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It’s very difficult to take someone seriously who thinks they are an Owl.
As for the announcement you have no idea how this came about.
Ask Doz, he knows, he has seen the evidence.
It’s a bit above your pay grade buddy.
Think because both mr Master & me do LOT of research on subject VERY easy to spot fake intel 😏
Maybe Q you should ask is does this person's have problem with President for political gain?
Why did intel say Cabinet will not approve Special Certifcation until earliest Oct 2023 and then VERY NEXT DAY after you post this post this Cabinet did approve Special Certifcation on July 5th?
Did you question your Intel source?
Did you question why top Indian Govt Minister have clear Refinery progress?
Sloppy (or fraudulent) Mr Bowley!
Check my post at 14:48 to see just how good mr Bowley intel source is lol.
Also cannot answer point of Indian Minister report just few week ago which completely contradict his uname source. Remember this is same great Intel that say we will not get Cabinet Approval of Special Certification until October 2023.
How right was Mr Bowley's great unamed Intel sources?
Remember obvious if election next year and politician trying to accuse other you do not think unamed source will use pawn to try to accuse other. I read this accusations EVERY day with my own research.
Only difference I cross check & use common sense. Did you not think Mr Bowley to check against Indian Ministers own report on Refinery from few weeks ago?
Maybe if you do basic good research practice & not listen to gossip you will not fall into trap like you did with Cabinet decision base on your Intel (gossip).
Be Happy but use good sense & do not post like feaud 😏
Like I said PM is way too small and not even producing to have any impact.
PC has been operating for decades and it made history for the first time , as it was discussed in the Parliament/cabinet.
They mainly discuss on Rio tinto and Oyu tolgoi mine.
Trust me I follow lot of politicians and Mongolian agencies on Facebook and not one has
Mentioned PM at any level. PM is way too small.
Petro China has been Mentioned frequently.
Talon and TMK Are doing better than PM and they are never mentioned either.
Master.
It matters enormously. If you think PM and the oil it may produce has no impact then you really do not understand Mongolian politics.
Next year, (June 2024) is a general election.
The government will be into election mode late this year. Let’s say PM produce before year end. This will give the DP and others political ammo to use as Mongolian crude will be going over the border, when the country is shipping nearly all of its fuel from Russia.
A huge political own goal.
Easier to keep spinning news related to a late refinery, keep PM on hold and spin a narrative all is moving to plan. As we know things are not moving to plan.
I advise several other companies in Mongolia with other governments involved. What you see here with PM is standard operating protocol in Mongolia.
It’s a narrative and game to suit the politicians. Not the investors.
The only way this may change is if the serious pressure is put on the Mongolian government. I have recently seen another European government exert pressure from their own Foreign ministry to the Mongolian Foreign ministry with a further 20 letters delivered by diplomatic pouch. Not one was answered.
Although Mr. Bowley has dispensed with his anonymity.
// I just don't get your motive here.//
I didn't know you needed a motive to post! I thought it was just a bunch of anonymous idiots chewing the fat & popping off at each other. Learn summat every day.
Bowley I don't think it matters what the main agenda is in Mongolia next year. Small company like PM Is not going to have any impact or be affected by Mongolian refinery.
PM is too small to have a big impact on Mongolia.
Might have an impact if PM was producing 20k bod
.
PM just needs the all important paperwork which is taking very long time.
Master.
Question. What’s the biggest thing on the agenda next year in Mongolia ?
Bowley I just don't get your motive here. ARE YOU INVESTED . Why would someone of your position be so bothered about a AIM listed company.
Refinery will get finished as lot of money has already been spent. Its like building a new house with no roof. Pointless.
Refinery will have no impact on PM. PM is not sending oil directly to the refinery.
Even if PM GETS less for oil selling to PC it will take the headache of transportation to the market.
Your argument is Pointless and doesn't have anything to do with PM.
I don't know if this helps to provide an clarity ref the refinery. I understand this interview took place with the Indian minister a month ago in the Mongolian capital. https://youtu.be/tqdCnQ74FX0
Mr Bowley
Carry on with personal abuse sir. Why should we believe you instead of official Indian Govt report who have DIRECT access to project?
Also you think no stage payments or external auditing?
Simple qurstions but I am only sillly owl 😏
Maybe your intel about "NO Govt decision until after Parliament RECONVENES in early October" summup how good your intel is.
Was this from same contact? And then decision next day 💯
You keep ramping trouser man.
You have been at it all year.
Who ever is paying you to ramp this share certainly is getting value for money.
Mr Bowley
You did not answer ANY of points I make in post 05:37. Instead you throw abuse. Any person who understand business & Mongolia intel will understand.
You pretend you have insider info but just like your comment "YOU WON'T SEE ANY GOVT DECISION UNTIL AFTER PARLIAMENT RECONVENES EARLY OCTOBER" (4th July 2023).
We see Govt decision NEXT day in 5th July (RNS 6th July).
Like I say ALL intel point to Refinery progress INCLUDING new laws to speed up personnel / equipment only few month ago after personal visit by Prime Minister AND visit by Indian Govt Minister few weeks ago who give all clear on project progress.
Also ZERO I tel or any other indication of "President taking refinery money" lol. If you understand Mongol politic / culture after Coal scandal all party a cause other part of corruption. Maybe you check out your "contacts" to see if they have any thing to back them up or are misleading the Misleader ;)
Think if you want credible intel sir better to look at report from Indian Minister who have DIRECT contact with Refinery project at highest level and give it ALL CLEAR.
Better then BB poster reporting from unknown contacts lol
An April report on the refinery.
https://www.livemint.com/news/world/mongolias-first-oil-refinery-funded-by-india-to-be-completed-by-2025-boosting-energy-independence-and-offering-opportunities-for-indian-investment-in-mining-and-metals-11682270704893.html
Refinery or no Refinery it will not affect PM operations. PM has to use PC facilities.
Pipeline is from PC facilities.
It will have no impact on PM.
Bowley, there was a youtube video here early today, where the Indian manager stated in March they could not get the staff because of visa's not being given by the government, the materials used on the project had not had customs clearance and payments had not been made by the government. Then in June/July he said meetings had been done and the problems. sorted. Maybe is red herring or coincidence. Another point he did mention 90% of the work done on phase 1. Could not find any more info on the other phases or what they are, just for clarity.
And I got blasted for mentioning the refinery, hypocrite!!
//I hope that we can get some kind of announcement now from PM .//
Oh my gawd - NOOOOOOOOOOO !!!! Hasn't MB done enough damage for now?
If Mr Bowley is right and I hope for everyone's sake he isn't, it opens yet another can of worms.
I hope that we can get some kind of announcement now from PM .
I think its about time.
That's what I'm concerned about, as to why are we being passed from one agency to next agency.
Paperwork should be sorted by now or even given a temporary permit to start work on heron while rest is finalised. Just like they did when heron was being drilled . PM was allowed to finish the drilling even though PM didn't have a permit.
MB is exactly not trustworthy and is very sly. He is our problem. Any other CEO would be at the offices of mpram and asking serious questions.
This paperwork should not be going back to locals at all. If cabinet decided then that should be final.
Let's just pray he comes back to Mongolia and starts doing what he is getting paid for. He keeps sending minions to fix a huge problem his company is facing.
Watch all the video clips on Facebook and he has been there once .
Bowley
"Will write to the UK Government"
Just for interest to whom will you write in the UK Government and also for interest will you be posting your correspondance on this BB?
I for one would be more than happy to see the results of your contact and find out if it has any effect.
Bowley thanks for sharing your intel. Helps everybody here make their own decisions.
Question: what is it you hope to achieve by going to UK goverment with this info? Can think of some things but could be different angles here thanks
Master
It will likely be completed. However the fact the investment has been used elsewhere in Mongolia demonstrates problems with corruption.
That in turn raises questions related to how the alleged corruption has impacted Petro Matad and all investors cash.
Four years for an LP raises serious questions. I sent an email to Doz this morning that backs this up.
The underground for the OT project was permitted in a year. That’s a $6bill project, and yet Matad cannot get an LP for a project will take weeks to get into production.
WHY, WHY, WHY ????????