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AKM - Aspire Mining

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Warning: A highly speculative speculation on a spec stock.





Note: Mongolia is in lockdown (until Dec 1st) in response to community transmission of the coronavirus.
 
4w Avg Turnover$7,913

Very illiquid stock, doubled to $13169 of Friday. Volume was about double prior to Covid-19 hitting.

Price action would improve volume for a while.
 
peter2 said:
For monitoring purposes.

View attachment 146906
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This has always been a strange, trading around cash backing for years. 4.5 billion Pre-Tax NPV @ spot prices, who knows what that IRR would be? 100%?

Always a little scared of investing in a company which has a shareholder who owns such as massive portion. In general, it should be a good thing, but on the ASX it seems to be a bad thing.

 
AKM- My aspire for Aspire Mining

iT is like Australia post in electronic era - sluggish, low volume and slow moving. So I can be relaxed hopefully.



 
the riddle continues

.
Aspire refers to your Price Query letter dated Tuesday, 18 June 2024 and provides the following responses:
1. The Company is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities.
2. The Company has no other explanation as to why there has been a price change in the trading of the Company’s securities.
3. The Company confirms that it is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
.
from corp presentation late May, still doing what they do.
Market cap now close to $200M
 
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