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  • SouthGobi Executive Under Exit Ban [View article]
    Hi Jon, thanks for the reply. I wonder if Jeff is correct in thinking that the story was intentionally kept out of the press?

    I certainly appreciate the article and the international attention that it has received. That said, the question still remains: does the GOM have just cause to detain Kapla?

    At the end of the day Mongolia has a legal system and if there is reason to believe that the company operating under the direction of Kapla was involved in illegal practices I believe the GOM has the right to follow proper procedures.

    Also, in reference to one of your previous comments THANK YOU for pointing out that Elbegdorj did NOT state that he wanted a larger stake in OT. You would think that a journalist would be able to read and decipher basic english without construing it to look like pure nationalism.
    Feb 6, 2013. 03:43 AM | 2 Likes Like |Link to Comment
  • SouthGobi Executive Under Exit Ban [View article]
    I am obviously coming in quite late on this BUT just to clarify there were a number of people that knew of his detainment and I am not aware that there were any restrictions on who was privy to this information. As for the legitimacy regarding his detainment, that will only become known in time.
    Feb 4, 2013. 11:30 PM | 2 Likes Like |Link to Comment
  • Mongolia: No Bottom Calling Zone [View article]
    Great commentary Jon. The positive sentiment coming out of Mongolia can certainly be overdone and while we all try to keep a positive view during the darker times being unrealistic is not going to benefit anyone.

    I do strongly believe that Mongolia is in for a turn and that we will see an upward trajectory over the next 3 years (particularly in domestic stocks and the banks that survive) though I'm not convinced that this swing will happen within the next 6 months. Many commentators are of the mindset that we're at the bottom and they have been professing strongly that this is the case. While I don't think they will lose in the long run I certainly don't agree and feel that they need to be more realistic and responsible when it comes to the views their submitting to the markets.

    I have a relatively neutral view running up to the Presidential elections, we expect sentiment to remain the same with some potential to the downside. Following the elections we believe that there will need to be a cooling off period of a couple months, similar to what we saw in the Parliamentary elections this summer.

    So long as a DP Presidential victory is declared I fully expect a turn to start ramping up mid Q3'13. This is propped up by the expectation that clarity (and common sense) across regulation and legislation will be delivered, a softening of nationalistic sentiment will take place, key agreements with international partners will be signed, and major projects will have forward plans for advancement that are realizable. If the DP do not win, all bets are off.
    Dec 19, 2012. 11:52 PM | 2 Likes Like |Link to Comment