Altus Strategies Share Discussion Threads

[spangle93] 01/9/2021 07:51

Interesting news of a parallel vein at Tabakorole
"The discovery of this parallel, shallow and high-grade gold zone has significant implications for the potential of the Tabakorole gold project in southern Mali."




Of perhaps greater short term potential for the share price, a new mineral resource estimate is being prepared this month

A total of 4,140m of DD and 5,400m of RC drilling has been undertaken by Marvel in 2021. The results of these programmes will feed into an updated resource statement (in accordance with the JORC code), which is expected to be completed in late September 2021. Key highlights from the 2021 drilling programmes are:

· Northwest Zone: Potential increase in strike length by 150m with potential improvement of grade in this zone;

· Parallel Zone: Discovery of shallow, high-grade mineralisation outside of the existing deposit;

· Central Zone: Discovery of further mineralisation outside of the existing deposit with potential improvement of grade in this zone; and

· Southeast Zone: Potential increase in strike length by 150m.

With the strike length of the deposit increased by a total of 300m (to 3.2km) to the southeast and northwest, and with multiple shallow intercepts having been made outside of the previously modelled deposit, the updated MRE is expected to see enhancements to both the volume and grade of the deposit.

[kaos3] 26/8/2021 15:40

strange - another 1 share bought at full ask

- on 1W there is a huge gap closed at 77p from March - but this run opened a new gap on 1W to be filled - @ cca 60 p. I am almost out. good luck. profits will be left in.

[kaos3] 26/8/2021 08:16

1 share trade

[kaos3] 24/8/2021 07:20

.........

excellent

hard working people will be rewarded. people who create. who the stakeholders depend on. I like inclusion of the broader management team.

I miss Morocco regional manager and ecology & sustainability manager. both very important from the operational perspective and current and future world climate perspective.

omission will (must) be adjusted at some point because we are in all of this together.

[spangle93] 23/8/2021 15:42

Skyship - not sure if this affects your charting, but IIRC the peaks at the start of previous significant rises were significantly in excess of the closing price on that day. I wasn't a holder at that time, but I'm pretty sure it went close to 100p in August 2020 on intraday trading

[skyship] 23/8/2021 14:20

Bid price at 69p+ up 21% since last week's 57p; so have banked a useful turn. Will re-join if they pull back...though of course they could continue up to the end 2020 level in the low 80s. So, GLA...

[robertstronghand] 23/8/2021 13:32

Trident got 10% on their loan facility this summer, an established mid tier gold miner like Eldorado just got 6.25%.

[catsick] 23/8/2021 11:35

The libor +9% is a but lumpy, that needs to be refinanced asap down to closer to 5%

[robertstronghand] 23/8/2021 10:20

The margin on Caserones is $300k, good but they should be looking to get the principal down, ideally not through an equity raise, in the long term inflation, rising copper prices, and extension of mine life, will take care of it, but short term will still need a repayment from somewhere.

[frizzers] 23/8/2021 08:56

Maybe today's RNS is the seam you were describing Spangle93

[kaos3] 22/8/2021 18:43

Altus has several billionaire backers.....

hmm khmmm

who are not buying more of this "free money, private printing press". they must be stupid ! or what (or at least not greedy - they decided they have enough)

I am confused. My permanent state

OR

there is a reason for which highly sophisticated, well informed do not buy more

[frizzers] 22/8/2021 18:33

They already are listed on the Venture - TSX-V:ALTS.

The 100-mile long seam of dollar bills is the only option.

[spangle93] 22/8/2021 17:55

So maybe for the benefit of themselves and UK shareholders, they should dual list on the TSX-V, so that those who know how to value these entities could get the price up a bit.

I must admit that it feels that if they issued an RNS on Monday saying that they'd located a 100 miles long seam of $10 bills, the price would rise a couple of pence on opening and fall into negative territory by the end of the day.

