Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Richard Russell - Chinese Billionaires Buying Gold & Diamonds
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
.
Aspire Announces Strategic Investment and Marketing Collaboration
Date : 06/21/2011 @ 8:00AM
Aspire International Inc. (Pink Sheets:APIT) today announced that it has acquired an equity interest in Eternite International Company Limited, a luxury diamond jewelry provider trading on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange.
This investment is the initial facet of a strategic marketing collaboration designed to use Aspire's proven ecommerce platform to introduce Eternite's jewelry product lines to a cash-rich and rapidly-growing online consumer market in mainland China.
Aspire CEO Bok Wong commented, "This is a big step forward in leveraging our developed online platform in a way we believe could substantially increase our revenue and cash flow. We are confident that combining Eternite's product-development abilities with our ecommerce marketing expertise should produce outstanding results for both companies. We expect to launch our first joint initiative shortly."
About Eternite International Company Limited
Eternite International Co. Ltd., through its operating subsidiaries, provides high-quality diamond jewelry on a wholesale basis to customers worldwide. Until the opening of its first retail store in Macau in late 2010, the group operated solely at the wholesale level since the founding of its original company in 1999. Eternite designs and creates a wide assortment of diamond rings, earrings, bracelets, pendants, bangles, and necklaces.
In October of 2009, Eternite was listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange. It currently trades under the ticker 8351. For more information visit www.eternity-jewelry.com.
About Aspire International Inc.
Aspire International Inc., www.aspireinternationalinc.com, is a U.S. corporation whose executive offices are in Toronto, Ont., Canada. Aspire is an emerging holding company focused on resource, ecommerce and hi-tech projects.
Cautionary Note About Our Forward-Looking Statements
All of our statements that contain other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of applicable federal securities law. Forward-looking statements may generally be identified by words such as "believe", "project", "expect", "may", "estimate", "intend", "plan", "will", "could", and similar expressions. The Private Securities Litigation Reform Act of 1995 contains safe-harbor provisions for forward-looking statements, and we intend that our forward-looking statements be covered by those provisions.
Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse affect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information concerning our business, including additional factors that could materially affect our financial results, may be found in our periodic filings with the SEC (http://www.sec.gov).
CONTACT: Investor Relations
CenterPoint Communications Group, LLC
Todd Lorenze
386-775-2020 x 1
www.centerpointcg.com
What do you make of the PR today MTb?
They tend to keep their PR's short IMO
Kiwi
with the amount of $ volume we often see in this stock at times, its a wonder we don't have mote postings on this board, Must be insiders?
About time we started seeing higher prices here IMO.
We need some news about advancement on the mining front.
Accumulation line still rising nicely on the chart, surely we are due a nice breakout here soon!
Kiwi
An Eye?? Where do you think the buying is coming from??
I hope you're keeping an eye on this - 'MasterTbone'
Another big vol day and tomorrow would be good - 10% up each day from here on I'm hoping!
Kiwi
I thought we would have moved up to at least .50 this week,
Hopefully we get some news on production developments soon, surly there are many new shareholders at this .40 area. They will be looking for Aspire to make big on this opportunity. I think Aspire has the potential to make the big bucks - we will surly need them with what lies ahead.
Kiwi
Nice buying volume starting to come in now - good to see accumulation continuing at this level.
There must be news on the way I'm guessing.
Kiwi
well if the sellers dont slap it down it would have run up there already!
lets see .50 this week - its about time IMO
look here is the situation, we are sitting on a stock APIT that has a lot of hidden assets that the public does not understand yet. You have to read everything and get to know the company very well to full understand it all.
Fact is the CEO has a ton of friends and family over in China that is willing to put their properties and companies into this stock to make it work.
We could be sitting on a real opportunity here with Bok Wong at the helm making good business decisions to make this company grow.
Ive seen this before in another stock, LLEN and a ceo that got the job done and made a bunch of people a lot of money in the last 2 years. This company and its CEO act similar in nature as far as acquisitions go as they did in LLEN's ceo Dickson Lee.
We are gonna make a killing here in this one APIT just like i did with LLEN.
I will get as much public info as i can.
I do expect more news this week, dont know what it is, of course, but something this week. and next as well.
the producing gold mines are not Aspire's, they're simply in the same general area....
