RE:RE:RE:RE:RE:RE:Apparent Reason for todays Surge in Share Price on Hi VolumePoster Ho Ho, You may be the Ho Ho who posts good stuff on the Farifax board regarding Altius and with respect to such good input , here is a serious reply.
I have no deep facts about the CDP properties, having taken a seat of the pants approach guided by instinct to my evaluation of Altius. The base for my consideration of any elements of the Altius story is a firm conviction that Altus management are hard working, blue collar ethic people in the right place at the right time.
Lets start with the CDP properties. When I saw the release on Dec 24, I was most excited by CDP based upon the low price, and the massive land area which I immediately converted from hectares to civilized language. I took the position that Alitus found this deal for money man Liberty Mutual who had good reason to trust Altius. Altius made the price low on the CDP part of the deal cause they kept it from themselves. I believe one big reason the Toronto School Board Pension Fund dumped their half on Altius, is because they were feeling pain everytime they had to pay their half of Sherrits holes in the ground campaign. Sherritt may have been digging more holes in the CDP property than Sherritt management has in its heads and making the co owner pay for them. Altius will do better. Both Sherritt and the Toronto School Board Pension Fund are heavyweights in their respective fields and had good reason to want to be involved in the CDP properties from a theoretical standpoint. But hey couldnt get it right. Alitus wil get it right. l I have heard the properties described as legacy properties ( an assertion I can not begin to substantiate, but which feels right). If CDP was not a super thing, and Altius needed to buy it to make the overall deal go through, it would have been reasonable for Altius to have asked Liberty Mutual to go in for half. So now we have the best royalty management team in the business, Altius, taking CDP for themselves and structuring the price real low. Coincidence or master stroke? :) I could go on with more seat of the pants analysis, but enough for now. With respect to the large force of ripple tooters with formulas and formal analytical tools front and center, who have commentary about Alitus, enough off the wall analysis for now.
Canada Moose