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Tuesday, October 25, 2011

[CPSI NewsWire: Voyager Announces Further Discovery at KM]

CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks.

Wish to subscribe or unsubscribe? Let me know.

See Mongolia related quotes at bottom of newsletter

 

CPS Securities continues to recommend VOR as a SPECULATIVE BUY based on these results and new discovery. VOR closed down 1.5c to 8.1c on Monday

Voyager Resources hits 46m at 1.1% copper at KM Project in Mongolia

October 24 (Proactive Investors) Voyager Resources (ASX:VOR) has unveiled another discovery at its KM Copper Porphyry Project in the South Gobi Region of southern Mongolia, with results including 46 metres at 1.1% copper and 14.1 grams per tonne (g/t) silver from 16 metres

The outstanding results have come from initial drilling on the Gaans Prospect and also include 38 metres at 0.88% copper and 4.5 g/t silver from 22 metres.

Voyager is bullish that the KM Project is an exceptional porphyry copper project that has the potential to be a company making asset.

Gaans is located about 2.5 kilometres east of the previously reported Cughur discovery, believed to be hosted in the same magmatic hydrothermal breccia

Exploration and development drilling is continuing full steam ahead at Gaans and Cughur and other regional targets, with five rigs operating on site including two reverse circulation drill rigs and three diamond core rigs.

Further drilling at the Cughur discovery has also intersected:

-       107 metres at 1.5% copper and 1.4 g/t silver from 20 metres

-       72 metres at 0.8% copper and 2.9 g/t silver from 32 metres; and 

-       24 metres at 1.4% copper and 4.0 g/t silver from 54 metres

In addition, completed diamond tails have extended previously reported mineralisation in completed drilling at Cughur and include:

-       116 metres at 2.4% copper and 7.2 g/t silver from 30 metres;

-       36 metres at 1.7% copper and 5.5 g/t silver from 70 metres; and 

-       130 metres at 0.9% copper and 2.5 g/t silver from 22 metres

Since late June, Voyager has completed 86 reverse circulation holes, 27 diamond core holes and 13 diamond core tails, with drilling continuing to intersect copper mineralisation. In addition to the drilling, Voyager has completed several geophysical and geochemical surveys over the KM Copper Porphyry Project (Voyager 50%, earning a further 30%).

Voyager now believes that the magmatic hydrothermal breccias intersected in drilling at Gaans and Cughur form a continuous semi circular annulus to the south of a large granitic complex.

The hydrothermal breccia is interpreted to have a surface projected area exceeding 5.2 square kilometres and could be one of the largest breccia complexes found to date.

Link to article

Link to VOR release

Disclosure: CPS has raised capital for VOR from its initial restructuring at 1c in 2009 till its most recent placement and rights issue at 6c in April 2011. CPS maintains a SPECULATIVE BUY rating on VOR due to these results and discovery.

Related: Notice of Annual General MeetingVoyager Resources Limited, October 24, 2011

 

Banpu stake in Hunnu now at 49.72% shares, 100% options

October 25, Hunnu Coal Limited (ASX:HUN) --

Link to release

Unrelated: GRAVE FOUND, MAY BE OF HUN KINGMontsame, October 24

 

GMM closed down 4.5c to 8c on Monday

General Mining Corporation builds up to coal exploration in Mongolia

October 24 (Proactive Investors) General Mining Corporation (ASX:GMM) is progressing towards exploration at its thermal coal projects in Mongolia’s Uvs Basin.

The company has commissioned a coal consultancy group with experience in Mongolia to undertake a preliminary geological reconnaissance program in November 2011.

General Mining is preparing to begin a coal exploration program in the June quarter of 2012.

In addition to the reconnaissance program, the consultancy group will review historical geological and geophysical data.

Historical coal exploration reports along with two geological reviews from 2008 indicate prospectivity of deeper coal at the Khuden deposit and the possible extension of the Khuden coal seams to the west of the outcropping area.

General Mining has been expanding its coal holdings in Mongolia over the past two months.

The company is acquiring a 100% interest in a coal exploration licence adjacent to its exploration properties in the Uvs basin, and farming into another licence that covers the central part of the Khuden black coal deposit.

