Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on April 15, 2010

/IRBIS April 15, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on April 15, 2010. Analysts of ASYL INVEST JSC identify the following significant developments in the markets: - Kentor Gold (KGL): treatment of the company to shareholders and the project Andash. Kentor Gold, an Australian mining company whose shares are traded on the stock exchange in Australia, yesterday published an appeal to the CEO to investors, which described the situation in Kyrgyzstan, and expressed confidence in the stability of the plans for the implementation of planned activities on the copper-gold deposit Andash in which it has 90% stake. The company said that is the last stage of the process of hiring the equipment needed for construction and still plans to begin commercial production in 2011. Previously, the company reported that work on the field of gold-copper Andash is not affected by the situation in Kyrgyzstan. In late March the company announced the final results of the feasibility study for gold-copper Andash deposit. Following feasibility studies, project field Andash implies an average gold content in ore at about 0.7-1.2 grams per ton. At the same time cash costs per ounce of metal is expected to be only $ 38 (including the payment of royalties). The initial term of the deposit is estimated at 6.5 years, with annual production of 60 million ounces of gold and 6.8 tones of copper. When the capital costs of $ 102.4 million, with gold prices at $ 1000/unts and prices of copper at $ 2.75 / lb, NPV of the project is estimated at $ 107 million during yesterday's trading the company's stock was added to 19.32%. Analysts "Asyl INVEST does not recommend investors to make any purchase to stabilize the situation in the country. There are still risks of civil war in Kyrgyzstan. In addition, the analysts "Asyl INVEST believe that there is a chance to put under state control of large enterprises, as well as tightening of the tax regime in the country, which would adversely affect the company's profits. In addition, the analysts "ASYL INVEST notes that: - Halyk Bank paid the coupon on the bonds HSBKb8; - Ministry of Finance of Kazakhstan placed MEKKAM-12 release 106 at 2% per annum on the total amount of KZT16,1 billion - From tomorrow in the secondary market sector opens KASE trades in international bonds ATFBe6. Options bonds: output - $ 296.8 million, maturity date - 21/02/2014, semiannual coupon - 9.25% annual. This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-04-15]