Sometime in the next 12 months, an energy IPO offering in distant Mongolia already has foreign investors salivating.
The darling of the international energy community is coal company Erdenes-Tavan Tolgoi ("Five Hills") Ltd., popularly known as TT, which has yet to begin operations.
To give an idea of the potential foreign interest, analysts believe that the IPO will be handled by Goldman Sachs Group Inc. and Deutsche Bank AG.
What is TT bringing to the market that has caused such interest? A massive deposit located in the east Tsankhi area of the Gobi desert and estimated to hold over 6.4 billion metric tons of coking coal, the world's biggest untapped deposit of its kind. Full article at: Mongolian Energy Resources
pump and dump? lol
pump and dump? lol
It makes you wonder if oilprice has been posting his little commentaries for years in anticipation of plugging this IPO.
this will most likely be a great company and the boom in mongolia has been going on for 10 years now. TT has also given every citizen in the country I think 500 shares in the company. When it IPOs lots of ordinary people are going to have some extra cash!
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