In conjunction with the coal exploration program, General Mining plans to progress potash exploration in the Uvs Basin.

The company recently completed the first stage of a potash exploratory drilling program in the basin.

Three out of six planned drill holes were drilled, although none encountered potash mineralisation.

The company was quick to highlight that the drilled holes tested only part of the ground within two of its five exploration licences, with a substantial area remaining to be explored for potash.

General Mining considers the area prospective for potash based on historical potash intersections in the Russian part of the basin, about 30 kilometres from the company’s exploration licences.

Link to article

Link to GMM release

Related: Investor Presentation, October 2011 – October 25

 

Ivanhoe Mines Calls Lure Traders Speculating on Buyout: Options

Oct. 25 (Bloomberg) -- Ivanhoe Mines Ltd.’s (TSX:IVN, NYSE:IVN) options show investors are becoming more convinced the copper and gold explorer will be a takeover candidate by March.

The number of March $20 calls has increased by 13,143 this month, the most among Ivanhoe contracts in the U.S., according to data compiled by Bloomberg. Buyers, who profit if Vancouver- based Ivanhoe rallies 28 percent to $23.20 by expiration in five months, helped lift the ratio of calls versus puts to the highest level since November.

Options traders are betting Ivanhoe will resolve arbitration with Rio Tinto Group, clearing the way for founder and Chief Executive Officer Robert Friedland to sell the company. Rio owns 49 percent of Ivanhoe and the companies are partners in the Oyu Tolgoi copper project in Mongolia, with an estimated 81 billion pounds of copper and 46 million ounces of gold, according to Ivanhoe.

That really has been the exit strategy for Friedland all through his career,” Barry Schwartz, who oversees C$420 million ($418.6 million) at Baskin Financial Services Inc. in Toronto, said in a phone interview yesterday. “He starts these companies, finds a terrific play and cashes out,” he said. “It wouldn’t surprise me for Rio Tinto to come in.”

Bob Williamson, a spokesman for Ivanhoe, which has a market value of $12.9 billion, said he couldn’t comment. Tony Shaffer, a Rio Tinto spokesman, declined to comment. Rio’s market capitalization is 68.4 billion pounds ($109 billion).

14% Stake

Friedland controls about 14 percent of Ivanhoe stock. He sold Diamond Fields Resources Inc. to Inco Ltd., the world’s second-biggest nickel producer at the time, for C$4.56 billion in 1996 after setting up a bidding battle between Inco and Falconbridge Ltd. for Diamond Fields’s Voisey’s Bay nickel deposit in Canada.

Open interest for Ivanhoe calls has surged 25 percent to 168,052 contracts this month, compared with puts dropping 1.3 percent to 84,671. That boosted the ratio of calls to puts to 1.98-to-1 from 1.57 at the end of September. March call options with strike prices as high as $40 have been listed on U.S. exchanges. The shares closed at $18.11 yesterday.

Ivanhoe would be attractive to a large buyer like Rio Tinto that’s looking to acquire proven assets in the ground,” Louis Meyer, a special situations analyst for Oscar Gruss & Son Inc. in New York, said in a telephone interview yesterday. “The idea may be to buy assets close to China so you can supply the market without having large shipping expenses. Mongolia is to China like Canada is to the U.S.”

Arbitration

Rio and Ivanhoe are in arbitration over Ivanhoe’s adoption last year of a shareholder rights plan and Ivanhoe’s claim that Rio broke an agreement not to discuss selling a stake in Ivanhoe or in the Mongolian mine with potential buyers without Ivanhoe’s permission. London-based Rio Tinto is barred from making a hostile bid for Ivanhoe under an agreement that expires Jan. 18.

Clearly what Friedland is trying to do is prevent Rio from going to 51, 52, 53 percent of Ivanhoe without paying a control premium,” John Stephenson, a Toronto-based money manager at First Asset Investment Management Inc., which oversees $2.7 billion, said Oct. 21 by telephone. “He’ll probably get it.”

Open interest for March $20 calls has jumped to 13,401 contracts from 258 at the end of last month, the biggest gain among all Ivanhoe contracts, according to data compiled by Bloomberg. Call options accounted for seven of the 10 largest increases, the data show.

