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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

Post by rockminer56on Mar 12, 2024 1:01pm
212 Views
Post# 35928732

Its Looking OK!!

Its Looking OK!!It seems that there was about 1,900,000 shares traded last month (Feb), and a further 400,000 or so, this month so far..
That is a lot of stock traded and is not indicative of a Company in trouble, particularly if the price doesnt drop with that volume.

The trading lately is in a very tight band between 60-62 and is consolidating nicely, particularly when you see 188,000 shares traded yesterday.with no movement in price.  That seems to show someone is making stock available to some big buyers, and its improbable to me that some shareholder is vindicative and trying to keep the price down, when if Lewis is to believed, we will have a structure, and mining activities within a few months.
I find it hard to believe that Black would make false statements, as there is always a SEC Department looking over CEO/Directors  shoulders, and he is on record a number of times stating ...as an example...the chart for Sandong Project-Outlook is still real and on track.  Some delays would be ok but not false statements.

i like the "Instinet Brokerage" firm that has been buyer for hundred of thousands of shares over past month or so.  Someone there is taking a sizeable position. 
Spring is in the air, weather will permit construction, and we just have to hold our breath for a bit longer!! 
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