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.
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C@ Completes Re-Priced Capital Raising with A$17m
December 9 (Mogi) C @ Limited (ASX:CEO) announced its completion of priority share offer to shareholders raising A$3m oversubscribed and A$14m through a general offer, raising in total A$17m.
C@ previously announced it had to re-price its offer shares to half of what it originally announced, citing “challenging” market conditions. Canaccord BGF and Rennaisance Capital worked as Joint Lead Managers and Azure Capital as Corporate Advisor.
C@ is also consolidating shares by 20 shares for 1, renaming to Draig Resources Limited, and changing ticker to DRG
Link to announcements:
General Offer Closed Fully Subscribed – December 2
Priority Offer Closed Over Subscribed – December 9
402 currently has 9.2B total shares outstanding with HK$405M market cap, and would issue 4.1-6.9 billion new shares, plus HK$ 1.1-1.2B convertibles
MIG: MEMORANDUM OF UNDERSTANDING RELATING TO A PROPOSED ACQUISITION
December 12, Mongolia Investment Group Limited (HK:402) --
This announcement is made pursuant to Rule 13.09 of the Listing Rules.
The Board announced that on 12 December 2011, the Company entered into a MOU with Yuan Tu, the Other Vendors and the Management Shareholders all independent third parties to the Company, the Target Company and Peace Map, all being independent third parties to the Company, pursuant to which the Vendors intended to sell and the Company intended to acquire, through its wholly-owned subsidiary, the entire equity interests in the Target Company. The Target Company is principally engaged in the business of aerial photography, aviation and aerospace remote sensing image data processing, provision of geographic information system (“GIS”) software and solutions. The consideration for the acquisition of the Sale Shares is intended to be satisfied by a combination of cash, the allotment and issue of new Shares and the issue of convertible bonds by the Company.
The MOU is non-legally binding save for certain provisions including those relating to confidentiality, exclusivity and governing law of the MOU. The final terms of the formal agreement, including but not limited to consideration, in relation to the Proposed Acquisition, have yet to be determined and finalized.
…
Consideration
The aggregate consideration for the Sale Shares is intended to be payable to the Vendors or any other parties as directed by each of the Vendors in proportion to their shareholdings in the Target Company after completion of the Proposed Acquisition by (i) issue and allotment of approximately 4.1 billion to 6.9 billion new Shares; (ii) the issue by the Company of convertible bonds with principal amount ranging from approximately HK$1.1 billion to HK$1.2 billion; and (iii) cash of approximately HK$59 million.
For the avoidance of doubt, the issue and allotment of the new Shares under the Proposed Acquisition will not result in a change in control of the Company.
…
IVN rose 2.45% on Friday to $21.78 in NY
UPDATE 1-Ivanhoe expects Rio dispute ruling within two weeks
* Ruling could come as early as next week
* Talks continue with China over power supply
LONDON Dec 9 (Reuters) - Ivanhoe Mines Ltd (TSX:IVN, NYSE:IVN) said it expects a ruling on an arbitration dispute with Rio Tinto, its largest shareholder, to be delivered within a couple of weeks.
Deputy chairman Peter Meredith told the Mongolia Investment Summit in London that a ruling could even come next week.
Global miner Rio Tinto owns 48.5 percent of Ivanhoe (Mogi: it’s actually 49%) and initiated the arbitration process in 2010 after Ivanhoe adopted a shareholder rights plan that Rio contends breaches its contractual rights.
Ivanhoe is constructing the Oyu Tolgoi copper-gold project, home to one of the world's largest-known copper deposits, in Mongolia. The project, 66-percent owned by Ivanhoe, is located about 50 miles from the border with commodity-hungry China.
Meredith said Ivanhoe is still in talks with China over a three or four-year power supply agreement.
Commercial production from Oyu Tolgoi, literally the Turquoise Hill, is expected to start in the first half of 2013.
Average annual output in its first 10 years of commercial output is expected to exceed 650,000 ounces of gold, 3 million ounces of silver and 1.2 billion pounds (544,000 tonnes) of copper.
About 14,000 people are working on the site, of which 8,000 are Mongolian. Oyu Tolgoi is the country's third-largest city.
