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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 QuarterDollaron Jul 12, 2023 10:09am
118 Views
Post# 35537247

RE:RE:RE:RE:RE:Charting

RE:RE:RE:RE:RE:Charting@Corton

  • I never called the CEO a liar, however he has omitted facts which distorts the truth.
  • Also, when they were electrifying the mine last year, LB made statements something like 70% of the tunnel work was completed. But he made the very same statement 9 months before. We as shareholders were expecting that more tunnel work to be completed but it wasn't.  What actually happened was LB stopped the tunnel work so the electricians can do their work installing all of the electrical works...which is fine...and most likely it was due to reasons of safety, insurance, political, brand, etc.  But LB SHOULD have been clear to the shareholders that he stopped the work because he couldn't have miners/engineers working in the same tunnels as another company was installing the electrical.
  • Now most likely the same thing is happening with the installation of the communication system. Every level is going to have its own communication issues as I am sure each level is unique and this will slow down the installation.
  • As for research and due dilligence, I have been a shareholder for over 14 years.  I know what this mine is worth. I have done the research on the industry, global economics, the company, and its management, the resources, financial, value investing technics that is taught at MBA programs, behavior analytics, etc.  5ilverlining808, who is a member of this board, has shared his extensive knowledge and experience in mining. Furthermore, he has worked at this mine specifically.  So as for DD, I don't think anyone can do better than that.
5ilverlining808

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