Almonty Industries Inc T.AII

G6M first shipment

[TELEMARKER]

02688173.pdf (weblink.com.au)

[QuarterDollar]

G6M shipped their first concentrate, expect to be paid next week and the share price is still around $0.13 AUD.......hmmmmmmmmm  

[rockminer56]

The price didnt go up, but I think they have almost 1 billion shares outstanding, so one couldnt expect the share price to go up as even 5 cents would mean the cap would go up by $50,000,000. I think I have the decimal in the right spot.  That is a lot of shares so you can expect a rollback 20 to 1 or 30 to one or more, sometime in the future (probably).  I dont follow the stock other

[whoisyourpapa]

This is great to see!  The investment community needs to see some Tungsten mines come to fruition to shore up confidence in Tungsten mining companies.

[chizzles]

I think we also need Almonty shares to go up a little for the investment community to have confidence. I don't think too many investors/firms even look at shares that trade at $0.60. If we are at least at $1.00 more people may start paying attention.  We also need to prove that we can get up our share price and stay there, not just drop right back down after a few days. I personally

[QuarterDollar]

I agree chizzles, but I think we will have to wait until the profit numbers are made public i.e. after one year in production.

[whoisyourpapa]

This is from LB almost 3 months ago.  So far his efforts have had the opposite effect. "As we continue to advance the mine towards commissioning, it is now my job to ensure that the wider investing market knows more about our Tier 1 project and about this profound effect this mine will have not only in sectors such as technology -- batteries, screens, semiconductors -- but also defence,

[QuarterDollar]

Personally, I don't think all the advertising is going to do anything at the moment, thus it is out of LB's hands. But to your point Whois, when you say you are going to do something, then you should do it. As I have said before, this is a niche industry, hence a niche stock. The global economy is not good and is facing headwinds of supply chain disruptions, inflation, rising

[whoisyourpapa]

QD in truth I should probably put this stock to sleep for at least the next 6 to up to 18 months and not look at it every day for my own sanity LOL  As is the case for most of us on this discussion board its been a super long road and its frustrating to finally be seeing the light at the end of the literal tunnel and have the share price in decline day after day.   But just because

[QuarterDollar]

Whois........... I am in the very same boat as you and I total get how you feel. I too have to save my sanity and already decided to put this stock to sleep for the next 6-9 months. In fact I expect the next IIF meeting to be beating the same ol' drum with the same tired beat. Hopefully next year will bring better news and results.

[chizzles]

I'm not sure about the timeline of minimum 6-9 months still of staying at this share price. I remember on their Investor Presentation's, they used to have a chart showing how the share price should go up coresponding to which stages they were at (based on juniors turning going in production), and at this point we should be way over $0.60. I think with the financing approved, we are

[Markidesad]

Yes Chizzles indeed , but my question is still : Why did Dundee sell ? Did they forsee enormous costs due to the eventual environmental sanitation, or was there another reason ? A few posts ago there was mention of a European seller ..... if we can wait, why can't they ?

[5ilverlining808]

My initial thought was that Dundee had a newer short term project to invest in, so Almonty shares money were juggled to another ??? They can always buy back in when it looks better. "Environmental Sanitation" ??? If you are refering to a long-ago post and article from a Hotcopper poster, it was quickly dispelled, as Almonty had and has full permits and ESG approvals. No issues there at

[5ilverlining808]

The King Island G6M Mine is a short term project (10 to15 years) that will in the end need to spend 10's of thousands to dismantle the process plant they just built and then clean up the site. ie soil remediatation and vegetation regrowth to bring the site back to its original state. Sangdong is a 100 year project (at max) that I think there are many investors in the shadows waiting for the

[TELEMARKER]

interesting photo of seacan being loaded on trailer