Hardly a good week for SGQNine percent hair cut at a time when coal demand is at the max in China....of course SGQ doesn't produce any coal yet...I wonder where there permit is from the Mongolian government. Private investors coming in and getting shares at $8 and $9 with a four month hold period at least in the case of the last placement.
Seemingly now the company has the money to build its mine and explore, but where is the permit from the Mongolians....?
Bothers me this lack of action which is now about a month over due...
SGQ down to its uptrend line...Did add in this price area this week, but wondering how smart that's going to be in the short term at least...
https://stockcharts.com/h-sc/ui?s=SGQ.V&p=D&yr=0&mn=9&dy=0&id=p61548181146&a=110613479&listNum=1