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Friday, November 18, 2011

[CPSI NewsWire: Petro Matad Confirms Presence of Live Oil in Block V, Shares Up 19%]

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.

Wish to subscribe or unsubscribe? Let me know.

See Mongolia related quotes at bottom of newsletter

 

MATD closed +18.9% to 18.875p on the announcement

Petro Matad confirms presence of working petroleum system in Block V, Mongolia

November 17 (Proactive Investors) Petro Matad (LON:MATD) today announced that it has confirmed the presence of a working petroleum system in the Tugrug basin, in Block V Mongolia.

The explorer today gave investors an update on its operations as it nears the end of its field season on Block IV and V Production Sharing Contract (PSC) areas in central Mongolia.  

The exploration programme consisted of stratigraphic core drilling, 2D seismic acquisition and field geology operations.  

It provided the first documentation of ‘live oil’ and active oil migration in central Mongolia, Petro Matad said.

"This year's exploration programme in Blocks IV and V was designed to progress the company's knowledge towards identifying drillable prospects,” said chief executive Doug McGay.

“The programme has achieved this objective and also confirmed the presence of a working petroleum system in the Tugrug basin, in Block V, which bodes well for the rest of the sub-basins in these two Blocks.

"The identification of multiple phases of live hydrocarbons in Block V is a highly significant development for hydrocarbon exploration in central Mongolia.”  

Petro Matad explained that the Block IV and V rift basins are located beneath the modern "Valley of the Lakes". This is an area where the geological features have enhanced the trap potential compared with the producing basins of eastern Mongolia, it said.

The group said that the exploration highlights included the confirmation of oil generation and migration in the Tugrug Basin of Block V.

As well as the documentation of thick, rich oil shale source rock throughout Blocks IV & V; the identification of favourable reservoir characteristics in core and outcrop; the acquisition of 1,842 kilometres of 2D seismic data for both blocks.

It also told investors that it has delineated 6,700 square kilometres of potential oil generation kitchen areas within the two blocks and identified multiple anticline, fault, and unconformity trap leads within and adjacent to these kitchens.

“Petro Matad has pioneered the previously unexplored basins in the eastern two-thirds of Mongolia and provided the first documentation of a viable hydrocarbon system in this vast region,” McGay said.

“Additionally, the source rock quality, thickness, and maturity compare very favourably with the producing fields of eastern Mongolia (Tolson, Tsagaan Els and Zuunbayan).  

“The potential for higher quality reservoir rocks in central Mongolia is also a most encouraging development.

He added: “We look forward to the finalisation of stratigraphic drill hole in the Biger Basin on Block IV.  Further analysis and interpretation will be undertaken during the winter.  

“As well as providing us with even better understanding of these exciting areas, the studies will help our 2012 exploration programmes, including investigating the potential for exploration drilling." 

Link to article

Link to MATD release

 

SouthGobi CEO Buys 40K Own Shares

November 17, SouthGobi Resources Limited (TSX:SGQ, HKEx:1878)

Link to disclosure release

 

“SUDUT” JSC CHANGES ITS NAME (to Asia Pacific Properties, part of APIP group)

November 16 (MSE) According to article No. 38, 50.3 of Mongolian Stock Exchange Listing Rule and request of “Sudut” JSC about registration changes, resolution No. 200 of MSE Chief Executive Officer of Nov 15th 2011, the following changes were made to company’s registration: company name from “Sudut” JSC to “Asia pacific properties” JSC and its letter code UNH to APP.  

Link to release

 

TEMPORARY TRADING HALT

November 16 (MSE) Starting from Nov 15th 2011, Mongolian Stock Exchange has temporarily halted the following stocks to monitor the stock trading according to the “Guideline to monitor the named companies stock trading” which is approved by the chairman of the Financial Regulatory Commission: 

     “Sudut” JSC
     “Khereglee Impex” JSC
     “Mongol Makh Expo” JSC
     “Berkh Uul” JSC
     “Bulgan Guril Tejeel” JSC.

Link to release

 

Mongolian Wind Farm (Newcom) to Use GE Turbines

SHANGHAI, November 17 (WSJ) -- General Electric Co. on Thursday said its turbines will be used on a Mongolian wind farm being built by Newcom LLC, a diversified company based in the northeast Asian country.

In a statement, GE estimated the cost of the Salkhit Wind Farm at $100 million but didn't put a value on the turbines themselves. The Fairfield, Conn., conglomerate described the deal as its "entry to Mongolia" and "a strategic move."

The economy of coal-rich Mongolia is sizzling. Thursday's statement said that despite Mongolia's huge deposits of coal, the nation is committed to boosting its use of clean-energy generation.

The statement said the wind project, due to open in 2012 about 70 kilometers (about 40 miles) southeast of the capital, would supply electricity equal to about 5% of Mongolia's current installed electric-power generating capacity.

