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RbarPNW

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  • Mongolia Growth Group: Profiting From The Land Of Luxury Blue Sky Promise [View article]
    Khan Investment Management Founder and Chairman Travis Hamilton optimistic on future of Mongolia's economy.
    http://bloom.bg/1l2kyFP-dCcQFo7aRke6C8jlCmk~h...
    Aug 22 11:24 PM | Likes Like |Link to Comment
  • Mongolia Growth Group: Profiting From The Land Of Luxury Blue Sky Promise [View article]
    The article's GDP chart is from MGG's 2014 roadshow presentation. Since 2014 is a work in progress, any such GDP growth figures are estimates and subject to revision. Any NSOM actual or estimate GDP figure for all or part of 2014 will be subject to revision.
    There is no debate to be had about the facts and there is no ugly truth to behold. It is good to be well informed about Mongolian inflation, regulatory and legislative barriers to economic growth and how a frontier market differs from a mature and stable market.
    Regarding M_Coboys point #17, 3 well known CEOs who have worked for low salaries are Gates, Buffett & Bezos. There are many other examples.
    Aug 21 12:11 AM | Likes Like |Link to Comment
  • Mongolia Growth Group: Profiting From The Land Of Luxury Blue Sky Promise [View article]
    Some people's perspective is that of a fun house mirror. Real world facts bounce off of them as bent and distorted. Investors have paid up for the quality of the management and the growth potential that prime commercial real estate has demonstrated in prosperous economies. Real estate on or near Peace Ave is limited and will become more valuable over time. The small percentage of the city that such locations represent is exactly what makes them precious.
    Any lull in foreign investment creates more opportunities to well capitalized firms who started early and have already learned how to do business in Mongolia.
    Aug 20 10:31 AM | Likes Like |Link to Comment
  • Mongolia Growth Group: Profiting From The Land Of Luxury Blue Sky Promise [View article]
    The government doesn't have to be fair or angelic to create prosperity; politics will create winners and losers. One very high GDP country that I know of has a history of revolution, genocide, slavery, civil war, banking crises and perpetual involvement in foreign wars (often in the name of peace). The high GDP continues.
    The sooner Oyu Tolgoi's future is settled and the infrastructure built to support it (transportation, power plants, communications, etc.), the better for GDP growth.
    Aug 15 08:26 PM | 2 Likes Like |Link to Comment
  • Mongolia Growth Group: Profiting From The Land Of Luxury Blue Sky Promise [View article]
    Pay attention to the facts; be rational. Your ability to judge Mongolian politics from the U.S. is too close to zero to be the basis for any decision. Oyu Tolgoi is an ongoing soap opera; nobody wins if it doesn't succeed. All of Mongolia wins if Oyu Tolgo succeeds.
    The Mongolia Wikipedia article has outdated facts about the economy, but it sets the stage: http://bit.ly/1mPiOLh
    MGG's core property strategy is available as a download:
    http://bit.ly/1mPiNa2
    AboveAverageOdds.com attempted to value MGG in 2012:
    http://bit.ly/Z93ks6
    Aug 15 01:00 AM | 3 Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Laurence, yes your comment about putting the MSE stock market performance into context is important. An exaggerated example (no disrespect intended) is the run up in Zimbabwe's stock market.
    Aren't there peculiarities regarding foreigners collecting dividends on MSE shares?
    Aug 13 08:48 PM | Likes Like |Link to Comment
  • Mongolia Growth Group: Profiting From The Land Of Luxury Blue Sky Promise [View article]
    The comments above ignore or underrate the successful business and investment track records of Mongolia Growth Group's management who own approximately one-third of the company. Mongolia is a landlocked mineral treasure trove located between China and Russia which is a source of both risk and opportunity. Don't judge the government of Mongolia by political headlines. Laws and policies continue to improve incrementally to support business and foreign investment.
    Mineral wealth has spurred growth in Mongolia. If such growth becomes a boom, the per capita impact will be exaggerated by Mongolia's low population level of ~3 million people. Owning and managing prime downtown Ulaanbaatar real estate is Mongolia Growth Group's strategy to leverage Mongolia's quickly rising GDP and future prosperity.
    YAK/MNGGF has faced headwinds from a weak tugrik, a weak Mongolian stock market and a lull in foreign direct investment in Mongolia. Per the company's newsletters, it is being restructured to facilitate foreign investment in Ulaanbaatar real estate (via a specialized REIT format). it takes very little imagination to speculate that an announcement of an initial foreign property investor is inevitable. That should be the first in a series of such announcements.
    If you can only read one item, read the 2013 annual report. It is clear and detailed.
    http://bit.ly/1otuCbF
    Aug 13 12:29 AM | 3 Likes Like |Link to Comment
  • Jump On GDX To Ride The Moon Shot In Gold [View article]
    Why not gold stock mutual funds?
    A quick data check on 3 such funds that I track show GDX lagging.
    Professional management maybe be better than matching an mish-mash index.
    2014 YTD gains per finance.yahoo.com
    GDX (Van Eck ETF) 22.6%
    GOLDX (Gabelli's no load gold stock fund) 24%
    USERX (United no load Services gold stock fund) 24%
    TGLDX (Tocqueville's load gold stock fund) 32.16%
    Gold is up for the year and the gold stock funds and ETFs have gone up more.
    Best wishes for a prosperous year.
    Aug 10 02:26 AM | 1 Like Like |Link to Comment
  • I Feel Like A Thief Buying IBM At Today's Low Valuation [View article]
    I am not and won't be involved in this market, but I do think it is important to consider other viewpoints.

