Guest Dazel Posted October 5, 2011 Share Posted October 5, 2011 Their real average cost 0...they have received their original cost base in cash and the gain was received in shares. Bu they had to mark to market it each quarter so the share exchange was around $40...at 80 they would have doubled their winnings so to speak as I discussed earlier but it is tough to tell what other securities they own so I ma not sure what was sold... they will have to pay tax on the gains when they sell their Royal shares as if their cost base is 0 to answer your question. That is why we are so excited about his downturn as we hope to have a couple of more of these big wins! Dazel. Link to comment Share on other sites More sharing options...
Liberty Posted October 5, 2011 Share Posted October 5, 2011 Cool. Except for the taxes, that's better than I expected :) Link to comment Share on other sites More sharing options...
RolfGunderson Posted October 5, 2011 Share Posted October 5, 2011 Dazel, do you have an idea of their average cost on Royal Gold? A bit more colour: From 2010 AR (June, 2010): "The IRC Shareholder vote was held on February 16, 2010 and the results of the shareholder vote were positive. Upon court approval and closing the Corporation received $37,520,000 in cash and 529,297 shares in RG Exchange Co Inc representing estimated total proceeds of approximately $63,132,000 and recorded an estimated gain of approximately $28,413,000. The RG Exchangeable shares have all the rights of Royal Gold common shares and are convertible into Royal Gold common shares at the option of the holder." DP Link to comment Share on other sites More sharing options...
Guest Dazel Posted October 6, 2011 Share Posted October 6, 2011 http://finance.yahoo.com/news/Alderon-Reports-Results-From-iw-2522420490.html?x=0 more good news...from Alderon corp..the stock has recovered with good reason. Dazel Link to comment Share on other sites More sharing options...
Liberty Posted October 6, 2011 Share Posted October 6, 2011 http://finance.yahoo.com/news/Alderon-Reports-Results-From-iw-2522420490.html?x=0 more good news...from Alderon corp..the stock has recovered with good reason. Dazel With my limited understanding of how these things work, I'm parsing this as: They're hitting about 30% grade on all their drill holes. That seems like great news in itself, but is there something I'm missing, or is that the main takeaway here? As usual, thanks Dazel for posting this :) Link to comment Share on other sites More sharing options...
Guest Dazel Posted October 6, 2011 Share Posted October 6, 2011 http://www.mbironoreindex.com/ iron prices rose for the first time in a month! they are one of the best performing asset classes on the planet behind the $U.S dollar (which makes the iron price actually up in world currency), and U.S Treasuries. iron ore is currently Altius' largest asset....we hope to see them cash in this year...as the world takes notice. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted October 6, 2011 Share Posted October 6, 2011 Liberty, you are correct...they need to drill more holes to cover more area to take the resource from inferred to indicated...and then measured...more drill holes have to happen to make this happen...this is another step...feasibility and measured usually come around the same time...every step takes them closer to production and obviously gets the attention of the market and iron ore players...the closer they get to production the more valuable the asset. Dazel. Link to comment Share on other sites More sharing options...
shalab Posted October 9, 2011 Share Posted October 9, 2011 Reading the proxy statement, seems like a bunch of options ~350K are vesting for Dalton in 2013 through 2015. Ditto for senior managers. Also, Dalton pay went up. Link to comment Share on other sites More sharing options...
Guest Dazel Posted October 11, 2011 Share Posted October 11, 2011 http://finance.yahoo.com/news/Alderon-Commence-Trading-iw-1952305287.html?x=0 Alderon will begin trading on the tsx tomorrow. This will give them greater exposure to international and other investors that do not buy stocks on the venture exchange. Dazel. Link to comment Share on other sites More sharing options...
Liberty Posted October 13, 2011 Share Posted October 13, 2011 Anyone else having trouble finding the new TSX Alderon? I can see it in TD Waterhouse, but not in Google Finance or Yahoo Finance. I'm guessing it takes a bit of time for them to start tracking it in its new location, but maybe I'm missing something..? Link to comment Share on other sites More sharing options...
