Almonty Industries Inc T.AII

Possible Reason For Delay.

[5ilverlining808]

We know that:-
- Financing is approved.
- Metso/Outotec deal is sweet.
- Underground mining company is way ahead of schedule.
- Power and water is on track.
And so much more.

But, remember when POSCO EPC (engineering/procurement/construction) was replaced by another EPC company (forgot the name), well the strange thing to me is that there has been no mention of this company since the change over.
That was a long time ago.
Just my thoughts, but is Lewis spending the time to make sure the best deal is done for the EPC mob to get the cheapest contracts i.e. concrete works, earth works, construction and steel fabrication ???
Historically, that is what he does to shave costs.
I am stuffed if I can see any other reason for delays at this momement.
Just a thought.

[whoisyourpapa]

The EPC contractor could indeed be the cause.  All I know is that insiders who are in the know and have anytime access to LB are not only not selling but investing additional money as recently as 2 weeks ago.  This may require a little more patience but good things are on the horizon.   PS Posco was replaced by S-Material Handling Co. Ltd as EPC contractor whois

[chizzles]

I'm also curious at the progress at the mine, it must be getting quite advanced. They said awhile back that we were ahead of schedule but the days/weeks/months go by very quickly so I am assuming that the next update that we get should be with a decent amount of new info. Hopefully at some point very soon we get a few back to back NR's to get us over $1.00 for good.Although I thought

[QuarterDollar]

I hope we get a significant progress update over the next 2 months. And if there are further delays, I hope we get a good reason.

[TechOne]

Lets hope at AGM which is on 30th..  Usually, most companies take the opportunity to provide an corporate update and presentation at AGM depending on how and where the AGM is conducted..