Williams406 Posted March 9, 2020 Share Posted March 9, 2020 The call later this week should be interesting. The NCIB limits drive me nuts. Will be interesting to see what allocation decisions are made. More LIORC? Link to comment Share on other sites More sharing options...
Liberty Posted March 10, 2020 Share Posted March 10, 2020 https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/altius-announces-third-renewable-energy-royalty-from-tge-transaction Dallas (March 9, 2020) – Tri Global Energy, a leading developer of renewable energy, today announced an agreement to sell the 180-megawatt Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy and credit. Tri Global Energy will maintain its role as lead developer through project financing and construction. As this is now the second venture completed between Silverpeak and Tri Global, the partnership anticipates more successful joint projects in the future. Flatland Solar is Tri Global Energy’s first solar project in development in Texas, and this represents the latest milestone for the company to enable the construction and operation of the project. Located in Scurry County, Texas, nearly 100 miles south of Lubbock, Texas, Flatland Solar is a 950-acre secured site, expected to break ground later this year. Nearly 690,000 solar panels will be installed as part of the construction process with expansion possible during later phases. The energy generated from Flatland Solar will be delivered to the ERCOT grid. I'm glad more money is going into renewables. An important sector that I want to see grow as fast as possible. But as previously mentioned, I fail to see where Altius' competitive advantage is in financing these projects and why they should make a great return on that capital in this fairly commoditized field. As for the stock, it first traded at this price in 2006... Link to comment Share on other sites More sharing options...
Williams406 Posted March 11, 2020 Share Posted March 11, 2020 Renewable royalties presentation on altius' website. Link to comment Share on other sites More sharing options...
Williams406 Posted March 26, 2020 Share Posted March 26, 2020 https://ceo.ca/@nasdaq/alderon-provides-corporate-update Alderon deal with Tunghsu falls through. March 31 deadline to re-pay loan facility. Morabito out. Link to comment Share on other sites More sharing options...
cuchulainn Posted March 31, 2020 Share Posted March 31, 2020 Altius management award themselves almost 400k options at c$7.39 per share - near ten year lows. Share price 1 /1 /2019 c$11.69 Share price 31/12/2019 c$10.71 Considering the material underperformance in the share price of Altius in 2019, as well as in previous years, it is perplexing that management think themselves deserving of any award - let alone options near ten year lows. This is, in my opinion, a slap in the face to long suffering shareholders and clear evidence that management are not aligned with them. Altius's year end presentation references c$9m in "Shareholder return" relating to share buybacks. Most of these buybacks were done around c$11 per share. Let's hope their next presentation highlights the negative shareholder return they have created with their generous options. This award is ill considered and ill timed - especially given last week's press release concerning Alderon's deadline today. Link to comment Share on other sites More sharing options...
Thrifty3000 Posted March 31, 2020 Share Posted March 31, 2020 Altius management award themselves almost 400k options at c$7.39 per share - near ten year lows. Share price 1 /1 /2019 c$11.69 Share price 31/12/2019 c$10.71 Considering the material underperformance in the share price of Altius in 2019, as well as in previous years, it is perplexing that management think themselves deserving of any award - let alone options near ten year lows. This is, in my opinion, a slap in the face to long suffering shareholders and clear evidence that management are not aligned with them. Altius's year end presentation references c$9m in "Shareholder return" relating to share buybacks. Most of these buybacks were done around c$11 per share. Let's hope their next presentation highlights the negative shareholder return they have created with their generous options. This award is ill considered and ill timed - especially given last week's press release concerning Alderon's deadline today. Management doesn’t control the share price. They do, however, influence intrinsic value. Link to comment Share on other sites More sharing options...
Gregmal Posted March 31, 2020 Share Posted March 31, 2020 Any management team, in any industry, if they can not show a positive total over any trailing 5 year period should mandatorily be shown the door for cause. If somehow it s a trailing 10 like these guys, there should be financial penalties as well. Straight hucksters. Link to comment Share on other sites More sharing options...
