Almonty Industries Inc T.AII

L2 looking pretty sweet to kick off the week!

[Look4Profit]

0.76	53500	0.76	50500
0.75	40000	0.77	1000
0.74	18500	0.78	2000
0.73	9500	0.79	12000
0.72	6000	0.80	13000
0.71	234500	0.81	3000
0.70	10000	0.82	5000
0.69	2000	0.83	3000
0.68	37500	0.85	3000
0.67	32000	0.86	2000
0.66	5000	0.88	3000
0.65	5000	0.93	20000
0.64	5500	0.98	1000
0.63	6000	1.00	30500
0.62	17000	2.00	4000
0.61	8000	3.00	2500
0.60	57500	3.40	24000
0.59	24500	4.00	10000
0.58	55000
0.57	7500
0.55	5000
0.48	35000
0.45	1500
0.43	1000

[chizzles]

Almost 160K shares traded this morning. Bid $0.77, ask $0.78, looking like a great start.  What does the L2 look like now, it was looking great prior to trading this morning. Thank you in advance!

[chizzles]

Correction, 230K shares traded if we are including the alternate exchanges.

[TwelveBagger]

I felt obligated to grab some more at 0.78 :)

[whoisyourpapa]

https://www.more-ir.de/d/30533.pdf

[Look4Profit]

At 10:44 with 163k traded 0.77 8500 0.78 8500 0.76 9500 0.79 13000 0.75 2500 0.80 28000 0.74 12000 0.81 3000 0.73 9500 0.82 5000 0.72 56000 0.83 3000

[cubesoftungsten]

Fun day so far, back up to 0.8 (where it should have been imho). Seems retail is holding as the ask remains thin.

[whoisyourpapa]

With the stock up .04 on friday right before the close I thought we might see a bit of a pull-back this morning but nope we are super resilient!!! whois

[chizzles]

I was expecting the same thing Whois. Also, from the L2 that Look4Profit posted (thank you), it looked like there was going to be a bit of resistance at $0.78/0.79/0.80, and we just plowed through that.

[chizzles]

Now that we have entered the $0.80's, would you be able to post the L2 again? I'm curious to see how it looks.  Thank you again in advance and I wont ask anymore today lol

[Look4Profit]

Ask all you want it's really not a problem! 0.80 1500 0.81 4500 0.79 16500 0.82 8000 0.78 16500 0.83 3500 0.77 5000 0.84 500 0.76 9000 0.85 13000 0.75 2500 0

[TwelveBagger]

  thanks L4P! if only that 234,500 @0.71 would click market instead of limit lol we would be at $3.40!!

[chizzles]

That is looking really good, not much resistance at all (although they keep adding on the ask). Hopefully the 234500 shares @ $0.71 can move up a little. We have a lot of support from $0.58 to $0.72. Let get those closer to the high $0.70's! Thank you again.

[QuarterDollar]

AAAAAArrrrrrrrrrrrrrrrrrrrrrrrgggggggggggggggggggggggg! ...... Just logged onto Stockhouse and see our stock at $0.80......... To buy more at $0.67 well that boat has sailed.

[chizzles]

QD, I suggest you buy more @ $0.80 before it goes up to $0.90! I added today..

[QuarterDollar]

I bought a couple of boat loads under $0.50........ to buy at $0.80....UGH! Actually, I can't wait until dividends are paid......... I can retire on dividends.

[chizzles]

432,700 shares traded today, great way to open the week. Let's see what the ASX brings us in a few hours.    This is getting fun

[chizzles]

Two hours in, ASX up to $0.82 on 42937 shares traded but, the bid is currently at $0.845 while the ask is at $0.86. The share price will go up on its next trade.

