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Poole: Clearly, we'd all like to to at blue numbers. I guess that's the downside to investing.
Nevertheless don't give up hope because this baby will (within the next few weeks/months) put a smile on all investors faces!!!
Yours truly.
How is it, we have had two days in a row, where the bought shares how outweighed the sold shares, yes on both days the share price dropped!
Got to love a bit of aims scare mongering lol
The government minister told MB it would take him 1 to 3 months to get the LP sorted, that's virtually like saying yes you can have it but it's going to take me some time to get it done, maybe he just got his sums wrong and he should have said 2 to 5 months.
Very good news & show direction of Govt to support investment and take control away from others who will stop this
Happy for the weekend to read this :)
STATE AND LOCAL INSPECTORS OF THE INDUSTRY
MET THE OFFICIALS OF THE EMBASSY
According to Resolution No. 417 of the Government of Mongolia dated November 23, 2022, it was decided to liquidate the activities of the Professional Inspection Organization on December 31, 2022. As a result, control functions were transferred to ministries and their subordinate organizations, and the issue of geology, mining, oil and gas control came under the jurisdiction of the Ministry of Mining and Heavy Industry.
In this regard, Minister of Industry J. Ganbaatar met with officials and experts in charge of supervision and gave instructions.
According to him, with the control issue coming under the jurisdiction of the ministry, it is possible to carry out comprehensive activities of "policy determination-implementation-control". Therefore, it is necessary to get rid of the concept of "reviewing and checking" and work in the cycle of "collecting actual information and facts necessary for policy determination, making proposals", "implementing the defined policy, advising on its implementation", and "monitoring the results". The Ministry of Mining and Heavy Industry is working to ensure the legal stability of the industry, foster responsible mining, and improve the investment environment. Therefore, he said, it is necessary to pay close attention to the implementation of the law, to make conclusions on every violation, violation, and misunderstanding, to solve the problem, to strictly fight against irresponsible mining, and to create friendly conditions for investors.
According to Resolution No. 295 of 2022 of the Government of Mongolia, the structure and number of staff were increased to organize regional offices in the region. Accordingly, Minister J. Ganbaatar emphasized during the meeting that the representative offices of the AMGTG have been established in Dornod, Umnogovi, Dornogovi, Selenge, and Hovd provinces, and these organizations need to work in close coordination with the state inspectors of the provinces.
Dozzawba - that's fair enough. But we could say they've lost revenue already with the (continued) delays. It hasn't stopped them still not giving out the LP. Any ideas why there are still delays?
Welcome back MrP - our lovely nightingale. Thanks to your wonderful singing I have got so many these rubbish shares that don't need anymore of them. Moreover I'm ready to give them to you as feeding. Just wait for the next couple moths to see the further fraudful deals from your swindler and thereafter you can get my free present :-)
Excellent Summary Dozzawba and an entirely reasonable judgment
of the situation in both blocks. Thank you
Just cannot see it tbh. 2 years loss of revenue for MG, doesn't make sense. If you read back on the various posts on here and what has been said by Buck and what has been posted on MG news outlets, the local government passes the land permit. Locals due to the way they have been treated by PC are against agreeing to the Land Permit. They have not benefited from PC at all and the environment has suffered. The difference between Block XX and Block V. In Block V PM on previous drills have worked closely with the locals, both with services they have provided and have been environmentally friendly hence why all permits have been granted.
PM have recently done some work in the local Dornod area at their own cost - in Block XX, hopefully this can change the mind of the locals, whilst work is also going on in the background with the British Ambassador, Mining Minister and Deputy Justice Minister, so to summarise i do not think in anyway that PM are being held in Heron due to the Oil Refinery. I just think it's another deramping ploy by certain people.
Carlos
We have route to Market and MOU with Petrochina to send Heron crude to Chinese Oil refinery just across the border either via the old trucking method or using spare capacity in Petrochina pipeline. Benchmarked to Brent Crude less 5% discount (if i am not mistaken).
Why would they though? Surely they would want everything to be ready and immediately operational for when the refinery is finished and ready to go? I do share your concern though, we can only speculate at the moment.
