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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Fuel prices spikes linked to inflation and Russian oil tax reform
January 8 (UB Post) After being informed that fuel prices would increase by 300 MNT, all Mongolians with vehicles stood in queue at the petrol stations. From January 7 this information spread so from 7 p.m. until 4 a.m. vehicles waited their turn at petrol station to fill their vehicles bank. This line continued for 20-30 meters and caused many traffic jams.
Petrovis and Sod Mongol Companies petrol stations were overloaded, because these stations didn’t increase the fuel price, and some branch stations ran out of fuel. Servers of these petrol stations said: “We didn’t receive statement to increase the price, so we selling fuel by the old price. The main resource of fuel of our company didn’t finish, so just the branch stations ran out.”
Some citizens think that MT-Oil Company increased the fuel price on their own which influenced other stations. They think this because of MT-Oil Company was the first to increase their price by 260 MNT. Petrol AI-92 was 1590 MNT, but after 10p.m. it turned up to 1850 MNT. And also other petrol AI-80, AI-95 and diesel fuel increased. We wanted explanation about this from MT-Oil Companies administration, but they refused to give report claiming that they would give a press release on Monday.
On January 7 Parliament discussed about the fuel price rise. They said they would discuss the issue at a press conference. The conference’s date is still being debated.
Taxi services, supermarkets and shops have already increased their price, triggering a rise in fuel prices. This shows how directly linked the economy is to fuel price fluctuations. If the prices continue to rise, lifestyles will inevitably change. The Russian Government approved the 60/66 oil tax reform on October 1, 2011. So Mongolian Government received information about impending spike of fuel prices in October. Russia came off with drawback of oil, so the radical change made to policy of oil export. The tax of crude oil import decreased to 60 percents from 65, but tax of all fuels import increased up to 66 percents. They explained this as a policy to support domestic usage. According to Russian economic indicator of 2011, companies which operate through export had most high income, such like Rosneft, LUKOIL, TNK-VR and Surgutneft Company. Currently, Mongolia is importing fuel from Rosneft and TNK-VR.
Mongolian economic is growing fast and on top of this the usage of fuel and energy has increased. If the resource of diesel fuel is extensively depleted, this will directly affect the mining industry. Thus, the Ministry of Mineral Resources and Energy has made it an obligation to prepare a back up diesel fuel fund.
The price, which is newly hanging on petrol station’s price boards, may hang through all 2012. So, it’s time to discuss how to hold inflation stable, not how to decrease the fuel price. The fuel price will not decrease, under Russia’s 60/66 policy. But the rising price of other goods, following the fuel price will continue to have a direct influence on inflation.
Erdenes Tavan Tolgoi mulls dropping Hong Kong portion of USD 3bn IPO
January 6 (FT, source: dealReporter) Erdenes Tavan Tolgoi, the Mongolian company developing the world’s largest untapped coking coal deposit, is considering dropping the Hong Kong portion of its USD 3bn initial public offering, two sources familiar with the situation told dealReporter.
“In the last several rounds of regular meetings with Tavan Tolgoi’s executives, they have shown less interest in a Hong Kong IPO and seem likely to drop the Hong Kong listing proposal,” one source close to the deal said. The company was planning to simultaneously float in London, Hong Kong and Mongolia as soon as late March.
Even the Hong Kong stock exchange is “not very keen” on the offering, as they think it will be a tough sell to investors skeptical of foreign mining stocks, the source added.
“I wouldn’t be surprised if they drop the Hong Kong portion, as it doesn’t make sense for them to commit huge resources but only reap a little benefit,” he said.
The source pointed to the case of Swiss commodities trader Glencore International [805:HK], which drew a lukewarm response from Hong Kong retail investors on its dual listing in Hong Kong and London last year. Glencore had set aside as much as 10% of the deal for Hong Kong retail investors, but the weak response forced the company to allocate only 2.7% of the offering to them, he said. Glencore’s shares are down about 26% on both exchanges since the May 2011 IPO.
