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AKM - Aspire Mining

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Market may have taken notice of yesterdays volume and media there is some big orders lining up.. Looks like the sophisticated investors and institutions will have to wait in line and buy on market like everyone else now following this storey which seems to be very little of ASF followers..
 
well done adobee

never went into it, and of course i lament that now..

but enjoyed your updates

blue sky hey!!

cheers
 
Agentm said:
well done adobee

never went into it, and of course i lament that now..

but enjoyed your updates

blue sky hey!!

cheers
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Well I went the other way and got in at 0.079000 and out at 0.120000 i think i should have let it run a little more.... :D

oh well next time.:rolleyes:
 
There's somebody looking to pick up 3m shares @ 30c today. Will be interesting to see what happens today.
 
flee said:
There's somebody looking to pick up 3m shares @ 30c today. Will be interesting to see what happens today.
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I'd watch it for the morning - market hype might have taken over yesterday - although it might be nice for a quick day trade.
 
Have been reading a few reports today which mention that there is some risk of Mongolia being subject to a single market for the coal being China and thus risk getting inferior prices for there coking coal.. On the upside it is apparent Mongolians are not big fans of the chinese and the government would be keen to open the market up across other borders thus may be highly involved in infastructure & raillinks..

The run to date has been fantastic.. I think it is still early days.. $70m market cap but already big resource and great funding.. I keep thinking about selling some but when I compare it to the other options I am considering for some australian coal companies with no real resource found this looks to have substanially more upside..

If only I had more confidence at 8c !
 
I think the latest interest has stemmed from an article by Charlie Aitkin from Southern Cross Resources. The self proclaimed contrarian gave the stock a huge buy recommendation. (including a disclaimer that he had an "interest" as a holder of the stock) Most small cap stocks he promotes get a good run on for up to a week after the articles.
 
China is not the only market for the Coal as the railway also goes north to Russia. Check out Hunnu (Ticker: HUN) which is rapidly capitalising.
 
STill pushing ahead.. the buy sell ratio is pretty crazy at the moment.. Anyone got suggestions of companies which could be used as a quick comparison of value..
 
The large buys seem to have been filled or pulled.. COuld be a bit of a retrace in order which isnt to unexpected.. would be nice to see it keep a good level of 25c +
 
Mongolia Revokes Mining Licenses

Nov. 20 -The Mongolian government dropped a bombshell on the international mining industry by suspending 254 gold mining licenses on Friday.
The Ministry of Minerals and Energy revoked the licenses citing “environmental concerns,” and hinted that others licenses may also follow. The government is providing compensation to investors affected.
The licenses are being revoked under a 2009 law which protects Mongolia’s forests and river basins. Mongolians consider the ground sacred and are reluctant to dig, fearing it may upset the balance of nature. Living close to nature also, as many Mongolians do, means they have an in-built awareness of the environment and are highly sensitive to damaging or polluting the land. Proposed golf courses for example, a lucrative form of investment in nearby China are banned in Mongolia due to concerns over the use of fertilizers and weed killers.

The license issue may have serious repercussions if it spreads beyond gold. Several international mining companies have recently established operations in Mongolia and have gone on to IPOs in Hong Kong and Canada. The government says it will release a full list of companies affected early next week. Analysts warn of the dangers of investing too much in emerging countries such as Mongolia due to the dangers of government U-turns over investment policies.

This is not the first time the government has banned mining companies. Following a deal in which a five year, 100 percent tax break was agreed with one of the large international mining companies for the extraction of coal, the Mongolian government were not amused when a project expected to last for 20 years and produce tax revenues for 15 of them was fully completed in less than five years, leaving the government with an empty mine and no income. International mining companies have not always behaved well in Mongolia, and this, coupled with an emerging regulatory environment, has lead to stresses.
 
AKM rocketing along.. thought it would have more of a breather but obviously not.. I am back on at 38c.. South Globi have annouced they dont have any problems with mongolian government .. Just awaiting some more good news now
 
Cant believe I dropped out at low 30c ...
looking to smash 40c now..
Picked up more this morning.. Hope we see some substanial holder announcements out soon for some insto's
 
Any idea why the stock is going through the roof? Just hit 0.465, wondering whether there is news due that someone has heard early...
 
If we new we would be very rich ..
It is going Bonkers but I guess people are wanting in -
- Tight share register
- Possible world biggest coking coal resource
- Only 10% resource drilled
- Coking coal results due shortly
 
AKM still cracking.. some good buys going through at 48c too..
It could get me winning place two months running in the ASF ASX stock comp if continues to perform like this next couple of days ..
 
Took a breather today.. It is reported that someone / corporate has taken 4.9% stake on market at the moment having accumulated 29m shares..

Quality of coking coal and transport initiative / arrangements are going to be the next to major announcements here..
 
RIV takeover shows healthy appetite for Coking Coal..
Fingers crossed it will just be a matter of time for AKM ..
 
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