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Bullboard - Stock Discussion Forum 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... see more

TSX:AII - Post Discussion

Almonty Industries Inc > Nice Move With a Very Tight Share Structure
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Post by blueskies on Jun 10, 2022 12:39am

Nice Move With a Very Tight Share Structure

Doesn't take much volume to move the share price when of the 213,486,376 shares outstanding 91,329,790 are owned by three entities Lewis Black, GTP, and Deutsche Rohstoff, none of who will be selling shares anytime soon and one Deutsche Rohstoff, who just did a placement for another 2,494,118.
 
Another 8 ish million are owned by other insiders and my assumption is these and many held by other  long term holders like myself are not available for sale until at least the full value of three producing mines is reflected in the share price and more likely will be held for the dividends in the years to come.
 
Talk about a tightly held company!
Comment by Sargonski on Jun 10, 2022 2:05am
from the fact sheet the free float was 49%   183 million shares  ..  now 20 million more shares .. but think most of this  was not free float .. so the ratio should be even lower ..  ridiculously low .. which is interesting and unusual   in a good way.     Lewis is balls deep in this  .. workin for the shareholders .. because the ...more  
Comment by QuarterDollar on Jun 10, 2022 10:05am
There is too few shares for a company of our potential size with an extremely low daily float.  As long as LB continues to grow Almonty, we may be in a position for a stock split which would give us our daily trade float.
Comment by QuarterDollar on Jun 10, 2022 11:02am
It is surprising how much the share price has fluctuated over the past 4 days. These shares aren't tightly held, they are Extremely Tightly Held.  Its a good indicator the share price will pop and hopefully to a new high! I just complete the purchase of my last block of shares.
Comment by Sargonski on Jun 10, 2022 11:12am
been in and out of this horse since it was Wolfe  ..   finally we are at the point where institutional investors will start to sniff -  "if - when- once" the drawdown happens and money officially in bank.  Its a strange situation where you have a lack of buying .. but the lack of selling is even more profound ..   ..    either no one wants to ...more  
Comment by QuarterDollar on Jun 10, 2022 11:38am
Institution probably won't take an interest until its at least $5 a share. Then there has to be a sufficient number of shares available for them to purchase to make it worth their while (i.e. we need a stock split). And the final kicker will be dividend payouts.
Comment by Guerreiro8 on Jun 12, 2022 3:19pm
Talk about a tightly held company mostly by insiders. Agree with most of you that "Almonty" is notably undervalued considering the   Power House Leadership group of Directors. Noticed that Merrill Lynch has been accumulating a bit of shares; Will the shareholders have a positive suprise at the upcoming AGM, June 30, 2022. Should be an interesting AGM with a lot questions from ...more  
Comment by Mrsprott on Jun 12, 2022 6:55pm
Hats off to management. Rumor has it they are already looking to raise another $100mlion+ for more North American property acquisitions.  $5/share isn't far off if tungsten prices continue to hold above $300 ;-) cheers to all my longs
Comment by whoisyourpapa on Jun 12, 2022 7:08pm
Looking forward to another news release this coming week whois
Comment by whoisyourpapa on Jun 13, 2022 12:06pm
Hefty amounts being put in the ask. Not sure who'd want to blow their paper right now but maybe it's just positioning. . .  whois
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