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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,882.27
(
0.14%
)
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klimanjaro

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klimanjaro

Re: cnote420 post# 8

Monday, 04/30/2018 2:29:28 PM

Monday, April 30, 2018 2:29:28 PM

Post# of 17
ASPXF
As @stevenjd pointed out AKM had a previous market cap of $600m which was based on the sheer size of their resource and coking coal prices at all time highs which underpinned the assumption that their proposed railway line would be fully funded. Coal prices soon after were the first to be smashed in the commodity price down turn.

Since then coking coal prices have recovered substantially, China- Russia trade relations have grown exponentially and potential war conflict has been significantly reduced in the entire region.

If funding is sorted for the railway line AKM imo will be back to similar all time high valuations.
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