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Can anyone please explain how AXX is trading lower than before the transmission line and Federal EA announcements which were both huge milestones???
I'm sure the 2nd offtake and $1 Billion financing are both done deals subject to those 2 milestones completed, so basically the project is almost completely de-risked! Has the market not digested the latest PRs or am I missing something?
Panama canal has nothing to do with Alderon. Alderon will ship out of Port of Sept Iles, Quebec directly to China.
Canal cannot handle big boats. Once complete it can. Right now Alderon needs to either send many smaller shipments via canal or use big ships around South America. Using big boats thru the Panama Canal reduces shipping costs dramatically with the distance reduction
what are you talking about??? What does the Panama Canal have to do with Alderon, a canadian mining company that will ship ore from the port of Sept-Illes to China???
Big month ahead
If Panama Canal expansion falls through, AXX in deep trouble
http://www.bbc.co.uk/news/business-25592574
If this gets resolved you will see trading in the 2s to 3 next month. If it doesn't it's back below a dollar
I disagree that's it's too early. According to Alderon's corporate presentation on its website, the 2nd offtake partner and environmental/construction permits were expected in Q4 2013. I'm sure the $1 Billion financing (also announced that they had a letter of intent from PNB Paribas Bank) is subject to environmental permits and 2nd offtake.
The million dollar question is, did any of the pending catalysts derail?
I think it's a little early for AXX to move up, there will be plenty of time to put new money to work, I think we will see .99 some time the first of the year .
This is starting to stink. 2nd offtake was due over a month ago...no permits...no news on financing...and now bad press on Hebei...This is not good.
Care to guess why the share price is plunging? I know there was some noise in VOCM articles about a possible delay, but not enough to explain today's action (especially the volume on TSX). Either panic selling by the uninformed or we this thing fell off the rails and we are the uninformed. Wrote to IR, but no response!
My thoughts are,
* They have one and one half years before they need money,
* Iorn is down,
* The Ore will be worth more down the line,
* You cant push on a rope.
* Production wont start for Two to Three Years.
Starting to lose patience here. 2nd off take partner was supposed to be done by October which came and went. I'm hoping it's a done deal pending environmental approvals which I'm hoping will be announced soon. I believe the deadline for the envrionmental approvals is early January. Keeping my fingers crossed that there are no glitches! Permitting, 2nd off take and financing. Once these 3 go down like dominos, then I think it will be smooth sailing from there. Any thoughts?
Next Partner on the horizon!
Normally I only write FACTS but this time I need to guess. Mark Morabito says financing will be done by the end of the year and another partner will be in place. Two catalysts going to hit this share positively in the next 7 weeks.
I believe this is true.
A take-over could also be possible in my opinion. In NAM the steelmaking companies building new DRI plants one after the other. Im working in the steelmaking business and I highly believe new announcements of DRI plants will come. Nucor Steel is going to run their furnaces to a higher percentage with DRI and same counts for other furnaces in NAM. New tube mills are getting build too in USA TPCO, Benteler and so on breaking ground to support the shale gas industry with more pipes.
There are many possibilities in the market as natural gas is cheap.
Whether it is take-over, financing and/or a new partner Alderon will finish and start up production as planned PERIOD.
Stay long stay strong!
My guess Alderon will be minimum at 4$ end of next year.
This is big! Next off take and financing were most likely subject to environmental approvals, so it's probably now more or less a done deal. See you at $10.
"The Agency concludes that the Project is not
likely to cause significant
adverse cumulative
environmental effects,
when the implementation
of mitigation is taken
into account."
Page 56 of Comprehensive Study Report of the Canadian Environmental Assessment Agency from October 28 2013!
This was already announced by Alderon on August 15. We have not had any news since september 12. I'm looking for a new PR showing positive indication that the environmental permits are coming. There is a lot more mining equipment purchases pending. If these are announced, that will be a positive signal that the permits are more or less a done deal. For me, this is key. Financing will fall into place once permits are a done deal. Once financing gets done, I think we are looking at a significant upside.
Metso to deliver key minerals processing equipment for Alderon’s Kami Iron Ore Project in Canada
http://www.metso.com/news/newsdocuments.nsf/web3newsdoc/B2405C7A2B9D31BDC2257C0C002AA334?OpenDocument&ch=ChMetsoWebEng&
Step by step...
