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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 11:47pm
168 Views
Post# 35217478

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

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

lonade, I didn't say there isn't a buyer I said it's hard to imagine them not trying to work with Almonty to find a buyer. If they want to sell the full position that is.


As for why pay the current price, from what I've seen with other companies that have low volume, the reason larger buyers are happy to pay current share price or even a bit higher to take a large position in a tightly held stock is trying to buy it on the open market would cause the price to go way up. 


As for a buyer being found or not; I assume they haven't found one yet because if a company took a new 3.5 million share position in Almonty I think that would be worth a news release, wouldn't necessarily require one depending on the buyer but would likely be something Almonty would want to talk about.

Anyway, we should know by the end of March, maybe sooner if Almonty decides to address it publicly which would be nice.

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