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Closed $0.019...........i am bullish that it be on it way up to $0.025
Looking set to clear $0.02
2cents again............Looking set to break $0.021 n $0.022 in hours
Do watch for MAGNUS ....$0.02
The next SAKARI RES(Aka Straits ASIA) in the making. PURE PLAY coal commodity trader
Investment Highlights
APAC's major shareholder will be Magnus Energy, a leading company in the energy sector with strategic holdings in oil, gas and coal. Magnus Energy has Australian offices in Western Australia, South Australia and the Cooper Plains of Queensland. It was the first company listed on the Singapore stock exchange to own producing oil concessions in China, and owns a subsidiary that is a major operator in equipment supply to the oil and gas sector. Magnus Energy is part of a joint venture that holds a petroleum exploration Licence in South Australia. A new gas field was discovered in 2005 through exploration under the licence. Potential Investors can rest assured that APAC has sound backing from Magnus Energy which intends to remain as a principle investor in APAC and will retain a medium to long-term holding in the interest of nurturing its investment.
•APAC ’s proposed subsidiary, PT Batubara has entered into a Work Agreement for Coal Mining Enterprises (CCOW) with the Government of Indonesia to explore, mine and extract coal from an area of approximately 68,360 ha in East Kalimantan, Indonesia.
•The 30-year CCOW (commencing on the date that mining operations commence) has a relatively low stripping ratio of around six.
•The concession has the approval and support of the Minister of Mines in Jakarta , and national concessions such as this one override local concessions approved by local district councils in Indonesia . Support on a federal level means that the mine is also open to foreign ownership and investment.
•The concession contains JORC compliant resources of approximately 5.1 million tonnes of coal. Of this resource, 1.4 million tonnes is inferred and 3.7 million tonnes are indicated. The resource has been established over an area of 890 ha (to a depth of 100m), which represents approximately 1.3% of the total concession .
•Production will begin after the fundraising phase. There are in-situ coal off-takers who may buy the coal as soon as production commences.
•The PT Batubara Concession is located in an area with established infrastructure including access roads, stock-pile areas and a loading jetty. The convenience of the location translates into significant savings on the cost of coal production.
•APAC ’s medium to long term corporate strategy for growth following the listing on ASX and establishment of mining operations includes, inter alia, other acquisitions of producing mines with track records of profitability. To ensure the Company attracts the best professionals to realise our corporate objectives and visions, APAC is committed to developing a strong, quality and competent management team under the guidance of the Board of Directors whose members have the relevant industry experience and come from varied backgrounds.
Investment Highlights
APAC's major shareholder will be Magnus Energy, a leading company in the energy sector with strategic holdings in oil, gas and coal. Magnus Energy has Australian offices in Western Australia, South Australia and the Cooper Plains of Queensland. It was the first company listed on the Singapore stock exchange to own producing oil concessions in China, and owns a subsidiary that is a major operator in equipment supply to the oil and gas sector. Magnus Energy is part of a joint venture that holds a petroleum exploration Licence in South Australia. A new gas field was discovered in 2005 through exploration under the licence. Potential Investors can rest assured that APAC has sound backing from Magnus Energy which intends to remain as a principle investor in APAC and will retain a medium to long-term holding in the interest of nurturing its investment.
•APAC ’s proposed subsidiary, PT Batubara has entered into a Work Agreement for Coal Mining Enterprises (CCOW) with the Government of Indonesia to explore, mine and extract coal from an area of approximately 68,360 ha in East Kalimantan, Indonesia.
•The 30-year CCOW (commencing on the date that mining operations commence) has a relatively low stripping ratio of around six.
•The concession has the approval and support of the Minister of Mines in Jakarta , and national concessions such as this one override local concessions approved by local district councils in Indonesia . Support on a federal level means that the mine is also open to foreign ownership and investment.
•The concession contains JORC compliant resources of approximately 5.1 million tonnes of coal. Of this resource, 1.4 million tonnes is inferred and 3.7 million tonnes are indicated. The resource has been established over an area of 890 ha (to a depth of 100m), which represents approximately 1.3% of the total concession .
•Production will begin after the fundraising phase. There are in-situ coal off-takers who may buy the coal as soon as production commences.
•The PT Batubara Concession is located in an area with established infrastructure including access roads, stock-pile areas and a loading jetty. The convenience of the location translates into significant savings on the cost of coal production.
•APAC ’s medium to long term corporate strategy for growth following the listing on ASX and establishment of mining operations includes, inter alia, other acquisitions of producing mines with track records of profitability. To ensure the Company attracts the best professionals to realise our corporate objectives and visions, APAC is committed to developing a strong, quality and competent management team under the guidance of the Board of Directors whose members have the relevant industry experience and come from varied backgrounds.
$0.02/.........should be able to crack $0.024
$0.02
$0.022
magnus hit 6115 volume today........could be the next undervalue small cap play
Very nice cuppa...
Salute ( Date: 02-Feb-2012 23:37) Posted:
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By the time news is out, might be too late already...
Salute ( Date: 02-Feb-2012 23:37) Posted:
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Can anyone enlighten why this bugger going up now?
hasn't these 2 days run like crazy, it's about 30% follow by 40%? without any latest news except nov 11, thought it's runing crazy due to near days qtr report but still no news yet....kept breaking new high, don't know how is tomorrow's fire, weak or strong.
it's a very under value stock, isn't it.
Star performance.... haha.... my BOSS laugh all the way to the bank....
my BOSS said.... if this cheong end of BULL rally soon... just watch...
anyhow tikam.... anyhow win.... haha...
ppl say this one cheong... then bull rally ended....
but just warm up only... Huat ah....
ppl say if the run up... it is the end of bull rally...
but hor... havent run up yet.... let see....