"This is a milestone in the development of GE's relationship with Mongolia and our teaming with Newcom," GE Vice Chairman John Rice was quoted as saying in the statement.

The statement quoted Newcom CEO Bayanjargal Byambasaikhan as saying "energy demand in Mongolia is increasing by 8-10% a year."

Link to article

Link to GE, Newcom releases

Related: GE signs Mongolian wind power dealFinancial Times, November 17

 

Mongolia applies to join OSCE

November 17 (news.mn) Mongolia’s ambassador to Austria and permanent representative to International Organizations in Vienna, J.Enkhsaikhan, on Wednesday formally informed ministers from member nations of the Organization for Security and Cooperation in Europe (OSCE) of Mongolia’s desire to join the organization.

In making his request, J.Enkhsaikhan told the ministers about Mongolia’s foreign policy, its third neighbor policy, and past cooperation with the OSCE. He also answered questions from the ministers.

The ministers said they supported Mongolia’s request, with some ministers noting that the OSCE should widen its activities to include the Euro-Atlantic and Euro-Asian regions. Mongolia’s membership request will be discussed at a conference of foreign affairs ministers from OSCE member countries in Vilnius in December 2011. 

Link to article

 

Cabinet: DECISIVE ACTIONS ARRANGED FOR VOCATIONAL CENTERS

Ulaanbaatar, Mongolia, November 17 /MONTSAME/ The Cabinet meeting on Wednesday obliged the Minister of Science education, culture, Yo.Otgonbayar to work out a master plan on developing vocational education training, within the first half year of 2012. 

It has also been decided to take step-by-step measures for educating, skilling, retraining and empowering teachers from the academic year of 2012-2013, to make Ministies cooperate closer, to improve responsibility and participation of employers for vocational education training, to have alumni get in touch with practice and work places. 

The Cabinet has tasked Ministers to create a budget system based on vocational expense, education and training standards and decide it within the first half year of 2012, to add investments for widening training organizations' buildings and dormitories, renewing training base and labs. 

The Cabinet has also talked about educating specialized workers for the biggest projects like Oyu tolgoi and Tavan tolgoi

This year, a number of studying in the technical and vocational education training centers young people stands at 67 thousand, which is a 75-percent fulfilment of the government's goal to have 90 thousand. In 2010-2011, there were 18 thousand alumni, of whom 55 percent found their jobs within six months after the graduation. 

Link to article

 

MPRP and (the breakaway) GP form alliance for 2012 election

November 17 (news.mn) The Mongolian People’s Revolutionary Party (MPRP) and the Green Party (GP) have agreed to form an alliance for the 2012 parliamentary election.

MPRP Chairman N.Enkhbayar, MPRP Secretary General N.Udval, GP Chairman D.Maam, and other officials took part in a “memorandum of cooperation” signing ceremony at the Continental Hotel at 10 a.m. on Thursday. 

Link to article

 

President nominates candidates for ACA

November 17 (news.mn) President Ts.Elbegdorj submitted his nominees for Anti Corruption Authority (ACA) chief and deputy chief to Speaker D.Demberel on Thursday. 

Ts.Elbegdorj has nominated Colonel N.Ganbold, a former emissary from Mongolia to Russia, to be ACA chief, and B.Khurts, the Administration Chief at the National Security Council, to be ACA deputy chief. 

Link to article

 

Colombia Energy Resources, Inc. Announces Departure of Chief Operating Officer Graham Chapman (to become CEO of Mongolia-based coal producer)

SAN FRANCISCO, Nov. 17, 2011 /PRNewswire/ -- Colombia Energy Resources, Inc. (OTCBB: CERX.OB), (the "Company" or "CCPF" or "CERX"), formerly known as Colombia Clean Power, Inc., announced today that Graham Chapman, the Company's Chief Operating Officer, will leave the company to pursue a CEO opportunity effective January 10, 2012. Mr. Chapman will continue with the Company through his departure date.

"I'm excited to be pursing the opportunity to be CEO of a Mongolian-based coal producer, which has long been a goal of mine. I have certainly enjoyed the time I've spent in Colombia with Colombia Energy Resources, Inc.," stated Mr. Chapman. "I firmly believe that the depth and experience of the management team leading the Company, combined with the high quality coal resources, positions CERX exceptionally well to achieve its goal of becoming a leading consolidator of metallurgical coal in Colombia."

Link to release

 

Standing committee discusses rail transportation issues

November 18 (news.mn) The Standing Committee on Economics discussed railroad transportation issues on Thursday.

Members received an update on the Ulaanbaatar Railway, a joint Mongolia-Russia venture with an annual capacity to transport 21 million tons of freight. In 2011 it is projected to carry 19.5 million tons. 

