The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Also think about 06:24 post - this is why expect signature RNS and day now!
Today on Dornod Government page:
"THE GLOBAL VISION OF MONGOLIA" WILL BE IMPLEMENTED AS A LONG-TERM PROGRAM IN THREE SUMANS OF EASTERN PROVINCE.
facebook.com/dornodtv/videos/361512119879394/
This will be part of Central Govt plan which give money to build International Airport (2nd after Ulanbaatar Capital) and International Transport hub.
Maybe people can see big plan for Eastern province and Central Govt co-operation.
Use all logic of all INTEL to unserstand why Petro Matad have build such important position in Mongolia and why final signature about to happen.
Base investment on this but if you want little bit extra which I hear listen to interview at 03:20 min - Petro Matad mention as part of Global Vision for Dornod?
I do not speak Mongol so make up own mind. I base investment in ALL intel.
Be happy & focus on ALL INTEL come together 🦉
WOS, your last paragraph, I pray you are right. Have a good day all.
"How are any of this relevant?"
Mongol Govt desperate to have DOMESTIC oil supply. Do not want to rely on "EMERGENCY AID" from Russia / China like in Sept and with fuel run out now.
If Petro Matad already producing Mongolia would have domestic fuel supply ALREADY with proven transport / refinery route thru China until domestic refinery build.
This is why local govt WILL give signature & why Project of National Importance (you think they give this status for fun( AND why regulator DIRECT involvement now!
How long will local signature take with fuel supply critucal & FUEL CRISIS coming! Petro Matad production will not stop this in time but maybe Govt get anothe emergency supply for short period.
Will stop future issue and this is what Govt WANT and will GET from local authority i think ANY DAY now!
Header say all
How are any of this relavent?
2026 better estimate BUT they will not need refinery completion to sell oil. Keep up sir 😏🦉
Dam oil refinery won't be finished until 2025
Here is MMHI figure from 7th Nov
"Nationwide as of Nov 7, 2023, A-80 gasoline will last for 15 DAYS" (now 8 days)
"A1-92 gasoline will last for 22 DAYS" (now 15 days)
"A1-95 gasoline will last for 33 DAYS" (now 25 days)
"Diesel fuel will last for 24 DAYS" (now 17 days).
*Have make adjustment for today date in bracket
Like other article say ALREADY sign of FUEL RUNNING OUT!
Mr Fabs
Headline of article you post about Russia / China help fuel shortage dated 27th Sept. It does CONFIRM fuel shortage crisis.
Fuel reserve figure I give direct from MMHI website dated 7th November.
Fuel running out in HODV problem Vince dated 9th November.
Article about AMTG statement of gasoline running out in some areas from yesterday 13th November
Think can clearly see limited Russia / China help not enough and why we see fuel Shortage crisis happening. Also why Mining Minister J Ganbaatar say again few day ago why Mongolia MUST BE ENERGY INDEPENDENT and he reference shortage now with Russia export cut.
Hope CURRENT INFO make sense for your article of 6 week ago.
Agree shortshrift. We just have to wait. What is another few weeks ;)
In the meantime keep trading to make the wait profitable.... the trend has been very easy for every one to see and profit from....
Thornogson, identification of corruption by the general public in such cases as the Tavan Tolgoi and public procurement projects is an essential element in getting the issues into the open, getting them resolved and preventing them from continuing to blight the projects. Wittingly or ignorantly ridiculing or denying the presence of corruption simply helps to cover it up and helps it to flourish and remain unresolved. This is the case with MATD. I am sure that WOS and his followers truly believe that their rejection of the presence of corruption is benefiting MATD, in which case I cannot criticise their motivations. In reality however it is preventing the issue from being broadly exposed and therefore being dealt with. Efforts to broadcast the corruption besetting MATD can only be beneficial in a culture where corruption flourishes if not exposed.
Yes, I thought the SP was not supposed to keep on drifting lower?
6 weeks to Christmas, I maintain this will continue to drift lower, albeit slowly, unless there is positive news.
Researchandhold said //BP is like a stain on humanity//
//Do you not read the board?//
Yes I read the board and you and WOS repeating the same old mantra over & over is as boring as it is pointless. (Oh - and the SP keeps on falling!)
I'm sure they're still there.
Importantly though with all this talk of corruption it shows that there are plenty of outlets for the general population to express their unhappiness and to exert pressure to try to effect change.
It will be interesting to see what's said about the current fuel supply issues.
Crude BP.
That's why they're building a refinery.
To refine Mongolian produced crude.
Which is why the Heron Field is of 'National importance'.
Which is why it will happen.
And in time to be producing from multiple wells to supply it.
Do you not read the board?
So, 40,000 tons/month needed.
Two emergency supply trains delivering about 3 day's worth?
Less with 30-50% increased use?
Ministers must be sweating.
And winter only just beginning.
Researchandhold said //BP is like a stain on humanity//
Mongolia already produces lots of crude & sells it to China. The current petrol shortage in no way affects PM's prospects.
Thanks WisOldSpek,
30-50% more.
Then 'closed' signs go up at garages.
Then queues form at those with supplies.
Then people start filling buckets with fuel.
Then there's the Dornod regional mining conference to discuss oil extraction.
Stars aligning?
Hope so.
Researchandhold said //BP is like a stain on humanity//
//The Mongol without his pony is only half a Mongol, but with his pony, he is as good as two men.” Undeniably, Mongols have a reputation for being the greatest horsemen on earth.//
Researchandhold said //BP is like a stain on humanity//
//Fuel shortage about to be BIG problem in coming few days I think!//
Well they'll just have to ride around on yaks until the refinery is up & running in 2027. Good job some of 'em still ride horses.
Source: Ikon news 13th November 2023
The Minerals and Oil Department (AMGT) said,
"Last weekend we received information that gasoline is not being sold in some areas.
There is information that people are buying 30-50 percent more gasoline than usual"
They say supply not interrupted but official MMHI figure show clearly different type gasoline reserve & Hold province article 9th Nov about gasoline stations running out.
Fuel shortage about to be BIG problem in coming few days I think!
Researchandhold said //BP is like a stain on humanity//
// Ignore badprophet //
That's not "nice" is it? LOL