The good news is that the management of Mongolia Growth Group was prescient enough to realize what was happening in the country and took steps mitigate cash outflows from the company.
This has resulted in the company being in a treading water mode waiting for the economy to pick up. I think a bottom may have been finally been reached in the company stock. The last few weeks the stock price has been acting very well and appears to be putting in a bottom.
This may be because of the recent news by Rio Tinto that although they intend on cutting back on capital expenditure they will continue investing in the development of the huge Oyu Tolgoi copper and gold mine in southern Mongolia.