Saturday, 24 June 2017

Arian Silver or Reabold Resources whom to follow ?

Our success with Kodal Minerals in the past was achieved by a bit of good studying .
Therefore the two little companies mentioned above are very likely to also turn from minnow to guppy in the next few months. ( Tank requirements. Guppies and most minnows have very similar requirements. You can keep either in a 20-gallon aquarium, though guppies will be fine in a tank as small as 10 gallons. Both fish should be kept in groups of at least six.)

Arian has the most upside of the two , the possibilities of the Zacatecas  area are becoming Increasingly well known . One should be very confident of good grades here . If they have researched their plans appropriately , something the Arian BOD have seldom executed in the past . There may also be some value in the old silver workings they own , Although only Navidad seems to be worthy of a bit more Interest .

Reabold Resources also has lithium possibility . But the Mogul Ventures link caught my eye on this One .

My Advice ..... Invest in both for One is sure to flourish , eventually .



Wednesday, 21 June 2017

Naibu Global / Sorbic / China Food , are the filthy still alive ?

22nd June 2017 

Naibu Global International Company plc (or "the Company") 


Press release

Shareholder Update

The Board of Naibu Global Investment Company Plc ("Naibu" or "the Company") wishes to update shareholders as follows. 

Since its last announcement on 10 December, 2016, the Board of Naibu, which now comprises Giles Elliott, David Thomas and Stephen Cheung (the "Board" or the "NEDs"), has been pursuing a number of initiatives, which are detailed below. 

Numerous attempts have been made to contact Lin Huoyan and Lin Congdeng, who were the Chinese Executive Directors of the Company (the "Chinese Directors"), without success.  Neither individual has responded to any approach, and neither are traceable via any of the addresses which they have supplied to the Board in the past.  Lin Huoyan has, however, responded to legal notices issued through a newspaper advertisement (see below), but he is effectively hiding his residential address from the Board, making it very difficult to serve him with legal documentation.  Consequently, the Chinese Directors have now been removed from the Board of Naibu. 

In order to take control of Naibu's underlying businesses, the Board proceeded to initiate actions to take control of Naibu (H.K) International Investment Limited ("Naibu HK"), the intermediate holding company and 100% subsidiary of Naibu, registered in Hong Kong and of Naibu China Limited ("Naibu China"), the underlying Chinese subsidiary, registered in the People's Republic of China ("PRC") and 100% owned by Naibu HK.  In February 2015, the Board passed a resolution removing Lin Huoyan, Lin Congdeng and Lin Zhenzhi (Lin Huoyan's sister and Lin Congdeng's wife) from the Board of Naibu HK and appointing the NEDs to the Board of Naibu HK.

Chinese litigation

In June 2015, as required under the laws of the PRC ("PRC Law"), the NEDs, through Naibu HK, issued legal proceedings in China to remove Lin Huoyan, Lin Congdeng and Lin Zhenzhi, as directors of Naibu China.  During the course of this litigation, representations were made to the Chinese Courts, by parties associated with Lin Huoyan, that Naibu HK no longer wished to proceed with the litigation on the basis that Lin Huoyan was now in control of Naibu HK.  This assertion, however, was a result of Lin Huoyan, or parties associated with him, filing forged papers with the Hong Kong Companies Registry, purporting that the NEDs had resigned as directors from Naibu HK and Lin Huoyan had reappointed himself as a director of Naibu HK.  As a result, and to correct the forged filings, the NEDs also initiated litigation in Hong Kong, the details of which are set out below.  This litigation has in turn delayed the litigation in China.  The Chinese Court has now ruled in favour of Naibu HK, and the Board is now taking steps to take full control of the Chinese subsidiary.  Under PRC Law, the Court is required to give Lin Huoyan notice of this judgement, which they have done by newspaper advertisement, and Lin Huoyan is allowed a period in which to appeal.  This period is now over, and the Board are now requesting that the Court issue an order for new Naibu China chops (official stamps) to be issued, and to put the changes to the officers of Naibu China into effect.  Once this has been completed, the Board will approach Naibu China's bankers and other relevant authorities in China to obtain Naibu China's records and bank statements.  This will enable the Board to determine what assets, if any, remain in Naibu China, and where the Company's cash has been spent.  If the Board finds that the Chinese Directors, Lin Zhenzhi or other persons have defrauded the Company, they will pass the records to the Chinese police authorities.  Once the Board has obtained full access to the records of Naibu China, it will also review the merits of bringing any legal action against the Chinese Directors, Lin Zhenzhi or other persons.

