Guest Dazel Posted January 12, 2012 Share Posted January 12, 2012 http://www.alderonironore.com/_resources/news/2012-01-12-NewsRelease.pdf Liberty, If you read more into it...alder on has brought on a specific shareholder with deep pockets....likely with an eye for The future. With in the agreement Liberty llc (is this your hold co.!)...has first option on any other financing and alder on has the right to purchase or to find a purchaser of any shares Liberty wants to sell. They have secured a Long term partner....not speculators. I agree $2.67 is low but it looks like the right color of money. Dazel. Link to comment Share on other sites More sharing options...
value-is-what-you-get Posted January 12, 2012 Share Posted January 12, 2012 http://www.indexmundi.com/commodities/?commodity=iron-ore&months=240 Question: If iron ore prices collapses from here, how should one think about where the downside is? from the Alderon site: •Total operating cost (excluding royalties) of US$44.87/tonne concentrate (averaged over the life of mine) Now this doesn't include amortizing about $67 million a year for the initial Capital expense of the concentrator etc which adds about $8.38/tonne so that brings it up to $53.25/tonne - call it $60 / tonne to justify operating for Alderon. This is all based on stated run rate of 8 million tonnes a year for 15 years. Link to comment Share on other sites More sharing options...
Liberty Posted January 12, 2012 Share Posted January 12, 2012 http://www.alderonironore.com/_resources/news/2012-01-12-NewsRelease.pdf Liberty, If you read more into it...alder on has brought on a specific shareholder with deep pockets....likely with an eye for The future. With in the agreement Liberty llc (is this your hold co.!)...has first option on any other financing and alder on has the right to purchase or to find a purchaser of any shares Liberty wants to sell. They have secured a Long term partner....not speculators. I agree $2.67 is low but it looks like the right color of money. Dazel. Ha! I wish I knew more about Liberty llc, actually. But if they are a quality partner with deep pockets (and I'm sure Alderon-Altius management would settle for nothing less), then I'm happy about it. The more people have a stake in getting Kami to production, the better. Price is based on the average over a period of time, and it could have turned out much worse if ADV hadn't climbed back up. Right now I'm more concerned about them maximizing the probability of getting Kami to commercial production than anything else. It would suck if they focused on minimizing dilution and missed a chance of going for production; winning a battle that costs you the war.. Link to comment Share on other sites More sharing options...
Liberty Posted January 12, 2012 Share Posted January 12, 2012 Some commentary about the recent developments at ADV: http://www.grandich.com/2012/01/grandich-client-alderon-iron-ore/ Link to comment Share on other sites More sharing options...
Guest Dazel Posted January 12, 2012 Share Posted January 12, 2012 Liberty LLC.....has a giant parent...I would say that financing looks good..off to the races...I was thinking Leucadia or Fairfax might be interesting partners to bring in bigger partners... not a fortune 100 company from the start. Daddy is number 82 on the list just ahead of DuPont....low interest rates are going to help a lot of different industries as insurance and mutual funds look for returns...I hope that Alderon becomes a nice bond like investment for them. It appears that Alderon is higher profile than I thought. That will give them greater bargaining power when they are Doing contracts etc...these guys are good. http://money.cnn.com/magazines/fortune/fortune500/2011/full_list/ Dazel. Link to comment Share on other sites More sharing options...
HJ Posted January 13, 2012 Share Posted January 13, 2012 Hj, http://thinkprogress.org/romm/2011/05/02/207994/grantham-must-read-time-to-wake-up-days-of-abundant-resources-and-falling-prices-are-over-forever/ Grantham comes up with a 1 in 2.2 million chance that iron ore will reverse it's trend. I like those odds.. Besides you ask what is the down side sarcastically....not much considering none of what has been discussed is in the stock price. If we were at $25 where we should be I would be worried about downside risks to the 1 in 2.2 millin chance we reverse course. So actually if we crash as you say...our downside is we pick up everything for 10 cents on the dollar with our quarter of a billion in cash. Dazel Wasn't being sarcastic at all, and wasn't saying that it necessarily will crash either. Just want to understand the circumstance under which prices would get below their production cost, since it was there not that long ago. Wondering if there's a way to see where they are on the global production cost curve vs. demand. Link to comment Share on other sites More sharing options...
Guest Dazel Posted January 13, 2012 Share Posted January 13, 2012 Hj, Fair enough....there is a reason why the price is so high...unlike copper and oil....the market is not made up of speculators...the prices I quote are negotiated and they fluctuate on buying and supply. India has put an export tariff on for a reason...the need the steel at home. China and India are the steel story it is as simple as that. If the rest of the world builds (keystone pipeline etc) than there will be less supply....if read the Grantham report...china is almost 50%. Those are not houses...they are nuclear plants, high speed rail, coal plants etc....housing uses copper not steel. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted January 17, 2012 Share Posted January 17, 2012 http://finance.yahoo.com/q?s=Pdn.to&ql=1 We had considered approaching Altius managment about taking a significant stake in Paladin Energy. We thought as we expressed here that uranium stocks were very very cheap. It would not have been that expensive to take a big enough position to have some influence on the Michelin project. They have convertibles due in 2013 and2014... So we did not pursue it...as it turns out in the short term it would have been a great investment. Uranium stocks have rebounded sharply from a terrible 2011. Altius has been associated closely with uranium because of its incredible success at Aurora. Altius' stock was hit very hard after the tsunami last year...With moratorium lifted and uranium stocks gaining favor again it is reasonable to believe they will join in this rally as they were treated like the other uranium stocks last spring. Their uranium holdings and royalty at the Michelin plant are substantial. Dazel Link to comment Share on other sites More sharing options...
