The recent China/Australia coal ban just adds to the potential of AKM! It has huge potential.. Massive! The size of Ovoot plus Nurtsei, the railroad, the location between China and Russia.. Now China will have a massive demand for coal. Its off the scale potential.
But they really seem to be struggling to get anywhere in Mongolia. The rail conditions precedence has been delayed until June. And in that time no mention of anything regarding the rail. How long will the construction take if the approval takes years?. Nurtsei has been forgotten. And this early development of Ovoot is starting to look like the, “not so early development” of Ovoot. It’ll be 18 months after the go ahead before anything starts happening. The timelines just seem to be blowing well out.. It’ll be years and years before anything.
Hopefully having a lot of local Mongolian investors on board and the now massive need for coal for China will fast track things.
The recent China/Australia coal ban just adds to the potential...
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Last
21.0¢ |
Change
-0.015(6.67%) |
Mkt cap ! $106.6M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.0¢ | $23.39K | 105.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47522 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 44951 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
-0.015 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 22.0¢ | 46500 | ||
| Last updated 12.38pm 03/05/2024 ? | |||||
| AKM (ASX) Chart |