Asia Broadband Inc (PK) (AABB) Quote

Old fake BS news, even.... poor Condor

Old news is better than nothing?

Mineral Properties Update
May 10, 2023 08:00 ET
| Source: Asia Broadband Inc.
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LAS VEGAS, May 10, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today an update on its mineral property holdings. The Company has been resolutely advancing the development of all its mining properties and interests extending from last year into 2023. The mining operations group has continued to focus it resources on the specific property areas with the highest potential for rapid expansion, high-grade production and low-cost operations that will maximize gross profit contributions. The Company’s overall strategic capital expansion initiative is to increase gold production and physical gold holdings to accelerate the growth of the digital assets division.

In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value. The stockpile processing project is the largest high-yield asset in AABB’s mining division.

Currently in Etzatlan, the initial deliveries of new mining processing and facilities equipment have begun and preliminary configuration and preparation activities are ongoing. Equipment deliveries are expected to continue in the comings months, as the technical consultants advance toward a 3rd quarter completion timeline to bring the new processing facility into full operations. The new plant will utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs.

Additionally at Etzatlan, a sampling and testing program is underway at the ore stockpile to identify and prioritize the highest grade zones to formulate an optimized production plan. Sample analysis and data collection continues to facilitate the production planning process and the Company expects to have an on-site lab operational in the third quarter to increase efficiency.

At the Tequila Gold Mine Project in Tequila, Mexico, production continues from last year into 2023 and the first quarter revenues will be published this week. The Tequila production facilities upgrade/retrofit equipment has been designated for the Etzatlan plant site to optimize utilization and economies of scale to accelerate Tequila revenues. The equipment automation and efficiency employed in larger scale facilities will have increased throughput and metals extraction. Higher production volume at a lower cost per ton is expected to have a substantial impact on gross profit margins going forward.

At the Bonanza Gold Mine Project located in the prolific mining region of Acaponeta, Nayarit, Mexico, the Company continues to progress with the development and drilling program recommended in the 2022 certified geological technical report prepared by a qualified professional person (QP) from Micon International Limited. Accordingly, drilling results are expected to be available in the third quarter. The QP mineral resource estimates of gold and silver values contained in the initial technical report exceeded $10 million at that time. AABB’s geological and mining operations team has been utilizing the report to maximize its exploration, development and resource expansion program, as well as facilitate production, efficiencies and processing equipment installations.

At the Zodiac Gold Mine Project concession located in Buen Pais (“Good Country”), Mexico, the Company is in the process of finalizing negotiations to purchase additional Zodiac property concessions. Assessments and due diligence of the new Zodiac properties from ground work samples have revealed high-grade gold and silver values similar to the Company’s Zodiac concession. The AABB mining group is highly encouraged by the strong viability of these initial development program results. Furthermore, a targeted drilling program directed by geophysics data could confirm similar high-grade mineralization values and concentrations throughout all the Zodiac properties.

At the La Paz Gold Mine Project concession located in Etzatlan, Jalisco, Mexico, mining operations are conducting an ongoing drilling program based on ground assessments and evaluations. Preliminary indications from initial core samples are revealing compelling mineralization as the development program progresses. Further details will be announced as they become available. The La Paz gold project is another high potential mining asset in the Company’s strategic expansion initiative to acquire additional gold production.

“Our mining group and portfolio of mineral properties and interests in Mexico are the core of the Company’s business. We have utilized our industry networks and expertise to acquire, develop and expand our holdings of high quality mineral assets that we anticipate will add strongly to our financial growth for many years to come. The ore stockpile agreement and new processing facility at Etzatlan has the highest profitability potential of all our projects and the entire mining team is jubilant to begin operations in the second half of this year,” expressed Chris Torres, AABB President and CEO.

AABB continues to implement its mining property acquisition strategy to optimize capital growth 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 gold production success.

About Asia Broadband

Asia Broadband Inc. (OTC: 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 with its AABBG mine-to-token gold-backed cryptocurrency within its AABB Wallet, the unique Golden Baboons Mining Club non-fungible token collection, a proprietary digital exchange AABBExchange and a cryptocurrency payment gateway solution PayAABB.com. 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.

