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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US markets closed Monday on Martin Luther King Jr. Day
See Mongolia related quotes at bottom of newsletter
Mogi: To the best of knowledge, Temujin is still owned by Aberdeen International Inc (TSX:AAB), a related company to F&M
Kincora Copper Announces Letter of Intent to Acquire New Mongolian Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2012) - Kincora Copper Limited (TSX VENTURE:KCC) (the "Company") is pleased to announce that it has entered into a letter of intent with Forbes & Manhattan Inc. ("F & M"), a Canadian merchant bank, and Temujin Mining Corp. ("Temujin"), a closely held private company, whereby the Company would acquire from Temujin all of the issued and outstanding shares of Golden Grouse LLC ("Golden Grouse"), a Mongolian company which holds certain mineral exploration licenses adjoining the Company's Bronze Fox project in Mongolia referred to as the Manlai Licences (the "Acquisition"). As consideration for the shares of Golden Grouse, the Company is to issue to Temujin approximately 35,000,000 shares of the Company, which shares are intended to be dividended out by Temujin to its shareholders concurrent with the closing of the Acquisition.
The Manlai Licences are located immediately to the western and northern boundaries of the Company's Buyant License 15000X; in an area of known porphyry copper deposits. The Bronze Fox Intrusive Complex (BFIC) copper-gold resources owned by Kincora and Tourmaline Hills Intrusive Complex (THIC) exploration target which is the subject of the proposed Acquisition are both located just over 100 kilometres to the north-north-east of the giant copper-gold deposit Oyu Tolgoi, within the same geological group.
Licence 15075X (Southern) Manlai is approximately 480 km south of Ulaanbaatar and 190 km north of the Chinese border. The licence area is 24,670.37 hectares. Licence 15076X (Northern) Manlai is approximately 460 km south of Ulaanbaatar and 205 km north of the Chinese border. The licence area is 15,208.54 hectares.
The Manlai Licences lie on an east-west trending splay off the Zuunbayan fault zone, which is also thought to control the location of porphyry style copper and gold mineralization at Suvarga, Tsagaan Suvarga, Shuteen and Olut Ulaan and possibly Kharmagtai. This equates to a belt with a 150 km strike length.
The Manlai Licences contain both the Bronze Fox and Tourmaline Hills Prospects that are underlain by an intrusive centre referred to as the Bronze Fox Intrusive Complex (BFIC) and Tourmaline Intrusive Complexes (THIC).
Porphyry style alteration at BFIC and THIC and associated mineralisation has a typical pro-grade high temperate assemble with biotite and magnetite and quartz sheet veins and stockwork containing varying percentages of chalcopyrite. A direct relationship does exist between elevated copper and gold grades. The THIC has significant quartz and tourmaline veining and brecciation in the southern margins of the intrusive complex. The southern anomaly is more likely to be associated with an epithermal target. This target was not previously drilled or trenched by Ivanhoe.
"This transaction suits the Company's strategic goals and will add a significant tenement to the Company's prospect pool of promising targets," stated Igor Kovarsky, President and CEO of the Company. "On closing of the Acquisition, our tenement will encompass two of Ivanhoe's former high priority prospects, the Bronze Fox and Tourmaline Hills."
Concurrent with the Acquisition it is intended that F & M, together with certain of its affiliates, associates and other investors, will subscribe for units of the Company (the "Units") for proceeds of up to $2,800,000, and that certain insiders and other investors may also subscribe for Units with proceeds to the Company of up to a further $3,200,000 for combined proceeds of up to $6,000,000 (the "Offering"). The Units are to be priced at $0.35 per Unit and will be comprised of one share and one share purchase warrant (the "Warrants") with each Warrant entitling the holder to acquire a further share of the Company at a price of $0.50 per share for a term of 24 months following the closing of the Offering. If, at any time after 12 months from the closing of the Offering, the shares of the Company trade at $0.70 per share or higher on a volume weighted adjusted price basis for a period of 30 days, the Company will have the right to accelerate the expiry date of the Warrants to a date that is 30 days from the date of notice of such acceleration.
As a condition of the closing of the Acquisition and the Offering, the Company has agreed to appoint one nominee of F & M to the board of the Company on closing and to put forward a further nominee of F & M for election to the board at the next annual general meeting of the Company. In this regard Mr. Altai Khangai has agreed to step down from the board in order to allow for the F & M nominee to be appointed. It is intended that Mr. Khangai will again be nominated for election to the board at the next annual general meeting of the Company, at which time it is proposed to increase the size of the board from six to eight members.
Closing of the Acquisition and the Offering remain subject to the completion of a satisfactory due diligence review by both F & M and the Company, the execution of a definitive agreement and the receipt of all necessary regulatory approvals including the acceptance of the TSX Venture Exchange.
Bill Nielson, P.Geo., of Temujin is the Qualified Person who has reviewed and approved the scientific and technical information contained in this news release.
KRI closed up 4c to 23c on very low volume
Khan Receives Information Request from TSX
TORONTO, ONTARIO--(Marketwire - Jan. 16, 2012) - Khan Resources Inc. (TSX:KRI) ("Khan" or the "Company") announced today that it has received a letter from the Compliance & Disclosure Department of the Toronto Stock Exchange ("TSX") requesting that the Company provide information to the TSX regarding its current business operations. The TSX has requested the information as part of a fact gathering process to determine whether or not the Company continues to meet the TSX's continuous listing requirements. The letter stated that if the TSX determines that the Company has discontinued a substantial portion of its business, the Company will be required to meet the original listing requirements ("OLRs") of the TSX. The TSX has not initiated a delisting review, but the letter states that if the TSX determines that the Company has discontinued a substantial portion of its business, the TSX may provide the Company with up to 120 days from the date of the letter, to meet the OLRs. If the Company fails to provide an acceptable plan to the TSX of how it intends to meet the OLRs in the short term, the TSX will initiate a delisting review.
The Company expects to respond to the request for information in a timely manner, and is considering its options in the event that the TSX proceeds with a delisting review, which include applying for a transfer of its listing to the TSX Venture Exchange.
