RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:GOM Can Not Be Trusted The GOM might be a factor in the poor performing sp but I don't think it's the main driver anymore. It has almost become a sort of ritual where every new Mongolian government tries to shake RIO down for some more money with the result of RIO politely telling them to get lost. I think the market has become accustomed to this by now. For all their bark the GOM knows it can't jeopardize the continued advancement of the underground when Mongolia's economic future depends on it.
As far as new investors coming on board you have to ask yourselves what's the rush unless you have nothing better to do with your money. By now the above ground production capacity and dollar returns are pretty well known so nothing exciting expected there. And don't forget that those limited dollars have to be divided into 2 billion shares which right there will scare off a lot of investors. If you're the type that eagerly awaits the sinking of a new mine shaft or when asked what's new by a friend responds they have finished a couple of more miles of an underground mine in Mongolia then buddy you need to get a life. So what's left to spur the sp to lofty heights? A copper price that has dropped over 35% from its glory days? How about the underground won't start to grudgingly release its wealth until at least another couple of years? Then there is a looming trade war between the US and China that could potentially affect TRQ's largest customer. I'm running out of ideas so any suggestions would be welcome to entice a new investor at this point in time.
TRQ's time will come. Shareholders can see the light at the end of the tunnel but I just don't feel the market thinks now is the right time especially with the pot stocks sometimes climbing 15% in just 1 day.