Author Topic: ALS.TO - Altius Minerals  (Read 1953638 times)

alertmeipp

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Re: ALS.TO - Altius Minerals
« Reply #550 on: March 21, 2012, 06:54:15 PM »
Don't you think they are sitting on too much cash? Do they need the cash for some sort of cap exp? or they are waiting for deals?


Liberty

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Re: ALS.TO - Altius Minerals
« Reply #551 on: March 21, 2012, 07:01:41 PM »
Don't you think they are sitting on too much cash? Do they need the cash for some sort of cap exp? or they are waiting for deals?

They spend very little and that's pretty much covered by their Voisey's Bay royalty anyway. They are sitting on the cash waiting for opportunities to deploy it when conditions are right, as they've done in the past. Note that the cash is self-generated and not raised from the equity market or debt..

alertmeipp

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Re: ALS.TO - Altius Minerals
« Reply #552 on: March 21, 2012, 07:06:53 PM »
did they deploy any during last Oct - Dec?

I don't think they did, I see some buybacks but very light, probably constrained by the volume.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #553 on: March 21, 2012, 07:43:27 PM »
did they deploy any during last Oct - Dec?

I don't think they did, I see some buybacks but very light, probably constrained by the volume.

Buybacks are indeed limited by volume.

I think they probably did deploy some cash during the last period of volatility (probably some via the partnership with Paul Van Eeden), but I have no idea where yet. They haven't disclosed anything so far, but they were pretty gung ho about it:

http://www.mineweb.com/mineweb/view/mineweb/en/page66?oid=133091&sn=Detail
« Last Edit: March 21, 2012, 07:45:30 PM by Liberty »

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #554 on: March 22, 2012, 06:13:51 AM »
Don t mind the large cash position at all.

In fact it gives me confidence in the underlying value.

Someone made point with RIM-they made all this profit + cash but when you looked at the balance sheet there was not a lot of cash there. 

For me a lot of cash=safety and hedges the risk of there other assets (if economy does well, get asset reflation, price of iron stays or goes up resulting in Alderon doing real well VS downturn, asset deflation/economic turmoil will allow ALS to pick up bargains with their cash balance)

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #555 on: March 22, 2012, 04:55:56 PM »
http://finance.yahoo.com/news/paladin-energy-ltd-labrador-inuit-124401378.html


Sure would be nice to get the royalty at Aurora producing as well...Paladin seems pretty excited about it.

Dazel

alertmeipp

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Re: ALS.TO - Altius Minerals
« Reply #556 on: March 23, 2012, 07:55:14 PM »
I bot some more, it's one of those companies that u can just buy and forget about it.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #557 on: March 27, 2012, 04:54:20 AM »
http://www.mbironoreindex.com/


For all the noise about China...iron ore prices are solid... they are back close to $150....remember the Australian mining tax coming up will help Altius and Alderon...it evens the playing field a little with the geographic location advantage that Aussie miners have with china....Alderon' bankable feasibility study will extremely good at these iron ore prices.

Dazel.

valueinvesting101

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Re: ALS.TO - Altius Minerals
« Reply #558 on: March 27, 2012, 06:05:52 AM »

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #559 on: March 27, 2012, 03:11:25 PM »
http://www.reuters.com/article/2012/03/27/mining-summit-franco-nevada-idUSL2E8ERXIF20120327?feedType=RSS&feedName=marketsNews&rpc=43


Altius getting active? Hopefully....I would like to see them do a couple of deals...another irc type deal would be nice while we wait for Alderon and aurora.

Dazel.