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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Comment by Zamasuon Jan 25, 2021 9:57pm
196 Views
Post# 32382913

RE:Todays Drop

RE:Todays DropI see this point mentioned a lot for price drops, but is it really Almonty's doing for bringing the price down? 

I see about 8 different firms that make up 85% of the volume of the stock (in the TSX) every day and the occasional Anonymous buyer/seller

Unless they're somehow colluding with all those different firms barring Integral Wealth Securities (they help provide volume for Almonty, as mentioned in the Annual Shareholder meeting document), I don't think it would be the case

If somehow they were planning a financing at .75 cents, it would be more like a thank goodness the price came down, as opposed to "we made it go down for this"

I do think Lewis is getting something ready for the financing or acquisition of another mine, but until that public announcement is made, interest would just go down along with the price 


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