Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Twitter link to the Mongolian MP if anybody interested
https://twitter.com/Enkhbayar_bat/status/1589619913085583360?t=bXFKjnDwxnCKcvE17neLCQ&s=19
Another post from the same MP. Looks as though there are a lot of discussions going on in parliament ref land issues at the moment.
The researchers came to the conclusion that the distortion was caused by the Land Law, which puts the land into circulation with the content of a legally incorrect right called the RIGHT TO OWNER. Because of this, our citizens mistakenly thought that they had the "right to own" and became the owners of the land, and a hidden economy was created.
Thanks Doz, hope other shareholders follow you.
Also interesting reading from a twitter post from a Mongolian MP - google translation below - not sure what the land package bill is
At the meeting of the MPP group in the Parliament (2022.11.07), it was approved whether to discuss the Land Package Bill submitted by the government to the Parliament. At the Parliament, a working group was formed with a large number of members, and it was thoroughly discussed from many angles.
Dozz, thanks for posting. ATB
Manro, just received a reply off the British Ambassador - as follows :
Thank you for your message. I am aware of the issues PetroMatad have had in Mongolia and have been in regular contact with PetroMatad senior management throughout my time here. I have raised concerns a number of times with the Mongolian authorities, including recently, regarding the various problems PetroMatad have faced and the impact this has had on their ability to move ahead with their project. We will continue to support PetroMatad where we can.
Bowley, let's hope they don't issue billions of shares like confetti (ukog) to keep the lights on, should be enough for now to keep them going till next spring but what is the grand plan? Only a few more weeks and we should get some sort of Comms or at least a share award RNS with hopefully some sort of explanation because this is starting to feel to uncomfortable even for me. GLA
Hamm.
I believe due to the new bottom in share price Petro Matad should call an emergency AGM and through a media based web platform take live questions from shareholders.
The Petro Matad board should be in full attendance.
Any questions the board cannot answer directly on the day they must revert with answers within 48 hours.
What better way to demonstrate a commitment to shareholders, ESG and transparency,
Bowley, you know Mongolian language, culture and people and probably politics and business, please tell us what is your take of all this?
Oh bugger.
We are a 1p stock !!
Ojay still got those rose specs on I see
Finger out of where the sun don't shine more like. A disgrace .shambolic CEO
Where is Mike Buck when you need answers, he wants to get his finger or his wallet out and sort this out before we go belly up
Dozzawba, could you please post here what you have e-mailed to the British ambassador. I am asking it because we must all strike at the same and the most important points in order to draw as close attention as possible to the problems about which we are notifying and asking to intervene.
Ostraliamate: Looks like a lot of buyers agree with your positive stance and have taken the opportunity to add to their holdings.
I believe all posters on this board will feel relieved once the SP starts rising again - even if they have to admit their warnings were wrong.
Clearly, PM should get its communication act together and tell us investors what we are currently facing. In the absence of that, rumuors and speculations will govern the market/investor sentiment (as we've seen today).
Just reminiscing - blue chip investors/ tie up with DQE / production early Q2. Ah - heady days!
This is a classic pre rise shake out. Good news inbound me thinks. Nice try though.
Lol, Hamm buddy , seriously.......you sound desperate. Just enjoy Xmas and don't worry so much. Its all under control and the rewards will outweigh the risks and in the end it will all be worth it. Timing isn't everything, it's absolutely everything ??
Hamm, as many letters as possible to the embassy can only help.
Personally I think Petro China is probably the ones pulling strings at local level.
This is also the email address of the British Embassy in Mongolia, I have just emailed them and put for the attention of Philip Malone, would suggest other people also email him
Enquiries.Mongolia@fcdo.gov.uk
Very good comment, MON1. That is what we will do - bombard by our collectively signed letters to every organisation and bring their attentions to what is happening with British and other foreign investors giving permission to companies from such a corrupted country as Mongolia to operate on AIM market. If corrupt Mongolian officials can lure British investors to them, and then brazenly rob and even extort money for a mining license, then no less stringent economic and other measures should be taken by the British authorities against those who allow themselves such a brazen attitude towards interests of its investors, and hence the country as a whole.
Let's act collectively guys and defend our interests otherwise we are going to lose our investments completely. Therefore MON1 please take a lead and prepare draft of the letters to different organisation here in the UK and abroad which everybody who agree could send and present as collectively sighed document.
Here's the Twitter link to the British Ambassador to Mongolia Philip Malone
https://twitter.com/HMAMalone?t=iJTViUrhEu_9huSxRwiOKw&s=09
Hi all, I am an LTH (7+ years) and also very heavily invested, But I am getting really concerned about this company. I was also well invested in Anglo African Oil and they went bust overnight, lost everything. I am well aware that investing on AIM companies is a major gamble and accept any losses. But PM 3 years ago were on the crest of something huge. The culprits IMO for the current impasse must surely lie with whoever did the market research about seeking out Mongolia to do business with. Clearly a not to be trusted country, take heed any future investors in this part of the world. I am worried about losing all, again, so I am starting to sell some of my shares and looking elsewhere.
Moni, please tell us if you think we should write a letter to British embassy ourselves or asking MATD/MB to take this action if MB thinks MG is on purpose making the situation difficult?
Guys please comment here if you have any thoughts about that.
Thanks all