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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BCM supports passing of the Draft Securities Law in this Parliament Session
January 3 (BCM) We are forwarding the attached Open Letter with Mongolian translation (non-official) from Mr. Bill Gorman who has completed his assignment at the MSE for the London Stock Exchange.
BCM strongly supports the passing of the draft Securities Law in this session of Parliament. The MSE's development urgently requires this legislation on a timely basis.
_____________________________________________________________________________________________
Dear Ministers, Government officials and others interested in the Mongolian Securities Market's modernization,
As I depart Mongolia, I feel duty bound to state that I strongly believe that successful and timely privatization of Erdenes Tavan Tolgoi (ETT) is dependent upon a proper Securities Markets law being promulgated by the current Parliament. My rationale is noted below. I have taken the liberty of copying those parties who have expressed interest in the draft law.
The current Securities Law is woefully deficient. It was built for a different time and different objectives than exist now. It was written with individual Mongolian citizen investors in mind and does not address the needs of institutional or foreign investors. It does not recognize the difference between beneficial owner and registered owner. It makes no provision for Custodians (financial institutions with legal responsibility for an investor's securities). It imposes requirements on companies "Listed" on the Mongolian Stock Exchange (MSE) that could make it difficult, if not impossible, for those companies to list their shares on other exchanges.
Without a proper law, ETT and other privatizations will encounter serious obstacles to their capital raising efforts and valuation of their shares because of deficiencies and limitations in the current Securities Markets Law.
The MSE has always been vitally interested in helping draft a suitable law. On September 1, 2011, I submitted in MSE's name, a draft to the Securities Law Working Group. That draft contained contributions from several international legal firms and market participants and was reviewed by multiple local and international entities. Many of the persons on this e-mail's courtesy-copy list were contributors to our submission. A very useful and near final review was performed by a securities market attorney at the World Bank.
The Working Group has amalgamated the various submissions it has received. I have not seen a full English language version of their current draft and have only reviewed and commented (in cooperation with the LSE/MSE team) on clauses 41 through 46 of their draft.
I have been advised that a draft law has been scheduled for submission to Parliament during the Spring 2012 session. That session does not begin until April and ETT's IPO (Initial Public Offering) is tentatively scheduled for March 2012. This late date poses several problems and is the reason I have written this e-mail.
Mongolian Law will require ETT to list at least 10% of their shares on the MSE. If a new Securities Markets Law is not promulgated in time, ETT may be caught in a legal bear trap (catch-22). Another problem is the Exchange's need to promulgate a proper set of Listing Rules and Prospectus rules. These rules must conform to the requirements of the Securities Markets Law as well as be approved by both the MSE Board of Directors and the Financial Regulatory Commission. These time constraints could be managed if the Parliament were to pass the law in the current session.
A modern Securities Markets Law that attracts investors is needed regardless of political affiliation – it affects every Mongolian citizen. The current law does not meet Mongolia's needs. It must be replaced if Mongolia's dreams are to be met. May I recommend that the Government of Mongolia make a final review of its Draft State Securities Markets law and place it before the State Great Hural for passage in the current Parliamentary session.
Wishing everyone the best,
Bill Gorman
DRG trading lower at 47-50c range from offer price of 50c
DRAIG RE‐LISTS ON ASX WITH FUNDING SECURED AND EXPLORATION UNDERWAY ON MONGOLIAN COAL LICENCES
January 4, Draig Resources Limited (ASX:DRG) --
HIGHLIGHTS:
• New Mongolian coal company established following acquisition of eight highly prospective coal licences
• $17 million in new capital raised provides sufficient funds for licence acquisition, 2012 exploration programme, further acquisitions, working capital
• Exploration programme planned, maiden JORC‐resource expected Q1 2012
• Geophysical survey commenced to identify potential black coal extensions on Teeg licence
• Draig seeking further coking coal opportunities in Mongolia and Indonesia
Mongolian coal explorer Draig Resources Ltd (ASX: DRG) ("Draig" or the "Company") advises that the Company's shares have re‐listed on the Australian Securities Exchange, following the completion of a capital raising and the acquisition of eight coal licences in Mongolia's Ovorhangay and South Gobi Provinces.
Draig successfully completed a $17 million capital raising via the issue of 34,000,000 shares under priority and general share offers. The funds have been used to complete the purchase of eight highly prospective Mongolian coal licences through the acquisition of BDBL LLC, previously a subsidiary of Peabody‐Winsway.
Importantly, the Company now has sufficient funds for its 2012 exploration, further coal acquisitions and necessary working capital.
Draig Managing Director Mark Earley said: "We now have the financial capacity to move forward with the development of what we believe will be a very good quality coal project. We will continuedrilling through the coming Mongolian winter months, with the aim of establishing a JORC compliant resource on the Project early this year."
Draig recently announced that it had commenced a geophysical survey to identify the potential black coal extensions within the Teeg licence, located in the Ovorhangay Province. The survey is currently being undertaken, having stopped briefly for the Christmas/New Year period, and will allow Draig to identify key drilling targets for its 2012 exploration programme which it intends to commence immediately after the geophysics analysis work has been completed.
