Gamecock-YT Posted May 11, 2015 Share Posted May 11, 2015 Buying back shares? Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 11, 2015 Share Posted May 11, 2015 Buying back shares? I doubt this is it - they're limited to how much of the average daily volume they can purchase over a period of time. The volumes have been way higher than what they'd be allowed to purchase. Edit: http://www.juniorminingnetwork.com/junior-miner-news/press-releases/768-tsx/als/6905-altius-confirms-no-material-change.html#.VVDQ5flVhBc Looks like Altius doesn't know what's going on either. Link to comment Share on other sites More sharing options...
wachtwoord Posted May 11, 2015 Share Posted May 11, 2015 The market catching up I guess. Link to comment Share on other sites More sharing options...
EliG Posted May 11, 2015 Share Posted May 11, 2015 According to Stock Gumshoe, Dan Ferris pitched Altius in his recent Stansberry newsletter. He has done that a few times before. Altius spikes each and every time Ferris pitches it, but then it pulls back in a few days. http://www.stockgumshoe.com/2015/05/catching-up-ferris-one-company-to-buy-plus-lots-of-updates/ Link to comment Share on other sites More sharing options...
Ross812 Posted May 11, 2015 Share Posted May 11, 2015 Good catch on the Dan Ferris pitch. We have seen this story run its coarse 3 or 4 times over the passed 5 years. This is a good trading opportunity to unload some shares. Link to comment Share on other sites More sharing options...
Guest Dazel Posted May 11, 2015 Share Posted May 11, 2015 agreed this has happened before did not and have not seen the report nor do I care about it...It will be interesting to watch here as Altius is a much bigger company than before with a completely different business model. Their royalty cash flow, dividend and growth prospects will have them on institutional radar's not pump and dump penny stock newsletter's (i don't know the newsletter that was quoted above). At over a half billion market cap and continued decent volume (the last 4 months)...Altius will be included in many indexes most importantly the tsx 300, income and balanced fund eligibility are also appropriate....no one else has any growth with their income! While it is very possibly a head fake...we saw large purchases in the market today...and that has not been typical in past newsletter bumps. institutional money can only buy big blocks during these times...anyone who has ever tried to accumulate Altius shares knows this...the bid ask is all over the place in small lots. either way...don"t really care the value will be weighed. best to all! Dazel Link to comment Share on other sites More sharing options...
Williams406 Posted May 15, 2015 Share Posted May 15, 2015 Interesting that Osisko has acquired just under 10% of Labrador Iron Ore Royalty Company in 2015. I've not heard a lot from Roosen (though I didn't know any thing about him until the Virginia deal) that suggested diversifying gold exposure was a priority for Osisko. He's got the balance sheet and capital partners to make some big moves. http://finance.yahoo.com/news/osisko-reports-first-quarter-2015-113000147.html "The investment in LIORC provides diversification to gold production and is consistent with Osisko's philosophy of investing in long-life mines operated by world-class mining companies in stable jurisdictions." Link to comment Share on other sites More sharing options...
Williams406 Posted May 18, 2015 Share Posted May 18, 2015 No thoughts on Osisko buying almost 10% of Labrador Iron Ore Royalty Corp (LIORC) YTD? Maybe it isn't as interesting as I thought. A new $1.5 billion (now that's a cheeky upstart) precious metals royalty company making a sizable move in to bulk metal. Royal Gold and Franco I figured might do something to diversify further, but I didn't have Osisko pursuing this kind of strategy. I know some here don't like to speculate on possible M&A but for those that do, any thoughts? Just a we've-got-spare-cash-value investment by Osisko? Something bigger in the works? Lots of potential tie-ins to Altius: Another bigger fish that may be interested in Altius, possible partnership in re-engineering the iron ore landscape of Labrador Trough, competitor for non-PM royalty assets that Altius may be interested in, catalyst for action on the part of one of the other royalty big fish? Link to comment Share on other sites More sharing options...
nostradamus Posted May 26, 2015 Share Posted May 26, 2015 Dalton selling shares. Should we be worried? http://www.wkrb13.com/markets/614067/altius-minerals-director-sells-c1451000-00-in-stock-als/ Link to comment Share on other sites More sharing options...
