Mongolian Mining Corporation (QX) (MOGLF)

I'm starting to look closer at this given the current climate.

I take it no one listened ... :)

Looking just about ready for another play here.

I see the railroad is already 98% complete, and commissioning in July 2021. One would think that will put a floor under this stock.

Son of a bitch is rolln' eh?

Well...It's current Chinese policy to screw Australia. They are yapping at one another.

Hong Kong stocks are moving | Mongolian coking coal (0975.HK) rose 137% in three days Mongolia overtook Australia as China's largest supplier of coking coal.

On December 7th, Mongolian coking coal (0975.HK) rose 49.38 per cent, or about 137 per cent, to HK$1.21 in the past three days, ingesting a market capitalisation of HK$1,245 million. Statistics show that Chinese imports of Australian coal fell 96% in November, and more than 80 Australian coal tankers, worth more than 5 billion yuan, are currently stranded in Chinese ports. And with the subsequent impact, Australia will cancel more than 10 billion coal orders. At the same time, Mongolia successfully overtook Australia as the country's largest supplier of coking coal in September.

???? | ????(0975.HK)????137% ?????????????????????__???? (sina.com.cn)

On October 19, MONGOLIAN MINING (00975.HK) announced that as of September 30, 2020, the Group had sold a total of 1.2076 million tons of coking coal products, an increase of 65% yoY and an increase of 8% yoY.

The Group's crude coal production volume amounted to 2.3505 million tonnes, an increase of 283% compared to the previous month and a decrease of 31% compared to the previous year. Processed coking coal crude coal amounted to 2.238 million tonnes, producing 1.0634 million tonnes of washed coking coal, an increase of 198% over the month and a 24% decrease on the previous year.

MONGOLIAN MINING(00975.HK)??????????120.76?? ????65%__???? (sina.com.cn)

Last updated: 2020/05/06
Note: The
Balance sheets are presented using two methods, as the reporting structures of banking and non-bank companies vary according to the requirements of accounting standards and financial reports.
http://www.aastocks.com/en/stocks/analysis/company-fundamental/balance-sheet?symbol=00975

Massively rising coal/coking coal price in China and economic boycott against Australia.

Hong Kong. It is what it is...

Stock strength vs bond/note weekness

The fact that the 2024 bond is trading below par and perpertual note is trading at near record low (~30c) makes it hard to understand what is fueling the rally in this stock. The company can not buy back shares or distribute dividend prior to the redeption of the perpertual bond.Any ideas on the reason the senior claims are not part of the rally?

The HK exchange is fun and crazy...eh?

looks like an extract from their 1H 2019 results.

Thanks for the helpful information. I don't see any references to this on the company website, but perhaps I just missed it somehow. Regardless, this is great news. This reads as a company whos future is bright, and I would much rather have that then get taken private for a near-term pop. It is stunning how fast they are building the RR, and how many people they have working on it. The confluence of events are all positive for MMC. This could be a 2-3X in a year if the RR comes in.

The Group's gross profit was nearly US$130 million, up 20.1% YoY, while shareholders' share of profit was US$47.1 million, up 59.4% YoY. MMC chief executive Battsengel Gotov said earnings growth was higher than revenue due to higher sales and basically stable production costs. The group's main customers are from the mainland regions of Inner Mongolia and Gansu, where he says demand for high-quality coal mines has increased as a result of increased environmental controls in the mainland. As for the trend of coal prices is expected to remain stable.

The rail network, which runs through Mongolia and Inner Mongolia, said it expected to open in 2021, when it would address the current bottleneck of transporting coal only by truck, increasing transport capacity to China by 30 million tonnes, while transport costs were expected to be cut in half and the group would benefit significantly.

Try up 150% in two days on volume. Someone knows something, that is for sure.

Maybe they are being taken private; there are a few things that might explain this, but something is in the works for sure, and I don't think it is a railroad being built that won't be available until 2022.

Now up over 100% in one and a bit sessions.

Is it going to be privatised? Its controlling shareholder should have the cash after its deal with Cerberus earlier this year?


Global Investment Firm Cerberus Acquires Stake in Certain MCS Group Companies
ULAANBAATAR, MONGOLIA and NEW YORK – 24 August 2020 – MCS Group (“MCS” or the “Company”), which consists of over 20 companies operating in various sectors such as energy, engineering, mining, real estate, telecommunications, and consumer goods, today announced that it has completed a transaction with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. An affiliate of Cerberus has acquired approximately 20% indirect ownership or notes convertible into equity of seven MCS companies operating in the telecommunications and consumer goods sectors.[color=red][/color]

Huge jump on strong volume. No news out there other than work on the railway. Wonder what is in the works?

Things looking up. Grinding up on strong volume. RR finally getting built, but not ready until 2022. My main concern at this point is can the company remain viable given their level of debt until then? The reduction in cash flow due to Covid has been horrible, and they have cut costs, but they have the debt overhang.

Flat....

