AHN SP up almost 200% today on potential JORC resource with green steel potential? AKO announces 200mt Maiden JORC resource with green steel potential (and huge upside potential) and SP halves. Go figure.
Permit concerns must be easing given positive IMF and Madagascar Government statements so permit issues cannot be driving the SP down given the likely reduction in sovereign risk.
Do appreciate that some could be crystallizing tax losses after recent equity raising, but managing investments driven by tax outcomes is a mug's game. Stick to fundamentals when making investment decisions.
Still see AKO as the best iron ore play in the world. Others will soon agree.
AKO General Discussion, page-11
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