AKM 0.00% 31.0¢ aspire mining limited

The next FMG like stock?, page-171

  1. 27,843 Posts.
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    we know why, we are the best performer.
    have a look at a lot of the spec market, has been hit hard since feb, the support for specs money flow weakened.
    call it trump trade war, commodities falling. US funds exiting aus.  

    Its as though the entire spec market has been in a huge correction. The Cobalt stocks are wiped out their 12m gains, the lithium stocks are almost as bad.
    legislative changes to china rebar, bodes well for the steel sector, that includes Vanadium stocks, the other better performers.

    but funds keep flowing into AKM.  Because the commodity of coking coal has stayed strong.
    And Mr T, has demonstrated the local support, and an insider to Mongolian government.

    His commitment and support, leads the psychology of the market to a credible development.
    And if all else fails, the market will be thinking, if  you sell for pips, you miss the next big move up as other Mr Ts take this to say 500m mc.

    refer comments "an asset which was similar to in scale and size as Ovoot....at 500m...and i'm (AKM) at 60, thats unacceptable and needs to be dealt with and thats something we'll certainly be progressing in the next 6 months or so......big partners...motivated...participants in NR and NR corridor "

    Its hard to find stocks that the market is putting faith in someone paying more tomorrow, when the specs are on correction, bear market. But,  we know what the Mr T's are capable of. Who of our further strategic interests, would take on market equity to push us up the envelop. A finance partner, or a construction partner, or a government body ? (china, russia, mongolia) Or another individual, who can recognize that FMG 2.0 capable of say half billion EBIT, and market cap towards 5 billion ?  Who potentially wants to take a ride from 500m, to 5 billion ? given some inherent heavy lifting on market from 75m to 500m ? Once confidence starts, the sellers will get wiped and new perceptions dictated by the deep pocket partners.
 
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Last
31.0¢
Change
0.000(0.00%)
Mkt cap ! $157.3M
Open High Low Value Volume
31.0¢ 31.0¢ 30.0¢ $69.75K 226.3K

Buyers (Bids)

No. Vol. Price($)
1 39791 30.5¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 45039 1
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
AKM (ASX) Chart
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