th•The board and senior management team of VOR have a proven track record of adding significant shareholder value via the acquisition and exploration of assets in Mongolia. This was best illustrated last year when their Mongolian coal vehicle, Hunnu Coal (HUN.ASX), was acquired by Thai giant Banpu for almost $500m in cash at $1.80/sh. HUN listed in early 2010 at $0.20/sh.
•In our view M&A will remain an ongoing theme in Mongolia throughout 2012 with the issuance of new exploration licences being put on hold for the foreseeable future. Consequently the only way for corporates to gain exposure to the prospectivity of Mongolia is via M&A. This was highlighted last year with Banpu’s takeover of Hunnu Coal. Other transactions which have the potential to act as further catalysts for the region include the multi-billion dollar IPO of state-owned Erdenes Tavan Tolgoi in London prior to the elections (June 2012) and the potential takeover of HK-listed SouthGobi Resources with Ivanhoe Mines’ 57% stake likely to be divested should major shareholder RIO acquire Ivanhoe as is widely expected.
is is about to go for a run,and heres why,just a friendly reminder,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.763M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 252000 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 160000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 252000 | 0.020 |
1 | 1000000 | 0.019 |
2 | 1000000 | 0.018 |
1 | 70000 | 0.014 |
1 | 56666 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 160000 | 2 |
0.022 | 375830 | 2 |
0.023 | 75000 | 2 |
0.024 | 167000 | 1 |
0.025 | 79977 | 2 |
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