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, May 6, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.054 | -0.001 | 0.054 | 0.055 | 0.053 | 0.056 | 0.053 | 2,857,205 | |
1.530 | 0.000 | 1.515 | 1.565 | 1.500 | 1.550 | 1.485 | 627,378 | |
0.390 | -0.010 | 0.390 | 0.395 | 0.400 | 0.400 | 0.390 | 114,335 | |
0.715 | -0.040 | 0.715 | 0.730 | 0.720 | 0.735 | 0.695 | 1,733,877 | |
0.500 | -0.045 | 0.500 | 0.540 | 0.500 | 0.500 | 0.500 | 20,000 | |
0.018 | 0.001 | 0.016 | 0.018 | 0.017 | 0.018 | 0.017 | 2,045,313 | |
0.007 | 0.000 | 0.005 | 0.008 | 0.000 | 0.000 | 0.000 | 0 | |
0.053 | 0.001 | 0.052 | 0.054 | 0.050 | 0.053 | 0.049 | 2,286,080 | |
0.170 | -0.005 | 0.170 | 0.180 | 0.175 | 0.175 | 0.165 | 340,440 | |
1.100 | 0.000 | 1.090 | 1.125 | 1.100 | 1.125 | 1.070 | 1,194,462 | |
0.265 | 0.000 | 0.260 | 0.270 | 0.265 | 0.265 | 0.265 | 317,211 | |
0.520 | 0.020 | 0.510 | 0.520 | 0.500 | 0.525 | 0.490 | 824,395 | |
23.500 | -0.240 | 23.470 | 23.650 | 23.400 | 23.730 | 23.020 | 1,106,952 | |
79.570 | -1.520 | 79.550 | 79.690 | 79.000 | 79.980 | 78.880 | 5,264,470 | |
44.580 | -0.860 | 44.550 | 44.590 | 44.380 | 44.810 | 44.240 | 15,228,307 | |
Source: asx.com.au
Manas Petroleum Corporation Announces Completion of Public Offering and TSX-V Listing
BAAR, SWITZERLAND--(Marketwire - May 6, 2011) - Manas Petroleum Corporation (TSX VENTURE:MNP)(TSX VENTURE:MNP.WT)(OTCBB:MNAP) ("Manas" or the "Company") is pleased to announce the completion this morning of a public offering (the "Offering") of units (the "Units") pursuant to a long form prospectus filed in all of the Provinces of Canada except Quebec and a registration statement filed with the Securities and Exchange Commission on Form S-1 in the United States. In the Offering, Manas sold a total of 44,450,500 Units at a price of U.S.$0.50 per Unit for aggregate gross proceeds of U.S.$22,225,250. Each Unit consisted of one share of common stock in the capital of the Company and one common share purchase warrant (each a "Warrant") and each Warrant entitles the purchaser to purchase one additional common share until May 6, 2014 at a purchase price of U.S.$0.70 per share.
Raymond James Ltd. acted as agent in the Offering. As consideration for its assistance, Manas paid to Raymond James a cash commission equal to 6.75% of the gross proceeds of the Offering and reimbursed Raymond James for expenses. In addition, Manas issued to Raymond James agents' warrants that entitle Raymond James to purchase up to 1,333,515 shares of the Company's common stock at a purchase price of U.S.$0.60 until May 6, 2013.
The Company is also pleased to announce that, concurrently with the completion of the Offering, it has been listed as a Tier 2 Oil and Gas issuer on the TSX Venture Exchange. Shares of Manas common stock will trade on the TSX Venture Exchange under the symbol "MNP" and the Warrants issued in the Offering will trade on the TSX Venture Exchange under the symbol "MNP.WT". Manas will retain its current listing on the OTC Bulletin Board but the Warrants will trade only on the TSX Venture Exchange.
Currency swap deal with China to stabilize Mongolia's tugrik: official
ULAN BATOR, May 6 (Xinhua) -- Mongolia's central banker said Friday that a currency swap deal with China would help stabilize Mongolia's currency tugrik against the yuan.
The 5-billion-yuan (about 769 million U.S. dollars) deal, signed by presidents of the two countries' central banks, will last three years and is extendable by mutual consent, the People's Bank of China said in a statement.
L. Purevdorj, president of Mongol Bank, the country's central bank, said at the signing ceremony Friday that the deal would help stabilize the tugrik against the yuan by allowing the yuan into Mongolia's foreign market in emergency situations.
