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SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

Energy
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

SouthGobi Resources Ltd
Bullboard Posts
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Post by jims101on Oct 06, 2008 5:20pm
232 Views
Post# 15508781

High volume at low, chart points

High volume at low, chart pointsTen times average volume today, coming in near the low...a buyer(s) stepped up...

Notice the Accumulation / Distribution line on the following chart - positively divergent to price. Also SGQ's performace relative to the coal ETF (KOL) has been improving since the middle of last month...

Only off a dime today, feels like a win....
https://stockcharts.com/h-sc/ui?s=SGQ.V&p=D&yr=1&mn=1&dy=0&id=p98145674143&listNum=1&a=110613479
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities