Guest Dazel Posted February 27, 2014 Share Posted February 27, 2014 interesting that every day since the transmission line approval the last trade of the day in Alderon has been a downtick trade? someone is manipulating the closing price down a little on the last trade each day....likely meaningless but odd. Link to comment Share on other sites More sharing options...
SharperDingaan Posted February 27, 2014 Share Posted February 27, 2014 About 10% of the volume & mostly from the same house. Just the kind of thing an evil bastard could have some fun with .... especially if they cant walk away :P SD Link to comment Share on other sites More sharing options...
Guest Dazel Posted February 27, 2014 Share Posted February 27, 2014 From Vale's conference call: "Fourth-quarter results highlighted Ferreira's success in controlling the size of a company that was growing too big, Chagas said. While the current trends in iron ore and slower growth in China offer risks for Vale, a potential fall in prices should be mild, Chagas and other analysts said. However, Vale sees almost no risk for iron ore sales volumes and prices, although 2014 is unlikely to show prices as high as in 2013, Jose Carlos Martins, the company's head of ferrous metals, said on a conference call with investors on Thursday." "Martins said that he has seen little evidence that pollution concerns in China, Vale's biggest market, are cutting back on mills' demand for ore, the main ingredient in steel." Nickel (Altius has a nickel-copper Royalty with Vale at Voisey Bay) "Higher nickel output combined with "expected rises in nickel prices" are expected to add $3 billion to $7 billion a year to Vale's EBITDA, said Peter Poppinga, Vale's head of base metals. Link to comment Share on other sites More sharing options...
giofranchi Posted February 28, 2014 Share Posted February 28, 2014 Just purchased more Altius. :) Gio Link to comment Share on other sites More sharing options...
SharperDingaan Posted February 28, 2014 Share Posted February 28, 2014 Same downtick .... Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted February 28, 2014 Share Posted February 28, 2014 What's a realistic price that Alderon would be taken out at if it gets bought by a major after putting the financing together? I've heard some numbers thrown around previously, but is it really reasonable to believe that it could go up 100-150% from it's current price on such news? Seems like the market doesn't believe this can/will happen if that's really the case. Can we lay out a case for why Alderon would be acquired as opposed to developing the mine themselves? Is their any chance they'd refuse an attractive buyout offer? When quoting figures, please specify CDN or USD to avoid confusion. I've been following the Altius story for nearly a year and it's currently my largest position. I haven't really focused much on Alderon outside of the mine developments but have recently put a very small amount into it for speculation on the recent news being good (it was, but the price dropped anyways). Now I'm just trying to determine if I feel it's worth holding until financing/buyout is announced or if I should just be moving on. Link to comment Share on other sites More sharing options...
phil_Buffett Posted February 28, 2014 Share Posted February 28, 2014 i dont understand why alderon is down every day. only good News the last time. Link to comment Share on other sites More sharing options...
EliG Posted March 1, 2014 Share Posted March 1, 2014 i dont understand why alderon is down every day. only good News the last time. My guess: Lots of pumping before the good news... just look at Stockhouse board. Pumpers dumped on the news. Naive newbies bought from the pumpers, hoping for a quick run-up. Now the newbies are selling to cut the losses. Pretty standard for pump & dump. Link to comment Share on other sites More sharing options...
SharperDingaan Posted March 1, 2014 Share Posted March 1, 2014 Let the folks at ALS do their thing in peace ... SD Link to comment Share on other sites More sharing options...
Guest ajc Posted March 2, 2014 Share Posted March 2, 2014 Storm Clouds Gather For Seaborne Iron Ore Thunderclouds are on the horizon for iron ore producers as the strain of too much capacity and too little money finally hits China’s steel mills. China now accounts for almost half of world steel production. Its mills’ hunger for iron ore, a key steelmaking ingredient, determines the strength of the Australian dollar, the cost of ocean freight, and the profitability of mining in the faraway jungles of South America. Any hint that the Chinese steel boom has peaked sends iron ore prices skittering. Liquidity problems have started to bite Chinese mills after years of breakneck expansion. Some private mills in Tangshan, home to about a quarter of China’s steel capacity, are empty and silent after owners ran out of cash to pay their workers. Xu Zhongbo, head of Beijing Metal Consulting Ltd, estimates that 40-50m tonnes of long steel capacity have been idled as production costs exceed prices by Rmb100 ($16) per tonne. “Steel overcapacity probably exceeds our imagination,” Li Xinchuang, a senior official at the China Iron and Steel Association, warned a conference organised by Metal Bulletin in Beijing on Tuesday... http://bambooinnovator.com/2014/03/02/thunderclouds-are-on-the-horizon-for-iron-ore-producers-as-the-strain-of-too-much-capacity-and-too-little-money-finally-hits-chinas-steel-mills/ Link to comment Share on other sites More sharing options...
