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ERD closed -8.75% to 36.5c
Erdene Closes $1,715,000 Financing Pursuant to Private Placement Through Mongolian International Capital Corporation
Provides Update on Altan Nar Gold Project Drilling
HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 28, 2011) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce that it has closed $1,715,000 of a private placement announced on November 16, 2011 and issued 4,287,500 shares at $0.40 per share. The offering was led by Mongolian International Capital Corporation ("MICC").
"We are tremendously pleased to receive the support of Mongolian shareholders, providing them with an opportunity to share in the excitement of what we believe is a significant new gold discovery at Altan Nar," said Peter Akerley, President and CEO. "This project is an important addition to our cornerstone Donkin Coal and Zuun Mod Molybdenum-Copper projects."
MICC, the broker for the transaction, is the oldest and leading full service investment bank in Mongolia, providing investment banking, equity research, securities underwriting, and brokerage services to Mongolian and international clients.
"Since the discovery of Oyu Tolgoi by Ivanhoe Mines, Mongolians have been eager to participate and share in the risks and rewards through investment in the mineral exploration sector" " said Achit Erdene Darambazar, President and CEO of MICC. "We are very pleased to have the opportunity to work with companies like Erdene which have the potential to create significant value for our clients and are serious about engaging local stakeholders".
All securities issued pursuant to the private placement are subject to a hold period expiring March 29, 2012. The Company paid a cash commission of $102,900 to MICC in connection with the closing of the financing.
Net proceeds of the Private Placement will be used for exploration of the Company's projects in Mongolia and working capital. Exploration expenditures will primarily be directed to the Altan Nar epithermal gold project. Initial drilling results from this discovery, announced on October 12, 2011, included 55 metres of 1.02 g/t gold and 12 g/t silver, including 23 metres of 2.07 g/t gold and 23 g/t silver in discovery-hole TND-09. A 3,000 metre, 18-hole drilling program was recently initiated to follow-up on the initial discovery and to test coincident geochemical-gold and geophysical anomalies in a 2 kilometre by 3 kilometre area (see press release dated November 10, 2011). To date, seven of the planned 18 holes have been completed, testing an area up to 600 metres north of TND-09. These holes have intersected multiple zones of sulphide-bearing epithermal breccias, similar to those intersected in the discovery hole.
Remaining drilling will test targets south from the discovery hole over a 500 metre strike length and additional geophysical targets to the northwest parallel to the discovery zone where surface rock samples returned in excess of 3 g/t gold. Drilling to date has concentrated on near surface mineralization (approximately 150 metres vertically) with geophysical anomalies and mineralized drill hole intersections open at depth and along strike. Initial samples have been delivered to the SGS laboratory which has a standard four to six week period to complete the analysis.
For more details on the Altan Nar project please visit Erdene's website at www.erdene.com to view the "Altan Nar Presentation" and recent core photos of sulphide-bearing epithermal quartz veins from TND-16 and TND-18, located 530 metres and 300 metres northeast of TND-09, respectively. These documents are available under the Featured Items section on the homepage.
Link to the original Private Placement Announcement
MEC closed +7.8% to 83c on Monday
MEC: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
November 28, Mongolian Energy Corporation Limited (HK:276) --
Bestway: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
November 28, Bestway International Holdings Limited (HK:718) --
…
11. Mining rights
…
The mining rights represent the rights to conduct mining activities in the location of Nogoonnuur Soum and Tsengel Soum of Bayan-Ulgii Aimag in Mongolia, and have legal lives of 21 to 26 years, expiring in July 2031, March 2033, December 2035 and July 2036, respectively. The mining operating licenses are issued by Mineral Resources and Petroleum Authority of Mongolia and may be extended for two successive additional periods of 20 years each. In the opinion of the directors, the application for extension is procedural and the Group should be able to renew its mining operation licenses at minimal charges, until all the proven and probable minerals have been mined.
The mining rights are amortised using the units of production method based on the proven and probable mineral reserves under the assumption that the Group can renew the mining rights indefinitely till all proven reserves have been mined.
During the year ended 31 March 2011, the directors of the Company reassessed the recoverable amount of the mining rights with reference to the valuation performed by Messrs. Norton Appraisals Limited, an independent qualified professional valuer and determined that an impairment loss of HK$265,473,000 in respect of mining rights was identified. The recoverable amount of the mining rights was based on valuein-use calculations and key assumptions adopted include estimated mine reserves based on technical assessment reports and the expectation for market development.
…
Mining Business
During the period ended 30 September 2011, there is no active operation of mining business. Because the Company intends to better identify the Mongolia tungsten resources and the management wishes to engage a qualified mineral technical advisor to provide further assistance in design of the exploration programs. The management believes that the results to be obtained from the new exploration work (including re-drilling and re-sampling) will be suitable and sufficient support a resource estimate in compliance with the Listing Rules. The management further believes that new resources estimate could also be used to produce a more reliable and accurate mining program. For the addition work to be done as described above, the expected production schedule will be further delayed and the Group will continue to renew the licences and comply with the requirement of the Law on Mineral Resources of Mongolia.
