Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Investor, regarding "agencies" and what that means.
Going back over MBs commentary, I note that it was the Matad Citizens' Representative Committee that voted in favour of granting the LP to PM.
Im guessing the committee is an important sub group of the Matad Soum governance and the "agencies" referred to means it is being formalised by executives within the soum structure.
Yes Doc: "...leave it [to / the] MB and the BoD..."
Good to hear that you actually trust in MB and the BoD. I generally support that proposal - anything that gets us closer to the ultimate goal is fine with me.
Monday 6th May - London Stock Exchange holiday.
My opinion only - Petro Matad Sum will get Local Permission LP before Election because after Central Govt will just order provincial governor.
Look like local Sum still on board for Petro Matad (and did not expect any different with so much 'benefits) so let us see.
๐ฆ
Oh well . You can never please everyone.
I'm genuinely not knocking the effort, but I found that conversation a bit cringeworthy. "Who are you... how did you find me?"... "we will make sure PM help the locals..." (like we have much influence).
I'm with Aeschylus and BP, let's be careful and maybe do leave it the MB and the BoD. After the AGM, I think we can safely say they are doing all they can. It's really up to the Mongolians now.
On Peter Hitchens, no reply as yet but will leave it till next week to chase up as I only first attempted yesterday afternoon.
Unless Doc is successful in getting a response from Peter Hitchens regarding the post soum vote timeline to receipt of signed formalities, then that really is all the news flow we're going to get for now.
Imo its been a good week for settling the nerves.
Activists bombard the politicians coming to conference in Matad soum. No mention of PM. Just going on about PC.
The District administrator was there too. He was messaging from the conference.
All looking good so far. Just need the RNS with the approval
BP ; Ok - fair enough.
Researchandhold said //BP is like a stain on humanity//
//BP ; when you say ' it's what we pay them for ' are you invested ??//
As mentioned before - been in and out for a couple of years. Currently a small holding - about 5% of my total holdings. Not worth risking more. IMV
On a less serious note, master seems like a lot of effort put in to just invest a dollar (and I am only kidding when I say that) Google translate is definitely not the best ๐ I often find that taking a snapshot of the dialogue on the page you want to translate and run it through Google lens also let's you listen to the translation in english. Hope this helps. GLA
BP ; when you say ' it's what we pay them for ' are you invested ??
Researchandhold said //BP is like a stain on humanity//
I think this should be left to MB & the BoD. It's what we pay them for. Others getting involved may not be a good thing.
Aeshylus ; ah yes - thanks for clarifying. It wasn't my imagination then. Obviously the ' agencies ' are all local - no central government involved, which is a relief. It may have been a mistake to use the term ' agencies ' plural. I hope so.
It is difficult to communicate with locals. I have even contacted an interpreter but she refused to communicate on Facebook with others in Mongolia.
Hello sir. sorry to bother you . what chance do Petro matad have to get the permission.
DA: How are you? Who are you?
I am from london. I am an investor who wants to invest in Mongolia
DA: How did you find me?
I found you on Facebook. someone posted about Petro matad and mentioned your name. I just wanted to know if they will get the permission for block 20
we will make sure Petro matad help the local public with finance when they do start production in block 20
all I want to know is will Petro matad get the permission or they will not.
DA:It is supported.
Investor the 25th April RNS refers to agencies (plural). My post in response was.
What OTHER local government agencies? Or Is it just just poor drafting??
ยท The Company is working with the local government agencies to secure the remaining approvals necessary from Matad District to allow the 2024 operational programme to commence
Master82 ; ok, thanks for that.
I've been combing through the previous RNS releases for that reference to ' government agencies ' in relation to the District land access approval - but I can't find it. I could have sworn that I read it somewhere and that somebody else on here referred to it as well. Hopefully I have got it wrong, and all the land access paperwork has only to do with the District administration.
We don't want wrong message or interpretation to go and p!$$ them right off!!!
Master please be extremely careful! and fully agree that noone else join in.
Mmarf good try. But that's not the conversation. Google translate is not brilliant.
Some phones have a features to translate the screen.
I'll do it for you in a short while.
I have on purpose cut his photo out because people on here bombard these locals and activists and get blocked.
They do not understand when I tell them not to communicate or comment because the Mongolians do not understand what we are trying to tell them.
00:20
Person A: Are you there? How are you?
05:26
Person B: I'm from London. I'm currently living in Mongolia, fighting hardships.
๐
Person A: I see, wow.
05:59
Person B: I've moved beyond Petro Matad. I'm not just drilling oil, I'm also doing business here. It's the next level.
06:16
Person B: "Petro Matad" has a lot of opportunities for me here. There's a lot to explore. Many dollars.
07:13
Person A: I've unfollowed you on Facebook. Saw your recent post about Petro Matad.
Master82 ; thanks. I've seen it, but I'm not sure how to get it into Google Translate. I can't just copy and paste it over.
It's very hard to communicate and have discussion because Google translate is not perfect. They do not understand what we are trying to say. I have been trying with him few times but had no joy.
This time he was kind enough to reply
I think we need to be a bit careful with the direct comms.
There's obviously a little reluctance on their part to engage.
Might I suggest we don't all try to bombard him with questions.
Thanks again Master for your constructive and thoughtful approach to your investment here.
If they're onside and no external pressure is being applied then, as you say, there's no real reason to suspect the relevant paperwork wont be forthcoming.
Still have 2 x ยฃ20,000 ISA contributions possible via my daughters.
All in? It's a tough call.
Yes Header change and VERY important piece of Intel - again thank you Mr Master.
This fit in with post I make yesterday 13:43 and about Mata District Council.