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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 blueskieson Jul 05, 2022 3:47pm
200 Views
Post# 34803013

RE:RE:RE:Looks like the Drawdown Period has arrived!

RE:RE:RE:Looks like the Drawdown Period has arrived!I wouldn't judge that based on today, Tuesday after a long weekend and the day started with the overall markets getting clobbered. Big down days aren't often the days when people agressively seek out small cap companies.

Add to the general market conditions, Almonty isn't a closely followed stock by that many people and it takes institutions and others some time to reassess and update their models after material changes take place.

This isn't a release that requires people to buy today, but I believe it is the confirmation required for people to adjust their models, put a floor price on the stock, and to start their purchasing plans.

I'm going to give it a couple weeks to start moving before deciding whether the market agrees with me that Almonty is now a surefire success story or whether it continues to be a misunderstood stock that won't move until 1. news on another offtake; or 2. until it starts producing at Sandong. My hope is the market will agree with me much sooner than 1 or 2.
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