Elemental Altus Royalties – 2022 Financial And Royalty Partner Operations Review, And Growth Outlook For 2023
Fredrick Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) joins us to review the key financial and operations metrics from 2022, key royalty partner updates, and the growth strategies for 2023.
2022 started out with a hostile takeover bid from Gold Royalty Corp which was fought off by the Company, then followed by an announcement in June of an at-market merger with Altus Strategies. Fred explains how this merger immediately increased the value of the Company and the overall royalty portfolio. We also highlight the recent transaction to acquire a portfolio of 19 uncapped royalties from First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF).
We review the importance of the cornerstone Casserones copper royalty in Chile, the exploration growth potential at and around the Laverton Royalty, and also the ongoing bidding process for a new operating partner at the Ming Mine and royalty. 2023 has already seen a few new royalties acquisitions, and Fred believes there are a number of other transactions that will develop as the year unfolds.
If you have any follow up questions for Fred regarding Elemental Altus Royalties or the royalty sector please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Elemental Altus Royalties
Click here to view recent news on the Elemental Altus Royalties website
Lion One is being punished by the market for a financing they just completed for 92 cents, such a great stock that is misunderstood and now pummeled by investors that don’t understand value, herein lies an opportunity to benefit for those that do. DT
Yeah, I saw Lion One hit in my portfolio today, and then saw it was due to the financing announcement. They are moving into small scale production, which will eventually allow them to fund exploration organically through mining revenues, so it makes sense to cash up. Also their deal with Fiji was that they’d start mining soon, which will provide more local jobs, and bring in tax revenues to the government. I still really like the LIO assets a great deal, and they have made some truly stunning gold discoveries at depth over the last 2 years up through very recently.
Another day of same algos and intervention. New month and same action. Alternating days with concentration in those with stronger potential to keep things in a mean reversion without regard to quality or fundamentals.
(Along these lines, see http://www.wallstreetonparade.com and article on JP Morgan and hedge fund action against banks. Same mindset, different sector)
Pretty much everything down but Magna up today in CAD and Magna is the biggest loser I’ve had this year. There is no harm in letting it go up once in awhile as it is far from green.
I may reach out to the guys at Magna soon to see if they want to come on for a company update.
Nothing I can prove, but Magna and Emo seem to perform similarly in that they have been steadily walked back in recent months. What is also similar is that there is a general pattern of alternating days. Magna was accepted by Interactive Brokers but Emo was not when I did the transfer. The interesting thing is that on down days in Schwab, it is mostly Emo. In down days with IB, it is mostly Magna. The other interesting thing is the remaining stocks will zero out in both accounts.Not always true, but often enough to be concerning. Both Emo and Magna have over time shown nothing but expansion of potential resources and a variety of metals which is important to the electrification movement. It causes one to almost conclude that the more an explorer price is counter intuitive to the downside, the more valuable it may be to managed money. Therefore, I hold Emo and Magna rather than go against fundamentals and accept a greater downside risk.
Got some gas. UNG @6.17, will leave boil alone although better leverage.
May add to the leverage taken early March with long dated calls on the generals, FNV AEM NEM ABX.
Lake, Magna biggest loser for you, but it seems a winner for Wolfster, go figure.
Oh the much accumulated bag holder dregs true to form, latest pump and dump casualty LIO.
Underperformance with rest of the sector also true to form with few exceptions while gold keeps hope alive for months and months.
I’ll be the first to admit over the past month it’s one of my bigger underperformers in my long term portfolio but I also added there on this drop and in my short term portfolio I’ve jumped back in again too…..I’m actually over .60 Canadian on my ave cost now in long term holdings and if other plays continue up I hope to get more.
I should add I’ve reached Hedgeless territory with Magna as I’ve done something I don’t normally do and that is recommended family members to buy as well.
I do not own Magna, but have considered buying some after the Crescat Effect seems to have worked it’s way through the share price
I find the chart interesting, with respect to a possible bottom.