Liberty Posted October 13, 2011 Share Posted October 13, 2011 Canadian-focused Rambler Metals and Mining has announced the resignation of non-executive directors Brian Dalton and John Baker from its board. This resignation follows the sale by Altius Investments, a subsidiary of Canadian miner Altius Minerals, of its 12% interest in Rambler in January this year. Dalton is chief executive of Altius and Baker is a director. Harry Dobson, chairman of Rambler, said: 'On behalf of the senior management and the Board I would like to thank Brian and John for their efforts over the past five years and wish them every success in future endeavours. 'Their guidance and expertise in the minerals sector, particularly in Newfoundland and Labrador, has played an indispensable role in advancing the Ming Mine through the various stages of exploration and into production for the fourth quarter of 2011. 'As Rambler continues to transition into a mid-tier mining company it will continue to look to strengthen the board with members of international pedigree and with quality networks, capable of assisting with the next phase of growth.' http://www.stockmarketwire.com/article/4239257/Altius-directors-leave-Rambler-board.html Link to comment Share on other sites More sharing options...
Liberty Posted October 20, 2011 Share Posted October 20, 2011 http://www.altiusminerals.com/files/PR1011-%20AGM.pdf St. John’s – Altius Minerals Corporation (‘Altius”) advises that it has postponed its Annual and Special Meeting from Wednesday, October 26, 2011 to Wednesday November 30, 2011. Due to an undetected printing error, a significant number of copies of the Altius proxy circular that were mailed to shareholders for Altius’ upcoming October 26, 2011 annual and special meeting of shareholders inadvertently omitted certain pages that contained, among other things, disclosure relating to the election of Altius’ directors, as well as the approval of its stock option plan and ratification of existing options. As a matter of good corporate governance practice, and to ensure that all shareholders are able to make an informed decision as to the matters to be considered at the meeting, the meeting has been postponed and a new circular is being mailed to all shareholders Link to comment Share on other sites More sharing options...
biaggio Posted October 22, 2011 Share Posted October 22, 2011 Iron ore the latest commodity to slide http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/iron-ore-the-latest-commodity-to-slide/article2208495/ vs listening to talking head who said that i. China has $5 trillion worth of infrastructure projects coming (time period unknown-sorry...still sounds like a huge number + I am sure we will have some downs + ups along the way) ii. they are putting 1 million cars on the road every month (I though I heard this, could this possibly be right) Link to comment Share on other sites More sharing options...
Thrifty3000 Posted October 26, 2011 Share Posted October 26, 2011 Planned production of 16 million tonnes per year: http://www.alderonironore.com/_resources/news/2011-10-25-NewsRelease.pdf Link to comment Share on other sites More sharing options...
Liberty Posted October 27, 2011 Share Posted October 27, 2011 Alderon Iron Ore Corp. (TSX:ADV) (OTCQX: ALDFF) ("Alderon") is pleased to announce the intended appointment of Bernard Potvin as Executive Vice President, Project Execution, effective as of November 14, 2011 and Keith Santorelli as Chief Financial Officer, effective as of November 28, 2011. Upon the effective date of appointment of Mr. Santorelli as Chief Financial Officer, Ms. Sonya Atwal will resign as Chief Financial Officer. Mr. Potvin has over 37 years of experience in mining and processing operations and brings with him substantial expertise in engineering, maintenance, project development and construction. Throughout his career Mr. Potvin has held senior roles at Quebec Cartier Mining, Reynolds Metals, Alcoa and the Iron Ore Company of Canada ("IOC"), a Rio Tinto subsidiary. During his tenure at IOC, Mr. Potvin held the role of General Manager of Expansion Projects, successfully managing green and brown field expansion projects in Labrador City and Sept Îles. Mr. Potvin has extensive project management experience in iron ore and aluminum, and has executed a number of successful projects in excess of $1 billion. Mr. Potvin holds a Mechanical Engineering Degree from Laval University. Mr. Santorelli is a Certified Public Accountant with over 16 years of experience, including working for a publicly traded biopharmaceutical company for the past three years as Vice President, Finance. He has a wide range of expertise in various areas of complex US GAAP and IFRS accounting in both publicly traded and private companies in the United States, Canada and internationally. Keith also has experience in group structuring and financing, IFRS conversion and training, financial management, external reporting and employee professional development. Mr. Santorelli holds a Bachelor's degree in Accountancy from the University of Massachusetts, as well as an MA from McGill University, and speaks four languages. Tayfun Eldem, President and Chief Executive Officer of Alderon states, "I am thrilled with the additions of Keith and Bernard to the Alderon team. They will be based in Alderon's growing Montreal office and their expertise and contributions will be invaluable in the continued development of the Kami Project." Alderon further announces the resignation of Brian Penney as Chief Operating Officer in order to accept a Chief Executive Officer role with another iron ore development company in the Forbes & Manhattan group. Mr. Penney will continue his involvement with Alderon on a consulting basis. Link to comment Share on other sites More sharing options...
