Asia Broadband Inc (AABB)

[stervc]

SPARK, regarding the AABB & its Gold update tomorrow...

Generating $6.7 million in gross profit in 2019 and on track to generate over $12 million for 2020 reflects great potential growth here with AABB. They have a lot going on that I think all should review to get an idea of the magnitude that exists here with AABB:

https://www.otcmarkets.com/stock/AABB/news/story?e&id=1589638
LAS VEGAS, April 30, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that it has signed a definitive purchase agreement to acquire a 100% interest in a new gold mine and its surrounding property in Colombia, South America. The property consists of 912 hectares and includes an artisan mining site on the property that has historically produced gold and silver. The acquisition price of the property was $4 million, with $1 million paid upon the signing of the agreement, $1.5 million due by October 31, 2020 and $1.5 million due by April 30, 2021. Further details of the agreement and property will be released in the coming weeks as the ownership transition process is completed.

The Company’s new gold mine acquisition campaign is targeting properties in South America, Central America and Mexico, which have high development potential and historic gold production. The focus of the campaign is to duplicate the successful acquisition model of the Company's existing high-density, shallow gold mine property in Guerrero, Mexico, that has known historical gold vein structures. AABB is currently directing a full-scale development and production expansion of its mine and property in Mexico.

Additionally, AABB has now confirmed that its fourth stage drill results will be published Tuesday, May 5, 2020. The outstanding success with the ongoing $4 Million Phase II Exploration and Development Program has included three drill result stages to date that have all recorded multiple drill hole high-grade intersections of double-digit grams of gold per ton. The 20,000 (m) drilling campaign is targeting areas in extended proximity to the Company’s mine in Guerrero, Mexico, to further delineate the known historical and new gold vein structures.

https://www.otcmarkets.com/stock/AABB/news/story?e&id=1585131
LAS VEGAS, April 27, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the financial results for the 1st quarter ending March 31, 2020, will be published in the coming weeks confirming the Company’s highest quarterly gross profit. Gold production more than doubled in the 1st quarter of 2020, in comparison to the 4th quarter of 2019, due to the higher daily throughput levels and metals extraction efficiencies achieved with the new production facilities that began the operational phase-in process early this year. Additionally, the economies of scale from higher productions levels and lower energy prices both reduced production costs and added to the bottom-line gross profit for the quarter. Based on the preliminary results for the 1st quarter of 2020, AABB has began formulating its annual gross profit budget and is projecting it to exceed $12 million in 2020.

https://www.otcmarkets.com/stock/AABB/news/story?e&id=1583102
LAS VEGAS, April 23, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the recent Bank of America gold forecast upgrade to $3,000 an ounce affirms the Company’s focus on mining production and facilities expansion in 2020. The recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase, which is expected to be heightened by the contraction of the general markets. Additionally, the recent collapse of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. AABB is anticipating a two to three fold increase in gold production levels in 2020 from its increased operational capacity.

https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold

Concurrently, AABB’s outstanding success with the ongoing $4M Phase II Exploration and Development Program anticipates its fourth stage drill results will be available for release next week. All three of the Program’s drill result stages to date have recorded multiple drill hole high-grade intersections of double-digit grams of gold per ton. The 20,000 (m) drilling campaign is targeting areas in extended proximity to the Company’s mine in Guerrero, Mexico, to further delineate the known historical and new gold vein structures.

https://www.otcmarkets.com/stock/AABB/news/story?e&id=1579441
LAS VEGAS, April 20, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., recently posted the Company’s financial results for the year ending December 31st recording an all-time high annual gross profit, advocating the continued acceleration of its mining operations expansion into 2020.

AABB reported $6.7 million in gross profit in 2019, representing a 76% increase over the $3.8 million gross profit reported in 2018. In addition to the dramatic increase in gross profit, the Company reported $14.9 million in cash on the balance sheet at the year-end of 2019. Near the end of the fourth quarter of 2019, AABB began a large-scale $10 million expansion of its production facilities and received the second investment payment of $9 million from its joint venture partner. The Company is anticipating a two to three fold increase in gold production levels in 2020 from the increased operational capacity.

Further more, the recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility and inflationary effects of the Coronavirus pandemic have begun to launch gold and gold producers into a significant growth phase, which is expected to be heightened by the contraction of other market sectors. Additionally, the recent collapse of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers.

https://seekingalpha.com/article/4331314-coronavirus-is-bullish-for-gold-prices-and-gold-stocks
https://seekingalpha.com/article/4332460-buy-this-dip-in-gold-stocks-be-kicking

https://www.otcmarkets.com/stock/AABB/news/story?e&id=1536359
LAS VEGAS, Feb. 20, 2020 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., today announced that it has signed a Letter of Intent to acquire a strategic lithium property in Mexico. Management has been coordinating the efforts of land agents and property consultants to assess the viability of several lithium properties over the past several months prior to moving forward with an acquisition. The Company is conducting its final stages of due diligence in preparation to complete an acquisition agreement for the new lithium property.

In addition to the on-going acquisition campaign targeting mineral properties that have historic gold production, the Company's strategic growth program has established a directive to acquire lithium properties and interests to diversify its high growth holdings. The world-wide demand for lithium is expected to continue on a path of tremendous growth induced by the pervasive production of lithium-ion batteries required for electric vehicles, personal electronics and electric storage devices.

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Sterling