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!Boom...now bring on the volume to the down side and let's get this over with so I can buy in...eh?....bring it!
You know..you are correct...they stated that they would provide such......?
It certainly can not be a bad report.
Ha!...that spread is a killer...eh?
It may get interesting tonight.
I think I may load in tomorrow and go against my gut. Then again....don't want it above two. Is it greed or just common sense.....to not want it above two(cents ADR)?
Put that together with this:
Bking Wednesday, 04/11/18 03:40:37 PM
Post # of 818
Great news!
On April 04/10/2018, MMC signed a 5 year contract with Jiayou International ( SHA:603871) and China Shenhua to supply 3mn ton HCC and 1mn ton HCC byproduct annually.
Note that for 2017, MMC sold ~3.6mn ton HCC. Now they secured another 3mn ton contract just with one party..
This is huge for MMC.
Ponch73 Wednesday, 04/11/18 07:19:37 PM
Re: Bking post# 804 0
Post # of 818
How are they going to get that much coal across the border? Do Jiayou or Shenhua have any pull with Chinese border control?
Ulaanbaatar /MONTSAME/ Erdenes Mongol LLC reports that Chinese side has added entrance lanes starting from April 16, enabling coal trucks to cross the Gants mod border checkpoint through three gates.
Previously, 1-2 lanes were operational and as a result of Prime Minister’s visit to China last week, Chinese part is taking measure to intensify coal transportation. The three gates allow 1100 vehicles to cross the border daily.
When the Prime Minister worked in the border checkpoint on April 13, there was 22 km long queue of coal trucks there.
150 trucks of border trade, 200 trucks of copper concentrate (Oyu Tolgoi LLC) and almost 120 trucks of coal cross the Gashuunsukhait and Gantsmod border checkpoints a day. Total of 138 thousand passengers, 18 thousand vehicles crossed the border in the first quarter of this year.
Improvement of entrance capacity of the checkpoint will bring positive influence to income of coal exporters such as Erdenes Tavan Tolgoi, Energy Resources, Tavan Tolgoi and their partner transportation companies.
ha!...."Then again, what do I know?" ...apparently...the same as me.
What is insane here is the quick decline during this news. Read it a couple of days ago......and expected the opposite. Keep crashing baby!...here:
http://montsame.mn/en/read/14598
1100 vehicles to cross Gashuun Sukhait border checkpoint daily
extracted: "Ulaanbaatar /MONTSAME/ Erdenes Mongol LLC reports that Chinese side has added entrance lanes starting from April 16, enabling coal trucks to cross the Gants mod border checkpoint through three gates.
Previously, 1-2 lanes were operational and as a result of Prime Minister’s visit to China last week, Chinese part is taking measure to intensify coal transportation. The three gates allow 1100 vehicles to cross the border daily."
Glad you didn't ..eh? Not saying it's failing on the lackluster uptrend......but in my honest opinion....it aint' pretty. Tanked early on tonight....and looks weak as hell. Hate to use the over used phrase.."dead cat bounce"..but it looks as though ...it was.
This is an understatement....."My Mongolia contact pointed out to me that the most recent quarter wasn't as bad as he was expecting, but that there seemed to be a lot of confused HK investors"
Down right shocking at what came after that report. I loved it(the financials)....and yet....timber. Maybe we have forgotten about that billion of shares put forth. It isn't the share count but the value of issuance vs current price at issuance. Profit that carries a given tax loss is a wonderful thing.
Agree completely. My issue is ....."why is the reverse so subtle compared to previous scenarios"?
Yeah....I think we are screwed though. It's early...but....may be reversing on the weekly close. I am with you...just can not take a chance on it reversing given recent activity....who knows..eh?
Damned if you do and damned if you don't..and so it goes.
Just give it a couple hours ..plus...before you decide :)
This is evidently a "trading range" type of equity..........but with that said...we must be missing something(lost in translation). Maybe it is a combination of things..etc. I just do not know "exactly" what it is.. but, I have some suspicions of such that I am not sure how to put forth for discussion.
As such......I do not want to buy the ADR above 2 cents. The low 2's have been tempting...but just need to be a bit more tempered..."be it"....greedy.
I think we just about hit the 52 week low..........so ....that's it. I hope it crashes through that....but this may be it.
So close tonight....hoping for a fall..!
Another damn holiday. You have to love Hong Kong though. It's the only "true" free market in the world. As such, they know how to take some time off.
This is getting scary given the volume and current share price. Not what you want to see at a bottom...be it...reversal.
Looks as though it started five trading days ago(hard)....and I called a reverse before that day....and that reversal was a one day event..ha! Looks as though it may reverse tonight....but I just can not add any weight to that. If the volume was less and declining..then I could. I guess just have to wait til tonight.
Meanwhile...the ADR has a rough 35% spread between ask/bid.......
I can't play into that.....and it's a drag.
Just put that in the header...."HKEX Holiday schedule"..should have been there long ago....
HK exchange closed tomorrow(I think)...eh? So this should be capitulation today(tonight)...eh?
This equity is approaching the 1 year low....and I am sure it is based on attitude towards the inept Government with regards to "you know what".
We are only a few HK ticks away from it..wow.
Look as though.... not. The ADR sucked today........didn't buy........and now a rough 5 point swing up........but would rather it fall another 10-20 points.
It's a "swing play" mainly in HK.....the ADR is a bit trickier. Seems the GOV' is more concerned about double listing in Mongolia and Hong Kong than establishing the Consortium and rail for Tavan!
There's the screw....eh?
Build the rail..for God's sake!
Insane.......yet wonderful.
I have no explanation for the past 10 trading days.......but those days killed "it" in the very short term.
It should have popped early. Last week destroyed the chart. All that is left nor is a new trend....be it trading channel.
Came close to buying the ADR today @ .023/024 .... but just couldn't. If HK drops Sunday night....I'll be in the right..if not...so be it.
And when I say this..:
Ignorant individuals that play these type of securities get played on a continual basis...and I love it.
It's just merely the ignorance of some and those that prey on such. Everything that I expected was surpassed and then some. Ignorant individuals that play these type of securities get played on a continual basis...and I love it.
If you look at the chart since Sept of 16'........it plays as a trading equity.......and some are missing that point. I can only hope that MOGLF stays at this level or falls further.
Please tell me what is upsetting with that financial...besides the production count. It's not the Company.....it's the Governing body.
ooooooooppppps.....maybe that is your answer(Governing Body).
!! Panic selling.....YES!!!
....(.023 USD) excluding premium currently. Oh boy!
!!! wow!....who are these individuals and what were they expecting? Buying the ADR now....hopefully tomorrow!....but if need be...I'll be patient.
3.13 cents per share vs. -1.67 per share
Almost a 500% swing...geesh
http://www.mmc.mn/upload/2018-03-22_e_00975ann-20180322.pdf
There's your break down from the trend beforehand....and I am loving it.
I'm not playing this one now....but I thought I would throw you a bone(time table):
http://marizyme.com/wp-content/uploads/2017/12/Marizyme-Business-Summary-11162017.pdf
Chance of a ten point gainer tonight ... if it catches. Then again....
And it is beatin'...eh?...opportunity...or cop out. And so it goes..
About to break down....apparently......could be hard or a major whipsaw......but it looks hungry!
Nul' volume....dead and flat.
You need to play these swings on the HK exchange. My impression is that it is not your style.......but man!,,,,,,,,,this is so "dead on" with regards to technical trading. Not the quick ones but really nice swing trades. I can only watch unless I get another broker....but... I don't do that anymore though(multiple brokers)...so be it.
Are you still heavy on the HK?