giofranchi Posted March 2, 2014 Share Posted March 2, 2014 Storm Clouds Gather For Seaborne Iron Ore Thunderclouds are on the horizon for iron ore producers as the strain of too much capacity and too little money finally hits China’s steel mills. China now accounts for almost half of world steel production. Its mills’ hunger for iron ore, a key steelmaking ingredient, determines the strength of the Australian dollar, the cost of ocean freight, and the profitability of mining in the faraway jungles of South America. Any hint that the Chinese steel boom has peaked sends iron ore prices skittering. Liquidity problems have started to bite Chinese mills after years of breakneck expansion. Some private mills in Tangshan, home to about a quarter of China’s steel capacity, are empty and silent after owners ran out of cash to pay their workers. Xu Zhongbo, head of Beijing Metal Consulting Ltd, estimates that 40-50m tonnes of long steel capacity have been idled as production costs exceed prices by Rmb100 ($16) per tonne. “Steel overcapacity probably exceeds our imagination,” Li Xinchuang, a senior official at the China Iron and Steel Association, warned a conference organised by Metal Bulletin in Beijing on Tuesday... http://bambooinnovator.com/2014/03/02/thunderclouds-are-on-the-horizon-for-iron-ore-producers-as-the-strain-of-too-much-capacity-and-too-little-money-finally-hits-chinas-steel-mills/ If this is the case, well then I have still a lot of room to average down! And I’ll welcome lower ALS stock prices! :) Cheers, Gio Link to comment Share on other sites More sharing options...
giofranchi Posted March 2, 2014 Share Posted March 2, 2014 Don’t forget we are buying a Canadian asset when the Canadian Dollar is weak. This translates into the opportunity of buying a larger share of the pie, than we would have been able to do, if the Canadian Dollar were strong. :) 11. The Canadian dollar has been exceedingly weak versus the US currency over the past year. This is despite the growing likelihood that Canada will be the only advanced economy to soon be running a budget surplus, further burnishing its rare AAA sovereign credit rating. 12. One reason often given for the loonie’s weakness relative to the dollar is the supposedly stronger nature of America’s recovery. Yet, when considering the substantial divergence between the US and Canada over the last few years by the participation rate in the key working age cohort of 25 to 64, this explanation seems questionable. The separation since 2010 continues a trend that has been in place since 2000, perhaps an unintended consequence of the Fed’s chronically easy money stance since then which may be undermining our American economy’s innate vitality. (See Figure 7) Please, see the file in attachment. Gio EVA+2.28..2014_NA.pdf Link to comment Share on other sites More sharing options...
Guest Dazel Posted March 2, 2014 Share Posted March 2, 2014 Gio, Thanks for the attachment...great reading. Simply put if people were not worried about china etc....we would not be able to buy Altius shares. They would be too high...like most US blue chips. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted March 3, 2014 Share Posted March 3, 2014 http://www.miningweekly.com/article/asian-steel-giants-flexing-muscle-in-canadas-labrador-trough-2014-02-28 Link to comment Share on other sites More sharing options...
Liberty Posted March 3, 2014 Share Posted March 3, 2014 http://www.miningweekly.com/article/asian-steel-giants-flexing-muscle-in-canadas-labrador-trough-2014-02-28 Thanks. Low believes the Tata Steel and New Millennium JV, known as Tata Steel Minerals Canada (TSMC), and Alderon Iron Ore are among the few new entrants that will be able to successfully bring on line new production capacity in the Trough. Both companies have access to existing infrastructure. Link to comment Share on other sites More sharing options...
