Replies to post #1033 on Mongolian Mining Corp. (MOGLF)

[mhsg]

Just to confirm EPS for H1 were 0.29 of a cent/share (not 29c) versus ADR of +/-2c. So price to annualised earnings around 3:1.

Tomorrow is the board meeting in HK meaning annual results maybe out after their close and ahead of Monday trading.

Looking at quarterly production statements, sales in 2018 were up about 20% yoy (despite a weak end to year as China closed the border).

Pricing was stronger 1H 2018 v 1H 2017. Not sure 2H 2018 materially different from 2H 2017.

In theory, FY EPS should be up 20%+, but not clear on margins as they now report "coking coal" sales rather than "hard coking coal" sales i.e. some semi soft coking coal will be included.

I am sure cash generation will remain weak as makes no sense to have excess cash that would be subject to a sweep mechanism in favour of bondholders under their debt financing (and which followed the debt restructuring in 2017).