Apparently, we are sitting on a producing gold mine.
Recently a LOI was executed to acquire a majority interest in a 3.95 square kilometer concession (also located in the Guangxi Zhuang Autonomous Region) known to contain a minimum of five zones of gold mineralization, of which two are in production and considered economically viable. According to government geologists and recent geological survey work, the property may contain over one million metric tons of commercially mineable gold-bearing ore, with considerable additional potential to further expand the resource.
http://ih.advfn.com/p.php?pid=nmona&article=47371386
We need more info IMO
Kiwi
Yea me neither.
I have been talking with a bunch of people associated with the company, and we think someone might have taken a short position. Since no one hit the bid to fill his short, who ever it is keeps offering down to scare investors.
There is not really any other explanation.
Right now I don't understand why sellers don't set their price at 40 and above
I will sell mine around ooh, $10, it might take 2 years or so but i wont ever work again!
APIT is now an OTCQB, no longer a pink sheet.
Fully Reporting and listed on the QB.
http://www.otcmarkets.com/stock/APIT/quote
From what I hear the Audited 10k should be out in the next few days.
Also the first quarter should be on time which means around May 15th I think....? Or is it May 1st. I forget but its coming soon.
Anyway from what everyone is talking about they should show some small profits in the first quarter from the MyGos division of the company.
Thanks!
Hmmmm. All 3 quarterly reports for 2010 were filed yesterday AH. Also, a NT-10K. Seems they are getting their filings in order. Could give it a pop.
wow, they removed my message talking about shorters. thats so typical of them.
the yahoo board is filled with Shorters, talking bad about APIT.
I dont really like the yahoo board, but it seems to be where everyone goes. the yahoo board has terrible financial info and you have to put a .pk or .ob behind the symbol.
Interesting you would still not know that the web site is completely different.
The Mining web site is here
http://www.aspireinternationalinc.com/mining/
the main web site can be found here
http://www.aspireinternationalinc.com/
Its totally new and has been updated weekly since like 6 months ago. I talk to the guy who updates it on almost a daily basis.
Its funny that people still go to the old web page (that was never taken down) and do not click the link in the latest press releases to see the new sites.
Either way, there you go.
Thank you
The chart is looking like breaking out is a possibility with MACD crossing over from a low level and RSI bouncing off 50 - you would think that there would not be too many shares left looking at accumulate/dis on a constant rise. The buyers and sellers don't seem to be from from Ihub, I would be nice to have a bit more interest in this stock from the i hub community.
It's a wonder IR and management don't to a bit more to improve the web site, it's always been a problem IMO - probably because of the outdated equipment and low production at the mine currently is not very inspiring.
Lets hope some real work is happening regarding the development of Aspires huge mining potential. You would have thought with potentially the worlds largest manganese reserve, getting $$$ to get production going would not have been a problem. Hopefully it's because Aspire are looking for ways to keep the income for the company rather than ending up with a much smaller cut.
Anyway, I'm here because of the 18m OS - and I do actually rate this sleeper to earn the big $$$. I've read the promotion that states huge dividends and SP of $10.00. It is possible but boils down to the quality and ability of the personal to implement mining production, sooner rather than later IMO! Basically Aspire have a LOI/offer to buy every scrap of manganese that they can produce.
Kiwi
Bids up, volume up, .39 not moving.
I think Financials are due out shortly, and then in another month we should see the first quarter and based upon their past news there should be some nice profits in the financials from MyGos.
New Video, APIT grand opening for MyGos award ceremony in Hong Kong China.
They gave away 8 cars, some were BMW others were Buick. This was a huge ceremony and a great event for MyGos and Aspire.
Who wants to see it? Here is your link!
http://tv.centerpointcg.com/
Hope it helps!
Ok lets see here,
They acquired a B2C company (MyGos) which they claim has an $18 mil run rate. Very high margins like 75% because its an all online business where they charge the store around $20 a month to participate and put their products on the site.
Sell products or not its $20 a month.
So they picked up what appears to be a highly profitable company with what I am hearing has more what they announced in monthly revenue more like 2 mil a month for what?? How Much??
10 million shares at .40 cents?
