This is an older research report , 23 August 2012, but I just recently found it and read it and I thought it compelling. In fact the BDSEC website has quite a few well written research reports. They can be accessed at the brokerage's website. The most interesting part of the report is the analysis of the potential redevelopment prospects that Mongolia Growth Group has in Ulannbaatar. If the analysis is correct than MGG has significant near term and intermediate term upside. I know there has been quite a bit of near term political distraction in Mongolia but as a long term investor I look at weakness in the shares as a buying opportunity. The fact is that real estate should continue to do well even if the economy slows due to near term uncertainty in the country vis-a-vis the political climate regarding Oyu Tolgoi. The fact is that mine is in the process of commissioning and will soon be producing commercial quantities of gold and copper. The recent Mongolian bond offering went well and my view is that even politicians in Mongolia can't totally screw this up, although they have been trying pretty hard. I continue to accumulate shares of MGG with a long term view that GDP will be significantly higher in 3-5 years and that real estate prices will follow.
Disclosure: I am long OTCPK:MNGGF.