960


edit:period.

reader

  • Jr. Member
  • **
  • Posts: 51
Re: ALS.TO - Altius Minerals
« Reply #7417 on: January 11, 2021, 06:13:44 AM »

Altius Participates in Lithium Royalty Corporation Financing

More interest in Altius' assets.

https://altiusminerals.com/press-releases


"Lithium Royalty Corporation (“LRC”)
LRC, of which Altius is a 12.6% founding level investor, has agreed to a US$40 million investment by New York based private equity firm Riverstone Holdings, part of a larger US$70.7 million offering by LRC. Pursuant to this investment Altius has exercised its pro-rata equity participation right (through investments in affiliated limited partnership LRC LP I) by committing an additional US$7.6 million. Altius also continues to maintain a direct 10% co-participation right with respect to future LRC royalty level investments and a board nomination right.
Lithium Royalty Corporation was founded in May 2018 as a private royalty and streaming company focused on the lithium mining sector. It is managed through Waratah Capital Advisors Ltd. and led by CEO Ernie Ortiz. Since inception, LRC has acquired four pre-feasibility through production stage royalties including both brine and spodumene based projects that are located in Australia, Brazil and Argentina"

nostradamus

  • Sr. Member
  • ****
  • Posts: 279
Re: ALS.TO - Altius Minerals
« Reply #7418 on: January 12, 2021, 02:36:25 AM »

Altius Participates in Lithium Royalty Corporation Financing

More interest in Altius' assets.

https://altiusminerals.com/press-releases


"Lithium Royalty Corporation (“LRC”)
LRC, of which Altius is a 12.6% founding level investor, has agreed to a US$40 million investment by New York based private equity firm Riverstone Holdings, part of a larger US$70.7 million offering by LRC. Pursuant to this investment Altius has exercised its pro-rata equity participation right (through investments in affiliated limited partnership LRC LP I) by committing an additional US$7.6 million. Altius also continues to maintain a direct 10% co-participation right with respect to future LRC royalty level investments and a board nomination right.
Lithium Royalty Corporation was founded in May 2018 as a private royalty and streaming company focused on the lithium mining sector. It is managed through Waratah Capital Advisors Ltd. and led by CEO Ernie Ortiz. Since inception, LRC has acquired four pre-feasibility through production stage royalties including both brine and spodumene based projects that are located in Australia, Brazil and Argentina"

I'm probably being a bit dumb, but is it possible to work out from this transaction what is the implied valuation of Lithium Royalty Corporation?

reader

  • Jr. Member
  • **
  • Posts: 51
Re: ALS.TO - Altius Minerals
« Reply #7419 on: January 12, 2021, 04:17:08 AM »

I don't think we have enough info to get LRC's valuation.
I'd asked for the latest presentation on LRC's site but it looks outdated
so we'll see.

 https://lithiumroyaltycorp.com/