Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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For your benefit I've been invested in PM for over 6 years not 6 weeks
Have just enlighten you sir. Next time better read all article & do diligence process sir lol
Think if someone act on 6 year old article ;)
Be happy sir :)
And I am far from mischievous wiseowl
Wise can you enlighten as it appeared in my news feed earlier today thanx JTB
"T. Amarzul, CEO of Petro Matad, says investors in general have no faith in Mongolia and even the few who show interest are loath to proceed in the absence of a proper and updated Petroleum law"
Mr T Amarzul resigned (replaced) as CEO of Petro Matad on 11th September 2017 LOL
Be happy & be careful of mischievous poster ;)
I understand this percentage is about the royalty payment system. As far as I understand MATD is helping the locals directly too! That is besides the royalty isn't it? Any suggestion guys please?
Think should check date of article lol
This paragraph appears to me why the delays, According to the present revenue sharing system, 10 per cent goes to the soum where the oil is actually extracted, 20 per cent to the province, and the remaining 70 percent stays with the state. Dornod is demanding 30 percent of the royalties to be directly paid to it, but the Ministry of Finance wants the entire royalty to come to the state budget, as it now does. Dornod province is also making the impossible demand that it be paid 10 times ger an amount than what it now receives from the Local Development Fund. If this is conceded, Umnugobi would claim a larger share of coal and copper royalty. Mongolia is not a federal state, so such concessions to some provinces will be against the Constitution, which defines the country’s underground wealth as belonging to all Mongolian people, and not to particular soums and provinces. Indications are that Dornod province may settle for 10% more of royalty receipts than other provinces, but the Ministry of Finance will not accept this, too. The difference shows no signs of being resolved. As far as the companies are concerned, while the royalty rate concerns them, they are not interested in who gets how much of it.
Guys what is your take about the article please?
During the spring session, 36 votes were received from the Standing Committees, 66 from the Government, 37 from the MPP group, 31 from the DP group, and out of the total number of 170 legislative draft proposals were submitted to the Parliament on the list of issues to be discussed at the spring session and 58 legislation specifically specified in the law. the project has been reflected
Another great day here, very strong climb back up in to the blue, could be a strong few days towards 5p now, and now we know that local government meetings have taken place and another to consult the public this Friday,
Bit of a read but maybe relevant. https://www.mongolianminingjournal.com/a/55785
My average, this time around, is 3.13
Have been a yak fan for some years now, made a nice profit back in 2017, traded a bit this year, but now holding for the prize/s !
Can I join in ? My average is a tad under 5.1p!
Yes blue finish & now price stronger for next rise :)
No need to say price mr Ojay. This is not important to know for me but you fellow MATD holder so I know you have done good research & send you big love from my heart
Be happy sir :)
WOS
He didn't ask you about making a profit or not, asked what your average is ? Care to disclose ?
I congratulate you on your (current) profit - but you did'nt answer my question: What is your average SP-purchase price? If you prefer not to disclose that information then just say it; everybody would understand. If you ask me to disclose my average SP purchase price I will gladly tell you - but only in exchange with yours.
Best saying so far in this forum :-)
ClimbingWooster: Sorry to hear that - must've been hell!
Might be a lady? If so I think I was married to her once.
Just can't help himself can he BP - same old negative rubbish - saddo
If you say so mr BP lol
Be happy :)
Constitution Hill was a better bet than this!
Mr Ojay can sell all my MÀTD share and make good profit
WILL NOT
Why when so much news coming in Q1/Q2 any time now with some & target so many time more then price now. Not like people who take little bit
WuseOwl make wise decision I think & will take BIG PROFIT when time so happy to hold for all development :)
WOS: Just out of curiousity I would be interested what your current share purchase average is. Considering the positive SP development coming up it doesn't really matter. But for me (and other investors) it would be interesting to know.
Many thanks and kind regards.