ALS.TO - Altius Minerals

[Dazel]

sorry guys away....we were buyers yesterday....

dazel.

[tengen]

sorry guys away....we were buyers yesterday....

Same here.

[Dazel]

As we know...the market participants rarely do any homework...and in a panic everything is sold which we saw...Altius "SOLD"..."SOLD" their large Uranium deposit for a large profit $200m..but those in the market rarely care at a time of crisis. So yeah not very liquid...and a panic in company that used to hold a great deal of uranium..it was a fire sale...and still is.
we are trading at near cash levels...(assuming Alderon up 10% yesterday) is included in marketable securities..Huge amounts materials will be needed for Japan's rebuild...on top of iron ore record prices..they are in the sweet spot with Alderon..and I was impressed with their focus on their latest partnership with Cliffs..They think they have found more highly probable spots of iron ore in Labrador which already is in the view of the iron ore world...we like the opportunity.
Alderon should have their first resource estimate..in the next week or two..we expect the investor community to view this for what it is a resource company with loads of cash and no debt...they likely be viewed as an iron ore company (in the Labrador rich area) rather than it is past roots in uranium. We got crazy prices on Tuesday.

Dazel.

[Myth465]

I bought today. Figured the Uranium was the reason. Bought 25% more and may keep adding. I am simply adding to my holdings during this selloff and am buying the companies which have gone down the most.

Thats this and ATPG. Both appear to have material catalyst.

[biaggio]

I have bought as well for my tax deferred account.

I am thinking of adding some to my taxable account---I normally would like something I can hold for 10 years or so---do you guys think ALS.TO is something that could be held longterm? say over 10 years?...I am thinking that as a owner/jockey type of holding that it would be.

[Dazel]

"I have bought as well for my tax deferred account.

I am thinking of adding some to my taxable account---I normally would like something I can hold for 10 years or so---do you guys think ALS.TO is something that could be held longterm? say over 10 years?...I am thinking that as a owner/jockey type of holding that it would be."

........
If you owned for the last 10 years you would have done 32% a year...I hate to look in the rearview mirror but it is much less than half of where it was in 2007...

and you have many future catalysts...Alderon, NCLS, short term.

Dazel.

[biaggio]

Thanks Dazel.

[goldfinger]

Altius just announced a buyback program for about 5% of the company's shares. They bought back shares before at prices around 5.3 to 6$ per share. They probably believe their shares are deeply undervalued.

http://www.altiusminerals.com/files/PR0211-NCIB.pdf

[Dazel]

I have been waiting for the 43-101 resource estimate to make more comments should be soon. We have been
picking away at these levels.

Dazel.

[Mungerville]

Looks like just a standard yearly buyback program announcement. Doesn't seem to necessarily mean they will buy anything back this year only that now that they got the disclosure out of the way, they could be opportunistic at any time this year. Just seems like good standard practice and not necessarily an indication of absolute intention to buy back.

Don't get too excited.