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Friday, December 2, 2022

Asia Broadband (OTCMKTS: AABB) Powerful Reversal Northbound as Crypto Operator Acquires Gold Rich Zodiac Gold Mine & Sets Launch of AABB Exchange Mobile Apps on App Stores Before March 22

Asia Broadband (OTCMKTS: AABB) has been on a steady rise in recent days since bottoming out in the low $0.08s range but failing to test the previous lows and now moving up with strength is a bullish signal of things to come. The stock has shown strong support at a dime on a number of occasions over the past year and on the upside, it recently traded as high as $0.33 in December and 0.659 per share last February.  Microcapdaily first reported on AABB on July 9, 2020 long before the stock made any of its spectacular runs and along the way we have always pointed out that what sets Asia Broadband above the rest is the sale of mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC). The principal consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company.  As of the last AABB filing for the quarter ended September 30, 2021 the Company had $70,945,697 in Cash & Equivalent. 

Asia Broadband has been busy in recent weeks; they signed a definitive purchase agreement to acquire a 100% interest in the Zodiac Gold Mine Project in Buen Pais, Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 200-hectare concession, # 218704, Zodiaco I, located in the community of Buen Pais approximately 15 kms southeast from the municipality of Tonila and 30 kms from the city of Colima in Tuxpan, Jalisco, Mexico. The assays in the geological report revealed high-grade gold and silver values from the non-targeted rock samples that were randomly collected throughout the property. Some of the most significant high-grade gold values were 101.6 grams per ton (g/t) and 26.2 (g/t). The Company also reported it signed an LOI to acquire additional high-grade gold properties Zodiac II and Zodiac III in Buen Pais, Mexico. Also, the Company is anticipating the launch of its AABB Exchange mobile applications on the Apple and Android stores before March 22, 2022. The Company’s digital assets developer is currently finalizing the mobile versions of the proprietary cryptocurrency Exchange to submit for approval. The Exchange will soon be available to users on their mobile phones to place buy and sell orders to execute cryptocurrency trades for an expanding number of trading pairs available on the Exchange platform.  

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Asia Broadband (OTCMKTS: AABB) 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 Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand-based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies. 

An important moment for the Company and one that sets it apart from most on the exchange came on January 14 when they announced they had completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC). The principle consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company. Additionally, all of the operational controls and authorities of the property and facilities have been transferred to the new ownership’s designated management personnel. As of the last filing for the quarter ended September 30, 2021 the Company had $70,945,697 in Cash & Equivalent.

The Company is led by CEO, Chris Torres; a finance and business administration professional who brings with him more than a decade of corporate, operations, manufacturing management experience, most recently from several long-term leadership positions with Flex Mexico. His ability to coordinate and integrate individuals’ strengths to maximize productivity has been demonstrated consistently throughout his career and will be a key asset to Asia Broadband’s operations. Along with his Bachelor of Arts Degree in Economics and a Master’s Degree in Finance from TEC de Monterrey, Mr. Torres possesses a flare for technology and has extensive cryptocurrency investment knowledge. 

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In March Asia Broadband signed a definitive purchase agreement to acquire a 100% interest in the Zodiac Gold Mine Project in Buen Pais (“Good Country”), Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 200-hectare concession, # 218704, Zodiaco I, located in the community of Buen Pais approximately 15 kms southeast from the municipality of Tonila and 30 kms from the city of Colima in Tuxpan, Jalisco, Mexico. The total purchase price of the property was $700,000 and the Company has the option to acquire two additional Zodiac concessions. Along with the property acquisition is a 150 ton per day (tpd) capacity processing plant available for lease and expansion. The Zodiac gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings. 

The assays in the geological report revealed high-grade gold and silver values from the non-targeted rock samples that were randomly collected throughout the property. Some of the most significant high-grade gold values were 101.6 grams per ton (g/t) and 26.2 (g/t). The Company is highly encouraged by the viability of these preliminary results that strongly indicate that targeted drilling samples directed by geophysics data could confirm similar high-grade mineralization values and concentrations throughout the property. 

