ALS.TO - Altius Minerals

[Dazel]

Glenn,

What in play means to us is an unsolicited bid...we agree with all that Altius is in the sweet spot..we also agree that 50 to 60 % is low....however, if you have a hedge fund come in that has a low average cost 50 to 60% return is pretty damn good.

Remember Altius did the exact same thing to Irc shareholders...they wanted a deal and got it done they owned 10% of IRC and made 80%... had they held they would have made a lot more...but they wanted the money...

We are not saying that the same thing will happen here but the shares are so undervalued that we could see the same scenario playing out. We only used Royal Gold as an example of what Altius assets are worth to someone else....the market does not see this..but other royalty companies will as Altius did with International Royalty Corp.

We do not see management happy with any of what we have said....but we are in a market and undervalued Assets draw the attention of other businesses....that is all I am saying...it can only go on so long before someone realizes it would cost more than double and many years to re create it...when it can be bought over a couple of phone calls.



Dazel.

Dazel

[GlennAS]

Aah. Thanks for the clarification re: "in play".

A quick follow-up. Do you know how tightly held the stock is? Does Dalton and team have enough support from a majority of shareholders in your opinion to block an unfriendly takeover attempt?

TIA.

glenn

[Liberty]

One thing I find strange is that we haven't gotten reports that Altius has been buying back shares in a while. The last time they did, last year (iirc), they filed every few days and it popped up on CanadianInsider. But lately, nothing, despite them putting the buybacks in third party hands to avoid conflicts with material info.

I hope they are buying as much as possible and we're just not seeing the reports filed as quickly as before...

[beerbaron]

Anybody considering Alderon shares for arbitrage? Soon the Hebei money will come trough at 3.42$/shares, each of these dollars will be added in the treasury of Alderon. So if each of the 100M shares are currently worth 2.23$ and Hebei adds another 25M shares at 3.42$/share that bring the value of Alderon to (100*2.23 + 25*3.42)/125=2.46$.

A nice 10% arbitrage yield.

BeerBaron

[biaggio]

One thing I find strange is that we haven't gotten reports that Altius has been buying back shares in a while. The last time they did, last year (iirc), they filed every few days and it popped up on CanadianInsider. But lately, nothing, despite them putting the buybacks in third party hands to avoid conflicts with material info.

I hope they are buying as much as possible and we're just not seeing the reports filed as quickly as before...

Have wondered that myself especially with recent price weakness.

Because a 3rd party is purchasing would it show up in Canadian insider

[Liberty]

Have wondered that myself especially with recent price weakness.

Because a 3rd party is purchasing would it show up in Canadian insider

There's one showing for June 12:

http://canadianinsider.com/node/7?menu_tickersearch=als

I would assume they still have to file even if it's a third party, since it's still for them, even if indirectly. But I don't know the specifics of those regulations. If anyone knows, I'd love to learn how this works.

[Liberty]

http://altiusminerals.com/press-releases/view/261

ALTIUS MINERALS CORPORATION (TSX:ALS) ANNOUNCES STRATEGIC ALLIANCE WITH VIRGINIA MINES INC. Altius and Virginia to jointly undertake grass roots exploration in Quebec and Labrador

St. John’s - Altius Minerals Corporation (“Altius”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Virginia Mines Inc. (TSX:VGQ) ("Virginia") whereby Altius and Virginia will cooperate to explore for base metals and precious metals on the North Shore area of Quebec and in southern Labrador .

This strategic alliance merges two project generation teams that have exhibited excellent track records of exploration success and also in attracting strong partners to their respective home jurisdictions in eastern Canada. Altius and Virginia will share their collective experience and databases, co-fund early stage exploration programs, and jointly seek partners for any new projects that are created in eastern Quebec and southern Labrador. Target evaluation is underway and an initial reconnaissance field campaign is being planned for the upcoming field season. Altius will be the operator during the first year.

[bathtime]

The Virginia Mines version of the PR gives a dollar figure on the budget for the strategic alliance - $600k for 2012.

[jjsto]

more buybacks:

http://canadianinsider.com/node/7?menu_tickersearch=als

[Liberty]

more buybacks:

http://canadianinsider.com/node/7?menu_tickersearch=als

It looks like they are now reporting them once a month because of their new third party setup.