According to an intergovernmental agreement, the Ulaanbaatar Railway’s equity fund is to be increased by USD 250 million. Russia has allocated USD 125 million from its 2011 budget, and Mongolia will allocate USD 125 million from its 2012 budget. But Ulaanbaatar Railway must carry more freight before for it to become profitable

MPs suggested that infrastructure be improved to increase the railway’s capacity. Suggestions included repairing aging tracks, increasing the speed of trains, and updating the technology on trains. 

Link to article

 

Mongolia In Partnership With Ivanhoe Mines And Rio Tinto

November 17 (Seeking Alpha) --

Introduction

Mongolia, the vast central Asian country, entered into the Oyu Tolgoi Investment Agreement with Ivanhoe Mines (IVN) and Rio Tinto (RIO) in October of 2009. This landmark agreement welcoming foreign investment is a long-term comprehensive plan to develop world’s largest undeveloped copper-gold resource, which contains over 81 Billion pounds of copper and 46 million ounces of gold. The construction phase of the project is 50% complete; commercial production starts in 2013. The Mongolian Government acquired a 34% interest in the project and Ivanhoe Mines kept a controlling 66% interest in Oyu Tolgoi. Global miner Rio Tinto, which joined Ivanhoe Mines as a strategic partner three years ago, presently holds a 49% interest in Ivanhoe Mines. This article will provide an overview of each of the partners, of the project and conclude with investment possibilities.

There is great opportunity for all parties involved, including investors. Linked below are a video produced by Ivanhoe Mines and an in-depth Reuter’s Special Report. These resources provide generous servings of information in very palatable formats. Consider them an introduction to the article, or come back to them after reading the article.

·         Oyu Tolgoi, the Movie – Ivanhoe Mines, Video 7 minutes. Sound required. CLICK HERE

·         Mongolia’s Storied Mine Stirs New Frontier Market – Reuters Special Report consists of slides with text and graphics. CLICK HERE

Mongolia

Mongolia is a landlocked Asian nation sandwiched between China and Russia. Its size, at 603,000 square miles, makes it the 19th largest country in the world, just slightly smaller than Iran and 80% the size of Mexico. With a population of only 2.7 million people, it is the least densely populated country in the world. The capital, Ulaanbaatar, with over 40% of the country’s population, has the lowest average temperature of any national capital, at 0 degrees Celsius. Unusually dry, there are areas of the country, such as the Gobi desert, where it never rains.

Knowledge of the history and culture of Mongolia is useful in understanding the political dynamics and business climate. The founder of the Mongol Empire was Genghis Khan, who forged the semi-nomadic tribes into an empire in the 12th century. Gradually the various groups reverted to their earlier infighting and eventually the Chinese established rule. From the 16th Century onward, Tibetan Buddhism spread throughout the land. This lasted into the early 20th century and when the country became free from China, only to fall under the domain of the Russians a decade later. The Russians quashed the religion eliminating temples and priests in the process. It was not until the fall of Soviet power in 1990 that the country was finally free and in 1992, it ratified a new constitution as a democracy. However, it remains dependent upon Russia, from which it imports petroleum products and other essential supplies and on China, often distrusted, as its largest export partner. 

Mongolia is very much a beginner in democratic rule and a novice in forging trade and business agreements. The government makes, and then retracts regulations; the rule making process is not participatory or transparent and part of its heritage is the Soviet era state secrets laws. This environment is what makes the Oyn Tolgoi mining agreement of 2009, reaffirmed in October 2011, such an achievement. The recent affirmation countered political opposition, which would renege on the pact and demand a larger share from the miners. The issue is resolved, for the time being at least; however, it is but one-step along the path.

What today are the consequences as Mongolia undergoes its novitiate as an international business partner? At this time, mid-November 2011, the largest concern is that the governments of China and Mongolia have not finalized a bilateral agreement to bring electric power to the Oyu Tolgoi mine. The construction of transmission towers from the mine site, 75 km to the Chinese border, is proceeding on schedule. The negotiations are not. The mine cannot operate without a reliable source of power and some wonder if putting a large part of the Mongolian economy in the hands of the Chinese is wise. As an immediate response, Ivanhoe Mines and Rio Tinto are adding to their diesel generating capability at the site, though this would not be capable of sustaining commercial production. It may be necessary to build a coal fired generation plant at the mine in order to assure reliable power. Rio Tinto and Ivanhoe mining can most likely get bridge financing for this project. Can the Mongolian government expedite the permitting process for the coal plant and transportation of coal to the mine? Will the diversion of resources to build a coal power plant delay production at the mine until 2014?

Despite the problems, there is little doubt that Mongolia will be one of the ten fastest growing countries in the world in the next decade. The country is a veritable El Dorado of mineral and coal resources.

Rural Mongolia is very much unchanged by time and an estimated 1/3 of the people are nomadic herdsmen. There is little infrastructure in place, almost all the roads are gravel tracks through the arid and barren countryside. To support the mining project Ivanhoe and Rio Tinto, along with project manager Fluor Corporation, are building paved roads to China and Russia, a power transmission line to China, a 75 km pipe to supply water and an airport large enough to support Boeing 737’s. In additions, a 5-year training program is underway for employees, which will be 90% Mongolian. A goal is to have 50% of the engineers Mongolian in 10 years.