VOR trading +5.4% higher at 7.8c this morning
Foster Stockbroking: Voyager Resources (VOR) Mongolia story is still flying under the radar
January 17 (The Australian)
…
Also on the copper front, Foster Stockbroking says the Voyager Resources (VOR) Mongolia story is still flying under the radar. Intersections include 116m at 2.4 per cent.
The broker reminds clients Mongolia has stopped processing exploration applications, which leaves only merger and acquisition for those wanting in.
Foster's note suggests the potential of VOR's ground could draw the attention of now-excluded majors.
After all, the same team achieved a good result selling off their Mongolian coal play, the former Hunnu Coal, to the Thais.
…
Denison Outlines 2012 Operating Plans and Releases Final 2011 Production and Sales Volumes
TORONTO, ONTARIO--(Marketwire - Jan. 16, 2012) - Denison Mines Corp. (TSX:DML) (NYSE Amex:DNN) ("Denison" or the "Company") announces that its 2012 operating plan forecasts production of 1.4 million pounds U3O8 and 0.6 million pounds V2O5 from its operations in the United States. "The 2012 plan is focused on increasing uranium production, reducing operating costs and growing our resource base through exploration, in particular in the Athabasca Basin in Canada on the Wheeler River project and in Zambia on the 100% owned Mutanga project" said Ron Hochstein, President and CEO of Denison. Unless otherwise stated all figures are in U.S. dollars.
2012 Operating Plans
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Business Development
In 2012 Denison plans to continue to aggressively pursue its exploration and development projects in Canada, the U.S., Mongolia and Zambia. Total expenditures on development and exploration projects in 2012 are estimated at $25.4 million.
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In Mongolia, mining licence applications for four of its five license areas were submitted in 2011 and the Company is in the process of acquiring the Russian interest in the Gurvan Saihan Joint Venture, in preparation for restructuring the joint venture to meet the requirements of the Mongolian Nuclear Energy Law. In 2012, a $4.1 million exploration and development program is projected, contingent upon receipt of the mining licences in mid-2012. Included in this budget is a $1.6 million, 17,500 metre exploration program focussed on the Ulziit and Urt Tsav 2011 discoveries. The development activities will include drilling of initial test patterns and pilot plant design.
…
China Daye: (1) ADJOURNMENT OF EXTRAORDINARY GENERAL MEETING AND (2) RESUMPTION OF TRADING
January 16, China Daye Non-Ferrous Metals Mining Limited (HK:661) --
The board of directors of the Company announces that at the EGM of the Company held today, the Chairman of the meeting, with the approval of a majority of those Shareholders who were present (whether in person, by proxy or by corporate representative(s)), adjourned the EGM to a date to be further determined.
Reference is made to the extraordinary general meeting of China Daye Non-Ferrous Metals Mining Limited (the "Company") held at Harbour View Ballroom III, Level 4, Four Seasons Hotel, 8 Finance Street, Central, Hong Kong on Monday, 16 January 2012 at 10:00 a.m. (the "EGM") and the circular dated 29 December 2011 issued by the Company to its shareholders (the "Circular"). Unless otherwise indicated, capitalised terms defined in the Circular shall have the same meanings when used herein.
ADJOURNMENT OF EXTRAORDINARY GENERAL MEETING
On 11 January 2012, Tricor Investor Services Limited, the branch share registrar of the Company in Hong Kong, received proxy forms from three parties (the "Three Parties") whose names appeared in the register of members of the Company as the holders of, in aggregate, 500 million Ordinary Shares in the Company (the "Relevant Shares"), with instructions to vote against all the resolutions to be tabled at the EGM as set out in the notice of EGM issued by the Company to its shareholders on 29 December 2011 (the "Notice of EGM") and the accompanying proxy form (the "Resolutions").
The Company received a letter dated 16 January 2012 from another party (the "Other Party") before the commencement of the EGM notifying the Company that such Other Party is currently engaged in legal proceedings with the Three Parties with respect to the title to the Relevant Shares (the "Legal Proceedings").
According to the letter dated 16 January 2012 from the Other Party, the Legal Proceedings concern the title to the Relevant Shares and there is also dispute as to the right to exercise the voting rights attached to such Relevant Shares. Given the Relevant Shares represent approximately 11.29% of the total number of issued Ordinary Shares of the Company held by the Independent Shareholders entitled to vote on the Resolutions at the EGM, the Company considered that more time should be allowed to obtain further information and to ascertain from the relevant parties as to whether there is any possibility they may be able to resolve the issues described above, and it would not be in the best interests of the Company to proceed with voting on the resolutions specified in the Notice of EGM at this stage. None of the Three Parties or the Other Party is related to China Times and its concert parties, who currently hold approximately 20.8% of the total number of Ordinary Shares in issue of the Company and who were required to abstain from voting on the Resolutions at the EGM. In light of the above, without considering or submitting any of the Resolutions for voting, the Chairman of the EGM, with the approval of a majority of votes cast by those Shareholders who were present (whether in person, by proxy or by corporate representative(s)), adjourned the EGM to a date to be further determined.
The total number of Ordinary Shares of the Company in issue as at the date of EGM was 5,591,195,552. Holders of these shares were entitled to vote for or against the resolution to adjourn the EGM. There were no Ordinary Shares whose holders were only entitled to vote against the resolution to adjourn the EGM. A total of 1,725,435,623 votes, representing 100% of the total number of Ordinary Shares of the Company held by holders who were present at the EGM, whether in person or by proxy or by corporate representatives(s), and entitled to vote on the resolution voted in favour of the resolution to adjourn the EGM and a total of 0 votes, representing 0% of the total number of Ordinary Shares of the Company held by such holders voted against such resolution.
The branch share registrar of the Company in Hong Kong, Tricor Investor Services Limited, acted as the scrutineer for the vote-taking at the EGM.