Although it’s taken quite the hit year to date, I like Magna much better than most of the small caps for it’s assets but not in a rush to buy. Hopefully it’s not another bought deal victim. LOL
Jon syl – What in the world are you talking about with Lion One being a pump & dump?
>> You don’t have any clue what your are talking about when you write things like this:
“Oh the much accumulated bag holder dregs true to form, latest pump and dump casualty LIO.”
– Jon syl
Either you don’t understand what a real “pump and dump” is, or you just have no idea what has been going on with Lion One for some time now (years). LIO has been around for along time, and has made some indisputable fantastic gold intercepts over the last 2 years, and with some of the best holes drilled by any gold exploration company. So this isn’t some fancy marketing narrative on moose pasture to con dumb money… Their exploration success is fact and reality. Pump and dumps don’t have any of that… just a dream…
—> Here is some of the recent gold proof in the pudding from their Tuvatu Project:
– (TGC-0034) – 88.07g/t Au over 5.7m (including 1,396g/t Au over 0.3m)
– (TUG-149) – 12.89 g/t Au over 12.9 m, then 84.61 g/t Au over 3.9 m, and then 48.65 g/t Au over 5.4 m
– (TUDDH 608) -17.52 g/t Au over 23.7m with 10.4m
– (TUG 141) – 20.86 g/t Au over 76.9m
– (TUDDH 601) – 12.22 g/t Au over 54.9m
– (TUDDM-001) – 14.96 g/t Au over 24.0m from 81.8-105.8m including, 105.19 g/t Au over 0.3m
Lion has been on a very long journey (and isn’t some flash in the pan that just got covered pumped and then dumped)… I’ve been following it for about a decade now and been invested it in for a few years, and it has been on a constant roller coaster down and up and down and up, not just a single parabolic move up and then down.
Back in March of 2015 it got down to $.17 and has traded as high as $2.60. Last year in October it pulled down in the low $.60s like many resource stocks, and yes it rallied up to $1.07 this January, then pulled back down to $.81 in February, and then made it back up to $1.07 resistance again just recently, and now has sold back off to $0.87 today (less than the $0.92 financing… so a bit of an overreaction from the market). Does that sound like pump and dump price action? No way…
Look, one of the warts with Lion One has has been the continual comments to the market that it was going to go into production, for many years. People quit believing it would ever happen a while ago, but now, much later than initially thought or projected, it finally is getting there and in construction and doing some initial mining. That is a major milestone for any junior.
> April 3, 2023
Lion One Commences High Grade Gold Mining At Tuvatu
This is why they are raising to aid in the development of the underground mining project, along with more exploration at depth to keep vectoring in on the best areas of their potentially massive alkaline deposit.
This was not some scheme to fleece investors for a perpetual lifestyle company. Unlike most gold exploration & development companies, Lion One is actually a legitimate mining company that is graduating from explorer, to developer, to now producer.
If you had any clue what you were talking about or actually followed the company, or even spent 5 minutes doing some remedial research, then you wouldn’t make such ridiculous claims about it being a “pump and dump”.
There are many P-N-Ds in the junior mining sector, and we see many of them each year, but this company is not even in that same ball park. Get it right if you are going to make such accusations about a company (especially a sponsor company here at the KER).
“Strong Message Follows…”
(I sold my Bre-x to buy Lion One.). Don’t take that seriously but I have owned Lion One off and on since probably Bob Moriarty recommended it.
Good one Lakedweller2! 🙂
No Pegasus Sue?
Oh another self righteous long winded self serving dissertation. Ex please, not everyone is stupid enough to swallow the babble. Even with Matthew a couple days back you had a goofy exchange over some nonsense , which had me double up with laughter.
Nothing, and mean nothing speaks more clearly and honestly about the relative financial success / failure of any company success / failure than does its share price performance over any given period. Albeit, the pundits/market gurus naturally present the period that best represents their particular agenda. So please feel to crap on mine. However in the case of Lio and many many more of like kind, which are the main focus of attention here, and for which this site serves as a platform. And I don’t say there’s is anything nefarious with that, but should be understood when absorbing their advice.