Consider the magnitude of change coming to Mongolia. Back in the Bronze Age, a primitive tribesman noticed a turquoise rock outcropping on a hill. Oyu Tolgoi, the Turquoise Hill provided copper, which with tin makes bronze. The area changed little until recently. The investment in bringing the Oyu Tolgoi mine into production is in the $6 Billion range. When it reaches full production, copper and the other minerals will bring in annual revenue of just about that amount, depending on copper and gold prices.

Jon Springer reports on his Instablog that the U.S. State Department estimated Mongolia’s 2010 GDP at $6.8 billion. Will we see a doubling of the GDP? Yes, at least that much. The new gold rush to develop Mongolia’s resources could make it the world’s fastest-growing economy over the next five years, according to Renaissance Capital, quoted in the above-mentioned Reuters Special Report. Renaissance projects the GDP will almost quadruple to $23 billion by 2013 from $6 billion today.

Ivanhoe Mines, Ltd.

Ivanhoe is a $15 B market cap Vancouver, Canada based miner. They are primarily an exploration and development company. Robert Martin Friedland, the CEO and largest individual stockholder, founded the company in 1994. Friedland, an American born billionaire, has a long history as a successful mining entrepreneur. Part geologist, part showman, he has grown little mining companies into large and profitable saleable assets. Ivanhoe started the exploration work in Mongolia’s Gobi area in 2002. A diagram of the huge Oyu Tolgoi project is below. Estimates indicate that the mineralized band is 23 km long. The open pit mine at the Central Oyu deposits will be the first in production followed by the block-cave underground mine at the Hugo Dummett deposits.

On Monday November 14, 2011 Ivanhoe mines announced financial results and a review of operations for the third quarter of 2011. The headline of the press relief was, “Construction of Oyu Tolgoi Copper-Gold-Silver Mine Expected to be Over 70% Complete by the End of 2011.“

The project is rapidly advancing toward planned start of commercial production in 2013, and production at the Hugo North underground mine will start in 2015. Many key elements of the project are ahead of schedule. However, as we noted above, there is the potential for delays. Total capital invested in the project to the end of Q3 was approximately $3.2 billion.

Pre-stripping for the phase-one open-pit mine at Oyu Tolgoi began in August 2011 with the removal of overburden material. The development of the phase-two underground block-cave mine at the Hugo North Deposit continued. This is lateral mine development of a series of underground ore transportation tunnels 1,300 metres (4,000 feet) below the surface.

Oyu Tolgoi’s site-based construction workforce is approximately 14,760, with approximately 11,680 working on site each day and the balance on leave. Approximately 7,820 Mongolian employees were at the Oyu Tolgoi site, with an additional 3,300 Mongolians participating in offsite training and educational programs. These Mongolian employees will form the bulk of the eventual production workforce.

Ivanhoe Mines reported a net profit of $7.3 M in the quarter up from a loss of -24.9 M for the same period last year.

Rio Tinto

Rio Tinto is one of the three largest miners in the world. BHP Billiton (BHP) is by far the largest with a market cap of $201 B and $72 B in revenue. Vale has a market cap of $132 B and revenues of $58 B. Rio Tinto trails in market cap at $104 B but has revenues larger than Vale at $61 B.

Rio brings a couple of important things to the table. Their size and economic power is important as is their proven record of bringing in large projects. They have a high level of technical and operational expertise and are an innovator. A November 2, 2011 press release described the purchase of 150 driverless mine trucks from heavy equipment manufacturer Kumatsu.

"Autonomous haulage is an important component in our Mine of the Future program. These 150 new trucks will work with our pioneering Operations Centre that integrates and manages the logistics of 14 mines, three ports and two railways. These technologies are revolutionizing the way large-scale mining is done, creating attractive hi-tech jobs, and helping us to improve safety and environmental performance and reduce carbon emissions."

Mr. Noji said "Komatsu is extremely excited to sign the MOU [memorandum of understanding] with Rio Tinto to expand the fleet to at least 150 Komatsu Autonomous Haulage System trucks in their Western Australian Pilbara operations by the end of 2015.

As a corporation, Rio Tinto concentrates on the development of first class ore bodies into large, long life and efficient operations, capable of sustaining a competitive advantage through business cycles. Rio Tinto's interests are diverse in both geography and product. Most of their assets are in Australia and North America, but they also operate in Europe, South America, Asia and Africa. Businesses include open pit and underground mines, mills, refineries and smelters as well as a number of research and service facilities.

The Oyu Tolgoi mine fits their model of resource development. It currently has a projected life of about 60 years and more discoveries in the area will extend that life. There is an option to renew the lease for up to 100 years.

