Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

No.......it's bad short term. All that is needed for the debt settlement is completed paperwork and a sign off. The dali visit screwed things up....for the other situations.

First...cash loans via China to support the railway
Second....how this effects the Shenhua relationship with Tavan Tolgoi(consortium)

The IMF loan looks good though....but in the mean time look for downward pressure and a major buying opportunity. I was hesitating on Friday given Thursday nights action. Last night was a confirm to me.... so today I clipped.



I'm pissed and excited at the same time. China acts like a bunch of 8 year olds' when it comes to the Dali Lama. It's temporary...but when things should be ready to explode....we are going to see the opposite.... It was an easy sit and wait...but now it's an anxious one with some uncertainty as to "how long".

I am looking for an early .028 target...and lower with the ADR price....and expecting HK to breach below that .22 mark. But that could change quickly if Mongolia and China repair things fast. Anxious to see what tonight brings! it will become a great buying opportunity...hoping that is!!!

p.s....the next court date is this coming Monday..ha! That's the irony of it all...