TSX:AIIMetals and Mining
Almonty Industries (TSX:AII) Stock Valuation After US$700 Million Convertible Notes And Sangdong Progress
Almonty Industries (TSX:AII) has just completed a US$700 million offering of 2.25% senior unsecured convertible notes due July 2031. This financing step is tied closely to its tungsten growth plans.
See our latest analysis for Almonty Industries.
Almonty’s CA$24.75 share price comes after a sharp sell off around the oversized US$700 million convertible notes deal. However, the 1 day and 7 day share price returns of 4.08% and 9.03% suggest short term momentum is rebuilding, while the very...