Notice of the adjourned EGM will be given to the Shareholders in due course in accordance with the Bye-Laws of the Company and the Listing Rules. Any other document to be sent by the Company or China Times to the Shareholders in connection with the Acquisition subsequent to the date of the Circular will have to be in compliance with, among other provisions, Rule 8.5 of the Takeovers Code. Further announcement(s) will be made by the Company to keep Shareholders informed of any development in this matter.
SUSPENSION AND RESUMPTION OF TRADING
Trading in the Ordinary Shares and Preference Shares on the Stock Exchange was suspended with effect from 1:30 p.m. on 16 January 2012 at the request of the Company pending the publication of this announcement. An application has been made by the Company to the Stock Exchange for the resumption of trading in the Ordinary Shares and Preference Shares with effect from 9:00 a.m. on 17 January 2012.
ROB up as much as 0.4c to 2.2c intraday. Cash at the end of December 2011 at A$901.8K
Robe: Monthly Report
January 17, Robe Australia Limited (ASX:ROB) --
Winsway: RESIGNATION OF NON-EXECUTIVE DIRECTOR AND APPOINTMENT OF NON-EXECUTIVE DIRECTOR
January 16, Winsway Coking Coal Holdings Limited (HK:1733)
RESIGNATION OF DIRECTOR
The board of directors (the "Board") of Winsway Coking Coal Holdings Limited (the "Company") announces that Mr. Cui Guiyong ("Mr. Cui") has tendered his resignation as a non-executive director of the Company with effect from 16 January 2012 due to his intention to focus on his other business commitments.
Mr. Cui has confi rmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board wishes to express its sincere gratitude to Mr. Cui for his invaluable contribution to the Company during his period of service.
APPOINTMENT OF DIRECTOR
The Board is pleased to further announce that Mr. Delbert Lee Lobb, Jr. ("Mr. Lobb") has been appointed as a non-executive director of the Company with effect from 16 January 2012.
Mr. Lobb, aged 54, has more than 30 years of global coal industry experience with roles in engineering and operations management, which include executive level responsibilities. Mr. Lobb is currently the Senior Vice President of Operations Development — Asia of Peabody Energy Corporation ("Peabody"). Mr. Lobb has been responsible for large-scale surface and underground mines for Peabody in the United States. Previously he was the Group Executive of Peabody's Powder River Basin Operations located in Wyoming, and Operations Manager of Peabody's Twentymile underground mine in Colorado.
Mr. Lobb is currently a member of the board of directors of Peabody-Winsway Resources B.V., a joint venture between the Company and Peabody, and a board member of the University of Kentucky Mining Engineering Foundation. Mr. Lobb previously served on the board of a number of United States-based mining associations and as the chief executive officer, president and board member of Westmoreland Coal Company, a US publicly traded coal mining company, from May 2008 to January 2009.
Mr. Lobb graduated from the University of Kentucky, the United States, with a Bachelor's Degree in Civil Engineering (Mining Option), and from Vanderbilt University, the United States, with a Master's Degree in Business Administration. Mr. Lobb is a registered Professional Mining Engineer in the United States.
As at the date of this announcement, Mr. Lobb does not have any interest in shares or underlying shares in the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Company will enter into a letter of appointment with Mr. Lobb for an initial term commencing from 16 January 2012 until the next following annual general meeting of the Company and he will be subject to re-election at the next following annual general meeting of the Company in accordance with the articles of association of the Company. Mr. Lobb is not entitled to any director's emoluments.
Save as disclosed above, Mr. Lobb has not held any directorships in other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years prior to the date of his appointment and does not hold any other position with the Company or its subsidiaries. As at the date of this announcement, Mr. Lobb does not have any relationship with any director, senior management, substantial shareholder other than Peabody or controlling shareholder of the Company.
Save as disclosed above, there is no other matter relating to the appointment of Mr. Lobb that needs to be brought to the attention of the shareholders of the Company and there is no other information that needs to be disclosed pursuant to the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board expresses its warmest welcome to Mr. Lobb on joining the Board.
STOCK EXCHANGE WEEKLY REVIEW
Ulaanbaatar, Mongolia, January 16 /MONTSAME/ Five stock trades were held at Mongolia's Stock Exchange on January 9-13. In overall, 913.1 thousand shares were sold of 80 joint-stock companies totaling MNT 498.5 million.
Index TOP-20 was 20080.0 points decreasing 789.40 units or 3.8% against the week earlier. The total market capitalization was set at MNT two trillion 26.3 billion decreasing MNT 69.6 billion or 3.3%.
Shares of "Bayantooroi" /101.0%/, "Tsagaantolgoi" /100.3%/, and "Ondorkhaan" /98.9%/ increased, but shares of "Avtoimpex" /24.9%/, "Bokhog" /15.0%/, and "Sav shim" /15.0%/ decreased. 33 stocks closed higher, 36 shares declined and 11 shares remained unchanged. Shares of "Silikat" /279.4 thousand units/, "Remikon" /279.0 thousand units/ and "Genco tour bureau" /112.9 thousand units/ were the most actively traded in terms of trading volume and in terms of trading value--"APU" (MNT 64.8 million), "Silikat" (MNT 63.9 million), and "Remikon" (48.1 million).
PM to Submit Ministerial Candidates to President
January 17 (from news.mn) PM Batbold is introducing six cabinet member candidates to the President, in accordance with the law, then to be approved by the parliament.
MPP faction and Managing Council's candidates for First Deputy PM is MPP Secretary-General U. Khurelsukh, for Finance Minister MP D. Khayankhyarvaa, for Defense Minister MP J. Enkhbayar, for Environment Minister former Foreign Ministry's State Secretary D. Tsogtbaatar, for Health Minister the incumbent State Secretary N. Khurelbaatar, and for Roads, Transportation, Construction and Urban Development Minister MP Ts. Dashdorj.
Link to article (in Mongolian)
Mongolia's First Thermoblock House
December 12 (Gateway Development International) Gateway Development Mongolia (GDM) showcased Mongolia's first ThermoBlock house last week in Yarmag. ThermoBlock is a locally manufactured stay-in-place Insulated Concrete Form that has been used throughout the United States and Canada for a decade. The proprietary technology produces blocks that are stronger, warmer, faster to construct, healthier, and cheaper than comparable wall systems.
GDM is a US-Mongolian joint venture with a portfolio of 'better, faster, cheaper, and greener' technologies for Mongolia's infrastructure, construction and water & sanitation sectors. Led by Dr. Adam Saffer, a Cornell engineer and Harvard MBA with 30 years international business experience, GDM offers property owners, investors, developers, and government agencies a commercially and environmentally preferred alternative to conventional and traditional approaches.
At the opening ceremony, comments were made by representatives of the US, Mongolian and German governments as well as the Mongolian property development and construction sector. The US Ambassador, Jonathan Addleton, said, "I welcome the fact that an American business, in conjunction with Mongolian partners, is the catalyst for this joint venture and the new technology that comes with it." Addleton added that ThermoBlock is a much needed energy efficient technology that is "made in Mongolia, by Mongolians".
ThermoBlock Technical Highlights:
· Superb insulation (U=0.026), reducing fuel costs and increasing comfort
· Much faster to construct than conventional methods
· MNS certified
· A fire rating of UL Class 1 (ASTM E-84), the best rating possible in the US
· A price that is competitive to alternative wall assemblies
· NO CARCASS is needed for buildings up to 3 stories
· Usable for infill or as a thermal blanket for high rise buildings with a carcass
· Eliminates air infiltration, provides superior indoor air quality
· A very quiet wall with a high sound abatement coefficient (STC 52)
· Eliminated vapor infiltration, preventing moisture, mold, and bacteria
· Is not a food source and thus prevents problems from animals or insects
· Very flexible in architectural design, interior and exterior finishing, and other design elements
GDM also offers ThermoSeal, a portfolio of top quality Spray Polyurethane Foam (SPF) products to quickly add insulation to both new construction and existing buildings. Used primarily for roofs, ceilings, walls and floors, ThermoSeal is faster to apply, has better insulation qualities and is more durable and economical than alternatives such as fiberglass, rock wool, and EPS. Other GDM technologies include RoadGuard soil stabilizers for road construction and building foundations and our GETS Water & Sanitation System, a much cheaper, greener, and faster solution for water and wastewater recycling and sewage treatment.
Delegates discuss mining sector development issues
January 16 (news.mn) The Ministry of Nature, Environment and Tourism organized a forum on responsible development in mining sector at the Government House over the weekend.
Ministers, officials, 400 preservationists from the countryside, managing officials from some 100 soums that have ecological problems, ecological specialists from the offices of aimag governors, and citizens groups took part in the forum.
Nature, Environment and Tourism Minister L.Gansukh opened the forum with a speech. He noted that nature and environment would be root of stable development and all organizations' and citizens' effort to protect nature and environment would be a significant issue.
MP S.Oyun, Nature, Environment and Tourism Deputy Minister Ch.Jargalsaikhan, Head of Civil Council of Nature and Environment D.Ganbold, and other officials answered questions from delegates at discussion on theme "Stable Development and the Mining Sector". The most interested question was about water because many rivers and lakes dried due to mining activity. Besides, water is scarce in gobi region where Oyutolgoi and Tavantolgoi deposit mines economic circulation is being developed.
Delegates concluded that understanding of "responsible mining" should be realized in mining sector and environment friendly mining activity should be disseminated. Besides, delegates have issued an appeal from discussed problems at the forum. The appeal has included some issues such as Parliament to pass packet law on nature and environment, to intensify enforcement of laws on nature protection, to form recovery fund.
Besides, the ministry officials expressed their hope that results of air pollution reduction and environment degradation fight would be taken in 2012.
CTU informs to organize demonstration
January 17 (news.mn) On Monday, Confederation of Trade Unions S.Ganbaatar informed journalists that CTU to organize protest demonstration in the state on Friday.
He stated that trade unions have demanded a meeting of the trilateral national committee of the Labor Social Agreement on January 13. But the Government has not accepted request to conclude an agreement along consumer goods' and service price increase due to gasoline price raise. S.Ganbaatar said that working groups to organize demonstration have been established and demonstration would be organized in the capital and 21 aimags.
Meat price falls
January 16 (news.mn) Ulaanbaatar budget has allocated MNT6.8 billion to reserved meat preparation and Mayor G.Munkhbayar has checked reserved meat quality last week.
The capital residents say reserved meat sell influences to fall meat price. About 12,000 tons of meat from 22 companies is being sold in supermarkets. A kilo of beef costs MNT3,700; of mutton MNT3,200; and of goat MNT2,600. The prices are cheaper two times than meat prices at markets last week.
Residents of Dalanzadgad city without electricity and heating
January 17 (news.mn) Power plant's turbine generator of Dalanzadgad, Umnugobi aimag has been broken down on December 18, 2011 and power plant has been stopped on January 10, officials informed from Dalanzadgad city.
Coal stone content has been influenced to generator's fault. Local administration has been invested USD3.9 million to construction of power plant extension in 2011 but power plant has had breakage during its test.
Now diesel stations generate only heating in the city in limited schedule. Hospitals and communication organizations have electricity and households could have it from mid night to 7 am.
Managing officials of the aimag have sent their request to the Government and State Emergency Commission that five soums have difficulty on electricity and heating due to power plant stop. Besides, Trade Union of Umnugobi aimag organized a meeting among managing officials of power plant and residents who demanded urgent connection of 110 kilo watt line between Tsogttsetsii and Dalanzadgad viewing the best way to decide current situation. A power plant will start to work in Tsogttsetsii soum in September. Also they demanded Mineral Resources and Energy Minister D.Zorigt and Chief of Dalanzadgad power plant Ts.Bayarbaatar to promptly decide power plant fault.
Power plant of Dalanzadgad has been built by South Korean Hyundai Engineering in USD9.3 million of soft loan from South Korea. The Government has accepted it on October 26, 2000.