Ivanhoe to build Oyu Tolgoi power plant by 2017
LONDON, December 9 -(MarketWatch)- Ivanhoe Mines Ltd will need to build a new power plant by the summer of 2017 as part of its agreement with the Mongolian government to develop the country's massive Oyu Tolgoi copper-and-gold deposit.
Peter Meredith, deputy chairman of Canada-based Ivanhoe Mines, which owns a 66% stake in Oyu Tolgoi, told the Terrapinn Mongolia Investment Summit that: "We are required to build a power plant within four years of first production."
Oyu Tolgoi is due to begin first commercial production by mid-2013.
The requirement is part of an investment agreement that Ivanhoe signed with the Mongolian government in 2009. The Mongolian government owns the remaining 34% stake in the project.
Meredith said Oyu Tolgoi will need a 325 megawatt power plant for safety purposes, given the number of people that will be working underground. Ivanhoe, however, is considering building a 600MW power plant, with a view to selling some of that power back to the grid, Meredith said.
He said that the project has access to enough power to meet its needs until August or September 2012. After that it will need to use diesel power generation to meet any additional needs.
Continuing with diesel power generators would be very expensive, he noted, and as a result Ivanhoe is in negotiations to secure a three- to four-year contract to import electricity from neighboring China. Ivanhoe could potentially build a power plant now, Meredith said, but it would require an investment of $1 billion and require a work force of 7,000 people, Meredith said.
Ivanhoe is already spending several billion dollars to get Oyu Tolgoi into production. It already employs 14,000 people and Oyu Tolgoi is now the third largest city in Mongolia, a country with 3.1 million people, according to Meredith.
EBRD Providing $5m Follow Up Loan to Gobi
December 9 (The FINANCIAL) -- The EBRD is providing a new loan of US$ 5 million to wool and garment company Gobi JSC for partial financing of an equipment modernisation programme that will improve the quality of the group’s products and increase its production capacity.
The proceeds of the EBRD financing will be used to purchase new equipment in such areas as spinning, knitting, linking, weaving and finishing.
Established in 1981, Gobi is a fully integrated processor with capabilities ranging from primary processing to manufacturing of cashmere and camel wool knitwear and woven products. Gobi is majority owned by the Tavan Bogd Group of Mongolia and by HS Securities of Japan and is listed on the Mongolian Stock Exchange.
During the past two years Gobi has been restructured under new ownership and management following its privatisation. Gobi’s Board of Directors and executive management team comprise experienced Mongolian and Japanese entrepreneurs and managers with a proven track-record and knowledge in the sectors where the group is active.
This latest loan is a follow-up financing to a loan provided by the EBRD to Gobi in 2009.The project will enhance Gobi’s competitiveness on both local and international markets. Cashmere processing is the second largest currency earner for the country after mining and is an important traditional sector where Mongolia can genuinely compete at international level and achieve diversification away from the resource economy.
Since the beginning of its operations in Mongolia in 2006, the EBRD has committed through debt and equity investments more than US$ 465 million to the Mongolian private sector through 41 projects in sectors ranging from banking to manufacturing and from mining to agribusiness.
Development Bank to Test Global Debt Market
December 11 (UB Post) While the reach nations of the European Union heed warnings about the potential collapse of their market for sovereign debt, Mongolia is going to tap the global debt market. The Mongolian Development Bank had announced that it would issue USD 600 million equivalent of medium-term Euro bonds with the assistance of global financial giants such as ING, Deutsche Bank, and HSBC. The bonds are planned to be sold in several stages through the Singapore Exchange (SGX) this December and into 2012.
Open up a window
The idea of sovereign bond issuance isn’t new for Mongolians. In order to fight financial crisis in 2008, Mongolia planned to issue USD 1.2 billion in sovereign bonds. Even last year, officials from the Ministry of Finance said that discussions were underway to get into the global debt market. However, since then, the expectations have melted away and the sovereign bond hasn't come to the global market as Mongolia has had access to concessionary lending at low rates and with long maturities.
Thanks to its vast reserves of mineral resources, Mongolia has outgrown its status as a poor-income-country, which means times when free financial assistance was solicited are over. It was then understood that the Government couldn’t afford to finance ambitious projects from the budget. Therefore, Mongolia needs commercial external borrowings.
“Although the Mongolian Development Bank was formed only five months ago, it has already become an important tool to implement the financing of nationwide infrastructure development projects of the Government,” said Mongolian Prime Minister S.Batbold. According to the Development Bank the bonds will finance ambitious projects such as a new railroad, The Sainshand Industrial Complex, and The New Development Program.
On other hand, the Government wants to establish a benchmark to help Mongolian companies access the capital markets. “Sovereign bond issuance will open up a window for private companies to go and raise money,” explained Ch.Ganhuyag, Vice Minister of Finance. Today, only the Trade and Development Bank (TDB) has experience issuing bonds out of Mongolia.
Market Situation
The Development Bank's debt issuance depends on the market situation, said experts. Since the European dept crisis has worsened and the United States has lost its triple-A rating from Standard & Poor's, investors are afraid of the bond market. Due largely to these factors, the yields of Mongolian bonds may be much higher than expected before. Surprisingly, although the world capital market environment is not favorable at present, the Development Bank of Mongolia managed to issue the bonds in terms compared with countries in a similar situations, according to its official statement.
The international rating agency, Standard & Poor’s has rated the Development Bank of Mongolia’s bonds similarly to the Government of Mongolia, -(BB-).
Foreign experts explained that the bonds of emerging countries are attracting investors seeking to diversify risks as well as earn high returns. According to The Express Tribune, today emerging markets represent 10-15 percent of the global debt market, up from 6 percent in 2000.
The good news is the situation of Mongolia is generally sounder than developed countries, where potential economic recession fears can spook the market. The economy grew at a furious pace with the World Bank data showing GDP growth of 20.8 percent in third quarter, following 17.3 percent growth in second quarter. Moreover, the Mongolian total public sector debt is equivalent to 42 percent of GDP, compared to 100 percent for USA and other historically rich countries.
The Development Banks` bonds would offer investors a chance to diversify their Asian sovereign bond portfolio and it would be expected to attract attention of foreign financial and investment banks interested in operating in Mongolia.
“Foreign investors are eying Mongolia,” pointed B.Batjargal, chairman of the Development Bank, “because of this, the bond issuance likely to be successful”.
After the Fund Raising
Some experts did not hide their pessimism and skepticism that the newly formed Development Bank can implement large-scale projects by issuing bonds.
“The Development Bank first needs to differentiate among projects it can finance. Only projects that are determined to be profitable, for which feasibility studies are prepared, must to be implemented,” pointed out Rogier van den Brink, a lead economist at the World Bank.
He explained that at the World Bank for example, the preparation of implementation of one project requires at least one year.
“If the Development Bank issued bonds and raised capital today, what will be done with this capital? No projects have been estimated, and none are ready to be implemented,” Rogier warned.
We should keep in mind, that the Development Bank will be the first Mongolian entity to issue bonds with sovereign guarantees, which means in case the Development Bank cannot pay off its debt, then the Government will pay for it.
Of course, USD 600 million is not a big deal for large foreign investors, even though, it is s big number for Mongolians, amounting for almost 10 percent of the GDP. Therefore, the Development Bank needs to assign high responsibility.
“In a country like Mongolia, where there is a big conflict of interest between the public and the private, we should make a perfect contract and make all of the process open and transparent in order to create these ambitious construction projects by credit,” pointed out D.Jargalsaikhan in his article entitled Bond-Access to the Sea.
After the bonds are issued, then the most important thing would be the Development Banks` capital expenditure and its result.
“If we fail to implement the ambitious projects in a timely and efficient manner, then the credit rating of our Government would be even worse,” Jargalsaikhan added.
PRESIDENT OF INDONESIA RECEIVED BATBOLD PM
Ulaanbaatar, Mongolia, December 9 /MONTSAME/ The Indonesian President Susilo Bambang Yudhoyono has pointed out that Mongolia and Indonesia can cooperate in the fields of mining, energy, agriculture and small- and middle-sized productions.
It was said at his meeting with the Mongolian PM S.Batbold on the second day of the Bali Democratic Forum in Indonesia.