The way accounting is done in copper-gold mine, the cost to remove the ore is calculated on a per pound or per tonne basis, and then revenue from any silver and molybdenum recovered is deducted from the cost of producing the copper. Because of the large amount of gold, silver and molybdenum at Oyu Tolgoi, this may bring the cost of copper production down to 45 cents a pound, and depending on the price of gold and silver, it could go lower. This will make the mine a very competitive and profitable venture.

Time to Act

You can participate in the profitable partnership with Mongolia by buying stock in Ivanhoe Mines and Rio Tinto. While they are partners at Oyu Tolgoi, Ivanhoe and Rio Tinto are very different companies. Rio is a large well-capitalized operator of mines. Their global presence enables them to serve many markets. They have great reserves of energy and metal resources.

Ivanhoe Mines' forte is exploration and development. It is a business with ups and downs, wins and losses. It appears that their success will continue in Mongolia, and that they will sell their interest in Oyu Tolgoi at an opportune time; that is Robert Friedland’s plan. The logical prospect is Rio Tinto. Ivanhoe and Rio are in arbitration now over an existing “standstill” agreement that temporarily limits Rio’s purchase of additional stock.

Ivanhoe is a good short to intermediate term investment, with moderate to high risk, but tremendous upside potential. How much of the future bounty is already priced into the stock? When will the buyout happen?

Rio Tinto is a smart and experienced operator of large mines, which benefit from automation and economies of scale. They are an able negotiator and enjoy ongoing business with China. They are a low to moderate investment risk, suitable for long-term holding. I believe that the large miners, priced at around 6 times earnings, are greatly undervalued. If you calculate intrinsic value, if you look at historic valuation, if you consider global macroeconomic resources, I believe that you will conclude that Rio Tinto is worth twice its current stock price. The question is, when will the market put that price on it?

All mining stocks are volatile and have wide swings. My opinion is not investment advice but a statement of the available information, as I perceive it, and what I see as logical and possible outcomes. Anyone thinking of purchasing either company should do their own due diligence and consider how one of these companies might fit into their investment goals.

I am in partnership with Mongolia by virtue of stock ownership in both Ivanhoe Mines and Rio Tinto. I plan to participate in the profits from the “El Dorado” in the Gobi Desert, both now and in the future.



Disclosure: I am long IVN, RIO, BHP.

Link to article

 

Table: Mongolia Related Stocks (Source: Bloomberg)

 

Name

Symbol

$

Price

Change

+-%

Open

High

Low

Volume

Time

% YTD

% 12 m

Indices

ASX 200

AS51:IND

4,258.20

10.8003

0.25%

4,246.30

4,277.70

4,227.00

-

17-Nov

 

 

Nikkei 225

NKY:IND

8,479.63

16.4697

0.19%

8,421.88

8,491.82

8,400.22

-

17-Nov

 

 

Hang Seng

HSI:IND

18,817.47

-143.43

-0.76%

18,686.17

18,958.97

18,657.74

-

17-Nov

 

 

FTSE 100

UKX:IND

5,423.14

-85.8799

-1.56%

5,509.02

5,509.02

5,366.12

-

17-Nov

 

 

TSX Composite

SPTSX:IND

11,915.43

-258.931

-2.13%

12,152.86

12,162.72

11,878.68

-

17-Nov

 

 

S&P 500

SPX:IND

1,216.13

-20.78

-1.68%

1,236.56

1,237.73

1,209.43

-

17-Nov

 

 

ASX

Aspire Mining

AKM:AU

A$

0.37

0.005

1.37%

0.365

0.37

0.36

701,723

17-Nov

-22.92%

27.59%

Blina Minerals

BDI:AU

A$

0.014

0

0.00%

0.013

0.014

0.013

1,255,151

17-Nov

-6.67%

7.69%

C@

CEO:AU

A$

0.049

-0.001

-2.00%

0.05

0.05

0.048

1,045,697

17-Nov

75.00%

145.00%

General Mining

GMM:AU

A$

0.055

0

0.00%

0.058

0.058

0.055

0

16-Nov

-54.17%

-50.00%

Guildford Coal

GUF:AU

A$

0.89

-0.025

-2.73%

0.895

0.9

0.88

1,199,538

17-Nov

21.92%

71.15%

Haranga Resources

HAR:AU

A$

0.285

0.01

3.64%

0.28

0.29

0.265

543,014

17-Nov

-55.47%

 

Hunnu Coal

HUN:AU

A$

1.795

0

0.00%

1.78

1.795

1.78

0

16-Nov

34.46%

58.15%

Mongolian Res Corp

MUB:AU

A$

0.125

-0.005

-3.85%

0.125

0.125

0.125

25,000

17-Nov

 

-71.26%

Robe Australia

ROB:AU

A$

0.014

0

0.00%

0.016

0.016

0.014

0

16-Nov

49.73%

83.01%

TVN Corp.

