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Meistdiskutierte Wertpapiere
Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
---|---|---|---|---|---|---|---|
1. | 1. | 17.962,00 | +0,35 | 132 | |||
2. | 2. | 179,99 | -1,80 | 85 | |||
3. | 4. | 3,9000 | +5,62 | 59 | |||
4. | 3. | 8,2900 | +4,94 | 56 | |||
5. | 5. | 0,1935 | -0,77 | 41 | |||
6. | 6. | 6,6990 | +0,37 | 29 | |||
7. | 8. | 57.376,67 | -4,35 | 26 | |||
8. | 9. | 0,9650 | +16,27 | 25 |
Wer weiss was über diese Firma?
Letzter Kurs: 0,012
Veränd. abs.: +0,002 Symbol: AJKM
Veränd. in %: +19,00 % ISIN: US0351291051
Veränd. abs.: +0,002 Symbol: AJKM
Veränd. in %: +19,00 % ISIN: US0351291051
Heute 80 % im plus,aber man findet keine Nachrichten
Marktkapitalisierung nur 340000 $,also eine Pommes Frites-
Bude,kann bei einer guten nachricht jederzeit explodieren
Bude,kann bei einer guten nachricht jederzeit explodieren
ANGLOTAJIK MINERALS INC.
---------------------------------------------------------------------------
(Exact name of small business as specified in its charter)
NEVADA 86-0891931
------------------------------------------------ --------------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
433 N. Camden Drive, 4th Floor, Suite 110, Beverly Hills, CA 90210
----------------------------------------------------------------------------
(Address of principal executive offices)
(310) 285-1506
------------------------------------------------------------------------------
(Issuer`s telephone number)
------------------------------------------------------------------------------
(Former name, former address, and former fiscal year,
if changed since last report)
-i-
<PAGE>
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No [ ]
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports required to be file
by Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by the court. Yes [ ] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer`s classes of common
equity, as of the latest practicable date:
Issued and outstanding as of August 1, 2005: 51,820,458 shares common
stock, $0.001 par value
Transitional Small Business Disclosure Format (Check one): Yes [ ] No |X|
-ii-
<PAGE>
PART 1 - FINANCIAL INFORMATION
Item 1 - Financial Statements
The accompanying unaudited financial statements of Anglotajik Minerals, Inc.
(the "Company"), have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the
instructions to Form 10-QSB. Accordingly, these financial statements may not
include all of the information and disclosures required by generally accepted
accounting principles for complete financial statements. These financial
statements should be read in conjunction with the audited financial statements
and the notes thereto for the fiscal year ending December, 2004. In the opinion
of management, the accompanying unaudited financial statements contain all
adjustments necessary to fairly present the Company`s financial position as of
June 30, 2005 and its results of operations and its cash flows for the six
months ended June 30, 2005.
ANGLOTAJIK MINERALS, INC.
FINANCIAL STATEMENTS
June 30, 2005
(Unaudited)
-1-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Balance Sheets
<TABLE>
<CAPTION>
June 30, December 31,
ASSETS 2005 2004
------------- -------------
(Unaudited)
Current Assets
<S> <C> <C>
Cash $ - $ 72
------------- -------------
Total current assets - 72
------------- -------------
Total assets $ - $ 72
============= =============
LIABILITIES AND STOCKHOLDERS` DEFICIT
Current Liabilities
Bank overdraft $ 33 $ 28,343
Accounts payable 356,477 356,477
Accrued expenses 211,419 560,116
Interest payable 8,519 7,243
Note Payable- Current 28,343 -
Note payable - related party 450,465 494,320
------------- -------------
Total current and total liabilities 1,055,256 1,446,499
------------- -------------
Stockholders` Deficit
Common stock, $.001 par value, 300,000,000 shares
authorized, 51,820,458 shares issued and outstanding 51,820 19,120
Additional paid-in capital 4,639,080 4,121,063
Deficit accumulated during the exploration stage (5,746,156) (5,586,610)
------------- -------------
Total Stockholders` Equity (1,055,256) (1,446,427)
------------- -------------
Total liabilities and stockholders` equity $ - $ 72
============= =============
</TABLE>
The accompanying notes are an integral part of these financial statements.
-2-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Statements of Operations
<TABLE>
<CAPTION>
Cumulative
During the
Exploration For the Six For the Six
Stage Months Ended Months Ended
June 30, June 30, June 30,
2005 2005 2004
---------------- --------------- ---------------
<S> <C> <C> <C>
Revenue $ - $ - $ -
-------
Operating Costs and Expenses
Operating and administrative expenses $ 5,598,818 $ 158,279 $ 142,187
Depreciation expense 5,562 - -
Amortization expense 16,500 - -
---------------- --------------- ---------------
Total operating costs and expenses 5,611,880 (158,270 (142,187
Net Operating Loss (5,611,880) (158,270) (142,187
Non-operating Income
Dividend income 1,212 - -
Gain on cancellation of contracts 90,604 - -
Loss on disposal of assets (59,641) - -
---------------- --------------- ---------------
Total non-operating income 32,175 - -
---------------- --------------- ---------------
Interest expense (166,451) (1,276) (1,276)
Net loss before income taxes (5,746,156) (159,546) (143,463)
---------------- --------------- ---------------
Provision for income taxes - - -
---------------- --------------- ---------------
Net loss $ (5,746,156) $ (159,546) $ (143,463)
================ =============== ===============
Loss per common share - basic and diluted $ - $ (.01)
=============== ===============
Weighted average common shares - basic and diluted 51,820,458 19,120,458
=============== ===============
</TABLE>
The accompanying notes are an integral part of these financial statements.
-3-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Statements of Cash Flows
(Unaudited)
<TABLE>
<CAPTION>
Cumulative
During the
Exploration For the Three For the Three
Stage Thru Months Ended Months Ended
June 30, June 30, June 30,
2005 2005 2004
--------------- -------------- --------------
Cash Flows from Operating Activities
<S> <C> <C> <C>
Net loss $ (5,746,156) $ (159,546) $ (143,463)
Adjustments to reconcile net loss to net
cash used in operating activities:
Amortization and depreciation expenses 22,062 - -
Deferred compensation expense 400,000 - -
Gain on cancellation of amortization (16,500) - -
Loss on disposal of assets 59,641 - -
Decrease in deposits 14,925 - -
Decrease in prepaid expense 796,250 - -
Increase (decrease) in accounts payable 421,046 - -
Increase (decrease) in related party payable 510,335 (43,230) -
Increase (decrease) in wages payable 212,193 (254,771) -
Increase in interest payable 166,777 1,276 1,276
Increase in accrued expenses 71,328 (94,551) 115,000
Expenses paid by issuance of common stock
subscribed 45,000 - -
Expenses paid by issuance of common stock 1,125,378 - -
--------------- -------------- --------------
Net cash used in operating activities (1,917,721) (550,822) (27,187)
--------------- -------------- --------------
Cash Flows from Investing Activities
Deposits paid (14,925) - -
Purchase of fixed assets (65,203) - -
--------------- -------------- --------------
Net cash used in investing activities (80,128) - -
--------------- -------------- --------------
</TABLE>
The accompanying notes are an integral part of these financial statements.
-4-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Statements of Cash Flows
<TABLE>
<CAPTION>
Cumulative
During the
Exploration For the Three For the Three
Stage Thru Months Ended Months Ended
June 30, June 30, June 30,
2005 2005 2004
--------------- -------------- --------------
Cash Flows from Financing Activities
<S> <C> <C> <C>
Proceeds received from issuance of stock $ 1,005,352 $ 550,717 $ -
Proceeds received from officer advances 129,377 - 26,985
Proceeds from bank overdraft 30,584 33 -
Payment on bank overdraft (9,915) - -
Payment of officers advances (5,474) - -
Payment on line of credit (22,574) - -
Proceeds received from line of credit 870,499 - -
--------------- -------------- --------------
Net cash provided by financing activities 1,997,849 550,750 26,985
--------------- -------------- --------------
Net increase in cash - (72) (202)
Cash and cash equivalents at
Beginning of period - 72 594
--------------- -------------- --------------
Cash and cash equivalents at
End of period $ - $ - $ 392
=============== ============== ==============
</TABLE>
The accompanying notes are an integral part of these financial statements.
Supplementary Information
During the years ended December 31, 2004 and 2003, no amounts were paid for
either interest or income taxes.
On October 13, 2003, the company issued 1,000,000 common shares for legal
services valued at $370,000.
In August 2003 the company issued 16,999,984 common shares to shareholders in
exchange for interest payable of $150,519.
-5-
<PAGE>
In July 2003 the Company issued 286,713 common shares to the President to
relieve an advance of $48,773 and set up a receivable of $51,227. Also in July
2003 a $100,000 signing bonus was paid via the issuance of 279,720 common
shares.
In May 2003 the Company issued 2,797 common shares in exchange for consulting
expenses of $13,500. Also in May 2003 the Company issued 13,986 common shares to
the President pursuant to a stock option agreement, to relieve $100,000 in
officer advances and consulting fees payable.
In April 2003 the mining rights contract and the related shares were cancelled.
In June 2002 the Company issued 20,797 shares of its common stock for consulting
services of $75,000.
During the three months ending March 31, 2005 the company issued 3,916,434
restricted common shares in exchange for printing and reproductions expenses of
$35,237, as well as, 3,916,434 restricted common shares in exchange for
consulting expenses of $ 34,285. Also the company issued 24,867,132 restricted
common shares in lieu of the company`s debts to the President of $386,773 for
wages payable, $47,375.66 for advance from shareholder, and $47,047 for vacation
accrued. The total amount of the debt to the President was $481,195 of which
$58,454 of the debt was forgiven.