bizaro86 Posted March 31, 2020 Share Posted March 31, 2020 They noted in their PR that they had sold ~0.9 MM LIF shares. The price wasn't disclosed (and I couldn't back into it easily) but the text indicated they were raising cash due to market based uncertainty. I hope they were sellers in the first half of the quarter and not toward the end of March... I'd be disappointed if they were selling LIF at these prices. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted March 31, 2020 Share Posted March 31, 2020 I for one am ok with Altius' award. 400k is peanuts even for Altius. Also, I don't blame them for the share price. I think since 2013 they've moved from a company that made $3M per year and $200M in cash to a company that generates $78 million per year . While the per share figures have not improved as dramatically, they've improved dramatically and I don't hold Altius responsible for the lack of share price movement as frustrating as that has been. The fact that you can buy this company where it's at will likely prove to be a boon for shareholders 5-10 years from now - just like looking at the price at the trough in 2016 looked ridiculous and we could have shouted @ management, but you had the opportunity for a 3x flip if you bought the shares instead. I'm a buyer here. Link to comment Share on other sites More sharing options...
bizaro86 Posted April 1, 2020 Share Posted April 1, 2020 I for one am ok with Altius' award. 400k is peanuts even for Altius. Also, I don't blame them for the share price. I think since 2013 they've moved from a company that made $3M per year and $200M in cash to a company that generates $78 million per year . While the per share figures have not improved as dramatically, they've improved dramatically and I don't hold Altius responsible for the lack of share price movement as frustrating as that has been. The fact that you can buy this company where it's at will likely prove to be a boon for shareholders 5-10 years from now - just like looking at the price at the trough in 2016 looked ridiculous and we could have shouted @ management, but you had the opportunity for a 3x flip if you bought the shares instead. I'm a buyer here. I agree with this sentiment. The fact that this thread has gotten remarkably more negative is probably a good sign as well. Link to comment Share on other sites More sharing options...
mikek Posted April 1, 2020 Share Posted April 1, 2020 I agree about the options, not a huge deal on that. I am disappointed about the 0.9 million shares of LIF that were sold, I am pretty sure they were sold in that 15 range which wouldn't have been a very good price. I would guess they wanted more cash so that they can purchase the rest of the renewable royalties which will be 16 million US. They are definitely making a big bet on the renewables royalty segment. I have mixed feelings about that. On one hand you see how the renewable royalty segment can get an outsized valuation but they have also outsourced these decisions to a new team. You are betting that the new team knows what they are doing. On the positive side, it does seem it will help when they go to renew their loans, they will no longer be looked at as a coal royalty company. Lenders just do not want to deal with that. ESG has become a real rage these days. The one good thing about this whole commodity downturn is that I would guess that BHP will no longer proceed with the Jansen potash build, this would be very good for Altius long term. Link to comment Share on other sites More sharing options...
Liberty Posted April 7, 2020 Share Posted April 7, 2020 The market value of the junior equities portfolio at March 31, 2020 was $34 million, including two private company investments at book value, compared to $54.1 million at December 31, 2019. The decline in the portfolio value during the quarter is consistent with market value decreases that have been experienced within the broader junior mining sector related to the COVID-19 pandemic. During the quarter, net cash proceeds of $982,000 were generated from the sales of certain equities, with no new equity purchases Link to comment Share on other sites More sharing options...
Williams406 Posted April 7, 2020 Share Posted April 7, 2020 They noted in their PR that they had sold ~0.9 MM LIF shares. The price wasn't disclosed (and I couldn't back into it easily) but the text indicated they were raising cash due to market based uncertainty. I hope they were sellers in the first half of the quarter and not toward the end of March... I'd be disappointed if they were selling LIF at these prices. Anglo Pacific reported 2019 results today indicating they have built up their LIF stake to 7.0%. Initial 4.3% stake bought in 2018, 2% in 2019, and the balance in 1Q 2020. Link to comment Share on other sites More sharing options...
bizaro86 Posted April 7, 2020 Share Posted April 7, 2020 I have been buying LIF as well. Iron ore prices are holding up, and Chinese stimulus seems like it might be infrastructure based, so heavy steel requirements. At current share price/iron ore prices this will work out very well. Link to comment Share on other sites More sharing options...
Williams406 Posted April 7, 2020 Share Posted April 7, 2020 Same re LIF. Link to comment Share on other sites More sharing options...
cuchulainn Posted April 9, 2020 Share Posted April 9, 2020 Altius increase price of recent options to $10.79. Respect to Brian Dalton. Link to comment Share on other sites More sharing options...
Liberty Posted April 9, 2020 Share Posted April 9, 2020 Altius increase price of recent options to $10.79. Respect to Brian Dalton. A price per share that they first hit in 2007. Respect. Link to comment Share on other sites More sharing options...
reader Posted April 17, 2020 Share Posted April 17, 2020 Altius Resources Inc. Disposes of Common Shares of Antler Gold Inc Altius had given the shares as full consideration for certain mineral claims near Wilding Lake in the Central Newfoundland area of Newfoundland and Labrador. https://finance.yahoo.com/news/altius-resources-inc-disposes-common-213800544.html Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted April 17, 2020 Share Posted April 17, 2020 Also reported Q1 revenue of $16.3 million yesterday. Would post the link, but their site seems to be down at the moment. Link to comment Share on other sites More sharing options...
reader Posted April 19, 2020 Share Posted April 19, 2020 From the PG update: "During the quarter the company entered into a proposed purchase agreement with Antler Gold Inc. (TSXV:ANTL) (“Antler”) for the Wilding Lake gold project. The property was originally acquired by Antler from Altius under option agreements entered in 2016 and 2017 in exchange for 8.22 million common shares of Antler. Under the current agreement, which remains subject to the satisfaction of certain conditions including the approval of the TSX Venture Exchange, Altius will relinquish its 8.22 million common shares of Antler in return for the re-acquisition of 100% ownership of the project. Wilding Lake is contiguous with Marathon Gold Corporation’s Valentine Lake gold project." Altius Resources Inc. Disposes of Common Shares of Antler Gold Inc Altius had given the shares as full consideration for certain mineral claims near Wilding Lake in the Central Newfoundland area of Newfoundland and Labrador. https://finance.yahoo.com/news/altius-resources-inc-disposes-common-213800544.html Link to comment Share on other sites More sharing options...
bizaro86 Posted April 29, 2020 Share Posted April 29, 2020 Alderon has defaulted on the Sprott loan. So Sprott will be taking their 75% in Kami and running the project going forward. I think this is probably a good thing (even though it probably marks ALS shares in Alderon to zero) because I think it makes it more likely that Kami gets into hands that have a chance of building the thing, which would obviously be very significant. https://www.mining.com/alderon-loses-kami-project-after-defaulting-on-sprott-loan/ Link to comment Share on other sites More sharing options...
reader Posted May 9, 2020 Share Posted May 9, 2020 Amvest Capital Altius Minerals Corporation live webinar Thursday, May 14, 4:05 PM EDT https://mailchi.mp/amvestcapital/join-us-altius-minerals-webinar-thurs-may-14-405-pm-et-diversified-portfolio-of-royalty-assets-in-long-life-high-margin-operations?e=1979b7cf7b Link to comment Share on other sites More sharing options...
nostradamus Posted May 10, 2020 Share Posted May 10, 2020 I bought some Alderon after the joint Altius/Sprott investment. I figured that with Altius investing in the shares, their interest in the share price and mine would be aligned. But, with them having a security on Kami, our interests were very far from being aligned. A painful lesson. N. Link to comment Share on other sites More sharing options...
Liberty Posted May 10, 2020 Share Posted May 10, 2020 I bought some Alderon after the joint Altius/Sprott investment. I figured that with Altius investing in the shares, their interest in the share price and mine would be aligned. But, with them having a security on Kami, our interests were very far from being aligned. A painful lesson. N. Hadn't looked at Alderon in a while. $10m market cap. Wow. I should dig up some of those old presentations where they were showing the step-by-step timeline of how this was going to be a multi-billion project just like that Clliff mine close-by (can't remember the names or details after all these years.. ). Link to comment Share on other sites More sharing options...
mikek Posted May 15, 2020 Share Posted May 15, 2020 Highly recommend checking out this new hour and 13 minute presentation from Brian Dalton. He definitely spoke about a lot of things that hasn't been discussed on conference calls or other presentations. The only thing I didn't like was the very end when he said all options are on the table if market doesn't start giving it better comps compared to other royalty companies. He said all options including taking the company private. That would be extremely unfortunate to sell when it looks like they are in a very good position going forward. Check out precious metal royalty comps compared to Altius. They aren't even close and I would rather have Altius super long life royalty portfolio compared to that, not to mention the profitable P G business which makes them more valuable to me. https://register.gotowebinar.com/register/7689715350695093003source=tw Link to comment Share on other sites More sharing options...
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