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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 Aug 11, 2023 10:31am
141 Views
Post# 35583749

RE:RE:RE:RE:RE:RE:Trading up again

RE:RE:RE:RE:RE:RE:Trading up againWhat's actually happening is that there's an investor getting our of their position through Anonymous.  Previously they preferred to wait for the ask at $0.60 and sell in to it but are now getting impatient, willing to sell below that hence the lower share price.

If they are a more sophisticated investor they may be selling through multiple exchanges which might explain the uptick in volume on the ASX  as well.

At some point they will run out of shares to sell and we'll be on our way.  In the mean time nothing fundementally has changed with the company or it would have had to have been disclosed.

Unfortunately more patience is required for those wanting to see a decent return on this. . .

whois
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