Author Topic: ALS.TO - Altius Minerals  (Read 2072943 times)

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #510 on: February 13, 2012, 07:20:01 PM »

Remember that Altius could own a real nice chunk of century iron ore!

http://altiusminerals.com/labrador_trough_iron_ore.php

Disclosure: we own Altius minerals and Alderon shares....we do not own Centruy iron ore

Dazel

I can't quite remember where I saw that, but the "bonus shares" that they mention altius getting if certain targets are met or exceeded, if I remember correctly thats quite a lot of shares (if anyone remember where that info was published, I'd appreciate the pointer). This could be a nice double whammy if Century hits jackpot, because Altius has a sliding royalty of 1-4%, and on top of that they could be getting more than the base 5 million shares of Century.
« Last Edit: February 13, 2012, 07:39:07 PM by Liberty »


Dazel

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Re: ALS.TO - Altius Minerals
« Reply #511 on: February 14, 2012, 04:05:32 AM »


Liberty,

It is on this thread...forgive me for not finding it...time better spent on the beach..I am in Aruba!

Dazel.

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #512 on: February 14, 2012, 05:35:22 AM »
thanks for the update fellas

abyli

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Re: ALS.TO - Altius Minerals
« Reply #513 on: February 14, 2012, 06:02:07 AM »
Quote
I can't quite remember where I saw that, but the "bonus shares" that they mention altius getting if certain targets are met or exceeded, if I remember correctly thats quite a lot of shares (if anyone remember where that info was published, I'd appreciate the pointer). This could be a nice double whammy if Century hits jackpot, because Altius has a sliding royalty of 1-4%, and on top of that they could be getting more than the base 5 million shares of Century.

http://www.benzinga.com/pressreleases/11/11/m2118105/century-iron-mines-announces-update-on-its-acquisition-from-altius-mine

Based on the foregoing, pursuant to the terms of the Principal Agreement and assuming the achievement of the NI 43-101 Milestones, Altius could own up to an aggregate of 40,000,000 common shares of the Company representing approximately 43.08% of the currently issued and outstanding common shares of the Company or 30.11% of the issued and outstanding common shares of the Company on a post transaction basis assuming no other shares of the Company are issued.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #514 on: February 14, 2012, 07:02:55 AM »
Thanks Abily. I knew it was something huge like that. How realistic that amount is depends on what the conditions to getting it are, though, but Altius has been known to under-promise and over-deliver, so we'll see.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #515 on: February 14, 2012, 08:10:44 AM »
Wow, very high volume on Alderon. I wonder if it's the Sept-iles announcement that is making people that excited.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #516 on: February 15, 2012, 04:29:33 AM »
http://www.marketwire.com/press-release/century-iron-mines-altius-minerals-announce-completion-acquisition-century-altius-labrador-tsx-fer-1589894.htm


More commentary from the old release....for those that have not been watching this board...Wisco is the majority owner of Century iron ore... Wisco financed TC1...and made a fortune...They have to be looking at TC2...they are already partners with Altius at Century. For a quiet year it seems the Altius team has been literally moving mountains.
TC1-Thompson consolidated iron
TC2-Alderon Iron mines

Dazel

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #517 on: February 15, 2012, 04:40:22 AM »

We will post what our updated value of Altius is soon..when I get back from Aruba...but it sure is not in the teens....they have created a lot of value in the last couple of years. Remember these properties were staked in 2003. Not unlike what happened at Fortescue. We see Altius as the Leucadia of that deal. No risk of loss of capital. Whoever can make these properties producers will become the home run hitter aka Andrew Forrest and Wisco... we will get Leucadia type returns.

But the difference is Leucadia put up $400 million...Dalton and his team have used their brain, hard work and very little capital...so their return in our opinion is a grand slam! Our kind of people.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #518 on: February 16, 2012, 05:33:42 AM »
http://finance.yahoo.com/news/Cliffs-Natural-Resources-Inc-prnews-474293466.html?x=0

Cliffs year was highlighted by "the transformational acquisition of Thompson Consolidated"  or TC1.

Who will be transformed by TC2?

Dazel.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #519 on: February 16, 2012, 06:57:35 AM »
http://www.alderonironore.com/_resources/news/2012-02-16-NewsRelease.pdf

Alderon Continues to Receive Positive Drill Results in Preparation for Feasibility Study