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@ncousyn

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  • A Safe And A Shotgun, Or Public Sector Banks? The Battle Of Cyprus [View article]
    Excellent work, I hope the "Elites" in the mainstream media begin to think for themselves and consider conclusions such as yours
    Mar 22 11:51 AM | 1 Like Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    Apologies Bob, I was so busy correcting your numerous inaccuracies, i missed the part about you insinuating I have ulterior motives in posting on this thread:

    You said "I'll bet you have some skin in the game."

    Wrong again Bob, I am neither long, not short RIO, TRQ or EGI. Furthermore BDSec has no financial relationship with any of the aforementioned companies.

    The only reason I posted on this thread, is some of our clients took this article to be accurate and had contacted us out of concern.

    My skin in the game is credibility, what's yours?
    Mar 7 03:49 AM | 3 Likes Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    Bob,

    I really thought about letting this go and will probably regret going into this further, but here it goes.

    Let's start with the title of this article "Mongolia Revokes Licenses On Rio Tinto Mine" That is wrong and misleading, as I stated earlier. Entree's licenses were not "revoked" (fact) and their licenses are part of a JV with OT, not RIO. Why was it that Entree released a PR on this issue and not RIO if it was RIO's mine?

    You imply I am biased by virtue of being in the investment business and that journalists are unbiased by virtue of being in journalism? As a former journalist yourself, that "premise" is both "biased" and/or "wrong", as is much of this article.

    Since your respect for journalism is at such lofty levels relative to all other sources of information, you will be happy to know I have an assistant (she's not a journalist so she may be biased) who reads between 5-7 local newspapers daily, then gives me a summary, which I disseminate to select investors/contacts. This is often the source of information these journalists use to write their stories, as many are on my distribution list and are friends of mine. Note, that I correspond with some these writers often on a daily basis. If you ever take the time to ask any of them (heaven forbid you go any further than opening a newspaper) they will tell you I was writing about the current OT/GOM problems since late September. When I suggested to some in the press they write a story on what I'm hearing and seeing, their editors weren't interested. Only 2-3 months later after my information started hitting Australian & Canadian press outlets did your coveted sources for news start to write about what was happening here in Mongolia.

    You assert "However, they certainly are not on the ground there all of the time."

    You would know this how? I live here Bob and was home for Christmas for 1 month. Any other travel I've done has been business related.

    You state "If the sources you name, fine and reliable persons, each with a different skill-set, were the best sources of information the financial press would be interviewing them on a regular basis, and frequently quoting them in press releases."

    Here are some media links for you to review. Note that I would be quoted much more frequently if I was willing to make more controversial statements. But this is Mongolia, I live here and I can tell you it's not wise to create controversy and UB is a very small town. Further, the 2 combatants in this dispute are the GOM and the most influential Co. in the country (OT).

    Notice these quotes are very benign, if not boring, which is the intention.

    http://buswk.co/WLnlBQ
    http://bit.ly/ZeINCW
    http://bit.ly/WLnoxe
    http://bit.ly/ZeINCZ
    http://bit.ly/WLnmp9
    http://bit.ly/ZeILLg
    http://bit.ly/WLnmpd
    http://seekingalpha.co...

    Nick Cousyn
    Chief Operating Officer
    BDSec Joint Stock Company
    Zaluuchuud Avenue 27/1, Sukhbaatar District
    Ulaanbaatar, Mongolia
    Office/Fax: (+976) 11-313108
    Direct: (+976) 9400 2899
    Email nick.cousyn@bdsec.mn
    Mar 6 11:37 PM | 3 Likes Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    Also, this isn't an advertisement as you suggest
    "In all due respect, and regardless of what sources the press gathers information from, you have displayed your credentials in a business card sized ad above."

    Given the anonymous nature of seeking alpha, I had no intention of hiding behind a user name and signed all my posts as I sign all correspondence. As for my research I shared, I'm sure all will agree that it is much more accurate and informative than anything in this article.

    "I do not give the bullish remarks from an Investment Banker in Mongolia as much weight as some other sources."

    What sources are those other than mainstream news outlets, which in many cases are using me as one of their sources?

    As for my bullishness, I express that also in that I am living here where low temps drop below -40F and high's not above zero through most of the winter. UB is also the most polluted city in the world in the winter.

    So I "walk the walk" if you will, can you say the same?
    Mar 6 11:22 PM | 3 Likes Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    Also have to point this out, as you are "wrong again Bob"

    "With all due respect, you cite a press release above which was dated on March 4. Please note that my article was published at 5:00 am on March 1."

    This info was out there on Feb 28th, but you might have missed it because it wasn't in the WSJ:

    http://bit.ly/Z9OYVo

    Update: On February 28, 2013, IFC’s board of directors approved IFC’s participation in the Oyu Tolgoi financing. IFC will now begin the process of working with Rio Tinto, the Government of Mongolia and the lending partners to complete the financing package.

    I won't sign my name anymore, lest this is considered some form of advertisement.
    Mar 6 11:18 PM | 3 Likes Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    Actually you don't need to be on the ground, you just need to read press releases.
    #1. No licenses have been revoked, Entree's "mining" license was suspended, they still retain the 2 "exploration" licenses, which the mining license was for
    #2. Suspension doesn't affect mining activities, just the sale or transfer of the licenses.
    #3. The suspension has NOTHING to do with the 66% of OT which TRQ owns. RIO and TRQ own 12.8% and 10.7% of Entree equity, respectively, that's the extent of their exposure.
    #4. So the title of this article is somewhat inaccurate since the license's in question are Entree's, not RIO's and no licenses were revoked, 1 license was suspended.

    Hope this helps.

    Nick Cousyn
    COO, BDSec
    Mar 5 06:09 AM | 4 Likes Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    It's not "someone" making a firm commitment for $400M, it's the IFC and the EBRD each making a commitment for up to $400M. Did you notice the World Bank Multilateral Investment Guarantee against political risk? That was cited by Bloomberg. Who do you think the press talks to help formulate their stories? http://bloom.bg/YL3WjO

    And yes, I'm on the ground all the time except when I go home for the holidays.

    Should you ever get to Mongolia, feel free to call on me here:

    Nick Cousyn
    Chief Operating Officer
    BDSec Joint Stock Company
    Zaluuchuud Avenue 27/1, Sukhbaatar District
    Ulaanbaatar, Mongolia
    Office/Fax: (+976) 11-313108
    Direct: (+976) 9400 2899
    Email nick.cousyn@bdsec.mn
    Mar 5 05:54 AM | 4 Likes Like |Link to Comment
  • Mongolia Revokes Licenses On Rio Tinto Mine [View article]
    The rally in TRQ was due to the IFC & EBRD backing a $4B syndicate loan, which I wrote about today here- http://bit.ly/YJb14l

    This news has not been widely disseminated, so there's probably room for TRQ to rally.

    Nick Cousyn
    COO, BDSec
    Mar 4 06:48 AM | 6 Likes Like |Link to Comment
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