[TELEMARKER]

it is going to be many years before any dividends

[TwelveBagger]

  thank you for your fantastic addition to the conversation 

[TELEMARKER]

from MD&A long term  debt as of June 30 2024 is C$127.7 million Debt will increase until Sangdong construction is complete. If Valtexreil project goes ahead then more debt Who knows what is happening at Los Santos, reporting is dismal tecrei  

[corton68]

And he telemoron troll returns......how's G6, Tungsten west and EQ going for you? You've been bashing Almonty for more than a decade and spewing the same rubbish for that long and to this day your 100% track record of being wrong remains intact. Isn't time you moved on and got over this obsession? You just sound like a lonely disgruntled ex employee. Even the most dedicated stock

[5ilverlining808]

"You just sound like a lonely disgruntled ex employee. Even the most dedicated stock bashers don't put this kind of shift in!!" He is not an ex-employee as I am from the Woulfe days. He is a lonely disgruntled ex-shareholder that now sees the massive mistake of pulling out all those years ago while the rest of the longs held the faith and are now on the verge of greatness. If

[QuarterDollar]

@Telemarker   I tend to agree, however if there is some extra profits generated, I think LB will do a one time special dividend to all longtime and dedicated shareholders.  Almonty is a tier 1 company, and a one time dividend would illustrate this company cares equally about shareholders as well as customers, partners, the community, etc.

[whoisyourpapa]

I wouldn't worry about it.  This will be sold long before any need to talk about dividends.  This management team's MO is that they are "flippers".  I know this is a touchy topic for some people but LB pretty much stated that this is in the works. . . These kinds of deals take years to put together of course but it would happen before any need to consider

[chizzles]

I'm personally not a fan of them flipping, even though I get that impression also (LB continuously says how we he got 40x for Pan). If we get anything near 40x (I'd be happy with way less than that lol), we are all very rich. My biggest issue with a sale is for tax reasons. We are going to need to pay taxes on the entire amount instantly, and in a higher bracket (especially if you are

[whoisyourpapa]

Well Chizzles I hope you maxed out your TFSA with this stock as much as possible.  For me overall it would make my overall tax percentage pretty low between mine and my wife's TFSAs whois

[chizzles]

I do have a lot in my TFSA, but not only there.  If we ever got anything near 40x, even at $0.50, that would come to $20 a share. Just 25,000 shares would then we worth a half a million dollars. That said, I don't think we will get 40x. Any thoughts or expections on what would be a fair amount per share if we flipped?

[TwelveBagger]

  I would be disappointed if it was flipped for less than a 10x - obviously hopeful for any more than that! Every share my wife and I hold are in our TFSA luckily 40x would be unreal and that's what they flipped their last mine for $$$$ What does everyone else think?

[whoisyourpapa]

Obviously all of these valuations are pretty Pie-in-the-Sky right now but with how I see IMC positioning itself I wouldn't be surprised if they would like to control the region in terms of Tungsten including downstream etc. . . IMC is probably the best bet for any potential takeover but I won't complain if we have to wait for dividends instead.  What a position to be in to be honest.

[Lordzurg]

I cannot imagine dividends would ever be paid while they have debt on the books. I imagine the the loan agreement likely has provisions against it as well until the loan is paid. Companies that cant grow or find better uses for cash give it back. Im sure this company would look at acquisitions first or such. 

[chizzles]

Just having fun here... "Pursuant to the Arrangement Agreement, on closing each common share of Woulfe will be exchanged for 0.1029 of a common share of Almonty. Based on Almonty’s share price on July 6, 2015, this represents total consideration of $0.07 per Woulfe share and a premium of 16.7% to Woulfe’s closing price on July 6, 2015. Upon completion of the Arrangement, Woulfe shareholders

[TwelveBagger]

  a nice amount of my original shares were from that Woulfe transition - otherwise I would have blinked and missed the opportunity 27.20 per share - I'll take it lol - SOLD

[1dollarinto2]

Your math confuses me. I believe the news release from back in 2015 says .07 per share. At that time Woulfe had about 363 million shares outstanding so the purchase price for Woulfe was about $25 million. If you want to stick with the 40x idea then that is about $1 billion. With Almonty currently valued at about $200 million, then 5x from here. I would gladly take $4 per share for Almonty

