Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Monday, May 25, 2009
Ivanhoe And The Mongolian Hordes
Ivanhoe (NYSE:IVN) may be facing another set back in Mongolia with the election of the opposition leader who wants more from mining companies. Everyone thinks it’s just another shake down where the mining company needs to just pay out more royalties. But what about the Chinese who are next door and do not have trouble raising cash? Why don’t they just write a check and make this Mongolian guy real happy right now. Geo-political risk is a bitch.