Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

Welcome Ponch!....first.....let's talk about CHALCO.

Erdenes Tavan Tolgoi announces complete repayment of debt to CHALCO

http://www.mongolianbusinessdatabase.com/base/newsdetials?id=8412

The debt to CHALCO killed the pricing for coal given the steep discount. This same debt was a nail in the coffin for the previous Tavan Tolgoi deal. That has now been eliminated.

Rail is the most important thing with regards to cost...and that will happen. This company does what it says..and is very tight lipped when it comes to talking about the consortium talks(as it was before..mandated via Parliament)...and will downplay everything. I am somewhat surprised at the current share price....and think it should be at the very least double the current ... but when I look at the chart(volume on decline)...and apply those that have added to long positions(one...ie...Mongolia Growth Group Ltd.(which is another company to look at))...it becomes moot.

Parliament resumes April 5th ,,I believe....so let's see how they approach the big elephant in the room. There are a couple of court dates...mid April and late April/May...before May 8th deadline......and all looks good for the sign off restructuring..be it... closure. Remember...this is the most important public stock company in Mongolia given the Hong Kong IPO/listing and status.

Keep it simple when looking at the numbers...and focus on other in my opinion