London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The Heron well is already drilled. The ability to get it up and running with oil pumping out is not weather dependent which means it can be set-up during the winter months. It's a two week operation, all of the necessary equipment is available. Heron is unlikely to go into hibernation during winter months, unlike rest of drill operations that are exploring for oil. We have found the oil.
Mid September. I think we can safely say 2023 is done. We all need to hibernate and wake up in the spring to start the new round of copy and paste statements and comments!
@Jimithebrush. If Petro Matad has the special purpose status and the formalities are agreed and completed, why do you think elections next year would be an issue? TIA
For the non believers; the order for PM to produce has come from the top of the government. The herders and landowners have agreed to relocation/buyout or whatever. To me this is clear as water. PM will shortly be producing for sure. Whether that be this month or next year the outcome is the same.
Aeschylus- thanks for highlighting.
Yes MB say " all of the herders with registered pasture within the area have been spoken to by us......and they realise its going to happen ...so they've agreed to relocate and "we "( correction) the government can conclude the detials......."
During 2022, the Company continued to make progress ... but remained frustrated in its efforts by the ongoing land access dispute. However, having made good progress with central government, the Company is confident that the land issue will be resolved during 2023 ""/ Realistically this could also mean upto the end of December with the possibility of no production and another wasted year and then to top it off elections 2024. GLA
The article states "All agreed on compensation or new pastures" Of course there could be translating issues, but if you listen to the Mongolia tv interview it is clear (well if you listen carefully to what you can hear) that MB says regarding the herders that "they all accept its going to happen and they've all agreed to relocate". Listen at 2.30 minutes
Seems to be beyond debate to me.
https://www.youtube.com/watch?v=173HFppJcjw
"Some and very possibly most have agreed and settled"
I thought the interview said ALL have agreed to compensation or new land? i.e. it should be all done and dusted in this regard and onto the next excuse!
I think this was a little of MB giving the process a little kick up the back side. The buying of land or exchange for new land has started. Some and very possibly most have agreed and settled but i would reckon there are some who are dragging their feet and the local government is not pushing too hard. so i think this little interview was to let everyone know there is no alternative the rules are not about to change so concentrate on the game otherwise liable to get left behind. It is not done and dusted yet but MB feels it is very close hence the go ahead for the interview.
Not so much flying as plummeting! Good job daily SP movements don't matter.
Badprophet.
I agree ... really flying.
People can wait for the RNS then. After all we can all read the article/listen to the video and take what they want from it.
I agree that no, the article doesn't say "all obstacles are removed, we are producing imminently, but we are letting you know early before an RNS so that you can get in and buy at these cracy prices before its too late"
It does say,
"Our company and relevant regulatory bodies have contacted all herders whose pastures are affected by mining activities. Everyone agrees with us. All agreed on compensation or new pastures. Once we have taken all the necessary regulatory steps with the government, we will be able to resume operations".
If that's not the removal of a major stumbling block in your opinion and you want to wait for an RNS then that is your prerogative of course. Your money, your risk assessment.
But for me, I agree with those posters that recognise that the most worrying remaining factor appears to be settled. Even the FB activist isn't mentioning us and is focused on another issue and set of herders in Choibalsan soum.
£6000 bought in ONLY 90 minutes. This really is flying! PMSL
“ Drop doesn't make sense. I can sell 900k, but can't get price to buy 10k!”
Strong buying… that’s why the offer has been cut from 3.8p down to 3.6p!
WOS - enjoy your two week holiday. I know I sure will.
Mongolian -
Contract - гэрээний Discussion - хэлэлцүүлэг
//"contracts" mean discussions in this. Very obvious Google translate issue from Mongolian if you follow dialogue (and background knowledge)//
It doesn't seem like a translation to me - more like MB's exact words?
BP, please watch your BP (no pun intended). High BP is good for no-one. :)
If this is the case - WHY NO RNS !!!
"contracts" mean discussions in this. Very obvious Google translate issue from Mongolian if you follow dialogue (and background knowledge) sir
Hope this help 😏
Mr Bad Prophet
"Petro Matad has not entered into any of those contracts (discussions). Currently the process is ongoing between LOCAL administration and CENTRAL government"
This refer to order of Cabinet to issue Certifucation from local govt. Petro Matad must satisfy condition of herder compensation (now complete). Paperwork & discussion between Central govt bodies & local govt.
Maybe you try some deep research as well 🦉
WOS
STRONG BUYING so some people understand what about to happen here with this development toward MAJOR RNS we expect immanantly.
I'm not sure that a total of buys today of 8,123 can be classed as strong, or indeed yesterdays trading was also pretty meagre with sales approximately of £40,000 and buys of approx £18,000
"Our company and relevant regulatory bodies have contacted all herders whose pastures are affected by mining activities. Everyone agrees with us. All AGREED ON COMPENSATION or NEW PASTURES"
Bloomberg TV.mn/news/g16298
//Petro Matad has not entered into any of those contracts. Currently, the process is ongoing between the local administration and the government. The herdsmen who have registered pastures should either be compensated or given new pastures. We are discussing this with the government and focusing on speeding up the process.//
i.e. No agreement had been reached at the time of the interview. IMV
Hi, there is no info on any negotiations having been settled in the BP-posted link of the Bloomberg interview with MB"?. Does any one know where the information came from"?
Herders Compensation (which is final outstanding condition) agreed not important? Some poster her do not do enough research.
STRONG BUYING so some people understand what about to happen here with this development toward MAJOR RNS we expect immanantly.