Replies to post #173 on Mongolian Mining Corp. (MOGLF)

[Ponch73]

3 thoughts:

1. I was going to ask you why production would be lower in the winter, and then I did a quick Google search and learned that Ulaanbataar is considered the coldest capital city in the world with freezing temperatures well into April. Ah, now I understand.

2. I really wish the CFO provided lowball guidance. 4.5MT in guidance when you're likely to do 4.4MT is not nearly conservative enough for my taste.

3. It would be amazing if the stock could stay above HKD 0.26. Unfortunately, as I write this, the stock has pulled back to 0.255. Short covering is short-lived, unfortunately.

[Ponch73]

400k per month equates to a remaining 3600000

3.6 plus 800k equates to 4.4 million

If you go back and look at 2013, however, you'll see that MMC sold more HCC in the first 6 months of the year than it did in the last 6 months. Roughly 2.2MT from Jan-Jun and 2.1MT from Jul-Dec.

So that doesn't support the weather seasonality argument, wouldn't you agree?

I wonder if MMC didn't ramp up production in Q1 because the company was waiting for the bankruptcy proceedings to get resolved?