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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 Mrsprotton Nov 20, 2021 7:24pm
172 Views
Post# 34149950

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Still doesn’t have the money

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Still doesn’t have the moneyAnswer this: would you have taken the loan at a different rate 3 years ago and had this mine in full production by now or are you happy with the ridiculous terms expected on this "low rate" loan?

IMO, the market doesn't care what the loan rate is, just get the mine into production, proves its assets and then sell to a major. This is not rocket appliances! it appears management set out with a plan and were too stubborn to deviate when that plan grinder to a halt. 

this is where frustration comes from, the constant be "patient" is not an excuse when money has been on the table and this mine could have been expedited into production years ago. As a sharehold, you should be pissed. 
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