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mccorj

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  • Mongolia Weekly Update [View instapost]
    Good point. This is the problem. The new investment law means nothing until it is demonstrated by the OT phase 2 settlement, the Kahn Resources settlement, the 106 licenses resolved,-----all of which must include that the hoped for increase in FI will be used by all of Mongolians to be distributed by the new emphasis on "SMART government.
    The SMART concept is ----if implemented well and sincerely---the foundation of a great policy.
    Jan 29 12:13 PM | 2 Likes Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    Perfectly put "sweet spot".
    The GOM was too influenced by some faction that killed foreign investment last year.
    They need to get it back on track, but not turbo charge it out of control.
    A well run sovereign wealth fund could control the surge and make it more business friendly. Others have done it well----Norway, Saudi Arabia, Singapore (Temasek-a holder of TRQ stock).
    Jan 24 09:53 AM | 2 Likes Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    sorry I meant Elbegdorj to jump in and do something.

    Then again Enkhbayar is precluded from running for office due to his conviction. Could his sword rattling be an OYU TOLGOI ploy?

    Isn't Kahn Resources due with their response to the court for their case an ain't the GOM?????
    Jan 23 01:40 PM | Likes Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    Looks like the Elbegdorj magnanimous gesture to pardon Enkhbayar could prove to be a rookie political mistake as well a a financial blunder for Mongolia.
    Enkhbayar, rattling his sword, will slow down the OYU TOLGOI phase 2 project and show the GOM as weak.
    Growing foreign investment support has been undermined.

    Time for Enkhbayar and/or Altankhuyag to step in with some strength and get something accomplished with OYU TOLGOI or the whole socio/politic/financia... situation will become a 'house of cards'.
    Jan 23 10:52 AM | Likes Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    agree. why take it from Kahn, who owned it, and sell to Russia? Sounds highly irregular and smacks or very illegal but nobody seemed to care.
    You would think that Mongolia would like to clarify the negative impressions they give if they wish for increased FDI or undo prior wrongs just on moral purposes. This is obviously a naive hope.
    Jan 2 09:37 PM | 2 Likes Like |Link to Comment
  • Rio Tinto delays Oyu Tolgoi expansion [View news story]
    OK. We'll take Park Place and Boardwalk.
    Let them put up the 6 Billion.
    We'll be the guys that go to Jail but we can play sick.
    Give them Marvin Gardens and Ventnor Avenue.
    Since its our country, we get the Electric Company so we can double the rates. We also need the railroads. But make them so they don't fit the neighboring country that our goods will be sold to or pass thru. This way we can call it protection and increase costs considerably. Don't let them have the Water company either.

    There they ought to like that. Then we'll start to play once they put up the first 6Billion. Make it harder for them to put up the next 6Billion--toss in a few more delays. Let them play just enough so we can get some income from the concentrate. They'll think its to help them and maybe other countries will follow them with investments.

    Holy cow. They don't like the new rules.

    Screw them, we'll win eventually. We're used to the hard life, its our heritage. Look how long we've lasted like this. Who needs heat, hot water, medical benefits, better education etc etc etc. That's for greedy foreigners.

    Not us. We're smarter. They'll do it our way, or else.

    yawn


    Jul 30 08:58 AM | Likes Like |Link to Comment
  • Rio Tinto delays Oyu Tolgoi expansion [View news story]
    this is getting to be a tiresome joke. Shut the whole thing down completely until the grown ups show up. The jv just doesn't cut it.
    Pretty soon a bird will build a nest there then they'll shut the whole thing down forever. This will favor those who want to stop all foreign investment. The world can go on without them.
    This is not interesting anymore. They want to do it themselves, let them.
    Jul 29 08:34 AM | Likes Like |Link to Comment
  • Fund Flows Hint At Cautions On Consumer Status, Best Sectors In Recovery [View article]
    Emmett, i agree and was considering focusing investments, albeit very cautiously, on developing countries. your Sprott resources comments seem to hold water and I would like to see AZIA progress, but is everyone waiting to see if Mongolia is trying to crush the Oyu Tolgoi process, of which they own 34%. Will this be a self inflicted wound and if so could crush all investment in developing countries.
    Is there anything that will get this roadblock off the dime?
    Is there no driver for a settlement between the government and its own interests---or are they just striking against foreign investment, which will tell us where not to put our funds?