‘Wishful Thinking’

Traders using options to bet on takeovers are usually engaged in wishful thinking, according to Ophir Gottlieb, managing director of client services at San Francisco-based Livevol Inc., a provider of options-market analytics.

Generally, out-of-the-money call purchases on takeover rumors are the single worst investment in finance,” Gottlieb said yesterday in a telephone interview. “Using them to speculate on takeovers is a losing bet almost all of the time.”

Ivanhoe agreed in 2000 to pay $5 million to acquire the exploration license for Oyu Tolgoi from Broken Hill Proprietary Co., now BHP Billiton Ltd., the world’s largest mining company. Ivanhoe paid $37 million to buy out BHP’s remaining right to any royalty from the mine in 2003.

Friedland got $440 million in cash and stock for his stake in Diamond Fields Resources in 1996. He later founded Indochina Goldfields Ltd. and listed it on the Toronto Stock Exchange the same year. The company was renamed Ivanhoe Mines in 1999.

“He’s got an ownership stake in the company, and if the shareholder rights plan holds, it is a pivotal stake,” Adam P. Graf, a New York-based analyst at Dahlman Rose & Co. who recommends buying the shares, said in a telephone interview yesterday. “Maybe he can or can’t use that to get a significant takeout premium from Rio Tinto.”

Link to article

 

XAM closed up 1.5c to 41.5c on Monday

Xanadu: Quarterly Report

October 24, Xanadu Mines Limited (ASX:XAM) --

HIGHLIGHTS

·         Exploration success continues at the Nuurstei coking coal Joint Venture.

·         Preliminary coal test work (washability) at Nuurstei confirms a product with less than 12% ash, low sulphur and Crucible Swell Numbers (“CSN”) of 8 to 9.

·         Reconnaissance mapping identifies numerous coal subcrops at the newly acquired Javkhlant coking coal project on the Chinese border.

·         Galshar Thermal Coal Project resource estimate in accordance with JORC code now expected late October.

·         Reconnaissance drilling at Wild Horse Project, in the southeast Gobi identifies narrow coal seams, requiring follow-up drilling.

·         Ground magnetics at Sharchuluut porphyry project identifies numerous drill targets (intrusive centres).

·         Exploration drilling commences at the Suug low sulphidation epithermal gold prospect on the Elgen-Zos Joint Venture Project.

·         Appointment of Ms Hannah Badenach of Noble Group as a Non-Executive Director of the Company

·         A$22.4 million cash on hand at 30th September 2011 to fund exploration and pursue new exploration and development opportunities in Mongolia.

Link to report

 

BDI closed down 0.1c to 1.4c on Monday

Blina: Annual Report 2011

October 24, Blina Minerals NL (ASX:BDI) --

Link to report

Related: Notice of AGM – October 24, 2011

 

STOCK EXCHANGE WEEKLY REVIEW

October 24, Ulaanbaatar, Mongolia /MONTSAME/ Five stock trades were held at Mongolia's Stock Exchange from October 17 to October 21. In overall, 4.1 million shares were sold of 52 joint-stock companies totaling MNT 27.9 billion

Index TOP-20 was 21196.94 points increasing 1000.64 units or 4.9% against the week earlier. The total market capitalization was set at MNT two trillion 272.3 billion increasing MNT 187.6 billion or 8.9%.

Shares of "Darkhan ZB" /52.1%/, "Shivee ovoo" /36.5%/, and "Khar tarvagatai" /32.2%/ increased, but shares of "Bayanteeg" /27.7%/, "Berkh uul" /18.9%/, and "Tomriin zavod" /13.0%/ decreased.

1 stocks closed higher, 14 shares declined and seven shares remained unchanged. Shares of "Sharyn gol" /1.6 million units/ and "Sor" /646.5 thousand units/ were the most actively traded in terms of trading volume and in terms of trading value--"Sharyn gol" (MNT 18.3 billion), "Sor" (MNT 705.8 million), and "Remikon" (162.0 million). 

Link to article

 

"METALS MONGOLIA 2011" FORUM APPROACHES

October 24, Ulaanbaatar, Mongolia /MONTSAME/ A “Metals Mongolia 2011” international forum of mining and metallurgy investments will take place November 3-4. 

