Author Topic: ALS.TO - Altius Minerals  (Read 1784121 times)

hohi

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Re: ALS.TO - Altius Minerals
« Reply #880 on: November 01, 2012, 05:14:35 AM »
Rick Rule also happens to be one of the smartest Investors in the Sector. And he also happens to own a lot of Altius. And he also happens to love Altius' Management. That let's me sleep even better at night...

Cheers.
Cheers,
hohi.

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


nostradamus

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Re: ALS.TO - Altius Minerals
« Reply #881 on: November 01, 2012, 05:23:28 AM »
http://www.vocm.com/newsarticle.asp?mn=2&id=27964&latest=1

Shareholders in one of the province's most successful companies were told at their annual meeting yesterday that the company is expanding into South America.
Altius Minerals of St. John's is in a strong financial position with approximately 162-million dollars in cash and nearly 300-million dollars in total assets.
It's their 15th anniversary, and president and CEO Brian Dalton told shareholders the company will be expanding its operations into Chile. He says they have a deal with Zeus Capital of Santiago, and plan to do business in a big way.
Dalton says they are also still focused on Newfoundland and Labrador, especially the Julienne Lake iron ore deposit. Altius controls the extensions of that deposit.
Altius has eleven active mineral exploration partnerships, many of them with some of the major players in the mining industry.


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #882 on: November 05, 2012, 12:48:02 PM »
http://canadianinsider.com/node/7?ticker=ALS

Share count continues to come down...Great buybacks at these prices...


Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #883 on: November 07, 2012, 05:25:53 AM »
http://www.theglobeandmail.com/globe-investor/franco-nevada-to-buy-weyburn-oil-stake-for-400-million/article5008775/


Royalty companies will go where the value of cash streams are...Franco touted as a precious metals royalty shows here that they will buy where there is value.

That is why we continue to think Altius and it's assets are attractive to all royalty companies precious metals or not. When cash is cheap for some companies (royalty) they will spend it on assets that trade at discounts...as they should.

Dazel.

Dazel

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hohi

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Re: ALS.TO - Altius Minerals
« Reply #885 on: November 12, 2012, 12:07:20 PM »
Soon the deadline for Julienne Lake development proposals is over. I know that Altius wanted to bid (together with a partner) as they own the property with the deposits extensions. Could  bring a positive surprise if we are successful with our bid. That deposits hosts 1 Bt+ @ 34% Fe + everything we own in the extension...

Further info can be found here:
http://www.nr.gov.nl.ca/nr/mines/Julienne/index.html

cheers
Cheers,
hohi.

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

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #886 on: November 13, 2012, 06:06:18 PM »
http://beforeitsnews.com/press-releases/2012/11/century-iron-mines-announces-filing-of-second-fiscal-quarter-financial-results-reporting-a-gain-of-approximately-53-5-million-on-deemed-disposal-of-a-subsidiary-2608764.html


Century has booked a $53m gain on a sale of a subsidiary...in the release above they say they have sold 80% of the Astray property they acquired from Altius. Allthough they claim 100% ownership they have not acquired the asset yet because they have not spent the $7m on exploration... So technically, Altius still owns it...there has to be some sort of negotiation going on...we think....

We will look into it... For two reasons obviously, Altius' end and what the $53m gain is from...it would put a figure on Altius project values...certainly the $53 m cannot be from the one Astray property.

Dazel.

nostradamus

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Re: ALS.TO - Altius Minerals
« Reply #887 on: November 15, 2012, 04:57:57 AM »
Any views from the board on whether the following news is a net positive or negative for the development of the Rocky Brook and Topsails uranium properties of Altius?

JNR Announces Agreement to be Acquired by Denison Mines Corp
http://www.jnrresources.com/s/NewsReleases.asp?ReportID=557372&_Type=News-Releases&_Title=JNR-Announces-Agreement-to-be-Acquired-by-Denison-Mines-Corp.

On the positive side Denison seems to have a greater capacity to fund future exploration. However, the Chairman of Denison gives the main reason for the acquisition of JNR as the advancement of its goal to become the preeminent exploration company in the Athabasca Basin (in Saskatchewan). So is there a risk that they simply mothball the Altius properties (in Newfoundland)?

N.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #888 on: November 15, 2012, 06:03:25 AM »


The fact there is some action on jnr is positive. Denison is a company in much better shape.

Commodities and any company involved in them have been hit by the fiscal cliff scare...China etc.

 Those that are smart will pick up good assets for great prices right now.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #889 on: November 15, 2012, 06:15:00 AM »
http://www.bloomberg.com/news/2012-11-14/best-metals-forecaster-smirk-sees-china-recovering-commodities.html


Interesting calls from the top metals forecaster since 1999..he called the drop in iron ore this year..he is calling for $170t by June.

Dazel.