Viking Ashanti Ltd

Type: Company
Name: Viking Ashanti Ltd
First reported 22 hours ago - Updated 22 hours ago - 1 reports

VIKING ASHANTI : 17-04-14: Clarification Regarding Proactive Investors Report

ASX Code: VKA Clarification Regarding Proactive Investors ReportViking Ashanti Limited (VKA) refers to its announcement to the market dated 10 April 2014 in which it advised that an independent research report prepared by Proactive Investors Australia ... [Published 4 Traders - 22 hours ago]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Viking Ashanti's takeover offer of Auminco Mines reaches 56.62% acceptances

Viking Ashanti  ( ASX:VKA ) has reported that acceptance for its off market takeover offer for unlisted Mongolian thermal and coking coal company Auminco Mines has reached 56.62%.This puts it on track to secure a package of advanced coal assets including ... [Published Proactiveinvestors United Kingdom RSS feed - Apr 16 2014]
First reported Apr 09 2014 - Updated Apr 10 2014 - 2 reports

Viking Ashanti to fast track Mongolian coal production within 12-18 months

Recommendation: Speculative BuyShare price target: $0.085 to $0.165   Sector: MaterialsASX Code: VKAShare Price: 0.03552 Week -: High: $0.055Low: $.018Ordinary Shares: $112.7M*Options: 22.7M*Cash: $0.89MMarket Cap: $3.9MEnterprise Value: $3.01MPost Auminco ... [Published Proactiveinvestors United Kingdom website - Apr 10 2014]
First reported Apr 10 2014 - Updated Apr 10 2014 - 1 reports

Viking Ashanti : 10-04-14: Proactive Investors Report

Proactive Investors Report ASX Code: VKAViking Ashanti Limited (VKA) advises that a report prepared by Proactive Investors Australiais now available on the company's website.ENDS Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005T +61 8 6313 5151 ... [Published 4 Traders - Apr 10 2014]
First reported Apr 04 2014 - Updated Apr 04 2014 - 1 reports

VIKING ASHANTI LODGES TAKEOVER OFFER FOR AUMINCO MINES

Ulaanbaatar /MONTSAME/ Newly Mongolian focused Viking Ashanti (ASX: VKA) is a step closer to acquiring unlisted Auminco Mines Limited, owner of a package of advanced coal assets after lodging a Bidder's Statement with ASIC, reported proactiveinvestors.com ... [Published Organization of Asia-Pacific News Agencies - Apr 04 2014]
First reported Apr 03 2014 - Updated Apr 03 2014 - 3 reports

Viking Ashanti lodges takeover offer for Auminco Mines

1:57 am by Newly Mongolian focused  ( ASX: VKA ) is a step closer to acquiring unlisted Auminco Mines Limited, owner of a package of advanced coal assets after lodging a Bidder’s Statement with ASIC today.The bid is a friendly, off-market takeover offer ... [Published Proactive Investors USA - Apr 03 2014]
First reported Mar 24 2014 - Updated Mar 25 2014 - 4 reports

VIKING ASHANTI : Recommended Takeover Bid for Auminco Mines by Viking Ashanti

Release date- 21032014 - Further to Viking Ashanti's announcement of 6th December 2013 , regarding a proposed transaction with Auminco Mines Limited , Viking Ashanti is pleased to confirm that it will proceed with an off market takeover offer for all ... [Published 4 Traders - Mar 25 2014]
First reported Mar 23 2014 - Updated Mar 24 2014 - 2 reports

VIKING ASHANTI GETS GREEN LIGHT FOR MONGOLIAN COAL PROJECT ACQUISITION

Ulaanbaatar /MONTSAME/ Viking Ashanti (ASX:VKA) is a step closer to acquiring the Mongolian Berkh Uul Coal Project after the board of unlisted Auminco gave it the green light to accept an off market takeover offer by Viking. ... [Published Organization of Asia-Pacific News Agencies - Mar 24 2014]
First reported Mar 21 2014 - Updated Mar 21 2014 - 2 reports

Viking Ashanti Ltd confirms off market takeover offer of Auminco Mines Limited

Viking Ashanti Ltd:Further to announcement of Dec. 6, 2013, regarding proposed transaction with Auminco Mines Limited (Auminco).Confirm that it will proceed with off market takeover offer for all of issued share capital of Auminco.Under terms of Offer, ... [Published Reuters - Mar 21 2014]
First reported Mar 17 2014 - Updated Mar 18 2014 - 1 reports

VIKING ASHANTI: NEW AUMINCO MONGOLIAN COAL RESOURCE

Unlisted Australian takeover target Auminco Mines has sweetened the all scrip deal with a new 38.3Mt JORC coal resource for its 100%-owned Berkh Uul project in N Mongolia.The resource, 400km N of Ulaanbaatar in the Orkhon-Selege coal district and within ... [Published Mining Business Media - Mar 17 2014]

