Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Copper

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.

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Almonty Industries Inc > Great Bids Developing

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Comment by QuarterDollaron Aug 14, 2024 1:56pm

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Post# 36178922

RE:RE:RE:Great Bids Developing

@12Bagger

Under normal circumstances, I would totally agree with you but every country will be hitting the wall pretty soon. The only question is what event will trigger it.The overall Economic indicators are not good with governments fudging the numbers. Take Canada for instant. They say we are not in a recession but 9 out of 10 jobs in 2020-2021 were public sector jobs. Canada's annual exhibition "the CNE" (that lasts approx 20 days), 37,000 showed up for 5,000 job openings. The only reason Canada's GDP is slightly up is because of the outrageous immigration by the Gov't. Without that, GDP is negative. Canada has the worst housing crisis in the world, but building permits are down 12% this year in most area's of the country. The number of houses and condos available on the market are increasing. Canada's underground economy is growing with so many temporary workers from out of the country.
Retail in the US is in serious trouble with many store closing. That translates to job losses. Walgreens (a major pharmacy) plans to close 25% of its stores (i.e. approx 8,600 locations). So is CVS and Rite Aid close a lot of locations as well.
Car manufacturers will move away from producting expensive large vehicles to smaller ones because the public can't afford them. Number of days cars are sitting on dealership lots are increasing. The age of the average American car is now something like 14 years....no one is buy a new vehicle.
Interest rates will most likely start to fall in September, but it takes up to two years to take effect in the economy. We will have a big market correction before then.

Last week's market correction was due to the Japanese currency carry trade when they raised their interest rates. There was a lot of margin calls forcing investors to sell at a loss.
Payment deliquencies on debt payments are increasing for rent, credit cards, mortgages, and buy now pay later schemes.
Discretionary spending is anemic as consumers focus on necessities.
Banks are not lending as much because the yield curve was inverted. M2 money supply is at a very low level.
...and I can go on and on.....the last financial crisis the majority of the stocks went down. I expect Almonty to go down as well which is when I will buy on the dip.