Almonty Industries Inc T.AII

New Press Release - Almonty Completes Final Technical Review Prior To Processing Plant Equipment Installation at the Sangdong Mine

Highlights:Completion of pilot plant test works for trial tungsten concentrate production across two locations: South Korea and PortugalClears path for processing plant equipment installation at Sangdong by Metso. Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX...read article.

[QuarterDollar]

Sounds like Almonty is behind schedule.  I thought the ramp up phase was supposed to be started now. @5ilver, In your opinion, how long does it take to install the Processing Plant Equipment? Is the installation of the Processing Plant Equipment part of the ramp up phase?

[whoisyourpapa]

Yes sounds like we're behind schedule.  No way we are going to commissioning stage in Q3 which is over in 2 weeks.  My uneducated guess is we're 3 months behind schedule JMO of course whois

[whoisyourpapa]

For clarity and real answers we'll have to wait for this: https://ii-forum.com/timetable-10-iif/

[QuarterDollar]

agreed whois.....but I think LB won't be as forthcoming in the IIF because he added additional time to the delivery timeline, plus previously stated he rather over estimate the timeline and deliver early than provide a stringent timeline and then have to justify every delay. Looks like even with the additional time added to the schedule, we are still going to be delayed.  We will see

[TwelveBagger]

  3 month delay on a 99 year mine is nothing honestly aside from frustration of a 3-6 month delay it wouldn't make a huge difference either way to long holds 

[QuarterDollar]

@12B You are right on all points

[1dollarinto2]

I don't think I am reading the timline from slide 21 of Almonty's most recent presentation the same as those who are saying things are delayed. From my read of the timeline slide mining activities begin between the start of q3 2024 and the end of q1 2025. Completion and Commissioning is to be completed before the end of q4 2024. Ramp up of the mine is throughout 2025. Lewis previously

[whoisyourpapa]

Thank you @5ilver and @1dollar for your input and perspective. I never considered reading the page 21 timeline slide in the way that you have @1dollar.  If that is the correct way to read it then we are not delayed. . . I think a new Investor Presenation is due and will be up on the Almonty website soon, if the timeline slide stays the same then that is confirmatio that your interpertation

[TechOne]

I look at the news release as generally positive since until now we have been speculating so now we have a bit of concrete information to what ever assumption we make..  Since the commissioning process is so long starting now, any disruption to timeline if there is one,  hopefully can be accomodated within that..   so on with the show and yes, October IIF presentation

[5ilverlining808]

1dollar, you read the milestone timeline chart correctly-ish. The start of activities are depicted as a grey colored arrow, the flat side to the left is the start dates and the arrow to the right is the proposed non- defined finish dates. As far back in the presentations I have saved, nothing has changed in the milesone charts since October 2023. My earliest last save of a presentation was June

[whoisyourpapa]

I don't belive the company meets the listing requirements for a listing on the KOSPI or KOSDAQ and won't for years siince the requirments are tied to minimum operating income.  That's my understanding anyway. . . https://resourcehub.bakermckenzie.com/en/resources/cross-border-listings-guide/asia-pacific/south-korea-stock-exchange/topics/principal-listing-and-maintenance

[Maxmoe]

Trusted to the maxmoe. Time for a small financing? I could go for a little warrant sweetener on top