Tavan Tolgoi was expected to garner even less interest from Hong Kong retail investors since Glencore was a better known name, the source said.
State-controlled Tavan Tolgoi is still trying to make the Hong Kong portion of the deal happen, but it is looking increasingly difficult as the listing process in Hong Kong is more difficult than London, a second source said.
The main hurdle is the Mongolian government’s recent decision to give Tavan Tolgoi shares to Mongolian citizens for free in February, ahead of the original schedule, the source said. The Hong Kong exchange has restrictions on companies bringing in new investors in the months leading up to their floatation, he said. Bankers and lawyers are still analyzing the implications of the move, he said.
In 2010, Chinese private-equity firm New Horizon Capital bought a 9% stake in Sihuan Pharmaceutical [460:HK] a few months before its Hong Kong listing. However, the Hong Kong bourse objected to the timing of the deal and asked them to unwind it.
There was a debate for some time about which location was most appropriate for Tavan Tolgoi’s primary listing, another source close to the deal said. London has now become the more attractive of the listing options, although the deal is big enough that listing on two international markets simultaneously is possible, the source said.
Goldman Sachs, Deutsche Bank, BNP Paribas and Macquarie are arranging the offering. Erdenes Tavan Tolgoi did not respond to a request for comment.
Haranga: Board Changes
January 6, Haranga Resources Limited (ASX:HAR) --
Haranga Resources Limited announces the appointment of Mr. Erdene Tsengelbayar and Mr. Kerry Griffin to the Company’s Board as Executive Director and Technical Director respectively and the resignation of Mr. Kell Nielsen as Exploration Director.
Mr. Erdene has been employed as Chief Operating Officer of the Company and Executive Director of the Company’s Mongolian subsidiaries since April 2011. He is a mineral economist with an extensive network in the mining and resources sector in Mongolia, having worked with both the Mineral Resource Authority of Mongolia and the former Ministry of Industry and Trade, and has assisted in the acquisition of a number of the Company’s current projects. Mr. Erdene’s insight and expertise from his extensive operational, management and project evaluation expertise in Mongolia will be of great benefit to the Board.
Mr. Griffin is a geologist with 18 years professional experience in exploration, resource development and mining geology including recent senior roles in Mongolia with Ivanhoe Mines and Aspire Mining Limited and he has been employed as Technical Manager of the Company since July 2011. As the Country Manager for Aspire, Mr. Griffin was instrumental in their successful acquisition and development of the Ovoot coking coal project. Mr. Griffin also has significant project development experience in Mongolia having spent four years with Ivanhoe as the Senior Development Geologist for the world class Oyu Tolgoi Project. In this role he managed major diamond drilling programs, geological interpretation, 3D modeling and resource estimation. He is a Competent/Qualified Person for JORC/43-101 standard reporting and sign-off.
Both Mr. Erdene and Mr. Griffin’s experience and expertise will assist in the successful development of the Company’s Selenge iron ore project both during and post the exploration and resource estimation phase.
Mr. Griffin, as incoming Technical Director, will replace Mr. Kell Nielsen (previously Exploration Director) who has resigned from the Board and will focus on his commitments with Voyager Resources Limited. The Board would like to thank Mr. Nielsen for his invaluable work during both the founding and development of the Company.
Origo Partners Plc: Holding in Company
January 6, Origo Partners Plc (OPP:LN) --
The Company yesterday received a notification issued on 28 December 2011 that, as at 23 December 2011, Prudential plc group of companies holds 35,538,889 ordinary shares in the Company, representing 9.87% of the issued share capital.
NAR: ALTERATION OF THE TERMS OF THE US$30M CONVERTIBLE BONDS AND SPECIFIC MANDATE FOR THE ADDITIONAL CONVERSION SHARES
January 6, North Asia Resources Holdings Limited (HK:61) --
The Company announces that on 6 January 2012 after trading hours, the Company and Business Ally have entered into the Second Supplemental Agreement in relation to, among others, the Proposed Alteration of certain terms and conditions of the US$30M Convertible Bonds.