As of now I have enough information and enough data from a group to make a presentation to a “government group”. I will create a drive to deliver to this group for a presentation. There is PLENTY of data to show without a doubt the degree of $AABB manipulation. I have some…— Memestocker (@memestocked) June 21, 2024

Laying low. Probably some legal actions made him scurry for the exit....IMO.

What happened our AABB//Benny Mango?
Perhaps to many Mango Margaritas ..
And fell off the Big Yacht???

Collectively..Everyone..Humanity..Wins

Go $AABB

When promoting a non-existent mine like that Guerrero Mine starts wearing thin....a good way to solidify with the longs is to actually lease some worthless concessions. Even drill a few holes and commission a report or two.

Cheap investment considering the payoff ($150 million more or less).

You've started drinking a little earlier than usual, Dodger.

Doesn't matter where the land being promoted was.....

...it's about the lying. And the crooks running AABB are prolific liars.

AABB is not a Mexican company. And they are publicly traded in the U.S.

You're trying to say the SEC has no jurisdiction with AABB? I think you're losing focus here, Condor.

Gimme a break!!

Some of you need to realize that having some concessions registered doesn't make anyone a legitimate mining company. Those chunks of land not worth mining make good props to keep selling shares.

Wow...AABB.land.is.awesome...looks.as.if.some.are.realizing.the.game.and.have.been.led...to.some
promised.land...but when you see people floating in the the South Pacific on their yachts...all the while...you are here.

Go $AABB

And further, the land which is the subject of this complaint was owned by the BLM, the US government. How could the SEC and the the US government generate a lawsuit against a Mexican company having rights in Mexico, WITH concessions documented, and sells shares in the US?

Whatever it takes to prop yourself up as a knowledgeable person? Gimme a break !!!

So, after 40,000 posts of your life long efforts, you find one case that was published only yesterday, for events that occurred 3 years ago to present. ONE AND ONLY ONE. What about all of the other scams you have posted for years? Where are those lawsuits? What were the results of those lawsuits that you never posted?

Aren't you the scam artist?

This is what happens to mining scams like AABB....eventually:

https://www.sec.gov/litigation/litreleases/lr-26032

Sometimes promoters and enablers (like you) get dragged into these cases.

Do you not realize the market is closed today? Your comment is dumber than usual.

Another one that hasn't done any dd outside of company sponsored sites. He still thinks the processing plant is 100% AABBs and thinks that concessions listed on the mining registry matter....smh

Decentralized

https://wp.unitfoundation.org

Check out mBridge
Interesting
The “unit” 60% sovereign currencies and 40% gold.
Level playing field indeed;)

Share structure high

Getting interesting

Keeps droppIng

Hopium mixed with peyote is a bad bad mix.....

AABB is the best! No Fake stuff here...you will SEE!

$AABB

They've given up on pretty much everything else but the naked short theory. Hopefully the end is sooner than later and hopefully it's entertaining.

Yes, that's pretty amazing.

I have personally collected rock samples at an exploration drift 7300 feet below the surface. It was a little warm.

Mponegn 3891 meters.

C'mon guys, use the power of Google......

Try this search "deepest gold mines".

The DD seems to be limited to company PRs.

I'm no mining expert, but from what I have learned over the past few years, mining companies can drill at least 2 or even 3 thousand feet. So, apparently they can somehow mine that far down. Possible, yes I would say. And, it would have to be cost effective to pursue it.

$AABB

The Phase I Program completed 1,088 meters of drilling on the concession property

Where does it say 1,088 meters drilling down? That is the total footage, multiple holes. Of course they don't say how many holes, angles, or locations. And no geologist certified the PR.

Can gold be mined at 3250 feet down? Of course it can. Many mines go that deep.

Chance Vision, it occurs to me that the PR references drilling down 1088 meters in phase one.

That is 3250 feet down. Why would AABB drill so deep into the earth? Is it even possible to excavate that deeply for possible gold? Is it cost effective, even if possible?

You are.

swingingRichard ... Who's the Real Idiot Rascal Gofer? That's Right, I Read the PR's and then do my DD! Oh Yes, I found the Mexican Mines that AABB Acquired on the Official Mexican Mining Site! I've Seen Pictures of the New Processing Facility that's almost Completed! I have Dividends in my Account! I Agree, Your Reality is Based on Fantasy! Tell Your Boss to Cover those Naked Short Shares Sold to Retail! :) 😇

Idiot. That’s an oxymoron “ my DD is based on PRs” WTF?

