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Source: Adrian Day 05/31/2022
Altius Minerals appears to have numerous growth opportunities under its belt. Expert Adrian Day goes over the latest updates and some news in other promising resource companies.
Altius Minerals Corp. (ALS:TSX.V) held an “investor day” last week.
Although it was mostly a review of their business and approach, there was one significant new item, while the presentations emphasized two things: first, Altius acts countercyclically; and second, there are multiple valuation-creation opportunities within the Altius portfolio.
Altius and its founder Brian Dalton have always seen the need to act countercyclically in an inherently cyclical industry.
This is a time for harvesting, while new opportunities will come from within its portfolio rather than from large-scale acquisitions.
Much Value Within Altius’ Portfolio
We have discussed the company’s valuation-creation opportunities before. Among these are:
- a possible go-public event for Lithium Royalty Corp (LTUM:OTCQB)., in which Altius is a 12.6% founding shareholder, which from LRC comments seems much closer than before
- a new discovery at the Chapada mine (now Altius’ largest asset)
- exciting drilling results from Voisey’s Bay, extending Altius’ royalty
- the Kami iron ore deposit, which Altius discovered and over which it holds a royalty, under active consideration by owner Champion to move to a production decision
- Both Nutrient and Mosaic signaling increased potash production, with Altius owning royalties over several of their top mines and likely candidates for expansion
Altius still see opportunities to add to its investment in Altius Renewal Royalties, coinvesting with Apollo Management.
A Gold Portfolio Offers Value Enhancement
Dalton discussed the current thinking of Altius’ precious metals royalties.
The successful prospect generation business is now over one-third precious metals, while Altius also holds some royalties separately, many from the Callaghan acquisition in early 2015.
Dalton described this as an emerging gold and precious metals royalty business.
He said the board had recently conducted a corporate strategy session and decided that a precious metals business does not fit in the Altius business, and various alternatives were possible to release the full value, including selling it or swapping it for royalties that would be a better fit.
Altius might look to leverage its existing gold royalties by building the company before selling it.
Altius Shares Compete With Other Opportunities
The company also discussed its buyback program.
It views buying back its own shares differently from most companies, not primarily as a way of returning capital to shareholders, but as an investment that competes with all other potential growth opportunities.
If buying its own stock has a higher projected return than another opportunity, then it will buy its stock.
Altius noted that three of its eight units had already fully paid back all costs while continuing to generate revenue (Voisey’s Bay, Labrador Iron, and the Callaghan acquisition), with a couple closer to doing so.
Altius remains a core holding for exposure to the broad commodities sector, and a solid buy here for those who are underweighting the stock.
Orogen Continues With its Farm-Out Program
Orogen Royalties Inc. (OGN:TSX.V) announced it had optioned another of its properties, this being a copper-gold porphyry project in Sonora, Mexico to Riverside, where it will fall under that company’s alliance with BHP.
Riverside can earn 100% interest in the Llano de Nogal project by making payments of $2.5 million and exploration expenditures of $5 million over a six-year period.
Orogen will retain a 1% royalty (which can be bought down to 0.5%).
This deal fits within Orogen’s new royalty acquisition parameters, whereby it is prepared to divest 100% of a project in return for strong spending commitments.
In its first-quarter results, which included the first full quarter of revenue from Ermitaño, CEO Paddy Nicol noted that the company have generated a profit for the quarter.
The Ermitaño royalty generated $738,842 while prospect generation activities produced another $182,459.
The company has $7.3 million in cash and short-term investments, with no debt.
It also holds shares in other companies valued at approximately $3.5 million.
Orogen remains one of our favorite juniors and is a strong buy at this price.
Agnico Increases Investment in Cartier
Cartier Resources Inc. (ECR:TSX.V) said Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) was undertaking a placement in the company consisting of 14 million units at $0.13 per unit, consisting of a share and a warrant to buy additional shares at $0.16.
