hohi Posted December 4, 2012 Share Posted December 4, 2012 You have to love buying back shares at these prices... Just imagine they could deploy $100+ Million in these buybacks. We would be all rich men once they dividend out the Kami royalty to us. I am still hoping we can buy back until we got 20M shares outstanding. But thats probably just my wishful thinking ;). cheers, hohi. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 4, 2012 Share Posted December 4, 2012 Yes wishful thinking...but the share count will drop daily...until we are fairly valued. We like the buy backs but our wish path is more at one or two more dirt cheap royalties streams... Something unique would be nice...there are a lot of companies starving for capital... Dazel. Link to comment Share on other sites More sharing options...
hohi Posted December 4, 2012 Share Posted December 4, 2012 Yeah, some near term cash flowing royalty would probably be even better. But the competition for long-life near-term royalties is also growing. Even BlackRock is buying IronOre royalties these days. More and more people figure out the deadly effects of cost-push inflation... But maybe we get lucky - although some cheap aquisition will in my opionion more likely be a few years away from production. cheers, hohi. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 5, 2012 Share Posted December 5, 2012 http://www.metalbulletin.com/Article/3126579/Iron-ore-and-coking-coal/Posco-seeks-15-stake-in-ArcelorMittal-Mines-Canada.html Yes there is demand....and deep pockets out there...Buffett owns or owned Posco. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 5, 2012 Share Posted December 5, 2012 http://www.metalbulletin.com/Article/3126794/Iron-ore-and-coking-coal/Spot-635-Fe-iron-ore-prices-up-on-improved-sentiment.html Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 6, 2012 Share Posted December 6, 2012 http://finance.yahoo.com/news/commodities-super-cycle-not-ending-151801007.html;_ylt=Asrw9h6WY32S.P1257huz2.iuYdG;_ylu=X3oDMTN1OTExYzhrBG1pdANGaW5hbmNlIEZQIE1lZ2F0cm9uIDIEcGtnAzA1MTViMDIzLTk0YzgtMzhmYS1iZTAzLTkyNjE3ODZlNzhlZARwb3MDMQRzZWMDbWVnYXRyb24EdmVyAzg1ODBiOTMzLTNmOWMtMTFlMi1iYmY1LTQ2MzQxZjdiZDQyYg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 Goldman says super cycle not ending. Jeremy Grantham Jim Rogers Leucadia What are the odds that they are all wrong? Dazel. Link to comment Share on other sites More sharing options...
biaggio Posted December 6, 2012 Share Posted December 6, 2012 http://finance.yahoo.com/news/commodities-super-cycle-not-ending-151801007.html;_ylt=Asrw9h6WY32S.P1257huz2.iuYdG;_ylu=X3oDMTN1OTExYzhrBG1pdANGaW5hbmNlIEZQIE1lZ2F0cm9uIDIEcGtnAzA1MTViMDIzLTk0YzgtMzhmYS1iZTAzLTkyNjE3ODZlNzhlZARwb3MDMQRzZWMDbWVnYXRyb24EdmVyAzg1ODBiOTMzLTNmOWMtMTFlMi1iYmY1LTQ2MzQxZjdiZDQyYg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 Goldman says super cycle not ending. Jeremy Grantham Jim Rogers Leucadia What are the odds that they are all wrong? Dazel. Of course there is always a chance they could be wrong. In the long run I think they will eventually be right because it makes sense to me. What seems uncertain is the timing. Its tough for me to make money in commodities- I have to keep reminding myself that this situation (project generator/merchant bank, royalty company, great balance sheet, owner operators) is different than buying the usual mining company Its comforting that these guys agree as they are way smarter than me. Thanks for your continued good posts. Best of luck to all on the board. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 10, 2012 Share Posted December 10, 2012 http://www.metalbulletin.com/Article/3128369/Iron-ore-and-coking-coal/Spot-635-Fe-iron-ore-prices-up-by-4-this-week.html Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 10, 2012 Share Posted December 10, 2012 http://www.metalbulletin.com/Article/3128953/Iron-ore-and-coking-coal/Chinas-November-iron-ore-imports-are-the-second-highest-in-history.html The reality of some of the numbers coming out of China are a lot different than the ones that are making headlines with regards to their appetite for commodities. Iron or spot price today is $125. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 10, 2012 Share Posted December 10, 2012 http://www.reuters.com/article/2012/12/08/us-cnooc-nexen-idUSBRE8B619M20121208?feedType=RSS&feedName=innovationNews&rpc=43 Canada's approval of the Nexen deal will be positive for the Hebei transaction. Hebei being a state owned enterprise was waiting to see if the Canadian government would approve the deal. I would expect that you will see the feasability study and more importantly the beginning of the financing flow through to Alderon. In fact this deal for Altius is extremely positive as they are involved with SOE throughout the Labrador trough....the development of the area...will need capital from china... When you look at the longterm outlook...the new port, Muskrat falls and a possible railway from CN are the infrastructure pieces needed for a longterm strategy...they will bring down costs of production and make the trough a world class asset. All the pieces are coming together and this deal opens the door to a green light from the Canadian government on SOE's in Canada. Dazel. Link to comment Share on other sites More sharing options...
gfp Posted December 10, 2012 Share Posted December 10, 2012 "this deal opens the door to a green light from the Canadian government on SOE's in Canada." I thought it was just the opposite. Going forward it would be less likely that an SOE could gain approval to buy out Alderon in it's entirety. Which is a net negative for Altius - right? Link to comment Share on other sites More sharing options...