Mr. Susilo underlined that the visit of Mongolia's Prime Minister to Bali opened doors for intensive development of the bilateral relations.
In turn, S.Batbold stated that the two countries have an opportunity to boost mutually beneficial cooperation in strengthening of the democracy, peacekeeping actions and the defense. Then, he invited the Indonesian President to pay a visit to Mongolia. It was received with gratitude.
The same day, the Prime Minister held bilateral meetings with state and governmental leaders of Japan, Qatar, Turkey, East Timor, the Great Britain, New Zealand, Brunei and Bangladesh. He noted that the economic growth of Mongolia is expected to reach 25 per cent next year, and shared views with them on Mongolia's experience in keeping the democratic values.
31,000 households to receive discounted electricity
December 9 (news.mn) According to the Air Quality Office, 31,000 households in six districts have qualified for discounted nighttime electric rates.
Also, 32,000 households in the Chingeltei, Sukhbaatar, Songinokhairkhan, Bayanzurkh, and Khan-Uul districts have purchased low-smoke stoves. The capital administration hopes that 70,000 households will eventually buy the stoves.
And some 10,000 households have taken ger insulation, and 60 households have installed floor heating apparatuses.
<Mogi & Friends Fund A/C>
+26.2%
Mogi & Friends Fund is a tiny fund of A$23K 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
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,203.00 | -77.70 | -1.82% | 4,259.60 | 4,280.70 | 4,186.10 | - | 9-Dec | ||||
Nikkei 225 | 8,536.46 | -128.12 | -1.48% | 8,521.33 | 8,576.68 | 8,503.03 | - | 9-Dec | |||||
Hang Seng | 18,586.23 | -521.58 | -2.73% | 18,721.16 | 18,840.93 | 18,511.42 | - | 9-Dec | |||||
FTSE 100 | 5,529.21 | 45.44 | 0.83% | 5,483.77 | 5,540.52 | 5,440.86 | - | 9-Dec | |||||
TSX Composite | 12,034.75 | 82.96 | 0.69% | 11,964.55 | 12,068.34 | 11,957.96 | - | 9-Dec | |||||
S&P 500 | 1,255.19 | 20.84 | 1.69% | 1,234.48 | 1,258.25 | 1,234.48 | - | 9-Dec | |||||
ASX | Aspire Mining | A$ | 0.315 | -0.005 | -1.56% | 0.315 | 0.315 | 0.305 | 540,220 | 9-Dec | -34.38% | -29.21% | |
Blina Minerals | A$ | 0.006 | 0 | 0.00% | 0.006 | 0.006 | 0.005 | 1,578,333 | 9-Dec | -60.00% | -57.14% | ||
C@ | A$ | 0.042 | 0 | 0.00% | 0.041 | 0.042 | 0.04 | 0 | 25-Nov | 50.00% | 90.91% | ||
General Mining | A$ | 0.054 | 0.001 | 1.89% | 0.054 | 0.054 | 0.054 | 50,000 | 9-Dec | -55.00% | -50.91% | ||