The forum has been co-organized by the Ministry of Mineral resources and energy, National development and innovation committee, Mineral resources authority, and www.mining.mn web site. 

The action, aimed to present investment projects on introducing mining and metallurgy hi tech, will be attended by 800 people, of whom 40 percent will be foreigners. 

Several officials will give speeches such as D.Zorigt, the Minister of Mineral resources and energy, Kh.Battulga, the Minister of Roads, transportation, construction and urban development, Ch.Khashchuluun, a head of National development and innovation committee, as well as by authorities of some foreign famous companies. 

A participation is expected of “Steel-iron-Eroo river”, “Blue steel”, “Ferrous metal industry of Darkhan”, “Oyutolgoi” companies of Mongolia and of "Tau-Ken Samruk” company of Kazakhstan, ENRC of France, Outotec of Finland, POSCO of Republic of Korea, Kobe Steel of Japan, Bechtel of USA. 

Link to article

 

Standing committees will discuss PM resignation issue

October 24 (news.mn) Nine MPs submitted to Parliament a note demanding the resignation of Prime Minister S.Batbold last Thursday. This has raised thorny legal issues, since there is no provision regarding the resignation of a prime minister in Mongolia’s constitution. Our correspondent spoke with S.Magnaisuren, the Secretary of the Parliament’s Office, about the possibility of Parliament discussing the resignation issue. 

Q: How will Parliament deal with the resignation issue?

A: The note that the nine MPs submitted to Parliament was sent to Speaker D.Demberel, as well as to the heads of two standing committees, State Structure and Justice, last Saturday. The issue will be discussed by the two standing committees. 

According to the Constitution, the Government’s authority begins from the time a prime minister is appointed, and it ends when the next prime minister is appointed.

If a prime minister or half of the Government members simultaneously resign, that Government would end. If 19 or more MPs were to officially call for the end of a Government, Parliament would discuss the issue.

Q: What do you say about the issue as a lawyer?

A: I told the MPs that the Constitution does not regulate a prime minister’s resignation. MPs and other lawyers have different opinions on the issue. For example, some MPs believe Parliament has no authority to discuss the issue. Some lawyers have the position that the issue should be decided by legislation, which can be changed. [But I believe] there is no basis to say that Parliament cannot discuss the issue if the Speaker allows it. 

Q: But what about the provision of the Constitution that says, if 19 or more MPs were to officially call for the end of a Government, Parliament would discuss the issue?

A: The Constitution has such a provision but the discussion can only begin at the suggestion of at least 19 MPs. [Only nine MPs signed the note sent to Parliament last Thursday.]

Q: The nine MPs have asked for the resignation of the prime minister but not of the Government. How could the matter be resolved? 

A: The 43rd provision of the Constitution does not detail the procedure for a prime minister’s resignation. The Constitution also does not have a provision for the resignation of a Government member. But there are other laws that address these issues.

Q: Could it be that the law on Parliament violates the Constitution? 

A: That issue should be discussed by the standing committees. 

Q: Does Parliament accept the suggestions of the Parliament’s Office? 

A: Parliament has the right to decide what to do with the suggestion

Link to article

 

OIL REFINERY TO BE ERECTED IN DARKHAN-UUL

Ulaanbaatar, Mongolia. October 24 /MONTSAME/ A foundation stone was laid on Sunday of Mongolia-Japan joint oil refinery in Darkhan-Uul aimag. The ceremony has been attended by the Speaker D.Demberel

The oil refinery will be erected in Khongor soum

Before, as soon as the construction started, the Speaker set up a working group to have it study the refunery-related issues and work out proposals.

Total authorized area for the factory is 400 hectares, ot will consist of 22 objects including 14 buildings for distillation of crude oil and 48 big containers of 600 thousand cubic meters for storing crude oil and final products, large containers will be also installed for reserving 60-day 360 thousand tons crude oil.

The oil refinery will process 44 thousand tons barrels of oil per day or two million tons oil per year, producing 1.7 million tons fuel which may fully provide the domestic consumption. As for the labor force, 600 people will work in the factory, of them 50 engineers and technical experts will be trained in Japan and some 220 engineers and technicians will be trained here with a help of the Japanese instructors.

