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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 Lordzurgon Dec 19, 2024 11:27am
184 Views
Post# 36370351

unknown seller dumping

unknown seller dumping The open at .85 was me. I picked up 50k - i had left my bid sitting for a few days. I have stepped back into the stock recently. I too have been concerned about the why of the unknown shareholder "dumping" shares. The December update ftom LB makes Aii almost look like a sure thing- why sell now. The forecasts from the report- 2025 revenue of $64m -post tax cash p/a $24.1m and 2026/27 $130m and $54.7m respectively after second phase ramp up should make this company much more valuable than it is now at any reasonable p/e. The unknown SH who keeps selling when news of a completed mine is imminent baffles me. My only guess is that they have other opportunities to deploy the large capital they invested here? Assuming that they were the ones that competed for the initial buyout attempt of the mine was accurate. Selling off 50-100k of shares a day has maybe been the only way they could offload shares without tanking the market. I can reasonably see LB not wanting to provide "news" improving share price to benefit the seller, but the information vacuum is concerning, causing us to worry something is wrong. The way LB talks of the seller "playing games" or deliberately trying to hurt the share price doesnt seem logical to me. Who doesnt like money, they would logically want to recoup as much as possible. Talk of a buy-out at a 35% premium is far fetched i believe too given the numbers above if the forecasts are anywhere accurate- and LB owns 10% isnt it of the stock. He wouldnt settle for that. His investment/skin in the game has been key for me. I dont believe this will be a $10 stock (or even $5) but by any conservative metrics it should be a few dollars at least. Then the moly, oxide, tungsten price increase, and further ramp ups of this mine and the others could be future catalysts. I will be happy with a 2x or 3x after years of disappointment here. Best of luck to everyone, and happy holidays! Cheers
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