Almonty Industries Inc T.AII

Velocity Total Shares Traded

[cubesoftungsten]

Out of curiousity, what is Velocity's total shares sold now? They must be well north of a million.

[whoisyourpapa]

September 482K (so far) August 428K July 30K June 0 May 643K April 106K March 22K February 117K January 66K In 2023 in the months of October - December they did not sell any - that's as far back as I checked. .  whois

[TwelveBagger]

  1.894 million shares Shouldn't we be able to figure out who this is? That's an insanely large position Could it be the Goodman's or Woulfe staff?

[Maxmoe]

Help out a newbie to this name. Who is velocity? Never heard of it/them. 

[whoisyourpapa]

@Maxmoe Velocity is house 55 on the TSX through which there has been steady selling of Almonty stock for at least all of this year putting up 50K shares for sale on and off almost on a daily basis. In an Agust 2022 NR the CEO stated this: As for the recent stock activity, I want assure all shareholders that the Company is on track, and we will make the third utilisation request shortly to KFW

[Maxmoe]

Thanks for the history lesson. And yes, the old baggage will be replaced by stronger hands. Eventually. Brings me back to which matters most ... the disgruntled seller, or the mystery buyer staying under 10% ? Still no idea who velocity is. Not one person is named on their website. They do claim 50+ years of combined experience. An amazing feat since startup in 2007 or some slick math and

[whoisyourpapa]

LB and Plansee (the offtaker) are the 2 biggest shareholders here so although nothing is guaranteed in business I'm not too concerned. . . whois

[chizzles]

With Velocity and Anon, is it possible that one of these apply? Not suggesting anything at all, this is just a possibility? It doesn't make sense to me that anyone has that many shares and are still selling. And with that many, you'd figure it might be an insider and need to be reported? Just doesn't make any sense to me, especially at this stage. And there are still no signs of

[corton68]

anon seems to be buying and selling so to me that’s normal and healthy trading. The way Velocity is selling looks like a moron broker who has no idea what hes doing. What I do know given we’ve never seen Velocity before this year is that at some point they will be done, and then the Velocity broker can take his unique broking talents to another story elsewhere. We’ve weathered Dundee, rumors and

[Maxmoe]

I agree with your conclusion that this too shall pass but I'll remind you it's VERY unlikely velocity is trading it's own account or risking its capital. In all likelihood, The "idiot" is a velocity client indiscriminately selling. 

[whoisyourpapa]

@maxmoe I don't think anyone here thinks that.  Everyone agrees that its a velociy client. . . whois

[Maxmoe]

Oh, I think you'd be surprised. So much chatter about the significance of TD or cm or velocity or anon on the buy side or OMG the sell side ! Yes you and I know it's meaningless but many others believe otherwise. Just like watching level 2 indications. Pointless. Has anyone seen the pilot plant operating in person? Or even a utube version? That would be cool to see. 

[Ilovegame]

LB, keep your words and build the mine on schedule and within budget . They will be defeated.

[Maxmoe]

What's more important? Who sold or who bought? People sell for many different reasons. They only buy for ONE ! And sometimes sellers are just wrong. I confess I sold Microsoft a little over $100 after doubling my money in a stock that did squat for 5 years. Then in the next 5 years, it's gone up 4X more ! Oops. 

[whoisyourpapa]

No idea who it could be but if they are from the woulfe days it would mean they would have had 20M shares in woulfe mining.  Don't know if this would have given them insider status as I can't remember how many shares woulfe had outstanding. Anyway for me this is all just for sh*its and giggles as it ultimately doesn't matter.  Before velocity it was Dundee and after velocity