Tuesday, March 29, 2011

[cpsinewswire] [CPSI NewsWire: MRC Completes Reverse Takeover of Alamar (ASX:ALG)]

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at or +976-99996779.

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Close: Mongolia Related ASX Listed Companies, March 28, 2010



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 0.072  Down









 1.480  No change









 0.490  Down









 0.855  Down









 0.400  No change









 0.020  Down









 0.006  No change









 0.225  Up









 0.285  Up









 0.580  Up









 29.500  No change









 81.830  Down









 44.450  Down










Alamar Resources: Results of General Meeting

March 28 (Mogi) --

Alamar Resources Limited (ASX:ALG) announced results of today’s General Meeting. Highlights:

-       ALG has currently 26M shares on issue

-       55M shares, 45M Performance Shares, 12.5M Options (25c) to be issued pursuant to Acquisition. Vendors to have 57.7% of voting power (on a fully diluted basis: consideration shares (55M),  exercise of options (12.5M), conversion of performance shares (45M))

-       40M shares to be issued pursuant to capital raising. 25c each to raise A$10M.

-       Appointment of Ms. TANAN Jargalsaikhan and Mr. JARGALSAIKHAN Naidansuren (shareholders of MRCMGL LLC), and Mr. James Bickel (Independent Director) to Board. 2 existing directors (Stockley Davis, Carey Smith) will remain with 2 resigning (Michael Cartwright, Grant Button)

-       To be renamed Mongolian Resource Corporation Limited

Details of Agreement to acquire MRC includes: “… when aggregated with Shares allocated in the Capital Raising to Mongolian persons, the holdings of the Vendors would represent not less than 50% of the enlarged ordinary share capital of the company on both an undiluted and fully diluted basis,”

Link to Results of General Meeting

Link to Notice of General Meeting


Ivanhoe says Mongolia project ahead of schedule

* Sets 2011 capital budget for Oyu Tolgoi at $2.3 billion

* Yr net loss 42 cents/shr vs 69 cents/shr a year earlier

* Shares down 0.26 percent at C$26.77 on TSX

(Figures in U.S. dollars)

TORONTO, March 28 (Reuters) - Ivanhoe Mines Ltd <IVN.TO> said on Monday that key parts of its Oyu Tolgoi copper-gold-silver project in Mongolia are currently ahead of schedule.

The massive project, which Ivanhoe is being developing in partnership with Anglo-Australian miner Rio Tinto (RIO.AX) (RIO.L), is expected to begin commercial production in the first half of 2013.

Rio Tinto currently owns a 42.1 percent stake in Ivanhoe and can gradually raise this stake up to 49 percent. The Oyu Tolgoi project itself is 66 percent owned by Ivanhoe with the government of Mongolia owning the remainder.

Ivanhoe estimates capital expenditures on the project will be about $2.3 billion in 2011. Ivanhoe said as of March 28, its consolidated cash position was about $1.9 billion.

Ivanhoe also reported a full-year net loss of $211.5 million, or 42 cents a share. That compared with a full-year net loss of $280.2 million, or 69 cents a share in 2009.

Shares fell as much at 3.45 percent to C$25.91, but soon recovered to C$26.77.

Link to article

Link to IVN 2010 Results


MMC flat with 3c down to HK$9.99 on 28th

MMC plans acquisitions to hedge coking coal glut - press

March 28 (ETNet) Mongolian Mining Corp (MMC, 00975), the largest privately owned coking coal producer in Mongolia, is eyeing opportunities to acquire more coal resources and may branch out into iron ore mining

MMC is also seeking to diversify its markets to better hedge the risk that coking coal exports to the mainland may one day become over-supplied, despite current high prices and tight supply. (Source: South China Morning Post) 

Link to article


Mongolia Investment Group: Announcement

March 28, Mongolia Investment Group Limited (HKG:402) --

This is an announcement made pursuant to Rule 13.09(1) of the Listing Rules.

Reference is made to the Company’s announcements dated 22 March 2011 and 23 March 2011 (“Announcements”). Terms used herein shall bear the same meanings as ascribed to them in the Announcementsunless the context otherwise requires.

The Summons and the Board Meeting on 25 March 2011

The Board met on 25 March 2011 and discussed, among others, all matters arising from the legal proceedings commenced by the Summons (HCMP 500 of 2011). The meeting was attended by 10 of the Directors including Mr Lim and Mr Enebish. In the meeting, a resolution (“Resolution”) was passed in which it was confirmed and resolved that:

(a) the Placing discussed and approved during the Board meeting on 21 March 2011 are on normal commercial terms and in the interests and commercial benefit of the Company and the Placing Agreement be approved again;

(b) for the avoidance of doubt, the resolution passed by the Board on 21 March 2011 about the Placing is valid; and

(c) The Company shall proceed with the Placing in accordance with the Placing Agreement.

The Resolution was passed by a majority of 8 votes.

Link to release

Link to March 22 Announcement

Link to March 23 Announcement


Steppe into the void

Nigel Richardson goes off the map to the geological freak shows and dinosaur boneyards of the southern Gobi Desert.

March 28 (Sydney Morning Herald) MONGOLIANS have a word for it: zud. A zud is a winter so harsh animals cannot feed through the frost and ice encrusting the steppe. In the winter of 2009-10, Mongolia suffered its worst zud for nobody knows how long - "for decades", some say, or "in living memory". Ten million head of livestock are reckoned to have died.

Link to article


<Mogi & Friends Fund A/C>


Mogi & Friends Fund is a tiny fund of A$20.8K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.




·         I personally and through my “Mogi & Friends Fund” hold 75,000 HAR shares in aggregate.

·         Jason Peterson, CPS Securities Director, holds shares (approx. 6,500,000) and options (1,000,000) in HAR.

·         CPS holds 500,000 options in HAR for corporate advice provided to HAR – Jason Peterson is a 33% shareholder in CPS.

·         CPS and CPSI directors and employees hold shares in HAR and may buy and sell these shares as and when they see fit.

·         CPS has received an IPO management fee of $250,000 and a 5% fee for any funds placed to its clients under the prospectus.

·         HAR has paid for Jason Peterson’s travel and accommodation expenses to and in Mongolia – this must be disclosed as a soft dollar commission.



"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at or +976-99996779.



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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