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 > Loan

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Comment by QuarterDollaron Jul 03, 2022 5:31pm

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Post# 34798254

RE:RE:RE:RE:RE:Loan

From my last few posts, we can deduce Almonty will be very profitable.....
The one thing that is casting a shadow for me is if Almonty is going to be so profitable in the very near future, then why did LB sell almost 10.6 million shares at $1.06 to the Plansee Group a year last April?
At $70M profit which is 3-5 years away, the share price is estimated to be approximately $8 per share. Why would LB give up almost $75M in profit? This doesn't include the further growth and dividend payouts. I wonder if LB would share any information on that question.
I should also point out as part of the share transaction,
This transaction provided Almonty with both a US$20m cost overrun guarantee dedicated to the construction of the Sangdong project and a further non-dilutive US$10m guarantee to cover the DRSA (reserve account) required by KfW IPEX Bank as a condition of the loan to replace the more normal cash equity that would have had to be provided otherwise and represented one third of the total equity required.
It is possible that KfW and Plansee had LB over a barrel.