bizaro86 Posted November 23, 2015 Share Posted November 23, 2015 Alberta announced that all coal plants will be shut off by 2030. This takes a lot of years of some of the coal royalties, especially Gennessee. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted November 23, 2015 Share Posted November 23, 2015 Alberta announced that all coal plants will be shut off by 2030. This takes a lot of years of some of the coal royalties, especially Gennessee. That's a certainty? It certainly seems ambitious to wean the area off of 55% of it's current power supply over the next 15 years. It was my understanding that the goal was to shut them all down by 2030 unless if there were implementations of carbon capture or other pollution offsetting systems implemented. Some producers, especially those who just build plants in the early 2000s, may find it economical to install such features if it means keeping the plants open for several more years to earn back the investment. I think one of those newer plants is Genessee, correct? Link to comment Share on other sites More sharing options...
netnet Posted November 23, 2015 Share Posted November 23, 2015 netnet, If you go to globalminingobserver.com and are willing to supply your e-mail address, they'll send the latest issue electronically. I can't link to that article yet as it isn't posted on the site. ??? Here is the link:http://www.globalminingobserver.com/royalty-groups-to-form-syndicate-145 Link to comment Share on other sites More sharing options...
Blue Macaw Posted December 3, 2015 Share Posted December 3, 2015 So what the heck happened today? Down 5 % Does anyone know? Link to comment Share on other sites More sharing options...
Jurgis Posted December 3, 2015 Share Posted December 3, 2015 Market meltdown happened. Indexes down 1.5-2%. Weaker stocks up to 10%. Nothing to see here. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 3, 2015 Share Posted December 3, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Link to comment Share on other sites More sharing options...
wachtwoord Posted December 4, 2015 Share Posted December 4, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Why are you thinking it will go to $7? I'm already greedily thinking how to free up funds to buy more (and I'm pretty overweight on this already). Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 4, 2015 Share Posted December 4, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Why are you thinking it will go to $7? I'm already greedily thinking how to free up funds to buy more (and I'm pretty overweight on this already). I'm not necessarily thinking it will, but considering a $7 handle is only 2% below the current price I certainly don't put anywhere out in the realm of impossibility. I've been wanting to add but each time I have cash there is something more immediately attractive. I'm just glad the prices have continued to trend downwards because I wouldn't mind adding another 20% or so to my position below $8. Link to comment Share on other sites More sharing options...
wachtwoord Posted December 4, 2015 Share Posted December 4, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Why are you thinking it will go to $7? I'm already greedily thinking how to free up funds to buy more (and I'm pretty overweight on this already). I'm not necessarily thinking it will, but considering a $7 handle is only 2% below the current price I certainly don't put anywhere out in the realm of impossibility. I've been wanting to add but each time I have cash there is something more immediately attractive. I'm just glad the prices have continued to trend downwards because I wouldn't mind adding another 20% or so to my position below $8. Ah you meant 7.99 with $7, I read as $7.00. It's just hard deciding what to trim (and I recently added my accrued dividends already to Altius in the high $8s). I'm talking ATUSF btw for everyone reading (don't want dividends in CAD). Link to comment Share on other sites More sharing options...
FFHWatcher Posted December 4, 2015 Share Posted December 4, 2015 careful what you wish for ... Link to comment Share on other sites More sharing options...
wachtwoord Posted December 4, 2015 Share Posted December 4, 2015 As far as I can tell nothing has changed and this is a huge buying opportunity. Why wouldn't you wish for that? Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 4, 2015 Share Posted December 4, 2015 careful what you wish for ... I'm not concerned. Altius is one of my largest positions because I sleep at well at night with it regardless of what the share price does. Obviously I wish I had a crystal ball that told me it'd trade below $8 back when I was accumulating at prices between $9-12 2 years ago so I could find something more productive to use the money for, but it is what it is. I increased my position today by 12.5% at $7.80. Link to comment Share on other sites More sharing options...
