RE:TRQ Sells Remaining Stake in SouthGobi
The DONK impact on the value of South Gobi is quite indictive of the DONK impact on the overall Mongolian economy and on the people of Mongolia. South Gobi was at one time worth over $10 per share and is now being sold for $0.35. I suspect that the people of Mongolia are more and more seeing the very negative impact that the DONKs are having on their lives and will make their voices well heard during the next election.
Mongolia is home to some of the best world class mining properties out their. Those developing these types of properties never make decissions based on short term comodity prices and are always looking at the long term view. When these projects get put on hold or do not get off the ground, it is always because of corruption and political reasons and in Mongolia, those reasons start and end with the DONKs in the GOM. These DONKs will try to blame everyone and anything else but the reality is that they are the problem.
As the DONK games continue in Mongolia!!!!!