While I think AKM will ba a multi-bagger from here, I also think it may not reach the full $2 Billion mkt cap on the asx.
ING the big European bank have just announced a ban on all Met coal (used in steel making) finance for new and existing mines. Other big banks are following. see here..........
https://climateenergyfinance.org/wp...h-finance-beginning-to-shift-to-enable-it.pdf
https://www.ing.com/Sustainability/Our-Stance/Energy.htm
But, having said that, it is interesting that BIG money is coming from Indonesia to take up the slack.
I reckon S32 could see the writing on the wall and have just sold Illawarra Coal to a Singapore listed Indonesian entity for 4 x EBITA.
though i reckon we could see fireworks with this deal over the next year.........watch this space, I guess.
Maybe with money pulling out, we may get supply tightness going forward.......who knows these days.
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