The Proposed Alteration shall be subject to, among others, the approval of the Stock Exchange and the Shareholders at the SGM. The Specific Mandate shall be subject to, among others, the approval of the shareholders at the SGM.
A circular containing details of the Proposed Alteration, the Specific Mandate and the notice of SGM is expected to be despatched to the Shareholders in compliance with the Listing Rules on or before 31 January 2012.
…
TWO PRESTIGIOUS AWARDS FOR BDSEC
January 5 (BDSec) BDSec (BDS:MO) is proud to announce that it has been awarded two prestigious awards: <<The Best Underwriter of the Year>> award by the Mongolian Securities Dealers’ Association and <<The Entrepreneur of the Year>> award by the Mongolian National Chamber of Commerce and Industry. In 2011, BDSec offered 3 new products to the Mongolian securities market, namely Silikat’s IPO, Just Agro’s corporate bond and Sharyn Gol’s rights issue, all of them being the first ones in three years.
Entrepreneur is an annual event which awards Mongolian entrepreneurs who contributed to the socio-economic development of Mongolia and BDSec has received the award for the second year.
CTU may take South Gobi Sands LLC to international court
January 6 (news.mn) South Gobi Sands LLC fired 49 workers on December 20, 2011. The company says the firings were legal and for budgetary reasons.
The workers have protested their firings and have complained to a court. They say the real reason they were fired was because they demanded raises and talked about establishing a union.
At a press conference on Friday, Confederation of Trade Unions (CTU) President S.Ganbaatar said South Gobi Sands LLC has violated Mongolian laws by firing the workers. He said the foreign-backed company has exploited its workers, but he said the Government is not interested in the situation.
CTU and the fired workers have asked to meet with the company’s managing officials on January 10. If the two sides fail to reach an agreement, the CTU says it will take the matter to an international court.
CTU says the company should re-hire the workers in their old jobs and recognize the establishment of a trade union.
Ulaanbaatar Railway will not increase tariffs
January 6 (news.mn) On January 3 we reported that the Mongolian National Transportation Agencies Union said railway transportation organizations in Mongolia will increase their transportation tariffs, in response to Chinese railroads increasing their tariffs.
But the deputy chairman of Ulaanbaatar Railway, D.Jigjidnyamaa, now says Ulaanbaatar Railway will not increase its transportation tariff.
MP Ts.Sedvanchig sends query to PM about rare metals mining
January 7 (news.mn) MP Ts.Sedvanchig has sent a query to Prime Minister S.Batbold about rare metals exploration and exploitation operations.
The query asks what policy guides the state in rare metals and elements operations, because demand for rare metals and elements in the global marketplace is increasing due to the intensive development of high technology. The query says some foreign countries have offered to cooperate in developing Mongolia’s rare metals and elements sector.
The MP also asked which state organization grants licenses for rare metals and elements exploration and exploitation; how much research has been done on rare metals and elements; where deposits of rare metals and elements are located; how many domestic and foreign mining companies have officially explored and exploited rare elements; what the scope of export is, and to what countries; and what legislation pertains to rare metals and elements exploration and exploitation.
MP Ts.Sedvanchig requested the prime minister’s response be delivered to parliament before the deadline prescribed by law.
Mongol Bank holds foreign currency auction
January 6 (news.mn) Mongol Bank on Thursday sold USD 66.35 million in a foreign currency auction at a rate of MNT 1,414. The amount was 78.7 percent of the tendered amount.
Mongol Bank holds foreign currency auctions on Tuesdays and Thursdays, with banks licensed in Mongolia eligible to participate.
Mongol Bank says it works to openly deliver information. But critics say the bank did not provide the public with information about the participants in the foreign currency auction that took place on December 27, 2010. Only the closing rate was made available to the public.