…
Copper Panorama To Rule RIO Future
November 28 (Zacks.com) Copper investments in Asia look attractive and given the pros and cons, Rio Tinto Plc. (NYSE:RIO) stands to cash in on the opportunities.
Copper: Mongolian Growth & Chinese Demand
The Mongolian Government predicts an economic boom, spurred by the Oyu Tolgoi copper-gold mine that produces gold, silver and copper worth over $3 billion per year. Meanwhile, in the last decade (2000-2010), the demand for copper was mostly driven by China. The issue therefore, begs the question whether indeed China is the sole demand driver for Mongolian copper.
Indeed, a huge support for Mongolia’s growth rests upon its own wealth of natural resources coupled with its proximity to the Chinese market, and this is evident from the 12th Five-year plan for National Economic and Social Development of China.
The report indicated that China is expected to increase its current annual copper consumption from 5.4 kg per capita to a massive 10kg per capita in the future, based on the development projects. Hence, the copper industry will play a large role in Chinese growth.
Rio’s Oyu Tolgoi Venture
The Mongolian government’s joint venture with Ivanhoe (IVN) and Rio Tinto Plc (RIO) has targeted the Oyu Tolgoi copper-gold mine in Mongolia to commence production in the second half of 2012. The analysts find more prospective resources to be explored and developed in the area, which is geographically positioned within the larger copper belt of the country.
Research Predicts Huge Surge in Copper Demand
The August issue of the metal research reports in US anticipated world demand for copper – used in power and construction – to reach 20.3 million tons in 2011, helped by stronger-than-anticipated growth in Europe and the United States. The report predicts a divergence between Chinese copper demand and production. It also expects a declining trend in copper production in the coming decade despite new copper mines emerging.
RioTinto and Chinalco JV
With this backdrop, Chinalco Rio Tinto Exploration Co. Ltd (CRTX), the joint venture between Rio Tinto and Chinalco, received a nod from China’s Industrial and Commercial Administration. Both the parties inked the official JV exploration agreement in June 2011, which was recently registered in China for exploration of the country’s mineral deposits. Following the approval, CRTX is soon expected to flag off its business in China with its initial priority being exploration of copper, and thereafter expanding into coal and potash.
Chinalco (NYSE:ACH), over time, has been promoting new geological technologies, aligning itself with the initiatives of the Ministry of Land and Resources in China.
Conversely, Rio Tinto Plc is engaged in exploring, mining and processing of the earth’s mineral resources, producing a broad range of metals and minerals.
The integration of their respective competencies is expected to develop and enhance China’s domestic resources supply capabilities. Chinalco holds a 51% interest in the JV and Rio Tinto the rest.
Headquartered in London, UK, mining giant Rio Tinto competes with big banners like BHP Billiton Ltd. (NYSE:BHP) and Vale S.A. (VALE).
STOCK EXCHANGE WEEKLY REVIEW
Ulaanbaatar, Mongolia, November 28 /MONTSAME/ Five stock trades were held at Mongolia's Stock Exchange from November 21 to November 25. In overall, 6.6 million shares were sold of 67 joint-stock companies totaling MNT 1.3 billion. 25.0 thousand governmental bonds were sold with MNT 2.5 billion, and 2.1 bonds of companies--with MNT 20.8 million. The cash transaction ran on money of MNT 3.8 billion.
Index TOP-20 was 21006.67 points decreasing 431.69 units or 2.0% against the week earlier. The total market capitalization was set at MNT two trillion 189.7 billion decreasing MNT 81.4 billion or 3.6%.
Shares of "Darkhan teever" /74.8%/, "Khishig uul" /51.4%/, and "Mashin mekhanism" /31.3%/ increased, but shares of "Undarga omnogobi" /21.0%/, "Material impex" /20.9%/, and "UB BUK" /17.0%/ decreased. 24 stocks closed higher, 36 shares declined and seven shares remained unchanged.
Shares of "Remikon" /6.3 million units/, "Silikat" /73.9 thousand units/ and "Genco tour bureau" /49.0 thousand units/ were the most actively traded in terms of trading volume and in terms of trading value--"Remikon" (MNT 881.6 million), "BDSec" (MNT 122.7 million), and "APU" (75.5 million).
NORTHERNSEC” LLC CHANGES ITS NAME (to Ard Capital Group)
November 28 (MSE) According to Financial Regulatory Commission’s Chairman’s decree no.183 of November 17, 2011, “Northernsec” LLC, a Mongolian Stock Exchange member, has been permitted to change its name to “Ard Capital Group” LLC.
