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Yeah but Doc (assuming you are correct - none of us know the wishes of the majority of the Mongolian people) … it’s the government that want investment and the government awarding special certificate.
So….. your argument about the people (a massive assumption) means nothing.
"If the Mongolian government doesn't give LP, they can forget attracting foreign investors."
Maybe they (the majority of Mongols) don't want to attract foreign investment and like their country just as it is.
Fair enough at a Mongolian Government level.
From a Petro Matad investor perspective they're two pieces of paper that achieve the same result.
So different it that they do the same thing.
This header not right....gives wrong impression
Sounds like we need to wait 1-3 months ????
We already waited 3 months.
expect RNS anyday now.
got cut off
ALSO GOOD NEWS .... MRPAM support us which may help against any departmental resistance.... but I genuinely believe this route will take longer
That's all folks! Have a good evening
//Land Permit/Special Purpose Certificate.You know the difference. Does it change anything?//
Actually is does change things. If people stopped reacting and read below !!!
We were told special Purpose certification would be fixed between 1 - 3 months in October. We were subsequently then told to go back to the local soum to try once more to get the local LP agreed.
NB ...... Clearly this was a political decision..... they WANT the locals to agree, they don't want to have to override the locals.
However in parallel the MRPAM are advising we get special purpose certification in lieu of the agreed licence. This needs buy in from government departments before being presented to cabinet....
It is still entirely feasible we will get the LP from the soum .... and we actually don't know whether the 2nd request has gone back to the soum yet.
GOOD NEWS (for those that can't interpret) If it does and if granted this will be quick, no need to special purpose certificate and all politicians will be very happy.
ALSO GOOD NEWS
C&C Does it matter ?
Rns States:Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area. The certification is being proposed on the basis that the Heron development is a project of national importance. We are pushing for the matter to be brought to cabinet urgently in order to allow in-field activities to commence to make the Heron 1 well ready for production.
I don't care what certificate we get as long as it allows Heron to be a producer !
Its very simple . You're either in it to win it or you're out and about. No two ways on this ride.
Stop ranting about who said what and when.
ATB
And a banana is a herb ;+))
I don't understand why people are selling.
If the Mongolian government doesn't give LP, they can forget attracting foreign investors.
The whole world including western counties need foreign investment.
More dollars in reserves means stronger the currency .
Stroger the currency gives more buying power .
More buying power means good for consumers.
Consumerism means better economy.
Simple economics.
Did you know that a tomato was a fruit and not a vegetable?
Perhaps you did and perhaps you didn't, but you know what a tomato is and what to do with it?
Land Permit/Special Purpose Certificate.
You know the difference.
Does it change anything?
No district level permission but STRAIGHT to Special Certifucation whuchvexpect any day now
Holder sleep happy but non holder sweat bucket of miss opportunity :)
Read header & check yourself. It say all. Last time breakout with no news but anticipation with this time MUCH more newsflow we can expect.
April RNS VERY different with Mining Ministry take DIRECT control from MRPAM and submit Docunentation for Special Certification
Think clever one (not sneaky) know this :)
February 2022: "Petro Matad is working at both central and local levels and recently made a presentation to the local authorities that administer the entirety of the Block XX Exploitation Area. The presentation was well received, which is a positive step forward in securing the permits required. We continue to push at the central, provincial, and district levels to secure the permits required for the next phase of our activities."
Reading some of the old RNS's, you'd swear they were new. Same old same old.
MB needs to be firm. I cannot believe we are putting more money into Mongolia with further drills when the Mongols have yet to give us the LP on Heron. The lost revenue because of it is staggering.
This time there will not be any hard break out unless we get some concrete news and nothing equivocal about it. The market will not take another come dance with me and i will promise the world line. So yes could have a breakout with news alternatively we could have a further fall in price. I am not sure was the market cap is for a company that has loads of oil and completely unable to access it. I would love to proved wrong with a humdinger of an RNS next week probably.
LP IS ON THE WAY. IN THE LAST RNS 3 TIMES WAS MENTIONED THAT LP IS JUST NEED TO BE SIGHNED .
HAVE FAITH. PAID DEREAMPERS IN FULL FORCE TODAY.
Talking of intellectual inadequacy, cabinet is being asked to issue a special purpose certificate not an LP :)
Does anyone know ALL topic cover in Cabinet Meeting today ;)
Be Happy :)
Usually on the 3rd of the month when the rns man is onsite;-)
I feel half Mongolian its been so long Thor!
People do not know if Special Certification sign today. Was 25 topics & only few get reported on.
Could be RNS tomorrow do not know.
Tomorrow or not one who already hold sleep well because CONFIDENT price will go back up through Q2 & news / breakout hapoen any time.
Happy & no sweat :)
See header & check chart for yourself.
Price rise fast from 3p to just past 6p. Then drop back to 5p.
Then HARD breakout
Check & will see :)
The time frame for LP is not known.
Accept it and deal with it or wring your hands whilst muttering 'We're doomed I tell ye!'
One is a pragmatic approach to the situation and investment/risk strategy and the other a demonstration of intellectual inadequacy and lack of a necessarily strong vertebral column?
So you say IF LP does not come AND Velocirapror is dry then SP go down to 2.5p sir.
What if LP RNS come in like Mining Minister himself promise and now Mining Ministry directly take control AND Velocirapror come in?
Think will be much bigger (MULTIPLE BIGGER) then 50% drop you say ;)
What if LP RNS come AND Velocirapror dry (but have fund for Velocirapror2) will be MULTIBAGGER still
Remember will be economical suicide for Mongol Givt to not give Special Certification & think we all know this. Also Docunentation does not go to all Ministry now for long wait.
Everyone decide for themself but no problem for WiseOwl to make wise decision with wise logic :)
@ Al-Investor, please see below your own post !
We should be zooming soon :D
RE: Trades22 Apr 2023 11:49
Rerate? On monday there will be no lp. Price will head back towards 5. And then later this week or next rns will come and we will zoom. Imo dyor