In the case of LIO, the link below is it’s price chart over a three year period as it best shows the last time LIO and most any other gold equities bottomed out of the covid low. A rally that basically lasted a few months into the August /20 high and has never been visited again. The exact same is the case for most gold sector equities in particular the dregs as I call them. Something many here are waiting for to bail them out of their bagholder standing. Matthew being the drum beater for the group.
Now you tell me how the BS you posted stands up to the fact the LIO which had a magnificent pop up which lasted less than 6 months from roughly a buck up to $2.50, and now over a three year period is back down to under a buck deserves the adulation you present as a stand up prospect in which to invest.
It’s not even a shitty gamble. Of course you likely bought its Oct/22 low at .60 and it’s now trading at .88 and you’re up nearly 40%. Like they say figures don’t lie but liars figure.
You and dummy Matthew are masters at it.
In case you have fault with the time period I’ve picked here’s LIO chart for a ten year period in my next post. Now you really have been stupid if you held it this long.
And here is LIO over a ten year period
Jon syl – You are so lost it’s hard to know where to even begin. Truly lost…
There was nothing self-righteous or self-serving about my post, but it exposed how ridiculous your claim of Lion One being a pump and dump was, with actual facts about the company. It had nothing to do with me, and everything to do with how off-base you are in the vast majority of your comments or knocks against companies. You clearly don’t know how to ascertain the difference between a real company that has something and one that is a farce.
As for Lion One, you can bash it all you want, and me for investing in it, but I’ve likely had a 2x cumulative return on it since I started trading it in 2019 (with a few 3-bagger trades in the mix). On my current Lion One position I have been in the green for the last few months, until today’s selling on the finance news, where now I’m essentially flat in the position. I doubt it has much further to fall, and conversely plenty of upside still ahead of it in the bull market. I expect LIO to make all time highs in the next 2 years, and eventually be taken out by a major for their alkaline deposit (as almost all other substantial alkaline deposits are controlled by the majors).
If you want to keep exposing how clueless you are with investing, then knock yourself out guy.
Oh give me a break. But I do give you credit on persistence on selling your kool aid.
I personally prefer to invest in most things whose price chart moves from the lower left of its price chart to the upper right.
You on the other hand have some uncanny midas touch to do the opposite and have constant success of buying pop ups (in the case of LIO) in downtrends, and then selling with surgical precision on a repeated basis just before they correct again. Quite the strategy and good for you.
Jon syl – Your silly replies calling my investing successes kool aid drinking just proves you are never going to learn from someone trying to point out to you how to be a better investor and you will keep only focusing on the worst case scenario with limited thinking. If someone was discussing multi-bagger returns one would think you’d listen and take notes, instead of taking yet more jabs.
Your denseness is astounding, but I’ll break it down for you, in case anyone else wants to learn. You just posted the 10 year chart up above right? I had already mentioned I started getting in position with LIO in 2019. Can you not see that large trend higher from 2019 into early 2020 on the chart? Look I was far from perfect on the trade, and scaled out of part of it for over a 2 bagger on a portion and had the other portion for a 3 bagger on that trade. The reality is that I probably could have done much better if I’d just held the whole position up, but due to my risk management I pull partial profits on the way up. That sacrifices gains, but ensures I don’t loose out too bad if it makes a round trip. There was no precision required, just buying low and selling high, based on the fundamental interest in the story and using charts for exploiting the oversold and then overbought nature.
Then in 2020 it actually did sell off hard with the rest of the pandemic crash, but I was focused on other stocks and other sectors and didn’t actually get back in again until May of 2020 and sold for more than a double in July of 2020. Then I got back in and bought more in Sept & Oct of 2021 and sold it for a small 10% loss a year later in Sept of 2022. (so that clearly wasn’t precision and not every trade works out). However it dropped a lot throughout Sept (like most PM mining stocks did last year in September) and by the end of the month I bought back most of that position on the 23rd (one day before Joe was suggesting it was time to sell everything and go to cash and you were suggesting he was “right”). It bottomed 3 days later, and then as it moved up I added and sold a few times in November, trading around the core position. That remaining position has been mostly in the green since late September to present, but sold off hard today, and is roughly flat at this point.