SHARE TRADING RESUMED (in Sudut, Khereglee Impex, Mongol Makh Expo, Berkh Uul & Bulgan Guril Tejeel)
November 28 (MSE) According to official clam #93, #95 issued by the state inspector of the Financial Regulatory Commission, the trading of shares of “Sudut” JSC, “Khereglee Impex” JSC, “Mongol Makh Expo” JSC, “Berkh Uul” JSC and “Bulgan guril tejeel” JSC has been resumed from Nov 28, 2011.
MIAT PARTNERING WITH BODI TO CREATE A NEW MONGOLIAN DOMESTIC AIRLINE
A NEW COMPETITOR TO ALREADY ESTABLISHED DOMESTIC PLAYERS.
IS THIS THE FIRST STEP OF A PRIVATISATION OF MIAT TOWARDS BODI?
November 28 (M.A.D. News) The Bodi group, one of the largest corporate conglomerates in Mongolia, is soon to launch its new flagship airline “Mongolian Airlines” which will operate domestic routes and become a direct competitor to Eznis Airways (owned by Newcom Group) and Aero Mongolia (owned by Monnis Group).
The move has been rumoured for the past few weeks but is only now being slowly confirmed by Bodi, it is thought that the airline will start with a single Fokker 50 (reg JU-8881, serial 20183) on lease from Nordic Aviation Capital which arrived in Ulaanbaatar on the 10th of November and increase its fleet over the coming year to 4 aircrafts.
Aero Mongolia, which used to be the domestic arm of MIAT before it was sold to the Monnis Group in 2001 (and started operations in 2003) also operates Fokers 50, it is assumed that Mongolian Airlines has chosen to operate the same type of aircraft to reduce maintenance costs and the need for a diversified inventory in Mongolia.
The move will bring back MIAT on the domestic scene and become a direct competitor to its old subsidiary company Aero Mongolia in the domestic flights market which has become increasingly competitive over the years with Eznis airways now in a dominant position as the largest airline to operate domestic routes.
Beyond the need for more domestic airlines, there is a very serious need for increased international routes. Mongolia is one of the most expensive countries in the world to fly to and suffers from an acute shortage of international flights to capital cities at reasonable hours, this seriously limits the economic growth of the country in addition to restricting flights in and out of Mongolia to the wealthiest classes.
If Mongolian Airlines becomes successful domestically, will it be allowed to branch out and offer international routes to Beijing, Seoul, Moscow and other lucrative routes or will they remain the premise of MIAT only.
It is further rumoured that the agreement between Bodi and MIAT, which effectively gives Bodi a foot (and possibly a leg) in the door, has been designed to place Bodi in a strong and advantageous position to make the most of the upcoming privatisation of MIAT in the coming years and obtain the state company at a cheaper price than it would otherwise pay in a fair auction process.
The Mongolian Airlines website will be launched on the 1st of december 2011 with more complete information.
Now that nearly every large corporate conglomerate in Mongolia has its own airline, when will MCS (the largest conglomerate of them all) join the game and launch its own airline (maybe a luxury private charter airline???)
Mongolia economic policies 'too expansionary' - IMF
WASHINGTON Nov 28 (Reuters) - Mongolia's economic policies are "too expansionary" and are creating inflationary pressures, the International Monetary Fund warned on Monday, calling for further rate hikes.
In an appraisal of Mongolia's booming economy, the IMF welcomed recent monetary policy tightening. But it said it was not enough to contain rising inflationary pressures and economic overheating.
It said food price volatility "has disguised" underlying inflationary momentum, firmly in double digits.
A rapid acceleration in bank lending has put Mongolia's financial system "under stress" and the IMF urged the authorities to manage risks proactively to prevent problems from building up.
The country relies on a wealth of gold, copper, coal and other minerals to attract foreign investment, driving construction and growth.
"Mongolia has a bright economic future," the IMF said. But it added: "Success, however, will depend on a shift in approach in managing the economy. At present, macroeconomic policies are too expansionary."
Any additional spending in 2011 would fuel more overheating, drive up inflation and undermine credibility in the government's fiscal policies, the IMF said.
It said a medium-term budget framework included a sharp cut in spending in 2013. "It would be much better to plan for a smoother path of spending," it added.
The country's state-owned development bank posed "significant fiscal risks," the IMF said, emphasizing that it should not be used "as a vehicle for off-budget spending" and should be operated on commercial terms and with greater transparency.
The bank provides loans for infrastructure development, industry, energy projects and roads.
MPP, DP caucuses propose budget cuts
November 28 (news.mn) The MPP and DP caucuses both discussed the proposed 2012 budget last Friday.
Both caucuses proposed cutting budget expenditures, though specific details were not made public.
