RE:Presentation - Fall Off Your Chair Strategic Buyer1dollarinto2 wrote: Lewis spoke a few times during the most recent presentation about discussions Almonty is having with a certain group and with a strategic buyer. I especially enjoyed his fall off your chair comment. Got me thinking a bit about what groups or strategic buyers would be interested in Tungsten and or Molybdenum and would make me fall off my chair.
IMC is clearly a potentially interested party based on history and the newly announced $100 million tungsten powder plant in Korea.
Another Berkshire Hathaway company with potential interest cuold Precision Castparts (PCC), Molybdenum is a raw material singled out in the 2023 Berkshire Hathaway annual report under the PCC section.
So yes, for me, a partnership with IMC makes sense for a number of reasons, potentially Precision Castparts too, but a direct relationship with Berkshire Hathaway would make me fall of my chair:)
The other chair faller offer for me, would be SpaceX and or Tesla. Any connection with Elon Musk would bring a lot of attention to Almonty and it's outstanding Korean tungsten project.
Any thoughts from the group on other fall off your chair strategic buyers of Almonty's Tungsten, Moly (or Almonty itself)?
9:46 on YouTube: "what we're seeing in the conversations we're having with a certain group regarding the entire company, but also about the Molly"
13:30 on YouTube: "We are now in conversation with a strategic buyer which you'll fall of your chair when you find out who it is"
I agree 1dollar, as also previously stated by Quarterdollar IMC could definetly be our "fall off your chair" strategic buyer.
I'm not familiar with Precision Castparts but of course any Berkshire company would be "fall off your chair". Elon/Tesla would be awesome of course. . .
Could another possibility be Samsung, Hyunday/Kia, or LG? Though these guys are more end users of Tungsten.
Or for a wild card how about POSCO? That would make things go "full circle" as these companies are all intertwined with one another in some way in the past. That would certainly be "fall off your chair"
From wikipedia:
Korea Tungsten Company (KTC, Korean: , pronounced daehan jungsuk, Hanja: ) was a major South Korean manufacturer of tungsten cutting tools, tungsten powder, and related metal-cutting products. It was the 28th-largest chaebol by asset[1] with subsidiaries such as Korea Tungsten Construction and Korea Sintered Metal. In 1952, KTC appointed its first President, Ahn Taek Jun. With the national government, KTC also established POSCO, which is now the world's second largest steelmaker by output. In 1998, Keo-Pyung, then KTC's proprietor, defaulted on its loans and was declared bankrupt by its main creditor, CHB Bank. On May 12, 1998, Keo-Pyung announced that it would shed 14 of its 19 companies, Korea Tungsten among them. ISCAR, the predecessor and now the largest arm of IMC, bought KTC after months of negotiations, and renamed it TaeguTec. Today, TaeguTec group has become a global tooling and solutions giant with 25 overseas subsidiaries and over 130 distributors in 50 countries throughout the world. whois