Mongolian Affilialiated Companies 2016-05-11

8/17/2019 Mongolian Affilialiated Companies 2016-05-11

1/7

Click to edit Master title style

Mongolian affiliated companies listed on majorinternational stock exchanges

“Golomt Securities” LLC

May 11th, 2016


2/7

I Mongolian affiliated companies listed on major international stock exchanges

No. Company NameClosing

PriceCurrency Exchange

%ΔDo

D YTD % YoY %

Avg. 5 day

traded volume

Market cap

mln USD52w high 52w low

1 Rio Tinto 29.59 USD New York 3.93 1.61 (36.88) 5,338,448.50 55,031.79 47.370 21.885 2 Banpu 12.9 THB Bangkok - 6.40 (40.79) 14,271,400.00 1,418.94 22.164 10.911 3 Turquoise Hill Resources 2.62 USD New York (0.38) 3.15 (38.35) 3,103,250.00 5,272.26 4.740 1.550 4 Areva 4.231 EUR EN Paris (2.56) (21.99) (48.09) 38,573.60 1,846.63 9.350 3.260

5 Mongolian Mining Corporation 0.1 HKD Hong Kong 6.38 (42.86) (75.00) 278,069,792.00 119.35 0.560 0.026 6 Centerra Gold 7.41 CAD Toronto 3.93 12.44 10.10 1,259,691.63 1,793.29 8.670 5.510 7 SouthGobi Resources 1.6 HKD Hong Kong (4.19) (33.33) (72.41) 336,050.00 53.13 6.830 1.240 8 Mongolia Energy Corporation 0.187 HKD Hong Kong (3.74) 1.69 (64.00) 3,878,616.75 41.44 0.640 0.107 9 Denison Mines 0.517 USD NYSE MKT LLC (1.28) 3.82 (39.86) 483,323.19 268.03 0.952 0.350

10 Genie Energy 7.85 USD New York (0.63) (29.09) (43.34) 115,534.60 193.35 14.863 6.320 11 Central Asia Metals 169.125 GBp London 1.42 10.27 (11.91) 32,708.20 273.20 195.000 121.25012 Entrée Gold 0.32 USD NYSE MKT LLC (1.27) 35.67 (25.58) 176,175.00 48.81 0.509 0.170 13 Xanadu Mines 0.22 AUD ASE - 100.00 131.58 655,298.00 72.42 0.250 0.073 14 Guildford coal / Terra Energy 0.004 AUD ASE - (42.86) (88.89) 1,187,194.00 7.08 0.042 0.003 15 Khan Resources 0.6349 USD OTC US 5.24 154.79 26.65 38,000.00 53.42 0.635 0.237 16 Aspire Mining 0.005 AUD ASE - (37.50) (73.68) 941,200.00 3.42 0.026 0.005 17 Prophecy Coal 0.02 CAD Toronto - (42.86) (50.00) 343,690.19 5.67 0.075 0.010

18 Petro Matad Ltd 3.5 GBp London (9.68) 12.00 (45.10) 4,941,624.00 14.55 9.875 1.875 19 Mongolia Growth Group Ltd 0.375 CAD Venture (8.54) 10.29 (55.88) 5,085.00 19.25 1.120 0.330 20 Erdene Resources Development 0.45 CAD Toronto 11.11 212.50 284.62 442,429.81 44.54 0.550 0.110 21 General Mining Corp Ltd 0.64 AUD ASE 4.92 150.98 1,291.09 1,617,847.38 147.02 0.735 0.038 22 Consolidated Zinc Ltd 0.047 AUD ASE (8.51) (21.82) 7.50 215,283.41 8.10 0.070 0.031 23 Kincora Copper 0.03 CAD Venture (25.00) 50.00 20.00 36,835.20 7.31 0.040 0.015 24 Puget Ventures / Global Cobalt 0.018 USD OTC US - (43.75) (60.33) - 1.90 0.038 0.014 25 Haranga Resources 0.003 AUD ASE - (25.00) (82.35) 826,658.19 0.86 0.020 0.002 26 Wolf Petroleum 0.007 AUD ASE 0.024 0.004 27 Viking Mines 0.019 AUD ASE - 18.75 90.00 115,500.00 3.51 0.028 0.008 28 Parmelia Resources 0.07 AUD ASE 2.86 60.00 262.49 378,500.81 6.38 0.098 0.020 29 Altan Rio Minerals 0.02 CAD Venture 33.33 100.00 (33.33) 22,220.00 1.38 0.030 0.010

30 Eumeralla Resources 0.026 AUD ASE - 16.87 (19.86) 25,400.00 1.90 0.037 0.019 31 Draig Resources 0.023 AUD ASE - (7.24) (21.74) 148,127.20 1.81 0.035 0.015

Suspended

As of May 11th, 2016, out of 31 Mongolian affiliated companies listed on international stock exchanges, shares of 19 companies have increased companies have declined on year-to-date basis. Trading of one company is suspended.


