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Viking glass I have emailed matd regarding this question,
But it does sound like the land development guys have already re circulated the paper works, so here's hoping it was done a few weeks after or even a month after, hence why I think we could have the LP by velociraptor spud or week after tops
Re license - it was 7 weeks between the RNS's, early April it was being prepared, I would like to have known when was the change of hands? was that a month ago or a few days ago, it would have given us a better understanding of the timeframe.
I agree with you there is a whole lot missing from this because there is also the new company which we believe is a JV between MG and PM. The name is the same except with a slightly enigmatic Energy after the name. We could probably do a whole of digging and probably find little and force MBs hand to issue another RNS that he does not want to and say even less than he did in the last one. Never before have i seen an RNS give so little information with so many words. Maybe slight exageration but you get my drift.
The questions that need answering.
1) Why the financier in the room
2) Why all three parties in the room at same time
3) Why the need to document / publicise the meeting with an official photograph.
4) Why now
Something big brewing (possibly not oil) we have 100% on two fields (one with oil the other with enormous potential if discovered. So why give away 50% and why the new company.
Sunstreppe are involved with us re Renewables.
My guess and it is purely a guess this is another renewable that needs a lot capital investment and my thinking is Wind power. renewables
Only 3 working days left for May and then we enter June. That's when the real excitement starts! GLA sit tight.
Good to see more grounded/balanced posts after weeks of froth and fantasy.
Let's not get to despondent people it's been a long haul but we surely carn't be to far for positives. Still V1 ever closer. GLA
Ty notpleb. Yes very strange, will be mindful of this
We haven't really discussed these people as we have been concentrating on MG and PM being sat around the table in IOM.
However they may be just as significant in terms of bringing the story together.
The Embassy said they went there to meet them and their folders can be seen clearly on the desks in front of MB etc.
Now we have to agree that MB would not be in the room if this finance discussion only concerned Mongolia and yet there he was.
Also they would not be in the room for a discussion on PSC terms on an oil block and the Mongolians would not be there for something PM specific. One more thing that makes me believe there is more for is to find out. Thoughts anyone?
I agree, but that news must include LP granted or it would be another crash I am afraid!
As simple as that NO BUT NO IF.
I'm watching for bigger bus next week after the long weekend.... news could drop anytime but my guess is week commencing 5th June!
AI, not all sells. The 995 was me, small top up in wifeys holding. LSE seems to have problems with this. happened before so i dont take too much notice of the trade history.
I wouldn't be surprised if sentiment drives this higher than 20p. A couple of well timed positive RNS's and anticipation of results should drive this higher. As it's AIM...one must always have an entry and exit strategy. GLA
One quite morning , 3 trades all sells.
Well I guess JUNE is the month it all kicks off here guys, whats another few weeks for a multibag,
People still reckon we could still reach 15-20p
Third world goverment, departments are probably over worked and under staffed, so you can't really blame them either it is what it is,.
But we are at the final stage now and no more work to be done around this apart from all the relevant ministries to sign off on then submit to cabinet for approval,
Also there won't be that many ministries that would be involved I reckon 3/4 tops, and with them already completed the last round and knowing what to complete now it will most likely be done sonner then we are expecting
It's taken longer then we've expected but now we may get caught out and the LP could land way sooner then we think, I'm sure matd are in contact with them regarding the LP and some one high up will now ask for this to b sped up
I think MB should go to MM and reminds him 1 to 2 months LP promise!
Now 8 months gone since then. MM should give us a written deadline.
It is kind of blackmailing to me. As I sai national importance might have different interpretations.
Facilitate the process or delay the process!
MB needs to wake up.
Shagged- your answer is in RNS 3rd April its deemed a "....project of national significance..."
I think people should stop assuming things and posting something they don't know, looks like false posting and info being spread,
We all need to go by the RNS
The RNS is clear enough, we wait and see if land development speed this up now, looks to me they are all doing things properly or otherwise they could have not come out and say it should be us doing the Submission, in a country like Mongolia they could have let it slide and we could have ended dealing with this many years later
I just don't understand that from one side you can see MB has a close relationship with ministers and that is why he accompanied them in IOM but then he can't get LP sorted. I guess his mistake is that he is very cagey, he shouldn't. He should speak up and be transparent. He should raise his concerns with Mongolian PM or whoever if necessary. unfortunately UK ambassador was not as strong as I hope.
Please guys tell me what achievements have we got in the last 4 years? Apart from raising money twice!
I agree with BB that we news and that news but that must be LP granted.
Personally I can’t see traders doing much here…we definitely need news to move this now and that could be anytime in the next few weeks….speculation and ramping/de ramping talk will do nothing here we have heard it all….4.5-5p range is where it’s at imho.
What objections are you thinking PM will face.
Its next to a field with plenty of wells
I notice from the RNS dated 22 May, in relation to the Block XX exploitation licence the following MATD comment.
'However, the Ministry of Construction and Urban Development has insisted that as the ministry responsible for land issues, the Cabinet submission must come from them. As a result, they are repeating the step of asking all other ministries for comments after which we expect they will make the submission.'
So MATD 'expects' the Ministry of Construction and Development (MOCAD) to make the LP submission to Cabinet.
The question I would ask is how do we know that MOCAD have any intention of submitting the document for approval? There is nothing to say that other ministries won't post objectionable comments which may deter the MOCAD from even submitting the document, or at the very least severely delaying the submission until objections have been investigated and dealt with.
I guess any news should be released asap. Why do they need to play hide and seek?
That is not fair to blame shareholders who are asking for news after waiting patiently for years. MB was good dropping a bomb after trading day with an RNS raising money but mean to five us a joy with a positive news!
The news in the RNS was LP has more delay because another ministry wanted to have a say too with no deadline and no more good news or any news worthy. I wonder if MB ever read these posts or not?
I am not worried about the price as we how fast it bounces back up. I still think this could be a life changing share when we LP secured which wouldn't be too far.
Even the construction ministry representatives were in london that same week. I'm not sure if one of the women in both pictures are the same person. Photo from IOm meeting and The construction team photo.
Check it out and see what you guys think.
Another thing to consider is that the Mongolian Embassy website gave a totally different story for the visit and did not mention MB. Only when we discovered the new company registered and put it out there did MB give his explanation. I would imagine both have put in a grain of truth to their story.
The MG said they went to see IOM finance wherass MB said it was to discuss PSC and fiscal terms.
If you put this together in a way that it is a true part of the story and add what we also know but hasn't been said (new company, special permit resubmitted) what do you get.
Possibly a JV with financing to develop Heron underwritten by MG who for their part get oil at a discounted price. Just my thoughts to add to the mix.