It's a value trap,
#1. And #2. We do our own work....I had no comment on the Dundee piece on Alderon....they are hardly bearish with a target price of $6...but the information posted is for people to make their own opinion...(grandich) we take newsletter writers and analysts with a grain of salt. We like facts to make our own decisions...unfortunately there is not a lot of information on companies like Altius or their assets so we are trying pass on information that's all.
In fairness a lot of the negativity in the industry has been related to short selling...Some of it warranted some of it not...either way it is hype....the investor has to be able to sort through the bullshit and make a decision for themselves. Compared to to he absolute travesty of analyst pushing the "Groupons of the world"....Morgan Stanley et all....the entire junior mining market would have been lost in the $8 billion market cap evaporated by the Groupon scam! Sorry you have me ranting.
Back to the point....
So in this case what is the Alderon assets worth and how much is the royalty worth to Altius. That is
all we care about. My next post is fact....a takeover offer rejected from steel producers...that is what we like...what are the assets worth to a business...not newsletter, analysts, hedge funds...Posco
owned by Warren Buffett has made the offer....that gives a barometer of what we think The Alderon
asset and subsequent Altius royalty is worth now and what it will be worth as a producer. Hope that helps.
Dazel.