Only 2-3 weeks from now and we have environmental permit ...
Stay Long!
Alderon Iron Ore Corp Price Target Raised to C$3.30 at Scotiabank
http://www.i3investor.com/servlets/fdnews/161116.jsp
great article. Pretty much sums up the situation. I think between now and year-end, all the pieces fall into place (2nd offtake, permits and financing). After that, construction begins and the share price takes off. Unless the price of iron ore tanks in the coming months, the share price will start moving towards $10 (just my opinion of course). Once this mine goes into operation (again assuming the price of iron ore doesn't tank), market cap should peak at $2 billion (about $12/share after slight dillution)
Company’s detailed environmental impact statement accepted, with public comments
The decision on whether or not to recommend the release of Alderon Iron Ore’s Kami mine project from environmental assessment is now with Environment and Conservation Minister Tom Hedderson.
http://www.thenorwester.ca/News/Local/2013-10-03/article-3416780/Decision-on-Kami-mine-now-with-minister/1
"One of the most interesting stories out there"
http://www.grandich.com/2013/09/grandich-client-alderon-iron-ore-2/
Gateway to China in remote Quebec
http://www.vancouversun.com/business/Gateway+China+remote+Quebec/8931589/story.html
NEW Presentation September 2013
http://www.alderonironore.com/_resources/presentations/ADV_PPT.pdf
Corporate Movie
http://www.alderonironore.com/investors/corporate_video/
"An agreement may be in place before October, followed within about three months by a comprehensive debt-financing package, Morabito said."
“The market by the end of the year will have full visibility on how this project is being financed and who is financing it,” he said, adding that negotiations have included some of Asia’s largest steel producers that aren’t government-controlled. “What people will see is that more money is coming in this year.”
no comments ...
Actually when I think about it. It's not to bad that not to many people having paid attention to the share. It's going up smoothly and when the news come out the share price is already way up.
I expect the next news soon on the second partner.
Volume is going up up up at the moment.
Good luck to all who understand how shale gas, DRI plants and demand will make this stock very valuable.
I think exactly the same! The next coming weeks will show the direction.
I personally believe that once 2nd partner and permits are announced, this is worth $3 minimum. Once $1 billion financing is put in place, this project is a done deal and share price should climb to $5.
Once mine goes into operation (and it should if partner, permits and financing happen), this should be $10/share.
Seems like nobody is recognizing how Alderon is going to get the second partner in line, the permitts approved and financing in place. The management is doing exactly what they announced. Very straight forward, organized and honest. End of this year this stock will be way over 2 dollars my guess. Permitts will be approved end of this year, Second partner will be announced in the next weeks and financing package will be a closed deal.
Waiting on the next weeks to come. Next news with the new partner will come no later than October my opinion (Mgmt sais before October hmm). If this is the truth as it always was we talk about mid of 2 dollars next month.
Saty Long
I think you misunderstood me. I meant this will be trading at $10 in 2 years. Of course as milestones are met (i.e. 2nd equity partner, environmental/construction permits and finally financing) this will start to move towards $10. What I meant is the same as you. I'm holding until the mine goes into production (about 2 years).
It's not about holding 2 years. The company will increase step by step over the next time it's value. I'm in the Metals and Mining business and hear and deal with this since years. Today the new News: http://finance.yahoo.com/news/alderon-announces-signing-project-financing-103000311.html
This confirmes the next steps are in the works for increasing comany value further.
The permits from my point of view will be easy to get as this is a well known area for mining and of mining companies. Canada lives from Mining.
So far Mark Morabito made everything happen and he always keept what he said. End of the year (2 month) he will present the permits you'll see.
This is seriuosly no question about holding for two years. Last trades show that people are holding this stock.
Good luck and look up the schedule of Alderon and you'll see every mile stone is in place so far and next ones will come as promissed. ALL FACT SO FAR.
Anyway I have the balls to hold as the amount I invested is not pocket money.
Couldn't agree with you more. Hebei invested $200mm. Nobody invests that kind of money for nothing. I'm not concerned about a second partner investing in AXX. I'm pretty sure it's a done deal and will probably be north of $3/share.
The only 2 hurddles are environmental and construction permits and the big one will be financing, although I believe it will happen based on how deep Hebei's pockets are.
