Readers attention should be directed to the recent re-signing of expired leases at anywhere from 40%-120% increases. The core portfolio has a 92% occupancy rate. As older leases roll off we should see consistent upward increases in lease values. This is exactly what management said would happen earlier in the year. The new CEO is selling off the smaller properties, for a profit I might add, and is building capital for the next phase of growth. Further attention should be directed to the economic news that was highlighted, notably the potential of the coal to gas project that is being proposed by China's Sinopec. Sinopec is no rinky dink company, it is one of China's largest companies. It also appears we are getting to closer to Oyu Tolgoi resolution, which everybody is using as a barometer for GOM's attitude to FDI. Things are looking up and I was encouraged by the new CEO's comment that he viewed fair value for MGG at 4$-5$ per share.
Disclosure: I am long MNGGF.