-6-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Notes to the Financial Statements
NOTE 1 - Summary of Significant Accounting Policies
a. Organization
Anglotajik Minerals, Inc. (the "Company") was incorporated in the State of
Nevada in August 1997, under the name Meximed Industries, Inc. In January
1999 the Company changed its name to Digital Video Display Technology
Corporation and in July 2001 to Iconet, Inc. With new management in the
middle of 2003 the company again changed its name to Anglotajik Minerals,
Inc. The Company is considered to be in the exploration stage as its
operations principally involve research and exploration, market analysis,
and other business planning activities, and no revenue has been generated
from its business activities.
These financial statements have been prepared assuming that the Company
will continue as a going concern. The Company is currently in the
exploration stage and existing cash and available credit are insufficient
to fund the Company`s cash flow needs for the next year. The Company plans
to raise additional capital through private placements. The preparation of
financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that
affect certain reported amounts and disclosures. Accordingly, actual
results could differ from those estimates.
b. Cash and cash equivalents
For purposes of the statement of cash flows, the Company considers all
highly liquid debt instruments purchased with a maturity of three months or
less to be cash equivalents. As of March 31, 2005, and 2004, the Company
held no cash equivalents.
c. Fair Value of Financial Instruments
Unless otherwise indicated, the fair values of all reported assets and
liabilities which represent financial instruments (none of which are held
for trading purposes) approximate the carrying values of such amounts.
d. Provision for Income taxes
No provision for income taxes has been recorded due to net operating loss
carryforwards totaling over $5.2 million that will be offset against future
taxable income. These NOL carryforwards begin to expire in the year 2017.
No tax benefit has been reported in the financial statements because the
Company believes there is a 50% or greater chance the carryforward will
expire unused.
-7-
<PAGE>
The deferred tax asset and the valuation account are as follows at June
30, 2005 and 2004:
June 30, June 30,
2005 2004
------------- --------------
Deferred tax asset:
Deferred noncurrent tax asset $ 1,953,693 $ 1,807,740
Valuation allowance (1,953,693) (1,807,740)
------------- --------------
Total - -
============== ==============
e. Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements
and accompanying notes. In these financial statements, assets, liabilities
and earnings involve extensive reliance on managements estimates. Actual
results could differ from those estimates.
f. Earning (loss) per share
Net loss per share is provided in accordance with Statement of Financial
Accounting Standards (SFAS) No. 128 Earnings Per Share. Basic loss per
share for each period is computed by dividing net loss by the weighted
average number of shares of common stock outstanding during the period.
Diluted loss per share is computed in a manner consistent with that of
basic loss per share while giving effect to all potentially dilutive common
shares that were outstanding during the period. The number of additional
shares is calculated by assuming that outstanding stock options were
exercised and that the proceeds from such exercises were used to acquire
shares of common stock at the average market price during the reporting
period. The weighted averages for the years ended December 31, 2003, and
2002, and from inception reflect the reverse stock split of 1:200 that was
approved by the board of directors in July 2001, the 1:143 reverse stock
split effective July 16, 2003 and the 2:1 forward split on September 15,
2003.
The computation of earnings (loss) per share of common stock is based on
the weighted average number of shares outstanding at the date of the
financial statements. Outstanding employee warrants have been considered in
the fully diluted earnings per share calculation in 2005 and 2004.
-8-
<PAGE>
June 30,
------------------------------
2005 2004
-------------- --------------
Basic Earnings Per Share $ (159,546) $ (142,187)
Income (Loss) (numerator) 51,820,458 19,120,458
-------------- --------------
Shares (denominator) $ (.00) $ (.01)
============== ==============
Fully Diluted Earnings Per Share $ (159,546) $ (142,187)
Income (Loss) (numerator) 51,820,458 19,120,458
-------------- --------------
Shares (denominator) $ (.00) $ (.01)
============== ==============
NOTE 2 - New Technical Pronouncements
In January 2003, the Emerging Issues Task Force ("EITF") issued EITF Issue
No. 00-21, Accounting for Revenue Arrangements with Multiple Deliverables.
This consensus addresses certain aspects of accounting by a vendor for
arrangements under which it will perform multiple revenue-generating
activities, specifically, how to determine whether an arrangement involving
multiple deliverables contains more than one unit of accounting. EITF Issue
No. 00-21 is effective for revenue arrangements entered into in fiscal
periods beginning after June 15, 2003, or entities may elect to report the
change in accounting as a cumulative-effect adjustment. The adoption of
EITF Issue No. 00-21 did not have a material impact on the Company`s
financial statements.
In January 2003, the FASB issued Interpretation ("FIN") No. 46,
Consolidation of Variable Interest Entities. Until this interpretation, a
company generally included another entity in its consolidated financial
statements only if it controlled the entity through voting interests. FIN
No. 46 requires a variable interest entity, as defined, to be consolidated
by a company if that company is subject to a majority of the risk of loss
from the variable interest entity`s activities or entitled to receive a
majority of the entity`s residual returns. FIN No. 46 is effective for
reporting periods ending after December 15, 2003. The adoption of FIN No.
46 did not have an impact on the Company`s financial statements.
In April 2003, the FASB issued SFAS No. 149, Amendment of Statement 133 on
Derivative Instruments and Hedging Activities, which amends and clarifies
accounting for derivative instruments, including certain derivative
instruments embedded in other contracts, and for hedging activities under
SFAS No. 133. SFAS No. 149 is effective for contracts entered into or
modified after June 30, 2003 and for hedging relationships designated after
June 30, 2003. The adoption of SFAS No. 149 will not have an impact on the
Company`s financial statements.
-9-
<PAGE>
In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial
Instruments with Characteristics of both Liabilities and Equity. SFAS No.
150 changes the accounting guidance for certain financial instruments that,
under previous guidance, could be classified as equity or "mezzanine"
equity by now requiring those instruments to be reported as liabilities.
SFAS No. 150 also requires disclosure relating to the terms of those
instruments and settlement alternatives. SFAS No. 150 is generally
effective for all financial instruments entered into or modified after May
31, 2003, and is otherwise effective at the beginning of the first interim
period beginning after June 15, 2003. The adoption of SFAS No. 150 did not
have an impact on the Company`s financial statements.
In December 2003, the SEC issued SAB No. 104. SAB No. 104 revises or
rescinds portions of the interpretative guidance included in Topic 13 of
the codification of staff accounting bulletins in order to make this
interpretive guidance consistent with current authoritative accounting and
auditing guidance and SEC rules and regulations. It also rescinds the
Revenue Recognition in Financial Statements Frequently Asked Questions and
Answers document issued in conjunction with Topic 13. Selected portions of
that document have been incorporated into Topic 13. The adoption of SAB No.
104 in December 2003 did not have an impact on the Company`s financial
position, results of operations or cash flows.
In November 2004, the FASB issued SFAS No. 151, Inventory Costs--an
amendment of ARB No. 43, Chapter 4 This Statement amends the guidance in
ARB No. 43, Chapter 4 Inventory Pricing. SFAS No. 151 clarifies the
accounting for abnormal amounts of idle facility expense, freight, handling
costs, and wasted material (spoilage). SFAS No. 149 is effective for
inventory costs incurred during fiscal years beginning after June 15, 2005.
The adoption of SFAS No. 151 will not have an impact on the Company`s
consolidated financial statements.
In December 2004, the FASB issued SFAS No. 152, Amendment of FASB Statement
No. 66, Accounting for Sales of Real Estate, which references the financial
accounting and reporting guidance for real estate time-sharing transactions
that is provided in AICPA Statement of Position. This Statement also amends
FASB Statement No. 67, Accounting for Costs and Initial Rental Operations
of Real Estate Projects, to state that the guidance for incidental
operations and costs incurred to sell real estate projects does not apply
to real estate time-sharing transactions. SFAS No. 152 is effective for
financial statements for fiscal years beginning after June 15, 2005. The
adoption of SFAS No. 152 will not have an impact on the Company`s
consolidated financial statements.
-10-
<PAGE>
In May 2005, the FASB issued SFAS No. 154, Accounting Changes and Error
Corrections. This Statement replaces APB No. 20, Accounting Changes and
FASB No. 3, Reporting Accounting Changes in Interim Financial Statements,
and changes the requirements for the accounting for and reporting of a
change in accounting principle. This Statement applies it all voluntary
changes in accounting principle. It also applies to changes required by an
accounting pronouncement in the unusual instance that the pronouncement
includes specific transition provisions. When a pronouncement includes
specific transition provisions, those provisions should be followed. This
Statement requires retrospective application to prior periods` financial
statements of changes in accounting principle, unless it is impracticable
to determine either the period-specific effects or the cumulative effect of
the change. The adoption of SFAS No. 154 did not have an impact on the
Company`s consolidated financial statements.
NOTE 3 - Stock Options
The Company applies APB Opinion 25 and related interpretations in
accounting for its stock option plans. No compensation cost has been
recognized during the period ended March 31, 2005. Deferred compensation is
recorded only when the market price exceeds the option price at the grant
date. Compensation is recorded using the straight-line method over the
vesting period.
In September 2001 the Company issued an option to purchase 13,986 shares of
common stock at $0.10 per share to a Director of the Company. The Company
accrued $400,000 in deferred compensation costs, as the option price at the
grant date was less than the market price. The option expires in September
2006. The compensation cost will be accrued over the vesting period.
Compensation costs of $0 and $0 were included in the statements of
operation for the period ended March 31, 2005 and the year ended December
31, 2004, respectively.