Crip1 Posted March 3, 2014 Share Posted March 3, 2014 To those of you who are picking up shares right now: You're welcome. You are the beneficiaries of the "Crip Effect" which, for those who have not experienced it, is the result of my opening a position or adding to a position in a given security which compels the share price of said security to drop by 5-10% within 20 trading days. -Crip Link to comment Share on other sites More sharing options...
giofranchi Posted March 3, 2014 Share Posted March 3, 2014 To those of you who are picking up shares right now: You're welcome. You are the beneficiaries of the "Crip Effect" which, for those who have not experienced it, is the result of my opening a position or adding to a position in a given security which compels the share price of said security to drop by 5-10% within 20 trading days. -Crip Hey! I have already copyrighted that one!! It is very well known all over the world as the "Gio Effect"... And it is a very valuable brand... Now you cannot steal it from me!! ;D ;D Gio Link to comment Share on other sites More sharing options...
gurjot Posted March 4, 2014 Share Posted March 4, 2014 gio effect or crip effect? the only way we can settle this claim is when you sell altius and and it goes up after. we will see who wins! :) Link to comment Share on other sites More sharing options...
beerbaron Posted March 4, 2014 Share Posted March 4, 2014 To those of you who are picking up shares right now: You're welcome. You are the beneficiaries of the "Crip Effect" which, for those who have not experienced it, is the result of my opening a position or adding to a position in a given security which compels the share price of said security to drop by 5-10% within 20 trading days. -Crip Hey! I have already copyrighted that one!! It is very well known all over the world as the "Gio Effect"... And it is a very valuable brand... Now you cannot steal it from me!! ;D ;D Gio You two should join your forces and buy after the other! BeerBaron Link to comment Share on other sites More sharing options...
alertmeipp Posted March 4, 2014 Share Posted March 4, 2014 I too have similar power, but it only works sometimes (fortunately). Link to comment Share on other sites More sharing options...
Crip1 Posted March 4, 2014 Share Posted March 4, 2014 To those of you who are picking up shares right now: You're welcome. You are the beneficiaries of the "Crip Effect" which, for those who have not experienced it, is the result of my opening a position or adding to a position in a given security which compels the share price of said security to drop by 5-10% within 20 trading days. -Crip BRILLIANT! -Crip Hey! I have already copyrighted that one!! It is very well known all over the world as the "Gio Effect"... And it is a very valuable brand... Now you cannot steal it from me!! ;D ;D Gio You two should join your forces and buy after the other! BeerBaron Link to comment Share on other sites More sharing options...
Guest Dazel Posted March 4, 2014 Share Posted March 4, 2014 http://www.google.com/finance?q=NASDAQ%3AWLB&ei=ov0VU9jZHon46wHmjQE altius is certainly not getting the love that Westmorland Coal is getting after the Sherritt deal. They are up another 8% today and almost a double since the acquisition...keep in mind they financed their part of the deal with 10.5% bonds and they are all coal in a business that is inferior to the royalty business. The market has just not figured Altius out. Link to comment Share on other sites More sharing options...
Williams406 Posted March 4, 2014 Share Posted March 4, 2014 With a 2% uptick today, looks like Crip and Gio are done buying, thankfully. I wonder what happens when they sell a stock...the stock manipulation possibilities here are interesting if I was in to that sort of thing. Mr. Market is goofy sometimes. In 2007 I invested in Contango Oil & Gas which had just drilled it's second well in its Dutch/Mary Rose discovery at the time of my initial investment. From my perspective, it seemed like the market was always a press release behind in valuing the company. I'd look at production/reserve additions/cash flow from each new well and when press release #3 came out, for instance, it looks like the market would finally decide to grant Contango stock the value of the production/reserve additions/cash flow from press release #2. That went on for quite a few wells and the investment was...a real gas, if you will). I hope this is a case where Altius shareholders have it right. Seems like a lot of ways to win in a Kami-or-Julienne Lake-or-full Sherritt deal (no rights of first refusal exercised) rather than a series of "ands". We'll see. 406 Link to comment Share on other sites More sharing options...
SharperDingaan Posted March 4, 2014 Share Posted March 4, 2014 Until the deal is done it is just speculation. But do the deal & PMs have to explain why they are not in it, & exchanges have to explain why this is not in the index. Index-huggers will have little choice but to get off the pot, & move quickly for first mover advantage. SD Link to comment Share on other sites More sharing options...
investor-man Posted March 4, 2014 Share Posted March 4, 2014 With a 2% uptick today, looks like Crip and Gio are done buying, thankfully. Hilarious Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now