According to sources, however, the MPP caucus decided that the budget deficit should account for no more than three percent of the total budget, and expenditures should be reduced by MNT 1.2 trillion.
The DP caucus decided that the 2012 budget should focus on development for the benefit of the entire country, and that investment should be increased. DP officials noted that current expenditures should be economized, and that the state should pay more attention to construction programs. They suggested pegging GDP at 16.1 percent, reducing budget expenditures by MNT 600 billion, decreasing the budget deficit from 4.1 to 3 percent, and increasing salaries and pensions without raising inflation.
Standing Committee approves HDF allowances
November 28 (news.mn) The Standing Committee on Budget discussed the proposed 2012 budget and Human Development Fund (HDF) allowances last Friday.
Committee members approved HDF allowances of MNT 128,000 to each citizen, and MNT 1 million to women 55 and older and to men 60 and older.
Disabled people will also receive a MNT 1 million allowance. The allowances will now be discussed by other standing committees and Parliament.
Ch.Saikhanbileg: Draft election law to be passed this week
November 28 (news.mn) After the DP caucus meeting, caucus chairman Ch.Saikhanbileg briefed journalists on the meeting.
Members discussed three issues and heard a report on the draft election law from a working group. The working group talked about the election structure, women’s quota, political parties’ criteria, and ethnic groups. It stated that it will meet again.
The DP caucus hopes to pass the proposed 2012 budget by December 1 and the draft election law on Thursday or Friday.
It also discussed a draft law on the regulation of lawyers and members approved it for further discussion.
The last issue of the meeting was pensions, with members postponing further discussion.
Ch.Saikhanbileg said members were united on a 20 percent quota for women MPs. He said that figure meets the suggestions of incumbent women MPs and women-headed NGOs.
He added that representatives of ethnic groups will have at least as many candidates as their current number of MPs.
AUSTRIA TO GIVE (40M Euro) SOFT LOAN
Ulaanbaatar, Mongolia, November 28 /MONTSAME/ The Minister of Finance S.Bayartsogt and the Ambassador Extraordinary Plenipotentiary of Austria to China Mr. Martin Sajdik signed on Monday an agreement on financial cooperation to be established between the governments of Mongolia and the Republic of Austria.
In frames of the agreement, Austria's government will grant soft-loan of up to EUR 40 million to Mongolia for two years. The money will go to the fields of infrastructure, local water supply, sanitation, traffic safety, railway, education, vocational training, health, social welfare and others.
In the year 1991, when Mongolia officially asked Austria to include it to the list of nations who receive developmental assistance and loans, the Austrian government postponed the request because of limited capital and of impossibility of developing economic activities in Asia. At the 4th Mongolia-Austria intergovernmental meeting held last year, the government of Austria agreed to finance certain projects in Mongolia with soft loans.
This is the very first contract to be created between the governments of Mongolia and Austria.
New MPP headquarters opens
November 28 (news.mn) The new MPP headquarters, named the Palace of Independence, officially opened on November 26, Mongolia’s Independence Day.
MPP Chairman S.Batbold opened the ceremonies with a speech, and MPP Secretary General U.Khurelsukh unveiled a bronze image of D.Sukhbaatar.
Party officials held a ribbon-cutting ceremony, and the building was opened to the public. Former President N.Bagabandi lit a fire in a ceremonial fireplace, and lamas performed a religious blessing. The building has 2.5 times more space than the party’s previous building. It houses a museum, a movie theater, and a conference hall with a capacity of 800.
Senior CPC official pledges closer ties with Mongolian political party
BEIJING, Nov. 28 (Xinhua) -- A senior official of the Communist Party of China (CPC) pledged Monday to boost ties with the Mongolian National Democratic Party.
Good neighborly relations and reciprocal cooperation between China and Mongolia are not only in the fundamental interests of the two nations and their peoples, but also the peace, stability and development of the whole of Asia, said He Yong, deputy secretary of the CPC Central Commission for Discipline Inspection, as he met with a delegation from the Mongolian National Democratic Party.
The CPC and the Chinese government attach great importance to the China and Mongolia relationship, and are willing to enhance exchanges and cooperation comprehensively to step up the strategic partnership in a sustainable way, said He.