Chinese central banker Zhou Xiaochuan said the deal would contribute to the financial stability in both countries and promote bilateral trade and investment.
Chinese yuan is currently the second actively traded currency in Mongolia's foreign exchange market, Purevdorj said, adding that Mongolia has a strong demand for the yuan as bilateral ties in trade, economy and investment become closer.
Related:
China signs currency swap deal with Mongolia
BEIJING, May 6 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, said Friday that it has signed a 5-billion-yuan (about 769 million U.S. dollars) currency swap agreement with the Central Bank of the People's Republic of Mongolia.
The agreement will last for three years and is extendable by mutual consent, according to a statement posted on the PBOC's website.
The swap is aimed at promoting bilateral trade and offering short-term liquidity to the two countries' financial systems, it said.
Since the onset of the world financial crisis in late 2008, China has signed currency swap agreements with 11 countries and regions with a combined value of 834.2 billion yuan.
Analysts said the moves will be of great significance in promoting cross-border trade settlements and investment using the yuan, China's currency.
Related:
MONGOL BANK ESTABLISHES SWAP AGREEMENT WITH PBC – Montsame, May 6
Zuun Tsankhi has 795 million tons of coal reserve
May 6 (business-mongolia.com) The Executive Director of Erdenes MGL LLC, B.Enebish, has said that the Mineral Resources Council has confirmed Zuun Tsankhi has 795 million tons of coal. Preparation work on the surface was begun in June, 2010, and exploitation work is now ready to begin. Enebish also said that the company hopes to initially export 10 million tons of coal a year from Zuun Tsankhi. Construction of a coal washing and processing factory would begin this year and it would be operational in 2013.
MPs want Minister Zorigt to be dismissed
May 6 (news.mn) MPs G.Bayarsaikhan, D.Gankhuyag and S.Erdene yesterday submitted to Speaker D.Demberel a seven-point note to demand the dismissal of Minister for Mineral Resources and Energy D.Zorigt. Their principal charge relates to Zorigt's failure to implement the 57th protocol of Parliament, which wanted Mongolia to retain 50% ownership of the Oyutolgoi deposit. The agreement with the investor does give Mongolia 50% ownership, but only after 30 years of operation.
They also charge the Minister with inaction in starting work on the 5th power plant even after Parliament decided in 2008 to build it. Not having new plant has added to the air pollution in Ulaanbaatar. The Minister is also blamed for talking no action on improving mine safety in Nalaikh, leading to 46 deaths in recent times. They also fault Zorigt for the delay in taking decisions on Tavantolgoi.
According to law, the relevant Standing Committee should discuss the demand and submit its opinion to Parliament within a week. Parliament should reach a decision within another week from then.
E.Bat-Uul thinks a mixed election system will be followed
May 6 (news.mn) MP E.Bat-Uul answers our journalist's questions on recent developments related to the election law.
What did the Standing Committee on State Structure have to say when it discussed the draft law on election?
My impression is that both the DP and the MPP favor a mixed system. The present system of election through majority in every constituency has to be changed but oligarchs do not really want new political forces to be in Parliament.
How many electoral districts will there be?
The working group favored having 26 members directly elected, and 50 more to be chosen by the proportional method. However, these 50 cannot come through a purely proportional method, as the Constitution indicates that individuals, and not political parties, would be elected. So it could be 50:26 or 38:38.
Does this mean we would not vote for political parties?
We shall vote for their nominees as offered in a list.
Why should we have fewer members directly elected?
The smaller parties feel the proportional system will help them more and so want fewer members to win by direct majority voting.
Where will independent candidates stand in this mixed structure?
They cannot be elected from the proportional constituencies as voting will be nationwide for these.
What about the women's quota if the proportional system is adopted?
The parties will have to name women candidates in their list.
You favor two chambers in Parliament. Will we see this in the 2012 election?
I personally am absolutely convinced of the need for this, but a decision has to be taken only after careful discussion and study which will take time. We must also see what people think about it. Everything has to be done under the Constitution. I don't think there will be any change before the next election because political parties are more interested in the draft law than in the number of chambers of parliament.
What are the advantages of Parliament having two chambers?
Adoption of state policy and legislation can be kept separate. The job of legislating should be with the lower chamber, while the upper one should be responsible for governance, including appointments of Supreme Court members and other senior officials who actually manage the country's affairs.
