developing well It will need a couple of years of 300-level APT prices to realize its full potential. but if these prices are sustained the value of the combined mines of Almonty could go into the 500M+ range.
- Share appreciation will depend on dilution and I do not know what dilution we will get from full funding of Sangdong. What I know is that Mr. Black and friends are the largest holders of common shares and there are no special or preferred shares of Almonty that I can remember. Any dilution will hit him as just as bad as any other shareholder. So I expect dilution will be held to a minimum and a large part of the financing to be done in exchange of off-take or through commercial debt.
- The largest shareholder (Black) has injected cash into the company and the second shareholder (DRAG) has converted its options, both for common shares. this was probably a requirement from the lender. same for the declaration of Mr. Black as “controlling person” in the company. The designation carries specific duties and responsibilities in financing transactions.
- I am looking to large future moves in one or two months. so far I am impressed.