AII Almonty Industries (delisted)

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Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Almonty Industries (delisted)	TSXV:AII	TSX Venture	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
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EDISON EQUITY RESEARCH - ALMONTY INDUSTRIES

05/01/2015 2:08pm

InvestorsHub NewsWire

EDISON EQUITY RESEARCH: ALMONTY INDUSTRIES - SHARE BUYBACK EXTENSION

Almonty has announced its intention to renew its share buyback programme, totalling 1.43m shares, or 2.9% of the outstanding share capital. At the current share price, the company would spend c C$0.9m. While relatively small, the buyback is marginally accretive to the EPS and valuation.

Almonty Industries is an independent tungsten producer, with two operating mines – Los Santos in Spain and Wolfram Camp in Australia – and the development-stage Valtreixal tungsten-tin project in Spain. We expect the company to produce c 90kmtu of contained WO3 in FY14, rising to 172kmtu in FY15 as it fully consolidates WCM.

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