Day Trading 8 Sept Pre Market, page-36

Off Topic (i.e. not for DT at this price). Could be good for ST-LT if buying at right price.

AKM - MC $27m

100% owner of the world class Ovoot Coking Coal Project (Ovoot) which is the second largest coking coal project by reserves in Mongolia.

Also owns a 90% interest in the Nuurstei Coking Coal Project which has a 12.85 million tonne JORC resource.

Northern Railways LLC (AKM) received the green light to build and operate a 547 kilometre railway to extend Mongolia’s national rail network from the city of Erdenet to its flagship Ovoot Coking Coal Project in Mongolia. LOI for funding is signed with CDB (China Development Bank).

Over 70m shares traded in past two days alone with average of 2.9c. Some suppy during current and previous rise but will be ending soon and may not go down below 2c with high volume. Most supply from previous CR to raise $4.4 by issuing 213m shares at 2c. Nearly $2m worth of shares allocated to existing holders, who have paid lot more in past. Hence, even we believe all CR shares to be sold out to lock in profit we are nearing to end of supply and once its done,  AKM will be ready to move up on back of each milestones being ticked. $27m MC looking cheap here.


All IMO and so please DYOR.