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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 17, 2015 8:54pm
109 Views
Post# 24114358

RE:RE:i predicted it !!!

RE:RE:i predicted it !!!You guys were right about the share price dropping. From .81 to a low of .54, a .27 cent drop, which is exactly 1/3, it almost seems to precise, like it was predetermined. THAT BEING SAID, yes, our shares are going down, but so are theirs. I am not sure what they would have to gain by the stock price dropping. We are currently pretty even to the conversion. 500 000 shares of WOF at 0.06 = 51400 shares of Almonty at approx $0.585 (at 0.1029 conversion rate) so we are pretty close to what it is supposed to be. The price going to 0.81 is was good for us. They got the financing of $4 million at that price. They would have gotten a lot more shares if the financing was at the current 0.56 so after all is said and done, that was good for us. Like I said, going forward, we are in the same boat as them. If our shares go up, so do theirs. Ours go down, so do theirs. 
Bullboard Posts