@drs
have to understand how bulk miners work. bulk mining is cash intensive - thats why so many assets were left stranded after 2013 price collapse - many of those companies disappeared never to be seen again
so now market is leary of the space
thats why having a major investor with ability to help fund and push is a big deal - market tends to progressively re-rate the developers only when they've shown an ability to get that required financial backing
why Atlas was sitting at what 2.1c - until Twiggy and Gina got into their bidding war
the other part of it is probably the simple lack of awareness of metcoal prices.
its never reported anywhere that i see - back in 2010-11 i used to read about quarterly settlement prices pretty regularly
so id probably say this is what is called contrarian investing - buying when there;s no froth around
your comments suggest you're looking for explosive moves.
if i had to guess i'd be thinking AKM is in for a long slower steady upward re-rate - unless something big uplift in metcoal prices occurs or something else puts the sector back on the front page
the end game is colossal - esp with the rail carry option. but imo mainly for the patient.
when the traders are excited thats when you see the bigger zippy moves - but who can say when that will be
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Last
33.0¢ |
Change
-0.020(5.71%) |
Mkt cap ! $167.5M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 32.0¢ | $192.7K | 567.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 85097 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.325 |
5 | 83962 | 0.320 |
1 | 1645 | 0.310 |
2 | 86500 | 0.300 |
1 | 10000 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 85097 | 1 |
0.360 | 9923 | 1 |
0.365 | 36169 | 3 |
0.370 | 64340 | 3 |
0.380 | 692954 | 5 |
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