Diplomatic initiatives

In its last update, the Board referred to various approaches which it had made to the British Embassy in Beijing, and to various officials in Fujian province.  These initiatives continue to be pursued, but unfortunately have proved ineffective to date.

 Hong Kong litigation

As noted above, the NEDS have taken legal action in Hong Kong to remedy the attempt by Lin Huoyan to reappoint himself to the board of Naibu HK.  However, the Hong Kong Court, decided to allow Lin Huoyan an opportunity to present himself to the court in Hong Kong and to explain himself, which he has to date declined to do.  The Hong Kong Court also required the NEDs to give notice to Lin Huoyan to enable him to attend the Hong Kong Court, which as explained above, has proved extremely difficult.  This process is continuing, and is likely to take several more weeks to resolve, as the Hong Kong Court has now accepted that notice can be served on Lin Huoyan by newspaper advertisement in the PRC.  The Board are confident it will be resolved in their favour, but it has taken and continues to take a very long time to put into effect because of both the notice requirements of the Hong Kong Court, and because of the deliberate evasiveness of the Chinese Directors, in particular Lin Huoyan.  

UK litigation

The NEDs have been examining the possibility of making a legal claim for professional negligence against certain of the various professional advisers who were involved at the time of the floatation.  The NEDs have appointed PGB Gitlin Baker, Solicitors, a specialist City commercial litigation firm, to investigate the merits of such an action, and we have been advised that viable legal causes of action exist.  The Board intend to pursue the matter robustly and to the fullest extent possible. The loss is substantial.  Naibu's shareholder funds amounted to approximately £150 million in September 2015, which now appear to have been dissipated. 

The Board will provide shareholders with a further update as events unfold.

Giles Elliott
David Thomas
Stephen Cheung

Directors



Naibu Global Plc 

Giles Elliott
Tel: +44 (0) 7557 099 246



Abchurch (Financial PR)

Julian Bosdet / Alejandra Campuzano
Tel: +44 (0)20 7398 7741


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Whether this gives hope for the other Chinese listed companies that were so oft disappearing from trace only time will tell .
Sorbic International
.LED Internmational 
China Food Company 

To name  , But a few . But too many shareholders , disaster & despair .

Perhaps the recent developments of China A shares being cast into the MSCI net , has improved the prospect of the Chinese Authorities actually showing some control over their company directors .
This space is being watched with much Interest .Is it possible that China will one day have decent regulation ?


Saturday, 17 June 2017

Why not Reabold Resources ?

