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AKM - Aspire Mining

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"Coal prices have soared during the past year, with prices tipped to rise further in 2011, as Chinese growth spurs strong demand for coking coal, used in steel furnaces."

He also said many other major miners, including BHP Billiton Ltd, Swiss company Xstrata, or Brazil's Vale could also be interested in Riversdale."There are a huge field of players, and China is crawling with investors, while Vale has expanded from iron ore into coal," he said

http://money.ninemsn.com.au/article.aspx?id=8176455
 
seems to be heating up again this afternoon.. wouldnt be surprised to see some news out considering price movement and the last quiet couple of weeks..
 
wow.. what a crazy last hour... all time high will be interesting to see what happens tomorrow... dont think this could be soley coking coal price rise..
 
news out on quality up another 14% this morning...
AKM has been one direction for a fair while now... looks like a great storey but a bit worried its over valued on what could be rather than what currently is...
 
Todays announcement makes things start to get interesting.. Noble takes a stake, obviously think think this really is a possible world class mine and this releases south globi from the agreement from stopping them buying more.. could increase the action as they firm up their position ?? Noble must have been buying at 40 -60c ...

Mongolian coking coal explorer Aspire Mining Limited (ASX: AKM,
“Aspire”) said a review of its share register has revealed that Noble
Group Ltd (SGX: NOBL, “Noble”) currently holds 4.1% of Aspire’s
issued share capital.On January 14, 2011, the commodities trading house Noble confirmed
it owned a total of 22,126,766 shares in Aspire via its subsidiary
Osendo Pty Ltd, after Aspire sought confirmation of the beneficial
ownership of shares held by Osendo Pty Ltd under section 672A of the
Corporations Act 2001 (Cth).
Aspire is currently developing its 100%-owned Ovoot Coking Coal
Project (“Ovoot”) in northern Mongolia and recently announced further
positive test results in respect of the Ovoot deposit.
Aspire’s Managing Director David Paull said: “Noble is one of the
world’s largest marketers of coking coal and Aspire welcomes news of
its significant investment in the company”.“Noble is active in Mongolia and Aspire and Noble have had very
preliminary discussions about how the two companies can cooperate
in the future”.
Aspire also announced that Noble’s acquisition of 4.1% of Aspire has
resulted in a suspension of the two year standstill agreed to by
SouthGobi Resources Ltd (TSX:SGQ, SEHK:1878 “SouthGobi”) as
part of the 19.9% placement and strategic partnership agreement
entered into with SouthGobi in October last year.
The terms of that agreement restricted SouthGobi’s shareholding in
the company to 19.9%, for two years, but stipulated that these
standstill arrangements would be suspended in the event that a
“competitor” acquired 1% or more of Aspire. Those standstill
arrangements would remain in suspension whilst the “competitor”
holds voting power to more than 1% of Aspire.Aspire’s David Paull said: “Under the agreement, Noble is defined as
a competitor and SouthGobi has confirmed with Aspire that the
standstill restriction has been suspended”.
“The rest of the agreement with SouthGobi remains in place and we
look forward to continuing with our strategic alliance with SouthGobi.
The Company is now in the fortunate position of having two significant
coal companies who are both active in Mongolia on our register
 
From a few days ago ..

Noble Group Makes Further Investment in AspireAspire Mining Limited (ASX:“AKM”, “Aspire” or “the Company”) has been notified that
commodity trading house Noble Group (“Noble”) has agreed to acquire a further 18 million
shares in Aspire from Mongolian shareholders representing the vendors of Aspire’s Ovoot
Coking Coal Project. The share sale represents 3.36% of the current issued capital of the Company, which will give Noble an 8.6% undiluted interest in the Company.
Aspire welcomes the continued interest and investment in the Company by Noble.
The block of 18 million shares subject to sale by the Mongolian vendors to Noble represents just 10% of the vendors’ holdings. Aspire looks forward to continuing its good relationship with the vendors.
Aspire has received confirmation from the Mongolian vendors that they do not intend to sell additional shares at this time.



Aspire has gone from strength to strength the investment from major local mining companies gives confidence as to the size and reality of this resource.. If only I had kept my original shares and not expected a retrace at some point ..
 
AKM broken out today.. new high of around 97c looks poised to move through a $ .. its just laughing at me now for selling out ... Somethings up the way its moved up swiftly IMO probably find out next couple of days ..
 
adobee said:
http://www.aspiremininglimited.com/...328 argonaut research demanding attention.pdf
Click to expand...

