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 mogi@cpsinternational.mn or +976-99996779.
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Close: Mongolia Related ASX Listed Companies, December 23, 2010 | | |||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
1.170 | 0.000 | 1.170 | 1.195 | 1.175 | 1.190 | 1.155 | 2,224,236 | |
0.039 | -0.001 | 0.039 | 0.040 | 0.040 | 0.041 | 0.039 | 2,728,641 | |
0.360 | 0.000 | 0.310 | 0.360 | 0.000 | 0.000 | 0.000 | 0 | |
0.485 | 0.005 | 0.480 | 0.485 | 0.485 | 0.490 | 0.480 | 325,401 | |
0.150 | 0.000 | 0.130 | 0.140 | 0.000 | 0.000 | 0.000 | 0 | |
0.270 | 0.000 | 0.270 | 0.275 | 0.270 | 0.270 | 0.270 | 39,281 | |
0.555 | 0.030 | 0.525 | 0.555 | 0.520 | 0.555 | 0.500 | 1,803,047 | |
0.595 | -0.005 | 0.555 | 0.595 | 0.600 | 0.605 | 0.580 | 2,416,640 | |
31.150 | -0.370 | 31.120 | 31.180 | 31.520 | 31.600 | 31.090 | 1,000,266 | |
87.200 | 0.420 | 87.100 | 87.510 | 86.630 | 87.730 | 86.630 | 1,735,063 | |
46.470 | 0.650 | 46.450 | 46.470 | 45.960 | 46.590 | 45.850 | 8,766,912 | |
Source: asx.com.au
Voyager has commenced drilling at the Khongor Copper Gold project in Mongolia
December 20 (Fortbridge) Voyager Resources Limited (ASX:VOR) announces that it has commenced diamond core drilling at its 100% owned Khongor Copper Gold Porphyry Project located in the World Class Oyu Tolgoi Copper Belt of the South Gobi Province of Mongolia.
The initial programme is designed to delineate the geometry and nature of high grade copper gold mineralisation previously intersected in surface sampling and to further test the identified Inducted Polarisation.
Disclosures:
· CPS Securities employees hold shares and options in VOR.
· CPS Securities recently received fees for managing VOR’s placement and placing stock to clients in VOR.
Hunnu Coal IPO OF THE YEAR Article on RESOURCESTOCKS Magazine
Mogi: Below is the article on RESOURCESTOCKS Magazine November/December 2010 Issue regarding Hunnu Coal’s (ASX:HUN) Best IPO 2010 Award.
PERTH-BASED HUNNU Coal listed on the Australian Securities Exchange on February 12, 2010, as a specialist coal company with a clearcut strategy.
That was to discover and develop thermal and hard coking coal deposits located near established mining operations or defined deposits and supported by existing or developing infrastructure.
There was nothing unusual about that strategy except Hunnu had chosen to focus its exploration activities on Mongolia.
The company, led by industry luminary Matthew Wood, displayed great foresight in targeting Mongolia, which it rightly considered to host a number of world-class coal deposits with vast areas yet to be explored let alone developed.
"This is what is so exciting for Hunnu," Wood told RESOURCESTOCKS earlier this year.
"We have been able in a very short timeframe to position the company through a number of joint venture agreements in the premier coking coal basins of southern and eastern Mongolia, with a focus on infrastructure and access to Chinese coal markets."
The company's mantra quickly grew bolder, reflected in its June quarterly report which stated its aims to become "a major force in the exploration and development of coking and thermal coal deposits in the world-class South Gobi and Middle Gobi coal provinces".
To this end Hunnu has set itself a four-year timetable in which to develop three coal mines within Mongolia.
These plans are well underway with trial mining having commenced at the Unst Khudag coal mine, in which Hunnu holds a 60% interest.
The open cut mining will be assessed for modelling a larger upscaled open cut mine while the mined coal will undergo bulk testwork for potential offtake customers, a number of which Hunnu is already in advanced discussions with.
Other recent acquisitions include a 60% interest in the Buyan coking coal project located within the Tavan Tolgoi coking coal field and 5 kilometres from operating coal mines currently exporting to China.
Hunnu has also acquired a 90% interest in the Tsant Uul coking coal project and 60% of the Tsohio coal project, located approximately 40km south of the company's Khuree-2 coal project in the Umnugobi province of Mongolia.
Doray Minerals hit the boards of the ASX four days prior to Hunnu Coal and also wasted no time in establishing itself as an emerging force in its particular sector.
Doray's transition from exploration hopeful to potential producer came early in the form of some substantial gold hits from the first four holes of its maiden drilling program at its Andy Well prospect (Doray 80%), located within the Meekatharra North project in the Murchison region of Western Australia.
This resulted in the company share price soaring to almost quadruple where it has constantly maintained its value since.
Subsequent drilling carried out at Andy Well has extended the Wilber Lode with two step-out diamond drillholes hitting visible gold mineralisation in quartz lode at vertical depths of approximately 162m and 176m.
"These intersections are highly significant and provide us with added confidence that the Wilber Lode could potentially be a significant highgrade underground resource," Doray minerals managing director Allan Kelly said recently.
Apollo Gas made a distinguished entry when listing on the ASX by debuting at double its issue price.
After an initial offer price of 20c per share, the Sydney-based company opened at 36c and touched a high of 45c before settling lower at 40c.
Apollo listed on the back of 100% of seven exploration licences covering about 23,600 square kilometres in the Sydney-Gunnedah Basin, where it has successfully flowed gas during drill stem testing of its Cuan-l well in PEL 456.
The company also snapped up two geothermal licences that will allow it to assess the potential for a renewable energy resource in the Sydney-Gunnedah Basin.
Link to RESOURCESTOCKS Website
Disclosures:
· This article is being distributed with RESOURCESTOCKS’s proper approval.
· Please refer to the Hunnu’s Prospectus for further details.
· CPS was lead broker to HUN recent placement and received a management fee of 1% for this role, in addition CPS received a 3% fee on funds raised with clients.
· CPS was lead broker to HUN IPO and received a management fee of 1% for this role, in addition CPS received a 5% fee on funds raised with clients.
· CPS Directors and its Employees have received options in HUN to provide ongoing corporate advice to HUN.
· CPS Directors and its Employees own shares in HUN. Jason Peterson, a CPS Director, personally holds approx.. 7.5m shares.
Xanadu Mines in solid ASX debut
Mogi: Xanadu Mines (ASX:XAM) closed 0.5c lower from the A$0.60 offer price today at 59.5c.
Perth, December 21 (AAP) Mongolia-focused coal, copper and gold explorer Xanadu Mines Ltd has made a positive debut on the Australian Securities Exchange.
Shares in Xanadu were up 2.5 cents, or 4.17 per cent, at 62.5 cents at 1453 AEDT after reaching a high of 72 cents in earlier trade.
Its initial public offer (IPO) was significantly oversubscribed and raised $24 million through the issue of 40 million shares at 60 cents a share.
The company's share register includes Queensland-based resources investment firm Talbot Group Holdings and Straits Asia Resources, a Singapore-listed coal miner.
Xanadu has been operating in Mongolia for six years and has established a 327 million tonne (Mt) resource at its Khar Tavarga project and a 175 Mt-225Mt exploration target at its Galshar coal project.
Xanadu's IPO follows the recent stellar performances of other Australian-based, Mongolia-focused explorers Aspire Mining Ltd and Hunnu Coal Ltd.
Xanadu chairman Brian Thornton said in the company's prospectus that 2010 had been a watershed year for Mongolia with the signing of a 30-year investment agreement between Rio Tinto Ltd, Canada's Ivanhoe Mines Ltd and the Mongolian government to develop the massive Oyu Tolgoi copper-gold project.
SouthGobi Resources Closes Strategic Investment in Aspire Mining Limited
HONG KONG, CHINA--(Marketwire - Dec. 23, 2010) - SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878), announced today that it has completed the private placement with Aspire Mining Limited ("Aspire") (ASX:AKM) announced on October 26, 2010. Pursuant to the private placement, SouthGobi has acquired 105,860,186 common shares of Aspire at a price of A$0.19 per share, for an aggregate purchase price of approximately A$20.1 million.
After giving effect to the transaction, SouthGobi holds approximately 19.9% of Aspire. SouthGobi will have the right to nominate one director to the Board of Aspire and the right to maintain its proportionate shareholding in Aspire for a period of two years.
…
Aspire Mining: Completion of Placement and Board Appointment
December 23 (Aspire Mining) Aspire Mining Limited (ASX:AKM, “Aspire”) is pleased to announce the completion of the placement of 102,860,186 ordinary shares at $0.19 per share to SouthGobi Resources Limited (TSX:SGQ, “SouthGobi”).
…
Mr Tony Pearson, SouthGobi’s Vice President of Corporate Development, joined the Aspire board of Directors today. He has previously held senior positions with the Austrlaian Securities & Investments Commission, Citigroup’s Metals and Mining Investment Banking team and Westpac Banking Corporation.
…
"When issued" Trading in Ivanhoe Mines rights Begins December 23, 2010, in Advance of Planned Start of Regular Rights Trading in Early January 2011
TORONTO, ONTARIO--(Marketwire - Dec. 22, 2010) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) announced today that rights to be issued under the company's previously announced rights offering will begin trading on a "when issued" basis on Thursday, December 23, 2010, on the Toronto Stock Exchange (TSX) under the symbol "IVN.RT," on the New York Stock Exchange (NYSE) under the symbol "IVN RT WI" and on the NASDAQ Stock Market under the symbol "IVN.Z."
…
India, Mongolia hold joint military exercises
New Delhi, December 21 (The Hindu) The troops of India and Mongolia engaged in joint exercises, with the latest two-week drill in counter-insurgency ending in Belgaum on Sunday.
Nearly 30 officers and personnel of the Mongolian armed forces participated in the workout called “Nomadic Elephant” along with 50 officers and personnel of the Indian Army in counter-terrorism environment.
The current engagement tapered and ended around the time the Chinese Premier Wen Jiabao was in India and Pakistan.
STEADY GROWTH
Defence cooperation and relations between the militaries of the two countries has seen a steady growth over the last decade with the first joint exercise in 2004. For the last few years, the joint drills are being held every year.
…
ADB, Japan Help Mongolia Improve Financial Services, Education For Poor
December 22 (The FINANCIAL) -- A $2.5 million grant from the Asian Development Bank (ADB) will help Mongolia overhaul its savings and credit cooperative market and provide basic financial education nationwide, particularly for poor households.
The grant is from Japan's Special Fund, financed by the Government of Japan and administered by ADB. The Financial Regulatory Commission is the executing agency for the project which will be carried out over 3 years.
“This support will help strengthen the regulation and supervision of savings and credit cooperatives. The project will also improve financial literacy in poor households through an innovative television drama series.” said Betty Wilkinson, Senior Finance Specialist (Microfinance) in ADB’s East Asia Department.
"Mongolia is now passing a new law requiring savings and credit cooperatives to be licensed and regulated according to the latest international best practice. Following passage of the law, the grant will support the Financial Regulatory Commission to carry out on-site inspections and field reviews of savings and credit cooperative activities, provide training for staff, and introduce a comprehensive evaluation system for measuring results. The grant will help improve public understanding and confidence in the industry, which provides services in both urban and in rural areas," ADB said.
To raise public understanding about basic finance, key messages about savings and managing money will be communicated through a six-part pilot drama series on Mongolian television. If the public response is positive, more episodes will be broadcast, with an accompanying phone text-in service that will incorporate small incentive payments for answers to financial questions. This will allow viewing rates, and the effectiveness of the messages, to be gauged.
“The Financial Regulatory Commission and the Ministry of Finance have agreed to continue to fund the television series if the programs have a positive impact on household financial literacy and behavior,” said Ms. Wilkinson.
Mongolia to Have Nuclear Power Plant by 2020: Official
December 23 (Xinhua) Mongolia plans to build its first nuclear power plant around 2020, officials said Wednesday.
Bayarbayasgalan, head of the Nuclear Materials department of the Mongolian Nuclear Energy Agency, told the government-run news agency "Montsame" that about 20 companies, most of which are international, are now exploring for uranium in Mongolian territory, Bayarbayasgalan said.
He said the government wants to put the country's uranium resources into economic use.
Uranium will be processed in Mongolia and some will be used as raw material for a local nuclear power plant. Some uranium will be exported.
…
Mongolia is rich in uranium resources. According to the International Atomic Energy Agency (IAEA), Mongolia ranks 16th in the world in reserves of uranium resources and 6th in the Asian continent following Kazakhstan, Uzbekistan, China, and India. However, currently more than 80 percent of the energy in Mongolia is still generated from coal.
China, Mongolia pledge to enhance military ties
December 22 (Xinhua) Chinese National Defense Minister Liang Guanglie and Tserendejid Byambajav, the visiting chief of general staff of the Mongolian armed forces, met in Beijing Tuesday and pledged to enhance bilateral military cooperation.
Liang highlighted the recent developments of the bilateral cooperation between the two economies, hailing the continuous growth of political and military mutual trust.
The growth of bilateral cooperation not only serves the interests of the two peoples but is also conducive to regional peace and stability, Liang said.
…
China-Mongolia trade rose to 2.44 billion U.S. dollars in 2008 from 243 million dollars in 1998. After experiencing a decline in 2009 due to the global financial crisis, trade is picking up again this year.
<Mogi & Friends Fund A/C>
83.96%
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.
Haranga rose today to 55.5c. Helped push the fund up slightly.
Mogi
Disclosures
· I personally and through my “Mogi & Friends Fund” hold 75,000 HAR shares in aggregate.
· Jason Peterson, CPS Securities Director, holds shares (approx. 6,500,000) and options (1,000,000) in HAR.
· CPS holds 500,000 options in HAR for corporate advice provided to HAR – Jason Peterson is a 33% shareholder in CPS.
· CPS and CPSI directors and employees hold shares in HAR and may buy and sell these shares as and when they see fit.
· Jason Peterson is a non-executive director of HAR but not involved in the day to day running of HAR.
· CPS has received an IPO management fee of $250,000 and a 5% fee for any funds placed to its clients under the prospectus.
· HAR has paid for Jason Peterson’s travel and accommodation expenses to and in Mongolia – this must be disclosed as a soft dollar commission.
· Please refer to the prospectus for further disclosures.
---
"Mogi" Munkhdul Badral
Executive Director
CPS International LLC
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
Suite 906, Central Tower
Sukhbaatar District, Ulaanbaatar
Mongolia
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 mogi@cpsinternational.mn or +976-99996779.
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