Investments of USD 600 million will be made for construction of the factory. About 85 per cent of the investments will come from the Bank for International Cooperation at the Japanese government under long-term and low-interest loan. The Mongolian side will make the remaining 15 per cent.

The construction, to be done by the “Toyo Engineering” company, will start in 2012 and end in 2015. 

As of today, oil products are fully imported from foreign countries. Statistics say Mongolia imported 884.1 thousand tons oil products in 2008, 779.6 thousand tons in 2009 and 866.4 thousand tons in 2010. Annual consumption of oil products stood at over 800 thousand tons in the previous year, and, as estimated, it will reach 1.7 million tons by 2015.

Link to article

 

Move to hike tariff on imported wheat advances

October 24 (news.mn) Parliament on Friday discussed the 27th protocol, which deals with tariffs on imported goods, and the MPs approved further discussion of a measure to increase the tariff on imported wheat by 40 percent. 

However, the increase might be lower at border points in western aimags, because that region is dependent on imported flour.

Mongolia’s annual demand for flour is about 244,000 tons, of which 17,000 tons were imported in 2008, 21,000 tons in 2009, and 19,000 tons in 2010.

Link to article

 

CW-GP opposes SSC decision D.Enkhbat still won’t return GP seal

October 24 (news.mn) Members and supporters of the Civil Will-Green Party (CW-GP) on Monday expressed their opposition to the recent decision of the State Supreme Court (SSC) to officially register the Green Party (GP).

Former GP Chairman D.Enkhbat, who broke away from the party to form the CW-GP, says the decision is wrong, and that is why he still refuses to return the GP’s party seal and certificate, which are in his possession.

While CW-GP officials expressed their opposition to the SSC decision, GP officials are still demanding the return of the party’s seal and certificate. 

Link to article

 

The worst you can do in this country is make 28%

October 24, 2011, Ulan Bator, Mongolia (Business Insider) --

As rich as a Mongolian.”

Get used to hearing that expression, because it will have entered our lexicon in 10-years time.  I’ll explain–

Mongolia is a sizeable country blessed with unimaginable resource wealth. It almost seems that just about every other Tuesday brings another major resource discovery. Oil. Coal. Gold. Copper. Rare earths. Iron ore. Molybdenum. Uranium. You get the idea.

These deposits are substantial… in many instances, world class. Mongolia’s copper reserves alone rival those of Chile. Its oil wealth is in the same class as Angola. Its coal deposits blow Australia’s out of the water. And yet, the vast majority of this country is still unexplored. We can (and should) expect more discoveries in the months and years to come.

I’m not telling you this so that you’ll buy shares in every junior resource company with Mongolia exposure that you can find. Even with all of this mineral wealth, a lot of mining companies (and their shareholders) are going to lose their shirts.  Drilling holes in the earth is expensive, risky business.

The knock-on effect to Mongolia’s population, however, will be of historic proportions. There are only three million people in this country. Trillions of dollars of resource wealth divided by a few million people is exceptionally high per-capita wealth… and it’s all going to happen in less than a generation.

Perhaps the best example of this in history is the United Arab Emirates. Like the Mongols, these people were just nomadic tribesmen roaming the desert for hundreds of years. Oil was discovered in the early 1960s, and within a generation, people in Abu Dhabi were among the wealthiest in the world.

But I think it can happen even faster in Mongolia; much of the world has a vested interest in pulling Mongolia’s resources out of the ground as quickly as possible. The Middle East is destabilizing quickly, China has nearly monopolistic control over rare earth minerals, and demand for physical gold is skyrocketing.

All of these projects will also require substantial infrastructure investment before any extraction takes place, and billions of dollars are already being invested in the country to this end. You can imagine the economic effect when a $6 billion infrastructure investment is made in a $5 billion economy.

I saw similar effects in Panama years ago– in 2005, Panama’s GDP was roughly $15 billion.  After several years of substantial foreign investment (including tranches of the multi-billion dollar Panama Canal expansion project), GDP is now $27 billion. Perhaps more importantly, a strong middle class emerged in Panama as a result. It wasn’t just 5 guys getting rich.