Guest Dazel Posted January 17, 2012 Share Posted January 17, 2012 http://finance.yahoo.com/news/Paladin-Energy-Ltd-Quarterly-ccn-3173198448.html?x=0 Paladin highlights the moratorium lifted in Labrador and calls the michelin project "world class"...the volume in their shares was 10 times normal today on their other production success. Dazel Link to comment Share on other sites More sharing options...
Guest Dazel Posted January 18, 2012 Share Posted January 18, 2012 http://uk.reuters.com/article/2012/01/18/uk-bhp-idUKTRE80H06M20120118 BHP does not see China slowing down...they are predicting record production this year. Dazel Link to comment Share on other sites More sharing options...
Liberty Posted January 21, 2012 Share Posted January 21, 2012 http://webcasts.welcome2theshow.com/whistler2012 Audio recording of a panel with CEO of Alderon. (I haven't listened to it yet, but it should be interesting) Free reg. required. Link to comment Share on other sites More sharing options...
Liberty Posted January 27, 2012 Share Posted January 27, 2012 Plans for expansion of the Sept Iles port, mentions Alderon among others: http://www.cyberpresse.ca/le-soleil/affaires/les-regions/201201/18/01-4487192-le-port-de-sept-iles-se-nourrit-de-fer.php Looks like they want a new terminal done around 2014, which would be great timing for Alderon. Link to comment Share on other sites More sharing options...
naboo Posted January 27, 2012 Share Posted January 27, 2012 Any news from NLRC? Link to comment Share on other sites More sharing options...
Liberty Posted January 27, 2012 Share Posted January 27, 2012 Any news from NLRC? I haven't seen anything. It's probably material enough that if anything was announced ALS would do a press release. Link to comment Share on other sites More sharing options...
Liberty Posted January 27, 2012 Share Posted January 27, 2012 Audio recording of an interview with the Chairman of Alderon from last November (I don't think it was posted here yet): http://www.mining.com/2011/11/01/mining-com-podcast-canadian-iron-ore-project-advancing/ Link to comment Share on other sites More sharing options...
Guest Dazel Posted January 30, 2012 Share Posted January 30, 2012 http://resourceclips.com/2011/09/28/the-iron-hub/ Not sure if this was posted...it is from late september. Link to comment Share on other sites More sharing options...
Guest Dazel Posted February 6, 2012 Share Posted February 6, 2012 Iron ore prices at are at a 2 month high in china. Things should get very interesting for Altius. Dazel Link to comment Share on other sites More sharing options...
Zorrofan Posted February 6, 2012 Share Posted February 6, 2012 Iron ore prices at are at a 2 month high in china. Things should get very interesting for Altius. Dazel Dazel, Any idea on global stockpile levels for Iron Ore? thanks Zorro Link to comment Share on other sites More sharing options...
Guest Dazel Posted February 6, 2012 Share Posted February 6, 2012 http://www.reuters.com/article/2012/02/06/markets-ironore-idUSL4E8D600K20120206 Like with everyone else...they are waiting to see what china does...winter and Chinese new year are a large reason for the 100m tons stockpiled at their ports...but this is in the price...from what I understand. Here is what Goldman has to say. http://www.northernironcorp.com/industry_news/goldman-raise-iron-ore-price-forecasts-2012 Dazel Link to comment Share on other sites More sharing options...
Zorrofan Posted February 7, 2012 Share Posted February 7, 2012 Thanks! And thanks for all your hard work on this company. cheers Zorro Link to comment Share on other sites More sharing options...
Liberty Posted February 7, 2012 Share Posted February 7, 2012 http://www.newswire.ca/en/story/916767/kami-iron-ore-project-public-comments-invited-and-federal-funding-available Link to comment Share on other sites More sharing options...
abyli Posted February 10, 2012 Share Posted February 10, 2012 Brian Dalton - Entrepreneur of the Year 2011 - Progress Magazine http://www.altiusminerals.com/files/2011-EY-BFD-progress.pdf Link to comment Share on other sites More sharing options...
Liberty Posted February 10, 2012 Share Posted February 10, 2012 Brian Dalton - Entrepreneur of the Year 2011 - Progress Magazine http://www.altiusminerals.com/files/2011-EY-BFD-progress.pdf Nice to see him all dressed up :) thanks for posting. Link to comment Share on other sites More sharing options...
Liberty Posted February 10, 2012 Share Posted February 10, 2012 http://i.imgur.com/Tx8iF.png Are they referring to the NLRC refinery here? Seems like it, but if anyone can provide more context, I'd appreciate it. Link to comment Share on other sites More sharing options...
Guest Dazel Posted February 11, 2012 Share Posted February 11, 2012 Altius was worth a billion dollars at the time...they were likely doing listing requirements for the U.S exchange.... If they had done it... None of us value investors would ever have had a shot at buying them...we will be there for it this time after Alderon gains the attention of U.S based investors. In the article it refers to Voisey Bay....interestingly enough Robert Freidland made his fortune there...funny Steve Jobs Mentor made his billions in Newfoundland! Link to comment Share on other sites More sharing options...
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