RE:RE:RE:RE:RE:RE:the buying has started
A couple of points... first is that the investor presentation from December 2020 has production doubling from 93 to 191MTU for 2022
A) "That's Crazy fast ... and B) that's beyond Crazy fast -- if they do half the projected 100 MTU production out of Sandong for 2022 that would be amazing.
C) keep in mind that they do not have to be producing 200 MTU for the share price to move - a wiff that the numbers have a hope of being correct - coupled with a good Tungsten price will move the stock
The deal was very good - and very rare for a junior - .. taking Amonly from a Junior to a mid tier company without massive share dilution giving a whole lot more upside potential.
Ponder this - we had a company that had a Market Cap of roughly 100 million @50 cents a share - just close a deal putting roughly 100 Million cash in the bank.
So here we have a company that has cash sitting in the bank - equal to its market cap. OK ... so the share price rose prior to the deal " Buy on the rumor - sell on the News" There were folks that knew this deal had a high probability of closing -
So we added 100 million to the market cap share price 1 dollar .. so we now have a company worth 200 Million - "WITH 50% of the value of that company sitting in Cash in a bank account"
Now that Almonty is a mid tier - and are past the "sell on the news" - we may well have institutions start to sniff - something this stock has had very little of .. as it was a very risky junior.
but now this company not only has 2 producing and very profitable mines - making massive money when at W - $300 MTU - now have a 3rd mine looking to double production for fiscal 2022 and triple it in the next year... Low cost producers.
Last - you have the fact more than 50% of this stock is insider owned - and Plansee is not going to be selling any time soon .. a reduced pool of potential sellers is a good thing