Altus aims to position its shareholders in the ‘sweet spot’ of the mining sector, with the opportunity to participate in the potentially exceptional value creation that is available from the discovery process, but with significantly reduced downside risks than investors may otherwise be exposed to by investing in one or more traditional juniors. Our proven ability for actively managing multiple exploration teams and joint venture partnerships under one cost-effective corporate umbrella during a cyclical downturn, is testimony to the business model that Altus has adopted and the capacity of the Altus team.
We will continue to be opportunistic, leveraging our geographical, commercial and technical expertise to grow our balanced portfolio of projects across Africa, through grassroots licence applications and the acquisition of, or investment in selected projects.
Acquisitions are most likely to be undertaken where a company, which could be either private or listed, is considered to have insufficient management or financial capability to realise the value form their project and / or where the market has mispriced the value of its assets. Such acquisitions could be made for cash, equity or a combination of the two and be transacted at either the project or parent company level. These projects will continue to be advanced through the discovery stage through new JV partnerships which will fund their future growth.
Over time we aim to establish a significant portfolio of project interests, which will include direct ownership in projects, royalties on those projects, equity in divested subsidiaries, or equity of our JV partners. We intend to monetise these interests when appropriate, with the proceeds being returned to our shareholders or re-invested into the acquisition of new early stage prospects to create further shareholder value from the discovery process.