What’s up everyone, so in this video I’m taking you down memory lane to share with you updates
on a penny stock which has been very popular with retail investors - Asia Broadband - AABB.
Given the current challenging market environment, we have discussed many considerations previously
as hedges for inflation including dividend paying stocks and having some gold in your portfolio.
And for a tiny penny stock, this one is right up there having just scheduled a dividend for
shareholders on it register as of September – which is huge in my view, which is massive and
should certainly get you to pay attention to their story. And even more exciting is that, it is also
a gold-backed crypto-currency, which is a type of digital currency that is backed by physical gold.
The currency’s value is based on the current market price of gold and can
be used for transactions just like any other type of crypto-currency.
So in essence, gold-backed crypto-currencies are often more stable than other digital currencies.
And this is because the price of gold is generally less volatile than the prices of other assets,
such as stocks or normal crypto-currencies. And this makes them very good to be used as inflation
hedges. So if the price of gold rises, the value of the currency will also increase. And as gold
is experiencing high levels of demand right now and bouncing from its November lows which you
can see here, we would expect such rises to be reflected in their share price over the medium.
And this is even more exciting because, the price of gold to hit $2,500 an ounce by year’s
end according to Goldman Sachs. So it could be hay day for this penny stock. So stick around
to the end to learn more about whether this penny stock deserves a place on your watchlist or not.
That said please drop a quick like on the video and hit the bell, so we can get on
with it with and talk about Asia Broadband Ord (OTC: AABB) which is now sitting at over 3.8cents
per share with a market cap $101m. And what a share price performance we have here on a ytd
perspective, as it is sitting down by staggering 76.5% which may seem like a car crash on its own
but when taken holistically across the sector and the increasingly high interest rate environment
we find ourselves in, you very quickly settle that such performance is very reflective of the sector.
Asia Broadband was very popular with retail investors last year,
so I’m sure most retail investors are familiar with their story. Let’s be really clear that
the markets are very tough out there right now but saying they these depressed share
prices present significant opportunities for the long term if you believe in their story.
The risk with stocks like this is as big as any other growth or tech stock out there
so my view, is that it is important to do your DD and assess if Asia deserves a place on your
watchlist. And as we always aim to buy low and sell high you want to ensure you at least kick
the tyres to find out the latest on them and get in only at a price which is right for you,
as patience is always required in this space and they are presenting tremendous value opportunities
at these levels. So here’s what’s new with Asia Broadband starting with what they’re about.
Asia Broadband 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 Mexico to their
client sales networks in Asia. This vertical integration approach to sales transactions
is the unique strength of Asia Broadband and differentiates the Company to its shareholders.
Additionally, the Company has recently released its AABBG freshly minted mine-to-token gold-backed
cryptocurrency and its own 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.
And these are unique and outstanding qualities relative to other cryptocurrencies.
In their latest corporate update, they updated that the Company’s mining property acquisition
strategy, is 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.
In 2021, the Company acquired two high potential gold property interests in Mexico,
the Bonanza Gold Mine Project and the Tequila Gold Mine Joint Venture.
And the Company continues to actively search for new high potential mining property acquisitions.
The Company’s physical gold bullion holdings continue to be stored in a private and secure
location in Mexico and they have been in the process of preparing the logistics
of transferring the gold bullion to a new enhanced location in Mexico earlier this year.
The management anticipated revisiting the audit process for the Company later this year.
And their general corporate goals are to realize increased revenues in all segments of operations
to the sufficient levels required to qualify and apply for a major exchange uplisting.
So some bold ambitions there.
Asia Broadband recently Completed their Third Quarter Production and Continued Facilities
Expansion at the Tequila Gold Mine Project in Mexico. They announced that the production revenue
for the 3rd quarter ending September 30, 2022, is in the process of being finalized and will
be published in the coming weeks. The Company is expecting the 3rd quarter production revenue to
exceed the level recorded in the 2nd quarter, as the production facilities expansion is on going.
Their CEO Chris Torres, added that “their management team has been laser focused on
their mining operations growth initiative, to expand the Company’s primary business segment.
They are proud of and excited with the progress their mining group has made this year, which has
set the stage to achieve significantly higher levels of production in 2023,
which is just a brilliant outlook and tells of what more is to come.
And this where I feel you have to give round of applause to this penny stock given their boldness
and in this market environment where, Asia Broadband Confirmed Stock Dividend For September
Shareholders on their Record. They announced the details and allocation date of the September
shareholders’ stock dividend recently approved by the Company. The restricted common share dividend
will be distributed on the basis of 1 dividend share for every 100 common shares owned to
shareholders of record or beneficial owners of the Company on September 15, 2022 As they continue to
advance the corporate initiative to reward their loyal shareholder base for their continued support
and interest in sharing the success and growth of the Company’s gold mining operations and digital
assets division. One can equally argue that it’s a stock dividend which means even more
dilution but my view is that it speaks of the confidence they have in their business model
and what lies ahead to be able afford dilution without any cashback. Really interesting stuff.
Earlier this year, Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) also announced
their entering the Non-Fungible Token (“NFT) market to advance the rapid expansion of the
Company’s digital asset base. They had been in discussions to create multiple NFT marketplaces
for unique digital content categories, given their comparative advantage to efficiently process NFT
transactions within the marketplaces. The NFT market in 2021 realized explosive growth and is
estimated to have reached over $40 billion, a growth trend which has continued in 2022,
as NFTs are expected to become increasingly familiar and accepted by the investment community.
Asia Broadband recently announced that their Mining Operations Growth Initiative,
Sets a Path to Double their Net Assets to $200 Million By 2024. They said they were on track with
their mining operations expansion initiative, to realize substantially expanded production in 2023
and into the forthcoming years and paving a path of organic growth.
The Company believes that as they continued to execute their business plans and increase revenues
and net assets, the market will acknowledge their share value and a major announcement supporting
the Company’s path to growth is expected in the coming weeks. Wow, so clearly one to
watch as we always say the key is to focus on execution during these uncertain times.
Chris Torres, their CEO added that “With the mining operations expansion program
in full swing now, their management group and mining team believe tremendous increases in
production revenues are achievable next year and beyond that will take the Company to new levels,
as their progress in 2022 has set the stage for strong organic growth going forward."
Some very bullish outlook here which clearly sets the stage for an exciting
2023 and one so clearly to watch and atleast have on your watchlist.
How very exciting?? So some very very interesting and mind blowing prospects ahead for this crypto
penny stock, but only consider getting in if the price is right for you and if you fully understand
the risks. This video is not financial advice, a buy or a sell recommendation, but is meant
to bring some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
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