Friday, April 23, 2010

Mogi's April 22, 2010 Morning News

Khan Resources' Mongolian issues to not hurt buyout

April 21 (Reuters) - Khan Resources Inc (
KRI.TO) said the Mongolian
Nuclear Energy Agency's (NEA) move to invalidate the mining license of
its units would not affect its buyout, and that it challenged the
decision in court, sending its shares up as much as 23 percent.
Full Article

Khan Files Formal Claim in Mongolian Administrative Court, Requests Prime Minister's Assistance and Provides Update on the CNNC Offer

TORONTO, ONTARIO--(Marketwire - April 21, 2010)

Gulfside Minerals Buys 2 Mongolia Mining Licenses

April 19, 2010 (FinancialWire) -- Gulfside Minerals Ltd., (TSX Venture: GMG) said it has signed final earn-in agreements with two private Mongolian companies to acquire 100% interest in two mining exploration licenses which are located to the north and north east of its Black Hole and Onjuul projects and around 170 km south west of Ulaanbaatar in Mongolia.

According to Gulfside, the two additional licenses add 10,319 hectares acres to the company's holdings, which increases the size from 2,156 ha to 12,475 ha.

The $0.64 Company Sitting on $49 Billion Worth of Oil

April 21 ( ...

But there is one tiny company that most people have never heard of that is sitting on 638 million barrels of oil.

My readers have already made 129% gains from this company in the past three months. And this massive profit run is just getting started...

This company is one of — if not the — cheapest stock I've ever found. But the word is starting to leak on this company, and its stock is only going to go up.

Right now the market value of this company is $80 million U.S.... But the value of its 638 million barrels, at $80 a barrel, equals $51 billion!

(Mogi's Note: It looks like it's Petro Matad, MATD grew 125% YTD)

(Mogi: interesting article on the inevitable fossil fuel shortage and the need for renewable energy, and how to profit from green chip stocks:

China to increase cashmere output with cloned fur-rich goats

HOHHOT, April 21 (Xinhua) -- Chinese livestock experts have cloned a group of goats engineered with the gene that produces rich fine-haired cashmere.

Russia, CIS Economies Will Recover at ‘Moderate Pace,’ IMF Says

April 21 (Bloomberg) --

... The Washington-based lender predicted a gain of 4 percent for the economies of Mongolia, Georgia and the Commonwealth of Independent States, a grouping of post- Soviet nations.

China's economy to grow by 10% in 2010: IMF

WASHINGTON, April 21 (Xinhua) -- Powered by strong domestic demand, China's economy is expected to grow by 10 percent in 2010, said the International Monetary Fund (IMF) on Wednesday.

ADB Helps Mongolia Prepare for Urban Growth Ahead of Influx in Southeast Gobi

April 21 (The FINANCIAL) -- The Asian Development Bank (ADB) is providing $15 million in grant to help Mongolia improve urban infrastructure and services in the booming mining and border towns in Southeast Gobi.

Peabody's 1Q earnings expected to fall

April 21 (AP) ...

Boroo Gold paid MNT 190 billion in tax

April 22 ( Mining at Boroo Gold’s mine at Zuun Kharaa is expected to be over in about six months unless the company is allowed by the Minerals and Energy Ministry to extract gold from sand. The company has succeeded in producing 1.2 tons of gold this way in an experiment using a different technology and estimates a further nine tons can be produced.

DPRK Govt Gives Banquet for Mongolian FM

Pyongyang, April 20 (KCNA) -- A banquet was given by the DPRK government in honor of Gombojab Zandanshatar, minister of Foreign Affairs and Trade of Mongolia, on a visit to the DPRK at the Mansudae Assembly Hall on Tuesday.

Bad boy of sumo finds new passion in flowers

TOKYO, April 21 (AFP) — Japan's bad boy of sumo, the recently-retired grand champion Asashoryu, has found an unlikely new passion: flowers and gardening.

New Museum Opens In Chinggis Monument

April 20 (UB Post) On April 15, 2010, Museum of Bronze Ages with about 1000 historical valuable heritage was opened in the Monumental Complex of Chinggis Khaan.

Genghis Khan 'Returns' To Unite Mongolia (VIDEO)

April 21 ( Genghis Khan, the ferocious warlord who conquered most of the known world, helped unify Mongolia back in the 13th century.

Now Khan is 'back' in Mongolia, however this time to unify a young democracy getting over decades of communism and overshadowed by two powerful neighbors.

GlobalPost has a report that shows Khan is being used to help bolster Mongolia's fragile national identity.

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