http://opendata.burtgel.gov.mn/lesinfo/5167329This is an official Mongolian website that clearly shows Bayajtatu has a foreign shareholder.
In fact if you were just to register an account at bluehillfoundation.com you would be able to see all state registration documents.
Not only that, but also the appraisal report done by Royal Haskoning on behalf of Bayajtatu. How on earth did BHF manage to get their hands on that I wonder.
But the pre sale is done and dusted. Let's wait till the end of year for the registration with FINMA.