    love your coverage---what ever happened to Jon Springer?

    wish your comments were even more frequent.
    Jul 3 10:32 AM | 2 Likes Like |Link to Comment
  • Seek Value As Sovereigns Dump T-Bills On Overbought Markets [View article]
    Does anyone know the next requirement in mongolia for the RIO pending composite sale. Is it the new president, parliament, the minister of mining or any combination- trying to figure what the impetus is. There seems to be less Mongolian interest than investor interest. Could be they done care for the influx of jobs, wealth etc.
    Jun 18 08:50 AM | Likes Like |Link to Comment
  • Turquoise Hill Resources: Reason And Reality, Buy And Monitor Closely [View article]
    emmet, great following you have. all good, clean, class responses. everyone seems to keep all of the issues in view when responding. its refreshing not to have folks venting but keeping the whole picture in view. it seems i get the majority of my exposure from you and jon springer. any sights have mongolian financial/government agency info also?
    thx to you and your followers----i enjoy logging on and looking for more.
    Feb 5 11:30 AM | Likes Like |Link to Comment
  • Mongolia: Fast Growing Economy, Evolving Investment Climate [View article]
    i agree with Doc224899 and distressed_debt_trader. I really liked IVN, Friedland was great, RIO is just a big non-empathetic group ---never needed to change the name, should have known better than to screw with Chalco---dont feel they owe an explanation of the south gobi fiasco and will spend they're time trying to out screw the Mongolian Govt while the govt will go to great lengths to protect their assets and their folks. Friedland and govt would have gotten more, better, faster for all.This will be a very long slow-down dance both playing ball control.Depressing. I'll switch to SGOL.
    Jan 17 11:14 AM | 1 Like Like |Link to Comment
  • Turquoise Hill Resources: Reason And Reality, Buy And Monitor Closely [View article]
    to djgantulga --my point about Friehdland is---he lived thru the political issue in australia which political attempt to at super nationalization replaced some leaders of government,,,he knows not to pull a south gobi sale without the consent of government.
    he's very smart and very clever----he's got something in mind. I'll put my marbles with him.
    to puttster--its more than the profit--its the development of a new nation with all the inherent problems at a time of globalization that is new for all of us.
    I'm in for the ride as well as seeing what Friedland has up his sleeve----and enjoying it all as well as this blog.
    thank you all.
    Jan 3 09:30 AM | 1 Like Like |Link to Comment
  • Turquoise Hill Resources: Reason And Reality, Buy And Monitor Closely [View article]
    thanks Emmet. good article/warning. trq looks like a great opportunity.
    Mongolia looks like the new 'oil strike' of the 2000s.

    still confused by why Friedland would let the South Gobi/Chalco happen without going through the proper channels--losing his control to Rio. Wouldn't it behoove Rio to clean up South Gobi or they could drag it out to keep the TRQ price low and shake up the nervous nellies while they buy up the low hangers.

    Interesting to know the machinations of RIOs recent investments and open purchase book.

    thx. would like to see more of your work. I follow Jon Springer also
    Dec 31 03:27 PM | 1 Like Like |Link to Comment
  • A Positive Outlook On Mongolia [View article]
    I must agree with 'distressed' at this point. it looks like the proxy for their legal system as well as economy. If they won't uphold TRQ and
    honor their original contracts---any future agreements are worthless.
    Change any new agreements to be mutually satisfactory but honor them when agreed.
    Sounds like I'm preaching to the choir but I'm only realizing the somewhat primative concepts of business employed in Mn.
    They've probably been living with corruption for so long that the adjustment must just take its time.
    Jon, i choose to follow the development on your blog and. like your contributors input. thx
    Nov 27 01:44 AM | 1 Like Like |Link to Comment
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