NAR down 4.50% Tuesday
NAR: ADJUSTMENT OF CONVERSION PRICE OF THE US$30 MILLION UNLISTED CONVERTIBLE BONDS ADJUSTMENT TO THE CONVERSION PRICE
January 3, North Asia Resources Holdings Limited (HK:61) --
References are made to the announcements of North Asia Resources Holdings Limited (the "Company", together with its subsidiaries, the "Group") dated 9 February 2011, 18 February 2011 and 15 December 2011 (the "Announcements"). Unless otherwise defined, capitalised terms used herein shall bear the same meanings as in the Announcements.
Pursuant to the terms of the US$30M Convertible Bonds, the US$30M CB Conversion Price will be adjusted if the average closing price of one Share on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Year-end-month Average Closing Price") as quoted in the official daily quotation sheet of the Stock Exchange (or the equivalent) for all the Stock Exchange dealing days on which dealings in the Shares on the Stock Exchange took place during the month in which the financial year-end day of the Company falls (the "Year-end-month") in any calendar year plus a premium of 15% thereof, is lower than the respective applicable US$30M CB Conversion Price then in force.
The Year-end-month Average Closing Price as quoted in the official daily quotation sheet of the Stock Exchange for all the Stock Exchange dealing days on which dealings in the Shares on the Stock Exchange took place during the Year-end-month (that is, December) in the year 2011 was HK$0.235 per Share, and such Year-end-month Average Closing Price plus a premium of 15% thereof is HK$0.27 per Share and is lower than the respective applicable US$30M CB Conversion Price of HK$1.30 per US$30M CB Conversion Share in force.
Therefore, the respective applicable US$30M CB Conversion Price has been adjusted to HK$0.27 per Conversion Share (the "Adjusted Conversion Price") with effect from 3 January 2012.
Based on the Adjusted Conversion Price of HK$0.27 per Conversion Share and the aggregate principal amount of the Convertible Bonds of US$30 million, in the event that the US$30M Convertible Bonds are fully converted, a total number of new 861,111,111 Conversion Shares will be issued, representing approximately 75.67 % of the existing issued share capital of the Company of 1,138,007,578 Shares as at the date of this announcement.
China Daye: Circulars – [Very Substantial Acquisition]
January 3, China Daye Non-Ferrous Metals Mining Limited (HK:661) --
(1) VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION
(2) REVERSE TAKEOVER INVOLVING A NEW LISTING APPLICATION
(3) APPLICATION FOR WHITEWASH WAIVER
(4) PROPOSED GRANT OF SPECIFIC MANDATE
AND
(5) CONTINUING CONNECTED TRANSACTIONS
…
INFORMATION ON THE GROUP
The Group is principally engaged in corporate investment and trading in securities, mineral exploitation and trading in non-ferrous metals.
…
Aleinuer Mine
Reservoir Moly is a joint venture company established in Mongolia which is 55%-owned by CRML and 45%-owned by the Mongolian JV Partner. CRML, in turn, is 51%-owned by the Company. Reservoir Moly currently holds the mining right to the Aleinuer Mine. The Aleinuer Mine is a molybdenum mine situated in Sukhbaatar, Mongolia, which occupies an aggregate area of approximately 2.27 sq. km as stated in its mining licence. According to the Competent Person's Report on the Aleinuer Mine prepared in accordance with the JORC Code, the Aleinuer Mine had, as at 1 July 2011, inferred molybdenum mineral resources of approximately 10 million tonnes (based on an assumed long-term molybdenum price of US$15 per pound and a 0.06% of molybdenum content cutoff). The Aleinuer Mine has yet to commence commercial production. As at the Latest Practicable Date, exploration works at the Aleinuer Mine have been completed.
Burentsogt Mine and Sala Mine
Reservoir Moly currently holds the mining right to the Burentsogt Mine. Reservoir Mongolia LLC, which is 51%-owned by the Company, currently holds the mining right to the Sala Mine.
The Burentsogt Mine and Sala Mine are wolfram mines situated in Munkhkhaan and Sukhbaatar, Mongolia, respectively. It is not the Company's intention to develop those mines as, given the insignificant amount of the wolfram deposits projected by the technical studies which have previously been conducted by the technical staff of CRML and the mining engineers of the Parent Company, the Company does not consider it economical to incur substantial costs in the construction of infrastructure facilities to develop those mines. The Company is currently actively exploring opportunities for the disposal of the Burentsogt Mine and Sala Mine.
The Company has applied for, and the Stock Exchange has granted , a waiver from strict compliance with the requirement under Rule 18.05 (1) of the Listing Rules to prepare a competent person's report in respect of the resources of each of the Burentsogt Mine and Sale Mine. Please refer to the section headed "Waivers from Strict Compliance with the Listing Rules" in this circular for further details.
…
MMC closed +1.03% to HK$5.90
MCS Reduces MMC Stake by 0.54% for Non-Cash Consideration
January 3 (Mogi) Substantial Holder Notice dating January 3 states MCS reduced its stake in Mongolian Mining Corporation (HK:975) on December 28 from 43.99% to 43.45% or 19,706,308 shares off market for an average non-cash consideration of HK$5.94.
CG closed +3.06% Tuesday
Centerra Gold Sees Continued Pressure From Wage Inflation, Higher Oil Prices
January 3 (Gold Investing News) Continued pressure from wage inflation and high oil prices are going to play a role in the rising gold production costs, said Toronto-based, Centerra Gold (TSX:CG), Vice-President of Investor Relations, John Pearson. But the gold producer is trying to cut costs and increase efficiency to combat rising expenses.