Reserved meat to be sold beginning January 15
January 7 (news.mn) About 12,000 tons of meat from 22 companies will be sold at reduced prices in Ulaanbaatar beginning January 15.
Two or three shops in each khoroo of the districts will sell the meat from the state reserve. Early indications are that the price will be about MNT 1,000 cheaper than current meat prices, though a final price has still not been set.
About 2,000 tons of beef, 2,000 tons of goat meat, and 8,000 tons of mutton will be sold. Residents complained about the quality of last year’s reserved meat. But an official with the Ulaanbaatar Administration said that will not be a problem this year. The official added that the sale of the reserved meat will stabilize increasing meat prices.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,108.50 | -34.20 | -0.83% | 4,141.20 | 4,144.10 | 4,107.80 | - | 6-Jan | ||||
Nikkei 225 | 8,390.35 | -98.36 | -1.16% | 8,488.98 | 8,488.98 | 8,349.33 | - | 6-Jan | |||||
Hang Seng | 18,593.06 | -220.35 | -1.17% | 18,784.86 | 18,784.86 | 18,506.58 | - | 6-Jan | |||||
MSE Top 20 | 20,869.40 | 49.20 | 0.24% | 20,869.40 | 20,869.40 | 20,869.40 | - | 6-Jan | |||||
FTSE 100 | 5,649.68 | 25.42 | 0.45% | 5,624.26 | 5,682.78 | 5,623.36 | - | 6-Jan | |||||
TSX Composite | 12,188.64 | -48.76 | -0.40% | 12,241.82 | 12,245.99 | 12,148.31 | - | 6-Jan | |||||
S&P 500 | 1,277.81 | -3.25 | -0.25% | 1,280.93 | 1,281.84 | 1,273.34 | - | 6-Jan | |||||
ASX | Aspire Mining | A$ | 0.33 | -0.015 | -4.35% | 0.345 | 0.345 | 0.32 | 2,081,195 | 6-Jan | -10.81% | -30.53% | |
Blina Minerals | A$ | 0.004 | -0.001 | -20.00% | 0.005 | 0.005 | 0.004 | 1,100,720 | 6-Jan | -20.00% | -73.33% | ||
Draig Resources | A$ | 0.435 | -0.015 | -3.33% | 0.45 | 0.45 | 0.43 | 256,283 | 6-Jan | -34.09% | |||
FeOre | A$ | 0.28 | 0 | 0.00% | 0.28 | 0.28 | 0.28 | 0 | 28-Dec | 0.00% | |||
General Mining | A$ | 0.045 | 0.005 | 12.50% | 0.045 | 0.045 | 0.045 | 20,000 | 6-Jan | 9.76% | -65.38% | ||
Guildford Coal | A$ | 0.75 | 0 | 0.00% | 0.73 | 0.75 | 0.73 | 5,472 | 6-Jan | 0.00% | -3.85% | ||
Haranga Resources | A$ | 0.29 | -0.005 | -1.69% | 0.31 | 0.31 | 0.29 | 53,215 | 6-Jan | 1.75% | -56.72% | ||
Hunnu Coal | A$ | 0 | |||||||||||
Modun Resources | A$ | 0.045 | 0.001 | 2.27% | 0.044 | 0.045 | 0.044 | 58,000 | 6-Jan | 0.00% | 350.00% | ||