TVN:AU

A$

0.053

-0.001

-1.85%

0.054

0.055

0.053

2,980,106

17-Nov

430.00%

430.00%

Voyager Resources

VOR:AU

A$

0.078

-0.001

-1.27%

0.079

0.08

0.078

3,190,498

17-Nov

45.45%

Xanadu Mines

XAM:AU

A$

0.42

0.01

2.44%

0.425

0.425

0.415

177,852

17-Nov

-25.66%

MSE

A Board

Aduunchuluun 

ADL:MO

MNT

7,777

-3

-0.04%

7,777

7,800

7,777

404

17-Nov

-2.79%

40.89%

APU

APU:MO

MNT

3,450

65

1.92%

3,400

3,450

3,391

4,818

17-Nov

73.37%

104.75%

Atar Urguu

ATR:MO

MNT

38,500

0

0.00%

38,500

38,500

38,500

0

4-Nov

113.89%

Baganuur 

BAN:MO

MNT

15,500

1100

7.64%

14,900

15,500

14,900

107,955

17-Nov

47.62%

55.16%

Mogoin Gol

BDL:MO

MNT

28,000

0

0.00%

28,000

28,000

28,000

0

16-Nov

137.29%

209.22%

BDSec 

BDS:MO

MNT

3,700

0

0.00%

3,750

3,750

3,700

0

15-Nov

48.00%

57.11%

Bayangol Hotel

BNG:MO

MNT

39,800

-99

-0.25%

39,790

39,800

39,790

48

17-Nov

66.53%

73.04%

Bayanteeg 

BTG:MO

MNT

30,000

-1100

-3.54%

30,000

30,000

30,000

29

17-Nov

4292.39%

UB BUK

BUK:MO

MNT

38,352

0

0.00%

38,352

38,352

38,352

0

16-Nov

743.83%

Eermel

EER:MO

MNT

2,600

0

0.00%

2,600

2,600

2,600

0

16-Nov

-9.57%

48.49%

Gobi 

GOV:MO

MNT

5,000

0

0.00%

5,000

5,000

5,000

70

17-Nov

-10.71%

-9.09%

Gutal

GTL:MO

MNT

2,210

0

0.00%

2,210

2,210

2,210

0

15-Nov

Hi B Oil

HBO:MO

MNT

200

0

0.00%

200

200

200

510

17-Nov

11.11%

17.65%

Khukh Gan

HGN:MO

MNT

195

-1

-0.51%

195

195

195

300

17-Nov

4.28%

23.42%

Hermes Centre

HRM:MO

MNT

55

3

5.77%

53

55

52

123,020

17-Nov

1.85%

5.77%

Jenko Tour Bureau

JTB:MO

MNT

96

0

0.00%

95

96

95

4,259

17-Nov

2.13%

1.05%

Telecom Mongolia

MCH:MO

MNT

2,750

0

0.00%

2,751

2,751

2,750

208

17-Nov

-21.43%

-16.67%

Mongolia Dev Res

MDR:MO

MNT

1,200

0

0.00%

1,200

1,200

1,200

0

16-Nov

-7.69%

-4.76%

Moninjbar

MIB:MO

MNT

136

0

0.00%

139

139

136

0

15-Nov

18.26%

Mongol Nekhmel

MNH:MO

MNT

2,700

190

7.57%

2,700

2,700

2,700

80

17-Nov

107.69%

184.21%

Hotel Mongolia

MSH:MO

MNT

798

0

0.00%

799

799

798

0

14-Nov

Darkhan Nekhii

NEH:MO

MNT

6,600

150

2.33%

6,600

6,600

6,600

8

17-Nov

34.69%

103.08%

Nak Tulsh

NKT:MO

MNT

200

0

0.00%

220