"The biggest cost impact for us is wages due to inflation," Pearson said. "Diesel prices are a big impact now. We source our fuel from Russia for both Kyrgyz Republic and Mongolia, and it is very difficult to hedge that material. You don't hedge much on that. Both these countries get fuel at a price that is at a slight discount to world prices. What we try to do is contain our costs. We have renewed the mining fleet at Kumtor (mine) so our productivity is actually going up and is offsetting a bit of that inflation on the cost side of things."
In their third quarter of 2011, revenue rose to $278.4 million from $119.9 million in the year-ago quarter as the price of gold rose sharply. Centerra realized an average gold price of $1,705 per ounce for the third quarter of 2011, an increase from the $1,237 per ounce realized in the same quarter of 2010.
"We do not predict or forecast the price of gold," Pearson said. "Looking at the economic situation, the picture is not all that rosy and it would not surprise me to that gold prices continue to increase."
The median estimate in a Bloomberg survey of 44 traders and analysts is for gold prices to rally as much as 40 percent to $2,140 an ounce in 2012. Bullion was trading at $1,530.07 on December 29, below this year's average of $1,572.47 and six times more than when the bull market began in 2001.
Despite no sign of the gloom and doom fading on the global economic front, Centerra upped its consolidated gold production guidance to a range of 640,000 to 660,000 ounces from 600,000 to 650,000 ounces for 2011. The Kumtor mine, in the Kyrgyz Republic, is expected to produce 580,000 to 600,000 ounces in 2011, up from the previous guidance of 550,000 to 600,000. At the Boroo mine in Mongolia, gold production is forecast to be approximately 60,000 ounces, higher than the previous estimate of about 50,000 ounces.
In early December, Centerra moved quickly to settle a supply disruption of diesel and other materials to its Kumtor mine due to an illegal road block. "There was a slight disruption by a group blocking the road to our marshalling facilities in Balykchy, which is some 270 kilometers from the mine," Pearson said. "There is no disruption now and the mill facility continues to operate at capacity and the interruption will not affect our 2011 production and cost guidance."
Pearson said he could not give a timeline regarding when the government of Mongolia would give the green light for Centerra's Gatsuurt facility to start mining. Centerra ceases mining at Gatsuurt, which is adjacent to Boroo, in December 2010 and currently processes stockpiled material there.
"We are waiting the final approval to commence mining there. I do not have a timetable to give you," Pearson said. "We are awaiting issuance of the final operating permit from the Mongolian government. There is a piece of legislation regarding water basins and forested areas passed in the spring of 2009 and there were some amendments proposed and those amendments have yet to be taken up by the parliament. If those amendments are approved we can get to work pretty quickly. It is up to the parliamentary agenda."
In addition to the Kyrgyz Republic and Mongolia, Centerra has also two exploration joint ventures – Kara Beldyr and Dvoinoy — in Russia. "We are doing surface work, including drilling," Pearson said of the Russia operations. "For instance at our Kara Beldyr property, we are getting encouraging results and will probably have a resource estimate on that soon."
Centerra also has exploration properties in Turkey, China and a joint venture in Nevada. And with $537 million in cash at the end of the third quarter, the company has enough money to fund its operations. "We are building cash as we sell more gold. We are meeting all of our capital requirements from the operating cash flow. We paid a $100 million in dividends this year. Even with that, our cash surpluses have continued."
IVN closed +5.08% in NY, +4.04% in Toronto
Shares of Ivanhoe Mines Receive a Boost, Up 3.6%
January 3 (FNN) One of today's notable stocks on the rise is Ivanhoe Mines (NYSE:IVN), up 3.6% to $18.36. The Dow is trading fractionally higher to 12,221 and the S&P is currently trading fractionally higher to 1,259.
Ivanhoe Mines Ltd. explores for and develops gold, copper, uranium, and coal. The Company operates in Mongolia, China, and Australia.
Ivanhoe Mines has overhead space with shares priced $18.36, or 24.9% below the average consensus analyst price target of $24.44. Ivanhoe Mines shares should first meet resistance at the 50-day moving average (MA) of $19.40 and find additional resistance at the 200-day MA of $22.15.
Over the past year, Ivanhoe Mines has traded in a range of $12.11 to $29.29 and is now at $18.36, 52% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.
Dep. Chairman's Interest in Ivanhoe Reduced by 15K
January 4 (Mogi) According to a "Director's/Chief Executive's Notice – Interests in Shares of Associated Corporation" sent to SouthGobi Resources, Deputy Chairman of Ivanhoe Mines Mr. Peter Meredith's spouse sold 15,000 IVN shares at an average price of C$18.23 on December 27 out of the 20,000 shares she bought at C$21,56 on average on December 5.
Mongolian stock market second-highest performing in 2011
January 4 (news.mn) According to a survey by the website businessinsider.com, the Mongolian stock market was the second-best performing exchange in the world in 2011, finishing the year up a whopping 32.6 percent. Only the Venezuela Caracas Stock Exchange performed better, rising an astonishing 80.8 percent.