    Reuters report on lowest quarterly revenue in 5 years:
    http://reut.rs/1q1Dukf

    Seekingalpha: Fred Hickey is ShortIBM:
    http://seekingalpha.co...

    Businessweek: The Trouble With IBM:
    http://buswk.co/1k03jxe
    Aug 8 07:10 PM | Likes Like |Link to Comment
  • Frontier Markets, With A Focus On Mongolia [View article]
    Any ideas on when will the currency (tugrik) turn and help MGG shareholders?
    Aug 8 12:07 AM | 1 Like Like |Link to Comment
  • Gold Investors Take Note That An Industry Report Shows Gold Production Dropping Precipitously [View article]
    Canada exploration companies are the Wild West of stock promotion. Buyer beware. Brent Cook offers generalized advice on his web site: http://bit.ly/1tUOAvg
    The safest way to profit from a rise in the gold price is to own bullion or coins.
    There are gold bullion ETFs, gold stock mutual funds and gold stock ETFs.
    Owning exploration companies is risky speculation.
    At today's prices, it may be possible to earn an outsized return on an established producer. But it will take some time.
    Jul 28 10:28 PM | Likes Like |Link to Comment
  • Gold Investors Take Note That An Industry Report Shows Gold Production Dropping Precipitously [View article]
    Regarding interest rates, the weakest currencies pay the highest rates. They have to in order to offset poor exchanges rates. Try collecting interest on gold -- you can't. That frustrates analysts who have been trained to discount cash flows. Yield chasers will stumble past gold. Inferring the fair or potential value for gold requires economic logic and acceptance that gold is money. In crossing that chasm, some gold bugs go too far or get lost in side issues.
    Jul 28 10:18 PM | 1 Like Like |Link to Comment
  • Gold Investors Take Note That An Industry Report Shows Gold Production Dropping Precipitously [View article]
    Production of gold is minor compared to existing supplies. The supply of tradable gold is nearly fixed. Investment demand is the wild card; an increase in investment demand will drive prices upwards. There is no equation to measure such demand.
    Jul 28 10:08 PM | Likes Like |Link to Comment
  • Gold Investors Take Note That An Industry Report Shows Gold Production Dropping Precipitously [View article]
    The relatively fixed supply of gold means that a small change in investment demand can drive the price up. Gold isn't consumed like oil or soybeans.
    This author's point that the supply of gold isn't increasing at the rates of fiat currencies bodes well for gold prices.
    Gold miners need to find a lot more reserves. That will require drilling and improved technology. Increased greenfield (new exploration) and brownfield (near existing deposit) drilling demand are the thesis behind the following stimulating articles about TSX-V small cap Energold Drilling (EGD / EGDFF). Energold has managed its cash flow to ride out challenging business conditions. In past down turns they have made some value enhancing acquisitions on attractive terms.
    An SA report: http://seekingalpha.co...
    http://bit.ly/196fnsf
    Most free articles on Energold are older because the gold mining and related industries are not a good way to score page hits these days.
    Jul 27 05:43 PM | 1 Like Like |Link to Comment
  • GLD: More Whipsaw, Or Crash Ahead? [View article]
    I do not think attempting to profit from minor moves in gold will be profitable for most traders. In these times of ongoing financial and monetary crisis, gold should anchor strategic asset allocation decisions. Gold's extreme volatility means you don't need too much of it to benefit when the U.S. dollar is weakening. For the record, the price of gold is up this year. it is very possible that we are observing how an up year in gold happens.
    Jul 20 11:01 PM | 1 Like Like |Link to Comment
COMMENTS STATS
63 Comments
62 Likes