AABB - Asia Broadband, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0596
+0.0098 (+19.80%)
At close: 3:46PM EDT
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Previous Close0.0498
Open0.0500
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0500 - 0.0600
52 Week Range0.0025 - 0.1029
Volume367,787
Avg. Volume155,147
Market Cap20.237M
Beta-2.55
PE Ratio (TTM)N/A
EPS (TTM)-0.0930
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • PR Newswire8 hours ago

    Asia Metals Inc. To Finalize $34 Million Joint Venture Agreement

    LAS VEGAS, Sept. 19, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has initiated the finalization of a definitive joint venture agreement for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico. Subsequent to the signing of a Letter of Intent (LOI) for the joint venture with a Chinese holding company and an evaluation due diligence period, there is agreement from both parties to move forward with the joint venture agreement. The key terms of the agreement are a $34 million capital commitment allocated over a 3 year period, a $5 million initial payment within 30 days of signing the final agreement and a $12 million minimum capital outlay in 2019. The joint venture capital will be allocated to significantly expand the identified resources within the Asia Broadband properties and build out a new production processing facility with greater efficiency and capacity.

  • PR Newswire14 days ago

    Asia Metals Inc. Announces Delivery of New Drilling Rigs and Equipment to Guerrero Mine Site

    LAS VEGAS, Sept. 5, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has received delivery of two fully equipped track carrier mounted drilling rigs on site.  The rigs were purchased and shipped from China in July 2018 and will be utilized for the targeted drill program in close proximity to the Company's mine in Guerrero, Mexico.  The drilling units and accessories were subject to several unexpected delays in the customs clearing at the Port of Acapulco and the bonded and secured deliver service to the Company's mine site location. Over the next several weeks the drilling machinery and equipment will go through an evaluation and testing period conducted by an experienced mining engineer and drill operator.  It is essential for the timely completion of the planned drill program and for asset protection purposes to ensure that the equipment functions within normal parameters on a schedule of short duration test holes over a variety of terrain.  Subsequent to the various test hole trials and operating evaluations, the equipment will be deployed and engaged on the first target drill site for full operation.

  • PR Newswire2 months ago

    Asia Metals Inc. Provides Corporate Update

    The financial statements and disclosures for June 30, 2018, will be posted next week.  The Company had expected to publish the statements in July, however, the diversion of focus to the joint venture and property work program activities did not allow the projected timeline to be achieved. The site visit and meetings with representatives from the Chinese holding company that recently signed a Letter of Intent (LOI) for a joint venture with the Company concluded at the end of July. The drill rigs and equipment that were shipped from China arrived in Mexico this week.  Once the shipment has gone through the customs clearing process, it will be delivered the property site.  The Company expects the equipment to be on-site and operating before the end of August.

  • PR Newswire2 months ago

    Asia Metals Inc. To Receive Drilling Equipment From China

    LAS VEGAS, July 24, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has confirmed the shipment of two fully equipped track carrier mounted drill rigs from China that will be utilized for the targeted drill program in close proximity to the Company's mine in Guerrero, Mexico.  The drilling units and accessories are expected to be received by the Company FOB destination at the Port of Acapulco on July 30, 2018. The lack of availability of drill rig equipment within a reasonable timeframe led the Company to source alternative suppliers.  Through management's extensive network of contacts in Asia, surplus drill equipment was located in China and secured on a lease and purchase option basis.  Additionally, the terms of the lease are expected to reduce drilling costs and allow for additional meters to be drilled within the Company's $745,000 budget.  Prior to preparations for shipment, the drilling machinery and equipment was evaluated and tested by an experienced mining engineer and drill operator.

  • PR Newswire2 months ago

    Asia Metals Inc. Hosts Joint Venture Due Diligence Delegation

    LAS VEGAS, July 18, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has received a delegation of representatives from the Chinese holding company that recently signed a Letter of Intent (LOI) pursuant to finalizing the terms of a joint venture agreement for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico. The delegation of 5 corporate representatives specializing in geology, engineering, operations management, logistics and finance will be in Mexico and on site over the next 10 days to begin conducting verifications, evaluations and other due diligence activities under the terms of the joint venture LOI. Coordinating and facilitating of the delegation's activities during their stay will be the Company's Business Development & Relationships Manager, Zhang Wei, the Senior Advisor Asian Markets & Business Development, Jirong Luo, along with the Site and Facilities Manager.

  • PR Newswire2 months ago

    Asia Metals Inc. Signs Letter of Intent With Prospective Joint Venture Partner

    During the recent negotiations with multiple Asian investment groups, the LOI company aligned best with Asia Broadband by possessing synergistic corporate goals.  Under further terms of the prospective partnership agreement, expanded metals production would be guaranteed future sales for Asia Broadband and a long-term secured supply to the joint venture partner.  More specifically associated to gold, the joint venture company has been seeking avenues to satisfy a consumer and industrial gold fabrication demand, as well as an institutional or investment gold demand.  In general, the benefits of physical gold holdings and future guaranteed supplies of gold are an investment hedge that mitigates the risk of instabilities caused by fluctuations in world economic conditions. About Asia Broadband Inc. (AABB) -  Is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets.