220

200

0

15-Nov

-38.46%

-37.50%

Olloo

OLL:MO

MNT

138

4

2.99%

134

138

134

301

17-Nov

-8.00%

-16.87%

Remikon 

RMC:MO

MNT

153

3

2.00%

151

153

150

599,644

17-Nov

112.50%

104.00%

Sharyn Gol 

SHG:MO

MNT

13,000

0

0.00%

13,000

13,200

13,000

1,601

17-Nov

23.81%

21.48%

Shivee Ovoo

SHV:MO

MNT

21,000

-2

-0.01%

21,000

21,000

20,100

196

17-Nov

61.54%

52.17%

Sor

SOR:MO

MNT

1,596

208

14.99%

1,400

1,596

1,400

330

17-Nov

112.80%

88.88%

Suu 

SUU:MO

MNT

70,000

0

0.00%

70,000

70,000

70,000

0

14-Nov

233.54%

341.08%

Tav

TAV:MO

MNT

30,000

0

0.00%

30,000

30,000

30,000

0

16-Nov

Talkh Chikher

TCK:MO

MNT

10,050

49

0.49%

10,005

10,050

10,005

36

17-Nov

171.62%

195.59%

Tavantolgoi

TTL:MO

MNT

11,100

90

0.82%

11,090

11,200

11,090

650

17-Nov

92.71%

121.98%

State Dept Store 

UID:MO

MNT

489

39

8.67%

450

490

450

3,561

17-Nov

13.72%

15.60%

Ulaanbaatar Hotel

ULN:MO

MNT

60,000

-2000

-3.23%

60,000

60,000

60,000

11

17-Nov

118.18%

122.22%

Mongol Savkhi

UYN:MO

MNT

2,620

0

0.00%

2,715

2,715

2,620

0

16-Nov

376.36%

376.36%

Zoos Goyol

ZOO:MO

MNT

800

-50

-5.88%

800

800

800

55

17-Nov

1.27%

6.67%

HKEx

Solartech Int’l

1166:HK

HKD

0.196

-0.005

-2.49%

0.199

0.199

0.194

4,257,513

17-Nov

-79.58%

-78.22%

Winsway

1733:HK

HKD

2.64

-0.02

-0.75%

2.61

2.66

2.6

6,364,000

17-Nov

-41.26%

-27.62%

SouthGobi Resources

1878:HK

HKD

59.55

-0.5

-0.83%

59.5

60

59

29,500

17-Nov

-40.15%

-26.75%

China Gold

2099:HK

HKD

25

-0.05

-0.20%

24.8

25.05

24.8

14,600

17-Nov

-40.48%

CNNC Int’l

2302:HK

HKD

2.03

-0.02

-0.98%

2.01

2.05

2.01

404,000

17-Nov

-76.67%

-75.39%

Real Gold Mining

246:HK

HKD

8.81

0

0.00%

8.81

8.81

8.81

0

17-Nov

-34.28%

-33.98%

Mongolia Energy

276:HK

HKD

0.83

-0.01

-1.19%

0.81

0.84

0.81

17,243,082

17-Nov

-64.22%

-69.93%

Zijin Mining

2899:HK

HKD

3.35

-0.01

-0.30%

3.3

3.41

3.25

31,844,305

17-Nov

-28.98%

-26.32%

Mongolia Inv Group

402:HK

HKD

0.043

-0.001

-2.27%

0.043

0.045

0.043

11,966,000

17-Nov

-70.95%

-74.71%

North Asia Resources

61:HK

HKD

0.36

-0.01

-2.70%

0.35

0.37

0.35

2,960,000

17-Nov

-60.44%

-70.00%

China Daye Non-Fer.

