SGQRF

https://open.substack.com/pub/stockpickerscorner/p/for-wealth-builders-coal-is-now-a?r=1xrqyt&utm_medium=ios

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

SGQ share price on mood basis only at ridiculous low prices! Patience to next earnings report July 20th is needed! Buying NOW!
I made some very conservative estimates:
Mongolia exports April 2024 coal to China 6.7 Mt!
Via CEKE was 30% = 2Mt
of that SGQ 20% = 400,000 ton
Selling average at CNY650 = US$90 per ton!
Tripple net profit margin US$40 per ton = 400,000 ton x US$40 = US$16 Million profit for April 2024. multiply x 11.5 month, (2 week holidays) = US$180 Million for 2024 = Can$240 Million divide by 295 Million shares = Can$0.80 per share! If traded at 3 x earnings, share price should be Can$2.40 per share or HK$13 per share!
I noticed last few weeks a lot of accumulation going on. Block purchases 100k to 1 Mill. when price low. Then big price drop with sales of only 500 to 20,000 shares.
Patience is NEEDED!
Interesting JD.Com subsidiary JD.Zhixing Fund, increased their SGQ holdings last 3-12 month from 64 million to about 88 Million shares!!!
Do your own research and DD
!