On top of that they got rid of 2 mil of debt by getting rid of perfisans and this online shopping mall thing is taking the other 2 mil in debt from what I am told.
So, $4,000,000 they pick up a company that does more than 18 mil revenue and whipes out 2 mil in debt.
If this is all true its a STEAL! I dont care what anyone says if these numbers are true, this is the steal of the century. No one cuts a deal like that! Ever, never. So if this is not all BS then they must have some good close Chinese friends or family over there that gave MYGOS away at a very small price.
I dont either know to congratulate the management of APIT or slap the people of Mygos up side the head, but now matter how you cut it, thats the deal of the decade and we just started this decade!
These are my thoughts,
- Asians are big on Gold, and currently buying unprecedented amounts.
- Aspire is moving into becoming a Gold 'producer' according to the last PR
- Aspire needs $$$ to upgrade production of it's huge manganese resource and further explore is also large iron ore potential.
Asprie will earn $ from the e commerce business but will also use the opportunity market its huge mining earnings potential to this large and quickly expanding Asian customer base. I can tell that this is part of the plan as the analyst 'Green Barron' report (actually it a company pro-mo) is available directly from the GOS e commerce site in both English and Chinese http://www.mygos.net/view-news/77.htm and hopefully the Aspire story will also be told here: http://www.mygos.net/view-news/74.htm
The key is still the low share structure - and implementation of the plan.
So keep your chin up - Currently the chart/share price looks to me like new interest is arriving and I'm hoping it's gold loving Asians coming on board!
Kiwi
I can see that as a reason but I would have rather seen the company sell a small stake in the property or just about anything else that has to do with, well, mining!
What if the e-commerce platform heads south and revenue isn't as anticipated? Wouldn't they be back where they started?
I don't know...not thrilled here.
It's really very simple. Financing has been hard to come by despite being a wholly owned foreign emitter (WOFE), hence it cost them 10 million restricted shares (a heavy price I concede) to acquire a company which can generate the cash flow and capital they require to finance their current and future mining operations. I agree, in the best case scenario this would never have happened (i.e. branching out into internet B2C e-commerce) as it muddies the picture, and no longer makes Aspire a pure mining play. Necessity however, is the mother of invention.
On another note it's nice to see the company filing their financials for past years. This is a giant positive.
I've owned APIT before and believe in the long term mining play but I'm concerned about this online shopping mall? What's this all about? Why in the world did they acquire this?
Someone please make me understand?
New SAR uptrend if we can take out 40 which i feel could actually happen soon (link back for the chart)
As for the PR today, I wonder why they do not mention the current output/production from this mine.
They need to improve the website and let us know whats going on with Manganese production and upgrades.
Kiwi
Aspire Provides Update With Respect to Acquisition of the Guilin Gold Concession in Southwestern China
Aspire Intl (USOTC:APIT)
Aspire International Inc. (Pink Sheets:APIT) today announced that pursuant to its Letter of Intent to acquire the Guilin Gold concession located in the Guangxi Zhuang Autonomous Region of southwestern China, the company is moving towards completion of the transaction.
The South China Craton and its associated orogenic belts contain some of the most important metallogenic provinces in China that include world-class industrial, base and precious metal deposits. Pursuant to its Letter of Intent, Aspire GuangXi Inc., a subsidiary of Aspire International, has secured a majority interest in, and is moving towards completing the acquisition of, the Guilin Gold Deposit, a 3.95 sq. km. concession known to contain a minimum of five zones of gold mineralization in an area containing numerous mineralized zones, two of which are in production.
According to recent due-diligence survey work commissioned by Aspire, as well as prior extensive geological work by Chinese government geologists and others, the primary deposit may contain over one million metric tons of commercially mineable gold-bearing ore, with considerable additional potential to further expand the resource.
A more detailed mapping and drilling program is planned in a first and second stage pre-production exploration program as a follow up to the recent exploration program that yielded assay sample results from the Guilin Gold concession ranging from 0.024 to 43.1 grams of gold per metric ton of ore.
CEO Bok Wong commented, "We are delighted to report that we are nearing the finalization of this first of several planned acquisitions in the precious metals arena that we have been working on for some time. We believe it will complement our Manganese mine production, providing a significant additional source of revenue.