matts Posted December 10, 2012 Share Posted December 10, 2012 I agree, the Nexen decision is a negative for Alderon, not a positive. The Government made it very clear that they would be coming out with new rules that would be more stringent than the previous ones (which were used for Nexen and Progress). Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 10, 2012 Share Posted December 10, 2012 These were attached to oil sands investments...china now controls 10% of the oil sands...the new rules will reflect this. other investments will be done on a case by case investment. Alderon is hardly a national security issue...The chinese governemnt were very happy with the approval. They (China) also approved the Viterra deal the same day as Nexen was announced. That looks like a good government relationship and hardly would have Hebei or Wisco or any other "SOB" thinking Canada is not a good place to do business. The iron ore business in Canada is exremely small with foriegn companies already owning the majority of the assets...Rio Tinto, mitsubushi, Cliffs Natural, Arecellor Mitel,Tata steel etc..now Posco... These are very different rules than the oil industry... Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 10, 2012 Share Posted December 10, 2012 http://business.financialpost.com/2012/12/07/nexen-progress-canada-oil-sands-state-owned-firms/ In order for this deal to be approved the United States will have to sign off on it. We know as Canadians..our large oil assets are pretty much controlled by our big brother to the south of us...These new rules simply state the obvious...oil, water, Potash, banks...are of national security issues to both the Canada and the United States. The fact this deal was approved is very good for Canada and China relations and hence Altius. Dazel. Link to comment Share on other sites More sharing options...
biaggio Posted December 10, 2012 Share Posted December 10, 2012 I don t know that china buying out Alderon in its entirety is that important for us shareholders. Canadian government and us shareholders want to sell + export iron, the more the better. I am going to vote that the Nexen deal helps- my vote is biased though. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 13, 2012 Share Posted December 13, 2012 http://www.mbironoreindex.com/Article/3130927/MBIO-Index-13-December-2012-Index-sees-further-strong-rise-up.html Iron ore has been climbing steadily and quietly almost $130.... There will be some very disappointed tax loss sellers. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 14, 2012 Share Posted December 14, 2012 http://www.fool.com/investing/general/2012/12/13/news-encana-petrochina-enter-into-exploration-deal.aspx We expect many deals to be announced with china like the one above soon in Canada...oil sands are off limits but the rest of the country will seek to produce the commodities that china will need for their Rebound. As Jim Rogers has said for 2 years...the Chinese have had their foot on the breaks in order to slow inflation and their economy. He said if anyone does not see this they are stupid! They are now taking that break off...all of their numbers are at 14 month highs and moving up...all commodity prices will rise in this environment...as we have seen with iron ore rising 50% since September. Altius does not need iron ore to rise above the $130 it is at now...it will however, benefit from the other rises that will take place. Dazel. Link to comment Share on other sites More sharing options...
hohi Posted December 14, 2012 Share Posted December 14, 2012 As expected ALS bid for the EML (Julienne Lake) with an undisclosed partner. Hope this works out! ;) Cheers, hohi. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 16, 2012 Share Posted December 16, 2012 http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/first-quantum-boosts-bid-for-inmet/article6458719/ Looks like Leucadia will cash in some more on their foray into mining! Dazel Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 17, 2012 Share Posted December 17, 2012 http://www.businessspectator.com.au/bs.nsf/Article/Paladin-shares-surge-on-Japanese-election-result-pd20121217-32W3Y?opendocument&src=rss Japan's new government are pro nuclear...uranium could have a huge year...2013 is the end of the U.S- Russia decomissioning of nuclear weapons for use in nuclear power plants. This is a huge part of the world uranium supply coming out of the market...you add a restart in Japan with this and the demand from the new plants coming on line...it is a perfect storm for uranium...and repricing of Altius' uranium assets. Dazel Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 17, 2012 Share Posted December 17, 2012 http://www.metalbulletin.com/Article/3132174/Iron-ore-and-coking-coal/Spot-635-Fe-iron-ore-prices-gain-5-per-tonne-on-bullish-sentiment.html We have seen virtually zero coverage of the the straight up rise of iron ore prices. Looks like Alderon may hit it right with their feasibility study timing.... Dazel. Link to comment Share on other sites More sharing options...
Ross812 Posted December 17, 2012 Share Posted December 17, 2012 Let's wait for the feasibility study. They will assume a long term spot price anyway. The movement of the spot price up or down over the last two months has nothing to do with it. Let's not count our tonnes of Fe ore before there is a feasibility study! ;) Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 17, 2012 Share Posted December 17, 2012 Agreed. However, bankers are fickle...spot price and sentiment do matter when you are raising $700 million or so! Study, then the next off take agreement, then debt raise. Muskrat falls is supposedly getting formal green light tonight according to CBC.... Altius long-term spot price number is $115 in their projections we are happy with that...we are around $135 right now. Dazel. Link to comment Share on other sites More sharing options...
beerbaron Posted December 17, 2012 Share Posted December 17, 2012 Alderon has raised like a rocket ship in the last week but Altius stayed flat, anybody arbritaging? I have calculated that every penny alderon loses or wins should add/remove at least 500k to their Market cap. BeerBaron Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 27, 2012 Share Posted December 27, 2012 http://www.bloomberg.com/news/2012-12-26/iron-ore-rallying-most-since-10-as-china-rebounds-commodities.html?cmpid=yhoo Cheers to 2013. Dazel. Link to comment Share on other sites More sharing options...
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