2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
Original-Research: Almonty Industries Inc. - from Sphene Capital GmbH
Classification of Sphene Capital GmbH to Almonty Industries Inc.
Company Name: Almonty Industries Inc.
ISIN: CA0203981034
Reason for the research: Update Report
Recommendation: Buy
from: 06.06.2024
Target price: CAD 2,13 (bisher CAD 1,59)
Target price on sight of: 36 Monate
Last rating change: -
Analyst: Peter Thilo Hasler, CEFA
Defence spendings drive tungsten demand
As geopolitical tensions continue to rise, the demand for advanced defence
technologies is likely to increase, driving the demand for tungsten armour
which is less regulated than depleted uranium and also considered
“exportable” by the US government. With the world’s longest producing mine
(Panasqueira) and the world’s largest tungsten deposit (Sangdong) under
construction, Almonty is – in our view – very close to becoming the most
important global supplier of conflict-free tungsten material. We continue
to value the shares of Almonty Industries using a two-stage Discounted
Cashflow entity model of Almonty’s current and future producing assets
(Sangdong, Panasqueira, and Los Santos,) to which we have added the
discounted value of the development project (Valtreixal). We calculate a
target price of CAD 2.13 per share. With an expected share price
performance of 222.7%, we confirm our Buy rating for the shares of Almonty
Industries.
You can download the research here:
http://www.more-ir.de/d/30001.pdf
Contact for questions
Peter Thilo Hasler, CEFA
+49 (152) 31764553
peter-thilo.hasler@sphene-capital.de
-------------------transmitted by EQS Group AG.-------------------
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