"We are confidently moving to completion of this acquisition on behalf of Aspire, and expect to expand the resource in due course as we further develop its full mining potential, which we believe will contribute strongly to our future growth."
About Aspire International
Aspire International Inc., www.aspireinternationalinc.com, is a Maryland corporation whose executive offices are in Toronto, Ont. Canada. The company recently acquired and now operates a Hong Kong-based international B2C shopping mall, "My Global Online Shop" (Mygos) – a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.
Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southwestern China, prospective in particular for manganese and gold.
Aspire's principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.
Cautionary Note About our Forward-Looking Statements
All of our statements that contain other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of applicable federal securities law. Forward-looking statements may generally be identified by words such as "believe", "project", "expect", "may", "estimate", "intend", "plan", "will", "could", and similar expressions. The Private Securities Litigation Reform Act of 1995 contains safe-harbor provisions for forward-looking statements, and we intend that our forward-looking statements be covered by those provisions.
Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse affect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information concerning our business, including additional factors that could materially affect our financial results, may be found in our periodic filings with the SEC (http://www.sec.gov).
CONTACT: Investor Relations
CenterPoint Communications Group, LLC
Todd Lorenze
386-775-2020 x 1
www.centerpointcg.com
http://ih.advfn.com/p.php?pid=nmona&article=46970798&symbol=APIT
Aspire promotion by Green Barron came via email today
Comments regarding the resent acquisition:
* Acquisition of International B2C Online Shopping Mall – On February 15, it was made official that Aspire acquired "My Global Online Shop", a platform that enables anyone to start his or her own business online. It currently hosts over 80,000 active stores and the Company projects this number could rise to over 150,000 active stores by the end of 2011. Aspire management began due diligence with respect the acquisition in August 2010.
* Huge Revenues and Profits Coming – The acquisition of the online shopping mall in of itself was an incredible purchase as it is already generating a revenue run rate of an impressive $18 million. We understand that profits from this $18 million revenue rate are staggering, but we will hold firm projections under the company reports its first quarterly financial statements that include this acquisition. However, if you follow the growth and numbers out just one year and trust the model, we figure that APIT could be earning .25 to .30 per share in 2011. At just 10 times earnings we see a $2.50 to $3 stock, and at 20 times we see $5 to $6. If you plow these profits into development of the mines, watch out!
- Link to the promo/report: http://www.thegreenbaron.com/A_A_Green_Baron_Stock_Picks/03-14-11.htm
.
The chart says up if we get more buying volume. I hope so!
Well put fredddyer, and I hope your are right.
Cork ....the lack of focus is disconcerting.....however I see this as a way to raise funds to finance their mining operations. Private investors have thus far been reluctant to finance a Chinese venture hence they've had to devise other financing techniques - it may, however not be that bad if the $18 million sales figure is to be believed as the margins in that business are rather large
The number of shares is 10 million .... you can read the 8K on Edgar
Thanks kiwisteve, and no I hadn't see that one yet.
They are bound and determined to find other stuff to do besides mining.
I can't figure these guys out, that's for sure.
Glad they got out of the semiconductor business and hope this doesn't become the new albatross of future debt around our necks.
Wish to hell they'd just focus on becoming the best mining company they can be.
We'll see, I hope it all works out.
Did you see the last PR - one out of left field but rather interesting - http://finance.yahoo.com/news/Aspire-Acquires-International-pz-666669076.html?x=0&.v=1
They did not say how many shares were added to aquire this company
Kiwi
Looking better kiwisteve. The market appears to have responded favorably to the discharge of the semiconductor debt.
Aspire Acquires International Online Shopping Mall
TORONTO, Feb. 15, 2011 (GLOBE NEWSWIRE) -- Aspire International Inc. (Pink Sheets:APIT - News) today announced that it has acquired 100% of the assets of Candid Global Resources Hong Kong Limited, a Hong Kong corporation principally engaged in the operation of an international B2C online shopping mall.
In accordance with the terms of the asset purchase agreement, Aspire acquired all of the assets of Candid Global with Aspire common shares, restricted per SEC Rule 144. The transaction has closed and Aspire is now the sole owner of the online shopping mall business, including the entire customer and store base, as well as all patents, copyrights, trademarks, licenses and other intellectual property.
