Q: Almonty Industries the mainly Tungsten mining company has had a meteoric ride over the past year. The mine in S Korea has just recently started to produce. It has grest capacity and there’s a tremendous demand for this mineral worldwide.
What are the chances that it may be bought out by a large international or US company?
Thanks
What are the chances that it may be bought out by a large international or US company?
Thanks
5i Research Answer:
Probably fairly high, as it has a strategic asset in a safe jurisdiction, and soon-to-be-rising cash flow. It is still a 'small bite'. We would expect a close government review on any deal, however.