Latest news with #LewisBlack
Yahoo
12 hours ago
- Business
- Yahoo
SolarWinds promotes insider to CFO seat
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. SolarWinds has promoted finance veteran Tim Karaca to the company's CFO seat, the software maker said Wednesday. Karaca most recently served for three years as the group vice president for strategic finance and investor relations at SolarWinds. His new role became effective on June 16, according to a press release. The finance leadership change comes as the Austin, Texas-based information technology management software provider defends itself against a Securities and Exchange Commission lawsuit stemming from a major cybersecurity breach in 2020. In 2023, the SEC sued the company and its chief information security officer, Timothy Brown, for allegedly defrauding investors by mischaracterizing cybersecurity practices that were in place at the company leading up to the 2020 breach. Both Brown and the company's then-CFO, J. Barton Kalsu, were put on notice during the agency's investigation that they could face charges. However, Kalsu ultimately wasn't named in the suit. In June 2024, SolarWinds announced that Kalsu resigned to 'explore other professional opportunities' outside the company. Karaca succeeds Lewis Black, who became CFO of the company following Kalsu's resignation. Black is 'transitioning out of the role after having led the company through many notable achievements,' a spokesperson said in an email. Prior to joining SolarWinds, Karaca did leadership stints at AIG, Microsoft and Bridgewater Associates. 'Tim's significant strengths in strategy, capital allocation, and operating discipline are critical to our growth-focused partnership with Turn/River Capital,' SolarWinds CEO Sudhakar Ramakrishna said in the Wednesday release. 'There is no one better suited to serve as CFO as we embark on this next chapter.' The transition also comes less than two months after the company went private after completing an agreement to be acquired by Turn/River Capital for $4.4 billion. Recommended Reading Disney CFO, ex-CEO named in shareholder lawsuit
The Market Online
2 days ago
- Business
- The Market Online
Almonty Industries: Analysts raise target price! 75% Upside Potential! CEO clearly backs Rheinmetall and Co. on CNBC
Anything other than further price increases for Almonty shares in the coming weeks would be a surprise. The tungsten gem is facing a hot summer. The main driver for the share price will be the commissioning of the mega mine in South Korea. Due to the increasing visibility of revenue and profit growth, analysts have significantly raised their price targets for the share. With its unique market position, the Company remains attractively valued compared to its peers. With the planned upcoming NASDAQ listing, the stock is expected to attract greater attention from US investors. That Almonty is gaining more visibility is underscored by CEO Lewis Black's recent interview with CNBC. In it, Black emphasized that Almonty already supplies 85% of its production to the defense sector. Rheinmetall, for example, needs tungsten to harden ammunition. 75% price potential: Analysts raise target GBC Research has raised its price target for Almonty Industries (TSX:AII) shares from CAD 4.20 (EUR 2.69) to CAD 5.50 (EUR 3.52). The 'Buy' recommendation was confirmed in a detailed research update. The main reason for the price target increase is the improved visibility for the commissioning of the Sangdong mine in South Korea. The mega mine will make Almonty the largest tungsten producer in the Western world. Analysts report that construction work on the Sangdong mine was largely completed in the first quarter. The installation of the processing plant is in its final phase, and the last tranche of the project financing loan from KfW IPEX Bank for USD 75.1 million has been drawn down. The first ore processing is scheduled to take place in the second half of the year. Analysts expect strong growth in key figures Source: GBC Research P/E ratio for 2027 below 5 Revenue and earnings are expected to grow dynamically in the coming years. Analysts already expect revenue to double to around CAD 60 million this year. In 2027, revenue of CAD 314 million is expected to result in net income of CAD 212 million. This would give Almonty a strong net margin of 67.5%. With expected earnings per share of CAD 0.74 for 2027, the P/E ratio is currently below 5. This appears to be too cheap. GBC study available for download here Almonty of strategic importance for the defense sector With its resource base, high ore grades, and vertical integration extending to its tungsten oxide processing plant, Sangdong is becoming a strategically significant player in the global tungsten supply chain – and thus for the Western defense sector. This strategic importance was recently confirmed officially at the highest level by the US government. Almonty received an official letter from the US House of Representatives' Select Committee on the Strategic Competition between the United States and China. The Sangdong mine was recognized by the committee for its potential to become the largest tungsten producer outside China. The committee intends to continue working with Almonty. Almonty could not only support the US defense industry but also potentially supplement national defense stocks with its tungsten. There has been no commercial tungsten production in the US since 2015. CEO Lewis Black emphasized Almonty's focus on supplying the defense industry in an interview with CNBC last Friday. According to Black, nearly 85% of current production – Almonty already operates a tungsten mine in Portugal – is already going to the defense sector. This focus will be maintained with the opening of the Sangdong mine. Black also explained the relocation of the Company's headquarters from Canada to the US – a move that had already been decided under the Biden administration – by saying that the Company wanted to be closer to its customers. (link: The fact that there is a lower price limit but no upper limit for the latest partnerships and purchase agreements shows that availability is more important to customers than price. The lower limit, in turn, gives Almonty important planning security. Overall, the lights are green for further price increases for Almonty shares. GBC Research's forecasts show that the stock is anything but expensive, even after tripling since the beginning of the year. This is also true when compared to companies like Rheinmetall, Germany's largest defense manufacturer, which, for example, requires tungsten for hardening ammunition, or the US raw materials company MP Materials. The comparison with MP Materials will likely come into sharper focus with the upcoming NASDAQ listing. By then at the latest, the share price should be heading towards GBC's price target. An entry at the current level appears to offer significant upside potential. Almonty shares with a clear upward trend Source: Refinitiv Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a 'Transaction'). 'Transaction'). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company. Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such. The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user. The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use. This is third-party provided content issued on behalf of Almonty Industries, please see full disclaimer here.
