Successes and Failures are Parts of Trading. They are Not Permanent.
IMPT NOTICE: NEWLY REGISTERED MEMBER MUST ACTIVATE THEIR ACCOUNTS TO COMPLETE THEIR REGISTRATION PROCESS

image host
Marcventures Holdings, Inc.
#1
Business Profile:

Marcventures Holdings, Inc. (MARC) was incorporated on August 7, 1957 under the name Acoje Oil Exploration and Drilling Co., Inc. for the purpose of engaging in oil exploration and drilling services. The protracted slump in oil exploration activities due to poor drilling results, however, led the Company to shift its business to providing water-drilling services. In 1996, the Company ventured into the property market and subsequently revised its primary purpose from oil exploration to that of a holding company. It also changed its Company name to Acoje Holdings, Inc. (Acoje). In 2000, the management of Acoje focused its investments in the fast-paced business of enabling technologies and service industries, particularly communications technology and mobile information services. Accordingly, the Company changed its name to AJO.net Holdings, Inc.

MARC continues to be a holding company but its focus will be on mining and mining related investments and activities, instead of internet technology. Following the acquisition, the Board of MARC approved the change in the Company's name to its present name on February 10, 2010.

The Company, through its subsidiary Marcventures Mining & Development Corporation (MMDC), holds a Mineral Production Sharing Agreement covering 4,799 hectares in the province of Surigao del Sur. However, as of end 2010, MMDC is still in its development phase and will officially begin commercial operations next year.

Source: SEC Form 17-A (2010)



Attached Files Thumbnail(s)
   
Reply
image host
#2
Report on Mining Status Operations:

Marcventures Mining Development Corp. (MMDC) started preliminary extraction activities during the second quarter of fiscal year ending June 2011. The company employed various contractors for extractive and hauling purposes. Though work in July 2010 and August 2010 was hampered by heavy rains, by end-September, the Company had moved approximately 100,000 WMT of material, and extracted 30,000 WMT of saprolite ore.

Infrastructure works consisted of clearing and grading operations for various mountain roads that form part of the haulage network. Initial work was also done on the Alamio River bridge which is also part of the haulage network.

Extraction operations continued only throughout October as heavy rains returned in November and December. The Company moved approximately 80,000 WMT of material, and extracted 15,000 WMT of saprolite ore, bringing its stockpile to 45,000 WMT at a grade of 1.89%.

Infrastructure development was accelerated in this quarter. Continued clearing, grading, and surfacing was performed on the mountain road network. The Alamio River bridge, started in the previous quarter, was completed. I Several hectares of coastal property and heavy equipment were purchased for the purpose of road right of way and the construction of the Carrascal Causeway, which is still in progress.

Source: Page 13 3rd Quarter Reporting 2010 = March 2011 (Fiscal Year Accounting)
Reply
#3
Outlook:

MMDC’s mineral property remained undeveloped for many years due to the relatively low price of nickel which made production uneconomical. The rise in nickel prices together with new technologies in refining nickel limonite ore, has created a strong demand for nickel ore, especially from China. The economic viability of nickel limonite ore spurred the Company to conduct further exploration of the mineral property, which led to the discovery of large volumes of high-grade saprolite nickel ore.

The future of MMDC will largely be dictated by the demand for and price of nickel and the ability of the Company to successfully develop and enlarge its orebody to enable it to continuously ship larger quantities over time. Presently, MMDC’s work program covers an area of 120 hectares, which is about 2.5% of the total mineral property covered by its MPSA.

Source: Same as above but Page 13 of the report

On Page 17 of the same report, it states the following:

MMDC is still in its development phase and will expect to be able to begin shipment of its ore production sometime in 2011.
Reply
#4
MANILA, Philippines - Marcventures Mining and Development Corp. is investing P474 million for a nickel mining project in Cantilan, Surigao del Sur.

The project was recently granted tax holidays, duty free importation, and exemption from local government taxes by the Board of Investments.

Marcventures said that its open pit mining operations will produce up to 800,000 wet metric tons of nickel annually.

The mining company is planning to export nickel in July.

Marcventures has tapped Japan's Hanwa Co. Ltd. for the exclusive distribution of its nickel ore to countries such as Japan, South Korea, China, India, United States and European countries.

Nickel is commonly used in producing stainless steel, super alloys, electroplating, batteries, coinage, magnets and other industrial and commercial materials.

http://www.abs-cbnnews.com/business/06/1...l-mine-ops
Reply
#5
Combine the above and you will find out the reason why it bounced today + TA and see if you have a winner. Final trigger is required for a rally. Smile
Reply
#6
Made a KWITON today...kumabaga...malakin KWITIS hihihiih....will it continue to soar....i am also waitng if it could break beyond 1.90..Heart
"The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius."
-Alan Greenspan-
Reply
#7
ahaha! astig yung latest candle stick ah, parang sarap sindihan para umakyat na. Big Grin
What should be the entry price for this sir? if lumampas to ng 1.90 at mid-market hours, yun naba ay isang senyales na nasindihan na?...
~In all your ways, acknowledge God.

Initializing Bazura Mode...
Reply
#8
(06-27-2011, 09:26 PM)Luc23 Wrote: ahaha! astig yung latest candle stick ah, parang sarap sindihan para umakyat na. Big Grin
What should be the entry price for this sir? if lumampas to ng 1.90 at mid-market hours, yun naba ay isang senyales na nasindihan na?...

Don't rush this. Try mo salo ng konti sa baba kasi baka di pa umakyat ng tuloy tuloy. Read again ang sinabi ko for final trigger. Lahat sa baba sumasalo ng nainip. Big Grin Tama ba master? Besides, layo pa ng gap ng bid and offer. Smile Patience kailangan mo dito ha. Read again para medyo alam mo time line.
Reply
#9
ah oks Mam Ruach, salamat sa advice. hehe. di naman ako nagmamadali, balak ko maglaro muna sa may mga kuryente. tag-ulan na ngayon at malamang tumaas ang demand natin sa electricity. Big Grin
~In all your ways, acknowledge God.

Initializing Bazura Mode...
Reply
#10
Well said Lady Ruach....patience is key for a good entry price...abang abang lng close to support...mejo kulang pa mga dala nyan fireworks for a synchronized display of glitz. Heart
"The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius."
-Alan Greenspan-
Reply


Forum Jump:


Users browsing this thread: 3 Guest(s)