Guildford Coal | A$ | 0.76 | -0.045 | -5.59% | 0.78 | 0.805 | 0.75 | 264,260 | 9-Dec | 4.11% | 14.29% | ||
Haranga Resources | A$ | 0.335 | -0.01 | -2.90% | 0.34 | 0.35 | 0.335 | 244,821 | 9-Dec | -47.66% | -35.58% | ||
Hunnu Coal | A$ | 1.795 | 0 | 0.00% | 1.78 | 1.795 | 1.78 | 0 | 16-Nov | 34.46% | 45.34% | ||
Modun Resources | A$ | 0.05 | 0 | 0.00% | 0.051 | 0.051 | 0.049 | 972,948 | 9-Dec | 400.00% | 400.00% | ||
Mongolian Res Corp | A$ | 0.16 | 0.03 | 23.08% | 0.155 | 0.16 | 0.155 | 130,500 | 9-Dec | -55.56% | |||
Robe Australia | A$ | 0.022 | 0 | 0.00% | 0.022 | 0.025 | 0.022 | 3,421,717 | 9-Dec | 135.29% | 187.58% | ||
Voyager Resources | A$ | 0.07 | -0.001 | -1.41% | 0.071 | 0.071 | 0.068 | 2,423,434 | 9-Dec | 30.54% | 85.50% | ||
Xanadu Mines | A$ | 0.36 | -0.025 | -6.49% | 0.36 | 0.365 | 0.36 | 42,000 | 9-Dec | -36.28% | |||
MSE A Board | Aduunchuluun | MNT | 6,380 | 30 | 0.47% | 6,350 | 6,400 | 6,350 | 356 | 9-Dec | -20.25% | -23.41% | |
APU | MNT | 3,340 | -15 | -0.45% | 3,351 | 3,351 | 3,303 | 3,079 | 9-Dec | 67.84% | 85.66% | ||
Atar Urguu | MNT | 38,000 | 0 | 0.00% | 38,000 | 38,000 | 38,000 | 0 | 2-Dec | 111.11% | |||
Baganuur | MNT | 11,000 | 0 | 0.00% | 11,000 | 11,000 | 10,910 | 131 | 9-Dec | 4.76% | 9.99% | ||
Mogoin Gol | MNT | 25,000 | 0 | 0.00% | 25,000 | 25,000 | 25,000 | 348 | 9-Dec | 111.86% | 141.55% | ||
BDSec | MNT | 3,700 | 0 | 0.00% | 3,700 | 3,700 | 3,700 | 0 | 8-Dec | 48.00% | 54.17% | ||
Bayangol Hotel | MNT | 36,500 | 500 | 1.39% | 36,500 | 36,500 | 36,500 | 9 | 9-Dec | 52.72% | 55.45% | ||
Bayanteeg | MNT | 23,700 | 0 | 0.00% | 23,700 | 23,751 | 23,700 | 0 | 7-Dec | 392.62% | |||
UB BUK | MNT | 33,000 | 0 | 0.00% | 33,000 | 33,000 | 33,000 | 20 | 9-Dec | 626.07% | |||
Eermel | MNT | 2,625 | -175 | -6.25% | 2,650 | 2,800 | 2,601 | 402 | 9-Dec | -8.70% | 7.14% | ||
Gobi | MNT | 4,700 | -90 | -1.88% | 4,800 | 4,800 | 4,700 | 274 | 9-Dec | -16.07% | -16.81% | ||
Gutal | MNT | 2,295 | 0 | 0.00% | 2,295 | 2,295 | 2,295 | 0 | 29-Nov | 227.86% | |||
Hi B Oil | MNT | 200 | 0 | 0.00% | 200 | 200 | 200 | 0 | 1-Dec | 11.11% | 17.65% | ||
Khukh Gan | MNT | 180 | 0 | 0.00% | 180 | 180 | 180 | 2 | 9-Dec | -3.74% | 12.50% | ||
Hermes Centre | MNT | 61 | 0 | 0.00% | 61 | 61 | 61 | 0 | 8-Dec | 12.96% | 17.31% | ||
Jenko Tour Bureau | MNT | 93 | -1 | -1.06% | 91 | 93 | 90 | 495 | 9-Dec | -1.06% | 2.20% | ||
Telecom Mongolia | MNT | 2,650 | -51 | -1.89% | 2,701 | 2,701 | 2,650 | 215 | 9-Dec | -24.29% | -27.40% | ||
Mongolia Dev Res | MNT | 1,250 | 0 | 0.00% | 1,250 | 1,250 | 1,250 | 0 | 30-Nov | -3.85% | 0.00% | ||