Late but not forgotten:

A rough USD627 million for 2019

-earnings before interest, taxes, depreciation and amortization adjusted @ USD241.6 million

http://www.mmc.mn/uploads/e_00975ann-20200323(20200323_1601).pdf

Keep coming down...haven't been in this for a very long time and am getting ancy'.

Oh my...what's gonna' happen tonight over in HK..eh?

So here we sit, one year later, with the company turning out almost exactly the same volumes as 2018, but the stock is down by about 2/3. Either the market is very concerned about their debt load, the next year or two price they are going to get for their coal, the GOM favoring the government owned coal mine next door to the extent of purposely trying to diminish the viability of MMC, or some other reason. Too bad this company can't pay a dividend (due to the debt load), because that would go a long way to addressing the share price assuming the other concerns are non-issues.

This one is starting to enter the tickler' file moment. I have not played this one in a very long time.....but it is getting near....not that near...but..;)

Well..given the perpetual...I never thought they would be able to consolidate shares...but they did. This one has always been a strange one in terms of the share price. I have seen absolutely nothing in the news to explain the decline. They sold less coal based on the last filing ..but produced much more than normal...so?

This thing keeps grinding down, and P/B is now about 0.1, which is way lower than average coal companies. We realize there are no guarantees regarding coke coal prices going forward, or certainty on demand from China. On the other hand, it appears work is finally underway to build a railroad that MMC can leverage once in place, which is a major issue for their cost to deliver their product, as well as volume capacity, yet the market appears to not be pricing this in.

I wonder if the market is concerned this company will go bankrupt yet again. They have about 600 million dollars in total debt, which it appears they can service the interest on (which is fairly high levels of interest rate), but can they really ever pay it down? That's the only thing that concerns me, other than of course the current state of the share price.

Thoughts?

Puppy is getting hammered down.

Welp..nothing to moderate...so off for now.

Current share price reaching an all time low. Considering where the Company is at today compared to prior years..it's completely absurd. And so it goes...

Apparently Adfin can not get their act together with MOGLF charts...and so it goes.

Coking coal futures adding weight to the down side here..ha!..duh..eh?

Hanging by a thread. Futures..eh?...besides everything else.

Critical Futures bounce. Not sure if it holds...maybe need to retire from here for a few plus Months.

Coking coal futures hitting 2017 numbers currently.

Going to have to change that chart to a weekly view in the header. Very stagnant...eh?

Keep in mind that the consolidation has occurred...temporary trading symbol...will adjust when appropriate.

Yeah...really old news though.

MOGLQ changed to MOGLF. Bankruptcy cases closed.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

http://iis.quamnet.com/media/IRAnnouncement/975/EN_US/003591880-0.PDF

http://iis.quamnet.com/media/IRAnnouncement/975/EN_US/003591880-0.PDF

Interim Results:

Revenue up approx. 20% on increased sales and marginally higher ASP

Gross margin largely unchanged (+/-40%) and GP up close to 20%

One-off loss of $18m and related to long-term external mining contract/kit due to inability to ramp fully up and reflecting border bottlenecks i.e. why produce more if you cannot export and sell?

Refinancing gain of $21m

PBT $68m or $65m normalised after allowing for the 2 entries above

Question: what further potential provisions exist in mining contract if any?

Prices seem to have softened slightly of late but 2H traditionally the stronger period for volumes. So $100m NP should be expectation for full year

Current ratio getting closer to 1 after years in the doldrums suggesting liquidity reasonably healthy

22/08/2019 20:19 00975 MONGOL MINING
Announcements and Notices - [Share Option Scheme]


ADJUSTMENTS TO OUTSTANDING SHARE OPTIONS (121KB

22/08/2019 20:49 00975 MONGOL MINING
Announcements and Notices - [Overseas Regulatory Announcement - Other]


OVERSEAS REGULATORY ANNOUNCEMENT (162KB)

22/08/2019 20:49 00975 MONGOL MINING
Announcements and Notices - [Overseas Regulatory Announcement - Other]


OVERSEAS REGULATORY ANNOUNCEMENT (162KB)

Oh my...hello Hong Kong. At least the volume is still nil'.

How about that futures crash...back to 17' prices.

«HKEx»- 00975 MONGOL MINING - FORM OF PROXY FOR USE AT THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON THURSDAY, 22 AUGUST 2019


Release Time 2019/08/06 16:39

Proxy Forms


«HKEx»- 00975 MONGOL MINING - PROPOSED SHARE CONSOLIDATION, PROPOSED CHANGE IN BOARD LOT SIZE AND NOTICE OF EXTRAORDINARY GENERAL MEETING

Release Time 2019/08/06 16:35

Circulars - (Exchange or Substitution of Securities)



«HKEx»- 00975 MONGOL MINING - NOTICE OF EXTRAORDINARY GENERAL MEETING

Release Time 2019/08/06 16:30

Announcements and Notices - (Notice of EGM/SGM)

Scary everywhere..eh?....or not. Crash here..given.