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Anonymous
The Golden Mongol Horde 2017-02-20 08:42:35 Post No. 1808767
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The Golden Mongol Horde 2017-02-20 08:42:35 Post No. 1808767
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After the news the IMF is bailing out Mongolia for the SIXTH time since 1990, anyone else see this as a great opp to invest in their mining companies?
Mongolia can't pay their debts. At all. They would've missed a $580 million DBM bond, and now that debt next year will be $2.2 billion DBM. Their currency is cheap and their mining stocks are cheaper. Copper, Lithium, and Gold are three things that will never not be needed. And these are their main exports outside of coal. Since winter is almost over, coal's price will drop. Adding that China will be cutting its coal powered heat/electricity in the future too, Coal is just a bad thing to get into now.
So what do you guys think? Mongolia a good place to throw a few grand or nah?
Source:
https www.bloomberg.com/news/articles/2017-02-20/mongolian-bond-prices-jump-following-440-million-imf-bailout
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>>1808767
>invest in a country whose government has a worse track record than Greece
Yeah okay
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>>1808772
Clearly a country isn't going to fail, and its resources aren't going to be stopped needed. The IMF made that very clear.
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>>1808767
Why bailout Mongolia? I don't think global markets really care about a mere $440 million.
Does the IMF really want to control EVERY SINGLE country?
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>>1808767
I have fully invested into throat singing
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