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Bullboard - Stock Discussion Forum 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... see more

TSX:AII - Post Discussion

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Post by cubesoftungsten on Feb 14, 2024 11:50am

Level II

Looking at the current L2 (below). There is a big block at 0.62 and then not much past that. So it may be primed to run up to 0.70 again, provided noone tries to sell out again.

Comment by cubesoftungsten on Feb 14, 2024 11:51am
Comment by TELEMARKER on Feb 15, 2024 7:25pm
L2 is not reliable. Bids and asks pop up suddenly, algorithisms lurking all the time
Comment by cubesoftungsten on Feb 16, 2024 11:25am
Well, at this point, the once again anemic volume for this is coming from Anonymous dumping shares (150k and counting). I guess we will need to wait until the 21st so Lewis can tell us how rich this stock will make him. Would be great though if we would throw some scraps to retail though.
Comment by whoisyourpapa on Feb 16, 2024 11:40am
Nothing new there.  The sell side is constantly stacked with asks from Anon, this has been the case for months and months though.  They are relentless. . . Looking forward to the presentation on Feb 21 whois
Comment by 1dollarinto2 on Feb 16, 2024 11:57am
With the resources and order options available to professional traders and even with many discount brokers used by retail investors, I do not really understand the relevance of L2 quotes for predicting anything for low volume, microcap stocks like Almonty.  If I wanted to buy or sell a significant position in Almonty, I would choose to use an iceburg order so the L2 quotes wouldn't show ...more  
Comment by QuarterDollar on Feb 16, 2024 12:39pm
@1$in2$2......   EXACTLY !!!! That is why I have been saying don't expect much until Almonty gets into production. More specifically, the public statements one year after being in production. The only exception to this is if the investment world wakes up to the dire need for tungsten for everything.