This isn’t rocket science, but I didn’t just sit in the stocks for a decade as you were implying, nor did I just sit in it since 2019. I actively traded Lion One like I do most of the stocks in my portfolio, and that is how cumulatively I’ve had a 2x return on the money, and I plan on having about 4x-5x return on my current position from here over the next 2 years, and will mostly be holding what I have now for the coming big leg higher in the bull market.
If you only try to find companies that move from the lower left to the upper right every time… that is the fantasy. Sure you may hit a few stocks or a few sectors, during certain time periods that do that, but most of the markets are choppy, up and down, bullish then bearish then bullish then bearish alternating periods. One can make plenty of money and have solid returns buying the dips and selling the rips, using TA as a guide, as well as sector sentiment and fundamental trigger points.
Rather than dis on this concept, why not try and learn it and benefit from it and make money?
If I didn’t have a position in Lion One already around where pricing closed today then I’d have been a buyer. Rather than dissing on it like many did today on other forums, then conversely I’d have been utilizing this fishing-line selloff today to buy a starter position, and then average down into if it corrected further in the short to medium term to get a good cost basis going. Then I’d hold onto it for 2 years and make excellent returns.
Your persistence in remaining perpetually close-minded is the befuddling part, but that’s what makes a market.
Very good Ex, like I said it’s absolutely amazing how you managed that.
Nevertheless, LIO performance history for most any timeframe, 3 year / 10 year is not what I would say deserves any praise as a success story.
Now that could change
And of course there’s the bellweather IPT. The one Matthew has stated he backed up the truck and literally buying a few hundred thousands shares, on something most days can’t get a bid as a penny stock.
I have way more than a few hundred thousand shares and continue to accumulate it. You clearly should not be involved in the space since you lack even a remedial understanding of it or speculation in general.
LIO, btw, is one I do not own and have never owned.
And as we all know this is what the general market spx did since it’s covid low, as we await the end of the world by some on this site.
SPY is down 33% versus GDX since last September, when you were too afraid to the miners.
Biggest dollar gainer today: Magna
Biggest dollar loser today: Emo
Buy SPY and sell Silver? Go right ahead but I’ll pass…
on that silver /spx we have violent agreement.
Except as posted earlier, I’m happy to sit and potentially add with I what have since early March plus the flyer I took today on UNG.
You have a prediction a minute and as you famously state with these pearls of wisdom, you just can’t be proven wrong. LOL
SILJ:GDX closed the month at its lower monthly Bollinger Band which gives it some crash potential heading into the Fed meeting. That’s not a prediction just a possibility.
If I’m the “drum beater” of specs that interest me you’re the drum beater of total ignorance and shitty character.
Fyi you slimy little turd, technical analysis is really not all about predictions it’s about odds and risk management. I know that well which is why I buy while you cry.
SILJ:GDX has filled most of its 5/2020 gap since I mentioned its crash potential and that potential absolutely still exists. You’d know that if you knew how to read charts. When that potential passes either because SILJ did fall versus GDX or because it turned up now you will see the likes of IPT smoke GDX/GDXJ along with SILJ.
It would be worth it to me if the whole sector does take another big dive since I know it would cause you to soil your lace undies and probably have a heart attack at the same time.
My lace undies will be spared as will a heart attack, because I doubt very much the whole sector takes another big dive as I’ve been leveraged with calls to the upside since early March.
That’s not a prediction just a possibility.
The gold-silver ratio found important support this week but it probably won’t hold for long.
(ELE) (ELEMF) Elemental Altus Royalties – Corporate Presentation – May 2023