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Could Stanhill and Salim be working together?.....GL S Matt Chambers - Resources Reporter Melbourne "HONG Kong fund Stanhill Capital has rejected suggestions it could be acting with Indonesia’s billionaire Salim family in a $61 million bid for Indonesian and Krygyz-focused Robust Resources. Last week, the Robust board put an announcement to the stock exchange saying shareholders should be aware of its substantial securityholders — the Salim-controlled Droxford International, a smaller holder, Parallax Venture partners, and the Eminent Return Fund, which this month sold a 19.9 per cent stake into Stanhill’s bid. Robust had asked the three shareholders to confirm their voting power under the Corporations Act, the gist of the query being whether they were associated with each other. Also in the notice was a statement musing on whether some or all of the shareholders could be in cahoots with Stanhill, formerly known as Crosby Capital and no stranger to ASX mining bids, having previously bid for Medusa Mining and Indophil Resources. “It is currently unknown whether these parties are associated with Stanhill, or alternatively, each other,” Robust chairman David King said in the July 24 announcement. Droxford, Parallax and Eminent have not got back to Robust to confirm that their voting stakes are in fact in line with their ownership and separate from each other. But a Stanhill spokesman said the fund was acting independently. He declined to comment further, leaving any other statements to a soon to be released bidders statement. Salim Group head Anthoni Salim is also chairman of Hong Kong fund First Pacific, which has made a joint $1.3 billion bid for Goodman Fielder with Singaporean palm giant Wilmar. The Robust board is holding back on a recommendation on the 31.5c-per-share cash Stanhill bid until after Stanhill releases its bidder’s statement. But it says it is opportunistic ahead of a new report incorporating positive drill results from its Romang projects in Indonesia. Yesterday, Robust shares were unchanged at 29c. Robust this month backed its three Kyrgyz copper-gold projects into Memtum, a company listed on London’s AIM exchange in which it now holds an 87.3 per cent stake. The value of its Memtum stake makes up about 60 per cent of Robust’s ASX market value. The main assets owned by Robust are now exploration targets on Romang Island about 100km northeast of East Timor."

First news flow and very positive reading.......GL S Mr Gary Lewis, Executive Director of Tengri Resources commented: "We are very encouraged by these first assay results from Bashkol as they are a significant early milestone for the Company. The grades intersected confirm that this is an exciting greenfields exploration prospect, with the potential to host significant gold mineralisation. "As we have previously reported, it was the Board's intention to provide Tengri with the necessary funding to commence an aggressive exploration program, and the deployment of these funds is clearly delivering some pleasing early exploration success. "Bashkol is located in one of the most prospective belts of rocks in the world. While it is still early days in our work programme at the project, our team is pleased with these results. We look forward to updating shareholders as further assay and other exploration results become available."

Continued...... The Bashkol Licence is the subject of an agreement with KGL whereby the Group can earn 51% in Kentor, and hence the Bashkol project, by spending Australian $2 million prior to 31 December 2017. In addition, the licence conditions require that 8,000m be drilled prior to the end of 2017. The Group can earn-in a further 19% by expending Australian $5 million prior to 31 December 2021.Exploration activity planned at Bashkol will commence with the completion of the road to access the southern zone of the Bekbulaktor prospect. Seven exploration holes and selected channel sampling are planned for the Bekbulaktor prospect during in the summer of 2014. SAGMR has approved the work program for 2014 and mobilisation commenced in May 2014. The objective is to explore the Bashkol property in order to identify and outline a gold deposit. The earn-in and drilling requirement allows the Group sufficient time to achieve this objective at a low cost with no further exposure. The election to earn-in the further 19% can thus be taken based on a good understanding of potential of any deposit identified. In addition to the highly prospective nature of the tenement, a discovery at Bashkol provides the Group with options regarding its development - either as a standalone operation, or as an opportunity for joint venturing or selling.