661:HK

HKD

0.425

0

0.00%

0.425

0.425

0.42

2,820,000

17-Nov

-24.11%

-3.41%

Bestway Int’l

718:HK

HKD

0.056

0

0.00%

0.055

0.056

0.055

900,000

17-Nov

-60.28%

-65.85%

Asia Coal

835:HK

HKD

0.12

0.005

4.35%

0.12

0.12

0.12

0

17-Nov

-52.00%

-52.00%

Mongolian Mining

975:HK

HKD

6.71

-0.14

-2.04%

6.61

6.76

6.61

2,762,500

17-Nov

-26.02%

-20.12%

SGX

LionGold

LIGO:SP

SGD

0.85

-0.015

-1.73%

0.86

0.865

0.85

8,990,000

17-Nov

16.44%

86.81%

LSE

Central Asia Metals

CAML:LN

GBp

66.5

0.25

0.38%

66.5

66.5

66.5

0

17-Nov

-26.32%

-25.91%

Petro Matad

MATD:LN

GBp

18.875

3

18.90%

15.625

20.75

15.625

1,226,353

17-Nov

-84.53%

-83.15%

Metal-Tech

MTT:LN

GBp

5

0

0.00%

5

5

5

0

17-Nov

-67.74%

-67.74%

Origo Partners

OPP:LN

GBp

35.25

0.5

1.44%

34.75

35.25

34.75

113,966

17-Nov

-14.02%

-10.19%

Tembusu

TIL:LN

GBp

2.375

0

0.00%

2.375

2.375

2.375

0

17-Nov

-13.64%

North

America

Aberdeen Int’l

AAB:CN

CAD

0.61

-0.05

-7.58%

0.64

0.64

0.61

157,609

17-Nov

-24.56%

0.99%

Blue Zen Mem. Parks

BZM:CN

CAD

0.155

0

0.00%

0.155

0.155

0.155

500

17-Nov

Centerra Gold

CG:CN

CAD

20.88

-1.12

-5.09%

22

22.11

20.69

369,094

17-Nov

7.49%

23.28%

China Gold

CGG:CN

CAD

3.08

-0.23

-6.95%

3.25

3.32

3.02

169,893

17-Nov

-43.28%

-46.99%

Denison Mines

DML:CN

CAD

1.51

0.02

1.34%

1.48

1.52

1.46

1,782,517

17-Nov

-55.72%

-40.32%

Denison Mines

DNN:US

USD

1.45

0

0.00%

1.45

1.48

1.42

1,035,082

17-Nov

-57.60%

-41.53%

East Asia Minerals

EAS:CN

CAD

0.82

-0.04

-4.65%

0.86

0.87

0.82

215,435

17-Nov

-89.80%

-87.86%

Entree Gold

EGI:US

USD

1.58

-0.08

-4.82%

1.65

1.65

1.57

49,550

17-Nov

-54.34%

-41.48%

Erdene Resource

ERD:CN

CAD

0.41

-0.01

-2.38%

0.41

0.41

0.395

25,500

17-Nov

-66.94%

-25.45%

Entree Gold

ETG:CN

CAD

1.62

-0.08

-4.71%

1.62

1.66

1.62

17,450

17-Nov

-53.31%

-41.30%

Fortress Minerals

FST:CN

CAD

4.09

-0.16

-3.76%

4.09

4.09

4.09

600

17-Nov

-5.98%

23.94%

Garrison Int’l

GAU:CN

CAD

0.025

-0.005

-16.67%

0.03

0.03

0.025

47,000

17-Nov

-72.22%

-44.44%

Gulfside Minerals

GMG:CN

CAD

0.085

0

0.00%

0.08

0.085

0.08

0

10-Nov

-10.53%

-39.29%

Green Tech Solutions

GTSO:US

USD

0.09

-0.01

-10.00%

0.098

0.1

0.081

383,026

17-Nov

Ivanhoe Energy

IE:CN

CAD

1.06

-0.05

-4.50%

1.11

1.13

1.05

366,472

17-Nov

-61.03%

-56.73%

Ivanhoe Energy

IVAN:US

USD

1.03

-0.04

-3.74%

1.08

1.1

1.03

555,324

17-Nov

-62.13%

-54.02%

Ivanhoe Mines

IVN:CN

CAD

19.99

-1.21

-5.71%

21.01

21.19

19.82

1,569,097

17-Nov

-13.09%

-12.70%

Ivanhoe Mines

IVN:US

USD

19.49

-1.21

-5.85%

20.52

20.72

19.25

2,922,868

17-Nov

-14.97%

-12.47%

Kincora Copper

KCC:CN

CAD

0.275

-0.025

-8.33%

0.295

0.295

0.275

22,086

17-Nov

1.85%

129.17%

Khan Resources

KRI:CN

CAD

0.245

0

0.00%

0.245

0.245

0.245

20,450

17-Nov

-48.96%

-35.53%

Long Harbour

LHC:CN

CAD

0.1

0

0.00%

0.12

0.12

0.06

0

9-Nov

Lucky Strike

LKY:CN

CAD

0.475

-0.045

-8.65%

0.55

0.55

0.47

76,000

17-Nov

-67.24%

-20.83%

Lucky Strike

LKYSF:US

USD

0.4522

-0.1556

-25.60%

0.4522

0.4522

0.4522

3,500

17-Nov

-68.13%

Meritus Minerals

MER:CN

CAD

0.045

0.005

12.50%

0.04

0.045

0.035

118,000

17-Nov

-77.50%

-78.05%

Manas Petroleum

MNAP:US

USD

0.19

-0.005

-2.56%

0.195

0.195

0.18

56,700

17-Nov

-68.33%

-67.24%

Mongolia Growth Grp

MNGGF:US

USD

4.4915

-0.0106

-0.24%

4.598

4.598

4.3936

14,800

17-Nov

 

 

Blue Wolf Mongolia

MNGL:US

USD

9.49

0

0.00%

9.47

9.49

9.47

0

10-Nov

 

 

Blue Wolf Mongolia

MNGLU:US

USD

10.28

0

0.00%

10.2799

10.28

10.2799

0

16-Nov

 

 

Manas Petroleum

MNP:CN

CAD

0.16

0

0.00%

0.16

0.16

0.16

0

10-Nov

Prophecy Coal

PCY:CN

CAD

0.55

0.01

1.85%

0.54

0.57

0.54

195,962

17-Nov

-36.39%

-48.28%

Prophecy Coal

PRPCF:US

USD

0.5221

-0.0229

-4.20%

0.541

0.5422

0.5221

9,500

17-Nov

-40.80%

-49.68%

Puget Ventures

PVS:CN

CAD

0.49

0

0.00%

0

17-Sep

SouthGobi Resources

SGQ:CN

CAD

7.44

-0.22

-2.87%

7.61

7.87

7.25

62,703

17-Nov

-38.92%

-31.24%

Solomon Resources

SRB:CN

CAD

0.07

0

0.00%

0.07

0.07

0.07

0

16-Nov

-67.44%

-73.08%

Wedge Energy

WEG:CN

CAD

0.015

0

0.00%

0

3-Aug

 

 

Mongolia Growth Grp

YAK:CN

CAD

4.6

0.01

0.22%

4.69

4.69

4.53

45,170

17-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.

 

 

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