Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In a positive side MATD expects to get LP signed before AGM.
The game is still on. It could be any day.
Hopefully we get LP secured before the end of the month.
No more excuses can be accepted.
It wouldn't look good for MG if they are serious about attracting foreign investors.
Researchandhold said //BP is like a stain on humanity//
Notice of AGM would be an RNS & he can't RNS ANYTHING without the news that everyone is waiting for and expects.
Last year AGM 15th of February. This year?
AGM announcement 4 weeks in advance. So no AGM at least for 4 weeks.
No AGM because they hope they have secured LP before that.
Using this logic..... PM not convinced themselves they will secure LP in next 4 weeks?
@Hamm.
Yes you are right and unfortunately for many here this has been too long a wait.
I think MB hasn't done himself a favour by not giving us the full picture and this is adding to the frustration.
GLA
Aeschylus best post I've seen in days . What you have requested is not unreasonable. The response would likely push the SP down but all the same we are entitled to answers to all questions you have raised
A few questions for Mr Buck.
The final steps to the granting of the LP were outlined in the last RNS.
1. What is the delay please?
2. What stages (if any) are complete?
3. How much of our money is being paid in compensation?
4. Where is our money being held currently?
5. Will we be reimbursed by the Mongolian government from the budget (which is the normal source for compensation)?
We have been waiting 5 years spenting over $100m. We have had all sorts of permits. MG should give us the permit now. MG should overrule all the locals nonsense. No ifs no buts. If it were Chinese they wouldn't dare to mess around!
Or Prime Minister?
Assume PM is Petro Matad?
IAAC.
The Independent Authority Against Corruption is a special, independent government body charged with functions to raise anti-corruption public awareness and education, and corruption prevention activities, and to carry out under-cover operations, inquiries and investigations in detecting corruption crimes, and to review and inspect the assets and income declarations of those required by this law.
PM has decided to get IAAC involved to clear the land disputes and new investment laws.
Very good move in my opinion.
If you open your mouth, you will say "...Corruption", if you say "...coal theft, public transport, capital city, Development Bank, "Erdenetin 49", Oyu Tologi, Gangs..." Prime Minister L. Oyuun-Erdene During the Lunar New Year, he addressed the public with a "big" greeting. However, with the "Old Mongolian" with the horsemen, he said, "...How to remain alone in the globalized world is a problem.
We certainly have a lot of history. This nomadic civilization, festivals, and the white moon are our national identity.
However, during the pandemic and the postponement of the World Olympics, a large demonstration was held to postpone the 100th anniversary of the People's Revolution. Why not 99 years or 101 years?
In general, there is a word "silent majority". Many are silent. Many people violate their rights and lose their values by not expressing themselves. Because of this, some countries lose their independence and freedom. In other words, it is the understanding of why the country has progressed and developed. In general, what if there is a big policy to make everything that we want to be different from not different. We should pay attention to this."
Then, at the meeting of the Government of Urjigdar, they talked about the same corruption and theft and made some decisions.
Prime Minister L. Oyun-Erdene began to pressure the relevant officials to conduct the hearing of the wealth license, the hearing of the capital city, and the hearing of public transport.
He also said, "...Transfer all issues related to land to the ATC. "Also, all the people who participated in the original Investment Law, the members of Parliament who supported that law at that time, and the comrades who drafted the new Investment Law, should be transferred to the APC."
In addition, "...the more the people's right to know is fulfilled, the true truth of those who say great things will be revealed. Information about who got the resource license and capital land is still being revealed. It is here that the same group created today's inequality. The more understanding, the more public support. The dams of restrictive powers that protect all this and gain time will be breached. The water level is rising day by day. Citizens and voters will decide whether to stop me or not. Otherwise, no one can stop my fight. Will keep walking. "It will end just by walking."
Source: "Zuun Bada" newspaper, B. GARD
FEBRUARY 16, 2024.
RNS Friday if not next Friday, that's it no more arguing let's wait and see,
Only 2 months ago?
It feels like soooooo much longer than 2 months.
Patiently awaiting the long-promised news, when oh when will it come?
Whatever happened to “near term income from renewables.”
"Do yourself a favour and ignore the BB and re-read the latest RNS's"
I did. And it said "soon". That was 2 months ago!
So I have re-read the RNS and the stand out for me is "He has said he will sign once the money to make compensation payments to the 10 herder families impacted by the certification of the area has been transferred to the Provincial Government account."
Now I know it's a developing country however 58 days to transfer funds seems a little suss to me .
Maybe an update to explain where these funds have gone
I'm past caring what happens to the share price . Just some integrity from MB would be appreciated at this juncture
yep he is highly incompetent and should have gone ages ago. do you think petro china would have ****ed around so long to get the permits in place. no they would have had all the permits and officials well on board before they had even struck the black stuff. he’s not cut out for dealing with the mongels. they are literally taking the **** with him in charge.
WoS what have Otters got to do with this ??
💯% Mr Researchandhold - they just need to read last RNS / check out X platform for little bit extra info which add to RNS about local community support.
This is what intelligent person will do - otters maybe listen to complaining by BB posters with own agenda lol.
Know which info source I trust.
Sleep well all people - holders can with no fear of missing such important RNS (price will open up well above recent drop levels).
One who does not hold? Stay busy all night 😏
🦉
Guarantee we get an RNS "soon" that will provide another excuse regards why LP not forthcoming .
MB more likely to croak it with all this waiting around .the old man not getting any younger . He be better suited to a a rocking chair and cardigan whilst sucking on a wurthers original. Insipid man
WOS - as you wont say how many shares you own, then what's your average ? And when did you start buying ?
Professional : he probably works on a trading desk for one of the MMs...And speaks perfect King's English.
As a matter of fact, how have you got on short term trading MATD ? I think you said that's what you do.
Lol sack the CEO, maybe you guys would have persuaded the MG to speed things up l, knowing you lot here would cost us the license and get thrown out the country,
MB top man alot of patience and carrying us over the finish line wounded
Absolutely agree Manro
How the man has the audacity to say MG have been supportive throughout the process Is just sickening beyond belief .
No update for nigh on 2 months .
As for renewables what has actually progressed . We not heard one jot on this for over a year. Time the old geezer packed his bags and check out of his Singaporean mansion . I am dumbfounded by both his and the MG incompetence in this very sorry affair . Thank heavens for HE1