Bullboard - Stock Discussion Forum Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

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... see more

Add To Watchlist

TSX:AII - Post Discussion

Almonty Industries Inc > Expectations Great!!

View:

Post by rockminer56 on Feb 05, 2024 2:11pm

Expectations Great!!

I think everything is becoming beautifully aligned on this stock, waiting for the next very short period before running another 6-8 cents.
This is based on (1) some chart analysis, which shows the Jan 31 st run up to .70cents on volume of 90,000.- - then a Feb 1st volume of 100,000 with a close of .68c,----then it was able to maintain the .68 cents on 45,000 on Feb 2, almost same as today on larger volume.
THE IMPORTANT FACT HERE IS THAT EVERYONE WHO BOUGHT STOCK SINCE MARCH 2023, IS MAKING MONEY.
Anyone who follows the action could have predicted the profit taking after Jan 31 st , which probably amounted to 10% to.30% which is a nice pass for a lot of investors for a short to medium term investment
They have now, very recently, been replaced with buyers at the .68 to .70 level and they arent going to sell for a few cents.
The next thing i like is that the Australian market now mirrors what we have on the TSX
Another very interesting fact is that the SHORTS , with the exception of 250 shares, is now the lowest since MARCH 2023
I expect the next little selling burst will be at the .75 cent level which will get a lot of the remaing buyers out who got in around Feb 2023 and they now will get all their money back.
Wish I could get more.
Have a great day, all..

192

Comment

Comment by whoisyourpapa on Feb 06, 2024 9:39am

New short positions released this morning. 18K shares shorting this as of January 30. Despite the stock price moving up almost noone is willing to bet their money that we will go down from here. This is the lowest short positions have been in a year. and second lowest in 3 years. . . whois

132

Comment

Comment by chizzles on Feb 06, 2024 8:40pm

Seems like since reaching $0.72 last week, there has been enough selling pushing the SP back down. Hopefully it is almost finished and we can get back into the $0.70's (and hopefully higher) soon.

Comment