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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 May 13, 2024 1:10pm
191 Views
Post# 36037129

Loose Ends

Loose EndsI agree with cube and whosis, that they are tying up loose ends, and raising last of cheap capital for major supporters who have taken a beating over last several years and prior to the ramp up of the stock price.

The overhang of 100,000  shares on ask. that was there for weeks (if not months) has disappeared, and is replaced with more conventional asks of more moderate amounts.

I believe that Lewis did "lift his kimona" which is usually done at a meeting of some heads of Brokerage firms that are interested in small cap companies.

It is therefore not surprising that just prior to release of info that we get purchases this morning of 38.35, 20 19, 17, 14, and a bunch of 10,000. sh. purchased.,
If my speculation is correct, these same players will have a line-up of buyers ready to go, if the news is as good as we anticipate.
Not long to wait!
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