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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 whoisyourpapaon Mar 07, 2022 1:44pm
150 Views
Post# 34491472

RE:should we be expecting a news release today?

RE:should we be expecting a news release today?I think the private placement was subject to the approval by both ASX and TSX which we have ASX but still waiting on TSX.  No private placement, no payment for loan fees and therefore no drawdown letter from the bank. . .

Your definition of fortnight is correct but as much as I love LB, and he is one of the biggest reasons why I'm still invested in Almonty, I have come to accept that his estimates of timelines are not to be relied upon unless you enjoy being disappointed time and again.

In his timelines he seems to make too many assumptions about things that are not in his control.  For instance approval of the pp by TSX, if that is indeed what is holding things up here which of course I have no way of knowing with any certainty.  But regardless I think he is gullty of overpromising because he makes too many assumptions and/or doesnt consider all scenarios.

Just my thoughts of course

whois
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