Agnico owns almost 18% of the shares in Cartier, but if the warrants were exercised, it would rise to 19.7%.
It is clearly positive to see Agnico want to exercise its rights to acquire additional shares.
However, Cartier has undertaken pretty much one placement each year since 2013; since then its shares outstanding have nearly quadrupled.
We are holding Cartier.
TOP BUYS this week include, in addition to the above, Osisko Gold (OR.NY, 11.64); Vista Gold (VGZ.NY, 0.825); Wheaton Precious Metals (WPM.NY, 42.44); Hutchison Port (HPHT, Singapore, US$0.23); Royal Gold (RGLD, Nasdaq, 115.33); Ares Capital (ARCC, Nasdaq, 19.87); Barrick Gold (GOLD.NY, 20.60); and Pan American (PAAS, Nasdaq, 22.75).
Originally published on Mar. 28, 2022.
Adrian Day, London-born and a graduate of the London School of Economics, is the editor of Adrian Day’s Global Analyst. His latest book is “Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks.”
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1) Adrian Day: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. Funds controlled by Adrian Day Asset Management, which is unaffiliated with Adrian Day’s newsletter, hold shares of the following companies mentioned in this article: None. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Adrian Day’s Disclosures
Adrian Day’s Global Analyst is distributed by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. Publisher: Adrian Day. Owner: Investment Consultants International Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor’s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. ©2021. Adrian Day’s Global Analyst. Information and advice herein are intended purely for the subscriber’s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.
( Companies Mentioned: ALS:TSX.V,
ECR:TSX.V,
OGN:TSX.V,
)
Source: Chris Temple 05/30/2022
Don’t be asleep at the switch. Chris Temple of The National Investor explains why you should look at this helium company now.
In the first of two videos several weeks ago (they are available right here), I spoke with Royal Helium Ltd.’s (RHC:TSX.V; RHCCF:OTCQB) Chief Executive Officer Andrew Davidson for an overview. Among other things, I lamented not having acted on such a unique story much earlier and at much lower prices.
Happily (for those of us asleep at the switch previously), the pullback in even the best stories among junior resource explorers has given us another bite at this helium-centric apple at an attractive level — a level near where the company’s shares stabilized about a year and a half ago after a previous big move.
Compared to back then, Royal Helium is light years more than the company it was. Aside from its own massive land position that already hosts several very attractive resource targets for suddenly fairly scarce helium, the company announced at the beginning of this month that it was acquiring competitor Imperial Helium Corp. (IHC:TSX.V; IMPHF:OTCQB). As you’ll read at that link, among the highlights of the merger is that the combined/larger Royal will have a much nearer-term development and production outlook.
At our Chicagoland conference which took place right after this announcement, the company’s Dean Nawata went into more detail on the whole enhanced picture right here.
For present purposes I am not going to reinvent the wheel: Andy’s and Dean’s portrayal of things should have you salivating as much as I newly am! But I WILL urge you to pay especially close attention to the global dynamics for the helium industry overall, as well as to the goal of the province of Saskatchewan being a new, major player on the global stage. Royal has the potential to contribute mightily to this in the coming months or year or two.
Royal Helium is started as a BUY and added to my roster of Growth-oriented stocks.
Chris Temple is editor and publisher of The National Investor. He has had an over 40-year career now in the financial/investment industry. Temple is a sought-after guest on radio stations, podcasts, blogs and the like all across North America, as well as a sought-after speaker for organizations. His ability to help average investors unravel, understand and navigate today’s markets is unparalleled, and his ability to uncover “off-the-radar” companies is likewise. His commentaries and some of his recommendations have appeared in Barron’s, Forbes, CBS Marketwatch, Wall Street’s Best Investments/The Cabot Group, Kitco.com, the Korelin Economics Report, Benzinga.com, Palisade Radio, Mining Stocks Education, Mining Stock Daily and other media.