Moninjbar | MNT | 140 | 0 | 0.00% | 140 | 140 | 140 | 0 | 8-Dec | 21.74% | |||
Mongol Nekhmel | MNT | 2,450 | 0 | 0.00% | 2,450 | 2,450 | 2,400 | 0 | 5-Dec | 88.46% | 104.17% | ||
Hotel Mongolia | MNT | 798 | 0 | 0.00% | 798 | 798 | 798 | 95 | 9-Dec | 37.82% | |||
Darkhan Nekhii | MNT | 6,799 | 0 | 0.00% | 6,700 | 6,799 | 6,650 | 0 | 8-Dec | 38.76% | 35.98% | ||
Nak Tulsh | MNT | 181 | 0 | 0.00% | 181 | 181 | 180 | 0 | 5-Dec | -44.31% | -47.54% | ||
Olloo | MNT | 187 | 24 | 14.72% | 187 | 187 | 187 | 4,418 | 9-Dec | 24.67% | 16.88% | ||
Remikon | MNT | 189 | 3 | 1.61% | 185 | 189 | 185 | 60,111 | 9-Dec | 162.50% | 162.50% | ||
Sharyn Gol | MNT | 11,600 | -350 | -2.93% | 11,950 | 11,950 | 11,600 | 1,210 | 9-Dec | 10.48% | 13.71% | ||
Shivee Ovoo | MNT | 15,000 | 0 | 0.00% | 15,800 | 15,800 | 15,000 | 0 | 8-Dec | 15.38% | 15.38% | ||
Sor | MNT | 3,600 | 200 | 5.88% | 3,399 | 3,600 | 3,001 | 3,166 | 9-Dec | 380.00% | 350.00% | ||
Suu | MNT | 65,000 | 0 | 0.00% | 65,500 | 65,500 | 65,000 | 0 | 6-Dec | 209.72% | |||
Tav | MNT | 32,000 | 0 | 0.00% | 32,000 | 32,000 | 32,000 | 0 | 8-Dec | ||||
Talkh Chikher | MNT | 10,300 | 0 | 0.00% | 10,300 | 10,300 | 10,300 | 0 | 8-Dec | 178.38% | 202.94% | ||
Tavantolgoi | MNT | 10,500 | 0 | 0.00% | 10,600 | 10,600 | 10,000 | 0 | 8-Dec | 82.29% | 98.11% | ||
State Dept Store | MNT | 475 | -23 | -4.62% | 471 | 498 | 471 | 2,596 | 9-Dec | 10.47% | 12.56% | ||
Ulaanbaatar Hotel | MNT | 50,000 | 0 | 0.00% | 50,000 | 50,000 | 50,000 | 0 | 8-Dec | 81.82% | 88.67% | ||
Mongol Savkhi | MNT | 2,100 | 0 | 0.00% | 2,100 | 2,100 | 2,100 | 0 | 5-Dec | 281.82% | 281.82% | ||
Zoos Goyol | MNT | 800 | -30 | -3.61% | 800 | 800 | 800 | 35 | 9-Dec | 1.27% | 2.56% | ||
HKEx | Solartech Int’l | HKD | 0.206 | -0.001 | -0.48% | 0.201 | 0.207 | 0.199 | 5,310,511 | 9-Dec | -78.54% | -79.40% | |
Winsway | HKD | 2.5 | -0.12 | -4.58% | 2.58 | 2.62 | 2.48 | 6,465,000 | 9-Dec | -44.37% | -41.22% | ||
SouthGobi Resources | HKD | 53.3 | -0.75 | -1.39% | 54 | 54 | 53.3 | 4,450 | 9-Dec | -46.43% | -43.48% | ||
China Gold | HKD | 20.65 | -1.2 | -5.49% | 21.25 | 21.25 | 20.3 | 93,600 | 9-Dec | -50.83% | -53.07% | ||
CNNC Int’l | HKD | 2.02 | 0 | 0.00% | 2.01 | 2.05 | 1.98 | 383,000 | 9-Dec | -76.78% | -76.46% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 9-Dec | -34.28% | -36.98% | ||
Mongolia Energy | HKD | 0.79 | -0.02 | -2.47% | 0.8 | 0.8 | 0.78 | 6,957,500 | 9-Dec | -65.95% | -67.89% | ||
Zijin Mining | HKD | 3.36 | -0.13 | -3.72% | 3.32 | 3.42 | 3.32 | 24,345,196 | 9-Dec | -28.77% | -29.74% | ||
