AKM is a long term play.
Coal is on the slide and long term funding will need to get sorted out.
The resource is not going anywhere unless they sell it on the side for pennies.
RIV was $10 before CFC arrived then came crashing down to $1.
$16 was the final price.
AKM will need to drill, drill and keep drilling regardless of what the market does.
cheers
why is the share price falling?, page-2
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Last
34.5¢ |
Change
0.015(4.55%) |
Mkt cap ! $185.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 36.5¢ | 33.5¢ | $74.92K | 209.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5833 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 15000 | 1 |
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| Last trade - 11.20am 01/07/2024 (20 minute delay) ? |
| AKM (ASX) Chart |