Morning Folks.I've been doing a bit of light reading in order to...

Morning Folks.

I've been doing a bit of light reading in order to shed some light on the recent HAR SP decline. Came across this article out of Mongolia. It's main relevance is not directly to Haranga, however, indirectly, may be part of the issue. If the Mongolian Government does enact laws to decrease foreign ownership, how do people think this would affect a non Mongolian company on Mongolian soil?
Surely Lippo would be privy to the changes.
Is anyone knowledgable in this type of law?

30/4/12

"The Mongolian parliament is discussing a law that will control investment by foreign state owned firms in strategic assets says unofficial source.
The source says that in near time, the Mongolian Parliament’s plan to change the law is to ensure that acquisitions by foreign state-owned firms in strategic firms, such as resource companies or mines, will go through a government vetting process akin to that practised in Canada and Australia.
Currently, there is no shareholding limit for foreign state-owned firms looking to invest in Mongolia’s strategic firms."

http://www.business-mongolia.com/mongolia/2012/04/30/mongolia-to-control-investment-by-foreign-state-owned-firms-in-strategic-assets-by-new-law/

Aside from that, my holding is still intact. Got the wind up a little in yesterdays trading but quite happy with the close. A few of the computer generated TA sites are looking reasonably positive of a SP turn around.