We have fallen and can't get up....Down down down we go....30%+ haircut since the first of July...Was SGQ over priced then or underpriced now...How do you price it in a deflating financial world?
I looked at the various stocks I hold and asked how will this business fair in a recession. Coal seems well protected where used for energy generation, espeically in places where demand is high and likely to stay such even in a recession, read China, and coal for steel production, as infrastructure build will likely be the place we find governments spending to ease unemployment and stimulate economies. SO SGQ looks reasonable well able to sustain deflationary pressures, though it hasn't done so very well lately and the deflationary recessionary winds have only begun to blow..
We need revenues, we need profits, we need drill results to give potential investors something to get their teeth into....We need the Mongolians to put together a deal with IVN and RIO to boost investor confidence. (What did I read? Was it in the IVN report? That it'll be another 6-9 months before such a happy event comes to pass. It been going to be 6-9 months for years now...)