On the subject of key dates, Bashkol could be the first to start news flow, considering enabling works started in May 2014 and the summer plan is fully approved, that aside there is a number of other projects due news flow mid to late Summer......DYOR......GL S Example.... The Bashkol Licence Kentor holds the Bashkol Licence, the principal terms of which are as follows: Asset Holder Interest (%) Status Licence Expiry Date Licence Area Bashkol Licence Kentor 100 Exploration licence - gold 31 December 2017 18,000 hectares The Bashkol Licence was initially granted by SAGMR on 28 January 2008. The current licensing terms are set out in the Licence Attachment No. 5 dated 29 April 2013. Under the Bashkol Licence, Kentor must, amongst other things, comply with official requirements as to conduct of exploration operations; prepare and submit to SAGMR an annual work programme; submit required semi-annual and annual reports; and establish a reclamations account and make the required contributions to it. The Bashkol Licence sets out certain minimum exploration work programme items and financial commitments, subject to adjustment to take account of geological results. The Bashkol Licence area is located in the east of the Kyrgyz Republic, lying approximately 340km east of Bishkek. The tenement lies on strike to Toronto Stock Exchange listed Centerra Gold's large Kumtor gold mine, which lies approximately 50km to the west of Bashkol. The licence area is almost devoid of population being frequented by nomadic herdsmen in the summer months. No villages are located in the surrounding area. The licence is located at an elevation ranging from 3,180-4,080m, with the elevation of the main prospect at Bekbulaktor up to 3,780m. A major opportunity has been identified within the Bashkol Licence area at the Bekbulaktor prospect where surface channel sampling returned up to 14.07g/t Au over 12m. Other significant results include 4.9g/t Au over 13m, 2.65g/t Au over 37m, 2.54g/t Au over 20m and 2.83g/t Au over 11.5m. An initial scouting drill hole intersected minor mineralisation, however, the area requires further mapping, geophysics and drilling. Kentor Farm-in Agreement and work programme The Bashkol Licence is the subject of an agreement with KGL whereby the Group can earn 51% in Kentor, and hence the Bashkol project, by spending Australian $2 million prior to 31 December 2017. In addition, the licence conditions require that 8,000m be drilled prior to the end of 2017. The Group can earn-in a further 19% by expending Australian $5 million prior to 31 December 2021.Exploration activity planned at Bashkol will commence with the completion of the road to access the southern zone of the Bekbulaktor prospect. Seven exploration holes and selected channel sampling are planned for the Bekbulaktor prospect during in the summer of 2014. SAGMR has approved the work program for 2014 and mobilisation commenced i

Partly OT - Interesting to note that Centerra Gold have had some success with the Kyrgyz Republic agencies in recent weeks and have received the full approval of their 2014 mining plan, also separately Stans Energy have had some good news recently that the Arbitration Court at the Moscow Chamber of Commerce and Industry has made a “final binding ruling” on its dispute with the Kyrgyz Republic’s government,.....IMHO that would appear to be heading towards a negotiated settlement Perhaps Mentum's/Tengri's timing was not so far out after all?........GL S Links.... http://www.miningweekly.com/article/kumtor-mine-closure-avoided-as-kyrgyz-govt-approves-mine-plan-2014-06-13 http://rareearthinvestingnews.com/21409-stans-energy-kyrgyz-republic-arbitration.html

Will the Stanhill focus move towards Mercer in the near future, as a potential vehicle for resource assets? They are upping the anti in the Robust TO, offer increased to A$0.315c and they also take their holding to 19.9%, difficult to see their bid not succeeding.....GL S Link..... http://www.asx.com.au/asxpdf/20140718/pdf/42qwxm715gzxvy.pdf Further comment on the increased bid.... Hong Kong's Stanhill hikes bid for Robust Resources MAGGIE LU YUEYANG DATAROOM MERGERS & ACQUISITIONS INDUSTRIES RESOURCES AND ENERGY Stanhill Capital Partners, an investment firm based in Hong Kong, has increased its bid for Sydney-based Robust Resources by 12 per cent in a push to own the junior gold miner, which the offer now values at $61.5 million. Stanhill has increased its bid price from 28 cents per share, made on July 1, to 31.5 cents per share and has accumulated a total 19.9 per cent stake in the miner, the company said in a statement. Robust Resources, with gold, silver and copper assets in Indonesia, Kyrgyz Republic and the Philippines, is in the process of a reverse takeover of Mentum Inc, a listed company in London’s Alternative Investment Market (AIM). The deal has just been approved by Mentum shareholders earlier this week. Under the agreement with Mentum, Robust will sell its gold and copper assets in Kyrgyz Republic to Mentum and then hold an 87.3 stake in Mentum, which will subsequently change its name to Tengri Resources and focus on Central Asia. It is believed miners with a Central Asia exposure will have better valuations on the AIM. Robust counts one of Asia's richest man Anthony Salim as its biggest shareholder, who owns about 20 per cent in the company through his investment vehicle. (Reporting by Maggie.lu@businessspectator.com.au)

