Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Guerrero, Mexico, to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.
Volume for Friday was heavy 10,650,180 with Avg Vol (10-day) being 7.1M
Shares Outstanding 1.3B /
Float. 426,615,844
Sept 2020 -the Company initiated a gold-backed cryptocurrency coin: Viewed as a revenue diversification project to create liquidity and monetize gold production. Followed up with…
Nov 12- the Company signed a Memorandum of Understanding (NOT to be confused with a Letter of Intent) and came to terms to produce a gold-backed cryptocurrency coin. AABB continues discussions with the developer to plan the details of the design, branding, implementation and milestone events schedule for the gold-backed crypto coin under the agreed terms prior to initiating the development process. This is still in process
However, their Gold Production and Revenues are kicking Ass!
October 20
• The Company confirmed its highest gold production and gross profit quarter to date for the period ending September 30.
• The Company's gold production more than doubled in the first quarter of 2020, in comparison to the fourth 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.
• Utilizing these new facilities, Q3 was the first full quarter to capitalize on the higher production and efficiency capabilities. AABB is anticipating a three-fold increase in gold production levels in 2020 from the Company's added operational capacity.
• The Company's September 30 financials will be published in the coming weeks.
• Furthermore, recent economic conditions have created strong and unprecedented fundamentals for gold producer equities.
• AABB is updating its annual gross profit budget from $12M to exceed $14M in 3rd quarter 2020 earnings
It appears the Earnings Report date was guesstimated for Nov 8…it wasn’t and is expected anytime now….and projected to be big…no HUGE!
Asia Metals Inc continue to expand on current properties while adding new regions
The chart is actually exciting. The biggest jump it had was on Aug 27 the low was .0031 which is what it is now; it jumped to .0167 which is almost 450%.
But the exciting part is that it jumped based on the expectations of the current expected Earnings report…which since time has been not only confirmed..but lifted to even higher expectations. OH BOY!!
