Author Topic: ALS.TO - Altius Minerals  (Read 2072954 times)

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #300 on: August 22, 2011, 07:26:54 AM »
Royal Gold hit another 52 week high today....$72...making Altius' stake in the company now worth $38.1 million...the $38 million is all  profit from the IRC deal.

hopefully the management is doing what they do best in this latest downturn...

they are trading for less than cash. crazy times.

Dazel.


jjsto

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Re: ALS.TO - Altius Minerals
« Reply #301 on: August 22, 2011, 07:52:03 AM »
Crazy times indeed:

Altius Market cap: $300m

Cash: $190m
Alderon shares : $100m
Royal Gold shares: $38m

Total: $328m

Everything else: $-28m

It seems like the market is pricing Altius as if its stake in Alderon was going to zero.  Meanwhile it prices Alderon as if development will continue.  Something has to give...

bathtime

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Re: ALS.TO - Altius Minerals
« Reply #302 on: August 24, 2011, 08:11:55 AM »
Can you confirm whether my numbers are correct and if the Altius share count is fully diluted? Does the $190m in cash include the Cranberry Capital joint investment? Thanks!

Altius shares outstanding: 28,815,895.

In addition to cash Altius owns:

32,285,006 Alderon shares.

529,297 Royal Gold shares.





« Last Edit: August 24, 2011, 09:03:46 AM by bathtime »

beerbaron

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Re: ALS.TO - Altius Minerals
« Reply #303 on: August 24, 2011, 09:40:57 AM »
Crazy times indeed:

Altius Market cap: $300m

Cash: $190m
Alderon shares : $100m
Royal Gold shares: $38m

Total: $328m

Everything else: $-28m

It seems like the market is pricing Altius as if its stake in Alderon was going to zero.  Meanwhile it prices Alderon as if development will continue.  Something has to give...

What I like is we get Voisey Bay royalty for free. This somewhere between 75-100M worth.

I'm curoius to see what they can recuperate from the refinery project... 5-10M?


Liberty

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Re: ALS.TO - Altius Minerals
« Reply #304 on: August 28, 2011, 11:05:13 AM »
It seems like I've been waiting for the ALS 2011 Annual report forever..

http://www.altiusminerals.com/annual.php

Anyone has any idea when it is supposed to come out?

JAllen

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Re: ALS.TO - Altius Minerals
« Reply #305 on: August 28, 2011, 11:43:29 AM »
I emailed someone there and he said that it would be mailed the last week of September. 

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #306 on: August 28, 2011, 02:32:31 PM »
I emailed someone there and he said that it would be mailed the last week of September.

Thanks. I wrote them a while ago but never heard back.

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #307 on: August 28, 2011, 02:49:46 PM »
there is a write up on Value Investor Club

http://valueinvestorsclub.com/value2/Idea/ViewIdea/54912

Values ALS at $14-15

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #308 on: August 31, 2011, 01:05:37 PM »
Over 100k shares traded today. Wonder if there was a news item that hasn't hit the wires I monitor yet.. Anyone has seen anything? Could be just a random fluctuation in the spatio-temporal-continuum, though  ;)

Williams406

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Re: ALS.TO - Altius Minerals
« Reply #309 on: August 31, 2011, 02:05:27 PM »
No news that I see, though Alderon up about 10%. Not that the two securities trade in sync all that much...