RIO

Has anyone looked at ASCUF, it’s been rising steady every day for the last month

SOUTHGOBI Resources SGQ.v and 1878HK!
More and more stabilizing information are being released! Looks almost like market is being prepared for something coming! ?
https://www.google.com/url?rct=j&sa=t&url=https://macrotrends.net/stocks/charts/SGQRF/southgobi-resources/other-long-term-assets&ct=ga&cd=CAEYACoUMTI0MDQ4NjEyMTEwMzM3MTUzNTcyGTQ2ODFjMmEzN2I3M2FhNmI6Y2E6ZW46Q0E&usg=AOvVaw1kV7zunF_u7d4E9biizxKT

Let's see why would Rio move up! Increased demand worldwide for what they mine and sell! Increased profits and increases to the dividend. I like this stock bought 5000 shares on Thursday

1878.HK. - SGQ.v
https://www.google.com/url?rct=j&sa=t&url=https://www.ainvest.com/news/southgobi-resources-agm-approval-signals-governance-strength-strategic-clarity-debt-deferral-2506/&ct=ga&cd=CAEYACoUMTEyOTg3NjkzNjk3NzEwMDA5NjYyGTQ2ODFjMmEzN2I3M2FhNmI6Y2E6ZW46Q0E&usg=AOvVaw0K-GCS5kHbBDk2VFc-0QtE

Another by comparison to RIO very small Coal producer!

A strictly personal view. 
SouthGobi Resources Ltd., in Toronto SGQ.V, in Hong Kong 1878.HK, has a little over a year ago awoken the interest of JD.com who through their subsidiary JD Zhixing Fund L.P. acquired over 64 Million shares of SGQ plus bought out their debt convertible debenture of US$250 Million for an undisclosed amount.

https://stockhouse.com/news/press-releases/2022/05/26/early-warning-news-release-for-jd-zhixing-fund-l-p
JD Zhixing took 2 seats on the board of SGQ.

SGQ reported for Q3 record profits. I believe 2023 Q4 will exceed those! A year later SGQ could possibly repay their debts.
Shivee Khuren/Ceke is the ??/ ?? Mongolia / China border point for coal shipments by truck only. It is 45 km from the SGQ - “Ovoot Tolgoi” mostly open pit mine, where they process and wash their coal. Then loaded on trucks by conveyor belts. Each truck has load capacity 100 to 140 ton!
For this Q-4 it is my estimate they will ship out a minimum 200 trucks per day. That is 20,000 ton per day x 22 days = 440,000 ton per month x 3 month = 1,320,000 ton for the quarter!
Average current selling price per ton is low estimate of US$90 per ton. Gross cost of coal production, prep, transport, royalties to GOM, = US48. Net profit per ton US$42
Total profit for this 4th quarter estimate a minimum of US$55,500,000 ! Multiply by 4 quarters US$222,000,000. Make allowances for bad weather days, production problems etc say next 12 month net profit a fair minimum of US$200,000,000
Divide this by 295,000,000 outstanding shares!
Per share profit US$0.68 = C$0.92.
Any minimum profitable company share trades at minimum 2-3 times earnings. So share value in a year could well be between C$1.80 to C$2.70 !
That is the present value x ten!!!
Their shares trade at Toronto Venture exchange as SGQ.V in Can$ and in Hong Kong as 1878.HK in HK$.
With proven reserves of 140 Million ton, SGQ has at very least a 25 year coal supply!
The main market is China and their demand is rising!

https://southgobi.com/html/index.pho

I believe SGQ can produce 5 -6 Million ton of quality coal per year in 3 main categories. SGQ can be more competitive than most other producers due to their advantageous location and very efficient management! I
I wrote the above personal opinio

I think it is going to 60ees

Iron ore price declined significantly

Maybe people say what a shit stock it is that’s why twitched

This is hacked by sweepcast, it’s annoying to see these copy paste comment. Useful user talk just leftovers

It’s fundamentals value is over 65/s they are just back testing and buying back and help their investor to buy and take it to 100 rio. It will get back to normal next year. No worries investor. Throwing day trader away to close revolving LOC.