For the survey, the website calculated yearly returns for some 100 global exchanges to see how indexes compared to each other. It found that less than 15 percent of markets finished the year in positive territory. The worst performer was the Cyprus Stock Exchange General Index, which fell 75.8 percent.
APPROVAL OF TENDER OFFER FOR SHARES OF "ERDENES KHUNS" JSC
January 3 (MSE) According to resolution No.384 of Financial Regulatory Committee of Dec23, 2011, tender offer to purchase at minimum of 1184 per shares of 63.21 percent or 249,223 shares of "Erdenes Khuns" JSC to Ganbaatar.B "Chingis Khan Engineering Group" JSC who owns 36.79 percent or 145,075 shares of total "Erdenes Khuns" JSC has been approved. Tender offering will be effective for 60 business days from December 23, 2011.
Coal Mongolia 2012: Uhaa Khudag Field Trip
January 3 (Coal Mongolia 2012) Ministry of Mineral Resource and Energy, National Development and Innovation Committee and Mongolian mining portal – Mining.mn are organizing "Coal Mongolia-2012" conference, in which "Energy Resource" LLC collaborating to organize Field Trip to Uhaa Khudag on 11th February .
During the Field trip the participants can observe world standard technology and mining operation right on the site.
"Energy Resource" LLC's Ukhaa Hudag site is located in Tsogttsetsii soum area and is 540 km from South of Ulaanbaatar city and 90km from Umnugobi Aimag's Dalanzadgad city.
Established in 2009 the Energy Resource's mining site has implemented many technological, infrastructure, international and social projects such as the Mongolia's first coal processing plant, built its own 18 Megawatts power plant, water supply system, built 245 km industrial paved road, constructed workers apartment building.
Railway transportation tariff to increase
January 3 (news.mn) The Mongolian National Transportation Agencies Union says railway transportation organizations in Mongolia will increase the transportation tariff.
The move follows China's announcement that it would increase transportation tariffs on containers beginning January 1, 2012.
Officials say China's tariff increase has prompted Mongolian companies to do the same.
Forecast: Mongolia's economy to be second fastest-growing in 2012
January 3 (news.mn) Mongolia will be the world's second-fastest growing economy this year, according to a forecast by the Economist Intelligence Unit (EIU).
The EIU's "World in 2012" report predicts Mongolia's economy will grow by 14.8 percent in 2012, just behind Macau, which is predicted to grow by 15 percent.
Next in the ranking come two oil-rich states bouncing back from years of war and internal conflicts: Libya (up 13.6 percent) and Iraq (10.9 percent).
In more good news for Mongolia, the EIU expects China to grow by a healthy 8.2 percent this year, although the EIU is worried about the country's growing debt.
Taiwanese diplomat discusses relations with Mongolia
January 3 (news.mn) Edmund Tseng, outgoing head of the Taipei Trade and Economic Representative office in Ulaanbaatar, recently spoke with our correspondent about relations between Taiwan and Mongolia.
Q: How long have you been here in Mongolia?
A: It has been more than three years. For me it was like yesterday. Time went very quickly.
Q: Winter must seem extremely cold to you here in Mongolia. How did you get used to it?
A. During the first year I did not get used to it. The cold winter was not familiar to me. But the second and third years became better to me. I even visited some aimags like Arkhangai, Uvurkhangai, Tuv, Dornod, Khuvsgul, Khentii, and also Darkhan Uul. Mongolia is a beautiful country. Before I came here I did not know about Mongolia. Since I came here, I have found it to be very nice. Although winter is cold, friendship is warm. Your people are very nice. In my third year in Mongolia I invited my family to Mongolia. They enjoyed the summer.
Q: I was told that you are leaving for your home country soon. Since you have been here in Mongolia more than three years, you must be "Mongolized" by now.
A: I am half Mongolian and half Taiwanese. I have so many Mongolian friends. They say that I am almost a Mongolian.
Q: I was told that an increasing number of Mongolian students have been granted scholarships to Taiwanese universities since you came here.
A: First of all, before I came, less than 300 students were studying in Taiwan. But each year it was different. Because, while some of them come, others leave after they complete their studies. But now there are 550 Mongolian students studying in Taiwan. The number of students has increased from 200 to 550 in three years. This is the first point. The second is that Taiwan is interested in increasing and promoting our student exchange programs. Because we think this is good for your younger generation to promote understanding between Mongolia and Taiwan. It is very important for the future. Since coming to Mongolia, I have focused on many things. Among them is increasing scholarships. We hope more scholarships will be offered to Mongolian students. Last year only 100 scholarships were offered to Mongolians by all our universities. But this year we will give 300 Mongolian students scholarships.
Q: What about Taiwanese students? Are they interested in studying in Mongolia? How many Taiwanese students are here in Ulaanbaatar?
A: I should say very few students are studying in Mongolia for several reasons. More than before, but the rate is increasing very slowly. One reason is visa difficulties. Even me, as an ambassador, it is tough to get a visa. … Currently 125 countries grant Taiwan free landing visas. So there are 125 countries we Taiwanese can go without a visa. However Mongolia is not one of them….
This is not a political thing. The Cold War is over. Mongolia, Taiwan, and China are friends. Now, Taiwanese can go to China without a visa. In September, the United States announced publicly that Taiwan can be a candidate for a free visa. … I hope my successor will continue to encourage students, tourists, and businessmen to come to Mongolia. But I am afraid they might go to United States instead of Mongolia.
