AKM 2.78% 35.0¢ aspire mining limited

Looking very strong now - 3c on the cards today AKMOA Oppies...

  1. 3,333 Posts.
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    Looking very strong now - 3c on the cards today
    AKMOA Oppies should be around 1.4c by now

    My final post for the day, Better go do some work LOL  - heres another piece of the puzzle that  should have investors plow into AKM before it re-rates
    Notice where i have highlighted below - Here is the clue  "Once the northern corridor is completed"  SO IT WILL BE COMPLETED !!!!!

    "Erdenet – Ovoot Railway once the Northern Corridor is completed."

    GLTA

    Cooperation Agreement Signed Between Russia and Mongolia Lowers Coal Rail Costs
    • A long awaited intergovernmental agreement on transporting goods by rail has been signed in Ulaanbaatar on 8 June 2018 by Mongolia’s Minister for Roads and Transportation Mr Bat-Erdene and the Russian Transport Minister Mr Ditrikh. (source : www.news.mn).
    • The Agreement allows for Mongolian sourced freight to enjoy tariff discount on transit transport for its exports through Russia for 25 years.
    • Mongolian coal exports will receive a 66.4% discount and container transport a 52% discount on the Russian rail system.
    • Minister Bat-Erdene in a subsequent interview noted that: o the Russian and Mongolian ministries had discussed the Northern Rail line which will connect the Tuvan capital of Kyzyl with the Erdenet – Ovoot Railway.
    o Mongolia and Russia will cooperate to export Russian coal to the south from Kyzyl through Mongolia and Russia will cooperate to see the export of Mongolian coal east to Far East Russian Ports and west to Europe via the Black Sea. (source: Daily News UB) Aspire’s Executive Chairman Mr David Paull commented that “This Rail Cooperation Agreement has two important positive impacts for Aspire.
    The first is that it lowers rail transit costs through Russia to Far East Ports and potentially west to the Black Sea Ports to a point where it is competitive with transport costs to Northern Chinese customers, opening up a larger and more diverse customer base.

    The second impact is the agreement from the Mongolian Government side to cooperate to assist Russian exports south from the Russian city of Kyzyl to connect with the Erdenet – Ovoot Railway once the Northern Corridor is completed.
    As Aspire noted in the recent ASX release dated 4 June 2018, the Rail Feasibility Study did not include any Russian transit freight. Addition transit freight demand will increase the investment returns on the Erdenet – Ovoot Railway further.”
 
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35.0¢
Change
-0.010(2.78%)
Mkt cap ! $177.6M
Open High Low Value Volume
36.0¢ 36.0¢ 32.5¢ $79.37K 233.2K

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No. Vol. Price($)
3 16969 35.0¢
 

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36.0¢ 251383 2
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