I suspect the same thing will happen in Mongolia; the government is already handing out shares of mining concessions to the population, and in the long run, this society is probably going to look a lot like Kuwait: every native born into a life of privilege and state-sponsored welfare in the form of ridiculously overpaid “government jobs”.

This is the much safer bet– investing in Mongolia’s rising economy, and by consequence, the rising per capita income of the local population. Acknowledging the possibility for short-term fluctuations, I think it’s going to be very hard to get hurt with this investment thesis.

Put it this way: you know you can make some serious money in a country where the absolute -worst- that you can do is open a savings account yielding 13% interest, denominated in a currency that gained 15% against the US dollar last year.

More to follow.

Link to article

 

Table: Mongolia Related Stocks (Source: Bloomberg)

 

Name

Symbol

$

Price

Change

+-%

Open

High

Low

Volume

Time

% YTD

% 12 m

Indices

ASX 200

AS51:IND

4,255.00

113.1

2.73%

4,154.50

4,265.40

4,154.50

-

24-Oct

 

 

Nikkei 225

NKY:IND

8,843.98

165.091

1.90%

8,764.92

8,844.28

8,762.02

-

24-Oct

 

 

Hang Seng

HSI:IND

18,771.82

746.1

4.14%

18,444.16

18,826.85

18,435.41

-

24-Oct

 

 

FTSE 100

UKX:IND

5,548.06

59.4102

1.08%

5,488.65

5,552.79

5,487.21

-

24-Oct

 

 

TSX Composite

SPTSX:IND

12,162.28

212.79

1.78%

12,005.66

12,162.28

11,957.00

-

24-Oct

 

 

S&P 500

SPX:IND

1,254.19

15.9399

1.29%

1,238.72

1,256.55

1,238.72

-

24-Oct

 

 

ASX

Aspire Mining

AKM:AU

A$

0.4

0.02

5.26%

0.385

0.41

0.385

937,283

24-Oct

-16.67%

110.53%

Blina Minerals

BDI:AU

A$

0.014

-0.001

-6.67%

0.016

0.016

0.014

3,496,021

24-Oct

-6.67%

0.00%

C@

CEO:AU

A$

0.07

-0.002

-2.78%

0.075

0.077

0.07

1,718,995

24-Oct

150.00%

311.77%

General Mining

GMM:AU

A$

0.08

-0.045

-36.00%

0.125

0.13

0.08

1,338,309

24-Oct

-33.33%

-50.00%

Guildford Coal

GUF:AU

A$

1

0

0.00%

1.015

1.055

0.99

0

20-Oct

36.99%

78.57%

Haranga Resources

HAR:AU

A$

0.22

0

0.00%

0.215

0.22

0.2

170,227

24-Oct

-65.63%

 

Hunnu Coal

HUN:AU

A$

1.785

0

0.00%

1.79

1.79

1.785

649,928

24-Oct

33.71%

80.30%

Mongolian Res Corp

MUB:AU

A$

0.26

0

0.00%

0.25

0.26

0.25

0

30-Sep

 

Robe Australia

ROB:AU

A$

0.012

-0.001

-7.69%

0.012

0.012

0.012

22,500

24-Oct

28.34%

76.47%

TVN Corp.