Been thinking about this since the last RNS. They clearly said no more funds needed with over $6m already in the Bank.
Velociraptor is low cost circa $2m. So we do not need the extra $10m ? What is it for then?
Are they looking to drill Saiga (57% COS) also together with Velociraptor? OR
Did they need funds raised quickly to snap up some highly attractive Blocks in the South / inner Mongolia region close to the super giant 23.8 Billion barrel Changqing Oil field ?
If we get a block close to Changqing, with lets say potential 1 - 2 billion barrels....then i am up for it.
Will find out soon.
Could be Manro Top up trade.
Miss the old Manro back in Feb 2017 when he would post like....MrP 200k Buy done....
Thanks the lot MisterPositive... that has solve my inquiry and much obliged for you to take the time.
Zellman.
Those look like Cancel & correct trades.
Cancelled-50k and replaced with +150k.
Dealer probably entered wrong Qty on the original trade.
Hope all good.
Totally agree with that Zellman, us LTH's have been shafted again. As said i still think it will come good. Imo Buck will be a very brave CEO if he doesn't produce a positive RNS before the AGM and basically a very good damn reason for the placing after saying we didn't need money in December.
Okay ,I have responded in a way that I feel is straight and true to the way you approached my email.
Now to put you straight on why I have a grievance with the latest MATD fundraising .
It could have been first opened to Long Term (suffering) Holders of MATD for a period of time say 7-10 days for them to register there interest in the amount of shares they wish to purchase @2.5p and provide proof of funds for the purchase the the shares.
If the full quoter of £6 million of MATD shares had not been sold then the remaining shares could have been sent to the open market for sale to the general public..
This may have reduced the amount in the reduction of the share price and also given the people who have supported this Company thought the many years a chance to have a good earner in the process..
The way this looks to me is..... everyone in the loop got the nod off M.B ..the share price dipped before the announcement for no apparent reason...LTH got a pittance amount of shares to fight over..To me it just stinks..Saying that... I do believe in the future of MATD its just that LTH have again been robbed by short term profit makers on are long term price we will end up with!!.
What are the chances the Mongolian Government delays the Land Permit until the refinery is up and running next year? Isn't out of the question IMO
Alans55: To be very honest, I don't think this PM needs to be pushed more than it is already. However, I fully agree with your statement "...if all comes to fruition here, this share is going to be worth a lot of money."
Good job Alan and good luck to you!
Zellman: Pls accept my apology for ruffling your feathers.
Owning PM shares is not the issue and "me thinks" means nothing other than "I'm not sure but I'm going to say it anyway".
My post was meant to remind you that there are people on this BB who are enthusiastic about this share - and may therefore not like your comments (like me). Clearly, all opinions are allowed - the respective posters just need to accept the fact that they may be critisized; if they can't take that - they shouldn't post here.
Brgds
I don't think they are pushing it too much. I think it needs to be pushed more because if all comes to fruition here, this share is going to be worth a lot of money.
Someone ask me about my BUY in open market last Friday. I tell them exactly which one for £10k
Someone ask mr Bad Prophet why he post & shameless he say he ONLY post to upset holder of share
I think this show some real emotional problem for him. He can try to laugh or say he does not care but he know only people who have big insecurity or not confident do this trolling for fun like him
Would not like to be you mr Bad Prophet & know you cannot run from your nature. You must look in mirror every day & see weak person who look back at you
Be happy sir
BP why don't you disappear. If you're not invested as you stated, what does it matter what FA, PhilipTan or the like post. It doesn't affect you. As said sad, deceitful and bitter person. Do everyone a favour and sod off, saddo
I will respond Ojay ..I own MATD shares and have done for a long time.. Insulting myself or any other person who has an opinion is a low form of trying to belittle or shut that person up ....Now why would you want to do that Ojay?
Better you judge my post on what it say about all development MÀTD have now & RNS shareholder can expect mr BP
Look at header and see all RNS that we expect
But you cannot do this because what I say is all FACT
This tell me enough about you sir ;)