“My reality is based on fantasy”

Interesting news mining???????

Sell me 0.0001

Wonder???????

Facts? Which facts are responsible for this garbage trading below a penny and a half?

You call me uninformed but you don't say why you think that.

Did you read the reports on the stockpile on the hill in Etzatlan? At least look at the pictures? That pile is not tailings. They are waste dumps, they have not been crushed or milled or processed....which is what would make them tailings.

And did you know that the pile has slowly been hauled away over the last 2 years? That "billion" dollar pile is a fraction of what it was. I posted the aerial photos....what did you think?

Another BS replay from an uninformed source. Learn the facts,.Oh sorry you don't get paid for that.

What tailings? That ever-shrinking rockpile at Etzatlan is not tailings.

And Serra Pelada was not tailings either. It was uncontrolled artisanal mining at a huge hand-dug pit where hundreds of "miners" died and an environmental disaster ensued.

Stockpile almost identical to Serra Pelada with values in tailing possibly in the billions.

Oh boy, you’re right. Nothing like this blatant fraud of a gold miner. More like a wallet miner…

JonDoe1 ... There's Nothing Out There Like AABB, PERIOD! Talking Smack Won't Change That! When the Processing Plant is Completed, IT ALL BEGINS, Maybe even Before! AABBG Gold Backed Tokens for Crypto Stability - "The Future Is Secure"! :) 😇

"Can a Legitimate Gold Backed Ecosystem Vision even Begin to Emerge" Yep there's actually one out there and their coin can actually be redeemed for gold. AABB on the other hand has no gold and will eventually be shut down for securities fraud and crypto fraud.

The MMs/Hedge Funds Scams of Blatant Naked Shorting has been Exposed Over and Over again! Can a Legitimate Gold Backed Ecosystem Vision even Begin to Emerge from this Type of Illegal Wreckage? IMHO with the Multiple Gold Mines & Ore Stockpile in AABBs Control and a Processing Facility with On-Site Evaluation Lab Nearing Completion, I Still think so! For those Honest Investors (DADS) Waiting to See if AABB can Survive ... HAPPY FATHERS DAY! To those Boiler Room Bashers & Immoral Naysayers ... Your Day of Judgement will Come! :)😇

Good this scam's exposed and explained regularly here, so everyone on this board is aware of the fraud.

The Mines are Real!

Not a true statement, more lies. First, some of the mines (notably the "Guerrerro Mine") were not real at all. Complete fabrication. The "Colima" mine seemed to be nonexistent as well. The location given for that one appeared to be a donkey pasture.

As for the concessions that AABB has promoted that are verifiably real.....not many of them are actually a producing (or potentially producing) mine. Take the Bonanza Mine for instance - a washed up, tiny, low-grade silver prospect at best, and no hope of anything but artisanal production. The billion dollar pile of rocks at Etzatlan? Not a mine at all. A pile of rocks on a hillside 17 miles from the supposed processing plant......and an ever-shrinking pile at that. Is there anything left?

Tequila? So little verifiable info has been provided that it is unclear if AABB really has any involvement, or is really profiting from what little production there might be. The videos of the processing facility show an artisanal-scale operation, and there is no telling when they were taken, or where they were taken. I almost wonder if the videos were from the same place that CRGP promoted with videos, looks similar.

And let's see what happens with the Exchange? My understanding is that it is defunct, dead, gone. AABBG crypto owners are stuck with them, completely worthless. How many did you get suckered into buying??

"My posts are based on Managements PRs to Shareholders" It's great that you like to repeat company lies. The share buyback and note closure PR is number 1.

gitreal ... GET REAL! My posts are based on Managements PRs to Shareholders and Actual DD! The Processing Facility is Real! The NFTs are Real! The Mines are Real! The Vision is Real! Nothing happens by Accident, Developments & Progress take time! Let's see what happens with the Exchange and Mining News! Gold is Set to move UP to the Next Level IMHO! I'll Grant you this Bit of Grace for your Naysaying, the Processing Facility Completion is Key to Success! :) 😇