TVN:AU

A$

0.052

0.002

4.00%

0.051

0.052

0.05

1,190,000

24-Oct

420.00%

642.86%

Voyager Resources

VOR:AU

A$

0.081

-0.015

-15.63%

0.097

0.1

0.08

74,787,859

24-Oct

51.05%

109.15%

Xanadu Mines

XAM:AU

A$

0.415

0.015

3.75%

0.4

0.415

0.39

112,884

24-Oct

-26.55%

HKEx

Solartech Int’l

1166:HK

HKD

0.236

0.001

0.43%

0.235

0.245

0.228

11,777,000

24-Oct

-75.42%

-76.40%

Winsway

1733:HK

HKD

2.42

0.2

9.01%

2.28

2.43

2.28

20,938,000

24-Oct

-46.15%

-33.12%

SouthGobi Resources

1878:HK

HKD

58.3

1.65

2.91%

57.15

58.3

55.9

32,000

24-Oct

-41.41%

-35.04%

China Gold

2099:HK

HKD

23.45

0.45

1.96%

23.5

23.85

23.35

37,100

24-Oct

-44.17%

CNNC Int’l

2302:HK

HKD

1.94

0.1

5.43%

1.96

1.98

1.86

526,000

24-Oct

-77.70%

-71.88%

Real Gold Mining

246:HK

HKD

8.86

0

0.00%

8.86

8.86

8.86

0

24-Oct

-34.28%

-33.89%

Mongolia Energy

276:HK

HKD

0.66

0.05

8.20%

0.63

0.67

0.63

27,045,000

24-Oct

-71.55%

-79.75%

Zijin Mining

2899:HK

HKD

3.1

0.34

12.32%

2.87

3.11

2.84

58,914,000

24-Oct

-34.28%

-35.71%

Mongolia Inv Group

402:HK

HKD

0.05

0.001

2.04%

0.05

0.051

0.049

15,046,000

24-Oct

-66.22%

-71.10%

North Asia Resources

61:HK

HKD

0.475

0.015

3.26%

0.45

0.475

0.45

55,000

24-Oct

-47.80%

-68.12%

China Daye Non-Fer.