This will be trading north of $10/share once the mine is up and running (in 2 years). The question is do we have the balls to hold on for 2 years!
Its about the value of a company!
DRI plants are on the go and grow like grass on a field and Iron Ore is needed more than ever. (Nucor, Voestalpine, Evraz ....)
This company is probably the best mining company to invest in right now. Land permissions will come soon, next chinese partner will come in the next weeks, orders are placed on equipment and will go on for further equipment. Just wait on the news and this company share will grow ... VALUE of this company is growing!
800% is probaly a shy guess
THX
Interesting
http://m.seekingalpha.com/article/1640712
Hope you picked up some during the "drop". It's only up from now on
Like another site poster said "this mine is getting built"
Wazzup w/the recent drop ?
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 3, 2013) - Hebei Iron & Steel Group Co., Ltd. ("HBIS"), China's largest steel producer, joined forces with the Government of Newfoundland and Labrador at a joint conference held in Beijing, China to further accelerate HBIS's investment in Alderon Iron Ore Corp. ("Alderon") and the Kami Iron Ore Project ("Kami Project") located in Western Labrador. A delegation of representatives of the Government of Newfoundland and Labrador, led by Premier Kathy Dunderdale, recently made a trip to China to explore trade and investment opportunities between China and Newfoundland and Labrador. As part of this trip, the representatives attended a conference to accelerate HBIS's investment in Alderon and the Kami Project. HBIS's investment is the largest Chinese investment ever into a Newfoundland and Labrador mining project and the Government of Newfoundland and Labrador has acknowledged its significance.
Representatives of HBIS and Alderon also had an opportunity to meet with the representatives of the Government of Newfoundland and Labrador to discuss the progress of the Kami Project and the benefits that it will bring to the Province. HBIS is confident after these meetings that the Government of Newfoundland and Labrador is supportive of the development of the Kami Project.
Senior officials from Hebei Provincial Government, National Development and Reform Commission (NDRC), Hebei NDRC, State-owned Assets Supervision and Administration Commission of the State Council, Hebei and China Development Bank as well as Bank of China Hebei Branch attended the conference. Canadian Ambassador Guy Saint-Jacques also attended the conference and spoke to the audience.
HBIS Chairman Wang Yifang and President and CEO Mr. Yu Yong attended the conference and Chairman Wang told the audience in his speech that HBIS continues to have a long term commitment and support the Kami Project. HBIS will introduce Alderon and the Kami Project to various Chinese Banks in order to obtain a portion of the project financing necessary to develop the Kami Project. HBIS's view is that Alderon's current share price does not reflect the tremendous value of the Kami Project. As Alderon and HBIS continue to jointly develop the Kami Project and meet each milestone, HBIS expects its true value will be reflected in the market.
Alderon Iron Ore Corp. (TSX:ADV)(NYSE MKT:AXX) ("Alderon" or the "Company") is pleased to announce the appointment of Mr. Brian Penney as Chief Operating Officer of Alderon effective immediately. Mr. Penney previously worked for the Iron Ore Company of Canada ("IOC"), a Rio Tinto subsidiary, for more than 15 years. During this period Mr. Penney held many senior roles including General Manager of Processing Operations, General Manager of Mining Operations and General Manager of Integrated Planning. Not only does Mr. Penney have extensive operating experience in iron ore, he also has a great deal of knowledge working within the Labrador Trough.
Mr. Penney's twenty years of experience in the mining sector also includes senior operating and environmental positions in the gold industry. He is a professional engineer and holds a Bachelor of Engineering Degree in Metallurgy from the Technical University of Nova Scotia (TUNS). Mr. Penney is returning to Alderon after spending time as the President & Chief Executive Officer of Ridgemont Iron Ore Corp. Ridgemont has recently announced a transaction whereby all of its common shares will be acquired by a Newfoundland focused gold exploration company.
"Brian and I worked together for many years at IOC and Rio Tinto and I am excited to have someone of his calibre re-join the Alderon team to drive the Kami Project straight through to production," says Tayfun Eldem, President and CEO of Alderon. "I am pleased that we are adding such expertise to our management team which already has extensive hands-on experience in the Labrador Trough and the iron ore sector. Brian's rich background and qualifications will be invaluable as we pursue our aggressive plans towards production."
About Alderon
Alderon is a leading iron ore development company in Canada with offices in Vancouver, Toronto, Montreal, St. John's and Labrador City. The Kami Project, owned 75% by Alderon and 25% by Hebei Iron & Steel Group Co. Ltd. ("HBIS"), is located within Canada's premier iron ore district and is surrounded by four producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production. HBIS is Alderon's strategic partner in the development of the Kami Project and China's largest steel producer.
For more information on Alderon, please visit our website at www.alderonironore.com.
ALDERON IRON ORE CORP.
On behalf of the Board
Mark J. Morabito, Executive Chairman
Cautionary Note Regarding Forward-Looking Information
This press release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this press release include, but are not limited to, statements with respect to (i) the development and construction of the Kami Project; and (iii) production from the Kami Project. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this press release is based on certain factors and assumptions regarding, among other things, receipt of governmental and other approvals, the estimation of mineral reserves and resources, the realization of resource estimates, iron ore and other metal prices, the timing and amount of future exploration and development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Kami Property in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the completion of the environmental assessment process, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achi
Alderon Closes C$119.9 million Contribution by
Hebei Iron & Steel Group
March 15, 2013
Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) (“Alderon”) is pleased to announce that Hebei Iron & Steel Group Co., Ltd. (“HBIS”) has contributed the remaining C$119.9 million of its initial investment and Alderon has contributed the Kami iron ore project (“Kami Project”) to a limited partnership (the “Kami Limited Partnership”) which is owned 25% by HBIS and 75% by Alderon. HBIS is China’s largest steel producer.
This concludes HBIS’s initial strategic investment, first announced on April 13, 2012, into both Alderon and its Kami Project for an aggregate amount of C$182.2 million, in exchange for 19.9% of the outstanding common shares of Alderon (completion announced on September 4, 2012) and a 25% interest in the Kami Limited Partnership which was established to own the Kami Project. Alderon has the remaining 75% interest in the Kami Limited Partnership.
Mark Morabito, Executive Chairman of Alderon, said “Alderon is very pleased with its long term partnership with HBIS, China’s largest steel company and among the largest steel groups in the world. The conclusion of this strategic investment further validates and meaningfully de-risks the project and leads the way to successful development of the Kami Project into a high quality iron ore mine.”
The entire C$119.9 million of investment proceeds contributed by HBIS will be used for the continued development of the Kami Project. In addition, Alderon and HBIS will be required to contribute to capital expenditures for the development of the Kami Project not covered by initial capital contributions and project debt financing, in accordance with their respective interests subject to the terms of the agreement governing the Kami Limited Partnership.
In connection with the C$119.9 million contribution, Alderon has provided confirmations to HBIS with respect to certain information rights related to the development of the Kami Project and the expenditure of the C$119.9 million contribution. In addition, Alderon has agreed that in the event that the environmental assessment and related approvals for the Kami Project are not obtained by March 31, 2014, Alderon will be required to pay to HBIS C$3 million per month for each whole month until such approvals are obtained.
Tayfun Eldem, the President and CEO of Alderon, said “The conclusion of this transaction with HBIS marks a significant milestone in the development of the Kami Project and further strengthens our potential to finance the remainder of the capital for the Kami project through global financial markets, including Chinese banks. Alderon now has both the initial capital and the China market access to build a leading company. We believe that this strategic partnership solidifies our ability to become the next major iron ore producer in the Labrador Trough. In addition, Alderon management is highly confident that the environmental assessment release and related approvals for the Kami Project will be obtained during the current calendar year, well in advance of March 31, 2014. ”
As part of the strategic partnership transaction, HBIS is obligated to purchase upon the commencement of commercial production, 60% of the actual annual production from the Kami Project up to a maximum of 4.8 million tonnes of the first 8.0 million tonnes of iron ore concentrate produced annually at the Kami Project. The price paid by HBIS will be based on the monthly average price per DMT for iron ore sinter feed fines quoted by Platts Iron Ore Index (including additional quoted premium for iron content greater than 62%) (“Platts Price”), less a discount equal to 5% of such quoted price. HBIS will also have the option to purchase additional tonnage at a price equal to the Platts Price, without any such discount. In addition, HBIS agrees to use its best efforts to assist in obtaining project debt financing for the Kami Project from financial institutions, including Chinese banks, and HBIS has agreed to co-operate with Alderon in its efforts to attract additional off-take partners in respect of the annual production from the Kami Project that has not been committed to HBIS.
