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Well done again masters on informative post. All positive news. KHE
What’s the point
Any sellers are amateurs submitting to the lemming effect. Otherwise, they would have sold in fhe 5's.
Don't panic. Mms playing games they want shares before this goes upwards.
Deputy Prime Minister S. Amarsaikhan, who is on a working visit to the United Kingdom as part of the 60th anniversary of the establishment of diplomatic relations between Mongolia and the United Kingdom, met with British Deputy Prime Minister and Minister of Justice Dominic Raab today and discussed bilateral relations and cooperation.
At the meeting, Deputy Prime Minister S. Amarsaikhan said that Mongolia attaches great importance to the relationship and cooperation that Mongolia is developing with the United Kingdom as part of its third neighborhood policy, and is ready to support any initiative of the United Kingdom aimed at intensifying trade and economic relations. Britain expressed gratitude for the new trade scheme for developing countries and the decision to include our country in its expanded program.
Further cooperation in the implementation of Mongolia's long-term social and economic development policy, including the "New Revival Policy" approved by the government, and a request for funding from the UK for the implementation of the "Smart City" project in this context. Also, the Government of Mongolia paid special attention to the development of the tourism sector and mentioned that citizens of 34 countries, including the United Kingdom, have been exempted from visa requirements.
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On this occasion, Deputy Prime Minister and Minister of Justice Dominic Raab mentioned that the British Government is paying particular attention to the development of relations and cooperation with Asian countries as part of its Indo-Pacific Tilt policy, and the relations it is developing with Mongolia are good. said that he sees it as an example. That is why the UK is paying special attention to the relationship it is developing with Mongolia, and is fully supporting and cooperating in establishing a partnership and cooperation agreement, renewing the Air Transport Agreement, and establishing a memorandum on export financing. In the future, he expressed his readiness to cooperate in the direction of increasing the interest of British entrepreneurs in entering the Mongolian market, attracting trade and investment, and strengthening the capacity of Mongolia based on the experience of Britain.
He also mentioned that the "Smart City" project presented by Deputy Prime Minister S. Amarsaikhan could be a reference project that will give real results, similar to the Oyu Tolgoi project, and stated that he would discuss the possibility of cooperation in this direction with other related organizations. He also expressed his interest in visiting Mongolia if there is an opportunity.
First invested here back when it was at 13p. Averaged down over the years to 4.4p and saw a lovely profit at 5.5p 2 weeks ago but didn't sell. This does feel a bit like the start of 2021 all over again. Ive held this long, so whilst part of me wishes I'd sold at 5.5p I can see this being 10p+ by middle of the year. Its hard when you see red but I truly believe this years the year! Patience will be rewarded, GLA LTH's
//amazing how that becomes cast in stone in PI's minds and then a mega depression sets in//.
To be fair the actual statement was that the decision would be made within 1-3 months from October ... and off the back of that the share price rocketed up over 100% ! So it was hardly an "off the cuff and not of much consequence" statement
Dqe is part of Chinese company
Mongolian Parliament session ended 20th Jan, but as Dozza says the cabinet & ministers are still working ( even if that is at a snail pace). MB obviously wanted to give us some good news in the last LSE video interview and volunteered the comment that the minister wanted to resolve the LP by a central government executive order in next 3 months - amazing how thast becomes cast in stone in PI's minds and then a mega depression sets in. I'm hopeful even if its month or two late its likely to come and then it'll be game on for massive re-rate and into production ( after H1 2-3 week work over) in early spring
Bigbench - the Chinese are also aware of this and I mentioned some weeks back that they could be getting involved in the background to block this.
This aged well (for me). I’m not a bitter person but for those who ridiculed me for taking my money after 3 long years in the red, you can now go get f**ked. For everyone else I hope MB sorts you out but wouldn’t be holding your breath.
MB must believe things are In reach...touching distance.. imagine being him and the frustration he's been through year after year... Glaciers move faster than the Mongolian authorities... then local tribalism comes into play.. but we all know Mongolians need this to free themselves from Chinese dependence.
If PM doesn't do it this year, then game over. Market will loose confidence and itll be end of road for PM.
MONGOLIA will be un investable
Invested for 13 years and first post? PhilipTan, Hamm?
Been in since 2010 after visiting Mongolia for a week for a wedding. I doubt too many have been waiting this long, but this is the year that the planets align. Will fill up if goes low enough. Patience will in the end be a virtue. This year should make me a great deal of $s.
Reckon we will get LP and possible drill date on velociraptor I'm Fe for some reason, never thought anything would happen any sooner and Feb would be the start of things here, I could be right the way things have been going.
iamrich- I think you need to get real. Sure, there can be delays. But this seems a perennial problem with MATD and MG. If this was a one off, fine. But it’s not and so there has to be some level of concern.
Always allow extra time to business plans, if it was this simple then we would all be running a aim company
It's not quite the end of the month yet there's another 2 trading days, maybe LP down to the wire like most things in Mongolia nothing rushed. GLA
Thanks Dozz
Wow lol grown up adults shouting and crying are we there yet!
Get real people in any country there will be delays in such business expecially in a country that smaller or new to the business,
Things are being done the CEO did a vedio interview listen to it and wait for new
Curiouser. Ref parliament the Autumn session closed last Friday 20th, but the wheels are still turning, cabinet still sits and has meetings as confirmed in Twitter posts on numerous Mongolian news websites. So we don't have to wait until next session to get the LP, this was also confirmed in an email I received off Philip Malone the British Ambassador who is actively dealing with the MG and PM and Mike Buck, so LP could be granted anytime.
Master - not sure I understand your last line. My average in price is 3.5p so getting close to being back in the red.
I’m not panicking though. It was a punt when I bought in originally and also when topping up, but something has never felt quite right about all this LP business. Philip Malone has even been involved for some time now and still no LP…
I hope I am wrong and we all make some good money soon, because I do agree that the LP will see the shares rerate very decently from here.
Doc, one way or another everybody is upset, agitated and fed up with the situation.
We have been waiting for 3 years or so, however drilling season is still 2 months away.
Hope MB starts to communicate with us.
Nothing has changed. Its just panic being created.
We still have till November.
Youll be going in loss soon