  1. 16. 16 OORTSOG OVOO DEPOSIT • A significant historical body of exploration work exists on Oortsog Ovoo • 41 holes were drilled on the three zones depicted • A significant trenching program of 207 trenches was also conducted • Rock chip samples taken by Mogul also had high grades of copper ranging as high as 1.5%, 3% and over 6% • A total of eight mineralized zones have been identified, three of which have had a significant amount of exploration work • There is excellent potential for expanding resources through exploring the zones that have not seen limited work to date as well as areas in between zones
  2. 17. 17 GROUND MAGNETICS PROGRAM 1km 1km North Zone Middle Zone Central Zone Eastern Zone South-Eastern Zone Magnetic Intrusive? • TheVertical Gradient image above shows a strong linear dipole anomaly is associated with the three main segments which comprise the Northern Zone, which has been delineated to date by trenching and drilling over 1.2km of strike length. 0.5km • The Company contracted a detailed ground magnetic survey in June, 2013 covering a 3.5km by 4km area. • The RTP results (above) shows a significant number of magnetic anomalies were detected; many anomalies correlate with known zones while some require follow-up.
  3. 18. 18 2013 WORK PROGRAMS • Mogul conducted a 1,500 meter confirmation drill program in October of 2013 • The program focused only on the Eastern zone and a segment of the Northern zone of the system.These areas had the most detailed historical exploration with the resulting potential for rapid resource confirmation/delineation and near-term development • The program’s main objectives were: • Parallel drill (twin) select historic holes to confirm and correlate accuracy of historic work • Drill vertical and horizontal step out holes to delineate mineralized zones in detail • Conduct modern assays based on a +90% core recovery rates, which were achieved. This may result in an upside in tin grades compared to the historically reported resource average of 0.65% Sn • Improve the overall geological understanding of the deposits • Subsequent to this program, we believe that either the Northern or Eastern zone can be targeted for rapid exploration and development Photo: Drill rigs at the Eastern Zone of Oortsog Ovoo, magnetite core from drilling
  4. 19. 19 www.mogulvc.com 2013 WORK PROGRAMS • Drill core logs generally showed a good correlation in lithology, thickness and depth of orebody intersects where historical holes were twinned • Core from two drill holes were assayed so far with the following results: • DH# 1W intersected 81.6m averaging 0.63% Sn, with all samples >0.1% • DH# 70Q intersected 34.7m averaging 0.55% Sn, with all samples >0.1% • DH# 70Q was a twin hole for historic DH# 70 and compares favorably with the historically reported 56m averaging 0.47% Sn • The tin mineralization is associated with magnetite skarn with wide intervals of >20% Fe • The program generally confirms historical work on the sections of the deposits drilled in this program • It served to boost our confidence in historic work and ability to rely on it for further exploration, resource delineation and engineering work Northern Zone Eastern Zone
  5. 20. 20 GOALS AND OBJECTIVES EXPLORATION AND FEASIBILITYWORK • Confirm, expand and delineate resources focusing on the Northern and Eastern Zones • Metallurgical testing • Resource modelling and engineering work • Develop a PFS or BFS based on the most advanced mineralized zones by end of Q1 2015 www.mogulvc.com FASTTRACK DEVELOPMENT AND PRODUCTION • Mogul already has a Mining License • Pursuant to feasibility work, a small scale 500 tpd open pit operation can be built by Q4 2015 EXPANSION • Expand production from 500 tpd to 2,000 tpd within the next 2-3 years • Conduct additional exploration to increase resources at Oortsog Ovoo with the goal of making it a +100 kt of contained tin project with additional credits for other metals • Look at acquisition opportunities aimed at consolidating and growing Mongolia’s tin sector
  6. 21. 21 TIMELINE www.mogulvc.com Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Geochemistry for Drilling Program Planning for 2014 Work Program PQ Diamond Drilling for Metallurgy Blasting and Trenching - Bulk Sample for Metallurgy Preliminary Metallurgical Testing NQ drillilng for Deposit Confirmation Geophysics Resource Modelling Additional Metallurgy and Process Design Mine and Site Engineering, Economic Study Environmental Baseline Feasibility Study 2014 2015 Item
  7. 22. 22 COAL PROJECT • Mogul’s license also contains a large coal system consisting of two deposits: Ovdog Hudag and Ikh Ulaan Nuur • Ovdog Hudag has a NI 43-101 Resource Estimate and Report by SRK Consulting which found: • Estimated Inferred Resources - 89.6 Mt* of Thermal Coal • 8 coal seams recognized – 4 fully mineable, 2 partially • Average Gross Calorific value – 5,636 to 6,431 kcal/kg (daf)* • Ovdog Hudag coal deposit historical resources, based on Russian drilling from the ‘60s and ‘70s, using a Russian Classification system and based on >85 drill holes: • 1968: C1+C2 resources totalling 201.2 Mt*1 • 1970: B+C1+C2 resources totalling 168.2 Mt*1 • Ikh Ulaan-Nuur coal deposit is located 7km NNE of Ovdog Hudag and was defined by Russian drilling in the ‘60s and ‘70s • 1970:A+B+C1+C2 resources totalling 86.4 Mt*1 • Excellent potential for additional coal resources to be delineated in the undrilled area between Ovdog Hudag and Ikh Ulaan-Nuur • Open pit accessible coal resources with expected low strip ratio * Ovdog Hudag Coal Deposit – NI43-101 Report by SRK Consulting, June 30, 2012 *1 SRK Consulting External Technical memo, May 28, 2011; “Technical Report on the Coal Resources of the Ovdog Hudag Coal Deposit Dundgovi Province, Mongolia” prepared by Flora Tungalag www.mogulvc.com




