RE:RE:GOM Can Not Be Trusted
As far as TRQ goes the Mongolian authorities/ government have ALWAYS been a far bigger problem that metal prices. It will be like clockwork! As we aproach the next election, the DONKS will start making noise as to how Tinto is ripping Mongolia off (Even though GOM gets a free ride on its 1/3 interest and benefits from lots of taxes, fees and economic development) . The stock will start heading south and if the DONKS win the election, it will be a mess. The last time this happenned, Tinto had to stop all development work at the mine for a number of years till the DONKS started to wake up. DONKS were finally replaced by current government last election and the current government is proving to be a pain in the rear end - although not as bad as the DONKS who ran the last government.
Looking to average down - wait till it gets into the thich of the election noise and be prepared to average down further if the DONKS win the day.
welcome to the DONKathone in Mongolia!! ;-)