RE:RE:RE:RE:RE:Alderon Announces Off-Take Transaction With Glencore
On page 16 of their current presentation they show that in their FS they show with prices from $87-91 @8% an NPV of around 2 billion. NOt sure if this is after or before taxes.
So I do not know where iron ore prices are at the moment but I would say that even at prices below the ones mentioned above there should be an NPV that exceeds the current market cap by some dollars.
Let's assume that one third of the NPV at $87-91 is possible this still would be something like a triple or compared to the current market cap.
I am not directly buying te stock but am happy that each Altius share comes with one share of Alderon (32,2mio ALS vs. holding of 32,8mio ADV shares) and if ADV gets the financing done I would not be surprised to see one of the bigger guys knocking for a takeover.
And I hope that altius takes the money to pay down their debt as fast as possible to be able to start buying back shares again or maybe start paying a dividend wheres I would prefer them to buy back shares.
Just my personal thoughts. DYODD
carinthian