Mongolian Res Corp | A$ | 0.125 | 0 | 0.00% | 0.125 | 0.125 | 0.125 | 0 | 30-Dec | 0.00% | -62.12% | ||
Robe Australia | A$ | 0.018 | -0.004 | -18.18% | 0.022 | 0.022 | 0.018 | 10,680,467 | 6-Jan | 28.57% | 135.29% | ||
Voyager Resources | A$ | 0.071 | -0.002 | -2.74% | 0.073 | 0.073 | 0.07 | 2,580,315 | 6-Jan | 4.41% | 42.99% | ||
Xanadu Mines | A$ | 0.32 | 0 | 0.00% | 0.34 | 0.34 | 0.32 | 0 | 5-Jan | -7.25% | -44.35% | ||
MSE A Board | Aduunchuluun | MNT | 6,120 | -90 | -1.45% | 6,250 | 6,250 | 6,100 | 610 | 6-Jan | 2.00% | -43.85% | |
APU | MNT | 4,000 | 50 | 1.27% | 4,000 | 4,000 | 4,000 | 202 | 6-Jan | -4.76% | 90.48% | ||
Atar Urguu | MNT | 38,000 | 0 | 0.00% | 38,000 | 38,000 | 38,000 | 0 | 2-Dec | 83.57% | |||
Baganuur | MNT | 11,448 | 3 | 0.03% | 11,445 | 11,500 | 11,445 | 169 | 6-Jan | -12.61% | 4.07% | ||
Mogoin Gol | MNT | 32,800 | 800 | 2.50% | 32,000 | 32,800 | 32,000 | 200 | 6-Jan | 5.81% | |||
BDSec | MNT | 3,500 | 0 | 0.00% | 3,600 | 3,600 | 3,500 | 310 | 6-Jan | 0.00% | 40.00% | ||
Bayangol Hotel | MNT | 36,000 | 1000 | 2.86% | 35,100 | 36,000 | 35,100 | 293 | 6-Jan | 0.14% | 51.58% | ||
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% | 501.85% | ||
Eermel | MNT | 2,709 | -7 | -0.26% | 2,700 | 2,709 | 2,700 | 217 | 6-Jan | -3.25% | -3.25% | ||
Gobi | MNT | 5,200 | 50 | 0.97% | 5,200 | 5,200 | 5,105 | 303 | 6-Jan | 0.97% | -7.14% | ||
Gutal | MNT | 3,768 | 491 | 14.98% | 3,768 | 3,768 | 3,768 | 7 | 6-Jan | 402.40% | |||
Hi B Oil | MNT | 178 | -2 | -1.11% | 178 | 178 | 178 | 880 | 6-Jan | -6.32% | 4.71% | ||
Khukh Gan | MNT | 195 | 0 | 0.00% | 190 | 195 | 190 | 0 | 5-Jan | -2.50% | 4.28% | ||
Hermes Centre | MNT | 66 | 2 | 3.13% | 64 | 66 | 64 | 42,050 | 6-Jan | 17.86% | 22.22% | ||
Jenko Tour Bureau | MNT | 94 | -2 | -2.08% | 94 | 94 | 93 | 4,424 | 6-Jan | 0.00% | 0.00% | ||
Telecom Mongolia | MNT | 2,710 | -90 | -3.21% | 2,705 | 2,710 | 2,700 | 289 | 6-Jan | 0.37% | -24.72% | ||
Mongolia Dev Res | MNT | 950 | 0 | 0.00% | 950 | 950 | 950 | 0 | 4-Jan | -5.94% | -26.92% | ||
Moninjbar | MNT | 131 | 0 | 0.00% | 131 | 131 | 131 | 0 | 4-Jan | 0.77% | 13.91% | ||
Mongol Nekhmel | MNT | 3,890 | -100 | -2.51% | 3,690 | 3,890 | 3,690 | 141 | 6-Jan | 18.60% | 215.24% | ||
Hotel Mongolia | MNT | 800 | -99 | -11.01% | 800 | 800 | 800 | 50 | 6-Jan | -11.01% | 42.86% | ||
Darkhan Nekhii | MNT | 7,000 | 500 | 7.69% | 6,500 | 7,000 | 6,500 | 379 | 6-Jan | 12.90% | 40.00% | ||
