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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

Post by guerreiroon Aug 28, 2021 9:57pm
382 Views
Post# 33779017

Very positive move by Black.

Very positive move by Black.Ned Goodman ( father) was in the picture in the early days when he ousted Brian Wesson, he then delayed the project as they were apperantly negotiating with IMC which is a subsidiary of Warren Buffett Berkshire Hathaway as they were trying to arrange some sort of financing and the Tungsten price took a dive due to the Chinese flooding the marked with cheap Ore.

We were lucky that Deutsche Rohstoff AG took some interest and purchased a good chunk of Almonty. I believe that Ned kept his stock position and now has perhaps asked Mark Goodman his Son to represent Dundee stock holders and perhaps go back to IMC and try to put some old ideas together as the connections are still there.

I have skin in the game for many, many years, just another speculative though. ( I have been wrong before) * fasten your seat belts*

Have a awesome weekend and let's welcome Mark Goodman to the Board, like his Dad, he also has a great leadership track record. ( most likely he will agree with most of us that given the size of the deposit Almonty is really trading at a big discount to its net assets)


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