at the moment we are seeing a fair value (for current conditions) re rate.. the recourse has always been there since Davids day.. it was just a matter of making it feasible to get out of the ground, appease the locals and be able to ship it.. now that alot of these boxes have been ticked price is due to level up..
This is obviously helped along by the fact that liquidty is so low due to Mr T and others holding such a large portion.. anyone wanting to gain a somewhat decent size position is being forced to pay up for it..
offtake agreements, construction etc are all mile stones that in time AKM is due to tick off now and each step will see a further appreciation in SP til it get to a level of actual production.. then all of this will be well in rear view mirror..
General Discussion, page-393
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $192.9M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 38.0¢ | 36.0¢ | $62.89K | 167.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 59345 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 837269 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| AKM (ASX) Chart |