Nak Tulsh | MNT | 180 | 5 | 2.86% | 180 | 180 | 180 | 20 | 6-Jan | 2.86% | -44.62% | ||
Olloo | MNT | 240 | 0 | 0.00% | 235 | 240 | 235 | 26,841 | 6-Jan | 0.42% | 60.00% | ||
Remikon | MNT | 175 | -2 | -1.13% | 176 | 176 | 173 | 26,220 | 6-Jan | -0.57% | 143.06% | ||
Sharyn Gol | MNT | 11,200 | -150 | -1.32% | 11,250 | 11,250 | 11,150 | 631 | 6-Jan | -1.32% | -4.52% | ||
Shivee Ovoo | MNT | 15,000 | 0 | 0.00% | 15,000 | 15,001 | 15,000 | 209 | 6-Jan | -1.96% | 20.00% | ||
Sor | MNT | 3,400 | -379 | -10.03% | 3,401 | 3,420 | 3,400 | 510 | 6-Jan | -10.99% | 294.43% | ||
Suu | MNT | 65,002 | 0 | 0.00% | 65,002 | 65,002 | 65,002 | 46 | 6-Jan | 0.00% | |||
Tav | MNT | 0 | |||||||||||
Talkh Chikher | MNT | 11,000 | -350 | -3.08% | 11,350 | 12,000 | 11,000 | 482 | 6-Jan | 4.76% | 168.29% | ||
Tavantolgoi | MNT | 10,499 | 49 | 0.47% | 10,400 | 11,117 | 10,400 | 502 | 6-Jan | -4.55% | 77.65% | ||
State Dept Store | MNT | 531 | 10 | 1.92% | 525 | 570 | 525 | 12,065 | 6-Jan | -8.45% | 27.95% | ||
Ulaanbaatar Hotel | MNT | 45,000 | 0 | 0.00% | 46,000 | 46,000 | 45,000 | 0 | 30-Dec | 0.00% | 63.64% | ||
Mongol Savkhi | MNT | 2,995 | 385 | 14.75% | 2,990 | 2,995 | 2,615 | 159 | 6-Jan | 15.77% | 464.03% | ||
Zoos Goyol | MNT | 900 | 0 | 0.00% | 815 | 900 | 815 | 385 | 6-Jan | -4.26% | 18.42% | ||
HKEx | Solartech Int’l | HKD | 0.177 | -0.002 | -1.12% | 0.178 | 0.178 | 0.177 | 702,500 | 6-Jan | 0.00% | -81.56% | |
Winsway | HKD | 2.18 | -0.06 | -2.68% | 2.23 | 2.23 | 2.13 | 2,383,204 | 6-Jan | -4.80% | -51.59% | ||
SouthGobi Resources | HKD | 46.65 | -0.25 | -0.53% | 47 | 47 | 45.5 | 57,400 | 6-Jan | 2.41% | -56.85% | ||
China Gold | HKD | 20.65 | 0.15 | 0.73% | 21.2 | 21.5 | 20.2 | 143,000 | 6-Jan | 13.46% | -50.12% | ||
CNNC Int’l | HKD | 2.05 | -0.02 | -0.97% | 2.04 | 2.07 | 2.02 | 705,000 | 6-Jan | 1.49% | -71.72% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 6-Jan | 0.00% | -32.79% | ||
Mongolia Energy | HKD | 0.63 | -0.05 | -7.35% | 0.68 | 0.68 | 0.62 | 17,173,000 | 6-Jan | -10.00% | -74.60% | ||
Zijin Mining | HKD | 2.9 | -0.03 | -1.02% | 2.98 | 2.98 | 2.88 | 22,241,000 | 6-Jan | -0.68% | -37.13% | ||
Mongolia Inv Group | HKD | 0.045 | -0.002 | -4.26% | 0.047 | 0.047 | 0.045 | 4,032,000 | 6-Jan | -2.17% | -68.53% | ||
