While I think AKM will ba a multi-bagger from here, I also think...

While I think AKM will ba a multi-bagger from here, I also think it may not reach the full $2 Billion mkt cap on the asx.

ING the big European bank have just announced a ban on all Met coal (used in steel making) finance for new and existing mines. Other big banks are following. see here..........

https://climateenergyfinance.org/wp...h-finance-beginning-to-shift-to-enable-it.pdf

https://www.ing.com/Sustainability/Our-Stance/Energy.htm

But, having said that, it is interesting that BIG money is coming from Indonesia to take up the slack.

I reckon S32 could see the writing on the wall and have just sold Illawarra Coal to a Singapore listed Indonesian entity for 4 x EBITA.

though i reckon we could see fireworks with this deal over the next year.........watch this space, I guess.

Maybe with money pulling out, we may get supply tightness going forward.......who knows these days.

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