Mendsaikhany Enkhsaikhan, chairman of the Mongolian National Democratic Party, echoed He's remarks and pledged to make joint efforts with the Chinese side to advance the strategic partnership in a lasting, stable and healthy way.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,058.20 | 73.90 | 1.85% | 3,997.10 | 4,072.20 | 3,984.30 | - | 28-Nov | ||||
Nikkei 225 | 8,287.49 | 127.48 | 1.56% | 8,269.91 | 8,322.01 | 8,259.71 | - | 28-Nov | |||||
Hang Seng | 18,037.81 | 348.33 | 1.97% | 18,019.21 | 18,095.20 | 17,954.19 | - | 28-Nov | |||||
FTSE 100 | 5,312.76 | 148.11 | 2.87% | 5,164.65 | 5,327.76 | 5,164.65 | - | 28-Nov | |||||
TSX Composite | 11,640.21 | 178.15 | 1.55% | 11,672.01 | 11,741.29 | 11,462.06 | - | 28-Nov | |||||
S&P 500 | 1,192.55 | 33.88 | 2.92% | 1,158.67 | 1,197.35 | 1,158.67 | - | 28-Nov | |||||
ASX | Aspire Mining | A$ | 0.3 | -0.015 | -4.76% | 0.32 | 0.32 | 0.295 | 1,362,283 | 28-Nov | -37.50% | -33.33% | |
Blina Minerals | A$ | 0.012 | 0 | 0.00% | 0.011 | 0.012 | 0.011 | 404,328 | 28-Nov | -20.00% | -20.00% | ||
C@ | A$ | 0.042 | 0 | 0.00% | 0.041 | 0.042 | 0.04 | 0 | 25-Nov | 50.00% | 100.00% | ||
General Mining | A$ | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.05 | 0 | 25-Nov | -58.33% | -58.33% | ||
Guildford Coal | A$ | 0.78 | -0.01 | -1.27% | 0.79 | 0.79 | 0.77 | 238,426 | 28-Nov | 6.85% | 39.29% | ||
Haranga Resources | A$ | 0.24 | 0.005 | 2.13% | 0.235 | 0.24 | 0.235 | 147,660 | 28-Nov | -62.50% | |||
Hunnu Coal | A$ | 1.795 | 0 | 0.00% | 1.78 | 1.795 | 1.78 | 0 | 16-Nov | 34.46% | 54.74% | ||
Mongolian Res Corp | A$ | 0.125 | 0 | 0.00% | 0.125 | 0.125 | 0.125 | 0 | 25-Nov | -68.75% | |||
Robe Australia | A$ | 0.02 | 0.002 | 11.11% | 0.023 | 0.023 | 0.02 | 5,430,018 | 28-Nov | 113.90% | 194.12% | ||
TVN Corp. | A$ | 0.044 | 0 | 0.00% | 0.045 | 0.046 | 0.044 | 3,868,149 | 28-Nov | 340.00% | 340.00% | ||
Voyager Resources | A$ | 0.074 | 0.002 | 2.78% | 0.073 | 0.075 | 0.073 | 5,441,707 | 28-Nov | 38.00% | |||
Xanadu Mines | A$ | 0.38 | -0.005 | -1.30% | 0.39 | 0.39 | 0.38 | 49,857 | 28-Nov | -32.74% | |||
MSE A Board | Aduunchuluun | MNT | 6,500 | -400 | -5.80% | 6,500 | 6,500 | 6,500 | 110 | 28-Nov | -18.75% | -10.28% | |
APU | MNT | 3,470 | 20 | 0.58% | 3,500 | 3,500 | 3,460 | 1,666 | 28-Nov | 74.37% | 105.33% | ||
Atar Urguu | MNT | 38,000 | 0 | 0.00% | 38,000 | 38,000 | 38,000 | 0 | 22-Nov | 111.11% | |||
Baganuur | MNT | 14,300 | -50 | -0.35% | 14,222 | 14,300 | 14,222 | 288 | 28-Nov | 36.19% | 43.01% | ||
Mogoin Gol | MNT | 23,000 | -3005 | -11.56% | 26,000 | 26,000 | 23,000 | 83 | 28-Nov | 94.92% | 152.75% | ||
BDSec | MNT | 3,700 | 0 | 0.00% | 3,750 | 3,750 | 3,700 | 0 | 24-Nov | 48.00% | |||
Bayangol Hotel | MNT | 38,500 | -500 | -1.28% | 38,500 | 38,500 | 38,500 | 29 | 28-Nov | 61.09% | 61.09% | ||
Bayanteeg | MNT | 26,000 | -1500 | -5.45% | 26,000 | 26,000 | 26,000 | 10 | 28-Nov | 2081.21% | |||