Q: In what field are Taiwanese businessmen interested in cooperating with Mongolians?
A: They are interested in Mongolian cashmere and milk products and mutton. In Taiwan mutton is very expensive. But very few people come because of this visa problem.
Q: What is the reason behind more Mongolian students wanting to study in Taiwan?
A: Living conditions are very good in Taiwan and it is also a safe place to study. Once they get a degree they want to study further to get a master's or a doctorate. In comparison to Western and European countries, tuition is lower in Taiwan. And the quality is almost the same. We hope more and more students return to Mongolia to contribute to development in the future.
Q: Mongolia has vast natural resources. Everyone talks about it. In your opinion is it an advantage or a disadvantage?
A: Natural resources are a gift. They are always good. Do not say that it is not good. But how to develop it, how to engage your people's wisdom, power, and strength is the important thing.
Number of tourists increased in 2011
January 3 (news.mn) Tourism officials say about 460,000 tourists came to Mongolia in 2011, a 0.7 percent increase over 2010.
Tourism revenue was estimated at USD 190.7 million in 2011. Tourists came from South Korea, Japan, the United States, Germany, Great Britain, Russia, China, and other countries. About 40 percent of the tourists came from China. The next highest number came from Russia.
The Ministry of Nature, Environment and Tourism has made efforts to increase tourism and took part in an international tourism exhibit in South Korea.
The ministry hopes to reach a million tourists by 2015 and the Government has goals to develop tourism. For example, the "Tea Road" and Kharkhorum projects are intended to boost tourism.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,101.20 | 44.60 | 1.10% | 4,069.30 | 4,108.10 | 4,069.10 | - | 3-Jan | ||||
Nikkei 225 | 8,455.35 | 56.46 | 0.67% | 8,434.90 | 8,455.35 | 8,415.56 | - | 30-Dec | |||||
Hang Seng | 18,877.41 | 443.02 | 2.40% | 18,770.64 | 18,886.12 | 18,724.17 | - | 3-Jan | |||||
MSE Top 20 | 21,255.30 | 166.60 | 0.79% | 21,255.30 | 21,255.30 | 21,255.30 | - | 3-Jan | |||||
FTSE 100 | 5,699.91 | 127.63 | 2.29% | 5,572.28 | 5,699.91 | 5,572.28 | - | 3-Jan | |||||
TSX Composite | 12,208.43 | 253.34 | 2.12% | 12,097.23 | 12,216.76 | 11,955.94 | - | 3-Jan | |||||
S&P 500 | 1,277.06 | 19.46 | 1.55% | 1,258.86 | 1,284.62 | 1,258.86 | - | 3-Jan | |||||
ASX | Aspire Mining | A$ | 0.36 | -0.01 | -2.70% | 0.365 | 0.37 | 0.355 | 521,657 | 3-Jan | -2.70% | -25.00% | |
Blina Minerals | A$ | 0.005 | 0 | 0.00% | 0.005 | 0.005 | 0.005 | 404,080 | 3-Jan | 0.00% | -66.67% | ||
Draig Resources | A$ | 0.042 | 0 | 0.00% | 0.041 | 0.042 | 0.04 | 0 | 25-Nov | 50.00% | |||
FeOre | A$ | 0.28 | 0 | 0.00% | 0.28 | 0.28 | 0.28 | 0 | 28-Dec | 0.00% | |||
General Mining | A$ | 0.04 | -0.001 | -2.44% | 0.041 | 0.042 | 0.04 | 40,000 | 3-Jan | -2.44% | -66.67% | ||
Guildford Coal | A$ | 0.74 | -0.01 | -1.33% | 0.73 | 0.74 | 0.71 | 64,064 | 3-Jan | -1.33% | 1.37% | ||
Haranga Resources | A$ | 0.28 | -0.005 | -1.75% | 0.285 | 0.285 | 0.28 | 120,526 | 3-Jan | -1.75% | -56.25% | ||
Hunnu Coal | A$ | 0 | |||||||||||