The online mall, at http://www.mygos.net - "My Global Online Shop" - is a platform that enables anyone to start his or her own business online. It currently hosts over 80,000 active stores. Aspire management began due diligence with respect the acquisition in August 2010. My Global Online Shop has an excellent business model that has already shown impressive performance over a very short time frame with rapidly increasing cash flows and expects the business to grow significantly in 2011 and for many years to come, particularly building upon the extraordinarily rapid growth of Asia's burgeoning 3 Billion population reflecting success for Mygos so far.
Mygos has offices in Hong Kong and North America. Mr. Bernard Wong has been appointed as the CEO of the Asia Pacific Region and will lead the operation in China. He will be nominated to join the board of directors of Aspire.
Aspire President and CEO Bok Wong stated, "This transaction delivers extraordinary value to Aspire shareholders, with strong potential for substantial growth in revenue, profit and free cash flow as well."
About Aspire International
Aspire International Inc. is a Maryland corporation whose executive offices are in Toronto, Ont. Canada. The company just acquired and now operates a Hong Kong-based international B2C shopping mall. Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold.
Aspire's principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.
Recently, Aspire entered into a LOI to acquire a majority interest in a 3.95 square kilometer concession (also located in the Guangxi Zhuang Autonomous Region) known to contain a minimum of five zones of gold mineralization, of which two are in production and considered economically viable. The property contains an Inferred Resource of 465,616 ounces of gold, with average grades of 0.3563 ounces or 10.18 grams per ton contained in 1.29 million metric tons of ore, according to government geologists and recent geological survey work.
More information can be obtained from the Company's web sites at http://www.apitinternational.com.
Cautionary Note About our Forward-Looking Statements
Statements made herein regarding the intent, belief or current expectations of Aspire International Inc. are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance.
Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include the cyclical nature of the mining industry and the many markets addressed by the company and its customers' production; a change in demand for and market acceptance of new and any existing production; discoveries and grades could be less than expected or tonnage and other estimates less than anticipated; unforeseen technical problems may arise in the development, mining and production of many ores and minerals; the timing of new or additional production; changes in production and range of materials; production and mineral obsolescence; competition and availability of manufacturing capacity; fluctuations in mining and manufacturing yields; pricing pressures and other competitive factors; the ability to develop new and existing deposits and to obtain permits and licenses; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties of mines and mining, including those detailed from time to time in Aspire's Securities and Exchange Commission filings
Our forward-looking statements herein are made only as of the date hereof. Except as required by applicable law, we undertake no obligation to update or revise these statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
http://finance.yahoo.com/news/Aspire-Acquires-International-pz-666669076.html?x=0&.v=1
True that freddyer. Anytime there is an infusion of cash or reduction of debt, it is considered a positive for a company, and it would appear we are no exception. TG !
Cork sure looks like unloading the burdensome losses from the semiconductor business has given the stock a nice boost .... funny how we were just chatting about that
Thanks fredddyer. I always liked the dual nature of the business, but was in it primarily for the mining anyway.
Followers
|
7
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
297
|
Created
|
03/30/10
|
Type
|
Free
|
Moderators |
Aspire International, Inc.
(Symbol: APIT )
Web site (under development:) www.aspireinternationalinc.com/
Share StructureMarket Value1 | $12,840,523 | a/o Jul 18, 2011 |
Shares Outstanding | 32,924,419 | a/o Apr 11, 2011 |
Float | Not Available | |
Authorized Shares | Unlimited | a/o |
Par Value | 0.001 |
(On February 18, 2011 there were 18,884,419 shares of common stock issued and outstanding. )
Manganese - China
Guangxi Manganese Mine (3 NEW MINES)
A 43-101 Independently Surveyed Mining Report Values Aspire at Over $1 Billion; Report Implies In-Ground Valuation of $50 per share
Geologist Estimates Rank APIT's Manganese Resource among the Largest Deposits in the World
Green Baron Believes Production Ramp-up in 2010 is about to Launch Aspire International (APIT) Stock to substantially higher prices.
Today's Green Baron "Stock Alert" is a tightly held mining company that we believe is on the brink of unbridled success. Since the stock still trades on the OTC Exchange Market we could not initiate full coverage as a "Stock Pick". It is our understanding that the Company is now working to completely update its financial filings and other aspects of the company.