hohi Posted May 26, 2015 Share Posted May 26, 2015 He's probably just prudent and takes some profit off the table to invest elsewhere. :) It is not beautiful to see, but I wouldn't make a lot out of it. Maybe he just bought himself a nice house on the beach somewhere? ;) Link to comment Share on other sites More sharing options...
matts Posted May 26, 2015 Share Posted May 26, 2015 He's probably just prudent and takes some profit off the table to invest elsewhere. :) It is not beautiful to see, but I wouldn't make a lot out of it. Maybe he just bought himself a nice house on the beach somewhere? ;) Invest elsewhere? Isn't this his main vehicle? I don't see Buffett, Malone etc selling off their babies to "invest elsewhere" (I know Malone shifts money around, but I'm not aware of him ever selling out of the "complex"). I think investors too often hand-wave away insider selling. Dalton is wealthy enough that he could easily borrow against his assets if he just needed some cash for short term needs like buying a house or car. My view is that it is more probable than not that if an owner-operator starts selling his stock, it is a view that he has found better opportunities elsewhere. Which means the stock isn't his best investment/vehicle? That would trouble me. It's not a deal-breaker, just again, people tend to hand-wave it away as "oh he's taking profit" or "maybe he needed to pay for a new sea-doo". Link to comment Share on other sites More sharing options...
wachtwoord Posted May 26, 2015 Share Posted May 26, 2015 That surely isn't positive news. Link to comment Share on other sites More sharing options...
investor-man Posted May 26, 2015 Share Posted May 26, 2015 I had it once, but I can't find it in my notes. What percent does Dalton own of ALS before this sale? Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 26, 2015 Share Posted May 26, 2015 He's probably just prudent and takes some profit off the table to invest elsewhere. :) It is not beautiful to see, but I wouldn't make a lot out of it. Maybe he just bought himself a nice house on the beach somewhere? ;) Invest elsewhere? Isn't this his main vehicle? I don't see Buffett, Malone etc selling off their babies to "invest elsewhere" (I know Malone shifts money around, but I'm not aware of him ever selling out of the "complex"). I think investors too often hand-wave away insider selling. Dalton is wealthy enough that he could easily borrow against his assets if he just needed some cash for short term needs like buying a house or car. I disagree given how conservative the company has been in encumbering its operating assets with debt and has been working to pay that debt off as soon as possible. I doubt that Dalton would encumber his shares, which represent ownership in the same underlying assets but with less flexibility to monetize, with debt if he's generally displayed concern about the debt at corporate levels. Some sells are worth paying attention to. Others aren't. It's near impossible to tell which is which until it's too late so I generally make note of the sale and ignore it unless if it holistically meshes with other factors as a warning flag. Link to comment Share on other sites More sharing options...
nostradamus Posted May 26, 2015 Share Posted May 26, 2015 The share sale certainly makes me nervous. I doubt it is meaningful, but also agree that it is impossible to be sure until it is too late. If the next piece of news out of Altius is negative, then I think I be selling my stake. But Dalton really doesn't seem like that kind of person... Link to comment Share on other sites More sharing options...
hohi Posted May 26, 2015 Share Posted May 26, 2015 I had it once, but I can't find it in my notes. What percent does Dalton own of ALS before this sale? I don't know exactly how many shares Dalton holds, but Management & Directors hold 7-8% of the company. Most of it is Brian Dalton though. Link to comment Share on other sites More sharing options...
Liberty Posted May 26, 2015 Share Posted May 26, 2015 I had it once, but I can't find it in my notes. What percent does Dalton own of ALS before this sale? I don't know exactly how many shares Dalton holds, but Management & Directors hold 7-8% of the company. Most of it is Brian Dalton though. I'm too lazy right now to dig this up, but I believe Dalton owns 4-5%. Edit: Not so lazy I guess: He owned 1,394,992 shares as of the last Management Information Circular. Link to comment Share on other sites More sharing options...
wachtwoord Posted May 26, 2015 Share Posted May 26, 2015 So he sold over 7% of his position. That is not tiny. I agree this news alone is far from enough to alter my position but it's not positive. At least he doesn't seem to believe the company is vastly undervalued and he doesn't expect anything material to happen soon. Link to comment Share on other sites More sharing options...
investor-man Posted May 26, 2015 Share Posted May 26, 2015 hmm... could mark a dilutive purchase. 7% is a decent chunk. That said it could be this: http://www.remax.nf.ca/default.aspx?Content=View_Listing&l=49262 Link to comment Share on other sites More sharing options...
