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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 whoisyourpapaon Aug 11, 2023 10:31am
162 Views
Post# 35583749

RE:RE:RE:RE:RE:RE:Trading up again

RE:RE:RE:RE:RE:RE:Trading up againWhat's actually happening is that there's an investor getting our of their position through Anonymous.  Previously they preferred to wait for the ask at $0.60 and sell in to it but are now getting impatient, willing to sell below that hence the lower share price.

If they are a more sophisticated investor they may be selling through multiple exchanges which might explain the uptick in volume on the ASX  as well.

At some point they will run out of shares to sell and we'll be on our way.  In the mean time nothing fundementally has changed with the company or it would have had to have been disclosed.

Unfortunately more patience is required for those wanting to see a decent return on this. . .

whois
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