North Asia Resources | HKD | 0.229 | 0.01 | 4.57% | 0.219 | 0.229 | 0.219 | 40,000 | 6-Jan | 3.15% | -74.27% | ||
China Daye Non-Fer. | HKD | 0.44 | 0.015 | 3.53% | 0.425 | 0.44 | 0.42 | 2,052,000 | 6-Jan | -4.35% | -24.14% | ||
Bestway Int’l | HKD | 0.055 | -0.002 | -3.51% | 0.062 | 0.063 | 0.052 | 325,000 | 6-Jan | -9.84% | -60.43% | ||
Asia Coal | HKD | 0.1 | 0 | 0.00% | 0.1 | 0.1 | 0.1 | 0 | 6-Jan | -4.76% | -59.84% | ||
Mongolian Mining | HKD | 5.82 | -0.05 | -0.85% | 6 | 6 | 5.56 | 404,567 | 6-Jan | -0.34% | -44.25% | ||
SGX | LionGold | SGD | 0.875 | 0.005 | 0.57% | 0.87 | 0.875 | 0.865 | 10,091,000 | 6-Jan | 0.57% | 16.67% | |
LSE | Central Asia Metals | GBp | 58 | -0.5 | -0.85% | 58 | 58 | 58 | 2,000 | 6-Jan | 1.98% | -35.73% | |
Petro Matad | GBp | 34 | -1.25 | -3.55% | 35.25 | 35.75 | 34 | 349,054 | 6-Jan | 37.37% | -72.69% | ||
Metal-Tech | GBp | 4.125 | 0 | 0.00% | 4.125 | 4.125 | 4.125 | 0 | 6-Jan | 10.00% | -74.22% | ||
Nova Resources | GBp | 2.875 | 0.375 | 15.00% | 2.5 | 2.875 | 2.5 | 100,000 | 6-Jan | 21.05% | |||
Origo Partners | GBp | 35 | 0 | 0.00% | 35 | 35 | 35 | 25,780 | 6-Jan | 0.00% | -15.66% | ||
North America | Aberdeen Int’l | CAD | 0.6 | 0 | 0.00% | 0.6 | 0.6 | 0.59 | 157,125 | 6-Jan | -7.69% | -16.78% | |
Blue Zen Mem. Parks | CAD | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.05 | 0 | 3-Jan | 0.00% | |||
Centerra Gold | CAD | 18.99 | -0.27 | -1.40% | 19.49 | 19.49 | 18.9 | 267,986 | 6-Jan | 5.50% | 4.68% | ||
China Gold | CAD | 2.81 | -0.04 | -1.40% | 2.8 | 2.91 | 2.77 | 227,956 | 6-Jan | 9.77% | -47.57% | ||
Denison Mines | CAD | 1.42 | 0.02 | 1.43% | 1.41 | 1.44 | 1.39 | 652,083 | 6-Jan | 11.81% | -53.44% | ||
Denison Mines | USD | 1.37 | -0.04 | -2.84% | 1.39 | 1.4164 | 1.36 | 425,527 | 6-Jan | 9.60% | -55.23% | ||
East Asia Minerals | CAD | 0.54 | -0.03 | -5.26% | 0.56 | 0.56 | 0.53 | 87,960 | 6-Jan | 14.89% | -92.45% | ||
Entree Gold | USD | 1.2 | -0.03 | -2.44% | 1.21 | 1.23 | 1.13 | 108,643 | 6-Jan | 0.00% | -62.73% | ||
Erdene Resource | CAD | 0.355 | 0.015 | 4.41% | 0.34 | 0.36 | 0.34 | 108,025 | 6-Jan | -5.33% | -74.46% | ||
Entree Gold | CAD | 1.17 | -0.07 | -5.65% | 1.25 | 1.25 | 1.16 | 112,370 | 6-Jan | -5.65% | -63.44% | ||
Fortress Minerals | CAD | 4.1 | 0 | 0.00% | 4.1 | 4.1 | 4.1 | 0 | 5-Jan | 0.00% | -10.87% | ||
Garrison Int’l | CAD | 0.015 | 0 | 0.00% | 0.015 | 0.015 | 0.015 | 0 | 5-Jan | -85.00% | |||