Later last month, the Company reported it signed an LOI to acquire additional high-grade gold properties Zodiac II and Zodiac III in Buen Pais, Mexico. AABB management is in the process of negotiating the terms of the prospective new adjacent acquisitions to add to the recently acquired Zodiac I property and management expects to reach an agreement after a due diligence and assessment period.AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success. 

On March 15 Asia Braodband reported it is anticipating the launch of its AABB Exchange mobile applications on the Apple and Android stores before March 22, 2022. The Company’s digital assets developer is currently finalizing the mobile versions of the proprietary cryptocurrency Exchange to submit for approval. The Exchange will soon be available to users on their mobile phones to place buy and sell orders to execute cryptocurrency trades for an expanding number of trading pairs available on the Exchange platform. 

Currently, users can access the Desktop version of the AABB Exchange by going to: https://aabbexchange.com/trade/ then on the right side of the monitor, click on “Log In or Register Now to trade”. Once you have clicked on it, you will see the Log In page for the web version of AABB Wallet. Access AABB Wallet on your mobile device, go to the “More” tab, click on “Web QR Access” and scan the QR Code on your monitor. Then, create a temporary password for your access. Once this all has been completed, you will then be connected to the AABB Exchange with your account. Once you have accessed your wallet, click on Trade in the Menu. There, you will see the Chart with the ability to place a Buy or Sell order. 

In collaboration with the Company’s digital assets developer, the phased roll out continues of additional Exchange components and cryptocurrency Exchange trading pairs on the BCGateway platform. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. Many new features and capabilities have been added and are evolving to expand functionality, usability, module additions, a Spanish language version and further market penetration. 

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Asia Broadband has been on a steady rise in recent days since bottoming out in the low $0.08s range but failing to test the previous lows and now moving up with strength is a bullish signal of things to come. The stock has shown strong support at a dime on a number of occasions over the past year and on the upside, it recently traded as high as $0.33 in December and 0.659 per share last February.  Microcapdaily first reported on AABB on July 9, 2020 long before the stock made any of its spectacular runs and along the way we have always pointed out that what sets Asia Broadband above the rest is the sale of mining operations facilities in the Guerrero Gold Belt (GGB), Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. (QIEC). The principal consideration terms of the sale agreement have been delivered and included a $52 million cash payment, a $30 million transfer of gold bullion and an assignment of a 28% equity interest back to the Company.  As of the last AABB filing for the quarter ended September 30, 2021 the Company had $70,945,697 in Cash & Equivalent. Asia Broadband has been busy in recent weeks; they signed a definitive purchase agreement to acquire a 100% interest in the Zodiac Gold Mine Project in Buen Pais, Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 200-hectare concession, # 218704, Zodiaco I, located in the community of Buen Pais approximately 15 kms southeast from the municipality of Tonila and 30 kms from the city of Colima in Tuxpan, Jalisco, Mexico. The assays in the geological report revealed high-grade gold and silver values from the non-targeted rock samples that were randomly collected throughout the property. Some of the most significant high-grade gold values were 101.6 grams per ton (g/t) and 26.2 (g/t). The Company also reported it signed an LOI to acquire additional high-grade gold properties Zodiac II and Zodiac III in Buen Pais, Mexico. Also, the Company is anticipating the launch of its AABB Exchange mobile applications on the Apple and Android stores before March 22, 2022. The Company’s digital assets developer is currently finalizing the mobile versions of the proprietary cryptocurrency Exchange to submit for approval. The Exchange will soon be available to users on their mobile phones to place buy and sell orders to execute cryptocurrency trades for an expanding number of trading pairs available on the Exchange platform. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AABB.

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Disclosure: we hold no position in AABB either long or short and we have not been compensated for this article.

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