3/7

∆%Day: 3.93%∆%YTD: 12.44%∆%YoY: 10.1%

∆%Day: -0.38% ∆%YTD: 3.15%∆%YoY: -38.35%

∆%Day: 1.42%∆%YTD: 10.27%∆%YoY: -11.91%

Closing price: US$2.62

Market cap.: US$5.3 billion

Average volume (30-day): 2.342 million

Turquoise Hill Resources Ltd. Centerra Gold Central A

Closing price: C$7.41

Market cap.: US$1.8 billion


Closing price: GBp

Market cap.: US$27

Average volume (3

I Growing shares (year-to-date)

Recent development:

- Rio Tinto approved US$5.3 billion investment onOyu Tolgoi underground mine development

- OT underground capacity by 2027: 500,000t peryear vs 175,000-200,000t now

- TRQ completed 2016 Oyu Tolgoi Feasibility study- Board approvals of TRQ, OT and Rio left to

proceed the underground development- Underground development expected to start by

Q2'16- Q1'16 net income increased 24% yoy to US$118.9

million vs US$96.2 million in Q1'15- Q1'16 revenue fell 0.8% yoy to US$422.7 million- Q1' 16 copper production increased 71% yoy to

57.6k tonnes; gold production increased 67% yoyto 144k oz.

- 2016 forecasted gold production: 255,000-285,000oz

Recent development:

- Main operation in Kumtor Gold deposit in KyrgyzRepublic; also operates in Boroo Mine in Mongolia

- On April 28, 2016 trading was halted as Kyrgyz RepublicGeneral Prosecutors Office searched Kumtor office tocollect documents related to alleged fraudulenttransactions

- GoM approved 34% state-ownership of Gatsuurt Minew/ 3% royalty (reserves: 1.6M oz)

- Investment agreement to be finalized soon says MiningMinister R.Jigjid

- Q1'16 revenue decreased 65.5% yoy to US$73.2M vsUS$212.4M in Q1'15

- Q1'16 net income decreased 55.6% yoy to US$18.1M vsUS$40.7M in Q1'15

- Q1'16 gold production decreased 49% to 86,444 oz vs

170,683 oz in Q1'15- 2016 forecasted gold production: 480,000- 530,000 oz

Recent development:

- Main operation iKazakhstan

- Molybdenum projec41.15Kt)

- 85%-owned Ereen gheld for sale

- FY15 gross revenuUS$76.6M in 2014

- FY15 net income dUS$59.7M in 2014

- FY15 copper produ11,136t in 2014

- FY15 copper sales 2014

- 2016 forecasted

13,000- 14,000t- AGM to be held on J


4/7


Market cap.: US$48.81 million


Entrée Gold Xanadu Mines Erdene Resou

Closing price: A$0.22



Closing price: C$0

Market cap.: US$4

Average volume (3

∆%Day: -1.27%∆%YTD: 35.67%∆%YoY: -25.58%

∆%Day: 0%∆%YTD: 100%∆%YoY: 131.58%

∆%Day: 11.11%∆%YTD: 212.5%∆%YoY: 284.62%

I Growing shares (year-to-date)

Recent development:

- Copper-molybdenum Ann Mason project inNevada, US (measured&inferred resource:1,400Mt)

- 20% interest in Entrée/Oyu Tolgoi JV Property inMongolia, which hosts the Hugo North Extensioncopper-gold deposit and the Heruga copper-gold-molybdenum deposit.