jjsto Posted October 27, 2011 Share Posted October 27, 2011 So, iron ore prices have finally collapsed, and continue to fall. http://www.mbironoreindex.com/ Price yesterday was $122 for 62%. I had the idea that since there really isnt much of a speculative element in the iron-ore market (relative to other metals/commodities) that would lead to less volatility compared to say gold or oil. I also thought that since marginal production costs in china are estimated over $130 per ton, that would provide something of a medium-term floor. Seems like both of those ideas (at least in the short term) are wrong. The silver lining is the altius/alderon share price isnt really following iron ore prices. And, a short-term collapse in iron prices might actually be good for alderon's development from the point of view that the lower iron prices might wipe out some of their competition trying to get access to the same rail. It would however be nice to see a stronger share price in the short term for alderon if that would lead to a better off-take agreement. Anyone have any commentary to add? Also, still no news regarding NLRC or the annual report. And delaying the annual meeting one month due to "printing errors" on the proxy circular? Not sure how common that is..... Link to comment Share on other sites More sharing options...
jjsto Posted October 28, 2011 Share Posted October 28, 2011 Anyone have any thoughts on this article: http://ftalphaville.ft.com/blog/2011/10/28/715136/oh-the-iron-y/ Link to comment Share on other sites More sharing options...
jjsto Posted November 3, 2011 Share Posted November 3, 2011 Interview with alderon ceo, Eldem, pulled off the stockhouse bullboards: http://www.cbc.ca/labradormorning/episodes/2011/10/31/alderon-iron-ore-corporation---a-step-closer-to-a-new-mine-in-western-labrador/ Link to comment Share on other sites More sharing options...
Liberty Posted November 3, 2011 Share Posted November 3, 2011 Thanks for posting! Link to comment Share on other sites More sharing options...
Liberty Posted November 4, 2011 Share Posted November 4, 2011 http://www.proactiveinvestors.com/companies/news/20588/millrock-resources-oodles-of-potential-within-its-project-generator-business-model-20588.html Link to comment Share on other sites More sharing options...
MrB Posted November 7, 2011 Share Posted November 7, 2011 27 Oct -- Commodore Research..."Chinese spot iron ore demand has remained under pressure as we have anticipated. During the first four days of this week, only 8 vessels have been chartered to haul iron ore to China. The weekly total is likely to come in close to the minuscule 11 vessels that were chartered to haul iron ore to China last week. In comparison, an average of 23 vessels were chartered to haul iron ore to China during each week in September. Chinese steel production has come under more pressure as we have predicted. The decline in steel production and iron ore demand has not come as a surprise, as last week marked the sixth straight week that Chinese steel prices decreased and the eighth straight week that Chinese steel stockpiles increased. For prices to find support and for stockpiles to be able to be drawn down, Chinese steel production had to come under pressure." Link to comment Share on other sites More sharing options...
Guest Dazel Posted November 15, 2011 Share Posted November 15, 2011 http://www.benzinga.com/pressreleases/11/11/m2118105/century-iron-mines-announces-update-on-its-acquisition-from-altius-mine This is quite a deal! I did not realize the potential here. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted November 15, 2011 Share Posted November 15, 2011 http://www.mbironoreindex.com/ iron ore has rallied back from $116 to $137...It had a dramatic drop on China holding back purchases....taking Alderon and Altius down with it..we should see some realization that the price has stabilized and china has not disappeared quite yet! Dazel Link to comment Share on other sites More sharing options...
biaggio Posted November 15, 2011 Share Posted November 15, 2011 Dazel, thanks for the update. What's the opposite of a "black swan" i.e. an unexpected good outcome? Link to comment Share on other sites More sharing options...
Liberty Posted November 15, 2011 Share Posted November 15, 2011 Still waiting for the annual report.. wasn't it supposed to come out around August-September? Link to comment Share on other sites More sharing options...
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