This virtually unknown stock remains "ON SALE" for these reasons, and our members have a chance to snap up what we believe are the last cheap shares available before the company, which recently traded near to its all time high, could soon break above that level to new all time record highs, which from a technical standpoint, could project prices up towards $1 per share.
Aspire International, Inc. (OTCPK: APIT) is officially our newest Green Baron "Stock Alert". Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members.
Although we have very aggressive price projections for APIT, we still suggest our members try to accumulate shares as close to our profile price as possible and up to recent 2010 highs.
TRADER'S NOTES: While APIT trades on the OTC market for the time being, the company is updating its financials and we expect this to be completed soon and it has a goal to attain an AMEX listing as soon as practicable.
At the same time the company's stock price and activity has increased as multiple market makers have joined in to quote the stock with increasingly tightening spreads of late. Most recently, APIT has been quotes with a spread of only about two cents or less.
Due to the relatively low number of shares outstanding, APIT stock can move a large percentage on even moderate volume. APIT has traded mostly between .30 and .40 for much of 2010, hence the reason the 50-day moving average is over .37 per share.
Most investors are not aware of what is going on with Aspire, and we believe we've truly uncovered a tremendous opportunity at an emerging early stage. This stock should be trading well into the dollars once investors fully realize the Company's asset value and progress!
Aspire International, Inc., through its Chinese subsidiary, Aspire GuangXi Inc., owns a 70% interest in the Na Wang Manganese Project in the GuangXi region of southern China.
A 43-101 report commissioned by Aspire, published by Canadian mining professionals (including lead geologist Duncan J. Bain B.Sc., P.Geo.), studied a small tract of the project about 1/20th of the land area:
The report concluded that this minute section of the entire resource is valued at approximately $200 million. If the remaining tracts are of comparable quality as consulting geologists already believe to be the case, then this would conclude that Aspire has a total reserve worth in excess of $1 billion according to the completed 43-101 feasibility study.
• China's appetite for Manganese - China is a net importer of Manganese and this growing deficit places Aspire in a uniquely advantageous position given the fact it already has a potential buyer for its entire maximum production, output and mine life with China having had to import 9.6 million tons of Manganese last year. China's insatiable demand for Iron Ore and Manganese continues unabated and Manganese is already considered a rare earth mineral with no US production.
• Prime Location in Area Rich in a Diversity of Metals - Located along China's border with Vietnam, the GuangXi region has more Tin, Manganese, Indium, base and precious metals and metal deposits than any other province of China. Since the Na Wang Project is the largest Manganese deposit in GuangXi, it has extensive local and regional government support that could lead to expansion of other projects.
• Valuation and Validation - The 43-101 report published by Canadian mining professionals including lead geologist Mr. Duncan J. Bain B.Sc., P.Geo., took in to consideration observations of exploration, development and mining activities over the five mineralized zones on the property.
APIT is believed to have a reserve worth in excess of $1 billion based on the 43-101-feasibility study.
• Excellent Facilities and Accommodative Infrastructure - The Na Wang Manganese Project consists of a mining area of 21.3 Square Kilometers (5.1 square miles) ideally suited to low cost open pit mining with easy access to a water source, a deepwater port, and electricity.
• Already in Production - Currently, the mine is producing 100 tonnes (110 U.S. tons) per day. By utilizing the more advanced western mining technology, APIT plans to ramp the capacity up to 500 tonnes (550 U.S. tons) per day by the middle of 2010.
• Consumption Increase and New Uses - Manganese consumption worldwide has been growing by 8% per year. Also, newly discovered applications for Manganese are constant with some having "green" implications.
About Aspire International, Inc.
Aspire International, Inc., through its Chinese subsidiary, Aspire GuangXi Inc., owns a 70% interest in the Na Wang Manganese Project in the GuangXi region of southern China.
It is a largely scalable project with reserves of 7.4 million metric tons at an average grade of 20% manganese. However, through secondary screening processes, the ore can average a net 38% - 40% yield or considerably higher for manganese.
The Na Wang property currently has a mining area of 21.3 sq km.
The Project lies near Na Wang Village, about 25 kilometers northwest of Fangcheng City, Guangxi Province. Located along China's border with Vietnam, the GuangXi region has more Tin, Manganese, Indium, base and precious metals and metal deposits than any other province of China.
Since the Na Wang Project is the largest Manganese deposit in GuangXi, it has extensive local and regional government support that could lead to expansion of other projects.
APIT plans to sell the Manganese from the Na Wang Manganese Project directly to alloy manufacturers and metal traders. In an effort to contain costs and utilize the most qualified individuals, APIT will outsource the mining labor and management.
The Na Wang Manganese Project contains a minimum of three mineralized zones and two sites of mine tailings, each of which has been assigned to a different mining contractor.
Each of these established, regional contractors has guaranteed APIT a minimum production level and has financial incentives to surpass them. This is part of APIT's strategy to subdivide its asset into multiple mining sites to attract individual contractor miners.
Aspire International APIT intends to build on its manganese foundations, applying its mining and acquisition expertise, to further develop its base metal mining activities in the nearby region, in particular, in the related field of Iron Ore mining and production, as well as exploration, acquisition, development and production of Gold, Silver and Copper.
While the initial emphasis on Manganese ore remains the primary source of cash flow, efforts will soon be increased to acquire additional cash flow driven projects in these related fields in which management already expressed considerable interest in exceptional acquisition targets under consideration, with an emphasis on China's most important needs over coming decades, with a population four times that of the USA. With China's Gold demand alone expected to double, the likelihood of Manganese and Iron Ore demand also doubling is a natural progression of continuing economic growth.
More about Manganese
Although even some of the most sophisticated investors may not have heard much of Manganese, its growing importance cannot be underestimated.
We understand how well other rare metals such as Rhodium and Zinc performed, and how Manganese is becoming the preferred alloy in much of steel production today.
Manganese is a brittle, hard gray-white metal that looks a lot like Iron and is present in practically everything made of steel and since nickel prices soared in the last decade Manganese use has increased exponentially as a lower cost alloy in many steels.
Manganese is also used in many everyday applications including dry cell batteries, (about 20 Billion per year), aluminum cans, (about 100 Billion per year), electronic circuits as well as fungicides and pesticides and although manganese may be fatal to a bug or fungus, it is vital to our good health as humans. The recommended intake of manganese is 2-5 mg per day.
The latest use of Manganese and its derivatives is seen as increasingly in demand for Hybrid vehicles ensuring usage will continue to rise.
Excerpts of reports and other supporting research illustrate a compelling case for the future of Manganese as an investment:
There is growing alarm among some analysts and commentators regarding the fact that America and Canada have no domestic mine operations in Manganese.
We have a Steel Industry that's as high tech and as capable as any to compete on the world stage, but still (since 1985) America must remain at the mercy of imported Manganese and mostly from not so friendly nations.
This is compounded by potential supply disruptions due to competition from developing countries such as China and Africa's electrical problems over the past few years, not accounting for the fact that China is already soliciting Manganese to make up for its huge shortfall in production of 9.6 Million tons per year. This implies that all locally produced Manganese in China is already sold out.
We constantly read of late how China controls 93% of Rare Earth production worldwide and all of the fears that this little detail encompasses. Well, how about the fact China controls approximately 97% of the world's supply of Electrolytic Manganese Metal (EMM). People need to wake up to the fact that Steel cannot be made for today's world without 15% of the Manganese for each ton of steel benefits, mainly for de-sulphurization and alleviating brittleness of many steel products, but increasing its flexibility, not to mention that Manganese is now replacing Nickel in many Stainless Steel products due to cost cutting factors.
Manganese is used in many forms and applications today and one of the latest is in Cathodes for Lithium-Ion batteries for Hybrid vehicles.
This is one reason that begs the question: Why are people so concerned with Lithium supplies, when little to nothing is being said about Manganese. Batteries use a form of Manganese: Electrolytic Manganese Dioxide (EMD) and both EMD & EMM must be supplied or produced from raw Manganese ore produced by outside Nations.
Over the past 6 years the annual demand growth rate for Electrolytic Manganese has been an astounding 26% per year, primarily due to the steel market and here we are almost totally dependent on China for all the Manganese Derivatives, EMM / EMD used by American industry.
