ALS.TO - Altius Minerals

[Liberty]

Pretty unsignificant buyback tough. 200k$ compared with 330M Market cap.

BeerBaron

Indeed, but daily volume is very low and Altius is limited to buying only 9.2K shares per day as per their buyback program.

I wish it was more, but as long as they opportunistically deploy capital well, even small sums, I'm happy.

[Liberty]

Anyone knows when the annual report is coming out this year? It was around this time last year, but I couldn't find any info about it..

[moore_capital54]

I think July 14, 2011.

Big fan of Mr. Dalton and Altius.

[Liberty]

Thanks, I'll add that to my calendar!

[Dazel]

http://www.bloomberg.com/news/2011-07-03/china-metal-acquisition-binge-led-by-australian-rhodes-scholar.html

interesting article...As Alderon ramps up things could get interesting...I like that he is looking at North America as well.

Dazel.

[moore_capital54]

Dazel, Canada is becoming an important supplier of iron ore for the emerging nations. This bodes well for the Canadian Iron Ore co's such as Alderon, Champion, Advanced Explorations, Adriana, and New Millenium.

[Liberty]

What I'm more curious about in the mid-term is to see if Altius will be as successful outside of Newfoundland-Labrador. If they can transition their expertise to other hunting grounds, I'll be very happy.

[goldfinger]

What I'm more curious about in the mid-term is to see if Altius will be as successful outside of Newfoundland-Labrador. If they can transition their expertise to other hunting grounds, I'll be very happy.

I concur

[Dazel]

I do not think  you will see them outside their sweet spot for awhile...I would be very disapointed to see them waste much time outside their current projects unless they were able to buy royalties at a good price. We would rather see a large scale buyback.
They have the largest area of staked mineral rights in all of Newfoundland Labrador...they know the government and they have proven success time and again. it looks like they could pull out $400m plus from Alderon over the medium term...ownership stake and Royalty...if the drilling continues to be successful. This is on a $2m investment!
They have another iron ore project down the road!!!! What will it be worth by the time they are done? We think mr.market has lost his marbles here!

disclosure we continue to buy....we just do not see anything as cheap.
Dazel.

[moore_capital54]

The one thing that worries me about Alderon is the rail capacity, other than that I agree with you on Altius.