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Disclosures
1) Chris Temple: I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: Royal Helium Ltd. I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: None. My company has a financial relationship with the following companies discussed in the broadcast: None. Chris Temple’s and The National Investor disclosures are listed below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Imperial Helium Corp. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Royal Helium Ltd. and Imperial Helium Corp., companies mentioned in this article.
Additional disclosures
The National Investor is published and is e-mailed to subscribers from chris@nationalinvestor.com. The Editor/Publisher, Christopher L. Temple may be personally addressed at this address, or at our physical address, which is: National Investor Publishing, P.O. Box 1257, Saint Augustine, FL 32085. The Internet web site can be accessed at https://nationalinvestor.com/. Subscription Rates: $275 for 1 year, $475 for two years for “full service” membership (twice-monthly newsletter, Special Reports and between-issues e-mail alerts and commentaries.) Trial Rate: $75 for a one-time, 3-month full-service trial. Current sample may be obtained upon request (for first-time inquirers ONLY.) The information contained herein is conscientiously compiled and is correct and accurate to the best of the Editor’s knowledge. Commentary, opinion, suggestions and recommendations are of a general nature that are collectively deemed to be of potential interest and value to readers/investors. Opinions that are expressed herein are subject to change without notice, though our best efforts will be made to convey such changed opinions to then-current paid subscribers. We take due care to properly represent and to transcribe accurately any quotes, attributions or comments of others. No opinions or recommendations can be guaranteed. The Editor may have positions in some securities discussed. Subscribers are encouraged to investigate any situation or recommendation further before investing. The Editor receives no undisclosed kickbacks, fees, commissions, gratuities, honoraria or other emoluments from any companies, brokers or vendors discussed herein in exchange for his recommendation of them. All rights reserved. Copying or redistributing this proprietary information by any means without prior written permission is prohibited. No Offers being made to sell securities: within the above context, we, in part, make suggestions to readers/investors regarding markets, sectors, stocks and other financial investments. These are to be deemed informational in purpose. None of the content of this newsletter is to be considered as an offer to sell or a solicitation of an offer to buy any security. Readers/investors should be aware that the securities, investments and/or strategies mentioned herein, if any, contain varying degrees of risk for loss of principal. Investors are advised to seek the counsel of a competent financial adviser or other professional for utilizing these or any other investment strategies or purchasing or selling any securities mentioned. Chris Temple is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. He is also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
Notice regarding forward-looking statements: certain statements and commentary in this publication may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 or other applicable laws in the U.S. or Canada. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of a particular company or industry to be materially different from what may be suggested herein. We caution readers/investors that any forward-looking statements made herein are not guarantees of any future performance, and that actual results may differ materially from those in forward-looking statements made herein.
Copyright issues or unintentional/inadvertent infringement: In compiling information for this publication the Editor regularly uses, quotes or mentions research, graphics content or other material of others, whether supplied directly or indirectly. Additionally he makes use of the vast amount of such information available on the Internet or in the public domain. Proper care is exercised to not improperly use information protected by copyright, to use information without prior permission, to use information or work intended for a specific audience or to use others’ information or work of a proprietary nature that was not intended to be already publicly disseminated. If you believe that your work has been used or copied in such a manner as to represent a copyright infringement, please notify the Editor at the contact information above so that the situation can be promptly addressed and resolved.
( Companies Mentioned: IHC:TSX.V; IMPHF:OTCQB,
RHC:TSX.V; RHCCF:OTCQB,
)
A lot of investors wonder about the lack of movement in gold and silver, especially given rampant inflation. Why haven’t we seen a big rally in precious metals as many expected? Why shouldn’t you just give up on gold and silver? Peter Schiff answers these questions in this video. You bought gold and silver betting […]
The post Peter Schiff: Why Shouldn’t You Give Up on Gold and Silver? first appeared on SchiffGold.
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The post Consumer Confidence Drops Again first appeared on SchiffGold.
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