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Monday, October 10, 2011

[CPSI NewsWire: Hunnu Takeover Wins Approvals in Austrlalia, Thailand]

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

 

Hunnu takeover wins approvals

October 8 (AAP) A Thai takeover of Mongolia-focused coal explorer Hunnu Coal (ASX:HUN) has been approved by Australia's Foreign Investment Review Board (FIRB) and the Bank of Thailand.

Hunnu's board is backing a $477 million takeover offer from its largest shareholder, Thai coal miner Banpu Public Company.

Banpu in March acquired a stake of about 12 per cent in Perth-based Hunnu, four months after Banpu took over Australian coal miner Centennial Coal for more than $2 billion.

Hunnu holds several projects in Mongolia's Gobi Desert, including Tsant Uul near the huge Oyu Tolgoi copper and gold mine being developed by Rio Tinto and Canada's Ivanhoe Mines.

The FIRB approved the proposal on Friday, while the Bank of Thailand backed the deal on Monday, parties representing Banpu said on Monday.

Hunnu shares were up one cent to $1.70 at 1037 AEDT.

Link to article

Link to release

Disclosure: CPS was lead manager to HUN IPO and capital raisings

 

China Daye Non-Ferro: Announcement Pursuant to Rule 13.09(1) of the Listing Rules

October 7, China Daye Non-Ferrous Metals Mining Limited (HK:661) --

This announcement is made by China Daye Non-Ferrous Metals Mining Limited (the “Company”, and together with its subsidiaries, the “Group”) pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

The Company, through its 51%-owned subsidiary, China Reservoir Mining Limited (“CRML”), holds a 55% equity interest in Reservoir Moly Mongolia LLC (“Reservoir Moly”), which is a company incorporated in Mongolia and holds the mining right to the molybdenum mine located in the Sukhbaatar Province, Mongolia (the “Aleinuer Mine”). The remaining 45% equity interest in Reservoir Moly is held by Nomin Deposit LLC (the “Mongolian JV Partner”), which is an independent third party. The Group currently holds the mining rights to two principal mines and the Aleinuer Mine is one of them.

At the time of the establishment of Reservoir Moly in December 2005, the Mongolian JV Partner transferred the mining right to the Aleinuer Mine to Reservoir Moly as part of its capital contribution, while CRML undertook to meet its capital contribution by financing the further development of Aleinuer Mine. Reservoir Moly has since completed exploration works at the Aleinuer Mine. Commercial production at the Aleinuer Mine has not yet begun and the Company does not derive any revenue or profit from the Aleinuer Mine. Reservoir Moly currently has no material assets (other than the mining right to the Aleinuer Mine) or liabilities.

In June 2011, the Mongolian JV Partner initiated arbitration proceedings against CRML with respect to the alleged failure on the part of CRML to develop the Aleinuer Mine in accordance with the terms of the various agreements signed between the parties (the “Mongolian Proceedings”). CRML, based on the advice of its Mongolian legal advisers, contested the Mongolian Proceedings and submitted a response to the Mongolian National Arbitration Center at the Mongolian National Chamber of Commerce and Industry (the “Mongolian Arbitration Center”). On 4 October 2011, CRML received the written arbitral award issued by the Mongolian Arbitration Center in relation to the Mongolian Proceedings, pursuant to which the Mongolian Arbitration Center ruled that the mining right to the Aleinuer Mine has to be returned by Reservoir Moly to the Mongolian JV Partner.

According to the advice of CRML’s Mongolian legal advisers, (a) in order to enforce the arbitral award, the Mongolian JV Partner is required to submit such award to the enforcement authority which in turn will request the relevant mining authority to amend the mining licence to the Aleinuer Mine, and before the mining licence to the Aleinuer Mine is so amended, the mining right remains with Reservoir Moly; and (b) CRML has the right to appeal to the Court of Appeal of Mongolia against the arbitral award and if the Court of Appeal of Mongolia accepts the appeal application, the enforcement of the arbitral award will be suspended pending the outcome of the appeal. CRML has decided to lodge an appeal to the Court of Appeal of Mongolia against the arbitral award.

