- the appointment of Mr. Gengshu Miao to the Company’s Board of Directors
=> sehr positiv, anscheinend eine sehr bekannte Persönlichkeit in China
- Currently all mined material is being processed regardless of grade until the Company completes its planned upgrade to the on-site assay lab. The upgrade was on hold for some period now due to the absence of the Company's Vice-President, Exploration as a result of illness and given the difficulty in obtaining qualified personnel to replace him. The upcoming upgrade is expected to allow the mill operators to more closely monitor grades and direct mining activities. Additional personnel have now been retained and management recently returned from Yantai where meetings were held with the operator to finalize plans for the lab and look at possible improvements to quality assurance programs. It is not expected that the Vice-President, Exploration will be able to return to work in the near term. Nonetheless, the Company anticipates contracting the work for the proposed upgrades in early 2013. The objective is to lower cut-off grade, improve waste management and increase mill throughput using the pit optimization model developed by Wardrop, with the intention of ultimately ramping up production to the 100,000 oz/year range.
=> Keine gute Nachricht, dass der Company's Vice-President, Exploration aufgrund einer Krankheit nicht mehr arbeitet. Das war sicher auch ein Grund, dass es zu weiteren Verzögerungen gekommen ist. Das Upgrade für das Labor wurde noch nicht abgeschlossen, daher weitere Verzögerungen möglich.
- In that regard, the Company's representatives in China continue to work closely with SRK Beijing on an application to the Chinese Government to expand the mining zone and mining permit to 7,400 tpd.
=> Arbeiten immer noch am Antrag für die Erhöhung der Förderlizenz
- The Company has paid off the majority of its 75% share of capital expenses associated with the construction of the new Mill at Song Jiagou gold mine, estimated at approximately $45,000,000, leaving it with approximately $3,800,000 remaining to be paid.
=> $3.8 Mio. müssen noch bezahlt werden an Dahedong.
- The Company, encouraged by its Asian investors and its financial advisors, has for some time been making investigations into the requirements for a Hong Kong Stock Exchange listing. To date, Company representatives have met with prospective sponsors and lawyers, and have identified the requirements to be met to qualify for a listing in Hong Kong. One of those requirements is considered to be the issuance of a mining permit which will increase the permitted tonnage from 1,400 tonnes per day to 7,400 tonnes per day. In addition, it has been recommended that the Company wait until results from mining operations have proved the Optimized Pit Model on which the PEA is based. The Company has therefore determined that it is premature at this time to make a formal application for listing, but such a listing would greatly enhance the Company's exposure in Asia.
=> Das HK Listening wird nicht im März/April stattfinden. Das Mgmt hat entschieden, dass es zu diesem Zeitpunkt noch verfrüht wäre. Es soll zugewartet werden, bis man einerseits die Förderlizenz erhalten hat für 7400 tpd und anderseits bis das "Optimized Pit Model" von der PEA durch Abbauresultate bestätigt wird.
- Also on advice from its financial advisors and prospective sponsors, the Company has initiated discussions to exchange a 25% interest in JVCo for the 25% net profits interest currently held by Dahedong. Management is of the view that such an exchange will benefit the Company by obligating Dahedong to contribute 25% of future capital expenses and, ultimately, to simplify the corporate structure, including for the Mining Permit application and presentation to the Hong Kong Stock Exchange. The Company has engaged in discussions with Dahedong, but has not yet reached any agreement with Dahedong on this matter.
=> Wäre natürlich sehr positiv für MJS. Aufgrund der tiefen Bewertung von MJS und der Tatsache, dass sehr wahrscheinlich in Zukunft weitere Kapitalerhöhungen (bei M&A's) anstehen, kann ich mir zur Zeit nicht vorstellen, das Dahedong eine 25% Gewinnbeteiligung tauscht gegen eine 25% Beteiligung an MJS.
- In response to various internet postings which have been brought to its attention, the Company advises that it does not have undisclosed drill results from Song Jiagou.
=> Es sieht tatsächlich so aus, das MJS seit mehreren Jahren keine weiteren Bohrarbeiten durchgeführt hat. Ist für mich nicht nachvollziehbar.
- Goals for 2013:
1. Continue to increase production levels at Song Jiagou towards our production goal of 100,000 ounces per year through grade control:
- Removal of low-grade material at top of resource (nearing completion);
- Construction of modern and large capacity assay lab on site to accommodate sufficient blast hole assays (in progress);
- Completion of detailed topographical surveys for detailed pit modeling (in progress).
2. The Company is working closely with SRK Beijing on an application to the Chinese Government to expand the mining zone and mining permit to 7,400 tpd this fall.
3. The Company will continue to search out potential merger and acquisition opportunities.
4. The Company is investigating a potential listing on the Hong Kong Stock Exchange ("HKSE") for better valuations and reduced share dilution in future M&A's.
Bin mir nicht sicher ob ich das richtig verstanden habe, aber es sieht so aus, dass man frühestens mit der Lizenzvergabe im Herbst rechnet, also in 8 bis 10 Monaten. Falls dies wirklich so lange dauert, würden weitere Arbeiten/Fortschritte blockiert und es dürfte zu weiteren Verzögerungen kommen. Hoffen wir auf eine wohlwollende Regierung in China und auf eine positive Unterstützung von Mr. Gengshu Miao.
@pedro36: Nachricht wurde gestern nach Börsenschluss veröffentlicht, daher darf man sicherlich gespannt sein auf den kommenden Montag.
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