Modun Resources | A$ | 0.047 | 0.002 | 4.44% | 0.044 | 0.048 | 0.044 | 433,000 | 3-Jan | 4.44% | 370.00% | ||
Mongolian Res Corp | A$ | 0.125 | 0 | 0.00% | 0.125 | 0.125 | 0.125 | 0 | 30-Dec | 0.00% | |||
Robe Australia | A$ | 0.015 | 0.001 | 7.14% | 0.015 | 0.016 | 0.015 | 667,666 | 3-Jan | 7.14% | 60.43% | ||
Voyager Resources | A$ | 0.07 | 0.002 | 2.94% | 0.068 | 0.072 | 0.068 | 3,364,842 | 3-Jan | 2.94% | 30.54% | ||
Xanadu Mines | A$ | 0.34 | -0.005 | -1.45% | 0.335 | 0.34 | 0.335 | 43,000 | 3-Jan | -1.45% | -39.82% | ||
MSE A Board | Aduunchuluun | MNT | 6,400 | 250 | 4.07% | 6,300 | 6,400 | 6,300 | 159 | 3-Jan | 6.67% | -20.00% | |
APU | MNT | 4,050 | 50 | 1.25% | 4,000 | 4,099 | 3,990 | 977 | 3-Jan | -3.57% | 103.52% | ||
Atar Urguu | MNT | 0 | |||||||||||
Baganuur | MNT | 11,999 | -501 | -4.01% | 12,499 | 12,500 | 11,600 | 1,044 | 3-Jan | -8.40% | 19.99% | ||
Mogoin Gol | MNT | 30,000 | -2000 | -6.25% | 30,000 | 30,000 | 30,000 | 54 | 3-Jan | -3.23% | 154.24% | ||
BDSec | MNT | 3,500 | 0 | 0.00% | 3,500 | 3,500 | 3,500 | 100 | 3-Jan | 0.00% | 40.00% | ||
Bayangol Hotel | MNT | 35,950 | 0 | 0.00% | 35,950 | 35,950 | 35,950 | 0 | 30-Dec | 0.00% | 50.42% | ||
Bayanteeg | MNT | 36,000 | 0 | 0.00% | 36,000 | 36,000 | 36,000 | 0 | 30-Dec | 0.00% | |||
UB BUK | MNT | 32,500 | 0 | 0.00% | 32,500 | 32,500 | 32,500 | 0 | 30-Dec | 0.00% | 584.21% | ||
Eermel | MNT | 2,703 | -97 | -3.46% | 2,703 | 2,703 | 2,703 | 31 | 3-Jan | -3.46% | -3.46% | ||
Gobi | MNT | 5,250 | 169 | 3.33% | 5,100 | 5,250 | 5,100 | 755 | 3-Jan | 1.94% | -6.25% | ||
Gutal | MNT | 2,850 | 150 | 5.56% | 2,700 | 2,850 | 2,700 | 186 | 3-Jan | ||||
Hi B Oil | MNT | 190 | 0 | 0.00% | 190 | 190 | 190 | 0 | 30-Dec | 0.00% | 5.56% | ||
Khukh Gan | MNT | 194 | -6 | -3.00% | 194 | 194 | 194 | 33 | 3-Jan | -3.00% | 3.74% | ||
Hermes Centre | MNT | 62 | 2 | 3.33% | 64 | 64 | 62 | 5,814 | 3-Jan | 10.71% | 14.81% | ||
Jenko Tour Bureau | MNT | 93 | 3 | 3.33% | 90 | 93 | 90 | 14,896 | 3-Jan | -1.06% | -1.06% | ||
Telecom Mongolia | MNT | 2,700 | 0 | 0.00% | 2,700 | 2,700 | 2,700 | 0 | 30-Dec | 0.00% | -22.84% | ||
Mongolia Dev Res | MNT | 1,010 | 0 | 0.00% | 1,025 | 1,025 | 1,010 | 0 | 30-Dec | 0.00% | -22.31% | ||
Moninjbar | MNT | 130 | -19 | -12.75% | 131 | 131 | 130 | 3,999 | 3-Jan | 0.00% | 13.04% | ||
Mongol Nekhmel | MNT | 3,990 | 220 | 5.84% | 3,770 | 3,990 | 3,500 | 42 | 3-Jan | 21.65% | 206.92% | ||
Hotel Mongolia | MNT | 899 | 0 | 0.00% | 899 | 899 | 899 | 0 | 27-Dec | 0.00% | 60.54% | ||
Darkhan Nekhii | MNT | 6,200 | 0 | 0.00% | 6,200 | 6,200 | 6,200 | 10 | 3-Jan | 0.00% | 26.53% | ||
Nak Tulsh | MNT | 175 | 0 | 0.00% | 175 | 175 | 175 | 0 | 2-Jan | 0.00% | -46.15% | ||
Olloo | MNT | 230 | -10 | -4.17% | 230 | 230 | 230 | 20 | 3-Jan | -3.77% | 53.33% | ||
Remikon | MNT | 177 | 0 | 0.00% | 177 | 177 | 174 | 5,250 | 3-Jan | 0.57% | 145.83% | ||
Sharyn Gol | MNT | 11,400 | 50 | 0.44% | 11,250 | 11,400 | 11,250 | 460 | 3-Jan | 0.44% | 8.57% | ||
Shivee Ovoo | MNT | 15,500 | 250 | 1.64% | 15,500 | 15,500 | 15,500 | 105 | 3-Jan | 1.31% | 21.09% | ||
Sor | MNT | 3,800 | 0 | 0.00% | 3,820 | 3,820 | 3,800 | 0 | 2-Jan | -0.52% | 406.67% | ||
Suu | MNT | 65,000 | 0 | 0.00% | 65,000 | 65,000 | 65,000 | 0 | 28-Dec | 0.00% | |||
Tav | MNT | 32,500 | 0 | 0.00% | 32,500 | 32,500 | 32,500 | 0 | 14-Dec | ||||