Further announcement(s) in relation to the Mongolian Proceedings will be issued by the Company as and when appropriate.

Link to release

 

TVN: 200 to 300 million Tonne Exploration Target, Nuurst Coal Project Transaction Complete

October 7, TVN Corporation Limited (ASX:TVN) --

·         Revised exploration target for South Western portion of Nuurst license only of 200 to 300 million tones

·         Nuurst Coal Project transaction finalized after completion of license transfer to TVN

Link to release

 

East Asia Announces $10,000,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) - The Company wishes to announce that it has entered into private placements for the sale of 20,000,000 units at $0.50 per unit for a total of $10,000,000, where each unit consists of one common share of the Company and one non-transferable share purchase warrant having a two year term for the purchase of one further common share of the Company at the exercise price of $0.78 per common share.

The Company shall use the proceeds of the offering for general working capital.

A finder's fee of cash or warrants, or a combination of both, will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.

This private placement is subject to approval by the TSX Venture Exchange.

Link to release

 

Petro Matad: Notice of Annual General Meeting 

October 7, Petro Matad Limited (LON:MATD) --

Petro Matad advises that the annual general meeting ("AGM") of the Company will be held at 4 p.m. local time (8 a.m. GMT) on 2 November 2011 at NIC Building, Amar Street 8, Sukhbaatar District, Ulaanbaatar, Mongolia.  

The notice and form of proxy of the AGM are today being posted to shareholders who have opted for hard copy communications and shareholders who have signed up to the Company's electronic communications service will receive notification by email.  A notice of availability and proxy form has today been posted to Deemed Shareholders, being those Petro Matad shareholders that have neither opted for hard copy communications nor provided the Company with an email address to facilitate electronic communications.

Link to release

 

Merkel Aims to Sign Rare Earths Deal With Mongolia Next Week

(Updates with sourcing from Canada in fourth paragraph.)

Oct. 7 (Bloomberg) -- Chancellor Angela Merkel will seek to strike a deal on resources with the Mongolian government during a trip to Ulan Bator next week that secures access to rare-earth elements at fair prices, a German government official said.

Mongolia’s potential for rare earths is enormous and Germany is confident of reaching an outline agreement at government level that would allow companies to sign individual contracts ensuring access to the materials, the official told reporters in Berlin today on condition of anonymity because the deal has yet to be struck. The official cited Munich-based Siemens AG, Europe’s largest engineering company, which he said needs rare earths for turbines. German companies may offer infrastructure and clean-energy investments in return.

As Europe’s biggest economy, Germany is at the forefront of efforts in Europe, the U.S. and Japan to diversify their sourcing of rare-earth elements used in everything from hybrid vehicles and flat-screen TVs to weapons systems after the Chinese government last year announced cuts in production. China produces more 90 percent of the world’s rare earths.

Germany is already looking to draw rare-earth elements from two Canadian mining projects that former German Economy Minister Rainer Bruederle has said might supply as much as 5,000 tons of rare earths a year from 2012 or 2013. “There’s the danger that we could get an iron-ore OPEC or a rare-earths OPEC,” Bruederle said during a trip to Canada last year, comparing the potential monopoly to the Organization of Petroleum Exporting Countries.

Merkel will travel to Vietnam as well as Mongolia during her trip from Oct. 10-13. The European Union aims to strike a free-trade agreement with Vietnam that Germany strongly supports, the official said. Merkel will speak about investment conditions, the bane of corruption and lobby for more legal security in Vietnam, according to the official.

Link to article

 

Mongolia Relaunching Key Mining Talks Later This Month

BEIJING, October 7 (WSJ) – Mongolia is relaunching talks with international miners on developing its huge Tavan Tolgoi coking coal reserves following the controversial award of a contract in July and its cancellation just two months later.

Negotiations, which are set to kick off later this month, will include Japanese and Korean companies excluded from the July deal to develop the western half of the block, but hammering out a pact could take many months, government and company officials say.

The goal, said one Mongolian official familiar with the situation, is to award the contracts before Mongolian parliamentary elections in June. Failure to reach a deal could hinder plans for a multibillion dollar international initial public offering of the eastern portion of the mine slated for next year.