Mongolia Inv Group | HKD | 0.044 | 0 | 0.00% | 0.042 | 0.044 | 0.04 | 6,018,000 | 9-Dec | -70.27% | -68.79% | ||
North Asia Resources | HKD | 0.248 | 0.007 | 2.90% | 0.249 | 0.25 | 0.24 | 2,404,400 | 9-Dec | -72.75% | -79.84% | ||
China Daye Non-Fer. | HKD | 0.44 | -0.02 | -4.35% | 0.45 | 0.46 | 0.43 | 13,556,000 | 9-Dec | -21.43% | -13.73% | ||
Bestway Int’l | HKD | 0.066 | 0.0583 | 757.14% | 0.067 | 0.073 | 0.065 | 3,945,000 | 9-Dec | -53.19% | -51.47% | ||
Asia Coal | HKD | 0.102 | -0.003 | -2.86% | 0.095 | 0.102 | 0.095 | 310,000 | 9-Dec | -59.20% | -62.22% | ||
Mongolian Mining | HKD | 6.06 | -0.12 | -1.94% | 6.01 | 6.14 | 6 | 1,317,000 | 9-Dec | -33.19% | -30.10% | ||
SGX | LionGold | SGD | 0.86 | 0 | 0.00% | 0.86 | 0.865 | 0.855 | 9,019,000 | 9-Dec | 17.81% | 38.71% | |
LSE | Central Asia Metals | GBp | 55.5 | 0 | 0.00% | 55.5 | 55.5 | 55.5 | 0 | 9-Dec | -38.50% | -37.29% | |
Petro Matad | GBp | 29 | 6.25 | 27.47% | 22.75 | 29.25 | 22.75 | 751,469 | 9-Dec | -76.23% | -69.63% | ||
Metal-Tech | GBp | 4.625 | 0 | 0.00% | 4.625 | 4.625 | 4.625 | 0 | 9-Dec | -70.16% | -66.96% | ||
Origo Partners | GBp | 36 | 1.5 | 4.35% | 34.5 | 36 | 34.5 | 77,636 | 9-Dec | -12.20% | -15.29% | ||
Tembusu | GBp | 2.375 | 0 | 0.00% | 2.375 | 2.375 | 2.375 | 0 | 9-Dec | 5.56% | |||
North America | Aberdeen Int’l | CAD | 0.66 | 0.04 | 6.45% | 0.65 | 0.66 | 0.65 | 162,985 | 9-Dec | -18.38% | 5.85% | |
Blue Zen Mem. Parks | CAD | 0.15 | 0 | 0.00% | 0.15 | 0.15 | 0.15 | 500 | 9-Dec | ||||
Centerra Gold | CAD | 22.05 | -0.46 | -2.04% | 22.79 | 22.87 | 21.81 | 331,242 | 9-Dec | 13.52% | 7.14% | ||
China Gold | CAD | 2.79 | 0.11 | 4.10% | 2.71 | 2.8 | 2.71 | 117,190 | 9-Dec | -48.62% | -47.26% | ||
Denison Mines | CAD | 1.46 | 0.03 | 2.10% | 1.46 | 1.47 | 1.43 | 586,770 | 9-Dec | -57.18% | -56.80% | ||
Denison Mines | USD | 1.425 | 0.025 | 1.79% | 1.41 | 1.439 | 1.3999 | 686,743 | 9-Dec | -58.33% | -57.34% | ||
East Asia Minerals | CAD | 0.73 | 0.01 | 1.39% | 0.71 | 0.73 | 0.71 | 134,160 | 9-Dec | -90.92% | -89.60% | ||
Entree Gold | USD | 1.23 | -0.04 | -3.15% | 1.27 | 1.27 | 1.23 | 59,149 | 9-Dec | -64.45% | -57.29% | ||
Erdene Resource | CAD | 0.335 | -0.02 | -5.63% | 0.37 | 0.39 | 0.33 | 311,912 | 9-Dec | -72.98% | -71.37% | ||
Entree Gold | CAD | 1.26 | -0.01 | -0.79% | 1.27 | 1.29 | 1.25 | 49,400 | 9-Dec | -63.69% | -56.55% | ||
Fortress Minerals | CAD | 4.44 | 0.42 | 10.45% | 4.02 | 4.44 | 4.02 | 1,600 | 9-Dec | 2.07% | 47.51% | ||