Quotes

...level of acceptance from Auminco shareholders so promptly, and thank the Auminco directors for their support during this recommended offer process.  "We look forward to moving to the 90% acceptance level as soon as possible, and concluding our planned capital raising.”Under the terms of the offer, which was launched earlier this month, accepting Auminco shareholders will receive 60.6 Viking Shares and 20.2 Viking Options for every 100 Auminco Shares held.Auminco shareholders will emerge with a 47% stake in Viking, and play a major role in the evolution of Viking as a participant in the Mongolian thermal and coking coal markets.The combined entity could become a producer of thermal coal within the next 12 – 18 months.Notably, Auminco was established by founding shareholders and management of  Coalworks Ltd, which was eventually taken over by Whitehaven Coal (ASX: WHC) for  around $200 million in 2012. Viking’s lead project, Berkh Uul, is located in northern Mongolia next to a rail link that connects with Russian markets, and provides quick access to domestic power plants and industrial users at Darkhan and Ulaanbaatar.Near term, low cost production is forecast, with a JORC resource of 38.3 million tonnes of high quality, open pittable unwashed bituminous coal.Development risk is considered lower than for most Mongolian coal companies as overall CAPEX for Berkh Uul is low by most standards; start-up mining rate will not be large, with flexibility to build over time with simple and proven mining and processing technology, thus reducing funding and execution risk AnalysisAnalysis Viking Ashanti  provides an opportunity to acquire a company valued as an explorer before a likely share price uplift to a producer.Berkh Uul has potential to generate robust operating cash flows. A small scale conceptual mine may initially produce 500,000-750,000 tonnes per annum of thermal coal, generating free cash flow of $3-$5 million. We have estimated a share price target of $0.085 to $0.165 within 12 months, with further upside as Berkh Uul moves to increased and value added production. "

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VIKING ASHANTI : 17-04-14: Clarification Regard... [Published 4 Traders - 22 hours ago]
Viking Ashanti's takeover offer of Auminco Mine... [Published Proactiveinvestors United Kingdom RSS feed - Apr 16 2014]
Viking Ashanti's takeover offer of Auminco Mine... [Published Mbendi - Apr 15 2014]
Viking Ashanti's takeover offer of Auminco Mine... [Published Organization of Asia-Pacific News Agencies - Apr 15 2014]
Viking Ashanti Ltd announces that Auminco Mines... [Published Reuters - Apr 15 2014]
Viking Ashanti's takeover offer of Auminco Mine... [Published Proactive Investors Australia - Apr 15 2014]
Viking Ashanti to fast track Mongolian coal pro... [Published Proactiveinvestors United Kingdom website - Apr 10 2014]
Viking Ashanti : 10-04-14: Proactive Investors ... [Published 4 Traders - Apr 10 2014]
Auminco directors backs Viking Ashanti offer [Published Mining Weekly - Apr 09 2014]
VIKING ASHANTI LODGES TAKEOVER OFFER FOR AUMINC... [Published Organization of Asia-Pacific News Agencies - Apr 04 2014]
Viking Ashanti lodges takeover offer for Auminc... [Published Proactive Investors USA - Apr 03 2014]
Viking Ashanti lodges takeover offer for Auminc... [Published Proactiveinvestors United Kingdom RSS feed - Apr 03 2014]
Viking Ashanti lodges takeover offer for Auminc... [Published Proactive Investors Australia - Apr 03 2014]
VIKING ASHANTI : Recommended Takeover Bid for A... [Published 4 Traders - Mar 25 2014]
Viking Ashanti Gets Green Light For North Mongo... [Published Seeking Alpha - Mar 25 2014]
Viking Ashanti gets green light for North Mongo... [Published Proactive Investors USA - Mar 24 2014]
Viking Ashanti gets green light for North Mongo... [Published Proactiveinvestors United Kingdom RSS feed - Mar 24 2014]
VIKING ASHANTI GETS GREEN LIGHT FOR MONGOLIAN C... [Published Organization of Asia-Pacific News Agencies - Mar 24 2014]
Viking Ashanti gets green light for North Mongo... [Published Proactive Investors Australia - Mar 23 2014]
Viking Ashanti Ltd confirms off market takeover... [Published Reuters - Mar 21 2014]
21-03-14: Recommended Takeover Bid for Auminco ... [Published Noodls - Mar 21 2014]
VIKING ASHANTI: NEW AUMINCO MONGOLIAN COAL RESO... [Published Mining Business Media - Mar 17 2014]
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Viking Ashanti to fast track Mongolian coal pro... [Published Proactiveinvestors United Kingdom website - Apr 10 2014]
Recommendation: Speculative BuyShare price target: $0.085 to $0.165   Sector: MaterialsASX Code: VKAShare Price: 0.03552 Week -: High: $0.055Low: $.018Ordinary Shares: $112.7M*Options: 22.7M*Cash: $0.89MMarket Cap: $3.9MEnterprise Value: $3.01MPost Auminco ...
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