"We also need to keep the interest of Russian, Chinese, U.S. and now the Japanese and Koreans...we are now going slow on it and the previous announcements... don't hold anymore," he said.

Any eventual deal will need to accommodate increasing resource nationalism ahead of the elections, the need to satisfy neighboring Russia and China's demands and pressure from countries and companies that were excluded in early rounds of bidding.

In July, the Mongolian government awarded the rights to develop the western half of Tavan Tolgoi to China's Shenhua Energy Co. with a 40% stake, Peabody Energy Corp. with 24% and a Mongolia-Russia consortium, which got 36%.

In exchange they were to invest billions of dollars to extract the site's estimated 7.5 billion tons of coking coal reserves, an essential ingredient in steel making.

The deposit is 270 kilometers from the Mongolia-China border, and proposals had included transport links to China and Russia's Trans-Siberia railway network to allow the coal to be exported.

The July decision prompted protests from the governments in Seoul and Tokyo, as it excluded Japanese and Korean companies which had originally bid in consortia including the Russian and Chinese partners which got the deal in July. Japan's government is pressing Mongolia to include Japanese companies in a new contract, although some feel Mongolia's demand that all bidders to contribute to new rail infrastructure and not only get offtake deals are excessive, two Japanese executives said.

Companies which had been in the original Russia-South Korea-Japan consortium include state-run Korea Resources Corp. or KoresKorea Electric Power Corp., steel giant Posco, Daewoo International Corp., LG International Corp. and Japanese companies Itochu Corp., Sumitomo Corp., Marubeni Corp. and Sojitz Corp.

One of the people said Mongolia will invite all companies originally short-listed to the talks in Ulan Bator, including all the members of a Russia-Japan-South Korea consortium.

Also, companies that are not being offered a chance to re-bid, such as Vale SA and ArcelorMittal, are complaining to the Mongolian government "so there is a chance that the whole process could start again from scratch...so this could take many months to sort out," one person said. Shenhua originally bid the contract in combination with Mitsui & Co.

Mongolia recently said it wanted to revise a 2009 contract with Ivanhoe mines Ltd., in which Rio Tinto PLC has 48.5%, to develop its Oyu Tolgoi copper reserve, by immediately increasing its stake to 50% from the current 34%. That request, which Mongolia on Thursday suddenly dropped, underscores the domestic pressures driving prime minister Sukhbaatar Batbold's efforts to get better deals for Mongolia's tiny, poor, but resource-rich population.

"We expected the Government to resolve the [Oyu Tolgoi] situation, but we did not expect this to happen so quickly and swiftly. Which is a great response to restore the confidence of investors in Mongolia," said Dale Choi, chief investment strategist at Ulan Batar-based investment bank Frontier Securities.

The delays could further delay the already complex multi-billion dollar IPO slated for London, Hong Kong and the Mongolian capital some time in 2012, as the contract miners are supposed to pay royalties to Erdenes Tavan Tolgoi, according to a person familiar with the matter. Erdenes TT is a unit of the Mongolian state-run company which owns the project.

German Chancellor Angela Merkel is due in Mongolia next week to sign a strategic energy agreement, although this isn't believed to be directly involved with the Tavan Tolgoi process, a Mongolian official said.

Link to article

 

PRESIDENT MEETS PREMIER AND SPEAKER (over OT, …)

October 7. Ulaanbaatar, Mongolia, /MONTSAME/ The President Ts.Elbegdorj gathered Thursday the Premier S.Batbold, Speaker D.Demberel, Vice Speakers N.Enkhbold and G.Batkhuu, also a Deputy Premier M.Enkhbold, heads of the two parliamentary factions O.Enkhtuvshin and Saikhanbileg.

Touching upon the Oyutolgoi (OT) deposit contract and a double decline in its shares' price in the last two days, the President said it is necessary to attract investments and to avoid any disputes over the OT contract. “A delay in putting the OT mine into use may cause us a loss, we must realize that one out of three togrogs of the economic growth is related to this deposit. Difficulties facing its infrastructure and energy supply may be solved without conflicts,” he said. 

