RE:RE:RE:RE:RE:opinionWhat I find interesting is that the almost 2 million shares sold yesterday cannot be for tax loss of 2019, since the final day for trade settlement of 2019 was either the 27th or the 28th of December, so it wasn't for tax purposes.
There still hasn't been anymore insider purchasing filed for the placement, but you'd think that the balance of the placement will be by Lewis Black and the rest of the BOD. I am surprised that the closing of the placement hasn't been announced yet, but I think it will be before the week is over.
I personally don't remember 1.7 million shares ever traded in one day of Almonty, but to me, it is very significant. Someone spent almost 1 million dollars on Almonty in one trading day. To me, it is an obvious predetermined transaction.
There has been approx 4 million shares traded of Almonty in the past 13 trading days, which is extremely high for Almonty. Last time there was a similar pattern, the share price skyrocketed, very quickly.
$0.42 CDN is the predetermined price for these transactions, is definitely the floor, great time to buy more, which I have.
On July 28th, 2017, Almonty's share price was at $0.21 CDN. Shortly after, it was announced that Lewis Black and other BOD's got involved in the private placement's. By September 22nd, 2017 (not even two months later), the share price was more than tripled to $0.65 CDN. This feels like a very similar pattern of what is currently happening in my opinion.
I am very curious/excited to see what happens to the share price and share volume tomorrow.
I think the news release that we've been waiting for will be announced very, very shortly. At that point, the share price will most likely double or triple, and should be within weeks from now, if not days.
This is an exciting time, good luck to all of us longs. Hopefully we will finally be rewarded for our very extreme patience.