Garrison Int’l | CAD | 0.02 | 0 | 0.00% | 0.02 | 0.02 | 0.02 | 0 | 6-Dec | -77.78% | -66.67% | ||
Gulfside Minerals | CAD | 0.06 | 0 | 0.00% | 0.06 | 0.06 | 0.06 | 50,000 | 9-Dec | -36.84% | -42.86% | ||
Green Tech Solutions | USD | 0.06 | -0.005 | -7.69% | 0.06 | 0.06 | 0.05 | 329,033 | 9-Dec | -98.80% | |||
Ivanhoe Energy | CAD | 0.95 | 0.02 | 2.15% | 0.95 | 0.98 | 0.93 | 526,192 | 9-Dec | -65.07% | -63.32% | ||
Ivanhoe Energy | USD | 0.92 | 0.01 | 1.10% | 0.9145 | 0.95 | 0.9101 | 1,318,421 | 9-Dec | -66.18% | -64.48% | ||
Ivanhoe Mines | CAD | 22.22 | 0.44 | 2.02% | 21.58 | 22.25 | 21.56 | 1,334,542 | 9-Dec | -3.39% | -2.88% | ||
Ivanhoe Mines | USD | 21.78 | 0.52 | 2.45% | 21.06 | 21.85 | 21.02 | 3,777,668 | 9-Dec | -4.97% | -3.49% | ||
Kincora Copper | CAD | 0.29 | -0.03 | -9.38% | 0.29 | 0.29 | 0.275 | 8,000 | 9-Dec | 7.41% | 61.11% | ||
Khan Resources | CAD | 0.24 | 0.005 | 2.13% | 0.24 | 0.24 | 0.24 | 7,000 | 9-Dec | -50.00% | -42.17% | ||
Lucky Strike | CAD | 0.37 | 0 | 0.00% | 0.37 | 0.37 | 0.37 | 15,000 | 9-Dec | -74.48% | -70.63% | ||
Lucky Strike | USD | 0.3677 | 0 | 0.00% | 0.3677 | 0.3677 | 0.3677 | 0 | 5-Dec | -74.08% | -69.85% | ||
Meritus Minerals | CAD | 0.03 | -0.005 | -14.29% | 0.03 | 0.03 | 0.03 | 433,000 | 9-Dec | -85.00% | -81.25% | ||
Manas Petroleum | USD | 0.17 | 0 | 0.00% | 0.17 | 0.17 | 0.15 | 201,432 | 9-Dec | -71.67% | -68.52% | ||
Mongolia Growth Grp | USD | 4.0924 | 0.0069 | 0.17% | 4.2535 | 4.2535 | 4.0924 | 15,200 | 9-Dec | ||||
Blue Wolf Mongolia | USD | 9.55 | 0 | 0.00% | 9.51 | 9.55 | 9.51 | 0 | 5-Dec | ||||
Blue Wolf Mongolia | USD | 10.28 | 0 | 0.00% | 10.15 | 10.28 | 10.15 | 0 | 2-Dec | ||||
Manas Petroleum | CAD | 0.15 | -0.01 | -6.25% | 0.15 | 0.15 | 0.15 | 26,000 | 9-Dec | ||||
Prophecy Coal | CAD | 0.49 | 0 | 0.00% | 0.49 | 0.49 | 0.48 | 426,950 | 9-Dec | -43.33% | -42.17% | ||
Prophecy Coal | USD | 0.4865 | 0.0345 | 7.63% | 0.4779 | 0.4865 | 0.4865 | 89,500 | 9-Dec | -44.84% | -42.41% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.98 | -0.05 | -0.71% | 6.95 | 7.28 | 6.79 | 240,177 | 9-Dec | -42.69% | -43.48% | ||
Solomon Resources | CAD | 0.075 | 0.01 | 15.38% | 0.07 | 0.075 | 0.07 | 4,305 | 9-Dec | -65.12% | -53.13% | ||
Undur Tolgoi Minerals | CAD | 0.2 | 0 | 0.00% | 0.2 | 0.2 | 0.2 | 15,000 | 9-Dec | ||||
Mongolia Growth Grp | CAD | 4.18 | 0.03 | 0.72% | 4.34 | 4.34 | 4.18 | 12,300 | 9-Dec |
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"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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