BRK7 Posted December 4, 2015 Share Posted December 4, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Why are you thinking it will go to $7? I'm already greedily thinking how to free up funds to buy more (and I'm pretty overweight on this already). I'm not necessarily thinking it will, but considering a $7 handle is only 2% below the current price I certainly don't put anywhere out in the realm of impossibility. I've been wanting to add but each time I have cash there is something more immediately attractive. I'm just glad the prices have continued to trend downwards because I wouldn't mind adding another 20% or so to my position below $8. Ah you meant 7.99 with $7, I read as $7.00. It's just hard deciding what to trim (and I recently added my accrued dividends already to Altius in the high $8s). I'm talking ATUSF btw for everyone reading (don't want dividends in CAD). wachtwoord, Isn't ATUSF just a US clearing symbol for TSX:ALS? In other words, maybe by the time you see the dividend in your US account it is in $USD, but it was paid to your broker in $CAN, and then converted to $USD at the then-current USD/CAN exchange rate, no? In other words, there is no way to avoid actually getting paid your dividend in $CAN. Please correct me if I am wrong. Link to comment Share on other sites More sharing options...
wachtwoord Posted December 4, 2015 Share Posted December 4, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Why are you thinking it will go to $7? I'm already greedily thinking how to free up funds to buy more (and I'm pretty overweight on this already). I'm not necessarily thinking it will, but considering a $7 handle is only 2% below the current price I certainly don't put anywhere out in the realm of impossibility. I've been wanting to add but each time I have cash there is something more immediately attractive. I'm just glad the prices have continued to trend downwards because I wouldn't mind adding another 20% or so to my position below $8. Ah you meant 7.99 with $7, I read as $7.00. It's just hard deciding what to trim (and I recently added my accrued dividends already to Altius in the high $8s). I'm talking ATUSF btw for everyone reading (don't want dividends in CAD). wachtwoord, Isn't ATUSF just a US clearing symbol for TSX:ALS? In other words, maybe by the time you see the dividend in your US account it is in $USD, but it was paid to your broker in $CAN, and then converted to $USD at the then-current USD/CAN exchange rate, no? In other words, there is no way to avoid actually getting paid your dividend in $CAN. Please correct me if I am wrong. Sure, but almost my entire portfolio is in USD and currency conversions cost like 2 euro (I assumed I paid nothing by holding ATUSF?). Altius is becoming such a large part of my portfolio I might sell all my ATUSF at some point and buy ALS.TO. For the record, ATUSF is ALS.TO internally and you can instruct your broker to convert between them but they will charge a fee (I can't find the fee as apparently IB deleted my tickets over a year old). Link to comment Share on other sites More sharing options...
BRK7 Posted December 4, 2015 Share Posted December 4, 2015 So what the heck happened today? Down 5 % Does anyone know? What happened is that I'm looking forward to prices that will hopefully be in the $7 range for USD investors. The debt is covered. Near-term FCF is high along with opportunities to deploy it to grow FCF in the future. Buy, hold, and buy more. Why are you thinking it will go to $7? I'm already greedily thinking how to free up funds to buy more (and I'm pretty overweight on this already). I'm not necessarily thinking it will, but considering a $7 handle is only 2% below the current price I certainly don't put anywhere out in the realm of impossibility. I've been wanting to add but each time I have cash there is something more immediately attractive. I'm just glad the prices have continued to trend downwards because I wouldn't mind adding another 20% or so to my position below $8. Ah you meant 7.99 with $7, I read as $7.00. It's just hard deciding what to trim (and I recently added my accrued dividends already to Altius in the high $8s). I'm talking ATUSF btw for everyone reading (don't want dividends in CAD). wachtwoord, Isn't ATUSF just a US clearing symbol for TSX:ALS? In other words, maybe by the time you see the dividend in your US account it is in $USD, but it was paid to your broker in $CAN, and then converted to $USD at the then-current USD/CAN exchange rate, no? In other words, there is no way to avoid actually getting paid your dividend in $CAN. Please correct me if I am wrong. Sure, but almost my entire portfolio is in USD and currency conversions cost like 2 euro (I assumed I paid nothing by holding ATUSF?). Altius is becoming such a large part of my portfolio I might sell all my ATUSF at some point and buy ALS.TO. For the record, ATUSF is ALS.TO internally and you can instruct your broker to convert between them but they will charge a fee (I can't find the fee as apparently IB deleted my tickets over a year old). Ok, so it sounds like your broker charges you to convert the dividend to USD if you nominally hold ALS.TO whereas they convert it for free (behind the scenes) if you nominally hold ATUSF. I say “nominally” because it is really the same security booked under 2 different names, as you point out. Link to comment Share on other sites More sharing options...