Thanks for that Adobee, like you I jumped a while back and took profit, but AKM may be interesting again, with such awful trading volumes in all the stocks I hold today, AKM is bucking that significantly, so I wonder what is happening behind the scenes.

Can I lump AKM with SDL for a comparison? both have a decent bit of dirt, both are going to have to build a big railway to move it anywhere worthwhile. Both are stuck trying to get things going....AKM is lagging SDL by this measure I guess - they are not looking for constructors, they are still drilling, so more room for speculative money... not that far off it though.

30-03-2011 5-44-18 PM AKM marhc30.jpg

Looks good, new high, bit of volume, good luck.
 
Definetly broken out ...
Looking pretty bullish at the moment , jumped for $20k at 98c
 
Details out on quality of coking coal and all looks very good.. market likes it..
Next step just the ongoing growth of the resource and jorc ..
AKM officially now x13 since 6 months ago .. Possible the next RIV
 
Bloomberg has just posted a great article about Mongolia and has made mention to Aspire Mining standing to reap benefits in the future in Mongolia. Here is a link to this article:

http://noir.bloomberg.com/apps/news?pid=20601110&sid=aSkxnYYdSwkw

I am not currently a stock holder of the company - as I only just found out about it :( but after spending a good hour or two looking at it, I really like it. Im looking for a good entry between 90-100c possibly - and initially a very small investment, but overall I like it a lot. Now I need to do some research on Mongolia...
 
aaronphetamine said:
Bloomberg has just posted a great article about Mongolia and has made mention to Aspire Mining standing to reap benefits in the future in Mongolia. Here is a link to this article:

http://noir.bloomberg.com/apps/news?pid=20601110&sid=aSkxnYYdSwkw

I am not currently a stock holder of the company - as I only just found out about it :( but after spending a good hour or two looking at it, I really like it. Im looking for a good entry between 90-100c possibly - and initially a very small investment, but overall I like it a lot. Now I need to do some research on Mongolia...
Click to expand...

Original piece came out 3am, republished with a bit of update 4:49pm, so imo its factored in. Though i'd guess a fair few would have missed it.
 
Any recent thoughts on this company? Price has taken an absolute beating..
 
A trend reversal for Aspire Mining at last. AKM hasn't seen much love for a couple of years now, so this change in direction is long overdue.

Share price is up 23.08% to 1.6c so far today on heavy volume.

big.chart-AKM.gif
 
Aspire Mining continuing its trek north on high volume. Lots of accumulation going on. I'm liking the look of this one.

big.chart-AKM2month.gif
 
After consolidating around the 2c mark, Aspire Mining has continued moving north and is currently trading at 2.4c. There have been no price sensitive announcements since 4 June, so it would appear that it is just the strength of the buying pressure that is pushing it up.

big.chart-AKM.gif
 
1st of all @greggles thanks for all the time and effort you put into finding potential and interesting stocks for our viewing. I do find myself checking out many of your stock comments, so appreciated your work.

I have selected AKM in the July Stock Tipping Competition. It came up in a scan and as you know we need to put something in the stock's thread.
When I looked at the thread I was really not surprised to see a chart posted by @greggles

Since the time you posted the chart above, price has fallen back to the breakout area on lower volume.
Price has come back to test the breakout level of .021. If it can go up and hit the high of .029 before the end of the end of July's Competition it would return a good 30% return for the comp.

Cheers ... Debtfree
 
debtfree said:
1st of all @greggles thanks for all the time and effort you put into finding potential and interesting stocks for our viewing. I do find myself checking out many of your stock comments, so appreciated your work.
Click to expand...
Thanks Debtfree. I'm glad you enjoy the posts. I get some right and I get some wrong. Many I don't even know where they're going but there's something about the chart or a recent announcement that piques my interest.

There's not as much time involved as you might think. I see a chart and form a view about it and then just post away. Most posts are five minutes or less. Some posts where I look at the fundamentals take a little longer. Maybe 10 minutes, 15 max.

I wish there were more people posting on stocks because I would like to read the views of others and engage in dialogue with them about some of the stocks I post about. Unfortunately, in recent times many people seem to prefer to read rather than post and I think that's a shame. An online community should be about discussion and debate but there is not as much of that here as there used to be.

Best of luck with AKM in the July competition!
 
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