Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

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

Altius Minerals Corp

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Comment by Greenandgold.on Nov 30, 2011 8:13pm

283 Views

Post# 19281329

RE: RE: RE: RE: ALS Buybacks

"They simply cannot spend all the cash......I don't understand why they are just building bigger and bigger piles of cash that is not working for anyone"
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What a terrible problem to have--ALS management is earning way too much cash! That's as bad as cancer.
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On a serious note, give these guys a chance to put the money to use. Remember that they're some of the most ambitious players in the Canadian junior sector. They made a proposal to finance the Lower Churchill Hydro plant. They made an offer to merge with International Royalty Company in 2009. They tried to build a freaking oil refinery.
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If the market stays cheap there's no doubt Brian Dalton will make excellent moves with that $189 in cash: acquisitions of royalties, acquisition of companies, energy projects, etc.

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