Why the DIVE?? IVN up 5% -Upon seeing the dollar plus drop in SGQ, today, on top of yesterday's carnage I looked over at IVN to see if there was anything similar going on there...Happily I found IVN up 5% so we can rule out something having occurred at the Mongolian political level that had broad negative consequences...For me that's remains the big concern. The Mongolian government could pull the rug out from underneath investors in this promising situation at any time.
We see no company specific news released, YET...Volume is 9000 shares and will be a bit higher than recently by the close. There doesn't seem to be much urgent buying interest to offset who ever is wanting to sell, that is discouraging. SGQ needs to start selling some coal, putting up some revenue numbers, showing profitability so as to generate the attention.a two billion dollar company requires.
100 bid 1000 shares ask..