Mongolian Mining Corp. (MOGLF)

[Ponch73]

Spending some time reading the annual reports today, and I've been pleasantly surprised. Level of disclosure is very good, and the company's commitment to workplace safety appears strong. Some other interesting takeaways:

1. Bad hipster haircut CEO has 60M options (issued in June 2015) with a strike price of $0.445 HKD. His annual salary looks to be about $3.2M HKD plus $250K USD in annual director's fees.

2. Non-director employees have 86.75M options at the same $0.445 HKD strike price.

3. It looks like OJ and Od own 7.191B (69.8%) of the 10.292B shares outstanding. Kerry Group owns 1.197B (11.6%) shares. Assuming that those figures are current, MMC's float is 1.904B shares. Upon issuance of new shares, bondholders held 54% of the float. Hopefully, they are selling into strong hands.