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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

Post by Appreciation777on Jan 30, 2024 1:22am
190 Views
Post# 35851971

Mr: Black should try to persuade IMC back.

Mr: Black should try to persuade IMC back.IMC is a subsidiary of Warren Buffett Berkshire Hathaway that has a large manufacture plant of carbide tools a few miles down the road from the Mine that requires a lot of Tungsten in the process.

I believe that IMC was interested in the Mine or in taking a position some years ago, some of you old timers may remember on what went on with Ned Goodman from Dundee and Brian Wesson.
Given the in intrinsic value of the mineral deposit, management could try to persuade IMC back to give the shareholders an optimistic feeling about the companies future.
GLTA
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