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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 Jul 15, 2024 1:32pm
137 Views
Post# 36133266

RE:Overhang

RE:Overhang
rockminer56 wrote: The news on the MOU, ..talk about gold mines and critical minerals is all interesting, but non productive as far as price is concerneed.

What I would like to see is the 108,000  "overhang" at .68 cents that has been there for weeks disappear forever.  I hope Lewis is  working on arranging another major Buyer to take out whatever probable major positions a past investor is still holding.
He made the deal with "PARADIGM' to take out around 10.000.000 million shares , and that was outstanding, so on to the next one.
In the interim I guess any news is good news even if it is a non binding MOU 

Not sure if the plan is to arrange for another buyer for the overhang but LB pretty much told us at the last IIF that the plan is to get them out by way of positive news on the company.  "Can't stop a rising tide", "I'm a beliver of The Truth Will Set You Free"  His preference seems to be to put out good news and let the market absorb the selling.  This company is poised for a retate and obviously LB relying on that.

What I'm really curious and a little concerned about is the news on the drawdown(s) and the deal with the EU regarding the Pana mine.  What happened to those???

whois
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