- FY15 cash and cash equivalents: US$22.8M

Recent development:

- Exploration company operating in Mongolia since2005;- Main operation in Kharmagtai copper-gold project

and Oyut Ulaan copper-gold project in Mongolia- Significant high-grade trench in Oyut Ulaan project

as a result of drilling- Q1'16 cash and cash equivalents: A$4.7M

Recent developme

- Exploration comp- Altan nar gold-sil- Bayan Khundii

recently in Q2'15- Zuun mod moly

indicated resourc- Khuvyn Khar cop- Closed C$2.5M

Gold Ltd to funhigh-grade Baycommenced on A

- FY15 net loss: 2014

- FY15 cash:C$67


5/7

Closing price: HK$0.108



Mongolian Mining Corp. Aspire Mining Prophecy D

Closing price:A$0.005



Closing price: C$

Market cap.: US$5

Average volume (

∆%Day: 6.38%∆%YTD: -42.86% ∆%YoY: -75%

∆%Day: 0%∆%YTD: -37.5% ∆%YoY: -73.68%

II Declining shares (year-to-date)

Recent development:

- MMC defaulted on US$600M 8.875% note due2017

- In talks with bondholders and advisors- ICBC and BNP Paribas demanded immediate debt

repayment of US$95.4M- Energy Resources started operating back on April

25, 2016; to operate normally until election; regularoperation to be decided after election says personrelated to the company

Recent development:

- Main operation in Ovoot coking coal project inMongolia (reserves: 255Mt)

- Northern Railway LLC, wholly-owned subsidiary of Aspire, to proceed railway project of 547km fromErdenet to Ovoot (Arts Suuri (Mongolia-Russiaborder))

- Northern Railway in discussion with ChinaRailways Bureau 20 Group on debt facility to fundpre-development activities

- Through its 50% ownership in Ekhgoviin ChuluuJC, holds interest in Nuurstei Coking coal project(resources: 12.85Mt); mining licences applicationcommenced

- Q1'16 cash: A$758k

Recent developme

- Projects: Ulaan Oproject, 600MWMongolia; - CUS$1billion; to bconstruction

- Major works ncpmplete

- Chandgana coa(resources: 1.172

- 100% owns U(resources: 208.8

- PCY to clear additional shares

- FY15 net loss C$

- FY15 cash C$33


6/7




Genie Energy Petro Matad Ltd. Khan R

Closing price: GBp3.5




Market cap.: US$53.4

Average volume (30-d

∆%Day: -0.63% ∆%YTD: -29.09% ∆%YoY: -43.34%

∆%Day: -9.68% ∆%YTD: 12%∆%YoY: -45.1%

∆%Day:∆%YTD∆%YoY

III Volatile shares (year-to-date)

Recent development:

- Khan was involved in

uranium property sinMongolia and RussiaMongolia-Russia JV

- In 2010, GoM refuseand Khan launched iagainst Mongolia for in Jan, 2011.

- As a result GoM set Khan

- GoM to pay US$70M- FY15 revenue: C$20- FY15 net loss: C$33

Recent development:

- Holding company that focuses on oil exploration

and production in Mongolia through its subsidiaries- Since 2006, Matad carried out exploration on

Matad Block XX, 10,340km2 near Mongolia-Chinaborder

- In 2009, exploration works commenced on Block IVand V, 50,000km2 in central Mongolia. But these 2blocks were never explored seriously for oil andgas

- Shell issued Exit notice from Bogd Block IV and V;to give compensation

- Bloomberg estimated FY15 revenue: 0; FY15 netloss: US$3.7M

Recent development:

- In 2013, GNE entered 5yr oil shale development

agreement w/ Petroleum Authority of Mongolia(PAM) to explore in a site of 34,470km2 in CentralMongolia

- On September 16, 2014, Genie Oil Shale MongoliaLLC, subsidiary of GNE, signed agreement w/ thePetroleum Authority of Mongolia to explore25,000sqkm

- Other sites in Israel and US- Q1'16 revenue declined 22% yoy to US$58.1M vs

US$74.4M in Q1'15- Q1'16 net income was US$6.1M vs net loss of

US$2.4M in Q1'15


7/7

Disclaimer

This document has been prepared by the Golomt Securities LLC for information purpose only. The views expressed are the views of the analyst based on market and other conditions and factors. The information provided does not constitute investment advice or other recommendations and such. It should not be considered a solicitation to buy or an offer to sell a security or to pursue any trading or investment strategy. All material, inc

from or attributed to Golomt Securities LLC, has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Past perforfuture results. Accordingly you must independently determine, with your own advisors, the appropriateness for you of the securities/transactions befor

Golomt Securities LLC,Suite 606B, Central Tower,Great Chinggis Khaan’s Square-2, SBD-8Ulaanbaatar 14200MongoliaPhone: +976-70121530Fax: +976-70121529E-mail: [email protected]: www.golomtsecurities.com

Click to edit Master title style

Mongolian Affilialiated Companies 2016-05-11

Documents

Transcript of Mongolian Affilialiated Companies 2016-05-11