Author Topic: ALS.TO - Altius Minerals  (Read 2069724 times)

hohi

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Re: ALS.TO - Altius Minerals
« Reply #730 on: July 14, 2012, 01:21:30 PM »
Hey guys!

I am new to this board - although I was reading as a guest for some month now. I finally decided to join your greatly appreciated discussion!

Personally I love ALS and am very comfortable that it represents about 12% of my portfolio right now. In fact I am planning to accumulate more as these price levels represent a great opportunity to buy quality with upside (I estimate fair value at about 21$ / share) and very, very limited downside.

Doing my DD I created a Fact Sheet (A3-format) which I updated today. So as my first contribution to this board I uploaded it and maybe someone of you will find some value in it. I would love to hear some corrections or some missing facts that are important.

Anyway here is the link
http://ihre-hoheit.de/2012_07_13_DD_ALS_%28A3%29.pdf

Best regards from germany,
hohi
Cheers,
hohi.

current resource positions: ALS.TO  //  NILSY  //  IVN.TO   //   DPM.TO   //   GAZ


beerbaron

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Re: ALS.TO - Altius Minerals
« Reply #731 on: July 15, 2012, 02:41:53 PM »
Hey guys!

I am new to this board - although I was reading as a guest for some month now. I finally decided to join your greatly appreciated discussion!

Personally I love ALS and am very comfortable that it represents about 12% of my portfolio right now. In fact I am planning to accumulate more as these price levels represent a great opportunity to buy quality with upside (I estimate fair value at about 21$ / share) and very, very limited downside.

Doing my DD I created a Fact Sheet (A3-format) which I updated today. So as my first contribution to this board I uploaded it and maybe someone of you will find some value in it. I would love to hear some corrections or some missing facts that are important.

Anyway here is the link
http://ihre-hoheit.de/2012_07_13_DD_ALS_%28A3%29.pdf

Best regards from germany,
hohi

Lots of work in there! Thanks it's a great 1 pager.

BeerBaron

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #732 on: July 16, 2012, 06:22:10 AM »
http://www.alderonironore.com/_resources/news/2012-07-16-NewsRelease.pdf

Quote
Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) ("Alderon" or the “Company”) is pleased to
announce that it has signed an agreement (the “Port Agreement”) with the Sept-Îles Port Authority (the
“Port”) to ship up to 8 million metric tonnes of iron ore annually via the new multi-user deep water dock
facility that the Port is constructing (see Alderon press release dated February 14, 2012).

“We are extremely pleased to have concluded this port agreement, which represents another significant
milestone in the development of our Kami Iron Ore Project,” says Tayfun Eldem, President and CEO of
Alderon. “This agreement provides Alderon with confirmed access to the international iron ore markets
and substantially de-risks the Kami Project.”

Port Agreement Details

Pursuant to the Port Agreement, Alderon has reserved an annual capacity of 8 million metric tonnes of
iron ore that it can ship through the Port. In order to finance the estimated $220 million cost of the new
multi-user dock facility, the Port required binding commitments from the potential end-users to provide a
portion of the necessary funds. This buy-in payment will constitute an advance on  Alderon’s future
shipping fees (wharfage and equipment fees) and, as a result, Alderon will receive a discount on its
shipping fees until the full amount of the buy-in payment has been repaid through the discount.
Based on its reserved annual capacity, Alderon’s buy-in payment is $20.46 million, payable in two
installments of $10.23 million each. The first installment of $10.23 million was paid upon signing of the
Port Agreement and the second payment of $10.23 million is due no later than July 1, 2013. As security
for the second payment, Alderon is required to provide an irrevocable guarantee of equivalent value.
The Port Agreement includes a base fee schedule regarding wharfage and equipment fees for iron ore
loading for  Alderon’s  shipping operations. The rates commence in 2014 and are on a sliding scale
based on the volume of iron ore that is shipped. The term of the agreement is for 20 years from the
execution date, with the option to renew for further five year terms, to a maximum of four renewals.
Bridge Financing Details

Liberty Metals  & Mining Holdings, LLC (“LMM”), a subsidiary of Liberty Mutual Insurance, one of
Alderon’s strategic investment partners,  provided a bridge loan to Alderon in the amount of $10.5
million in order for Alderon to make the first instalment payment and has agreed to provide a further
$10.5 million, if necessary, in order for Alderon to obtain the  guarantee  required  for the second
installment. The intention is that the loan will be a short term bridge loan that will be repaid from the
funds of the Hebei Iron & Steel Group (“Hebei”) transaction after it closes.

The maturity date of the bridge loan is September 30, 2012; however, Alderon has the ability to extend
the maturity date to March 31, 2014. In the event of such extension, the loan becomes convertible at
LMM’s option into Alderon common shares at a conversion price equal to the volume weighted average
trading price of Alderon’s common shares on the Toronto Stock Exchange for the five days prior to the
date that LMM delivers a conversion notice.

The loan is secured with a mortgage over the Kami property and bears interest at a rate of 8% per
annum, calculated and payable on September 30, 2012. In the event the Company exercises its option to extend the maturity date, the interest rate will increase to 9.5% per annum beginning on October 1,
2012.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #733 on: July 22, 2012, 10:32:05 AM »
http://www.todayonline.com/World/EDC120722-0000013/China-in-talks-to-build-UK-nuclear-power-plants


Uranium market is looking up...Altius will benefit from this trend...in 2013 the us-Russia nuclear agreement ends...this is the majority up uranium supply that will be curtailed...

Dazel

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #734 on: July 22, 2012, 10:52:22 AM »
http://www.infowars.com/obama-declares-emergency-over-russian-enriched-uranium/


This was the cheap supply of uranium....the dynamics of the uranium market will change when Russia starts to charge market prices for the recycled uranium.

Dazel

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #735 on: July 23, 2012, 03:49:59 AM »
http://finance.yahoo.com/news/cnooc-buy-canadas-nexen-15-102338784.html


One of many deals today....but this big one shows more of a continuing trend of companies from china investing in Canadian firms...the deals will continue..

Dazel.

Liberty

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Dazel

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Re: ALS.TO - Altius Minerals
« Reply #737 on: July 25, 2012, 04:54:12 AM »


Eric Sprott has said that 9 of the companies they own have had take over offers on average 40% premiums and for cash in the last 4 months.

He says china is buying up resources where they can.

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #738 on: July 29, 2012, 09:41:38 AM »
http://finance.fortune.cnn.com/2012/07/12/our-planet-will-truly-be-toast/


Don't let the title scare you.....Jeremy Grantham speech on why he thinks people can't afford to miss the opportunity in commodities...

Dazel.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #739 on: July 30, 2012, 03:50:03 AM »
http://finance.ninemsn.com.au/newscolumnists/greg/8507872/uranium-price-upside-ahead


Some positive feedback on the uranium price and Paladin energy...which bodes well for the Michelin project and obviously Altius.


Dazel.