The Premier said the Mongolian side talked with the investors on the investment contract pursuant to the resolution of the Standing committee on security and foreign policy and proposed to increase shares of Mongolia. The government and the OT investors released a joint statement sayng that the deposit is to give profits from the next year.

The investors respectfully treated our proposal but did not accept it sayng the contract's results are not seen yet,” he went on. The OT would become fruitful from 2012, and the cabinet will try to increase the effectiveness for Mongolia, he said. The cabinet is ready to express its position at a closed meeting of the parliamentary session, he added.

After this talk the President said he does not appreciate a matter on amending the Constitution of Mongolia, noting he will ban any attempts to do so. “No one can alter the Constitution before the parliamentary election of 2012,” he said.

The Speaker said the election matters might be considered at the next week's meeting of parliament. He added that the factions almost reached a united position over the election. 

Link to article

 

D.ODKHUU SUBMITS DRAFT RESOLUTION OF PARLIAMENT (on SOE privatization)

October 7. Ulaanbaatar, Mongolia, /MONTSAME/ D.Odkhuu MP submitted to the Speaker on Thursday a draft parliamentary resolution on altering appendix of the parliamentary resolution on approval of basic guidelines of privatizing and on reforming state properties in 2010-2012.

In recent years, a privatization of some local thermal power stations has been annulled after their failures, and huge money went for normalizing the operation. Such an annullment underwent Baganuur district's thermal power because its owner “Oyunii Undraa” LLC could not provide energy leaving the whole district completely frozen. To save the locality, two billion togrog were allotted from the state budget.

Due to there reasons, the initiator wants to annul some clauses in the parliamentary resolution's appendix. 

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

4,162.90

93

2.29%

4,083.30

4,182.00

4,069.90

-

7-Oct

 

 

Nikkei 225

NKY:IND

17,707.01

534.73

3.11%

17,540.72

17,800.72

17,505.38

-

7-Oct

 

 

Hang Seng

HSI:IND

8,605.62

83.6006

0.98%

8,593.22

8,663.57

8,589.36

-

7-Oct

 

 

FTSE 100

UKX:IND

5,303.40

12.1401

0.23%

5,291.26

5,370.89

5,261.43

-

7-Oct

 

 

TSX Composite

SPTSX:IND

11,588.36

-191.71

-1.63%

11,816.49

11,819.55

11,574.12

-

7-Oct

 

 

S&P 500

SPX:IND

1,155.46

-9.51001

-0.82%

1,165.03

1,171.40

1,150.26

-

7-Oct

 

 

ASX

Aspire Mining

AKM:AU

A$

0.455

-0.005

-1.09%

0.475

0.475

0.45

847,897

7-Oct

-5.21%

203.33%

Blina Minerals

BDI:AU

A$

0.014

0.004

40.00%

0.011

0.014

0.011

11,426,070

7-Oct

-6.67%

-17.65%

C@

CEO:AU

A$

0.065

0.005

8.33%

0.063

0.068

0.063

6,487,474

7-Oct

132.14%

225.00%

General Mining

GMM:AU

A$

0.135

0.005

3.85%

0.13

0.135

0.13

45,000

7-Oct

12.50%

-25.00%

Guildford Coal

GUF:AU

A$

1.04

0.01

0.97%

1.04

1.045

1

301,350

7-Oct

42.47%

133.71%

Haranga Resources

HAR:AU

A$

0.215

-0.01

-4.44%

0.22

0.225

0.21

285,000

7-Oct

-66.41%

 

Hunnu Coal

HUN:AU

A$

1.69

0.01

0.60%

1.68

1.69

1.675

2,214,026

7-Oct

26.59%

102.40%

Mongolian Res Corp

MUB:AU

A$

0.26

0

0.00%

0.25

0.26

0.25

0

30-Sep

 

TVN Corp.

