Wednesday, November 24, 2010

[cpsnewswire] [CPSI NewsWire, Tuesday-Wednesday, November 23-24, 2010]

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at or +976-99996779.

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Close: Mongolia Related ASX Listed Companies, November 24, 2010




$ +/-








 1.075  Down









 0.039  No change









 0.400  Down









 0.380  Up









 0.110  No change









 0.235  No change









 32.100  Down









 82.490  Down









 42.950  Down








An * next to the security code indicates there has been an announcement today relating to that security. Click on the * to view the announcement.




Mongolia's Rating Raised to B+ by Fitch on Economic Recovery

Nov. 24 (Bloomberg) -- Mongolia's long-term debt ratings were raised by Fitch Ratings after the nation's economy returned to growth and its foreign-exchange reserves climbed to a record.

Fitch increased the country's long-term foreign- and local- currency rankings to B+ from B, reversing a January 2009 cut, and affirmed short-term ratings at B, it said in an e-mailed statement yesterday. The ratings have a stable outlook, it said.

Growth in Mongolia's gross domestic product will be spurred by demand for its exports from China, according to the credit assessor. China, the world's second-biggest economy, grew 9.6 percent last quarter, the fastest pace of any major country.

"A solid growth outlook in Mongolia's key export market, China, supports its economic prospects in 2011 and 2012," the ratings company said in the statement. "A generous and diversified endowment of natural resources supports long-term economic prospects."

Fitch predicted Mongolia's economy will expand 7.5 percent in 2011 and 8 percent in 2012. China bought 73 percent of the goods Mongolia exported in 2009, according to the statement.

Annual output from the Oyu Tolgoi copper and gold mine may rise to $3.5 billion by 2013, equal to more than 90 percent of Mongolia's gross domestic product this year, based on current prices of the metals, according to Fitch.

Rare Earths

Link to article



Alamar Due Diligence on Mongolia Acquisition Behind Schedule

November 24 (Alamar Resources Ltd. (ASX:ALG)) ---

The Company has been working through due diligence on MRC and its assets and subsidiaries, which was due to be completed by 29 November 2010. The Board has formed the view that due diligence will not be completed by 29 November 2010. For this reason, the Company will not be in a position to send out the Notice of Meeting by 29 November which is required by the Share Purchase Agreement (SPA).

As a consequence, the Company will not be able to proceed with the SPA in its current form. It is presently negotiating with the vendors of MRC to extend the date for satisfaction of the conditions precedent to the agreement and to address each of the due diligence matters which remain outstanding.

Link to announcement




Nov 22, 2010 ( via COMTEX) -- (via

Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) is pleased to advise that the two exploration licenses held by its subsidiary company Gutain Davaa LLC (The Gutain Davaaa Project) are not affected by changes to the Mongolian Mining Legislation announced on 17th November 2010.

The two exploration licences in which Sutirem LLC, Meritus' other Mongolian subsidiary, has an interest are not affected either.

Link to article



MMC Close, November 24

November 24 (Mogi) Mongolian Mining Corporation (HK:975) --

HK:0975 Snap quote, November 24 (all in HKD except where noted. Source: ETNET):

·         Close: $8.50

·         Open: $8.38

·         High: $8.59

·         Low: $8.32

·         52w High: $9.72

·         52w Low: $7.02

·         Listing price: $7.02

·         Volume: 2.42 million shares

·         Total turnover: $20.462 Million

·         Market cap (on close): $31.085 Billion (around US$4 billion (Bloomberg November 24: US$=HK$7.7583))

Link to real-time quotes and charts of MMC (sites licensed by HKEx): ETNET, AAStocks



Eurasia Capital Research Note - Japan and Mongolia: "Rising Sun" Looks for "Bluer Sky"

November 20 (Eurasia Capital) Towards strategic partnership. Japan, Mongolia's fourth largest trading partner, is seen by the Mongolian Government as an important player for the development of the resource-rich country. In order to reduce its reliance on its two neighboring superpowers, China and Russia, Mongolia is seeking a "strategic partnership" status with the world's third largest economy.

Japan has been supporting Mongolia since the early 1990's by providing extensive financial and technical assistance worth over US$1.3bn and helping in key aspects of democracy and transition into a market economy. Currently, Japan is actively involved in assisting in developing rural areas, protecting the environment, improving infrastructure, supporting SMEs and developing institutional and human resources in Mongolia.

Link to report




Shares buoyed by Telstra

Close Australian shares have ended slightly lower, well off the day's lows after a jump in Telstra, but investors remained wary over tensions in the Korean peninsula.

The benchmark S&P/ASX200 Index was down 4.4 points, or 0.1 per cent, to 4584.7, while the broader All Ordinaries Index slipped 3.7 points, or 0.1 per cent, to 4673.2.

On a sector-by-sector basis, telecoms jumped 1.3 per cent, while materials and financials both slipped 0.1 per cent.

- The dollar recovers to around 98 US cents
- Asian shares rebound as Korea tensions ease
- Oil edges towards $US82 a barrel
- Gold hovers below $US1380 an ounce
- Dow futures are 40 points higher at 11,054

The market opened lower on negative sentiment from offshore markets, with the artillery exchange between North Korea and South Korea adding to risk-averse attitudes.

As local trading continued most stocks, with the exception of the big miners, rebounded.

BHP Billiton lost 19 cents to $42.95 and Rio Tinto shed $1.04 to $82.49. Fortescue Metals gained 5 cents to $6.45.

Newcrest Mining added 26 cents to $$39.67 as the gold price rose due to uncertainty in global markets.

''Sentiment is a funny thing and can change like the flick of a switch and this afternoon's trade may in fact be signalling the start of a new upwards leg,'' IG Markets strategist Ben Potter said.

Preliminary market turnover was 2.64 billion shares worth $6.09 billion, with 460 up, 627 down and 397 unchanged.

Link to article



<Mogi & Friends Fund A/C>

New Addition to Fund Portfolio

Mogi & Friends Fund is a tiny fund of A$21.8K I created with a few friends to put my own (and a few friends') money where my mouth (just mine) is.

Mogi: Decision was made.

Previous stock was left untouched, was off its high so decided to wait. A new company was bought for the remaining A$5.5K. Happy to report that Mogi & Friends now holds 2 stocks in its portfolio. Soon to be 3 with the addition of Haranga.

This new acquisition averages down the  total return to 16%.




"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

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Mobile: +976-99996779



Suite 906, Central Tower

Sukhbaatar District, Ulaanbaatar



CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at or +976-99996779.


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