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SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

SouthGobi Resources Ltd. is an integrated coal mining, development and exploration company. It owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of each other and in close proximity to the Chinese-Mongolian border. The Ovoot Tolgoi Mine, strategically located over 40km from the Shivee Khuren-Ceke crossing at the China-Mongolia border (Shivee Khuren Border Crossing), is its flagship asset. The Ovoot Tolgoi Mine has two distinct pits: the Sunrise and Sunset pits. The Soumber Deposit includes Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields, is located approximately 20km east of the Ovoot Tolgoi Mine. The Zag Suuj Deposit, located over 150km east of the Ovoot Tolgoi Mine and over 80km north of the Mongolia-China border.


TSXV:SGQ - Post by User

Bullboard Posts
Comment by Aubaggeron Oct 03, 2007 12:56pm
70 Views
Post# 13514055

One tightly held company

One tightly held companyA week or so ago I needed some funds for my other investment endeavours and I wanted to sell SGQ at 6.20. No one would bite, even though, at some point my offer was lower than the market price. Having this stock for a retail holder like me is like a fly riding an eagle. No matter what you do, just hold on to it.

Regards,

Aubagger
P.S.: I personally do not like this Beta outlook, too much stuff you do not need.
Bullboard Posts

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