AMN has formed a JV with an experienced logistics operator which will allow it to control its logistics chain, maximise and protect it from contracting risks. AMN is hoping to maximise the employment of local and indigenous people in the haulage operation and to facilitate this will be establishing training centres in local communities. The State and Federal government have committed to providing funds for the upgrade of the Tanami Road, and AMN has submitted an application for a concessional debt financing package for the 346km haul road that links the project with the Tanami Road. We maintain our SPEC BUY recommendation and $0.94 price target.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.