While i agree the Aussie market is going to see some rerate due to highly expanded P/E values soon enough,
(take Commbank for example) you must realise that AKM's target customer is China who is currently fumbling around at the bottom of their economy and likely to be trending upwards around the time AKM has divulged meeting certain targets.
If you are reading the comments you will see that quite a few posters have highlighted risks, but 12-18 months and you will probably miss the impending uptake which we are taking a punt at.
Bomber beat me to it (Westpac) but if I dont see 200k + shorts on the update tomorrow then definitely take heed of what you say.
Otherwise this a spec that will most likely be appealing all the while the Aussie market takes a break.
While i agree the Aussie market is going to see some rerate due...
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Last
30.8¢ |
Change
0.008(2.50%) |
Mkt cap ! $156.0M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 30.5¢ | $4.907K | 16.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13793 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 3284 | 2 |
View Market Depth
| Last trade - 13.25pm 08/10/2024 (20 minute delay) ? |
| AKM (ASX) Chart |