Post by
5ilverlining808 on Jan 10, 2024 10:18am
EQR Intrerview
From two months ago.
They have Mt Carbine and aquired Wolfram Camp, which was dumped by Almonty, it is like a pimple in comparison to the whole Almonty portfolio of mines.
If Saloro in Spain was worth it for Almonty, then it would have been aquired.
"MacNeill speaks about funding for the the acquisition, which the company recently stated would create the largest tungsten concentrate producer in the western world and provide a platform for capitalising on horizontal growth opportunities identified. It also creates critical mass - and therefore optionality - to enable consideration of a downstream component adding significant further value to the business. The acquisition comes at a time when tungsten is ranked by the British Geological Surveys, various US Departments, the European Commission, Japan, South Korea and Australia as a 'critical mineral’."
What a load of dog s**t.
https://www.youtube.com/watch?v=3OtafC2plPM
Neill speaks about funding for the the acquisition, which the company recently stated wouldthe largest tungsten concentrate producer in the western world and provide a platform for capitalising on horizontal growth opportunities identified. It also creates critical mass - and therefore optionality - to enable consideration of a downstream component adding significant further value to the business. The acquisition comes at a time when tungsten is ranked by the British Geological Surveys, various US Departments, the European Commission, Japan, South Korea and Australia as a 'critical mineral’.
MacNeill speaks about funding for the the acquisition, which the company recently stated would create the largest tungsten concentrate producer in the western world and provide a platform for capitalising on horizontal growth opportunities identified. It also creates critical mass - and therefore optionalty - to enable consideration of a doream component adding significant further value to the business. The acquisition comes at a time when tungsten is ranked by the British Geological Surveys, various UDepartments, the European Commission, Japan, South Korea and Australia as a 'c
Comment by
corton68 on Jan 10, 2024 10:33am
That’s quite a word salad from MacNeill. Im not really sure what he is saying. I hear the words but I can’t unscramble them.....
Comment by
whoisyourpapa on Jan 10, 2024 11:45am
Almost 1.6 billion shares out. Trading at under .06 AUD. Made a deal with the devil (Oaktree) who will eventually gobble them up for nothing. Good luck to them, they're gonna need it. whois
Comment by
corton68 on Jan 10, 2024 12:28pm
classic junior mining co selling their shareholders down the river for money to pay salaries. They take on $50m in debt to get $17m from OT.........plus they never talk about spain aquistion re the remaonong reserves or finacials so im guessing its not pretty on either front
Comment by
QuarterDollar on Jan 10, 2024 2:04pm
@Whois...... yup..... I am thinking the same thing. The vulture Oaktree is waiting in the wings to strike. But I also wonder if LB is setting a new precedent by owning multiple mines in different geographical locations throughout the world.