Mongolian Mining Corp. (MOGLF)

[Ponch73]

I think the significant recent stock weakness might be explained by the passing of a resolution at the AGM to allow the company to increase the share count by 20%. Market is probably correctly interpreting that as a foregone conclusion.

Oddly, authorization to repurchase 10% of the shares was also passed at the AGM. Before you get too excited, a third resolution passed authorizing the additional issuance of shares after any repurchase.

Corporate governance is not alive and well in Mongolia.