Telstra pops in Frankfurt en route to HK via Mongolia
January 16 (DatacenterDynamics) Telstra International extended with a Point-of-Presence (PoP) in Frankfurt and provision of a new low latency telecommunications route from Europe to Asia.
The new interconnection point gives Telstra two major entry points into Europe and access to the major telecommunications hub for Eastern Europe, providing more diverse access to the European market from Asia, it said.
Telstra is also providing a trans Mongolian connection route from Europe to Asia.
The Frankfurt PoP and new route will go live in March 2012. Telstra International Senior Vice President for Global Carrier Services, Mr Jim Clarke, said the new route addresses a substantial market for low latency services between the regions.
"The Frankfurt PoP and the trans-Mongolian route offer one of Europe's most reliable and shortest connections to and from Hong Kong compared to the traditional route via the Mediterranean Sea which is currently used to deliver reliable bandwidth between the two regions." Mr Clarke said.
Telstra has 1,400 PoPs in 230 countries and territories.
Separately Cincinnati Bell subsidiary CyrusOnce opened up in Singapore with an 3,200 sq ft data center offering 150 watts per sq ft with uninterrupted power with N+1 and 2N parallel redundancies.
"We're expanding into Singapore because it is one of the world's leading energy markets. We have a long history serving Fortune 1000 oil and gas customers, and establishing our presence there enables our customers to mirror the same performance successes they've come to expect from a data center provider," said Gary Wojtaszek, CEO and president, CyrusOne.
Mongolian president calls for wider use of traditional script
ULAN BATOR, Jan. 16 (Xinhua) -- Mongolian President Tsakhiagiin Elbegdorj on Monday appealed for increased use of the country's traditional script, local media reported.
Presenting awards at a national calligraphy contest ceremony, Elbegdorj said promotion of traditional Mongolian script should be duty of every Mongolian president and senior leaders of the state, as it was one of the cultural values of the Mongolian people.
"Making traditional script a part of everyday life requires time and effort. Though we are encountering many challenges, the number of people who know the script is on the rise year by year," he said.
Last July, the president ordered the use of the vertical script in high-ranking official letters and documents, such as birth and marriage certificates and educational diplomas.
The traditional Mongolian alphabet was used until 1946 when the Cyrillic alphabet was introduced. The government started a campaign to re-introduce it for public use in the early 1990s. But the Cyrillic alphabet remains the mainstay of daily life and is used in almost all books and newspapers in Mongolia.
Ivanhoe Mines (IVN) - Stock and Vol Pop Right Now, Upside Skew Explodes to "Takeover" Like Levels
January 16 (ForexPros) Ivanhoe Mines Ltd. (IVN) is an international mineral exploration and development company. The Company's principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia.
This another order flow note with some awesome looking skew to go with it. First, let's look at a bit of recent history. On 12-13-2011, IVN dropped 20% (ish) on news that Rio Tinto would consider raising its stake in the firm but not a takeover bid. I got that news from an AP article via Yahoo! Finance: K12, Ivanhoe, Urban Outfitters are big movers. We can see the stock move relative to the rest of the past 6 months in the Chart at the end of this article.
Let's start wit the order flow today. IVN has traded over 30,000 contracts on total daily average option volume of just 9,681. Calls have traded on a 7.7:1 ratio to puts with the Jan 21 calls trading over 15,500 times. Those Jan calls like like substantially purchases. The Stats Tab and Day's biggest trades snapshots are included (below).
The Options Tab (below) illustrates that the Jan 21 calls are mostly opening (compare OI to trade size). We can also see that the Jan 22 calls show a large OI of 14,839. I believe that existing interest is short based on some action on 12-7-2011, where OI rose after a 1,600 lot traded @ $3.20 in a buy-write on a $3.20 x $3.40 market.
The Skew Tab snap (below) illustrates the vols by strike by month.
Here's where it gets interesting. The upside skew in IVN in Jan is super bid. Dare I say, super duper. Hmm, super duper reminds of Superbowl XIX -- Niners vs Dolphins; Niners held the high flying Dan Marino led Dolphins and receivers Mark Clayton and Mark "super" Duper down... Anybody?... No?...
I digress. The upside skew is bid, extraordinarily so in fact. That upside bend has been developing over the last month after starting out quite flat. I've included the skew for IVN as of 12-23-2011 (when Jan and Feb were also the front two months).
We can see how flat that skew "used to be." In fact, as I'm writing this article, IVN has popped an additional $0.40 (ish). The tick chart is included below.
Check out that pop right now! This feels like takeover rumor mania -- bid upside skew and a popping stock midday.
Finally, the Charts Tab (6 months) is below. The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20 - blue vs HV180 - pink).
We can see the abrupt drop on 12-13-2011, discussed above. IVN stock saw another flurry of selling in early Aug dropping for ~$26 to a teenager by mid/late Aug. On the vol side, we can see that even with the pop today, the implied is still trading well below the long-term historical realized vol. Let's see where this upside move and rumor-like order flow and skew lead.
This is trade analysis, not a recommendation.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,147.24 | -48.65 | -1.16% | 4,191.30 | 4,191.30 | 4,138.50 | 0 | 16-Jan | ||||
Nikkei 225 | 8,378.36 | -121.66 | -1.43% | 8,409.79 | 8,409.79 | 8,352.23 | 0 | 16-Jan | |||||
Hang Seng | 19,012.20 | -192.22 | -1.00% | 19,070.74 | 19,070.74 | 18,985.75 | 0 | 16-Jan | |||||
MSE Top 20 | 20,248.10 | 168.10 | 0.84% | 20,248.10 | 20,248.10 | 20,248.10 | 0 | 16-Jan | |||||
FTSE 100 | 5,657.44 | 20.80 | 0.37% | 5,636.64 | 5,662.88 | 5,609.87 | 669,824 | 16-Jan | |||||
TSX Composite | 12,258.60 | 27.54 | 0.23% | 12,232.60 | 12,272.46 | 12,226.60 | 94,795,469 | 16-Jan | |||||
S&P 500 | 1,289.09 | -6.41 | -0.49% | 1,294.82 | 1,294.82 | 1,277.58 | 0 | 13-Jan | |||||
ASX | Aspire Mining | AUD | 0.345 | -0.015 | -4.17% | 0.355 | 0.355 | 0.345 | 576,423 | 16-Jan | -6.76% | -51.06% | |
Blina Minerals | AUD | 0.004 | 0 | 0.00% | 0.004 | 0.004 | 0.004 | 825,000 | 16-Jan | -20.00% | -77.78% | ||
Cougar Energy | AUD | 0.015 | 0 | 0.00% | 0.015 | 0.015 | 0.014 | 1,973,645 | 16-Jan | -6.25% | -68.75% | ||
Draig Resources | AUD | 0.455 | -0.015 | -3.19% | 0.47 | 0.47 | 0.455 | 120,493 | 16-Jan | -40.13% | |||
FeOre | AUD | 0.275 | 0 | 0.00% | 0.275 | 0.275 | 0.275 | 0 | 11-Jan | -1.79% | |||
General Mining | AUD | 0.045 | 0 | 0.00% | 0.045 | 0.045 | 0.045 | 0 | 13-Jan | 9.76% | -67.86% | ||
Guildford Coal | AUD | 0.755 | -0.025 | -3.21% | 0.74 | 0.77 | 0.735 | 140,580 | 16-Jan | 0.67% | 2.03% | ||
Haranga Resources | AUD | 0.33 | -0.015 | -4.35% | 0.345 | 0.345 | 0.33 | 199,000 | 16-Jan | 15.79% | -50.38% | ||
Hunnu Coal | AUD | 0 | |||||||||||
Modun Resources | AUD | 0.042 | 0 | 0.00% | 0.042 | 0.042 | 0.042 | 68,500 | 16-Jan | -6.67% | 281.82% | ||
Mongolian Res Corp | AUD | 0.125 | 0 | 0.00% | 0.125 | 0.125 | 0.125 | 0 | 30-Dec | 0.00% | -63.24% | ||
Robe Australia | AUD | 0.018 | 0 | 0.00% | 0.018 | 0.018 | 0.017 | 1,617,993 | 16-Jan | 28.57% | 111.77% | ||
Voyager Resources | AUD | 0.074 | -0.003 | -3.90% | 0.076 | 0.077 | 0.074 | 3,556,778 | 16-Jan | 8.82% | 46.11% | ||
Xanadu Mines | AUD | 0.335 | 0 | 0.00% | 0.335 | 0.335 | 0.335 | 84,837 | 16-Jan | -2.90% | -50.74% | ||
MSE A Board | Aduunchuluun | MNT | 5,305 | -693 | -11.55% | 5,800 | 5,800 | 5,300 | 2,147 | 16-Jan | -11.58% | -55.79% | |
APU | MNT | 3,900 | 0 | 0.00% | 3,900 | 3,950 | 3,800 | 2,828 | 16-Jan | -7.14% | 63.18% | ||
Atar Urguu | MNT | 37,700 | 201 | 0.54% | 37,500 | 37,700 | 37,500 | 52 | 16-Jan | ||||
Baganuur | MNT | 10,611 | -389 | -3.54% | 10,650 | 10,650 | 10,610 | 389 | 16-Jan | -19.00% | -3.52% | ||
Mogoin Gol | MNT | 32,000 | 0 | 0.00% | 32,000 | 32,000 | 32,000 | 22 | 16-Jan | 3.23% | 175.86% | ||
BDSec | MNT | 3,500 | 0 | 0.00% | 3,500 | 3,500 | 3,500 | 0 | 13-Jan | 0.00% | 40.00% | ||
Bayangol Hotel | MNT | 35,500 | 100 | 0.28% | 35,400 | 35,500 | 35,400 | 86 | 16-Jan | -1.25% | 49.79% | ||
Bayanteeg | MNT | 36,000 | 0 | 0.00% | 36,000 | 36,000 | 36,000 | 0 | 30-Dec | 0.00% | 323.53% | ||
UB BUK | MNT | 32,500 | 0 | 0.00% | 32,500 | 32,500 | 32,500 | 0 | 30-Dec | 0.00% | 437.19% | ||
Eermel | MNT | 3,100 | -50 | -1.59% | 3,150 | 3,200 | 3,100 | 154 | 16-Jan | 10.71% | 29.98% | ||
Gobi | MNT | 5,010 | -140 | -2.72% | 5,010 | 5,010 | 5,010 | 85 | 16-Jan | -2.72% | -8.91% | ||
Gutal | MNT | 4,980 | 380 | 8.26% | 4,980 | 4,980 | 4,980 | 3 | 16-Jan | 477.73% | |||
Hi B Oil | MNT | 170 | -5 | -2.86% | 170 | 170 | 170 | 700 | 16-Jan | -10.53% | -2.86% | ||
Khukh Gan | MNT | 184 | 0 | 0.00% | 184 | 185 | 184 | 0 | 13-Jan | -8.00% | -0.54% | ||
Hermes Centre | MNT | 67 | 0 | 0.00% | 67 | 67 | 67 | 187,386 | 16-Jan | 19.64% | 24.07% | ||
Jenko Tour Bureau | MNT | 92 | -1 | -1.08% | 92 | 92 | 92 | 959 | 16-Jan | -2.13% | 2.22% | ||