UB BUK | MNT | 31,850 | 0 | 0.00% | 31,850 | 31,850 | 31,850 | 0 | 25-Nov | 600.77% | |||
Eermel | MNT | 2,580 | -120 | -4.44% | 2,580 | 2,580 | 2,580 | 9 | 28-Nov | -10.26% | 18.35% | ||
Gobi | MNT | 4,700 | -200 | -4.08% | 4,805 | 4,805 | 4,700 | 436 | 28-Nov | -16.07% | -24.18% | ||
Gutal | MNT | 2,700 | 240 | 9.76% | 2,700 | 2,700 | 2,700 | 100 | 28-Nov | ||||
Hi B Oil | MNT | 180 | 0 | 0.00% | 180 | 180 | 180 | 0 | 25-Nov | 0.00% | 5.88% | ||
Khukh Gan | MNT | 195 | 0 | 0.00% | 195 | 195 | 195 | 0 | 25-Nov | 4.28% | 28.29% | ||
Hermes Centre | MNT | 53 | -8 | -13.11% | 59 | 59 | 52 | 9,126 | 28-Nov | -1.85% | -8.62% | ||
Jenko Tour Bureau | MNT | 91 | -2 | -2.15% | 93 | 93 | 91 | 7,472 | 28-Nov | -3.19% | -5.21% | ||
Telecom Mongolia | MNT | 2,800 | 0 | 0.00% | 2,800 | 2,800 | 2,800 | 0 | 25-Nov | -20.00% | -17.16% | ||
Mongolia Dev Res | MNT | 1,200 | 0 | 0.00% | 1,200 | 1,200 | 1,200 | 0 | 24-Nov | -7.69% | -14.89% | ||
Moninjbar | MNT | 138 | 0 | 0.00% | 138 | 138 | 138 | 0 | 22-Nov | 20.00% | 13.11% | ||
Mongol Nekhmel | MNT | 2,700 | 0 | 0.00% | 2,700 | 2,700 | 2,700 | 0 | 25-Nov | 107.69% | 150.00% | ||
Hotel Mongolia | MNT | 790 | -8 | -1.00% | 790 | 790 | 790 | 20 | 28-Nov | 83.72% | |||
Darkhan Nekhii | MNT | 6,000 | 0 | 0.00% | 6,001 | 6,001 | 6,000 | 0 | 25-Nov | 22.45% | 39.63% | ||
Nak Tulsh | MNT | 195 | -2 | -1.02% | 195 | 195 | 195 | 2,313 | 28-Nov | -40.00% | -44.29% | ||
Olloo | MNT | 133 | -4 | -2.92% | 133 | 133 | 133 | 60 | 28-Nov | -11.33% | -19.39% | ||
Remikon | MNT | 150 | 0 | 0.00% | 150 | 150 | 149 | 53,316 | 28-Nov | 108.33% | 100.00% | ||
Sharyn Gol | MNT | 13,000 | 0 | 0.00% | 12,999 | 13,000 | 12,999 | 65 | 28-Nov | 23.81% | 20.93% | ||
Shivee Ovoo | MNT | 18,000 | 0 | 0.00% | 18,000 | 18,000 | 18,000 | 0 | 25-Nov | 38.46% | 29.03% | ||
Sor | MNT | 2,415 | 315 | 15.00% | 2,100 | 2,415 | 2,100 | 1,303 | 28-Nov | 222.00% | 184.12% | ||
Suu | MNT | 70,000 | 0 | 0.00% | 70,000 | 70,000 | 70,000 | 0 | 14-Nov | ||||
Tav | MNT | 30,500 | 500 | 1.67% | 30,500 | 30,500 | 30,500 | 5 | 28-Nov | ||||
Talkh Chikher | MNT | 10,000 | 0 | 0.00% | 10,000 | 10,000 | 10,000 | 44 | 28-Nov | 170.27% | 185.71% | ||
Tavantolgoi | MNT | 11,050 | 50 | 0.45% | 11,050 | 11,050 | 11,050 | 83 | 28-Nov | 91.84% | 106.54% | ||
State Dept Store | MNT | 450 | -30 | -6.25% | 480 | 480 | 450 | 4,485 | 28-Nov | 4.65% | 6.13% | ||
Ulaanbaatar Hotel | MNT | 57,000 | 0 | 0.00% | 57,000 | 57,000 | 57,000 | 1 | 28-Nov | 107.27% | 115.08% | ||
Mongol Savkhi | MNT | 2,400 | -200 | -7.69% | 2,400 | 2,400 | 2,400 | 48 | 28-Nov | 336.36% | 336.36% | ||
Zoos Goyol | MNT | 800 | 0 | 0.00% | 800 | 800 | 800 | 0 | 25-Nov | 1.27% | 0.00% | ||
HKEx | Solartech Int’l | HKD | 0.197 | 0.006 | 3.14% | 0.2 | 0.205 | 0.194 | 11,524,600 | 28-Nov | -79.48% | -79.04% | |
Winsway | HKD | 2.56 | -0.01 | -0.39% | 2.51 | 2.57 | 2.5 | 12,616,000 | 28-Nov | -43.04% | -33.82% | ||