So , Mogul Ventures Corp  & the new Spain acquisition.
Things may well get Interesting.
Good luck All

Saturday, 10 June 2017

Making YOU Money 10/06/2017

Aortech     3K
Rurelec      1K
Reabold     1K
Goldstone  1K
Kemin        1K
Ncondezi    1K


As usual with so many off market shares we are struggling to keep focused . Bad habits etc .
Good news that the fight continues at Churchill Mining . We await great news at Black Sea Property with hope unabashed . Metro Baltic drags on , as do several others .
The market continues upward , until the US says different .That day seems to be drawing closer ,albeit estimated to be late next year .

Almost 64,000 views
Five followers

   Thankyou All

Ncondezi Energy . From mouse to lion ?

Basically valued at £30 million pounds through alleged discussions and almost agreement with the Japanese giant .
Directors waive fees for shares one would presume a good sign .
Will it ever come to fruition ?
12p is logical on first agreement .Then 60p will be the target over the next few years. IF ........
Passing the 4.2p level will be a huge indicator that good news will fall for this little minnow.
----------------------------------------------------------
24/06/2017

Question. Should you trust this Board ?

On this occasion one feels their actual cash backing gives a clue , albeit nothing should ever be taken for granted on Aim .

In my experience and that is an ever increasing circle , one feels that this mob may have changed their spots and the future has promise .

Targets remain in tact.

Best of Luck


Monday, 29 May 2017

Rurelec . What a disaster ! 20/05/2017

Questions for the Board should include .
How come we spun out a company ( Independent Power ) ,valued at $250 million for a nominal sum ?
What happened to the cash from the Bolivian asset ?
Why are we not selling the Argentina plant .As monies have always been hard to return to the Parent Company ?
Which of the Chile/Peru assets do we still own ?



Current valuation estimate  ;
    Argentina $55 million +
    Chile         $65 million ( partner required)
    Peru           $7 million


With a a current MCAP of £10 million perhaps Mr Morris can be a hero and return a good proportion of equity to Investors , by selling Argentina and concentrating on the more business friendly South American neighbourhoods . Rurelec has been a veritable collage of mistakes and time has come for change . Are the present Board capable ?

For shareholders this company has been a wild ride . It is time their faith was rewarded .




Saturday, 27 May 2017

For Michael

Remember you have a sell price on Rurelec of 3p .
One hopes that will be surpassed in the coming months . Patience pays .
UKOG has just turned a corner and is a strong buy at around 1p .
Sophos you should hold and I hope you got rid of CCT as I advised .Then again I doubt you took heed of my sagacity.
One hopes your large shares are performing well .
Best of luck my friend.

    bbr391


Friday, 26 May 2017

Making YOU Money 27/05/2017

    Aortech 4K
    BSP       3K
    Rurelec  2K
    Spitfire  1K
    Arian     1K
    Path       1K
    Rex        1K


Well well .We depart friday with huge excitement within the portfolio .Mainly due to the share upswing and price movement in Rurelec .
Only the flying Spitfire Oil has done us well over the past few weeks , soaring the value back up to the 13K value .
Even Aortech & Enova systems (unquoted) Have found buyers ,albeit in small proport .