Stanhill upping the anti in Robust TO, offer increased to A$0.315c and they also take their holding to 19.9%, difficult to see their bid not succeeding.....GL S Link..... http://www.asx.com.au/asxpdf/20140718/pdf/42qwxm715gzxvy.pdf

Small snippet in the Times today, courtesy of Hedgehog100 on ADVFN......GL S From "The Times" today: "After the suspension was lifted on trading Ducat Ventures shares, they were marked 28.6 per cent lower to 0.05p. The cash shell is buying OptiBiotix, a food sciences business, for £2 million in shares. Ducat raised £3.3 million to develop a sugar that cannot be digested, which it believes can tackle obesity."

Indeed, IMHO it looks as if the market is trying very hard to keep a lid on things, I wonder if they were expecting some of the recent placing to find its way through to the market makers?........GL S

Anyone heading to the AGM today?.........GL S

Buy alerts being triggered through Thursday and Friday, IMHO we may see more interest next week as recent news flow is picked up by others....GL S @StephenPKendal: £LND Landore Resources Ltd.. #HighVolume buying Fri 11-Jul. Volume 3,940,851. 52WkH 4.00p. 52WkL 1.30p. Current price 3.75p. +16.5%.

The certainly is some solid detail around these guys, news flow should also be picking mid August and continue through in to the winter, could be an interesting few months ahead......GL D

Worth a listen IMHO........GL S http://www.miningmaven.com/mining-blog/landore-resources-update-interview-with-ceo-richard-prickett-20140711399/

Another delayed buy from yesterday for 500,000 at 3.3p.......GL S

And another for 500,000.........GL S

Another one ticks through from this morning for 1.2M........GL S

Indeed and so far no discussion on any of the BB's, so we appear to be of the radar at the moment....GL S

480,000 ticks through at 3.3p, someone is keen.........GL S

May add some interest tomorrow?..........GL S RNS Number : 9042L 09 July 2014 Mentum Inc ("Mentum" or the "Company") Transaction Update Mentum notes the announcement released on 1 July 2014 on ASX (www.asx.com.au) under Robust Resources Limited ("Robust") (ASX: ROL) that Stanhill Capital Partners Holdings Limited and affiliates ("Stanhill") intend to make an offer for 100% of the shares in Robust (the "Offer"). Mentum also notes Robust's announcement of 2 July 2014 that Robust will make an announcement to ASX concerning its recommendations in relation to the Stanhill proposal in the near future. As announced on 18 June 2014, Mentum has entered into an agreement with Robust to acquire Robust's Kyrgyz mining assets, as more fully described in Mentum's admission document of that date (the "Acquisition"). The Acquisition is subject, inter alia, to shareholder approval which is due to be considered at the Annual General Meeting called for 14 July 2014. Mentum has received written confirmation from Stanhill that: -- Stanhill supports the Acquisition; -- should the Offer be successful Robust will abide by its contractual obligations to Mentum (including under the relationship agreement that it has entered into); and -- Stanhill supports Mentum's future plans, management team and arrangements as set out in the admission document. Further, David King and Gary Lewis, the proposed Chairman and proposed Executive Director of the Company respectively, have confirmed that their roles on the Board of Mentum following the Acquisition will be unaffected by the outcome of the Offer. Further Enquiries: Mentum Inc. Peter Moss +44 20 3301 9331

Some activity of note in the Mercer and Stanhill camp, finals and new Nomad for Mercer and Stanhill launch a take over bid for Robust, one to watch?......GL S http://www.mercerresources.com/wp-content/uploads/2014/06/MCR_Financial-Statements-2013_FINAL.pdf http://www.asx.com.au/asxpdf/20140701/pdf/42qjxz7mvlk0vv.pdf