In September 2003 the Company issued an option to purchase 699,301 shares
of common stock at $0.21 per share to a Director of the Company. The
Company did not accrue any deferred compensation costs, as the option price
was greater that the market price on the date of grant. The option expires
in July 2011. Had compensation cost for the Company`s stock-based
compensation plan been determined based on the fair value at the grant date
for awards under those plans consistent with the method of FASB Statement
123, the Company`s net loss and loss per share would have been increased to
the pro forma amounts indicated below:
-11-
<PAGE>
June 30, December 31,
2005 2004
--------------- ---------------
Net loss:
As reported $ (159,546) $ 413,190
Pro forma $ (160,703) $ 415,504
Loss per share:
As reported $ - $ .02
Pro forma $ - $ .02
The Company has determined the pro-forma information as if the Company had
accounted for the stock option granted on July 1, 2003, under the fair
value method of SFAS 123. The Black-Scholes option-pricing model was used
with a risk free interest rate of 4% for March 31, 2005 and December 31,
2004; dividend yield of 0.0% for March 31, 2005 and December 31, 2004; a
volatility factor of 220% and 182% for March 31, 2005 and December 31, 2004
respectively, and an expected life of 8 years. The fair value of the stock
options granted in July 2003 is $0.01 per share. If the Company had
recognized deferred compensation cost based on the fair value method, it
would have increased deferred compensation by $579 for the period ended
March 31, 2005 and $6,941 for the year ended December 31, 2004. It would
also have increased the compensation cost for the period ended March 31,
2005 by $579 and for the year ended December 31, 2004 by $2,314.
NOTE 4 - Related Party Transactions
During the years ended December 31, 2004, and 2003, the Company charged
$38,285, and $37,500 respectively, to consulting expense, and $0 and
$80,000, respectively, to legal fees for services rendered by directors or
stockholders of the Company. Outstanding balances payable for consulting
and legal fees to these related parties were $450,465 and $450,465 at
December 31, 2004, and 2003, respectively.
The President of Anglotajik Minerals, Inc. advanced the Company funds to
pay expenses. During the year ended December 31, 2003, travel and other
office expenses of $62,073 were paid by an officer.
In May 2003 the Company issued 13,986 shares of its common stock to the
officer pursuant to a stock option dated September 1, 2001. This issuance
relieved officer advances payable and consulting fees payable by $31,900
and $68,100, respectively.
In July 2003 the Board of Directors authorized the issuance of 286,713
restricted common shares to the President to relieve the shareholder
advance of $48,773 and for a receivable of $51,227 from the President.
-12-
<PAGE>
During the third quarter of 2003, the President was the only member of the
Board of Directors. In July 2003 the Company issued an option to purchase
699,301 shares of common stock at $0.21 per share to a Director of the
Company. Also in July 2003 a signing bonus of $100,000 was paid to the
President via the issuance of 279,720 shares of restricted common stock.
Wages payable to the President of $120,000 for 3rd and 4th quarter of 2003
were accrued during the 2003 year. Additionally $252,000 in wages payable
to the President was accrued during the 2004 year. During the first quarter
of 2005, the President accrued wages in the amount of $66,000.
During the year ended December 31, 2003, the Company issued a total of
16,999,984 common shares to each of the shareholders to whom interest was
due on an old line of credit. The issuance of these shares relieved the
entire outstanding payable of $150,519.
During the three months ending March 31, 2005, the company issued
24,867,132 restricted common shares in lieu of the company`s debts to the
President of $386,773 for wages payable, $47,375 for advances from
shareholders, and $47,047 for accrued vacation. The total amount of the
debt to the President was $481,195 of which $58,454 of the debt was
forgiven.
NOTE 5 - Stockholders` Equity
In July 2003 the Board of Directors authorized the issuance of 286,713
restricted common shares to the President in exchange for a shareholder
advance of $48,773 and a receivable from the President of $51,227. The
President is the only member of the Board of Directors. Also in July 2003 a
signing bonus of $100,000 was paid to the President via the issuance of
279,720 shares of restricted common stock.
In July 2003 a reverse stock split of 1:143 was authorized by the Board of
Directors, and the number of authorized shares was increased to 300
million. The financial statements have been retroactively restated to
reflect the reverse stock split.
In August 2003 the Company issued 16,999,984 common shares to the
shareholders to whom interest was due on the line of credit. The issuance
of these shares relieved the entire outstanding payable of $150,519.
In September 2003 a 2:1 forward stock split was authorized by the Board of
Directors. The financial statements have been retroactively restated to
reflect the forward stock split.
On October 13, 2003 the board of directors authorized the issuance of
1,000,000 shares of restricted common stock to a law firm for services
valued at $370,000.
-13-
<PAGE>
During the three months ending March 31, 2005 the company issued 3,916,434
restricted common shares in exchange for printing and reproductions
expenses of $35,237, as well as, 3,916,434 restricted common shares in
exchange for consulting expenses of $ 34,285. Also the company issued
24,867,132 restricted common shares in lieu of the company`s debts to the
President of $386,773 for wages payable, $47,375.66 for advance from
shareholder, and $47,047 for vacation accrued. The total amount of the debt
to the President was $481,195 of which $58,454 of the debt was forgiven.
NOTE 6 - Commitments and Contingencies
There are various claims and lawsuits pending against the Company arising
in the normal course of the Company`s business. Although the amount of
liability at December 31, 2003, cannot be ascertained, management is of the
opinion that any resulting liability will not materially affect the
Company`s financial position.
Merrill Lynch Canada Inc. has filed suit against the Company regarding a
dispute related to the sale of its restricted common stock by an unrelated
third party to Merrill Lynch. At this time the Company does not know if it
will sustain a loss, or the amount of the loss.
The Company settled an action by a bank regarding an overdraft. The
settlement carried an interest rate of 9.0% and twelve monthly payments of
$3,321. The Company made three payments before defaulting on this
settlement. The amount due as of March 31, 2005 is $28,343. Related
interest of $7,881 has also been accrued by the Company.
Item 2 - Management`s Discussion and Analysis or Plan of Operation
NOTE: The following discussion and analysis should be read in conjunction with
the Company`s Interim Financial Statements (unaudited) and the Notes to the
Financial Statements for the six month period ended June 30, 2005.
Uncertainty as to Certain Accounts Payable
We have reviewed, and continue to review our corporate files, books and records,
but remain unable to conclusively identify a basis or certain amount of our
Accounts Payable and for the Related Parties Payable to previous management
carried on our books. We are continuing to attempt to locate invoices or other
documentation regarding those payables.
Six Months Ended June 30, 2005 versus 2004
Operating expenses for the period increased slightly to $158,270 in 2005
compared to $142,187 for the comparable period in 2004. As the company had no
cash resources, expenses were funded by issuance of common stock, by loans
subsequently settled by the issuance of our common stock, and by an increase in
the Related Party Payable account.
-14-
<PAGE>
Plan of Operation
We currently have no cash or sources of cash to fund operations. We have
suspended our proposed activities in mineral exploration in the Republic of
Tajikistan because of our inability to secure funding, and are currently
exploring other business opportunities. Our ability to resume mineral
exploration, or to acquire or start another business, will likely depend upon
our success in raising capital through stock sales or some other means, of which
we cannot be certain.
PART II - OTHER INFORMATION
Item 1 - Legal Proceedings
There are various claims and lawsuits pending against the Company arising in the
normal course of the Company`s business. Although the amount of liability at
September 30, 2003, cannot be ascertained, management is of the opinion that any
resulting liability will not materially affect the Company`s financial position.
See Note 6 to the Interim Financial Statements.
Item 2 - Changes in Securities
None.
Item 3 - Defaults Upon Senior Securities
None.
Item 4 - Submission of Matters to a Vote of Security Holders
None.
Item 5 - Other Information
None.
Item 6 - Exhibits and Reports on Form 8-K
None.
The following exhibits are filed herewith:
Ex. 31 Certification of CEO / CFO
Ex. 32 Certification of CEO / CFO
In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
ANGLOTAJIK MINERALS INC.
June 30, 2005 /s/ Matthew Markin
------------------ -----------------------------------------
Dated President, Acting Chief Financial Officer
-16-
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>2
<FILENAME>ajkm10qsb0605ex31.txt
<DESCRIPTION>CERTIFICATION OF CEO / CFO
<TEXT>
[EXHIBIT 31.1]
CERTIFICATION
I, Matthew Markin, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Anglotajik Minerals
Inc.;
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;
4. The registrant`s other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:
a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this annual report is
being prepared;
b) evaluated the effectiveness of the registrant`s disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this annual report (the "Evaluation Date"); and
c) presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant`s other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant`s auditors and the audit committee of
registrant`s board of directors (or persons performing the equivalent function):
a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant`s ability to
record, process, summarize and report financial data and have
identified for the registrant`s auditors any material weaknesses in
internal controls; and
b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant`s
internal controls; and
6. The registrant`s other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.
Date: June 30, 2005
/s/ Matthew Markin
-------------------------------------
President and CEO
Acting Chief Financial Officer
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>3
<FILENAME>ajkm10qsb0605ex32.txt
<DESCRIPTION>CERTIFICATION OF CEO / CFO
<TEXT>
[EXHIBIT 32]
CERTIFICATION
Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report of Anglotajik Minerals Inc. (the
"Company") on Form 10-QSB for the period ended June 30, 2005 as filed with
the Securities and Exchange Commission on the date hereof (the "Report), Matthew
Markin, as Principal Executive Officer and Chief Financial Officer of the
Company hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of his
knowledge, that:
(1) the Report fully complies with the requirements of section 13(a) of the
Securities Exchange Act of 1934; and
(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
Date: June 30, 2005
Signed:
/s/ Matthew Markin
----------------------------------
President, Chief Executive Officer,
Chief Executive Officer
</TEXT>
</DOCUMENT>
</SUBMISSION>
---------------------------------------------------------------------------
(Exact name of small business as specified in its charter)
NEVADA 86-0891931
------------------------------------------------ --------------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
433 N. Camden Drive, 4th Floor, Suite 110, Beverly Hills, CA 90210
----------------------------------------------------------------------------
(Address of principal executive offices)
(310) 285-1506
------------------------------------------------------------------------------
(Issuer`s telephone number)
------------------------------------------------------------------------------
(Former name, former address, and former fiscal year,
if changed since last report)
-i-
<PAGE>
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No [ ]
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports required to be file
by Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by the court. Yes [ ] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer`s classes of common
equity, as of the latest practicable date:
Issued and outstanding as of August 1, 2005: 51,820,458 shares common
stock, $0.001 par value
Transitional Small Business Disclosure Format (Check one): Yes [ ] No |X|
-ii-
<PAGE>
PART 1 - FINANCIAL INFORMATION
Item 1 - Financial Statements
The accompanying unaudited financial statements of Anglotajik Minerals, Inc.
(the "Company"), have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the
instructions to Form 10-QSB. Accordingly, these financial statements may not
include all of the information and disclosures required by generally accepted
accounting principles for complete financial statements. These financial
statements should be read in conjunction with the audited financial statements
and the notes thereto for the fiscal year ending December, 2004. In the opinion
of management, the accompanying unaudited financial statements contain all
adjustments necessary to fairly present the Company`s financial position as of
June 30, 2005 and its results of operations and its cash flows for the six
months ended June 30, 2005.
ANGLOTAJIK MINERALS, INC.
FINANCIAL STATEMENTS
June 30, 2005
(Unaudited)
-1-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Balance Sheets
<TABLE>
<CAPTION>
June 30, December 31,
ASSETS 2005 2004
------------- -------------
(Unaudited)
Current Assets
<S> <C> <C>
Cash $ - $ 72
------------- -------------
Total current assets - 72
------------- -------------
Total assets $ - $ 72
============= =============
LIABILITIES AND STOCKHOLDERS` DEFICIT
Current Liabilities
Bank overdraft $ 33 $ 28,343
Accounts payable 356,477 356,477
Accrued expenses 211,419 560,116
Interest payable 8,519 7,243
Note Payable- Current 28,343 -
Note payable - related party 450,465 494,320
------------- -------------
Total current and total liabilities 1,055,256 1,446,499
------------- -------------
Stockholders` Deficit
Common stock, $.001 par value, 300,000,000 shares
authorized, 51,820,458 shares issued and outstanding 51,820 19,120
Additional paid-in capital 4,639,080 4,121,063
Deficit accumulated during the exploration stage (5,746,156) (5,586,610)
------------- -------------
Total Stockholders` Equity (1,055,256) (1,446,427)
------------- -------------
Total liabilities and stockholders` equity $ - $ 72
============= =============
</TABLE>
The accompanying notes are an integral part of these financial statements.
-2-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Statements of Operations
<TABLE>
<CAPTION>
Cumulative
During the
Exploration For the Six For the Six
Stage Months Ended Months Ended
June 30, June 30, June 30,
2005 2005 2004
---------------- --------------- ---------------
<S> <C> <C> <C>
Revenue $ - $ - $ -
-------
Operating Costs and Expenses
Operating and administrative expenses $ 5,598,818 $ 158,279 $ 142,187
Depreciation expense 5,562 - -
Amortization expense 16,500 - -
---------------- --------------- ---------------
Total operating costs and expenses 5,611,880 (158,270 (142,187
Net Operating Loss (5,611,880) (158,270) (142,187
Non-operating Income
Dividend income 1,212 - -
Gain on cancellation of contracts 90,604 - -
Loss on disposal of assets (59,641) - -
---------------- --------------- ---------------
Total non-operating income 32,175 - -
---------------- --------------- ---------------
Interest expense (166,451) (1,276) (1,276)
Net loss before income taxes (5,746,156) (159,546) (143,463)
---------------- --------------- ---------------
Provision for income taxes - - -
---------------- --------------- ---------------
Net loss $ (5,746,156) $ (159,546) $ (143,463)
================ =============== ===============
Loss per common share - basic and diluted $ - $ (.01)
=============== ===============
Weighted average common shares - basic and diluted 51,820,458 19,120,458
=============== ===============
</TABLE>
The accompanying notes are an integral part of these financial statements.
-3-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Statements of Cash Flows
(Unaudited)
<TABLE>
<CAPTION>
Cumulative
During the
Exploration For the Three For the Three
Stage Thru Months Ended Months Ended
June 30, June 30, June 30,
2005 2005 2004
--------------- -------------- --------------
Cash Flows from Operating Activities
<S> <C> <C> <C>
Net loss $ (5,746,156) $ (159,546) $ (143,463)
Adjustments to reconcile net loss to net
cash used in operating activities:
Amortization and depreciation expenses 22,062 - -
Deferred compensation expense 400,000 - -
Gain on cancellation of amortization (16,500) - -
Loss on disposal of assets 59,641 - -
Decrease in deposits 14,925 - -
Decrease in prepaid expense 796,250 - -
Increase (decrease) in accounts payable 421,046 - -
Increase (decrease) in related party payable 510,335 (43,230) -
Increase (decrease) in wages payable 212,193 (254,771) -
Increase in interest payable 166,777 1,276 1,276
Increase in accrued expenses 71,328 (94,551) 115,000
Expenses paid by issuance of common stock
subscribed 45,000 - -
Expenses paid by issuance of common stock 1,125,378 - -
--------------- -------------- --------------
Net cash used in operating activities (1,917,721) (550,822) (27,187)
--------------- -------------- --------------
Cash Flows from Investing Activities
Deposits paid (14,925) - -
Purchase of fixed assets (65,203) - -
--------------- -------------- --------------
Net cash used in investing activities (80,128) - -
--------------- -------------- --------------
</TABLE>
The accompanying notes are an integral part of these financial statements.
-4-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Statements of Cash Flows
<TABLE>
<CAPTION>
Cumulative
During the
Exploration For the Three For the Three
Stage Thru Months Ended Months Ended
June 30, June 30, June 30,
2005 2005 2004
--------------- -------------- --------------
Cash Flows from Financing Activities
<S> <C> <C> <C>
Proceeds received from issuance of stock $ 1,005,352 $ 550,717 $ -
Proceeds received from officer advances 129,377 - 26,985
Proceeds from bank overdraft 30,584 33 -
Payment on bank overdraft (9,915) - -
Payment of officers advances (5,474) - -
Payment on line of credit (22,574) - -
Proceeds received from line of credit 870,499 - -
--------------- -------------- --------------
Net cash provided by financing activities 1,997,849 550,750 26,985
--------------- -------------- --------------
Net increase in cash - (72) (202)
Cash and cash equivalents at
Beginning of period - 72 594
--------------- -------------- --------------
Cash and cash equivalents at
End of period $ - $ - $ 392
=============== ============== ==============
</TABLE>
The accompanying notes are an integral part of these financial statements.
Supplementary Information
During the years ended December 31, 2004 and 2003, no amounts were paid for
either interest or income taxes.
On October 13, 2003, the company issued 1,000,000 common shares for legal
services valued at $370,000.
In August 2003 the company issued 16,999,984 common shares to shareholders in
exchange for interest payable of $150,519.
-5-
<PAGE>
In July 2003 the Company issued 286,713 common shares to the President to
relieve an advance of $48,773 and set up a receivable of $51,227. Also in July
2003 a $100,000 signing bonus was paid via the issuance of 279,720 common
shares.
In May 2003 the Company issued 2,797 common shares in exchange for consulting
expenses of $13,500. Also in May 2003 the Company issued 13,986 common shares to
the President pursuant to a stock option agreement, to relieve $100,000 in
officer advances and consulting fees payable.
In April 2003 the mining rights contract and the related shares were cancelled.
In June 2002 the Company issued 20,797 shares of its common stock for consulting
services of $75,000.
During the three months ending March 31, 2005 the company issued 3,916,434
restricted common shares in exchange for printing and reproductions expenses of
$35,237, as well as, 3,916,434 restricted common shares in exchange for
consulting expenses of $ 34,285. Also the company issued 24,867,132 restricted
common shares in lieu of the company`s debts to the President of $386,773 for
wages payable, $47,375.66 for advance from shareholder, and $47,047 for vacation
accrued. The total amount of the debt to the President was $481,195 of which
$58,454 of the debt was forgiven.
-6-
<PAGE>
Anglotajik Minerals, Inc.
(A Company in the Exploration Stage)
Notes to the Financial Statements
NOTE 1 - Summary of Significant Accounting Policies
a. Organization
Anglotajik Minerals, Inc. (the "Company") was incorporated in the State of
Nevada in August 1997, under the name Meximed Industries, Inc. In January
1999 the Company changed its name to Digital Video Display Technology
Corporation and in July 2001 to Iconet, Inc. With new management in the
middle of 2003 the company again changed its name to Anglotajik Minerals,
Inc. The Company is considered to be in the exploration stage as its
operations principally involve research and exploration, market analysis,
and other business planning activities, and no revenue has been generated
from its business activities.
These financial statements have been prepared assuming that the Company
will continue as a going concern. The Company is currently in the
exploration stage and existing cash and available credit are insufficient
to fund the Company`s cash flow needs for the next year. The Company plans
to raise additional capital through private placements. The preparation of
financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that
affect certain reported amounts and disclosures. Accordingly, actual
results could differ from those estimates.
b. Cash and cash equivalents
For purposes of the statement of cash flows, the Company considers all
highly liquid debt instruments purchased with a maturity of three months or
less to be cash equivalents. As of March 31, 2005, and 2004, the Company
held no cash equivalents.
c. Fair Value of Financial Instruments
Unless otherwise indicated, the fair values of all reported assets and
liabilities which represent financial instruments (none of which are held
for trading purposes) approximate the carrying values of such amounts.
d. Provision for Income taxes
No provision for income taxes has been recorded due to net operating loss
carryforwards totaling over $5.2 million that will be offset against future
taxable income. These NOL carryforwards begin to expire in the year 2017.
No tax benefit has been reported in the financial statements because the
Company believes there is a 50% or greater chance the carryforward will
expire unused.
-7-
<PAGE>
The deferred tax asset and the valuation account are as follows at June
30, 2005 and 2004:
June 30, June 30,
2005 2004
------------- --------------
Deferred tax asset:
Deferred noncurrent tax asset $ 1,953,693 $ 1,807,740
Valuation allowance (1,953,693) (1,807,740)
------------- --------------
Total - -
============== ==============
e. Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements
and accompanying notes. In these financial statements, assets, liabilities
and earnings involve extensive reliance on managements estimates. Actual
results could differ from those estimates.
f. Earning (loss) per share
Net loss per share is provided in accordance with Statement of Financial
Accounting Standards (SFAS) No. 128 Earnings Per Share. Basic loss per
share for each period is computed by dividing net loss by the weighted
average number of shares of common stock outstanding during the period.
Diluted loss per share is computed in a manner consistent with that of
basic loss per share while giving effect to all potentially dilutive common
shares that were outstanding during the period. The number of additional
shares is calculated by assuming that outstanding stock options were
exercised and that the proceeds from such exercises were used to acquire
shares of common stock at the average market price during the reporting
period. The weighted averages for the years ended December 31, 2003, and
2002, and from inception reflect the reverse stock split of 1:200 that was
approved by the board of directors in July 2001, the 1:143 reverse stock
split effective July 16, 2003 and the 2:1 forward split on September 15,
2003.
The computation of earnings (loss) per share of common stock is based on
the weighted average number of shares outstanding at the date of the
financial statements. Outstanding employee warrants have been considered in
the fully diluted earnings per share calculation in 2005 and 2004.
-8-
<PAGE>
June 30,
------------------------------
2005 2004
-------------- --------------
Basic Earnings Per Share $ (159,546) $ (142,187)
Income (Loss) (numerator) 51,820,458 19,120,458
-------------- --------------
Shares (denominator) $ (.00) $ (.01)
============== ==============
Fully Diluted Earnings Per Share $ (159,546) $ (142,187)
Income (Loss) (numerator) 51,820,458 19,120,458
-------------- --------------
Shares (denominator) $ (.00) $ (.01)
============== ==============
NOTE 2 - New Technical Pronouncements
In January 2003, the Emerging Issues Task Force ("EITF") issued EITF Issue
No. 00-21, Accounting for Revenue Arrangements with Multiple Deliverables.
This consensus addresses certain aspects of accounting by a vendor for
arrangements under which it will perform multiple revenue-generating
activities, specifically, how to determine whether an arrangement involving
multiple deliverables contains more than one unit of accounting. EITF Issue
No. 00-21 is effective for revenue arrangements entered into in fiscal
periods beginning after June 15, 2003, or entities may elect to report the
change in accounting as a cumulative-effect adjustment. The adoption of
EITF Issue No. 00-21 did not have a material impact on the Company`s
financial statements.
In January 2003, the FASB issued Interpretation ("FIN") No. 46,
Consolidation of Variable Interest Entities. Until this interpretation, a
company generally included another entity in its consolidated financial
statements only if it controlled the entity through voting interests. FIN
No. 46 requires a variable interest entity, as defined, to be consolidated
by a company if that company is subject to a majority of the risk of loss
from the variable interest entity`s activities or entitled to receive a
majority of the entity`s residual returns. FIN No. 46 is effective for
reporting periods ending after December 15, 2003. The adoption of FIN No.
46 did not have an impact on the Company`s financial statements.
In April 2003, the FASB issued SFAS No. 149, Amendment of Statement 133 on
Derivative Instruments and Hedging Activities, which amends and clarifies
accounting for derivative instruments, including certain derivative
instruments embedded in other contracts, and for hedging activities under
SFAS No. 133. SFAS No. 149 is effective for contracts entered into or
modified after June 30, 2003 and for hedging relationships designated after
June 30, 2003. The adoption of SFAS No. 149 will not have an impact on the
Company`s financial statements.
-9-
<PAGE>
In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial
Instruments with Characteristics of both Liabilities and Equity. SFAS No.
150 changes the accounting guidance for certain financial instruments that,
under previous guidance, could be classified as equity or "mezzanine"
equity by now requiring those instruments to be reported as liabilities.
SFAS No. 150 also requires disclosure relating to the terms of those
instruments and settlement alternatives. SFAS No. 150 is generally
effective for all financial instruments entered into or modified after May
31, 2003, and is otherwise effective at the beginning of the first interim
period beginning after June 15, 2003. The adoption of SFAS No. 150 did not
have an impact on the Company`s financial statements.
In December 2003, the SEC issued SAB No. 104. SAB No. 104 revises or
rescinds portions of the interpretative guidance included in Topic 13 of
the codification of staff accounting bulletins in order to make this
interpretive guidance consistent with current authoritative accounting and
auditing guidance and SEC rules and regulations. It also rescinds the
Revenue Recognition in Financial Statements Frequently Asked Questions and
Answers document issued in conjunction with Topic 13. Selected portions of
that document have been incorporated into Topic 13. The adoption of SAB No.
104 in December 2003 did not have an impact on the Company`s financial
position, results of operations or cash flows.
In November 2004, the FASB issued SFAS No. 151, Inventory Costs--an
amendment of ARB No. 43, Chapter 4 This Statement amends the guidance in
ARB No. 43, Chapter 4 Inventory Pricing. SFAS No. 151 clarifies the
accounting for abnormal amounts of idle facility expense, freight, handling
costs, and wasted material (spoilage). SFAS No. 149 is effective for
inventory costs incurred during fiscal years beginning after June 15, 2005.
The adoption of SFAS No. 151 will not have an impact on the Company`s
consolidated financial statements.
In December 2004, the FASB issued SFAS No. 152, Amendment of FASB Statement
No. 66, Accounting for Sales of Real Estate, which references the financial
accounting and reporting guidance for real estate time-sharing transactions
that is provided in AICPA Statement of Position. This Statement also amends
FASB Statement No. 67, Accounting for Costs and Initial Rental Operations
of Real Estate Projects, to state that the guidance for incidental
operations and costs incurred to sell real estate projects does not apply
to real estate time-sharing transactions. SFAS No. 152 is effective for
financial statements for fiscal years beginning after June 15, 2005. The
adoption of SFAS No. 152 will not have an impact on the Company`s
consolidated financial statements.
-10-
<PAGE>
In May 2005, the FASB issued SFAS No. 154, Accounting Changes and Error
Corrections. This Statement replaces APB No. 20, Accounting Changes and
FASB No. 3, Reporting Accounting Changes in Interim Financial Statements,
and changes the requirements for the accounting for and reporting of a
change in accounting principle. This Statement applies it all voluntary
changes in accounting principle. It also applies to changes required by an
accounting pronouncement in the unusual instance that the pronouncement
includes specific transition provisions. When a pronouncement includes
specific transition provisions, those provisions should be followed. This
Statement requires retrospective application to prior periods` financial
statements of changes in accounting principle, unless it is impracticable
to determine either the period-specific effects or the cumulative effect of
the change. The adoption of SFAS No. 154 did not have an impact on the
Company`s consolidated financial statements.
NOTE 3 - Stock Options
The Company applies APB Opinion 25 and related interpretations in
accounting for its stock option plans. No compensation cost has been
recognized during the period ended March 31, 2005. Deferred compensation is
recorded only when the market price exceeds the option price at the grant
date. Compensation is recorded using the straight-line method over the
vesting period.
In September 2001 the Company issued an option to purchase 13,986 shares of
common stock at $0.10 per share to a Director of the Company. The Company
accrued $400,000 in deferred compensation costs, as the option price at the
grant date was less than the market price. The option expires in September
2006. The compensation cost will be accrued over the vesting period.
Compensation costs of $0 and $0 were included in the statements of
operation for the period ended March 31, 2005 and the year ended December
31, 2004, respectively.
