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Altius Minerals Corp T.ALS

Alternate Symbol(s):  ATUSF

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.


TSX:ALS - Post by User

Bullboard Posts
Comment by jjstoon Nov 30, 2011 8:37am
269 Views
Post# 19277742

RE: ALS Buybacks

RE: ALS BuybacksYeah, I noticed that. I am glad they seem to have finally started a more consistent buy back program, even if it is small. Just eyeballing the numbers, it looks like they are buying about 4,500 shares a day with an average volume around 34,000. So, that's about 13% of the volume per day. I'm fine with that. With $200m in cash, that might not seem all that significant, but if they continued it for a year, that would be about 1.1m shares or around 3% of the outstanding float. My main point with the buybacks is that conceptually, if there was another publicly traded company with assets identical to those of Altius, I feel like management would be aggressively purchasing their stock in the open market. As they continue to grow into more of a Merchant Bank/Royalty Acquisition company, where are they going to find royalties priced more cheaply than what the market is pricing their own?
Bullboard Posts