On Wednesday Asia Broadband Inc (OTCMKTS:AABB) announced that it had been working hard on discovering new gold property acquisitions with potential to produce high grade gold in different regions of Mexico.
On Wednesday, AABB stock gained 6.43% to $0.0265 with more than 8.63 million shares, compared to its average volume of 6.58 million shares. The stock moved within a range of $0.0243 – 0.0270 after opening trade at $0.0249.
Asia Broadband Actively Pursues Additional High-Grade Gold Property Acquisitions In Mexico
The mining group at Asia Broadband has completed a number of site visits to some of the properties which it has as its top targets and it noted yesterday, that it was conducting due diligence processes so as to make preparations before entering the negotiations for the purchase. It was also noted yesterday that the acquisition group at the company was only interested in properties which had the highest potential with regards to fast expansion.
The other factors that the group had been looking into were high grade production and low cost of operations since those factors would eventually help towards the generation of gross profits. The overall strategic capital expansion move from the company is geared towards boosting gold production and gold holdings so as to speed up the growth of its digital assets division.
The company has been working on its mining property acquisition strategy with the goal of optimizing capital growth. The company also believes that it enjoys a competitive advantage in Mexico.