Saikhansambuu asked to explain bribery statement
May 6 (news.mn) The Investigation Department of the Anti Corruption Authority (ACA) called MP Sh.Saikhansambuu on April 27 to meet them and explain what he had meant by saying in a newspaper interview that he had given bribes to officials, including MPs. The ACA thinks the statement can lead to initiation of criminal proceedings against him for offering bribes to State officials, either personally or through someone else. Saikhansambuu has said he will make a statement only after receiving an official request from the ACA.
Prophecy Resource Corp. Appoints New Chief Financial Officer
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2011) -Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce the appointment of David Jan as the Company's Chief Financial Officer. Mr. Jan is a Chartered Accountant (CA) and joins Prophecy from Western Coal Corp., where he held the position of Head of Investor Relations prior to its merger with Walter Energy Inc. In that role he significantly contributed in increasing Western Coal's profile as it grew from a $50 million market capitalization junior coal mining company to a $3.3 billion global coal mining company. Over the past 20 years Mr. Jan has also held progressively senior financial positions in other natural resource companies.
"We are pleased to have David join the Prophecy management team," said John Lee, Prophecy's Chairman and Chief Executive Officer. "His coal background is an excellent fit for the company. David's expertise in capital markets in Europe and North America rounds out Prophecy's skilled management set well."
With Mr. Jan's appointment, Ms. Irina Plavutska, formerly the company's Interim Chief Financial Officer, has been appointed Corporate Controller of the company. In this new role, Ms. Plavutska will continue with her excellent work as a key member of the management team.
Fuel price rise reduced by MNT30
May 6 (news.mn) Petroleum importers increased fuel prices by MNT80 per liter from May 1 but the Ministry of Mineral Resources and Energy did not support this as Russia had said its restrictions on petroleum export would not apply to Mongolia and as Rosnefti would continue to sell fuel at existing rates. The Ministry called representatives of oil importing companies to a meeting yesterday and said their licenses would be canceled. They then agreed to reduce the increase.
The President of the Confederation of Trade Unions, S.Ganbaatar, later told journalists that Magnaitrade, Petrovis, Shunkhlai and Sod Mongol had agreed to reduce prices by MNT30 per liter, while Just Oil would cancel the entire increase of MNT80.
Miami To Mongolia – Move One Delivers Pan-Global Food Supply
Move One has successfully handled another time- and temperature-sensitive consignment of fresh foods for the massive Oyu Tolgoi mining project.
May 6 (LogisticsWeek) The Oyu Tolgoi mine in Mongolia is one of the largest natural resource projects in the entire world, with thousands of personnel on-site at all times. The value of the project is only matched by the extreme remoteness of the site, meaning that essential supplies need to be shipped in using special equipment. Move One's experience in handling delicate and hazardous cargoes has made it an ideal partner to keep the enormous development site supplied and in peak condition.
The shipment was delivered all the way from suppliers in Miami, Florida, directly to the major catering contractor in Ulaanbaatar, using temperature controlled containers and storage facilities. Speaking on the technically complex supply project, Move One's Country Manager for Mongolia, Noah Glassco, commented "Delivering temperature-sensitive cargo over such distances requires a great deal of expertise and planning. This is doubly true when delivering to those parts of the world with weaker transport infrastructure. Move One has yet again shown that it has the skills and the systems necessary to handle such shipments, whether it is refrigerated airfreight to Mongolia or sensitive cargo to anywhere in the world."
After years of providing freight forwarding services in Mongolia, Move One has recently opened a brand new dedicated office in the capital of Ulaanbaatar to centralize its services in the country. With the new office and another to follow shortly in Oyu Tolgoi, Move One is actively involved in the country's industrial development, using all resources at its disposal to assist with freight forwarding and logistics services.
<Mogi & Friends Fund A/C>
-16% QtD, +47.5% Historic
Mogi & Friends Fund is a tiny fund of A$20.8K I created in late September with a few friends to put my own (and a few friends') money where my mouth (just mine) is.
…
Mogi
---
"Mogi" Munkhdul Badral
Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
P Please consider the environment before printing a copy of this email.
Central Tower · 12th Floor · Left Wing · 2 Sukhbaatar Square
Sukhbaatar District 8 · Ulaanbaatar 14200 · 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.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
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