Talkh Chikher | MNT | 11,200 | 0 | 0.00% | 11,000 | 11,498 | 11,000 | 0 | 2-Jan | 6.67% | 180.00% | ||
Tavantolgoi | MNT | 10,800 | 280 | 2.66% | 11,000 | 11,000 | 10,800 | 402 | 3-Jan | -1.82% | 87.50% | ||
State Dept Store | MNT | 545 | -54 | -9.02% | 550 | 550 | 545 | 749 | 3-Jan | -6.03% | 31.01% | ||
Ulaanbaatar Hotel | MNT | 45,000 | 0 | 0.00% | 46,000 | 46,000 | 45,000 | 0 | 30-Dec | 0.00% | 63.64% | ||
Mongol Savkhi | MNT | 2,800 | 213 | 8.23% | 2,587 | 2,800 | 2,587 | 135 | 3-Jan | 8.23% | 409.09% | ||
Zoos Goyol | MNT | 940 | 0 | 0.00% | 899 | 940 | 899 | 0 | 30-Dec | 0.00% | 23.68% | ||
HKEx | Solartech Int'l | HKD | 0.181 | 0.004 | 2.26% | 0.183 | 0.184 | 0.178 | 8,808,000 | 3-Jan | 2.26% | -81.90% | |
Winsway | HKD | 2.3 | 0.01 | 0.44% | 2.35 | 2.35 | 2.26 | 2,018,000 | 3-Jan | 0.44% | -49.36% | ||
SouthGobi Resources | HKD | 46.25 | 0.7 | 1.54% | 45.3 | 46.25 | 45.3 | 12,450 | 3-Jan | 1.54% | -53.84% | ||
China Gold | HKD | 19.4 | 1.2 | 6.59% | 18.84 | 19.46 | 18.84 | 93,900 | 3-Jan | 6.59% | -54.83% | ||
CNNC Int'l | HKD | 2.19 | 0.17 | 8.42% | 2.04 | 2.26 | 2.04 | 3,288,000 | 3-Jan | 8.42% | -70.41% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 3-Jan | 0.00% | -35.98% | ||
Mongolia Energy | HKD | 0.71 | 0.01 | 1.43% | 0.7 | 0.72 | 0.7 | 3,821,000 | 3-Jan | 1.43% | -71.83% | ||
Zijin Mining | HKD | 3.01 | 0.09 | 3.08% | 3.03 | 3.03 | 2.96 | 24,166,244 | 3-Jan | 3.08% | -36.54% | ||
Mongolia Inv Group | HKD | 0.046 | 0 | 0.00% | 0.046 | 0.046 | 0.045 | 4,752,000 | 3-Jan | 0.00% | -69.13% | ||
North Asia Resources | HKD | 0.212 | -0.01 | -4.50% | 0.21 | 0.212 | 0.205 | 30,000 | 3-Jan | -4.50% | -77.68% | ||
China Daye Non-Fer. | HKD | 0.46 | 0 | 0.00% | 0.465 | 0.465 | 0.45 | 1,911,000 | 3-Jan | 0.00% | -22.03% | ||
Bestway Int'l | HKD | 0.057 | -0.004 | -6.56% | 0.058 | 0.062 | 0.055 | 50,000 | 3-Jan | -6.56% | -57.78% | ||
Asia Coal | HKD | 0.105 | 0 | 0.00% | 0.105 | 0.105 | 0.105 | 0 | 3-Jan | 0.00% | -58.00% | ||
Mongolian Mining | HKD | 5.9 | 0.06 | 1.03% | 5.9 | 5.91 | 5.74 | 365,150 | 3-Jan | 1.03% | -40.76% | ||
SGX | LionGold | SGD | 0.87 | 0 | 0.00% | 0.865 | 0.87 | 0.865 | 11,372,000 | 3-Jan | 0.00% | 16.78% | |
LSE | Central Asia Metals | GBp | 57.75 | 0.875 | 1.54% | 57.75 | 57.75 | 57.75 | 2,000 | 3-Jan | 1.54% | -36.01% | |
Petro Matad | GBp | 25.125 | 0.375 | 1.52% | 24.75 | 25.25 | 24.75 | 223,558 | 3-Jan | 1.52% | -79.41% | ||
Metal-Tech | GBp | 3.75 | 0 | 0.00% | 3.75 | 3.75 | 3.75 | 0 | 3-Jan | 0.00% | -75.81% | ||
Origo Partners | GBp | 35 | 0 | 0.00% | 35 | 35 | 35 | 1,055 | 3-Jan | 0.00% | -14.63% | ||
Tembusu | GBp | 2.375 | 0 | 0.00% | 2.375 | 2.375 | 2.375 | 0 | 3-Jan | 0.00% | |||
North America | Aberdeen Int'l | CAD | 0.62 | -0.03 | -4.62% | 0.69 | 0.69 | 0.6 | 474,922 | 3-Jan | -4.62% | -23.33% | |
Blue Zen Mem. Parks | CAD | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.05 | 1,000 | 3-Jan | 0.00% | |||
Centerra Gold | CAD | 18.55 | 0.55 | 3.06% | 18.01 | 18.75 | 18 | 356,372 | 3-Jan | 3.06% | -4.50% | ||
China Gold | CAD | 2.75 | 0.19 | 7.42% | 2.67 | 2.86 | 2.66 | 367,751 | 3-Jan | 7.42% | -49.36% | ||
Denison Mines | CAD | 1.39 | 0.12 | 9.45% | 1.32 | 1.39 | 1.27 | 1,742,711 | 3-Jan | 9.45% | -59.24% | ||