[skyship] 22/8/2021 15:26

Mushypeas - bravo, thnx......:
==============================

The best bet on Aim

On Aim, one company stands out for me: Altus Strategies (Aim: ALS). Quite what this £50m marketcap stock has to do to achieve a “fair” price, I’m not sure, but it offers extraordinary value at 60p. It has influential partners and investors, is doing sterling work on the ground and seems to be announcing positive news almost every week.

I think part of the problem is that this company has so much going on. Altus farms out assets in joint ventures, royalty deals and so on, thus getting others to pay for the drilling and development, but it also has projects it is developing alone. Project generators, with a portfolio of assets, are never quite as easy a sell as
single-asset-focused companies.

It is operating in several North African countries, where there is no shortage of gold. It has influential allies and first-mover advantage in almost all of them.

Altus has several billionaire backers. Its biggest shareholder is La Mancha, the office of an Egyptian billionaire, which owns 35%. La Mancha has only two other listed strategic resource investments (both gold companies in Africa), one of which is Endeavour Mining, worth over C$1bn. That puts its investment in Altus into perspective.

A similar company is Canada’s EMX Royalty, withamarket cap five times bigger.

What can I say? “One day, Rodney... ”

[mushypeas] 22/8/2021 13:54

Moneyweek page 20

[kaos3] 22/8/2021 12:54

nice mini reversed H&S there somwehere on the als chart

[skyship] 22/8/2021 12:37

Very annoying. Friday's volume was clearly post a tip; but unable to find where. Not the IC, MoneyWeek or Telegraph. So where?

[robertstronghand] 20/8/2021 17:07

I notice "The Facility incorporates an automatic prepayment provision which applies to future cash proceeds from equity capital raised by Altus". Actually think commodities will being correcting whilst gold will be moving up now, so timing is off, plus political risk in that part of the world has increased. Also a mission statement change "La Mancha strongly supports Altus in its objective of establishing a global portfolio of cash paying mining royalties to complement its organically generated royalty portfolio in Africa", so are we to expect more outside Africa?

[skyship] 20/8/2021 16:09

Interesting increase in volume today - tipped somewhere perhaps. The trades suggest as much.

MoneyWeek again perhaps...

[kaos3] 19/8/2021 17:58

for a cash consideration of US$34.1M. The NSR interest is expected to generate approximately US$3.2 million (post-tax) per year attributable to Altus. = cca 9% return all being the same....

and next year they will be paying libor + 9 %

cant see much of a logic if:

1. they do not get much cheaper finance (equity to them is free financing heh heh)
2. copper and molly prices go up

we got imho an expensive bridge financing - for a relative big project for ALS size and its current cash position and development stage of its many project - out of proportion. this transaction (without any further reasonable explanation provided) in Chile (country risk?) without any hint of intention of doing such deal around the globe makes no sense to me.

and now imho I know why the shares went down since the insiders knew it - despite good drilling results, new great licences, falling way down from the last equity issue price of 70p...... etc etc

I hope our largest shareholder will not use this loan as a backdoor step into diluting us at some point

since MANO or was it AAAM or something I do not trust this management completely (hush hush - I do not trust them at all - but I still buy knowing that - for a fast one - and it looks I am paying for my sins of not being loyal to myself)

- by taking on this "huge" loan - did they just crippled their BS - removed the further flexibility and drew ALS into the future corner without any saying how they plan to get out of it (but the dilution - new finance and loan conversion)

[robertstronghand] 18/8/2021 11:54

This is my only Africa holding for said reasons, always thought the idea was to invest in different African countries to minimise the risk, besides Egypt, Morocco and Mali aren't too risky anyway. Never heard them say they would look elsewhere.

[skyship] 17/8/2021 09:56

robert - but glory be - not in dangerous and corrupt Africa. So a diversification much appreciated by this investor...

[robertstronghand] 17/8/2021 09:34

South America and Copper, bit outside the remit but if it makes sense as a standalone deal then fine.

[kaos3] 12/8/2021 10:42

latest ballistic results are on 100 % owned property ;)