TVN:AU

A$

0.047

0.001

2.17%

0.049

0.052

0.047

8,011,943

7-Oct

370.00%

840.00%

Voyager Resources

VOR:AU

A$

0.087

0.002

2.35%

0.088

0.088

0.085

8,903,072

7-Oct

62.24%

119.02%

Xanadu Mines

XAM:AU

A$

0.405

0.005

1.25%

0.4

0.415

0.39

267,500

7-Oct

-28.32%

 

HKEx

Solartech Int’l

1166:HK

HKD

0.16

-0.005

-3.03%

0.166

0.17

0.155

5,708,500

7-Oct

-83.33%

-71.43%

Winsway

1733:HK

HKD

1.84

0.19

11.52%

1.7

1.92

1.7

20,091,010

7-Oct

-59.06%

-48.32%

SouthGobi Resources

1878:HK

HKD

57.25

3.1

5.72%

58

58.75

55.8

42,226

7-Oct

-42.46%

-25.75%

China Gold

2099:HK

HKD

22.85

1.65

7.78%

21.5

22.9

21.5

140,500

7-Oct

-45.60%

 

CNNC Int’l

2302:HK

HKD

2

0.05

2.56%

2

2.04

1.95

323,000

7-Oct

-77.01%

-71.01%

Mongolia Energy

276:HK

HKD

0.53

0.045

9.28%

0.49

0.54

0.49

22,748,322

7-Oct

-77.16%

-83.59%

Zijin Mining

2899:HK

HKD

2.46

0.35

16.59%

2.45

2.47

2.3

76,237,558

7-Oct

-47.85%

-49.33%

Mongolia Inv Group

402:HK

HKD

0.048

0.002

4.35%

0.045

0.05

0.043

369,226,000

7-Oct

-67.57%

-71.93%

North Asia Resources

61:HK

HKD

0.44

0.025

6.02%

0.415

0.48

0.415

70,000

7-Oct

-51.65%

-68.79%

China Daye Non-Fer.

661:HK

HKD

0.38

0.005

1.33%

0.38

0.39

0.375

4,151,000

7-Oct

-32.14%

-14.61%

Bestway Int’l

718:HK

HKD

0.039

0

0.00%

0.039

0.039

0.039

0

7-Oct

-72.34%

-76.36%

Asia Coal

835:HK

HKD

0.088

0

0.00%

0.088

0.088

0.088

0

7-Oct

-64.80%

-58.49%

Mongolian Mining

975:HK

HKD

6.38

0.66

11.54%

5.9

6.5

5.9

4,116,900

7-Oct

-29.66%

SGX

LionGold

LIGO:SP

SGD

0.86

0

0.00%

0.865

0.87

0.86

6,691,000

7-Oct

17.81%

112.35%

LSE

Central Asia Metals

CAML:LN

GBp

69

-1

-1.43%

69

69

69

1,371

7-Oct

-23.55%

-29.59%

Petro Matad

MATD:LN

GBp

34.25

1.25

3.79%

33

34.25

33

222,439

7-Oct

-71.93%

-77.54%

Metal-Tech

MTT:LN

GBp

5.5

0

0.00%

5.5

5.5

5.5

0

7-Oct

-64.52%

-57.69%

Origo Partners

OPP:LN

GBp

27.5

0.75

2.80%

26.75

28.125

26.75

687,354

7-Oct

-32.93%

-6.78%

North

America

Aberdeen Int’l

AAB:CN

CAD

0.64

0

0.00%

0.64

0.64

0.62

52,177

7-Oct

-20.85%

28.81%

Blue Zen Mem. Parks

BZM:CN

CAD

0.16

-0.01

-5.88%

0.16

0.16

0.16

6,000

7-Oct

 

 