The market as your inspiration has foretold continues it`s struggle upwards to new zeniths .
Gold stable at $1200 .
The Bitcoin revolution has passed us by .

List of unquoted shares ;
      Churchill      3K
      Metro Baltic 3K
      Led Int          2K
      Sorbic           1K
      ENVS           1K

Aortech remains Our make or break share .With Rurelec insurance along with the others.
I have continually added to my Aortech stake .Whence he opportunity arises up to the 33% limit .
Sometimes belief is the best policy .

May your weeks ahead be healthy & fruitful .

Saturday, 20 May 2017

Spitfire Oil 20/05/2017

This week has been notable by a good rise in the value of Spitfire Oil .
One of our few portfolio minnows. I luckily added more at 5p ( circa ,the original buy price) . Having held since 2015 .
Strangely It is one of few shares that is still under cash value ,somewhat of an AIM rarity .there are very few  others.
I expect the rise to 20p in the next few months ,then drop to 10p aka Sheerwater/ Aurum. Reverse takeover expected etc . Even a merger into Griffin is possible .Mladen Ninkov obviously has plans.

The rest of the portfolio ;
Aortech
Rurelec
Rex Bionics
Pathfinder
Arian
Clear Leisure

One or two others including ENVS ,which seems to be finally waking up  & rising.

The market bull run continues unabated.

Saturday, 13 May 2017

Making YOU Money ( & Yiangos).14/05/2017

Aortech & Its dribble towards 10p & below has knocked Our portfolio value back to the 10K mark .
Perhaps Our moment will be soon . One day the court case may be settled .
As for Our other shares little seems to be occurring .
The list in ascending order ;
           Aortech
           Black Sea Property
           Rurelec
           Tree
           Avanti
           Pathfinder
           Rex Bionics
           Arian

Plus some others mainly off market .

The upward trend in the market continues and hunker down time is approaching us slowly in the medium term .

And May



         









Thursday, 13 April 2017

Making YOU Money 14/04/2017

  A quiet has descended on the peripherals of the portfolio . Asides a little dip in the value of Rurelec ( to be expected before good news descends ).
  Aortech still remains the elephant in the room . Even above Black Sea Property ,which has also run out of upside , until the end of May expected Investment completion . With a few of Our sidelined shares giving decent news ie Churchill Mining . One can look ahead with a certain amount of Optimism .

    Aortech 4K
    BSP       3K
    Rurelec  2K
    Tree       1K
    Arian     1K
    Path       1K


 Plus Other small Invests ; Spitfire ,Clear Sapo & Rex .
Plus a few still Off -piste ............Awaiting Clarification .



 The Market bull run is still in operation . Although Our anticipation of a quick sharp decline next year remains .Yes , we have kept a close eye on the nascent rise in LIBOR , even without Broker interference .
All Our expectations seem to be coming to fruition .

    And May




 

Saturday, 1 April 2017

Church of Hope ? The Churchill Mining saga April Fools Indeed

Disappointment in striking out ,their words not mine.
This has been a stitch up for Investors by ICSID and our own legals .Mr Quinlivan and his team have a lot to answer for .Obviously they were all shorting this share .
As Investors we have no choice ..... But to bite the bullet of dismal failure .
One thing for sure . It almost beggars belief that no-one thought to take pictures of the Regent or Mr Noor whilst they were all happy signing all the leases .
Perhaps a lesson for all current Miners .
www.politico.com/story/2013/01/autopen-barack-obama-10-facts-085720

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As It seems the Church of drama continues as our inefficient Board seem to think they have a chance against the might of ICSID . There is now a 3% chance shareholders will see some return on their Investment ,if the annulment is accepted.

http://mlexmarketinsight.com/editors-picks/us-vice-presidents-visit-puts-spotlight-indonesias-precarious-trade-position/

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Avanti & Rex Bionics have been small adds to the portfolio .
Aortech Rurelec & Black Sea Property remain Our Big Guns .
Have a great week .


And May