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Bullboard - Stock Discussion Forum SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

Energy
SouthGobi Resources Ltd. is a Canada-based coal mining, development, and exploration company. The Company holds six mining licenses in Mongolia. The mining licenses pertain to the Ovoot Tolgoi Mine (MV-012726), the Soumber Deposit (MV-016869, MV-020436 and MV-020451) and the Zag Suuj Deposit (MV-020676 and MV-020675). The Ovoot Tolgoi Mine, strategically located approximately 40km from the... see more

TSXV:SGQ - Post Discussion

SouthGobi Resources Ltd > Mongolia looking to increase coal exports…
View:
Post by fibonnaci on Feb 14, 2024 4:08pm

Mongolia looking to increase coal exports…

To 100mm tons coking coal in 2024. This is obviously huge news for sgq as it assumes that the mongolia/chinese relationship continues to heat up after years of mixed signals.

Earnings should be out any day and the revenue numbers are going to be similar to q3 if not higher. Profits should also be similar altho the company did pay put 7$m to the debt holder in q4 which will hurt profitability but at least they are taking care of cleaning up the balance sheet, albeit slowly. 


Bottomline, stock is worth more than 67c canadian. 


https://www.sustainable-carbon.org/mongolian-coal-exports-to-china-to-rise-to-100-million-tons-in-2024/

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SouthGobi Resources Ltd