My question to you.....who is the biggest Mongolian Miner in the nation...that is also listed on the HK exchange and has a ADR placed here(OTC). Not state owned..be it foreign...but Mongolian owned.
Only one.....so be it....irrational exuberance will come in handy on the back end of this one.
**********
I may be misunderstanding your point here, but ...
If the powers that be in Mongolia had any power to prop up the stock price, why did the stock go from $6-7 HKD in 2010/2011 to under $0.30 HKD now? Why did they wait so long to intervene?
As much national pride as they may have in the biggest coal miner in the nation, they don't have any sway over global coal prices. And, frankly, their inability to strike a huge win-win deal with the Chinese over Tavan Togloi doesn't inspire a lot of confidence in their powers of influence.
Let's remember that in a mere 3-4 years, Mongolia's bureaucrats took a high-growth economy into recession with absolutely asinine anti-growth policies and fiscal recklessness. Granted, the party that presided over that debacle is currently on the back bench, but nevertheless.
Don't underestimate Mongolia's ability to seize defeat from the jaws of victory.
Recent MOGLF News
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 10/03/2024 07:43:57 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 10/03/2024 05:09:12 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 10/01/2024 02:33:51 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 10/01/2024 02:02:36 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 10/01/2024 01:55:35 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 09/26/2024 06:11:11 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 09/26/2024 05:26:40 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 09/13/2024 01:20:33 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 09/13/2024 12:43:54 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/30/2024 03:01:19 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/27/2024 02:02:14 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/26/2024 02:34:20 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/20/2024 07:36:28 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/19/2024 08:17:02 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 08/13/2024 01:04:46 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/07/2024 04:20:47 PM
- Form F-6 POS - Post-effective amendments for immediately effective filing • Edgar (US Regulatory) • 08/06/2024 08:17:05 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/05/2024 10:43:23 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/05/2024 03:32:43 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/02/2024 05:39:42 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 08/02/2024 03:03:38 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/17/2024 03:21:57 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/16/2024 08:55:26 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/11/2024 05:29:55 PM
- Form F-6EF - Registration of American Depository Receipt shares, immediately effective • Edgar (US Regulatory) • 07/11/2024 05:28:53 PM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM