Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

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.

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Almonty Industries Inc > New First Berlin Research Note

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Comment by mining4valueon Dec 11, 2020 4:28am

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Post# 32086398

RE:RE:RE:RE:RE:RE:New First Berlin Research Note

Under the current set-up, a buyout is not impossible but it is very unlikely (in particular by any manufacturer other than Plansee).

The company is now de facto completey tied to Plansee, who is:
- the largest (and sole) customer;
- the largest guarantor; and soon
- the largest shareholder.

With all the above, Plansee has now all the cards on their hands:
- they locked in the supply from the largest non-Chinese W mine;
- they won't allow this mine go to a competitor;
- they can veto any buyout.

If they wish, they can inject $14m @ CAD0.70 and take control on the cheap.

For the time being, they are not doing so; they have apparently decided to wait and see.

To be continued...