SouthGobi Resources | HKD | 51.25 | 1.8 | 3.64% | 50.75 | 51.25 | 50.05 | 13,300 | 28-Nov | -48.49% | -41.79% | ||
China Gold | HKD | 21.9 | 0.65 | 3.06% | 22.45 | 22.45 | 21.5 | 23,200 | 28-Nov | -47.86% | |||
CNNC Int’l | HKD | 2.07 | 0.07 | 3.50% | 1.95 | 2.07 | 1.95 | 203,000 | 28-Nov | -76.21% | -75.82% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 28-Nov | -34.28% | -36.16% | ||
Mongolia Energy | HKD | 0.83 | 0.06 | 7.79% | 0.82 | 0.9 | 0.81 | 55,053,343 | 28-Nov | -64.22% | -67.32% | ||
Zijin Mining | HKD | 3.1 | 0.04 | 1.31% | 3.11 | 3.15 | 3.08 | 18,042,900 | 28-Nov | -34.28% | -33.64% | ||
Mongolia Inv Group | HKD | 0.039 | 0 | 0.00% | 0.039 | 0.041 | 0.039 | 2,802,000 | 28-Nov | -73.65% | -75.32% | ||
North Asia Resources | HKD | 0.31 | -0.005 | -1.59% | 0.32 | 0.325 | 0.285 | 2,981,000 | 28-Nov | -65.93% | -74.80% | ||
China Daye Non-Fer. | HKD | 0.435 | 0.005 | 1.16% | 0.43 | 0.44 | 0.425 | 3,710,000 | 28-Nov | -22.32% | -11.22% | ||
Bestway Int’l | HKD | 0.073 | 0.003 | 4.29% | 0.07 | 0.075 | 0.07 | 1,760,000 | 28-Nov | -48.23% | -50.00% | ||
Asia Coal | HKD | 0.112 | 0.012 | 12.00% | 0.112 | 0.112 | 0.112 | 60,000 | 28-Nov | -55.20% | -54.29% | ||
Mongolian Mining | HKD | 6.02 | 0.11 | 1.86% | 5.95 | 6.09 | 5.61 | 1,257,000 | 28-Nov | -33.63% | -29.76% | ||
SGX | LionGold | SGD | 0.855 | 0.01 | 1.18% | 0.85 | 0.86 | 0.85 | 8,629,000 | 28-Nov | 17.12% | 71.00% | |
LSE | Central Asia Metals | GBp | 64 | 0 | 0.00% | 64 | 64 | 64 | 0 | 28-Nov | -29.09% | -26.86% | |
Petro Matad | GBp | 20.25 | 0.5 | 2.53% | 19.75 | 20.25 | 19.75 | 113,716 | 28-Nov | -83.40% | -79.90% | ||
Metal-Tech | GBp | 5 | 0 | 0.00% | 5 | 5 | 5 | 0 | 28-Nov | -67.74% | -71.43% | ||
Origo Partners | GBp | 34 | -0.5 | -1.45% | 34.5 | 34.5 | 34 | 6,572 | 28-Nov | -17.07% | -13.92% | ||
Tembusu | GBp | 2.375 | 0 | 0.00% | 2.375 | 2.375 | 2.375 | 0 | 28-Nov | -13.64% | |||
North America | Aberdeen Int’l | CAD | 0.63 | 0.05 | 8.62% | 0.61 | 0.64 | 0.6 | 64,334 | 28-Nov | -22.09% | 2.64% | |
Blue Zen Mem. Parks | CAD | 0.15 | -0.005 | -3.23% | 0.15 | 0.15 | 0.15 | 65,000 | 28-Nov | ||||
Centerra Gold | CAD | 19.83 | 0.2 | 1.02% | 20.1 | 20.2 | 19.34 | 676,540 | 28-Nov | 2.09% | 11.66% | ||
China Gold | CAD | 2.82 | -0.06 | -2.08% | 2.92 | 3.05 | 2.82 | 137,001 | 28-Nov | -48.07% | -51.38% | ||
Denison Mines | CAD | 1.3 | 0.01 | 0.78% | 1.35 | 1.42 | 1.3 | 1,437,040 | 28-Nov | -61.88% | -60.61% | ||
Denison Mines | USD | 1.26 | 0.04 | 3.28% | 1.3 | 1.38 | 1.26 | 1,306,759 | 28-Nov | -63.16% | -60.25% | ||
East Asia Minerals | CAD | 0.84 | -0.02 | -2.33% | 0.88 | 0.89 | 0.84 | 127,212 | 28-Nov | -89.55% | -87.67% | ||
Entree Gold | USD | 1.21 | -0.03 | -2.42% | 1.26 | 1.27 | 1.18 | 211,786 | 28-Nov | -65.03% | -54.51% | ||
Erdene Resource | CAD | 0.365 | -0.015 | -3.95% | 0.395 | 0.4 | 0.365 | 51,850 | 28-Nov | -70.56% | -48.59% | ||
Entree Gold | CAD | 1.24 | -0.006 | -0.48% | 1.29 | 1.29 | 1.01 | 422,305 | 28-Nov | -64.27% | -53.90% | ||