Gulfside Minerals | CAD | 0.1 | 0.01 | 11.11% | 0.095 | 0.1 | 0.095 | 50,500 | 6-Jan | 17.65% | 11.11% | ||
Green Tech Solutions | USD | 0.0299 | 0.0011 | 3.82% | 0.022 | 0.0345 | 0.022 | 171,309 | 6-Jan | 19.12% | |||
Ivanhoe Energy | CAD | 1.21 | -0.05 | -3.97% | 1.3 | 1.33 | 1.2 | 1,163,254 | 6-Jan | 8.04% | -58.42% | ||
Ivanhoe Energy | USD | 1.19 | -0.08 | -6.30% | 1.2799 | 1.3 | 1.17 | 1,942,461 | 6-Jan | 6.25% | -59.25% | ||
Ivanhoe Mines | CAD | 19.04 | -0.1 | -0.52% | 19.35 | 19.41 | 19.04 | 437,321 | 6-Jan | 5.25% | -20.50% | ||
Ivanhoe Mines | USD | 18.57 | -0.2 | -1.07% | 18.94 | 19 | 18.55 | 1,401,987 | 6-Jan | 4.80% | -22.98% | ||
Kincora Copper | CAD | 0.31 | 0 | 0.00% | 0.31 | 0.31 | 0.31 | 0 | 30-Dec | 0.00% | 72.22% | ||
Khan Resources | CAD | 0.22 | 0.015 | 7.32% | 0.22 | 0.22 | 0.22 | 1,000 | 6-Jan | 10.00% | -53.19% | ||
Lucky Strike | CAD | 0.35 | -0.025 | -6.67% | 0.355 | 0.38 | 0.35 | 12,400 | 6-Jan | -1.41% | -73.68% | ||
Lucky Strike | USD | 0.391 | 0 | 0.00% | 0.3861 | 0.391 | 0.3861 | 0 | 5-Jan | -70.89% | |||
Meritus Minerals | CAD | 0.035 | 0 | 0.00% | 0.035 | 0.035 | 0.035 | 44,000 | 6-Jan | 40.00% | -82.50% | ||
Manas Petroleum | USD | 0.14 | 0 | 0.00% | 0.14 | 0.14 | 0.137 | 314,071 | 6-Jan | -5.08% | -74.07% | ||
Mongolia Growth Grp | USD | 4.119 | 0.026 | 0.64% | 4.0667 | 4.119 | 3.977 | 5,900 | 6-Jan | 7.13% | |||
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 | -0.01 | -6.45% | 0.145 | 0.145 | 0.14 | 28,000 | 6-Jan | 0.00% | |||
Prophecy Coal | CAD | 0.43 | -0.005 | -1.15% | 0.44 | 0.44 | 0.43 | 308,500 | 6-Jan | 4.88% | -54.79% | ||
Prophecy Coal | USD | 0.435 | 0.001 | 0.23% | 0.435 | 0.435 | 0.435 | 9,500 | 6-Jan | 4.07% | -54.68% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.38 | 0.04 | 0.63% | 6.28 | 6.45 | 6.22 | 136,496 | 6-Jan | 6.33% | -54.78% | ||
Solomon Resources | CAD | 0.075 | 0.005 | 7.14% | 0.075 | 0.075 | 0.075 | 5,000 | 6-Jan | 7.14% | -64.29% | ||
Undur Tolgoi Minerals | CAD | 0.2 | 0 | 0.00% | 0.1 | 0.2 | 0.1 | 0 | 30-Dec | 0.00% | |||
Mongolia Growth Grp | CAD | 4.21 | 0.05 | 1.20% | 4.16 | 4.21 | 4.08 | 5,150 | 6-Jan | 7.95% |
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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.
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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