In September 2003 the Company issued an option to purchase 699,301 shares
of common stock at $0.21 per share to a Director of the Company. The
Company did not accrue any deferred compensation costs, as the option price
was greater that the market price on the date of grant. The option expires
in July 2011. Had compensation cost for the Company`s stock-based
compensation plan been determined based on the fair value at the grant date
for awards under those plans consistent with the method of FASB Statement
123, the Company`s net loss and loss per share would have been increased to
the pro forma amounts indicated below:
-11-
<PAGE>
June 30, December 31,
2005 2004
--------------- ---------------
Net loss:
As reported $ (159,546) $ 413,190
Pro forma $ (160,703) $ 415,504
Loss per share:
As reported $ - $ .02
Pro forma $ - $ .02
The Company has determined the pro-forma information as if the Company had
accounted for the stock option granted on July 1, 2003, under the fair
value method of SFAS 123. The Black-Scholes option-pricing model was used
with a risk free interest rate of 4% for March 31, 2005 and December 31,
2004; dividend yield of 0.0% for March 31, 2005 and December 31, 2004; a
volatility factor of 220% and 182% for March 31, 2005 and December 31, 2004
respectively, and an expected life of 8 years. The fair value of the stock
options granted in July 2003 is $0.01 per share. If the Company had
recognized deferred compensation cost based on the fair value method, it
would have increased deferred compensation by $579 for the period ended
March 31, 2005 and $6,941 for the year ended December 31, 2004. It would
also have increased the compensation cost for the period ended March 31,
2005 by $579 and for the year ended December 31, 2004 by $2,314.
NOTE 4 - Related Party Transactions
During the years ended December 31, 2004, and 2003, the Company charged
$38,285, and $37,500 respectively, to consulting expense, and $0 and
$80,000, respectively, to legal fees for services rendered by directors or
stockholders of the Company. Outstanding balances payable for consulting
and legal fees to these related parties were $450,465 and $450,465 at
December 31, 2004, and 2003, respectively.
The President of Anglotajik Minerals, Inc. advanced the Company funds to
pay expenses. During the year ended December 31, 2003, travel and other
office expenses of $62,073 were paid by an officer.
In May 2003 the Company issued 13,986 shares of its common stock to the
officer pursuant to a stock option dated September 1, 2001. This issuance
relieved officer advances payable and consulting fees payable by $31,900
and $68,100, respectively.
In July 2003 the Board of Directors authorized the issuance of 286,713
restricted common shares to the President to relieve the shareholder
advance of $48,773 and for a receivable of $51,227 from the President.
-12-
<PAGE>
During the third quarter of 2003, the President was the only member of the
Board of Directors. In July 2003 the Company issued an option to purchase
699,301 shares of common stock at $0.21 per share to a Director of the
Company. Also in July 2003 a signing bonus of $100,000 was paid to the
President via the issuance of 279,720 shares of restricted common stock.
Wages payable to the President of $120,000 for 3rd and 4th quarter of 2003
were accrued during the 2003 year. Additionally $252,000 in wages payable
to the President was accrued during the 2004 year. During the first quarter
of 2005, the President accrued wages in the amount of $66,000.
During the year ended December 31, 2003, the Company issued a total of
16,999,984 common shares to each of the shareholders to whom interest was
due on an old line of credit. The issuance of these shares relieved the
entire outstanding payable of $150,519.
During the three months ending March 31, 2005, the company issued
24,867,132 restricted common shares in lieu of the company`s debts to the
President of $386,773 for wages payable, $47,375 for advances from
shareholders, and $47,047 for accrued vacation. The total amount of the
debt to the President was $481,195 of which $58,454 of the debt was
forgiven.
NOTE 5 - Stockholders` Equity
In July 2003 the Board of Directors authorized the issuance of 286,713
restricted common shares to the President in exchange for a shareholder
advance of $48,773 and a receivable from the President of $51,227. The
President is the only member of the Board of Directors. Also in July 2003 a
signing bonus of $100,000 was paid to the President via the issuance of
279,720 shares of restricted common stock.
In July 2003 a reverse stock split of 1:143 was authorized by the Board of
Directors, and the number of authorized shares was increased to 300
million. The financial statements have been retroactively restated to
reflect the reverse stock split.
In August 2003 the Company issued 16,999,984 common shares to the
shareholders to whom interest was due on the line of credit. The issuance
of these shares relieved the entire outstanding payable of $150,519.
In September 2003 a 2:1 forward stock split was authorized by the Board of
Directors. The financial statements have been retroactively restated to
reflect the forward stock split.
On October 13, 2003 the board of directors authorized the issuance of
1,000,000 shares of restricted common stock to a law firm for services
valued at $370,000.
-13-
<PAGE>
During the three months ending March 31, 2005 the company issued 3,916,434
restricted common shares in exchange for printing and reproductions
expenses of $35,237, as well as, 3,916,434 restricted common shares in
exchange for consulting expenses of $ 34,285. Also the company issued
24,867,132 restricted common shares in lieu of the company`s debts to the
President of $386,773 for wages payable, $47,375.66 for advance from
shareholder, and $47,047 for vacation accrued. The total amount of the debt
to the President was $481,195 of which $58,454 of the debt was forgiven.
NOTE 6 - Commitments and Contingencies
There are various claims and lawsuits pending against the Company arising
in the normal course of the Company`s business. Although the amount of
liability at December 31, 2003, cannot be ascertained, management is of the
opinion that any resulting liability will not materially affect the
Company`s financial position.
Merrill Lynch Canada Inc. has filed suit against the Company regarding a
dispute related to the sale of its restricted common stock by an unrelated
third party to Merrill Lynch. At this time the Company does not know if it
will sustain a loss, or the amount of the loss.
The Company settled an action by a bank regarding an overdraft. The
settlement carried an interest rate of 9.0% and twelve monthly payments of
$3,321. The Company made three payments before defaulting on this
settlement. The amount due as of March 31, 2005 is $28,343. Related
interest of $7,881 has also been accrued by the Company.
Item 2 - Management`s Discussion and Analysis or Plan of Operation
NOTE: The following discussion and analysis should be read in conjunction with
the Company`s Interim Financial Statements (unaudited) and the Notes to the
Financial Statements for the six month period ended June 30, 2005.
Uncertainty as to Certain Accounts Payable
We have reviewed, and continue to review our corporate files, books and records,
but remain unable to conclusively identify a basis or certain amount of our
Accounts Payable and for the Related Parties Payable to previous management
carried on our books. We are continuing to attempt to locate invoices or other
documentation regarding those payables.
Six Months Ended June 30, 2005 versus 2004
Operating expenses for the period increased slightly to $158,270 in 2005
compared to $142,187 for the comparable period in 2004. As the company had no
cash resources, expenses were funded by issuance of common stock, by loans
subsequently settled by the issuance of our common stock, and by an increase in
the Related Party Payable account.
-14-
<PAGE>
Plan of Operation
We currently have no cash or sources of cash to fund operations. We have
suspended our proposed activities in mineral exploration in the Republic of
Tajikistan because of our inability to secure funding, and are currently
exploring other business opportunities. Our ability to resume mineral
exploration, or to acquire or start another business, will likely depend upon
our success in raising capital through stock sales or some other means, of which
we cannot be certain.
PART II - OTHER INFORMATION
Item 1 - Legal Proceedings
There are various claims and lawsuits pending against the Company arising in the
normal course of the Company`s business. Although the amount of liability at
September 30, 2003, cannot be ascertained, management is of the opinion that any
resulting liability will not materially affect the Company`s financial position.
See Note 6 to the Interim Financial Statements.
Item 2 - Changes in Securities
None.
Item 3 - Defaults Upon Senior Securities
None.
Item 4 - Submission of Matters to a Vote of Security Holders
None.
Item 5 - Other Information
None.
Item 6 - Exhibits and Reports on Form 8-K
None.
The following exhibits are filed herewith:
Ex. 31 Certification of CEO / CFO
Ex. 32 Certification of CEO / CFO
In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
ANGLOTAJIK MINERALS INC.
June 30, 2005 /s/ Matthew Markin
------------------ -----------------------------------------
Dated President, Acting Chief Financial Officer
-16-
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>2
<FILENAME>ajkm10qsb0605ex31.txt
<DESCRIPTION>CERTIFICATION OF CEO / CFO
<TEXT>
[EXHIBIT 31.1]
CERTIFICATION
I, Matthew Markin, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Anglotajik Minerals
Inc.;
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;
4. The registrant`s other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:
a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this annual report is
being prepared;
b) evaluated the effectiveness of the registrant`s disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this annual report (the "Evaluation Date"); and
c) presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant`s other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant`s auditors and the audit committee of
registrant`s board of directors (or persons performing the equivalent function):
a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant`s ability to
record, process, summarize and report financial data and have
identified for the registrant`s auditors any material weaknesses in
internal controls; and
b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant`s
internal controls; and
6. The registrant`s other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.
Date: June 30, 2005
/s/ Matthew Markin
-------------------------------------
President and CEO
Acting Chief Financial Officer
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>3
<FILENAME>ajkm10qsb0605ex32.txt
<DESCRIPTION>CERTIFICATION OF CEO / CFO
<TEXT>
[EXHIBIT 32]
CERTIFICATION
Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report of Anglotajik Minerals Inc. (the
"Company") on Form 10-QSB for the period ended June 30, 2005 as filed with
the Securities and Exchange Commission on the date hereof (the "Report), Matthew
Markin, as Principal Executive Officer and Chief Financial Officer of the
Company hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of his
knowledge, that:
(1) the Report fully complies with the requirements of section 13(a) of the
Securities Exchange Act of 1934; and
(2) the information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
Date: June 30, 2005
Signed:
/s/ Matthew Markin
----------------------------------
President, Chief Executive Officer,
Chief Executive Officer
</TEXT>
</DOCUMENT>
</SUBMISSION>
Ask schon bei 0,025 $
Ask bei 0,028 $
Heute 110 % im plus,Kurs 0,01 $
[posting]18.558.191 von frank55 am 03.11.05 16:47:11[/posting]Schau mal unter www.tajuk.co.uk Name hat geändert, bin schon dabei, wenn hier was geht dann
Sehr interessant,danke für den Tip,werde die Site im Auge behalten
Gestern gings steil nach oben,heute die andere Richtung wieder runter
Antwort auf Beitrag Nr.: 21.243.331 von frank55 am 19.04.06 18:33:43Hast du die Zahlen vom IKAR Gebiet gelesen !! wenn die loslassen geht hier die Post ab , bin soo long
mflg anwel
mflg anwel
ANGLOTAJIK MINERALS INC - Nasdaq National Market: AJKM
Real-time ECN Quote*
Last Change (%) After Hours Chg (%)** Trade Time Bid Ask
-- -- -- -- -- --
--------------------------------------------------------------------------------
Exchange QuoteLast Change (%) Trade Time Bid (size) Ask (size)
0.009 0.0025 (38.46) 12:40 0.008 (50) 0.009 (100)
Latest Ticks Prev Close Open Low High
===+ 0.0065 0.0065 0.0065 0.009
Day Volume Avg Day Vol VWAP 52 Wk Low 52 Wk High
278,000 545,700 0.0076 0.0032 0.03
# of Trades Last Size Avg Trade Size P/E Ratio Market Cap (mil)
13 5,000 21,385 0 0
Mal wieder 100 %,mal sehen,obs diesmal hält
Real-time ECN Quote*
Last Change (%) After Hours Chg (%)** Trade Time Bid Ask
-- -- -- -- -- --
--------------------------------------------------------------------------------
Exchange QuoteLast Change (%) Trade Time Bid (size) Ask (size)
0.009 0.0025 (38.46) 12:40 0.008 (50) 0.009 (100)
Latest Ticks Prev Close Open Low High
===+ 0.0065 0.0065 0.0065 0.009
Day Volume Avg Day Vol VWAP 52 Wk Low 52 Wk High
278,000 545,700 0.0076 0.0032 0.03
# of Trades Last Size Avg Trade Size P/E Ratio Market Cap (mil)
13 5,000 21,385 0 0
Mal wieder 100 %,mal sehen,obs diesmal hält
CORPORATE NEWS – MAY 4, 2006
COMPANY INITIATES $1,250,000.00 PRIVATE PLACEMENT
Aldershot UK.-TajUK PLC, Management has authorized a capital raise of up to $1.25M (US) by way
of a Private Placing @ 25 cents per share (14.25p). The proceeds of this raise will be used to facilitate a
16 hole (twinning) drill programme and to initiate further exploration on mining interests currently held
under agreement in Tajikistan. The programme is to commence June, 2006. In addition, proceeds will be
used to complete a competent persons report (CPR). This report will be conducted after completion of the
drill programme and prior to an application for listing on the AIM Stock Market, London UK.
Private Placement Shares are available to professional investors, institutional investors and certified high
net worth investors. The minimum investment is 100,000 shares (£14,250). For further information and/or
a copy of the Private Placement Memorandum and subscription agreement, (available to no more than 99
subscribers), please email Randall Andrus at info@tajuk.co.uk
TajUK Plc. is a UK registered resource exploration company, focused on the exploration and
advancement of mineral assets in Tajikistan. The Company is currently developing exploration strategies
in co-operation with the Department of Tajikgeology and the Government of the Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1483 813611
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
This news release may contain forward-looking statements.. Readers are cautioned that the forward- looking statements are
inherently uncertain, including statements related to possible opportunities for strategic growth and other statements that are not
statements of historical fact or that are based on management’s estimates, assumptions, projections or beliefs. The forwardlooking statements in this news release are subject to various risks, uncertainties and other factors that could cause TajUK Plc.
actual results or achievements to differ materially from those expressed in or implied by forward looking statements. Forwardlooking statements are based on the beliefs, opinions and expectations of TajUK Plc. management at the time they are made, and
TajUK Plc. does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or
other circumstances, should change. Readers are cautioned not to place undue reliance on forward-looking statements.
Die wollen an die AIM könnte noch was werden.
gruss anwel
COMPANY INITIATES $1,250,000.00 PRIVATE PLACEMENT
Aldershot UK.-TajUK PLC, Management has authorized a capital raise of up to $1.25M (US) by way
of a Private Placing @ 25 cents per share (14.25p). The proceeds of this raise will be used to facilitate a
16 hole (twinning) drill programme and to initiate further exploration on mining interests currently held
under agreement in Tajikistan. The programme is to commence June, 2006. In addition, proceeds will be
used to complete a competent persons report (CPR). This report will be conducted after completion of the
drill programme and prior to an application for listing on the AIM Stock Market, London UK.
Private Placement Shares are available to professional investors, institutional investors and certified high
net worth investors. The minimum investment is 100,000 shares (£14,250). For further information and/or
a copy of the Private Placement Memorandum and subscription agreement, (available to no more than 99
subscribers), please email Randall Andrus at info@tajuk.co.uk
TajUK Plc. is a UK registered resource exploration company, focused on the exploration and
advancement of mineral assets in Tajikistan. The Company is currently developing exploration strategies
in co-operation with the Department of Tajikgeology and the Government of the Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1483 813611
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
This news release may contain forward-looking statements.. Readers are cautioned that the forward- looking statements are
inherently uncertain, including statements related to possible opportunities for strategic growth and other statements that are not
statements of historical fact or that are based on management’s estimates, assumptions, projections or beliefs. The forwardlooking statements in this news release are subject to various risks, uncertainties and other factors that could cause TajUK Plc.
actual results or achievements to differ materially from those expressed in or implied by forward looking statements. Forwardlooking statements are based on the beliefs, opinions and expectations of TajUK Plc. management at the time they are made, and
TajUK Plc. does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or
other circumstances, should change. Readers are cautioned not to place undue reliance on forward-looking statements.
Die wollen an die AIM könnte noch was werden.
gruss anwel
CORPORATE NEWS – MAY 1ST, 2006
RECENT TRAVEL AND CORPORATE UPDATE
Aldershot UK.-TajUK PLC, management is pleased to announce that the Company is still on pace to
initiate their 8 hole drill program in late May, early June. Weather conditions still remain a determining
factor and ultimately will dictate our exact “on-site” preparation schedule.
The Company has been in discussions with several Exploration Drilling Companies and will commit to
a final decision in the very near future. Most significant to this decision is the logistics of securing a drill
rig and drill crew within the most economic traveling distance to the site.
Management has recently arrived back from Dushanbe after spending several days in discussions with
the Ministry of Foreign Affairs, Minister of Industry, the Chief of Tajikgeology and their departmental
geologists and engineers. This trip also enabled management to formally complete all formal corporate
registration and application documents which have now been officially recognized and accepted into the
Country’s foreign corporation registry. This is a process which takes several months of legal work to
complete and must be approved by the Ministry of Foreign Affairs, Ministry of Industry, Tajikgeology
and the British Embassy in Dushanbe.
In further news, preparation equipment, supplies etc., are currently being acquired and will be stored in
Dushanbe until the weather permits shipping to the site. “We are excited to finally get back to the
property and begin to put our plan into effect. We are confident in what this deposit will have to offer as
we move forward. Our initial focus is to re-confirm the previous Pamir Expedition and Soviet
Geologists / Engineers calculations under methods now approved by Western standards.” states George
Al Zein, President, TajUK Dushanbe. “It remains our view that all previous works, drill cores, assays
and documented results indicate that this deposit will prove to be a deposit of significant merit.”
TajUK Plc. is a UK registered resource exploration company, focused on the exploration and advancement of
mineral assets in Tajikistan. The Company is currently developing exploration strategies in co-operation with the
Department of Tajikgeology and the Government of the Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1483 813611
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
gruss anwel
RECENT TRAVEL AND CORPORATE UPDATE
Aldershot UK.-TajUK PLC, management is pleased to announce that the Company is still on pace to
initiate their 8 hole drill program in late May, early June. Weather conditions still remain a determining
factor and ultimately will dictate our exact “on-site” preparation schedule.
The Company has been in discussions with several Exploration Drilling Companies and will commit to
a final decision in the very near future. Most significant to this decision is the logistics of securing a drill
rig and drill crew within the most economic traveling distance to the site.
Management has recently arrived back from Dushanbe after spending several days in discussions with
the Ministry of Foreign Affairs, Minister of Industry, the Chief of Tajikgeology and their departmental
geologists and engineers. This trip also enabled management to formally complete all formal corporate
registration and application documents which have now been officially recognized and accepted into the
Country’s foreign corporation registry. This is a process which takes several months of legal work to
complete and must be approved by the Ministry of Foreign Affairs, Ministry of Industry, Tajikgeology
and the British Embassy in Dushanbe.
In further news, preparation equipment, supplies etc., are currently being acquired and will be stored in
Dushanbe until the weather permits shipping to the site. “We are excited to finally get back to the
property and begin to put our plan into effect. We are confident in what this deposit will have to offer as
we move forward. Our initial focus is to re-confirm the previous Pamir Expedition and Soviet
Geologists / Engineers calculations under methods now approved by Western standards.” states George
Al Zein, President, TajUK Dushanbe. “It remains our view that all previous works, drill cores, assays
and documented results indicate that this deposit will prove to be a deposit of significant merit.”
TajUK Plc. is a UK registered resource exploration company, focused on the exploration and advancement of
mineral assets in Tajikistan. The Company is currently developing exploration strategies in co-operation with the
Department of Tajikgeology and the Government of the Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1483 813611
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
gruss anwel
CORPORATE NEWS –MAY 29TH, 2006
MANAGEMENT ENTERS PRELIMINARY NEGOTIATIONS
Aldershot UK.-TajUK PLC, Management announces that they have entered into preliminary negotiations with
representatives of REGION INVEST of Moscow. REGION INVEST currently holds license to the Maykhura
Tungsten deposit and Takob Mill and Refinery. This Tungsten deposit is located 95 km NW of Dushanbe, the
Capital City of Tajikistan. As well, Takob, an operational refinery and mill located within 20 KM of the
Maykhura site has been presented to TajUK Management. An option to participate in this project on a jointventure basis is also being reviewed.
The Maykhura Deposit was previously developed as a mining operation and has significant exploration
possibilities. If an agreement can be reached, TajUK Management believes this deposit could be brought into a
fully operating Tungsten mine within the year. Tailings from previously mined ore at the Maykhura deposit, total
over 500,000 metric tonnes and are available for immediate milling at the Takob Refinery. Upgrading of the
Takob refinery would be required to allow for the milling of Tungsten ore, but after preliminary review, it is
thought to be an economically feasible proposition. Management has been on site and a review of the 90 page
Tajikgeology documentation, translated into English, is currently under independent review.
Current Maykhura C1 and C2 reserves, combined with those reserves currently under license to Tajuk PLC at the
IKAR deposit, would strengthen TajUK PLC’s international position in Tungsten Mining and Exploration.
Management is optimistic that an agreement can be reached that would allow for TajUK PLC to position itself as
a revenue generating mining and exploration company within the next 12 months.
TajUK Plc. is a UK registered resource exploration company, focused on the exploration and advancement of
mineral assets in Tajikistan. The Company is currently developing exploration strategies in co-operation with the
Department of Tajikgeology and the Government of the Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1252 352399
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
This news release may contain forward-looking statements.. Readers are cautioned that the forward- looking statements are inherently
uncertain, including statements related to possible opportunities for strategic growth and other statements that are not statements of
historical fact or that are based on management’s estimates, assumptions, projections or beliefs. The forward-looking statements in this
news release are subject to various risks, uncertainties and other factors that could cause TajUK Plc. actual results or achievements to
differ materially from those expressed in or implied by forward looking statements. Forward-looking statements are based on the beliefs,
opinions and expectations of TajUK Plc. management at the time they are made, and TajUK Plc. does not assume any obligation to update
its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Readers are cautioned not
to place undue reliance on forward-looking statements.
Mal sehen wies weitergeht
mflg anwel
MANAGEMENT ENTERS PRELIMINARY NEGOTIATIONS
Aldershot UK.-TajUK PLC, Management announces that they have entered into preliminary negotiations with
representatives of REGION INVEST of Moscow. REGION INVEST currently holds license to the Maykhura
Tungsten deposit and Takob Mill and Refinery. This Tungsten deposit is located 95 km NW of Dushanbe, the
Capital City of Tajikistan. As well, Takob, an operational refinery and mill located within 20 KM of the
Maykhura site has been presented to TajUK Management. An option to participate in this project on a jointventure basis is also being reviewed.
The Maykhura Deposit was previously developed as a mining operation and has significant exploration
possibilities. If an agreement can be reached, TajUK Management believes this deposit could be brought into a
fully operating Tungsten mine within the year. Tailings from previously mined ore at the Maykhura deposit, total
over 500,000 metric tonnes and are available for immediate milling at the Takob Refinery. Upgrading of the
Takob refinery would be required to allow for the milling of Tungsten ore, but after preliminary review, it is
thought to be an economically feasible proposition. Management has been on site and a review of the 90 page
Tajikgeology documentation, translated into English, is currently under independent review.
Current Maykhura C1 and C2 reserves, combined with those reserves currently under license to Tajuk PLC at the
IKAR deposit, would strengthen TajUK PLC’s international position in Tungsten Mining and Exploration.
Management is optimistic that an agreement can be reached that would allow for TajUK PLC to position itself as
a revenue generating mining and exploration company within the next 12 months.
TajUK Plc. is a UK registered resource exploration company, focused on the exploration and advancement of
mineral assets in Tajikistan. The Company is currently developing exploration strategies in co-operation with the
Department of Tajikgeology and the Government of the Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1252 352399
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
This news release may contain forward-looking statements.. Readers are cautioned that the forward- looking statements are inherently
uncertain, including statements related to possible opportunities for strategic growth and other statements that are not statements of
historical fact or that are based on management’s estimates, assumptions, projections or beliefs. The forward-looking statements in this
news release are subject to various risks, uncertainties and other factors that could cause TajUK Plc. actual results or achievements to
differ materially from those expressed in or implied by forward looking statements. Forward-looking statements are based on the beliefs,
opinions and expectations of TajUK Plc. management at the time they are made, and TajUK Plc. does not assume any obligation to update
its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Readers are cautioned not
to place undue reliance on forward-looking statements.
Mal sehen wies weitergeht
mflg anwel
Antwort auf Beitrag Nr.: 21.878.797 von anwel am 30.05.06 20:17:56Habt ihr es immer noch nicht kapiert?
TajUK PLC ist nicht Anglotajik Minerals Inc.
Letztere ist nur noch ein Börsenmantel (shell company).
Die TajUK PLC ist meines Wissens nicht mal börsennotiert.
TajUK PLC ist nicht Anglotajik Minerals Inc.
Letztere ist nur noch ein Börsenmantel (shell company).
Die TajUK PLC ist meines Wissens nicht mal börsennotiert.
Antwort auf Beitrag Nr.: 21.879.389 von borazon am 30.05.06 21:08:01Ich stell dir das nochmal rein.
Bei mir im Depot ist diese Aktie und keine andere und im moment in USA bei 0.015 + 60% geht aber heute rauf und runter.
CORPORATE NEWS – OCTOBER 19TH, 2005
TAJUK FORMALLY ACQUIRES TRANSFER OF ASSETS
Aldershott UK.-TajUK Plc.-The Company announces that as of today, October 19th,
2005 all corporate assets including all licenses and rights for exploration and mining in
the former Soviet State of Tajikistan previously held in the name of AngloTajik Minerals
Inc., of Nevada, USA, have now been officially transferred to the ownership of TajUK
Plc.
TajUK Plc., a UK registered resource exploration company, is focused on the exploration and
advancement of mineral assets in Tajikistan. The Company is currently developing exploration
strategies in co-operation with the Department of Tajikgeology and the Government of the
Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1483 813611
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
This news release may contain forward-looking statements.. Readers are cautioned that the forward- looking statements are inherently
uncertain, including statements related to possible opportunities for strategic growth and other statements that are not statements of
historical fact or that are based on management’s estimates, assumptions, projections or beliefs. The forward-looking statements in
this news release are subject to various risks, uncertainties and other factors that could cause TajUK Plc. actual results or
achievements to differ materially from those expressed in or implied by forward looking statements. Forward-looking statements are
based on the beliefs, opinions and expectations of TajUK Plc management at the time they are made, and TajUK Plc. does not assume
any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should
change. Readers are cautioned not to place undue reliance on forward-looking statements.
Bei mir im Depot ist diese Aktie und keine andere und im moment in USA bei 0.015 + 60% geht aber heute rauf und runter.
CORPORATE NEWS – OCTOBER 19TH, 2005
TAJUK FORMALLY ACQUIRES TRANSFER OF ASSETS
Aldershott UK.-TajUK Plc.-The Company announces that as of today, October 19th,
2005 all corporate assets including all licenses and rights for exploration and mining in
the former Soviet State of Tajikistan previously held in the name of AngloTajik Minerals
Inc., of Nevada, USA, have now been officially transferred to the ownership of TajUK
Plc.
TajUK Plc., a UK registered resource exploration company, is focused on the exploration and
advancement of mineral assets in Tajikistan. The Company is currently developing exploration
strategies in co-operation with the Department of Tajikgeology and the Government of the
Republic of Tajikistan.
TajUK Plc.
Head Office:
Victoria House
Victoria Road,
Aldershot GU11 1EJ
Hampshire
Telephone: +441252 352302
Facsimile: +44 1483 813611
e-mail: info@tajuk.co.uk
www.tajuk.co.uk
This news release may contain forward-looking statements.. Readers are cautioned that the forward- looking statements are inherently
uncertain, including statements related to possible opportunities for strategic growth and other statements that are not statements of
historical fact or that are based on management’s estimates, assumptions, projections or beliefs. The forward-looking statements in
this news release are subject to various risks, uncertainties and other factors that could cause TajUK Plc. actual results or
achievements to differ materially from those expressed in or implied by forward looking statements. Forward-looking statements are
based on the beliefs, opinions and expectations of TajUK Plc management at the time they are made, and TajUK Plc. does not assume
any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should
change. Readers are cautioned not to place undue reliance on forward-looking statements.
Schluss 0.0115 + 43.75%
Gehandelte Stücke 5.45 Mio. absoluter super Umsatz
mflg anwel
Gehandelte Stücke 5.45 Mio. absoluter super Umsatz
mflg anwel
Antwort auf Beitrag Nr.: 21.880.476 von anwel am 30.05.06 22:37:24Hier das neuste aus AJKM wird ICNR Intercontinental Res.
Wird immer Interessanter!!
mflg anwel
Wird immer Interessanter!!
mflg anwel
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