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.
Wish to subscribe or unsubscribe? Let me know.
TVN Corporation focusing on Mongolian coal, in pre-open pending 'material corporate transaction'
July 5 (Proactive Investors Australia) Mongolian focused coal explorer TVN Corporation (ASX: TVN) has been granted a trading halt by the ASX pending a 'material corporate transaction', with the company's shares placed in pre-open.
TVN Corporation has not yet provided the market with any further details on the transaction, but investors recently have been re-rating the stock - evidenced by the 67% share spike on Monday 4 July 2011.
Although there was no announcement on the day, it appears investors began positioning themselves in the stock after last Friday's announcement that the company received the requisite governmental approvals required to begin drilling at its Nuurst Thermal Coal Project, located in a new coal hot spot of Mongolia.
Nuurst has an exploration target of 50 to 100 million tonnes thermal coal, Calorific value range Qdaf 6200 to 6800 kcal/kg.
What is so fascinating about exploration and geological understanding in Mongolia is the lack of it, with an estimation that only three quarters of the country has been mapped to a scale of 1:200,000.
The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.
The best part for the junior coal explorers in Mongolia is the country's location next to China, offering potential funds for infrastructure and development support should a sizeable coal resource be discovered.
Boosting the coal possibilities even higher for Mongolian focused company's, the country has coal reserves estimated at over 150 billion tonnes.
Link to TVN Presentation on Nuurst Acquisition.
---
"Mogi" Munkhdul Badral
Senior Client Manager / 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.
No comments:
Post a Comment