AKM 1.37% 36.0¢ aspire mining limited

Putting the Spotlight on AKM in Mongolia, page-12

  1. 3,333 Posts.
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    Absolutely correct - I would say its accumulation period now and getting set for next run up back to at least, around that 1.9c- 2c level where it was in January this year and then a push through that level of resistance to new medium term highs - VOLUME has significantly dried up today so unless we get another layer of buying spree it will sit around these levels. We got 10 million in bank which will see us till we get to production

    There is just too much happening now - and FINAL feasibility literally a month away or less IMO which will significantly re rate us - patience as only the weak hands sell before a major rise in share value. Remember they want your shares as cheap as they can get them and i think we have reached a stage where they wont be as cheap as they are today - DYOR

    We previously talked about market cap of somewhere between 400-600 m in full capacity production ( which is conservative IMO ) previously and we sitting at 30 mill MC

    GLTA
    Last edited by Graphite101: 02/05/18
 
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