Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

When you refer to "perpetual equity"....I assume you are referring to the "perpetual notes". Currently, per last annual :

"The Company issued perpetual notes which were listed on the Singapore Exchange Securities Trading Limited on 4 May 2017, with principal amount of USD195,000,000 and with fair value of USD75,897,000.

The perpetual notes have no fixed maturity and are redeemable at the Company’s option. The distribution payments can be deferred at the discretion of the Company. So long as the perpetual notes are outstanding, the Company shall not declare or pay any dividend or make any distribution on or with respect to its capital shares; or redeem, reduce, cancel, buy-back or acquire for any consideration any of its capital shares.

Fair value of the perpetual notes was valued by the management with the reference to a valuation report
issued by an independent valuer based on the discounted cash flow method."

It's an equity though...;) The problem with it is that this Company can not consolidate it's shares(which it needs to).