Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Copper

Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., which is focused on the acquisition and management of renewable energy investments and royalties.

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Altius Minerals Corp

Bullboard Posts

Post by greenandgoldon Mar 30, 2011 12:46pm

542 Views

Post# 18361600

Stock Buyback Announced

Altius is using some of its cash-hoard to buy back up to 5% of their stock over the next year. While other companies are printing shares like the US government prints its funny money, Altius is improving the values of our shares. Terrific management.
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Also a very strong signal to the market that Altius is deeply undervalued. The 2 last times Altius did a buyback program, during the 2008 and 2009, they re-purchased 2.6 million shares at an average cost of $5.93 and 100,000 shares at an average cost $5.35.
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The board was absolutely right about the undervalued stock then, we see how the stock price has more than doubled. With Alderon set to rise and income from Voisey's Bay quadrupling after the end of the strike could another double be coming?

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