Guest Dazel Posted May 27, 2015 Share Posted May 27, 2015 serval years ago...aging myself...Brian Bradstreet had to sell shares of Fairfax. There was an uproar on the board...and Sanjeev gave a reprieve..albeit non of our (shareholders) business...that unfortunately Bradstreet was going through a divorce. Dalton like Bradstreet is human and he like Bradstreet take low salaries for the benefit of shareholders. Dalton does not have a hedge fund that sucks money out of the company either (sorry Gio...could not help myself!)....I think if you dug a little you might find the same circumstances with Dalton. These two are the two best investor-business people I have come across in my investing career...their personal lives are affected by their dedication to us the shareholders...give them a break. Dazel Link to comment Share on other sites More sharing options...
Liberty Posted May 27, 2015 Share Posted May 27, 2015 serval years ago...aging myself...Brian Bradstreet had to sell shares of Fairfax. There was an uproar on the board...and Sanjeev gave a reprieve..albeit non of our (shareholders) business...that unfortunately Bradstreet was going through a divorce. Dalton like Bradstreet is human and he like Bradstreet take low salaries for the benefit of shareholders. Dalton does not have a hedge fund that sucks money out of the company either (sorry Gio...could not help myself!)....I think if you dug a little you might find the same circumstances with Dalton. These two are the two best investor-business people I have come across in my investing career...their personal lives are affected by their dedication to us the shareholders...give them a break. Dazel Dazel, there is nothing wrong with asking the question. So far, there is no answer, though, unless you are implying that Dalton is going through a divorce. We might never know, but if I was still a shareholder, it would give me pause and make me double-check my valuation. It might be true that in some cases (Bradstreet) big insider selling doesn't mean anything about the company, but it is also true that at other times it does mean something about either valuation, future prospects, etc (buying is usually less ambiguous than selling, of course). Link to comment Share on other sites More sharing options...
netnet Posted May 27, 2015 Share Posted May 27, 2015 serval years ago...aging myself...Brian Bradstreet had to sell shares of Fairfax. There was an uproar on the board...and Sanjeev gave a reprieve..albeit non of our (shareholders) business...that unfortunately Bradstreet was going through a divorce. Dalton like Bradstreet is human and he like Bradstreet take low salaries for the benefit of shareholders. Dalton does not have a hedge fund that sucks money out of the company either (sorry Gio...could not help myself!)....I think if you dug a little you might find the same circumstances with Dalton. These two are the two best investor-business people I have come across in my investing career...their personal lives are affected by their dedication to us the shareholders...give them a break. Dazel Dazel, apt as always. I would add that Dalton is also one of the most shareholder friendly investor-business people. Nevertheless, it does give me pause. We just got in a rather large chunk of money versus the overall portfolio and I have to stop and wonder if putting more in Altius is wise. (I think it is, but this is making pulling the trigger more difficult.) Link to comment Share on other sites More sharing options...
Guest Dazel Posted May 27, 2015 Share Posted May 27, 2015 You should all always evaluate your holdings....and Liberty you are correct unless of course you have done your scuttlebutt. So you are all smart enough that eventually you will come around to my conclusion...Dalton is divorced with two kids and is getting remarried. i don't know what you all make here...but $200k after tax with that situation ....is not much. I would be surprised not to see him sell more...Cummings and Steinberg sold Leucadia shares all the time and the paid large special dividends to eat. Link to comment Share on other sites More sharing options...
netnet Posted May 28, 2015 Share Posted May 28, 2015 So you are all smart enough that eventually you will come around to my conclusion... LOL you sound like Munger here. Link to comment Share on other sites More sharing options...
Guest Dazel Posted May 28, 2015 Share Posted May 28, 2015 LOL...i wondered if you would catch that! Link to comment Share on other sites More sharing options...
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