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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

Comment by Descheneson Dec 06, 2020 12:48pm
176 Views
Post# 32046133

RE:RE:Buyout offer being floated

RE:RE:Buyout offer being floatedI remember a bit of the swirling gossip & rumours back near the end of the Wolfe debaucle which involved Dundee and one of the Berkshire Hathaway companies.  i think Dundee held a strong position, but it was all dumped for pennies.  In retrospect, they were right as the timing was all wrong, and the mine was at least 5 years away from producing ore.  There were many more opportunities to invest in something that would make a profit during this period.  That is probably why they are so successful.
It would not surprise me if they start some manouvres to get involved now that things are much closer.
i believe they would far rather pay $2 -.$3.00 a share for something that would give them a near term and ongoing profit. 
Time will tell, and sooner rather than later.  The very positive note is the Covid vaccine as the world economy will start to gear up next summer or fall, and the demand for tungsten will be increasing, and at better pricing.
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