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PathfinderCap

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  • Mongolia Weekly Update [View instapost]
    I think the above comment nails it. For all its rhetoric about wanting to renew FDI inflows, the GoM's knee-jerk reaction to the South Gobi incident, and its heavy-handed brinkmanship with Rio, produced self-inflicted wounds that will endure for a long time. Sideshows like Golomt and the Chris Bradley case only reinforce the market's negative outlook.
    Mongolia's two (larger/more powerful) neighbors will always force it to be the low-cost provider of resources. The best strategic move that the country can make right now is to strike a deal with China, Russia (maybe even DPRK?) to confirm long-term, low-cost rail access to a port, which will at least allow them to retain some pricing power.
    Feb 16, 2014. 01:35 PM | 4 Likes Like |Link to Comment
  • Investing In Mongolia? Yes, Mongolia. [View article]
    Who let Ben Gee into this chat room? Come on, you have to at least understand the subject matter before making comments that are outdated by 22 years.
    Feb 5, 2014. 08:11 AM | 3 Likes Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    New attempt to spark debate here:

    There has not yet been much discussion on this site involving the Mongolian banks (probably because they're not publicly traded) yet I would argue that they are one of the most critical catalysts for a hoped-for resurgence of FDI:

    Savings Bank blew up last year on the back of bad loans made by its holding company. Now we are seeing signs of trouble from Golomt. One of its largest lenders just called a loan (http://reut.rs/Mp4ldi) and we're hearing rumours about an arrest warrant being issued for the bank's former CEO in absentia.

    Any insights into current stability in the banking system, or Golomt Bank in particular?
    Feb 2, 2014. 01:16 PM | 1 Like Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    Concur on the above comment. I visited the MSE 18 months ago and was impressed at the integration that they have completed with the London Stock Exchange.
    The market is treating Mongolian stocks like radioactive material at the moment but it's not because of any faults with the exchange itself. Mongolia's infrastructure is quite strong compared to some of the other frontier market exchanges I've visited. They're listed on Bloomberg now - both individual stocks and the MSE-20 index - which is more than I can say for many other frontier markets.
    Jan 12, 2014. 11:44 PM | 2 Likes Like |Link to Comment
  • Mongolia Weekly Update [View instapost]
    Welcome back! Look forward to following your comments at Forbes. Congratulations on the new soapbox.
    Dec 15, 2013. 09:37 PM | Likes Like |Link to Comment
  • Middle East North Africa Investing Blog [View instapost]
    I have made a (small) investment into a Sudanese oil exploration venture that is managed by Statesman Resources (SRR on the TSX). Info here: http://bit.ly/W8RMSQ
    Dec 13, 2012. 12:39 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
6 Comments
3 Likes