wachtwoord Posted December 4, 2015 Share Posted December 4, 2015 Yes, that is what I believe. I have not been able to find fees anywhere. I significantly increased my position today making Altius my largest holding. I wasn't able to get the fill prices mentioned above as I was at work but I bough @7.97 bringing my cost basis down to $9.37 Link to comment Share on other sites More sharing options...
Williams406 Posted December 12, 2015 Share Posted December 12, 2015 http://finance.yahoo.com/news/champion-announces-definitive-agreement-acquire-175625717.html Champion buys Bloom Lake. Link to comment Share on other sites More sharing options...
Liberty Posted December 12, 2015 Share Posted December 12, 2015 http://finance.yahoo.com/news/champion-announces-definitive-agreement-acquire-175625717.html Champion buys Bloom Lake. $10 million in cash. Cliffs paid $4.9 billion in 2011. That's quite the negative CAGR... Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 14, 2015 Share Posted December 14, 2015 http://finance.yahoo.com/news/champion-announces-definitive-agreement-acquire-175625717.html Champion buys Bloom Lake. $10 million in cash. Cliffs paid $4.9 billion in 2011. That's quite the negative CAGR... Indeed - but it bodes very positively for the types of deals that Altius has available to it in this environment. Very exciting to see what the next 5 years will hold. Link to comment Share on other sites More sharing options...
Liberty Posted December 14, 2015 Share Posted December 14, 2015 http://finance.yahoo.com/news/champion-announces-definitive-agreement-acquire-175625717.html Champion buys Bloom Lake. $10 million in cash. Cliffs paid $4.9 billion in 2011. That's quite the negative CAGR... Indeed - but it bodes very positively for the types of deals that Altius has available to it in this environment. Very exciting to see what the next 5 years will hold. Maybe, if commodities don't stay depressed for a decade as they sometimes do (not saying they will--have no idea). ALS stock has been mostly flat for almost a decade, would be a shame if it was for another one... They may not be exposed to capex directly, but their partners are, and they are exposed to commodity prices.... Link to comment Share on other sites More sharing options...
Williams406 Posted December 15, 2015 Share Posted December 15, 2015 http://www.northernminer.com/issues/pdf/PearTree-Roundtable2015.pdf Roundtable discussion on mining finance. Altius not represented or mentioned, but industry evolution has obvious relevance to Altius. Link to comment Share on other sites More sharing options...
nostradamus Posted December 18, 2015 Share Posted December 18, 2015 Some nice charts on cycles in the latest Altius presentation: http://altiusminerals.com/uploads/Altius-December-2015.pdf Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 18, 2015 Share Posted December 18, 2015 Looks like we all missed the earnings a week ago - or at least no one posted on them. http://altiusminerals.com/uploads/PR1514_2ndqtr.pdf Link to comment Share on other sites More sharing options...
benchmark Posted December 23, 2015 Share Posted December 23, 2015 Looks like we all missed the earnings a week ago - or at least no one posted on them. http://altiusminerals.com/uploads/PR1514_2ndqtr.pdf Is there a way to hedge on ALS? Link to comment Share on other sites More sharing options...
Sunrider Posted December 24, 2015 Share Posted December 24, 2015 Hmmm so I've been in this since late 2013 and am down a fair bit. The story from their IR presentation sounds good but this value realisation they speak about did not flow to shareholders, it went to management comp and is tied up in the investments they subsequently made. I suppose you have to believe that they will eliminate the debt quickly $1 in royalties per share vs $1 in debt as per the presentation and ramp up the dividend or make smart investments and the cycle turning again soon so that they can then realise. Not sure about timing on either. Thoughts? Thanks - C. Link to comment Share on other sites More sharing options...
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