Telecom Mongolia | MNT | 2,655 | 0 | 0.00% | 2,700 | 2,701 | 2,655 | 0 | 13-Jan | -1.67% | -29.20% | ||
Mongolia Dev Res | MNT | 949 | 0 | 0.00% | 950 | 950 | 949 | 0 | 13-Jan | -6.04% | -27.00% | ||
Moninjbar | MNT | 130 | 0 | 0.00% | 130 | 130 | 130 | 0 | 13-Jan | 0.00% | 18.18% | ||
Mongol Nekhmel | MNT | 4,100 | 0 | 0.00% | 3,900 | 4,199 | 3,800 | 0 | 12-Jan | 25.00% | 232.25% | ||
Hotel Mongolia | MNT | 800 | 0 | 0.00% | 800 | 899 | 800 | 0 | 13-Jan | -11.01% | 40.35% | ||
Darkhan Nekhii | MNT | 8,080 | 0 | 0.00% | 8,000 | 8,500 | 8,000 | 0 | 13-Jan | 30.32% | 77.54% | ||
Nak Tulsh | MNT | 180 | 0 | 0.00% | 180 | 180 | 180 | 0 | 13-Jan | 2.86% | -43.75% | ||
Olloo | MNT | 235 | 0 | 0.00% | 235 | 235 | 235 | 63 | 16-Jan | -1.67% | 48.73% | ||
Remikon | MNT | 174 | 1 | 0.58% | 170 | 174 | 170 | 39,364 | 16-Jan | -1.14% | 132.00% | ||
Sharyn Gol | MNT | 10,500 | -300 | -2.78% | 10,800 | 10,800 | 10,500 | 362 | 16-Jan | -7.49% | -6.25% | ||
Shivee Ovoo | MNT | 14,700 | -300 | -2.00% | 15,000 | 15,000 | 14,700 | 215 | 16-Jan | -3.92% | 3.52% | ||
Sor | MNT | 3,600 | -350 | -8.86% | 3,600 | 3,600 | 3,600 | 20 | 16-Jan | -5.76% | 217.18% | ||
Suu | MNT | 65,000 | 0 | 0.00% | 65,000 | 65,000 | 65,000 | 0 | 11-Jan | 0.00% | 169.71% | ||
Tav | MNT | 0 | |||||||||||
Talkh Chikher | MNT | 11,100 | 100 | 0.91% | 11,000 | 11,100 | 11,000 | 160 | 16-Jan | 5.71% | 164.29% | ||
Tavantolgoi | MNT | 10,000 | 399 | 4.16% | 10,000 | 10,000 | 10,000 | 972 | 16-Jan | -9.09% | 64.04% | ||
State Dept Store | MNT | 500 | -18 | -3.47% | 500 | 500 | 500 | 3,482 | 16-Jan | -13.79% | 20.48% | ||
Ulaanbaatar Hotel | MNT | 45,000 | 400 | 0.90% | 45,000 | 45,000 | 45,000 | 10 | 16-Jan | 0.00% | 63.64% | ||
Mongol Savkhi | MNT | 2,615 | 0 | 0.00% | 2,651 | 2,651 | 2,615 | 0 | 12-Jan | 1.08% | 375.46% | ||
Zoos Goyol | MNT | 850 | -30 | -3.41% | 825 | 850 | 825 | 106 | 16-Jan | -9.57% | 2.41% | ||
HKEx | Solartech Int'l | HKD | 0.172 | -0.002 | -1.15% | 0.18 | 0.18 | 0.166 | 1,930,000 | 16-Jan | -2.82% | -76.11% | |
Winsway | HKD | 2.03 | -0.09 | -4.25% | 2.08 | 2.09 | 2 | 5,376,000 | 16-Jan | -11.35% | -53.94% | ||
SouthGobi Resources | HKD | 47.4 | -1.4 | -2.87% | 47.85 | 47.85 | 46.8 | 10,892 | 16-Jan | 4.06% | -57.22% | ||
China Gold | HKD | 22.5 | 0.15 | 0.67% | 22.3 | 22.5 | 22.05 | 14,500 | 16-Jan | 23.63% | -43.68% | ||
CNNC Int'l | HKD | 2.23 | -0.11 | -4.70% | 2.3 | 2.31 | 2.22 | 627,000 | 16-Jan | 10.40% | -67.35% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 16-Jan | 0.00% | -29.93% | ||
Mongolia Energy | HKD | 0.66 | -0.02 | -2.94% | 0.68 | 0.68 | 0.65 | 3,886,000 | 16-Jan | -5.71% | -72.95% | ||
Zijin Mining | HKD | 3.05 | -0.08 | -2.56% | 3.07 | 3.11 | 3.02 | 14,145,167 | 16-Jan | 4.45% | -30.42% | ||
Mongolia Inv Group | HKD | 0.05 | 0 | 0.00% | 0.049 | 0.051 | 0.049 | 2,432,000 | 16-Jan | 8.70% | -58.68% | ||
North Asia Resources | HKD | 0.215 | -0.002 | -0.92% | 0.228 | 0.228 | 0.215 | 60,000 | 16-Jan | -3.15% | -76.11% | ||
China Daye Non-Fer. | HKD | 0.42 | -0.03 | -6.67% | 0.45 | 0.45 | 0.42 | 6,512,000 | 16-Jan | -8.70% | -28.81% | ||
Bestway Int'l | HKD | 0.056 | 0 | 0.00% | 0.056 | 0.056 | 0.056 | 0 | 16-Jan | -8.20% | -56.59% | ||
Asia Coal | HKD | 0.094 | -0.001 | -1.05% | 0.094 | 0.094 | 0.094 | 0 | 16-Jan | -10.48% | -60.50% | ||
Mongolian Mining | HKD | 5.76 | -0.14 | -2.37% | 5.75 | 5.89 | 5.6 | 604,705 | 16-Jan | -1.37% | -42.52% | ||
SGX | LionGold | SGD | 0.875 | 0 | 0.00% | 0.875 | 0.88 | 0.87 | 7,182,000 | 16-Jan | 0.57% | 24.11% | |
LSE | Central Asia Metals | GBp | 58.125 | 0.375 | 0.65% | 58.125 | 58.125 | 58.125 | 0 | 16-Jan | 2.20% | -35.24% | |
Petro Matad | GBp | 34.75 | 1.75 | 5.30% | 33 | 34.75 | 32.5 | 332,575 | 16-Jan | 40.40% | -71.34% | ||