Centerra Gold

CG:CN

CAD

19.24

-0.48

-2.43%

19.61

20.49

19.07

370,764

7-Oct

-0.95%

13.46%

China Gold

CGG:CN

CAD

3.15

0.2

6.78%

3.1

3.31

3.01

462,325

7-Oct

-41.99%

-33.68%

Denison Mines

DML:CN

CAD

1.14

-0.01

-0.87%

1.18

1.22

1.129

2,230,147

7-Oct

-66.57%

-38.04%

Denison Mines

DNN:US

$

1.11

-0.01

-0.89%

1.14

1.1994

1.09

1,634,178

7-Oct

-67.54%

-39.34%

East Asia Minerals

EAS:TN

CAD

0.69

0.06

9.52%

0.68

0.95

0.63

1,455,604

7-Oct

-91.49%

-90.20%

Entree Gold

EGI:US

$

1.52

-0.07

-4.40%

1.61

1.67

1.5

79,186

7-Oct

-56.07%

-46.48%

Erdene Resource

ERD:CN

CAD

0.5

0

0.00%

0.53

0.54

0.5

40,700

7-Oct

-59.68%

Entree Gold

ETG:CN

CAD

1.55

-0.07

-4.32%

1.62

1.71

1.55

55,554

7-Oct

-55.33%

-45.80%

Fortress Minerals

FST:TN

CAD

5.21

0

0.00%

0

8-Jun

 

 

Garrison Int’l

GAU:TN

CAD

0.025

0

0.00%

0.025

0.025

0.025

0

3-Oct

 

-58.33%

Gulfside Minerals

GMG:TN

CAD

0.07

0

0.00%

0.07

0.07

0.07

0

4-Oct

 

 

Green Tech Solutions

GTSO:US

$

0.1125

-0.0075

-6.25%

0.125

0.125

0.1125

40,082

7-Oct

 

Ivanhoe Energy

IE:CN

CAD

1.15

-0.01

-0.86%

1.19

1.21

1.14

423,559

7-Oct

-57.72%

-52.08%

Ivanhoe Energy

IVAN:US

$

1.11

0.01

0.91%

1.13

1.17

1.1

480,808

7-Oct

-59.19%

-52.77%

Ivanhoe Mines

IVN:CN

CAD

16.77

-0.8

-4.55%

17.66

18.14

16.49

1,688,206

7-Oct

-27.09%

-28.47%

Ivanhoe Mines

IVN:US

$

16.25

-0.66

-3.90%

17.1099

17.62

15.88

4,225,614

7-Oct

-29.10%

-29.81%

Kincora Copper

KCC:TN

CAD

0.31

0

0.00%

0.31

0.31

0.31

0

4-Oct

 

 

Khan Resources

KRI:CN

CAD

0.25

0

0.00%

0.235

0.255

0.23

0

6-Oct

-47.92%

-35.06%

Long Harbour

LHC:TN

CAD

0.35

0

0.00%

0

10-Mar

 

 

Lucky Strike

LKY:TN

CAD

0.69

0

0.00%

0.75

0.75

0.69

0

5-Oct

 

 

Meritus Minerals

MER:TN

CAD

0.04

0

0.00%

0.04

0.04

0.04

0

6-Oct

 

-85.96%

Manas Petroleum

MNAP:US

$

0.195

-0.005

-2.50%

0.19

0.2

0.17

23,800

7-Oct

-67.50%

-61.75%

Blue Wolf Mongolia

MNGL:US

$

9.58

0

0.00%

9.65

9.65

9.58

0

13-Sep

 

 

Blue Wolf Mongolia

MNGLU:US

$

10.2

0

0.00%

10.2

10.2

10.2

0

6-Oct

 

 

Manas Petroleum

MNP:TN

CAD

0.43

0

0.00%

0

10-May

 

 

Prophecy Coal

PCY:TN

CAD

0.47

-0.07

-12.96%

0.54

0.54

0.46

147,100

7-Oct

-46.18%

-4.63%

Puget Ventures

PVS:TN

CAD

0.36

0

0.00%

0

6-Aug

 

 

SouthGobi Resources

SGQ:CN

CAD

7.39

-0.11

-1.47%

7.5

7.74

7.39

139,406

7-Oct

-39.33%

-26.83%

Solomon Resources

SRB:TN

CAD

0.08

0

0.00%

0.08

0.08

0.08

0

3-Oct

 

 

Wedge Energy

WEG:CN

CAD

0.015

0

0.00%

0

3-Aug

 

 

Mongolia Growth Group

YAK:CN

CAD

4.63

-0.06

-1.28%

4.69

4.69

4.63

1,618

7-Oct

 

 

 

---

"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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