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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 Jan 11, 2023 10:16am
177 Views
Post# 35215598

RE:RE:RE:RE:RE:RE:Starved for Updates

RE:RE:RE:RE:RE:RE:Starved for UpdatesYou are probably right about the continued selling, doesn't really make sense to sell just a quarter of your position. If Dundee decided to sell a million I expect they likely decided to sell all 4.5. Not smart in my books but who knows, they are supposed to be the professionals.

With these volumes it would take quite a while to exit the remaining 3.5 million though. In the fourth quarter there weren't many days with more than 100,000 shares traded, maybe they are selling 10,000-20,000 a day but that will take forever.

It's hard to imagine them being unable to have a discussion with Almonty and find a buyer looking to take a large position without needing to spike the share price.
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