The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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.
Boys and girls L.P. will be granted . PM will be a producer in year 2023 that's all we need to KNOW.
When how and why can be discussed forever
WOS: "Urgent" is MBs words in the RNS:
"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."
Just because they are pushing for it urgently doesn't mean that it will be treated urgently. In any case, for the Mongolian government the "urgent" pile could be things needing to be done within the next 2 years...behind the "very urgent" and "extremely urgent" things.
However.....it is just a signature, so hopefully they won't keep us waiting too long.
GLA.
Maybe one who say "personally I think this" "I think that" need to look at bigger picture like only 3 bid in 1st new block round from 5 tender. Also 9 new block left & Mining Ministry need foreign bid.
Person want to take chance to be out when Uptrend in place, sign breakout happen soon & Special Certification sign from Cabinet today or very soon no problem lol
Or maybe they look to buy themself ;)
People say WiseOwl why you repeat thing?
When sneaky Curiouser ask me where 'Urgent" come from I know he does not read LATEST RNS. It does not suit his sneaky way.
Read last RNS on 3 April Mr sneaky & tell me where Urgent mention. Remember mr Mike Buck & Ambassador have regular meeting with Mining Minster & Ministry.
Also remember Cabinet need new oil block tranche foreign tender.
Have just repeat all this for mr sneaky Curiouser again ;)
Be HAPPY but READ :)
Quite right CandC, when have the Mongolians ever rushed this through.
I bet if the refinery was opening this Spring we’d have had the permit a long long time ago…..
If we hit on our next drill we may be waiting for an exploitation licence and a land permit on two different sites!
That said and the counter argument, is how can the MG expect people to bid for licences when they have a record of not letting people get the oil out…..
So an interesting situation all round.
Personally I think we’ll get permit at end of drilling season so they push us back another year nearer refinery completion……but I hope I’m very wrong. This will come good, but oh the patience required is painful….
Full 24 Topic not disclosed mr Dozzababa.
Only 3 or 4 like you say. Main one about budget projections. They talk about mid term strategy etc. by Minisyer of Finance Also one topic about Ambassador appointments.
Like mr Big Bench say this Cabibet meeting are regular & Special Certification will get sign soon enough & immediate massive re-rate.
Today still have many topic to cover & happy I hold MATD share already :)
Where do you get URGENT from WOS?
The XX field is of national importance (nothing about URGENT). I presume it is of national importance as the intent is that its oil will feed the refinery that is being built, rather than being sold primarily to China?
The quickest route to production would have been local soum to agree to a land access permit, when the request was resubmitted after the initial refusal but this path seems to have gone quiet, which is a shame.
In parallel with the 2nd attempt to get local soum LP approval, the company, with the help of MRPAM is pursuing the ability to supercede the current local soums' refusal to issue the LP via the special purpose certification route.
This however FIRST has to go through various departments before being sent to cabinet. This therefore seems to be a lengthier option than local soum LP grant, but at least we are about 3 weeks in to this process.
Have a good day :)
Cannot see where all 24 topics have been disclosed on any news outlet, only 3 or 4 disclosed. If anybody can, please share
Plenty cabinet meetings week after week... are they just having a cupa and munching on nice biscuits ..... or are they actually singing stuff off?
Come on Buck we need LP news.
24 Topics ;)
Easy for Special Certification signing to be included specially because Project of National Importance & be pushed as "URGENT"
Happy to hold & very risky to not I think. Also with Buy signal preparation :)
Didn't see us in the topics
Thank you mr Dozzababa for putting link first. I did not see this before i find I formation but dud expect Cabinet meeting anyway :)
Also BUY signal look good to get trigger now & price rise will be STRONGER because many low price entry now replace by higher entry.
Share price pattern almost EXACT copy if last breakout & Q2 HEAVY HEAVY NEWS.
Happy to hold MATD before breakout which expect any time :)
Cabinet meeting confirm for TODAY with 24 issue discussed including main ones Draft law on budget projections. This lead very well into wider issue of foreign investment & oil revenue from PSCs.
Like we know route for Heron development now through SPECIAL CERTIFICATION which only need Cabinet signature.
April 3 RNS say all documentation have been prepared and already sent to all relevant Ministries. Now ONLY Cabinet signature & Petro Matad can start 2 week we'll workover & oil revenue
The decisions of the cabinet meeting should be announced at 2pm Mongolia time. That's 7am UK time. As mentioned hope we were included in the 24 issues discussed. Will have to check if there is an official announcement on news outlets
Issues caused by and attributed to Petro China by the sounds of that article.
Hopefully Matad will be given a fresh chance and not treated as though they are to blame as well.
So people can understand why there has been local issues with the granting of the land permit. It's not surprising there have been issues. Hopefully soon to be sorted
http://dornodmedia.mn/post/303-har-altny-har-balag-2-buyuu-ashig-sonirhlyn-zrchil.html
Let's hope we are included in the 24:topics to be discussed at today's cabinet meeting
https://montsame.mn/mn/read/317650
//I'm wondering if 'Iamrich' is short for I am Richard?//
Yes - he said that is so a long time ago. (when I used to read his posts, before he went nuts)
these big trades look like buys
Question is why? But someone has been selling big for days… Forward selling? Just a thought
From December: “Petro Matad together with its subcontractor DQE, funded the restoration of the Matad Soum landfill project.”
Let’s hope this giant sized Jiffy bag of a bribe gets it over the line.
Hamm: “I am not sure if I should blame MB…”
You really are a silly fool. You spent most of 2022 ****ging MB off and then say this.
“Simple solution is to offer locals good deal and we will not have any issues”
Did we not already build them a new well and clean up some rubbish for them?
I thought at the time it was probably a waste of money, but let’s see if the bribe means the local government signs us off, or if it really was a waste of money and it has to be signed off by central government.
It doesn't make sense that you have exploration and explotation from government and still need local permit which has been holding MATD for 4 years! I am not sure if I should blame MB since any decision would be a collective of BoDs ones who are mostly native/ Mongolian.
The DOTS are starting to connect. ;+))