661:HK

HKD

0.435

0.005

1.16%

0.44

0.45

0.42

11,114,180

24-Oct

-22.32%

-7.45%

Bestway Int’l

718:HK

HKD

0.052

0

0.00%

0.052

0.052

0.052

0

24-Oct

-63.12%

-67.50%

Asia Coal

835:HK

HKD

0.132

0.02

17.86%

0.13

0.132

0.1

1,140,000

24-Oct

-47.20%

-45.68%

Mongolian Mining

975:HK

HKD

6.8

0.39

6.08%

6.75

6.9

6.55

2,944,820

24-Oct

-25.03%

-24.44%

SGX

LionGold

LIGO:SP

SGD

0.865

0.005

0.58%

0.86

0.865

0.86

8,773,000

24-Oct

18.49%

110.98%

LSE

Central Asia Metals

CAML:LN

GBp

68

0

0.00%

68

68

68

1,817,800

24-Oct

-24.65%

-26.49%

Petro Matad

MATD:LN

GBp

26.25

-1

-3.67%

27.25

27.25

26.25

342,637

24-Oct

-78.48%

-81.51%

Metal-Tech

MTT:LN

GBp

5

-0.5

-9.09%

5.5

5.5

5

60,000

24-Oct

-67.74%

-66.67%

Origo Partners

OPP:LN

GBp

31.75

0.25

0.79%

31.5

31.75

31.5

33,000

24-Oct

-22.56%

-10.56%

North

America

Aberdeen Int’l

AAB:CN

CAD

0.67

0.03

4.69%

0.63

0.67

0.63

59,564

24-Oct

-17.14%

29.76%

Blue Zen Mem. Parks

BZM:CN

CAD

0.16

0

0.00%

0.16

0.16

0.16

0

18-Oct

Centerra Gold

CG:CN

CAD

20.28

0.55

2.79%

20

21.08

19.8

562,568

24-Oct

4.41%

17.56%

China Gold

CGG:CN

CAD

3.2

0.2

6.67%

3

3.2

2.92

317,646

24-Oct

-41.07%

-33.47%

Denison Mines

DML:CN

CAD

1.45

0.09

6.62%

1.4

1.46

1.4

2,119,974

24-Oct

-57.48%

-34.68%

Denison Mines

DNN:US

USD

1.45

0.07

5.07%

1.39

1.45

1.39

1,485,749

24-Oct

-57.60%

-33.18%

East Asia Minerals

EAS:CN

CAD

0.56

-0.02

-3.45%

0.58

0.59

0.56

277,298

24-Oct

-93.03%

-91.45%

Entree Gold

EGI:US

USD

1.6399

0.0799

5.12%

1.59

1.739

1.59

79,558

24-Oct

-52.60%

-38.12%

Erdene Resource

ERD:CN

CAD

0.4

-0.03

-6.98%

0.43

0.43

0.4

95,400

24-Oct

-67.74%

-14.89%

Entree Gold

ETG:CN

CAD

1.65

0.04

2.48%

1.63

1.72

1.59

96,620

24-Oct

-52.45%

-39.34%

Fortress Minerals

FST:CN

CAD

4.4

0

0.00%

4.4

4.4

4.4

0

19-Oct

1.15%

15.79%

Garrison Int’l

GAU:CN

CAD

0.03

0

0.00%

0.03

0.03

0.03

0

17-Oct

-66.67%

-40.00%

Gulfside Minerals

GMG:CN

CAD

0.08

-0.01

-11.11%

0.09

0.095

0.08

230,100

24-Oct

-15.79%

-36.00%

Green Tech Solutions

GTSO:US

USD

0.13

0.005

4.00%

0.125

0.13

0.12

20,956

24-Oct

-96.75%

Ivanhoe Energy

IE:CN

CAD

1.38

0.07

5.34%

1.33

1.38

1.31

359,255

24-Oct

-49.26%

-39.74%

Ivanhoe Energy

IVAN:US

USD

1.36

0.05

3.82%

1.32

1.37

1.31

560,642

24-Oct

-50.00%

-38.74%

Ivanhoe Mines

IVN:CN

CAD

18.23

1.16

6.80%

17.55

18.23

17.27

1,359,510

24-Oct

-20.74%

-19.83%

Ivanhoe Mines

IVN:US

USD

18.11

1.15

6.78%

17.72

18.17

17.18

2,445,441

24-Oct

-20.99%

-18.08%

Kincora Copper

KCC:CN

CAD

0.38

0

0.00%

0.32

0.38

0.32

0

21-Oct

40.74%

153.33%

Khan Resources

KRI:CN

CAD

0.23

0

0.00%

0.25

0.25

0.23

0

21-Oct

-52.08%

-37.84%

Long Harbour

LHC:CN

CAD

0.12

0

0.00%

0.125

0.125

0.12

0

19-Oct

 

14.29%

Lucky Strike

LKY:CN

CAD

0.68

-0.03

-4.23%

0.7

0.7

0.66

15,000

24-Oct

-53.10%

325.00%

Lucky Strike

LKYSF:US

USD

0.6817

-0.0169

-2.42%

0.6815

0.6817

0.6815

10,000

24-Oct

-51.95%

Meritus Minerals

MER:CN

CAD

0.035

0

0.00%

0.035

0.035

0.03

60,000

24-Oct

-82.50%

-90.00%

Manas Petroleum

MNAP:US

USD

0.2

0

0.00%

0.2

0.2

0.18

114,555

24-Oct

-66.67%

-58.33%

Mongolia Growth Group

MNGGF:US

USD

4.296

-0.1165

-2.64%

4.6195

4.6195

4.1775

10,200

24-Oct

Blue Wolf Mongolia

MNGL:US

USD

9.58

0

0.00%

9.59

9.61

9.58

0

14-Oct

Blue Wolf Mongolia

MNGLU:US

USD

10.17

-0.03

-0.29%

10.17

10.17

10.17

100

24-Oct

Manas Petroleum

MNP:CN

CAD

0.18

0

0.00%

0.18

0.18

0.18

0

11-Oct

Prophecy Coal

PCY:CN

CAD

0.55

0.03

5.77%

0.53

0.55

0.52

403,033

24-Oct

-36.39%

-17.39%

Prophecy Coal

PRPCF:US

USD

0.532

0.001

0.19%

0.532

0.532

0.53

2,800

24-Oct

-39.68%

-17.47%

Puget Ventures

PVS:CN

CAD

0.49

0

0.00%

0

17-Sep

SouthGobi Resources

SGQ:CN

CAD

7.7

0.51

7.09%

7.3

7.75

7.3

47,072

24-Oct

-36.78%

-36.21%

Solomon Resources

SRB:CN

CAD

0.075

-0.005

-6.25%

0.08

0.08

0.075

24,000

24-Oct

-65.12%

-79.17%

Wedge Energy

WEG:CN

CAD

0.015

0

0.00%

0

3-Aug

 

 

Mongolia Growth Group

YAK:CN

CAD

4.3

-0.15

-3.37%

4.64

4.64

4.21

19,942

24-Oct

 

 

 

---

"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.

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