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Canadian Investing / Canada - Microcaps
|Subject: Mongolia Growth Corp||Date: 11/17/2011 12:34 PM|
|Author: tengen||Number: 3291 of 3296|
Anyone else keeping an eye on YAK-CN? It's a frighteningly small company ($7 million market cap) trading on an obscure exchange. They do have an interesting business model (selling picks and shovels in mineral rich Mongolia). I stumbled across YAK because it's being run by Harris Kupperman, who I think many people know from his investment blog.
I googled around a bit and found a few odds and ends.
A picture of Kuppy in his Mongolian office:
An interview from June:
This is a guy the Occupy people should love. As CEO, he gets no compensation of any kind: "Nothing. No stock options. No salary. No bonus. No performance allocation. Nothing." He owns a major piece of the company so he will do well if the company does well.
Looks extremely risky but I'm sufficiently intrigued to do some more digging.
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