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Laurence Lavelle  

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  • Market Vectors Vietnam ETF: Look Elsewhere [View article]
    Agreed VCVOF is a closed end fund, hence the NAV discount that I noted. Read about VCVOF. At a minimum go to their website http://bit.ly/HvOFxr and read http://seekingalpha.co...

    Asia Frontier Capital also speaks highly of VinaCapital.
    Jun 21, 2015. 10:56 PM | Likes Like |Link to Comment
  • Market Vectors Vietnam ETF: Look Elsewhere [View article]
    For US exchanges access I would consider VinaCapital Vietnam Opportunity Fund (VCVOF) to be the best ETF option with its NAV discount and holdings. See my and others comments on VCVOF.
    Jun 19, 2015. 03:09 PM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    MSE continues to blast off.
    Jun 16, 2015. 01:31 AM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Another excellent read from Nick Cousyn:
    Growth for Sale at Value Prices: A Quantitative Look at Mongolian Equities
    2015

    http://bit.ly/1JFr4vG
    Jun 9, 2015. 02:36 AM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    MSE looking stronger: http://www.mse.mn

    Foundation for several large projects including TT is in progress: http://bit.ly/1IoNNur

    Watch: TTL, SHG, SHV, ADL, BAN
    Jun 8, 2015. 02:35 AM | 1 Like Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Speaking of recommendations, BDSec has excellent MSE recommendations. Their most recent one is: Gobi Cashmere (GOV) - MSE’s Best Company of 2014

    http://bit.ly/1BmDu4U
    May 26, 2015. 02:01 AM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Chris Becker, Lead Economist & Strategist at African Alliance, does outstanding work and highly recommended reading.

    “China's Maritime Silk Road: A catalyst for multi-generational progress in East Africa” is a must read.

    Chris Becker
    Lead Economist & Strategist
    +2711 214 8335
    beckerc@africanallianc...
    May 26, 2015. 01:58 AM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Rio Tinto to Raise Up to $6 Billion for Mongolian Mine Expansion
    http://bloom.bg/1BmADsO

    "The agreement also re-states earlier estimates that the government of Mongolia will receive more than 53 percent of the total value of project during its lifetime in the form of taxes, royalties and payments."
    May 26, 2015. 01:18 AM | 1 Like Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Note: Mongolian GDP is ~USD 12 B.
    May 21, 2015. 03:22 PM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Quick progress during United Arab Emirates visit:
    Cl Bank to create USD 1B investment fund for financing Mongolian projects.
    Mongolia will export meat to UAE of one million livestock.
    May 21, 2015. 02:37 PM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Prime Minister Ch.Saikhanbileg currently visiting United Arab Emirates May 18-20:
    http://bit.ly/1PVARh9

    May 20, 2015. 01:56 AM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    President of Mongolia, Tsakhia Elbegdorj will be visiting Japan May 20-25, 2015 to discuss the ongoing implementation process of the Mongolia-Japan Economic Partnership Agreement (EPA):
    http://bit.ly/1PVAALc
    May 20, 2015. 01:52 AM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    India will provide Mongolia with a $1 billion line of credit to help fund railway, power and other infrastructure projects:

    http://bloom.bg/1PVAgvI
    May 20, 2015. 01:48 AM | 1 Like Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    The much awaited OT Phase 2 is definitely confirmed. :-)

    Oyu Tolgoi shareholders sign agreement to progress the development of underground mine: http://bit.ly/1EfTiX5

    The Government of Mongolia, Erdenes Oyu Tolgoi, Turquoise Hill Resources and Rio Tinto have today signed the “Oyu Tolgoi Underground Mine Development and Financing Plan”: http://bit.ly/1PVyPxz

    Turquoise Hill Provides Additional Details on Oyu Tolgoi Underground Mine Development and Financing Plan: http://bit.ly/1PVyQRW

    Oyu Tolgoi LLC welcomes agreement to advance the development of the underground mine in Mongolia: http://bit.ly/1PVyPNP

    Rio Tinto, Mongolia reach deal to build huge copper mine: http://reut.rs/1PVyQS2

    Rio, Mongolia Agree to Restart Oyu Tolgoi Development:
    http://bloom.bg/1PVyQS3

    http://bloom.bg/1PVyPNR

    Mongolian bonds soar on Oyu Tolgoi deal: http://reut.rs/1PVyQS6

    GOM did well. These terms are good:

    The parties have agreed that Oyu Tolgoi's 5% sales royalty paid to the Government of Mongolia will be calculated on gross revenues by not allowing deductions for the costs of processing, freight differentials, penalties or payables. Oyu Tolgoi will recalculate royalties payable accordingly since the commencement of sales and submit any additional amount payable to the Government within 30 days.

    Notwithstanding the terms of the ARSHA, the parties have agreed that in calculating the Management Services Payment (MSP), the rate applied to capital costs of the underground development will be 3% instead of 6%, as provided by the ARSHA. The MSP rate on operating cost and capital related to current operations remains at 6%.

    Very positive outcome for Mongolia.
    May 20, 2015. 01:34 AM | 1 Like Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    CHICAGO, May 4, 2015 /PRNewswire/ -- Driehaus Capital Management launched the Driehaus Frontier Emerging Markets Fund (Ticker: DRFRX) on May 4, 2015. The new mutual fund offering provides institutional investors with dedicated exposure to high growth frontier market companies.

    As discussed in my article:

    "The diversification benefits of a frontier market allocation are evident when comparing the correlations between frontier markets to other segments of the equity universe. For the 10-year period, the highest correlation for frontier markets is 0.67 to global (ex-US) large cap equities. This is superior to even the lowest correlation between any other two segments of the equity universe."

    In unrelated news Mark Mobius, a long-term value investor, favors Mongolia:
    "Romania and Mongolia could be the next frontier that enriches investors"
    May 6, 2015. 10:58 PM | 1 Like Like |Link to Comment
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