Who bought the 5.2 million shares?That is a lot of shares that traded hands.Chinese would be interested in buying.Russians would also be buying to strengthen their hand.Retail investors would be selling in panic like Chicken with their heads cut off.
It seems like SS was right after all with his prognosis of Putin and his Chess master moves. The news about Russia giving Mongolia 50 000 tons of wheat to help them out over the hard ship of this winter and the telephone call a few days ago between Putin and Mongolian president speak volumes. I think Dornod was the main theme between those two. Russians don't want to get in a bidding war as they think they can beat the Chinese with their under handed ways relying on their old friendship ties. And Mongolia is still considered one of the most corrupt country in the World,so I am sure the Russians know how to grease this deal under the table.
Does not look too good. If we get our license taken away under some flimsy excuse of some phony mining law,we will be forced to go to their court and there we will be faced again with the prospect of corruption of the judges.
The only thing that seems to be in our favor might be that the Mongolians realize that the need to start mining those treasures that lay under their soils and that the need the foreigners to do it with know how and capital. So they can't afford to put out bad publicity and right now the World is watching how this Kahn drama plays out.
There has been enough news about it in the press around the World to let every body know what the game is. So all the big players are keeping their eyes on this play. If Mongolia screws Kahn there will be a setback of all mining investment for the next few ears and Mongolia will continue to be a suffering people thanks to their corrupt few that run this so called "democratic "country.
The Russians will exploit them as good as they can and so will the Chinese,both of them are not known for their unselfish kindness. The smart thing to do here would be to do the right thing and show the world that Mongolia is coming to join the 21 st century and wants the best for their people instead for a few corrupt few.
Mongolia could be one of the richest country in the World if they start uncovering their mineral wealth in earnest.2.7 million people only and a country that is loaded with minerals,enough to make them all wealthy,give them all the things they need to have a better life. What they really need is a revolution and clean up their ingrained graft and corrupt elite and come out of their middle age mindset and join the world. I think i am getting of the subject here. And we all know that there is no perfect World,all country suffer from this corruption disease in on degree or other
But will justice be served?
It is time for our friend SS to give us a the view from the Judo tatami view as he would understand the working of the Putin mind better.