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Almonty Industries Inc ALMTF


Primary Symbol: T.AII

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 Nov 21, 2024 11:00am
92 Views
Post# 36323809

DRAG share holdings

DRAG share holdingsI dont think, from my experience that a Company like Deutsche R. would ever get involved in taking a large position in a developing mining company (penny stock) with the idea they will be selling their shares into the market place, a few hundred thousand or million at a go.
They would be looking for a takeover bid, and when it is high enough, they tender their shares, all at once, take their cash and move on to the next project..
Remember, it would (and will) be far easier to sell shares in Almonty at $3-4-5 dollar a share than .86 cents. It will also be easier for Mutual Funds and the like to invest, as in many case they are restricted by their by-laws from investing in anything under  what used to be $2.00 per share
 The big companies will want to see a working mine, ore processed at capacity, proflts, world demand and so on
Then they will take it over and probably Lewis will be an eager seller, same as his last venture.
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