Denison Mines | USD | 1.37 | 0.12 | 9.60% | 1.29 | 1.37 | 1.26 | 892,233 | 3-Jan | 9.60% | -60.23% | ||
East Asia Minerals | CAD | 0.54 | 0.07 | 14.89% | 0.49 | 0.54 | 0.49 | 575,521 | 3-Jan | 14.89% | -93.28% | ||
Entree Gold | USD | 1.25 | 0.05 | 4.17% | 1.25 | 1.27 | 1.2 | 91,025 | 3-Jan | 4.17% | -63.02% | ||
Erdene Resource | CAD | 0.35 | -0.025 | -6.67% | 0.38 | 0.385 | 0.345 | 95,100 | 3-Jan | -6.67% | -71.77% | ||
Entree Gold | CAD | 1.25 | 0.01 | 0.81% | 1.28 | 1.28 | 1.22 | 61,718 | 3-Jan | 0.81% | -63.98% | ||
Fortress Minerals | CAD | 4.1 | 0 | 0.00% | 3.84 | 4.1 | 3.84 | 0 | 29-Dec | 0.00% | -5.75% | ||
Garrison Int'l | CAD | 0.015 | 0 | 0.00% | 0.015 | 0.015 | 0.015 | 0 | 22-Dec | -83.33% | |||
Gulfside Minerals | CAD | 0.09 | 0.005 | 5.88% | 0.085 | 0.095 | 0.085 | 215,900 | 3-Jan | 5.88% | -5.26% | ||
Green Tech Solutions | USD | 0.0284 | 0.0033 | 13.15% | 0.0251 | 0.0285 | 0.0245 | 224,056 | 3-Jan | 13.15% | |||
Ivanhoe Energy | CAD | 1.16 | 0.04 | 3.57% | 1.15 | 1.18 | 1.11 | 658,187 | 3-Jan | 3.57% | -57.35% | ||
Ivanhoe Energy | USD | 1.14 | 0.02 | 1.79% | 1.14 | 1.17 | 1.1 | 1,094,605 | 3-Jan | 1.79% | -61.62% | ||
Ivanhoe Mines | CAD | 18.82 | 0.73 | 4.04% | 18.6 | 18.99 | 18.48 | 1,621,996 | 3-Jan | 4.04% | -18.17% | ||
Ivanhoe Mines | USD | 18.62 | 0.9 | 5.08% | 18.36 | 18.85 | 18.3 | 4,840,634 | 3-Jan | 5.08% | -20.73% | ||
Kincora Copper | CAD | 0.31 | 0 | 0.00% | 0.31 | 0.31 | 0.31 | 0 | 30-Dec | 0.00% | 14.81% | ||
Khan Resources | CAD | 0.195 | -0.005 | -2.50% | 0.2 | 0.2 | 0.195 | 2,100 | 3-Jan | -2.50% | -59.38% | ||
Lucky Strike | CAD | 0.4 | 0.045 | 12.68% | 0.4 | 0.4 | 0.36 | 10,700 | 3-Jan | 12.68% | -72.41% | ||
Lucky Strike | USD | 0.402 | 0.0343 | 9.33% | 0.402 | 0.402 | 0.402 | 8,000 | 3-Jan | -71.67% | |||
Meritus Minerals | CAD | 0.025 | 0 | 0.00% | 0.025 | 0.025 | 0.025 | 129,400 | 3-Jan | 0.00% | -87.50% | ||
Manas Petroleum | USD | 0.1495 | 0.002 | 1.36% | 0.15 | 0.15 | 0.147 | 1,094,200 | 3-Jan | 1.36% | -72.82% | ||
Mongolia Growth Grp | USD | 4.0092 | 0.1642 | 4.27% | 3.8693 | 4.025 | 3.8693 | 3,500 | 3-Jan | 4.27% | |||
Blue Wolf Mongolia | USD | 9.62 | 0 | 0.00% | 9.52 | 9.62 | 9.5 | 0 | 30-Dec | 0.00% | |||
Blue Wolf Mongolia | USD | 10.05 | 0 | 0.00% | 10 | 10.0501 | 10 | 0 | 28-Dec | 0.00% | |||
Manas Petroleum | CAD | 0.145 | 0 | 0.00% | 0.15 | 0.16 | 0.145 | 0 | 30-Dec | 0.00% | |||
Prophecy Coal | CAD | 0.44 | 0.03 | 7.32% | 0.41 | 0.44 | 0.4 | 1,729,061 | 3-Jan | 7.32% | -49.11% | ||
Prophecy Coal | USD | 0.4235 | 0.0055 | 1.32% | 0.3995 | 0.426 | 0.4058 | 10,500 | 3-Jan | 1.32% | -54.22% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.36 | 0.36 | 6.00% | 6.07 | 6.53 | 6.03 | 110,594 | 3-Jan | 6.00% | -47.78% | ||
Solomon Resources | CAD | 0.07 | 0 | 0.00% | 0.07 | 0.07 | 0.07 | 15,500 | 3-Jan | 0.00% | -67.44% | ||
Undur Tolgoi Minerals | CAD | 0.2 | 0 | 0.00% | 0.1 | 0.2 | 0.1 | 0 | 30-Dec | 0.00% | |||
Mongolia Growth Grp | CAD | 4.12 | 0.22 | 5.64% | 3.9 | 4.12 | 3.9 | 9,000 | 3-Jan | 5.64% |
---
"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.
Suite 1213 · Level 12 · 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 AFSLicense 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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