Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

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

Almonty Industries Inc > L2 looking pretty sweet to kick off the week!

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Comment by TwelveBaggeron Aug 20, 2024 3:33pm

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Post# 36188550

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:L2 looking pretty sweet to kick off the week!

chizzles wrote:
chizzles wrote: I do have a lot in my TFSA, but not only there.

If we ever got anything near 40x, even at .50, that would come to $20 a share. Just 25,000 shares would then we worth a half a million dollars. That said, I don't think we will get 40x.

Any thoughts or expections on what would be a fair amount per share if we flipped?

Just having fun here...

"Pursuant to the Arrangement Agreement, on closing each common share of Woulfe will be exchanged for 0.1029 of a common share of Almonty. Based on Almonty’s share price on July 6, 2015, this represents total consideration of .07 per Woulfe share and a premium of 16.7% to Woulfe’s closing price on July 6, 2015. Upon completion of the Arrangement, Woulfe shareholders will own approximately 40.2% of the combined businesses."

At the closing of the merger, Woulfe shares were .07. The arrangement was 1 WOF share = 0.1029 AII shares.

Doing easy math:
Every 10,000 WOF shares @ .07(value of $700) = 1029 AII shares (10000/.1029). $700 divided into 1029 = .68 per share.

If I am doing it correctly, I believe that Woulfe shareholders received the equivalent of .68 per Almonty share (which represented 100% of Sangdong).

If LB would like to get 40x like he did on what he paid for Pan, Almonty paid .68 per share to acquire 100% of Sangdong. .68 x 40 = $27.20 per share.

I think I did that right? lol

a nice amount of my original shares were from that Woulfe transition - otherwise I would have blinked and missed the opportunity

27.20 per share - I'll take it lol - SOLD

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