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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Bullboard Posts
Comment by chizzleson Sep 12, 2015 9:54am
127 Views
Post# 24098621

RE:RE:RE:RE:RE:Financing

RE:RE:RE:RE:RE:FinancingI think the same. I think the more unstable Woulfe looked, and the more that tungsten prices fell, IMC got greedy (and maybe rightfully so with the drop of tungsten prices). IMC probably wanted more than 25%, and not give up 35 million. With shares trading at $0.05-$0.06, Woulfe was only worth $20 million so why would IMC give $35 million for 25% when Woulfe (at least their share price) was only worth $20 million? I personally think that we are better off this way (for now). Just the instant access to $8 million shows me that now that we are Almonty, we have enough backing to get this done alone. Maybe then IMC can come back, on our terms since we will own 40% (and I wouldn't be shocked if Mr. Black continues to add) all of the worlds tungsten outide of China. Mr. Black seems to have been very aggressive the past year at adding and trying to add to Almonty's portfolio. I woyldn't be surprised that we add more mines if tungsten prices remain low...let's go for 70% of the worlds tungsten!!
Bullboard Posts