Replies to post #123 on Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

With regards to this....:

but he isn't including the $195M perpetual note in his calculations? Why?

Given that it is "perpetual"...it is treated as equity instead of debt. I believe ..that is.

[OMOLIVES]

I believe that the Company is very straight forward...:

"His response to the Tavan Togloi questions also don't seem all that encouraging. Hopefully, he is just being cagey, although I suspect that the negotiations don't look all that promising right now. "

Answer..:

On 15 December 2016, the Consortium received an official letter from the working group established by the GoM, formed after the parliamentary election of Mongolia in June 2016, for the purpose of continuing negotiations in relation to the Tavan Tolgoi coalfield development. However, any final outcomes of this transaction remain highly uncertain given the complex nature of negotiations, involving multiple stakeholders and including the regulators.

ref: http://www.mmc.mn/upload/2017-03-22_e_00975ann-20170322.pdf

I believe he is just sticking to the story given the history. I really don't care as much as others may. I just want rail. They want a wash plant handling 30 million mt and a railway. Just give me that damn rail!

If you reference what TT wants,,,,they want a Mongolian company there. If it's not MMC...then oh well.....because you just f'd up...eh?

The most recent bit I read was that the current flow out of TT aligns with the state budget. So no hurry. What would be nice is just "talk" about negotiations to uplift the "irrational exuberant" out there..:)