The Market Online
3 days ago
- Business
- The Market Online
Almonty Industries – Now it is getting critical!
The escalating conflict between Israel and Iran, with mutual missile attacks, is causing death and destruction. However, with the Islamic Republic threatening to block the Strait of Hormuz, an economic disaster could be imminent. The reason is that a large part of global supply chains run through the strait between the Persian Gulf and the Gulf of Oman. Both energy supplies and the flow of goods would be severely affected, with catastrophic consequences in the form of skyrocketing inflation and disrupted supply chains. Western countries are urgently searching for alternative production sites, especially for critical raw materials, in order to avoid such horror scenarios in the future. In the case of the critical metal tungsten, Almonty Industries is on the verge of a breakthrough in supplying the Western world with this strategic raw material. High-quality deposit with strategic depth Almonty Industries (TSX:AII) is on the verge of a decisive milestone with the Sangdong mine in South Korea. After around ten years of development, commissioning is planned for summer 2025. The mine is one of the world's largest and highest-grade tungsten deposits, with ore grades approximately three times higher than the market average. With a projected life span of over 90 years, Sangdong represents a long-term asset. In addition, the Canadians are striving for vertical integration. Parallel to the first production phase, they plan to build their own tungsten oxide production plant and smelting facility. This would make Almonty the only fully integrated tungsten producer in a transparent legal system outside China. In addition, the Sangdong property has an approved molybdenum deposit that has already been secured by a purchase agreement with the SeAH Group. Almonty's role in security of supply China's increasing export controls on strategic metals, including tungsten, gallium, and germanium, have put pressure on the West's supply of raw materials. The US, Europe, and Japan depend on these metals, especially for the defense industry, semiconductor production, and high-tech applications. China's dominance in the global value chain makes diversification of supply sources imperative. In this complex situation, Almonty Industries is positioning itself as a key source of supply outside China. With a projected coverage of up to 40% of global tungsten production outside the Middle Kingdom, the Company can significantly contribute to supply security. The US government has taken note of this with approval. The Congressional Committee on Strategic Competition with China has emphasized Almonty's importance and signaled potential cooperation in the context of national defense reserves. CEO Lewis Black, therefore, describes the Sangdong project not only as a commercial mining venture but as a strategic infrastructure asset aimed at strengthening the resilience and security of Western supply chains. Well-financed and well connected Almonty focused early on economic stability and predictable earnings. Project financing from KfW IPEX-Bank on favorable terms demonstrates confidence in the management and the project. Purchase agreements with minimum prices, including with the US company Tungsten Parts Wyoming and Israeli partner Metal Tech, secure stable cash flows for Almonty. In addition, more than half of future production from South Korea is not tied to long-term contracts, giving the Company flexibility in global sales. In Europe, there is a supply agreement with the Austrian Plansee Group, which is also one of the largest shareholders. Almonty is also strategically expanding its US network: the relocation of the Company's headquarters to the United States was approved by 99.6% of shareholders. Alan Estevez and General Gustave F. Perna, two prominent US military and security representatives, recently joined the Board of Directors. Membership in the Critical Minerals Forum also gives Almonty access to DARPA's state-of-the-art analysis tools. Source: Refinitiv, June 16, 2025 Analysts euphoric A listing on the NASDAQ is planned and should significantly increase visibility among institutional investors and liquidity in the stock. Analysts have adjusted their forecasts: GBC Research raised its price target to CAD 5.50 and expects revenue to increase to CAD 314.9 million by 2027. Sphene Capital also sees potential and even forecasts CAD 482.3 million in revenue with an EBIT of CAD 197.5 million from 2027. The valuation appears favorable compared to the peer group: The expected price-to-earnings ratio is 5, while comparable US companies such as MP Materials are valued significantly higher. Almonty on the verge of a breakthrough The pressure to secure supplies from non-Chinese suppliers is high, and demand for tungsten exceeds supply. According to industry experts, European and US stocks are almost depleted. With the commissioning of the Sangdong mine, political backing from the US, exclusive supply contracts, and an ambitious expansion strategy, Almonty Industries is perfectly positioned to meet the requirements of the geopolitical situation. The next step is to start production in the second half of 2025 at the latest, an event with far-reaching consequences for the global raw materials market and a milestone for investors who have already invested. In an interview interview on CNBC, Almonty CEO Lewis Black talks about the reopening of the Sangdong mine in South Korea and also discusses the outlook for tungsten in light of global demand for critical metals. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships. For this reason, there is a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. This is third-party provided content issued on behalf of Almonty Industries Inc., please see full disclaimer here.
Yahoo
13-06-2025
- Politics
- Yahoo
Letter: Commentary on death penalty is wrong about Hebrew Bible
'Death penalty in keeping with principles of the Bible' (Reading Eagle, June 4), which asserts that the Hebrew Bible generally supports capital punishment, brings to mind comedian Lewis Black's advice that if you want to understand what the Hebrew Bible means, ask a Jewish person. The letter is based on an understanding of the Hebrew Bible that is, forgive the pun, dead wrong. The Hebrew Bible is understood not simply by reading the text itself but through studying the Talmud, an explication of the biblical text by ancient rabbis and sages. Wrestling with the text reveals its true meaning. The letter says Exodus 21:14 demands the death penalty for premeditated murder, but how is premeditation proven? To convict someone of premeditated murder under Jewish law, the court required two witnesses, according to Numbers 35:30. The Christian Bible accepts this principle in John 8:17. In Jewish law, two witnesses must testify that they warned the assailant he could be sentenced to death if he commits murder. The witnesses had to testify they heard the assailant assent in case the assailant was deaf. Premeditation under biblical law was extremely difficult to prove. Many other legal requirements were imposed. Historians doubt anyone was ever convicted of premeditated murder under Jewish law. Marshall Dayan Pittsburgh
National Post
09-06-2025
- Business
- National Post
Almonty Receives U.S. Congressional Recognition for Strategic Role in U.S. Critical Minerals Supply Chain
Article content TORONTO — Almonty Industries Inc. (TSX: AII | ASX: AII | OTCQX: ALMTF | Frankfurt: ALI) ('Almonty' or the 'Company'), a leading global producer of tungsten concentrate, today announced the receipt of a formal letter [available here] from the Chairman and Ranking Member of the U.S. House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. Article content The letter underscores Almonty's strategic importance to the United States as it seeks to secure critical mineral supply chains amid rising geopolitical tensions. Specifically, the Committee acknowledged: Article content The significance of Almonty's Sangdong Mine in South Korea, which is expected to become the largest tungsten producer outside of China. The Company's planned redomiciling to the United States, positioning Almonty to become the only U.S.-based company producing tungsten concentrates at commercial scale. Article content The Committee also expressed interest in ongoing engagement with Almonty, focusing on potential collaboration in support of the U.S. defense industrial base, including supply chain integration with American defense contractors and potential additions to the National Defense Stockpile. Article content The Company has subsequently responded to all questions posed by the Chairman and Ranking member of the U.S. House Select Committee. Article content Comment from Lewis Black, President and CEO of Almonty Article content 'This recognition from U.S. congressional leaders affirms that Almonty's Sangdong project is far more than a commercial endeavor — it is strategic infrastructure vital to the security and resilience of U.S. and allied supply chains. As we prepare to redomicile to the United States, our objective is to go beyond being a supplier. We are positioning Almonty as a trusted partner in reshoring and friend-shoring critical mineral capacity at a time when geopolitical pressures demand greater transparency, reliability, and allied control. We are deeply aligned with U.S. national security priorities and remain focused on delivering long-term value to our shareholders.' Article content Almonty is nearing completion of its processing facilities at the Sangdong Mine, with first production targeted for 2025. With no commercial tungsten production in the United States since 2015, Almonty's entry into the market is expected to significantly bolster U.S. supply chain resilience for a mineral critical to munitions, aerospace, and other high-performance defense applications. Article content About Almonty Article content Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in Portugal. Its Sangdong tungsten mine in Gangwon Province, South Korea is currently under construction. The Sangdong mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, and has significant upside potential from an underlying molybdenum deposit. Additional development projects underway include the Valtreixal tin/tungsten project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at Article content The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law, and therefore, persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Article content Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Article content Disclaimer for Forward-Looking Information Article content Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology. Forward-looking information or statements in this press release include matters relating to the quantity of tungsten oxide to be purchased under the Offtake Agreement and the price at which such purchases will be made, the applications in which the purchased tungsten oxide will be used, the processing of the tungsten oxide, the time at which deliveries are expected to commence, the term of the Offtake Agreement and the anticipated benefits of the Offtake Agreement for Almonty. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations. Article content Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ('APT') from which the sale price of Almonty's tungsten concentrate is derived, the risk that the Offtake Agreement may be terminated in accordance with its terms before the end of its initial term, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty's operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty's business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty's shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development, production and operations at Almonty's tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty's mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty's mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, and challenges related to global financial conditions. Article content Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of APT, the continuing ability to fund or obtain funding for outstanding commitments, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Article content Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, Almonty does not undertake any obligation to publicly update any forward-looking statements. Article content Article content Article content Article content Company Article content Article content Lewis Black Article content Article content Chairman, President & CEO Article content Article content +1 647 438-9766 Article content Article content info@ Article content Investor Relations Article content Article content Lucas A. Zimmerman Article content Article content Managing Director Article content Article content Article content Article content Article content
