ALS.TO - Altius Minerals

[Williams406]

TwoCitiesCapital,

I tuned in to the earnings call yesterday and about half of the investor day call today (first half with Cataford) and didn't pick up on anything warranting a big sell off. Not sure I'd attribute the price movement to any revelation of fundamental deterioration. Same basic story long-term shareholders are familiar with. Maybe someone was looking for a positive surprise and didn't get it. Maybe someone wanted cable exposure and thought Altius was Altice and realized their mistake. Maybe someone saw a whale dumping shares at $17.50 and got scared?

[Gamecock-YT]

I did somewhat expect a dividend hike given the other big miners had increases, sounds like they are reviewing their capital planning this quarter and have an update for next quarter.

[TwoCitiesCapital]

20 hours ago, Williams406 said:

TwoCitiesCapital,

I tuned in to the earnings call yesterday and about half of the investor day call today (first half with Cataford) and didn't pick up on anything warranting a big sell off. Not sure I'd attribute the price movement to any revelation of fundamental deterioration. Same basic story long-term shareholders are familiar with. Maybe someone was looking for a positive surprise and didn't get it. Maybe someone wanted cable exposure and thought Altius was Altice and realized their mistake. Maybe someone saw a whale dumping shares at $17.50 and got scared?

Definitely lol'd at your whale comment. 

I sold like 5% of my position and own less than 10k shares. Not a whale, I assure you

[nostradamus]

This 9 days old, but I had missed it so maybe other followers did too. (I'm really missing linealdin on this board to spot and analyse such things. I hope he stayed invested to reap some of upside we are currently getting...)

N.

Chesterfield to acquire substantial copper project in Canada

Chesterfield Resources is pleased to announce that it is to acquire a belt scale copper exploration project, called Adeline, in the highly-rated Labrador region of eastern Canada. The project is close to the regional service hub of Goose Bay, and in range of major road and rail infrastructure to the coast. The vendor, Altius Minerals Corporation (together with its affiliates "Altius") TSX: ALS, will become a strategic partner and help manage the project.

·    Chesterfield to acquire 100% of a globally significant copper exploration project, covering an entire geological basin nearly 40km long, that hosts over 200 known copper occurrences.

·    Previous prospecting and drilling on the site has encountered high-grade copper-silver mineralisation. Potential for world class discoveries. 

·    Labrador ranked as one of the top ten mining destinations in the world by the Fraser Institute, and is host to several major mines.

·    Acquisition is via an all-share deal. The vendor, Altius, will be issued 10% of Chesterfield's stock as payment for the project, with an option to purchase a further 10% via a three-year warrant exercisable at 20p. Altius is also entitled to a 1.6% gross sales royalty. Low project expenditure obligations for Chesterfield.

·    Altius will become a strategic shareholder and will help design and manage initial exploration operations in Labrador on behalf of Chesterfield.

https://polaris.brighterir.com/public/chesterfield_resources_plc/news/rns/story/xj3ml7w

[Gamecock-YT]

Hits on some of the topics that they discussed on the investor day presentation but nice to have someone asking questions to expand on some topics.