Fortress Minerals | CAD | 4.05 | -0.04 | -0.98% | 4.09 | 4.09 | 4.05 | 5,000 | 28-Nov | -6.90% | 6.58% | ||
Garrison Int’l | CAD | 0.015 | -0.01 | -40.00% | 0.015 | 0.015 | 0.015 | 20,000 | 28-Nov | -83.33% | -72.73% | ||
Gulfside Minerals | CAD | 0.08 | 0 | 0.00% | 0.08 | 0.08 | 0.08 | 30,200 | 28-Nov | -15.79% | -33.33% | ||
Green Tech Solutions | USD | 0.0751 | -0.0069 | -8.41% | 0.082 | 0.0899 | 0.0751 | 133,206 | 28-Nov | ||||
Ivanhoe Energy | CAD | 1.02 | 0.02 | 2.00% | 1.05 | 1.08 | 1 | 430,991 | 28-Nov | -62.50% | -55.65% | ||
Ivanhoe Energy | USD | 0.99 | 0.03 | 3.13% | 1.05 | 1.05 | 0.96 | 671,884 | 28-Nov | -63.60% | -56.00% | ||
Ivanhoe Mines | CAD | 19.95 | 0.91 | 4.78% | 20.11 | 20.55 | 19.72 | 1,024,591 | 28-Nov | -13.26% | -15.79% | ||
Ivanhoe Mines | USD | 19.33 | 1.12 | 6.15% | 19.53 | 19.92 | 19.01 | 2,281,638 | 28-Nov | -15.66% | -16.81% | ||
Kincora Copper | CAD | 0.33 | 0.04 | 13.79% | 0.3 | 0.33 | 0.3 | 1,200,466 | 28-Nov | 22.22% | 144.44% | ||
Khan Resources | CAD | 0.24 | -0.005 | -2.04% | 0.24 | 0.25 | 0.24 | 51,000 | 28-Nov | -50.00% | -46.67% | ||
Long Harbour | CAD | 0.165 | 0.065 | 65.00% | 0.165 | 0.165 | 0.165 | 3,000 | 28-Nov | 32.00% | |||
Lucky Strike | CAD | 0.44 | 0.015 | 3.53% | 0.45 | 0.45 | 0.44 | 2,000 | 28-Nov | -69.66% | -48.24% | ||
Lucky Strike | USD | 0.4319 | -0.0203 | -4.49% | 0.442 | 0.442 | 0.4319 | 2,000 | 28-Nov | -69.56% | |||
Meritus Minerals | CAD | 0.04 | 0.01 | 33.33% | 0.035 | 0.04 | 0.03 | 260,000 | 28-Nov | -80.00% | -78.38% | ||
Manas Petroleum | USD | 0.165 | -0.01 | -5.71% | 0.18 | 0.18 | 0.16 | 85,000 | 28-Nov | -72.50% | -69.44% | ||
Mongolia Growth Grp | USD | 4.1805 | -0.0525 | -1.24% | 4.2208 | 4.2215 | 4.072 | 16,800 | 28-Nov | ||||
Blue Wolf Mongolia | USD | 9.49 | 0 | 0.00% | 9.47 | 9.49 | 9.47 | 0 | 10-Nov | ||||
Blue Wolf Mongolia | USD | 10.15 | 0 | 0.00% | 10.15 | 10.15 | 10.15 | 0 | 21-Nov | ||||
Manas Petroleum | CAD | 0.16 | 0 | 0.00% | 0.16 | 0.16 | 0.16 | 0 | 10-Nov | ||||
Prophecy Coal | CAD | 0.485 | 0.005 | 1.04% | 0.485 | 0.5 | 0.48 | 231,410 | 28-Nov | -43.91% | -42.76% | ||
Prophecy Coal | USD | 0.466 | 0.0075 | 1.64% | 0.4695 | 0.4695 | 0.4601 | 11,260 | 28-Nov | -47.16% | -46.64% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.7 | 0.05 | 0.75% | 6.68 | 6.91 | 6.66 | 125,864 | 28-Nov | -44.99% | -42.59% | ||
Solomon Resources | CAD | 0.075 | 0.005 | 7.14% | 0.07 | 0.075 | 0.065 | 15,550 | 28-Nov | -65.12% | -55.88% | ||
Wedge Energy | CAD | 0.015 | 0 | 0.00% | 0 | 3-Aug | |||||||
Mongolia Growth Grp | CAD | 4.32 | 0.09 | 2.12766 | 4.34 | 4.34 | 4.22 | 15,550 | 28-Nov |
---
"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
P Please consider the environment before printing a copy of this email.
Central Tower · 12th Floor · Left Wing · 2 Sukhbaatar Square
Sukhbaatar District 8 · Ulaanbaatar 14200 · Mongolia
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