For more information relating to the strategic partnership please review news releases issued by Alderon on September 4, 2012 and April 13, 2012.
About Alderon
Alderon is a leading iron ore development company in Canada with offices in Vancouver, Toronto, Montreal, Labrador City and St. John’s. The 100% owned Kami Project is located within Canada’s premier iron ore district and is surrounded by four producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.
For more information on Alderon, please visit our website at www.alderonironore.com.
ALDERON IRON ORE CORP.
On behalf of the Board
"Mark J. Morabito"
Executive Chairman
E: info@alderonironore.com
www.alderonironore.com
For Investor Relations, please call:
Ian Chadsey
514-817-5799
) Chinese Steel Prices Improved, Iron Ore Prices Did Not
In February, steel prices rose, but steelmakers still reported losses of as much as $48.24 a ton. 15-month highs in the price of iron ore did not help the Chinese steel industry. This suggests that excess supply still remains for the steel industry.
On March 14, the import price of 62% iron ore fines dropped sharply by 4.4%. In February, imports declined 16% compared to a year ago.
http://seekingalpha.com/article/1276821-how-much-more-downside-is-there-in-cliffs-natural-resources?source=email_rt_article_title
Waiting....and.....waiting
Tomorrow and Friday should be very interesting. Sorts will either gain a lot of money or lose a lot depending on Hebei
commission is pretty much $30 per 1k shares I buy. same for selling adds up when there is a lot more.
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Alderon is a development company with an iron ore project located next to mining towns of Wabush, Labrador City and Fermont in Western Labrador, Canada. The property is also surrounded by four producing mines and is within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market.
Kami currently hosts an NI 43-101 Mineral Resource estimate of 490 million tonnes indicated at 30.0% iron and an additional 598 million tonnes inferred at 30.3% iron. Further information about Alderon's resource estimate can be found in the April 5, 2011 and September 13, 2011 news releases. A total of 26,000m of infill and exploration drilling is being carried out in the 2011 Summer/Fall program.
Based on the recently completed Preliminary Economic Assessment,Alderon plans to commence commercial production in 2015 at a rate of 8 million tonnes per year at a grade of 65.5% iron. The Preliminary Economic Assessment also illustrated robust project economics including an NPV of US$3.07 billion, an IRR of 40.2%, with a payback period of 2.7 years.
Worldwide demand for steel will keep driving iron ore prices upward and Alderon is well positioned to benefit from the continued demand. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.
Recent News
|
September 6, 2011
SHARES OUTSTANDING: | 82,615,264 |
FULLY DILUTED: | 96,952,349 |
WORKING CAPITAL: | CDN $16.2M |
Options/Warrants | |
Options | 9,215,000 |
Finder's Warrants ($2.75) | 90,910 |
Investor Warrants ($2.80) | 4,594,262 |
Broker Warrants ($2.20 & $2.80) | 436,913 |
Total | 14,337,085 |
Significant Holders | ||
Insiders | 9,792,202 | 11.9% |
- includes Mark Morabito | 3,230,000 | 3.9% |
Altius | 32,285,006 | 39.3% |
Vancouver Office | Toronto Office | |
Phone: 604-681-8030 Fax: 604-681-8039 Attn: Mark Morabito | Phone: 416-309-2138 Fax: 416-861-8165 Attn: Matt Simpson | |
Mailing Address: 1240 - 1140 W Pender St. Vancouver, BC, V6E 4G1 | Mailing Address: 65 Queen St. W., 8th Floor Toronto, ON, M5H 2M5 | |
Montreal Office | St. John's Office | |
Phone: 514-989-3135 Fax: 514-934-4640 Attn: Brian Penney | Phone: 709-576-5607 | |
Mailing Address: | Mailing Address: 804-10 Fort William Place, Baine Johnston Center St. John's, NL, A1C 1K4 |
Email
info@alderonmining.com
Breaking News________________________________________________________________________________________________________________ Oct 6, 2011 View More + |
Rebember to do your own research before you invest in any stocks. Happy investing!!!
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