  • PR Newswire3 months ago

    Asia Metals Inc. Begins Targeted Exploration Program

    LAS VEGAS, June 28, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has initiated an exploration and development program that will target a specific area in close proximity to the Company's mine in Guerrero, Mexico, to further delineate the existing historical gold vein structure. Asia Broadband Inc. (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.

  • PR Newswire3 months ago

    Asia Metals Inc. Confirms Record Sales Quarter

    LAS VEGAS, June 20, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has confirmed and booked the Company's second quarter sales, marking the highest quarter sales results achieved to date.  Precious and base metal production and sales for the second quarter have reached their highest levels in the history of the Company. "With our second quarter sales now confirmed, the first half of the year's results have surpassed our expectations.  The second quarter sales will be our best quarter to date and should pave the way for us to have an even stronger second half of the year.  Equipment additions, along with some facility improvements, have enhanced our production processing efficiency in the second quarter.  Also, the consistent efforts of our business development team have had a strong impact on our bottom-line this quarter and continue to build the future of the Company," stated James Gilbert, the Company President and CEO.

  • PR Newswire3 months ago

    Asia Metals Inc. Adds Business Development & Relationships Manager

    LAS VEGAS, June 12, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., recently added Mr. Zhang Wei to the newly created position of Business Development & Relationships Manager.  Mr. Wei will be working together with Jirong Luo, who is currently the Company's Senior Advisor Asian Markets & Business Development.  Mr. Wei and Mr. Luo have several years experience working together in previously held corporate positions in China and are currently combining their efforts in the on-going joint venture partner negotiations that the Company recently announced. Mr. Wei has gained diverse industry and corporate knowledge in over 16 years of business development experience through positions he previously held in both the private and public sectors within China and Taiwan.  He brings a strong track record of expanding commercial contact networks with an emphasis on in-person business engagements to build stronger rapport with current and prospective clients.  Mr. Wei is a communications specialist that employs a mutual alignment of corporate goals strategy in negotiations and sales and supply contracts.

  • PR Newswire3 months ago

    Asia Broadband Inc. Pursues Joint Venture Partner for Large Scale Expansion of Mining Operations

    LAS VEGAS, June 7, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., is actively engaged in negotiations with multiple Asian-based companies with respect to the terms of a joint venture agreement for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico.  One of the primary terms of the joint venture relationship being discussed includes a minimum capital commitment of $30 million over the next 3 years, in phased expenditures, allocated to significantly expand the identified resources within the Asia Broadband properties and build out a new production processing facility that has much greater efficiency and capacity. Several of the Asian investment groups involved in the negotiations align well with Asia Broadband by having synergistic corporate goals.  Under further terms of the partnership agreement, expanded metals production would be guaranteed future sales for Asia Broadband and a long-term secured supply to the joint venture partner.  More specifically associated to gold, the investment groups are seeking to satisfy a consumer and industrial gold fabrication demand, as well as an institutional or investment gold demand.  In general, physical gold holdings and future guaranteed supplies of gold are an investment hedge that mitigates the risk of instabilities caused by fluctuations in world economic conditions.

  • PR Newswire5 months ago

    Asia Broadband Inc. Operations Summary

    LAS VEGAS, April 18, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB) has continued to develop its ancestral mine and mineral concessions acreage over the past two years in the state of Guerrero, Mexico.  During this time, the Company employed significant capital and labor to consistently expand its small-scale precious and base metal production facilities.  Asia Broadband has increased its revenues generated from metals production from its inception in 2016 to the year-end of 2017. This growth trend has continued for the Company's operations in 2018, as will soon be published in the first quarter financial statements for the period ending March 31.  In addition to production revenues, Asia Broadband has utilized its extensive network of client contacts and distribution channels in Asia to complete several brokered mineral sales transactions this year.  The Company plans to announce further details of its significant operating achievements throughout 2018 in subsequent press releases.

  • PR Newswire6 months ago

    Asia Broadband Inc. Issues Company Update

    LAS VEGAS, April 2, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB) has undergone significant changes over the past three years.  The Company transitioned its business operations focus in 2015 from educational services to the mining sector.  Prior to becoming the President of Asia Broadband Inc., James Gilbert spent many years procuring and developing business relationships in Mexico, most of which are connected to the mining industry.  Through these channels, several excellent and unique opportunities presented themselves to the Company to enter into the mining business. Subsequently, Asia Broadband secured the rights to mineral concessions in the state of Guerrero, Mexico, in 2015.