Bullish bells may be ringing for Mongolian mining stocks, writes Jon Springer, thanks to the...


Bullish bells may be ringing for Mongolian mining stocks, writes Jon Springer, thanks to the release from custody of SouthGobi Resources (SGQRF.PK) chief legal counsel Sarah Armstrong. Turquoise Hill (TRQ) - the majority owner of SouthGobi - has been battered since her arrest 2 months ago, and 2 SouthGobi execs were forced to flee the country just last week.

Comments (3)
  • dapperfish
    , contributor
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    high risk? perhaps! but backed by Rio Tinto money.this could be a multi-bagger given the enormous gold,copper and coal reserves waiting to be unearthed
    24 Dec 2012, 10:04 AM Reply Like
  • dapperfish
    , contributor
    Comments (2) | Send Message
     
    I am a 69 year old private investor I own shares in TRQ.
    High risk?Perhaps!But this share,backed by RioTinto money could easily be a massive multi bagger given the huge untapped reserves of gold copper and coal dyor
    24 Dec 2012, 10:45 AM Reply Like
  • Flynnster
    , contributor
    Comments (3) | Send Message
     
    When the deal is sorted out between Oyu Tolgoi (Rio Tinto) and the Mongolian Government, the stock will easily double-and once developed and operational we're easily talking a multi-bagger stack...
    3 Dec 2014, 08:53 PM Reply Like
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