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The thing we have to remember is that the prediction's are just that and until we are told otherwise by MB, let's hope the LP arrives soon and with spud date imminent all this in-house banter will be just that, so looking forward to good times ahead and an SP appreciation. GLA shareholders
Doc83 you are a nasty character that's for sure, you know I said I'm taking a guess first week of April but believe LP will land in April, dude you are just an idiot have zero respect for you now, your indirect derampings have been seen here by many and you have no credibility to your posts
Looking forward to a great week coming up…and breaking 7p on anticipation of LP….once it drops then it’s hello 15p IMHO
Mr master agree with mr Rich think this does not need Parliament session but Cabinet meeting only.
This is not law change or anything like this but special certification which only need Cabinet signature
Think we all make good estimate of time for this & not big issue to criticise other poster if he or she make estimate few week out.
Does this matter when price should multibag on this? Everyone with all documentation already prepare & sent to Ministery with URGENT status think it is very good guess will be any day now with pro business Cabinet signature needed.
Also understand last 5 tender block only get 3 bid & why mr J Ganbataar Minung Mu hater go on foreign promotion tour.
Next licence block coming up and Petro Matad LP need to be out. Govt know this
Any who think no LP yet I sell will also think LP come any day now and can lose massive rerate
Think in header title ;)
Happy :)
iamrich: “With all the evidence and information to hand I can see the LP landing In the next week or two tops,”
You also said a few weeks ago it would be first half of April. The guessed dates keep getting pushed further and further out.
Let’s hope for all our sakes that yet another prediction this time turns out to be right.
Fro. Last RNS 3rd April
Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area. The certification is being proposed on the basis that the Heron development is a project of national importance. We are pushing for the matter to be brought to cabinet urgently in order to allow in-field activities to commence to make the Heron 1 well ready for production
Both matd and the British ambassador are and will still be pushing the mrpam for this to get to cabinet asap, so like I said the cabinet are waiting to to get this done too and won't be sitting around
With all the evidence and information to hand I can see the LP landing In the next week or two tops,
I’m just gonna let it run. Trying to block out the white noise and look out for misters translations!
Master82, from all your posts and other information we can understand that the cabinet the central government are the ones that were pushing. Local government to get this done,
Once mrpam ministers have finished and passed it on to cabinet this won't take more then a couple of days to sign off, its important to them now also as classed as national importance
The LP will land anyday now, we saw how fats things started to move in the last month with meetings and surveys done around land allocation and so on, it's all ready just the admin check over
Few good points, firstly as said, surely Mongolia have to give license soon to keep any credibility as an investable country.
Manro also right in saying we could end up in a position where we hit oil twice and can’t get any out of ground due to no LP and awaiting yet another exploitation licence in the other….let’s hope your right Landicaamans and MB does have his balls in alignment…..
Agree with you on pre drill rise pattern , although it does sometimes drop near spud as profit takers bail out……I may be one if no LP by then, but hoping we get LP and spud combined rise…..either way by this time next month this will have developed and hopefully be in double didgets, exciting times
Parliament is on all next week .
I think L.P. has been sorted as the mpram minister and the British delegation have both been to the parliament.
I don't think they needed a special session to discuss the signing off some paperwork.
Pope Francis come to Mongolia in September. This have no relevance to investment but say this for all brother & sister fellow holder who are of Church :)
Think header say all when we look at potential "country making" drill.
Say before investor will jump in for this but some people start to take position early for short drill so only see this momentum get bigger
LP special designation come any day lijecwe say & all indicator look like April for this. If come in May no problem because like header say Velocirapror price momentum build up & JUST start.
LP have status of National Importance so think will be April and will see such big re-rate one who sell will be afraid it come next day ;)
Think we have many good reason to see price build up now & good for all long term patient holder & new but very well research one like me
Happy for all :)
British Trade Envoy Visits Steppe Metal Powder
montsame.mn 2023 04 16
Mr. Philip Malone, Ambassador of the United Kingdom of Great Britain and Northern Ireland to Mongolia, Mr. Daniel Kawczynski, UK Prime Minister’s Trade Envoy and MP, and Mr. Elbegsaikhan Ayush, Head of Mining and Infrastructure at the UK Embassy visited Steppe Metal Powder on April 10, 2023.
During the meeting, the guests and the company executives discussed how British and Mongolian companies worked together to complete the plant project and exchanged views on further collaboration opportunities. At the end of the meeting, Mr. Daniel Kawczynski and Ambassador Philip Malone wished success to the plant team.
Steppe Metal Powder is an export-oriented production plant, which has a wide network of suppliers, customers, and partners in Europe and Asia. Having introduced the most advanced British and German technologies and equipment, the plant has a production capacity of up to 3000 metric tons of metal powders per year.
You guys don't sleep or spend time with family during weekend?
If Mongolia ever wants to be taken seriously as an allegedly safe and respectable country to invest and do business in, then they have to grant the LP and let Matad extract the Oil which at the end of the day would be hugely beneficial for us and also for them.
If they don't grant the LP and then still let MATD go ahead and drill for more oil knowing that they could find oil and once again never be allowed to extract it, then it would be the equivalent of commiting business suicide for them.
Who would ever invest there going forward knowing that they have treated a foreign investor like that?
Things move slow over there, but they are now finally moving. It's as hugely beneficial for them as it is for us.
Nothing is certain of course, but I honestly can't see how the LP won't happen now.
I'm keeping my fingers crossed non the less ...
Manro I know your uncertainty but I think and for you it's happening very soon l. Too many things coming into place - stay strong
Let's see. But I am not so sure.
Personally i think LP will land well before june.
and to start drilling Velociraptor in such a crazy situation when the company is deprived of the opportunity to start production from an already found source at Heron, will not just be complete idiocy. But another outrageous scam and theft of investors' money.
12 days since the last RNS. Hopefully we get some concrete information soon
So we are currently in the pre- drill rise phase of this share, with a few drops of possible pending LP coming in……pre drill I think should take us to 7-10p…..
But then decisions for holders start….if LP lands before drill happy days.
If Drill goes ahead and then dusts this will fall heavily, and we’ll once again be waiting for LP.
If LP and strike - we’ll all be loaded……. But decisions about entries in and out or top skimming are going to be tough calls based on all different variables…
Let’s just hope LP lands sooner rather than later as few clues in Mikes RNS as to timescales in this Mongolian government .
Sorry for delay in responding master82, been busy with friends having a Aintree lunchtime fun day. This year happy to say came away with around £10 in winnings rather than losing. AXL does has its issues like many other companies. However, I do like the look of this company. Enjoy your evening.
I am rich. Parliament should be on next week.
They have not produced a schedule yet.
It's been running past few weeks
Thanks for replies and informative posts. Just have seen other shares before on both markets and they seem to follow each other . Looks very promising here.