Metal-Tech | GBp | 4.25 | 0 | 0.00% | 4.25 | 4.25 | 4.25 | 0 | 16-Jan | 13.33% | -77.33% | ||
Nova Resources | GBp | 8.5 | 1.75 | 25.93% | 7.5 | 9.25 | 7.5 | 368,545 | 16-Jan | 257.90% | |||
Origo Partners | GBp | 34 | -0.25 | -0.73% | 34.25 | 34.25 | 34 | 54,854 | 16-Jan | -2.86% | -20.93% | ||
Canada | Aberdeen Int'l | CAD | 0.61 | 0.02 | 3.39% | 0.59 | 0.61 | 0.58 | 174,275 | 16-Jan | -6.15% | -14.23% | |
Altan Rio Minerals | CAD | 0 | |||||||||||
Blue Zen Mem. Parks | CAD | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.05 | 0 | 13-Jan | 0.00% | -95.65% | ||
Centerra Gold | CAD | 18.7 | 0.23 | 1.25% | 18.74 | 18.8 | 18.37 | 61,236 | 16-Jan | 3.89% | 10.28% | ||
China Gold | CAD | 2.99 | 0 | 0.00% | 2.89 | 3.02 | 2.89 | 12,707 | 16-Jan | 16.80% | -39.96% | ||
Desert Eagle Res | CAD | 0.27 | 0 | 0.00% | 0 | 5-Jan | -86.36% | ||||||
Denison Mines | CAD | 1.91 | 0.3 | 18.63% | 1.61 | 1.97 | 1.6 | 6,241,806 | 16-Jan | 50.39% | -42.12% | ||
East Asia Minerals | CAD | 0.51 | 0 | 0.00% | 0.5 | 0.51 | 0.5 | 59,900 | 16-Jan | 8.51% | -91.84% | ||
Erdene Resource | CAD | 0.345 | 0 | 0.00% | 0.345 | 0.355 | 0.345 | 19,800 | 16-Jan | -8.00% | -77.74% | ||
Entree Gold | CAD | 1.26 | 0.06 | 5.00% | 1.21 | 1.26 | 1.21 | 5,800 | 16-Jan | 1.61% | -59.09% | ||
Fortress Minerals | CAD | 4.05 | 0 | 0.00% | 4.05 | 4.05 | 4.05 | 0 | 10-Jan | -1.22% | -19.00% | ||
Gulfside Minerals | CAD | 0.09 | 0 | 0.00% | 0.09 | 0.09 | 0.09 | 0 | 13-Jan | 5.88% | 0.00% | ||
Ivanhoe Energy | CAD | 1.1 | 0.02 | 1.85% | 1.05 | 1.12 | 1.05 | 102,869 | 16-Jan | -1.79% | -64.86% | ||
Ivanhoe Mines | CAD | 20.15 | -0.15 | -0.74% | 20.45 | 20.52 | 19.9 | 326,498 | 16-Jan | 11.39% | -21.35% | ||
Kincora Copper | CAD | 0.31 | 0 | 0.00% | 0.295 | 0.31 | 0.295 | 0 | 13-Jan | 0.00% | 58.97% | ||
Khan Resources | CAD | 0.195 | 0.005 | 2.63% | 0.19 | 0.23 | 0.19 | 17,000 | 16-Jan | -2.50% | -58.95% | ||
Lucky Strike | CAD | 0.33 | 0 | 0.00% | 0.33 | 0.33 | 0.33 | 0 | 13-Jan | -7.04% | -75.56% | ||
Meritus Minerals | CAD | 0.05 | 0.005 | 11.11% | 0.045 | 0.05 | 0.045 | 272,000 | 16-Jan | 100.00% | -68.75% | ||
Manas Petroleum | CAD | 0.15 | 0.01 | 7.14% | 0.155 | 0.155 | 0.15 | 25,000 | 16-Jan | 3.45% | |||
Prophecy Coal | CAD | 0.42 | 0 | 0.00% | 0.42 | 0.42 | 0.405 | 389,405 | 16-Jan | 2.44% | -50.93% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.28 | -0.04 | -0.63% | 6.75 | 6.75 | 6.28 | 17,534 | 16-Jan | 4.67% | -56.02% | ||
Solomon Resources | CAD | 0.08 | 0 | 0.00% | 0.075 | 0.08 | 0.075 | 0 | 13-Jan | 14.29% | -56.76% | ||
Undur Tolgoi Minerals | CAD | 0.2 | 0 | 0.00% | 0.2 | 0.2 | 0.2 | 0 | 12-Jan | 0.00% | 3900.00% | ||
Mongolia Growth Grp | CAD | 4.04 | 0 | 0.00% | 4.04 | 4.04 | 4.04 | 0 | 13-Jan | 3.59% | |||
US | Denison Mines | USD | 1.57 | -0.01 | -0.63% | 1.57 | 1.6 | 1.5 | 1,122,699 | 13-Jan | 25.60% | -52.85% | |
Entree Gold | USD | 1.23 | 0.0301 | 2.51% | 1.19 | 1.23 | 1.17 | 59,364 | 13-Jan | 2.50% | -60.58% | ||
Ivanhoe Energy | USD | 1.08 | 0.03 | 2.86% | 1.05 | 1.08 | 1.02 | 951,341 | 13-Jan | -3.57% | -65.71% | ||
Ivanhoe Mines | USD | 19.84 | 0.94 | 4.97% | 18.67 | 20.02 | 18.52 | 5,521,775 | 13-Jan | 11.96% | -23.52% | ||
Manas Petroleum | USD | 0.138 | 0.003 | 2.22% | 0.139 | 0.14 | 0.131 | 432,510 | 13-Jan | -6.44% | -77.56% | ||
Mongolia Growth Grp | USD | 3.95 | -0.0105 | -0.27% | 3.9492 | 3.95 | 3.9492 | 2,200 | 13-Jan | 2.73% | |||
Blue Wolf MGL | USD | 9.63 | 0 | 0.00% | 9.55 | 9.63 | 9.55 | 0 | 12-Jan | 0.10% | |||
Blue Wolf MGL Unit | USD | 10.12 | 0 | 0.00% | 10.12 | 10.12 | 10.12 | 0 | 12-Jan | 0.70% |
---
"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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