[whoisyourpapa]

Lucky for everyone here that LB would never take $4 as a buyout

[TechOne]

How about  $ 10 + as a buyout..  Say within 2-3 year ? would you take it.. Considering where Almonty will be in 2-3 years + resources in the ground ie 80 year mine life etc. etc.  Mind you, LB is not that old so he may not want to take the money and run but who knows..  Every one has their price..  But first thing first..  Let's hear about the the start of the

[chizzles]

You are probably right, I thought that I might have been off somewhere. If 363 million WOF shares became 37,352,700 Almonty shares (363 mil x .1029), and those now 37 million Almonty shares cost $25 million, I don't think that is right either. I don't think we would calculate all of Almonty's shares to get to the 40x, I think it would be the the equivalent of 37 million shares since

[chizzles]

My other thought: If there is a takeover, which I think we expect, will with be for Sangdong only? Sangdong Tungsten only (and we keep the Moly)? Will Panasqueira, Los Santos or Valtreixal be involved? The Muguk Gold Mine that we all forgot about? If the takeover would be for Sangdong Tungsten only, not only should we get a huge return on that portion, but we will still own with a lot of value

[Look4Profit]

I also have a lot in my TFSA`s as well as RRSP`s. TFSA`s are better in the case of a sell out but if there isn`t enough room then RRSP`s are only taxed when you start drawing from them so it saves from the new capital gains tax.

[QuarterDollar]

Be wary of your investments and trading patterns in a TFSA because you can be severely taxed.  It is only tax free if you comply with Revenue Canada rules.

[Look4Profit]

You're right QD. The main issue is that they don't want people day trading in their TFSA so multiple daily/weekly/monthly transactions would throw up a red flag. However I don't think that any of us here are "flipping" our Almonty shares back and forth as the price fluctuates. I'm pretty sure we're more of a buy and hold crowd which wouldn't be against those laws.

[chizzles]

That is how I've always interpreted the rules also. I'm pretty sure we are safe, buying a stock a holding for 10 years or so before we sell.

[QuarterDollar]

No..... you can't just buy any stock for your TFSA. It has to be a qualified stock from a qualified exchange. (Plus day trading is not allowed)

[Look4Profit]

Also true, but I don't see how Almonty wouldn't be qualified and reputable brokerage houses usually block unqualified companies from being traded in specific accounts so no worries here.

[QuarterDollar]

@Look4Profit There might have been an issue with Almonty stock when purchasing it on the venture exchange before graduating to the TSX.  But I think the saving grace was when the stock on the TSX dropped below the price on the venture exhange.   I haven't looked into it yet.

[Look4Profit]

That`s a good point, and any available info is quite murky. From what I've read I do feel pretty safe about it but will definitely have my fingers crossed when the time comes :)

[whoisyourpapa]

Just don't day trade the stock in your TFSA and you'll be fine. . . 

[chizzles]

Agreed. But I think Almonty counts as qualified. They are trading on the TSX, not the TSX Venure. And at the time of us selling, I am assuming it will be worth many dollars per share. I think penny stocks, day trading, etc would not qualify. Almonty will. Especially if we are holding for over a decade. 

[TechOne]

For your information, TSX Venture is a qualified exchange...  You can buy and hold shares in TFSA for any company that trades on TSX-V ...  You cannot buy shares on US side that trades OTC or Pink sheets..  FWIW 

[whoisyourpapa]

Correct! https://www.thor.ca/blog/2023/03/tax-free-savings-accounts-not-always-tax-free/#:~:text=The%20King%20(%E2%80%9CAhamed%E2%80%9D),taxable%20as%20ordinary%20business%20income.

[TechOne]

Holding penny plays of TSX-V in TFSA is not the problem..  Easy enough to find out when you try to buy a stock in TFSA that trades on Venture because your broker and the online platform will allow it..  The problem account holder will run into with CRA is if you start trading it aggressivvly..  Because eventually CRA will come to know if you are using TFSA as a short term trading