Manganese has become so valuable in recent decades; the US Government lists it as a "Strategic Metal"
"On Jan. 7, 1987, Manganese was certified by the U.S. Dept. of State as a Strategic Mineral essential for the economy and defense of the United States that is unavailable in adequate quantities from reliable and domestic suppliers. The problem created by this unavailability is aggravated since there is no satisfactory substitute for Manganese among its major applications and it has itself now become a substitute in certain alloy applications due to new and innovative metallurgical discoveries."
• The U.S. Geological Survey also states: There are no substitutes for Manganese in its major applications - The manufacture of steel, steel alloys, non-steel alloys, batteries (alkaline), fertilizers and animal feed.
Just to add insult to injury, the U.S. Government ads a 14% Import Tax on EMM to compliment the 20% Export Tax China imposes.
That potentially places many businesses in the U.S. at a substantial disadvantage to China, when it comes to the wide uses of Manganese in our domestic industries.
Here are a few more pertinent statistics regarding Manganese (EMM / EMD):
• Manganese is the world's 4th largest traded metal behind Iron, Aluminum, and Copper.
• Manganese consumption worldwide is roughly 30 Billion Lbs per year.
• Electrolytic Manganese production has gone from 660 Million Lbs p/yr in 2002 to 2.6 Billion Lbs pa in 2008.
• S Africa has been facing extreme metal production decreases due to electrical power shortages.
• Worldwide Manganese demand has been growing by 8% per year. (Approximately 1.5 Billion lbs)
• Worldwide Demand for Electrolytic Manganese by Industry = 47% for Steel, 32% for Aluminum, 14% for Electronics, 7% for Chemicals with additional uses continually emanating from the high tech sector.
• Military applications for Manganese are huge but on the extreme side of the spectrum and yet are seldom mentioned much.
Breakthrough Discovery?
A recent process developed by Kyoto University in Japan to reproduce the photosynthesis process using Manganese Dioxide may be able to absorb very large quantities of Carbon Dioxide (CO2) emissions, improving our air quality.
If these Kyoto scientists are successful, one can only begin to imagine what excitement there will be from the Global Warming crew and media.
Manganese could very well play an historic part in our earth's green future. Rare Earth metals could become increasingly more important and are already an extremely important part of a new world in mineral uses and latest discoveries, but soon we will see Manganese become much further to the forefront of North American miners and media follow as it should.
Aspire International, Inc. (OTCPK: APIT) plans to significantly ramp up production for manganese at its mine in China this year.
We believe there is a tremendous appetite for purchase of manganese, and expect Aspire to attract favorable financing terms to increase production to over 500 tonnes per day by the end of 2010.
APIT is currently trading at a mere fraction of its potential. Most investors are unaware of its assets or the outlook for manganese.
The stock's recent pullback near the 2010 trading low to be an ideal entry point for our members.
The upside in the stock is staggering. In ground assets need to be dug up and processed: However, Aspire has control of claims that demonstrate serious value.
2011 PR
Aug 3, 2010 | 12:00 | Aspire Will Bring Financials and Filings Up to Date and be in Full Reporting Compliance With All Regulatory Authorities |
Apr 15, 2010 | 09:40 | Aspire International to Increase Production of Manganese |
Apr 6, 2010 | 10:00 | Aspire Signs MOU to Explore Mining Property in Cambodia |
Dec 9, 2008 | 08:00 | Aspire Announces the Professional Mining Report |
Nov 19, 2008 | 08:00 | Aspire Appointed a Group of Mining Professionals for Site Survey |
Nov 11, 2008 | 08:00 | Aspire Signs a Mining Subcontract Agreement |
Nov 4, 2008 | 08:00 | Aspire Builds China Management Team |
At the Company:
To-Hon Lam, Chief Technical Advisor
Aspire International, Inc.
18 Crown Steel Drive, Suite18
Markham, ON L3R9X8
Phone: (905) 943-9996
www.otcmarkets.com/pink/quote/quote.jsp
Daily Weekly
Chart is ready to rock @ .40
Volume starting to come in @ .40
International Manganese Institute - www.manganese.org/
Manganese Ferro HC Prices - metalprices.com/FreeSite/metals/mn/mn.asp#MoreCharts
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |