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 1, 2010 |
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| Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
| HUN | 1.305 | 0.025 | 1.285 | 1.310 | 1.300 | 1.330 | 1.240 | 2,585,186 |
| VOR | 0.033 | -0.007 | 0.033 | 0.035 | 0.039 | 0.039 | 0.031 | 10,450,013 |
| ALG | 0.380 | 0.000 | 0.360 | 0.450 | 0.380 | 0.380 | 0.380 | 20,000 |
| AKM | 0.410 | 0.010 | 0.405 | 0.410 | 0.400 | 0.430 | 0.370 | 2,365,707 |
| GMM | 0.120 | 0.000 | 0.115 | 0.120 | 0.000 | 0.000 | 0.000 | 0 |
| LRL | 0.255 | 0.010 | 0.255 | 0.265 | 0.250 | 0.260 | 0.250 | 612,910 |
| HAR * | |
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| XAM | |
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| LEI | 32.560 | 0.040 | 32.500 | 32.580 | 32.850 | 32.850 | 32.520 | 280,882 |
| RIO * | 86.000 | -0.420 | 85.970 | 86.120 | 86.500 | 86.700 | 85.970 | 1,999,456 |
| BHP | 44.530 | -0.060 | 44.530 | 44.570 | 44.600 | 44.800 | 44.450 | 7,040,636 |
An * next to the security code indicates there has been an announcement today relating to that security. Click on the * to view the announcement.
Source: asx.com.au
Haranga Listing Thursday, December 9 at 9am UB Time
December 6 (Mogi) Haranga Resources Limited (ASX:HAR) was admitted for official listing on December 9 by the ASX today. Trading will commence at 9am Ulaanbaatar/Perth Time.
ASX Trading is 10am-4pm Sydney Summer Time or 7am-1pm UB Time.
Haranga Resources will have 186,750,002 fully paid ordinary shares on issue with 138,350,002 of those shares to be quoted on ASX starting from the opening day. The rest will be held in escrow.
Visit Haranga Resources website for company details.
To see Haranga's ASX releases, click here.
CPS Securities was lead broker to Haranga's IPO.
Petro Matad suspends drilling of Mongolian well
Mogi: MATD shares dropped 8% on Friday after the announcement. Today, it
December 3 (Energy Business Review) Petro Matad has suspended the drilling operations at its Davsan Tolgoi-4 (DT-4) well site in Mongolia due to bad winter weather conditions.
The DT-4 well is being drilled vertically to an estimated target depth of 2,020m with the principal objective of testing a four-way fold closure that is part of a fault block prospect named Davsan Tolgoi West, that has a pre-drill potential mean un-risked resource of 21mmbo.
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The drilling rig will remain on location and is being prepared for hibernation over the winter. It is anticipated that drilling operations will recommence in early April 2011.
Currently, analysis of the results ascertained from the successful 2010 drilling program is being undertaken.
Results from the DT-1, DT-2 and DT-3 wells will enable the company to undertaken a revaluation of the published Prospective Resources of Davsan Tolgoi.
The 3D seismic survey is being both re-processed and re-mapped, and the previous risking analysis is being re-assessed.
Prophecy Resource announces pricing of CAD 30 million offering
December 6 (SteelGuru) Prophecy Resource Corporation (TSX-V:PCY) announced that it has agreed to the terms of the equity offering of common shares of the company announced on December 2nd 2010.
Pursuant to the offering, the company will issue 35,295,000 common shares at a price of CAD 0.85 per share, for total aggregate gross proceeds of CAD 30,000,750. The net proceeds of the offering are intended to be used by the company to fund work on its existing properties in Mongolia, repayment of an outstanding credit facility, and for working capital and general purposes.
Jacob Securities Inc and Renaissance Capital (Hong Kong) Limited will act as joint lead managers for the offering. The offering will be conducted in the Canadian provinces referred to above through Jacob Securities Inc.
Renaissance Capital (Hong Kong) Limited and affiliates will act as special selling agent for the purpose of procuring subscribers in certain jurisdictions outside of Canada. The syndicate of agents will offer the common shares as agents on a commercially reasonable efforts basis.
The offering is subject to all customary conditions and regulatory approvals, including that of the TSX Venture Exchange and filing of a final prospectus with Canadian securities regulatory authorities. Completion of the Offering is expected to be on or about December 17th 2010.
Xanadu Mines to list Mongolian assets on Australian Stock Exchange
Mogi: Xanadu Mines ticker will be XAM.
November 30 (Xanadu Mines) Xanadu Mines, an Australian-backed, Mongolian-focused minerals explorer and developer, has opened its Initial Public Offer (IPO) ahead of its proposed listing on the Australian Stock Exchange in late December. The IPO seeks to raise between AUD15 million and AUD21 million, valuing the company at between AUD90 and AUD100 million.
Xanadu commenced exploration in Mongolia almost six years ago and in that time has assembled a portfolio of coal and copper/gold assets strategically located in proximity to rail infrastructure and the Chinese border.
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On completion of its IPO, Xanadu's strategy will be to step up the acquisition and exploration of new coking and thermal coal opportunities. In 2011, it plans to drill out its Galshar coal to JORC code classification. The company also intends to conduct further geophysics and an extensive drilling campaign on its two advanced South East Gobi porphyry copper and gold projects at Hutag Uul and Elgen-Zos.
The offer is scheduled to close on December 8, 2010 unless brought forward, with Xanadu set to begin trading on the Australian Securities Exchange on December 21.
Link to the Company's Media Release
Meritus Intersects 11.14 g/t Gold Over 5.65 Meters at Gutain Davaa
Dec 02, 2010 (TheNewswire.ca via COMTEX) -- Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V:MER) is pleased to announce the results from five more drill holes on the Toordogiin Shil Prospect on its wholly owned Gutain Davaa project in Mongolia.
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MEC Interim 2010/Half-Year Report
December 6 (MEC) – (HKG:0276)
MMC Closes Down 18c at HK$8.49, December 6
December 6 (Mogi) Mongolian Mining Corporation (HKG:0975) --
HK:975 Snap quote, December 6 (all in HKD except where noted. Source: ETNET):
· Close: $8.49
· Open: $8.80
· High: $8.80
· Low: $8.35
· 52w High: $9.72
· 52w Low: $7.02
· Listing price: $7.02
· Volume: 1.39 million shares
· Total turnover: $11.918 Million
· Market cap (on close): $32.123 Billion (approximately US$4.138 billion (Bloomberg December 6: US$=HK$7.7625))
Link to real-time quotes and charts of MMC (sites licensed by HKEx): ETNET, AAStocks
Mongolia's Hot Currency Play
December 3 (WSJ) The hottest currency play of 2010 may have been for one of Asia's least-recognized currencies: the Mongolian tugrik. The tugrik, also known as the togrog, is up 16.7% so far this year, Robert Flint of Dow Jones Newswires reports. That makes it the best-performing currency against the dollar in 2010.
As his column notes:
"The currency is free-floating, and the capital account is open," so investors could have pocketed real returns, George Saravelos, strategist at Deutsche Bank, wrote in an email report.
But any trader who made money on the tugrik's climb would have indeed been far-sighted and even well-traveled. "I've never heard of it, never seen it traded anywhere," said Brian Dolan, chief currency strategist at Gain Capital. "I honestly think you have to go there to a bank and exchange it."
The tugrik isn't a household name, but investors in Hong Kong's stock market will certainly be familiar with the Mongolia story. The country's vast deposits of gold, copper, iron ore, coal, uranium and other mineral resources is sparking huge interest as a play off China's growth.
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Mongolia honours Major Drilling geologist
December 4 (Telegraph-Journal) MONCTON - The government of Mongolia has taken one of a Moncton's firm's employees for its own.
Symbolically, at least.
The Asian country named Major Drilling Group International Inc.'s (TSX:MDI) John Ross Davies as an honorary geologist in a ceremony late last month for his contribution to the developing country's burgeoning mining industry.
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Davies' award was approved and signed by Dashdorj Zorigt, the Mongolian minister of mineral resources and energy.
The highest recognition anyone can receive from both the Mongolian industry and the government department, the award recognizes people who have contributed to the development of the exploration industry.
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Australia
Shares flat as investors sidelined
December 6 (AAP) Close The Australian sharemarket has ended flat, trading in a narrow range for the better part of the day as investors struggled to find impulses.
The benchmark S&P/ASX200 index slipped 5.6 points, or 0.1 per cent, to 4688.6, down from its high of 4706.8 points reached in opening trade. The broader All Ordinaries index lost 0.7 points to 4779.4.
Gold outshone the other sectors, rising 0.8 per cent, while materials gained 0.2 per cent and financials fell 0.5 per cent.
need2know:
- A$ slips back below 99 US cents
- Asian shares inch up on Fed comments
- Oil hits 26-month high above $US89
- Gold hovers above $US1410 an ounce
- Dow futures are flat at 11,358
"Traders essentially viewed the disappointing jobs number on Friday in the US as building another case for more stimulus measures," said CMC Markets analyst David Taylor. "The Federal Reserve has indicated they may go into bat again, and the market looks like it wants more."
Coal producer Riversdale Mining was one of the stand-outs, rising $2.21 or 15.7 per cent, at $16.31 after confirming it was the target of a $3.5 billion takeover bid from Rio Tinto.
Despite the strength in the resources sector, which was up 0.4 per cent, Rio Tinto finished down 42 cents at $86.00, while BHP Billiton was down 6 cents, at $44.53.
Gold producer Newcrest Mining closed up nearly 1 per cent, at $41.09 as the gold price went above $US1400 per ounce. Newcrest also announced it had suspended operations at its Bonikro mine in Cote d'Ivoire, following contested elections in the West African country.
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The top-traded stock by volume was Impress Energy, with 185.6 million shares worth $15.8 million changing hands. Impress shares ended 0.7 cents higher at 8.5 cents.
Preliminary national turnover was 2.46 billion shares worth $4.01 billion, with 607 stocks up, 507 down and 371 unchanged.
China
China finds 30,000 T uranium deposit -State TV
Dec 4 (Reuters) - BEIJING Dec 4 (Reuters) - China has found a major uranium deposit in Inner Mongolia holding an estimated 30,000 tonnes of the metal, state television reported on Saturday.
The discovery in China's mineral-rich Ordos region will help ensure the domestic supply of uranium for its expanding nuclear industry in coming decades, Zhang Jindai, chief geologist with China National Nuclear Corp, was quoted as saying by China's central television.
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Misc
Cosmo Sets Sights on Mongolia
December 5 (NYT) Coming to a newsstand most likely not near you: Cosmo Mongolia.
Cosmopolitan, which has been helping women all over the world unlock the secrets to better sex, tighter tushes and the enigmatic male psyche for four decades, will begin to sell a Mongolia edition this week.
Copies will cost 7,000 Mongolian tugriks an issue, or $6.50.
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Mongolia Expat Adventure Travel Brand Re-Launched
Dec. 3 (2point6billion.com)– The Mongolia Expat adventure travel website and magazine has been re-launched after a three year hiatus. Originally produced by Chris Devonshire-Ellis from 2006 to 2008, it has been "in animated suspension" for the past three years as Chris concentrated on developing his business in India.
The magazine was the largest circulated English language publication in Mongolia in 2008, while its accompanying travel guide "Ulaan Baatar & The Mongolian Countryside" at one point was outselling the Lonely Planet equivalent by a ratio of 4:1.
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<Mogi & Friends Fund A/C>
Haranga to save the day
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: #1 is down, #2 is above waters finally, #3 to the rescue.
My first investment is again going down from its high, just above +10%.
My #2 is finally above red with just over +1%.
This brings my total return to at a little over 5%.
Now, my #3, which will list this Thursday, and is almost half of the $21K, will be my savior.
Mogi
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"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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