Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Sorry just to clarify, ditto to the overtime bit on a Bank Holiday not necessarily what WOS is saying!
When something's as clear as day, Overkill can have the opposite effect WOS! :)
Ulaanbaatar, April 6, 2023 /MONTSAME/. During its regular session on April 5, 2023, the Cabinet made the following decisions:
Prime Minister’s Order to Intensify the Anti-Corruption Operations Issued
The Government of Mongolia has declared 2023 the “Year to Combat Corruption" and started the five “W” operations. Minister of Digital Development and Communications N. Uchral presented on the process of “Wide-Open” Operation, aimed at ensuring citizens’ rights to search and obtain information at the Cabinet Session. Following the presentation, the Prime Minister’s Order to intensify the “Wide-Open” Operation was issued. In pursuit of the Order, the Cabinet members, governors of aimags and capital city, Head of the Government Agency for Policy Coordination on State Property and Regulation, and Director of Government’s Special Fund were mandated to submit the following information to the Minister of Digital Development and Communications within June 1, 2023. These are:
Certificates of land use issued in specially protected areas, environmental impact assessments of economic activities carried out by individuals and legal entities in this area, their agreements, and payment history of land fees;
Certificates of Building Commission issued by the State Commission certifying that the building has been completed;
Structures of the board of directors and supervisory boards of state or locally-owned legal entities, detailed information about their members, including full name, amount of salary and incentives, and contacts, requirements for management of this type of legal entities and their recruiting procedures, recruiting calendars and detailed information on applicants;
Information on the expenditure of the Government’s special fund and financed projects from the fund, along with related decisions.
Ulaanbaatar, April 7, 2023 /MONTSAME/. Minister of Culture Ch. Nomin received Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland (UK) to Mongolia Mr. Philip Malone on March 30.
During the meeting, the sides exchanged views on Mongolian policy on cultural and creative industry and cooperation opportunities in line with the policy. For instance, the sides discussed establishing an intergovernmental agreement to jointly produce a movie as Mongolia has approved the Law on Promoting Film Industry.
Moreover, the Minister of Culture highlighted some cultural projects that require close collaboration with the UK, a leader in the world's cultural and creative industry, under the Mongolian policy on the cultural and creative industry. One of them is an epic Mongolian drama “Throne without a Seal” which will be staged in the London Coliseum Theater under the name “The Mongol Khan” in November 2023. To that extent, the Minister of Culture asked for the Ambassador’s support on this project, and to closely cooperate.
In addition, the Mongolian National Museum and the Mongolia and Inner Asia Studies Unit of the Department of Social Anthropology, University of Cambridge have signed the Memorandum of Understanding, enabling bilateral cooperation in Mongolian studies and sciences, joint research, and exchanges of researchers. Under the MoU, a special exhibition with the theme “Mongolian Shamanic Tradition” is going to be displayed in Ulaanbaatar in September 2023.
Besides the selected objects from the collection of the Mongolian National Museum, photographs, videos, archival materials, and other historical documents kept in the Museum of Archaeology and Anthropology of the University of Cambridge, such as collections of Mongolian historical photographs taken by Owen Lattimore and Ethel Lindgren, will be displayed at the exhibition.
Agreed if we can get the timing right with the RNS's this share should have a nice steady rise up through the teens at least to Raptor spud and possibly even higher during spud depending on the rumours circulating the drill. Forget the 20 CoS MB has to say something like that the rumour factory will take over. Whether they know any more is unlikely but the SP should react and your action to that reaction will then come into play. And when the results are announced there will either be a sharp increase or sharp decrease either way. Let us hope for the sharp increase.
Iamrich - no matter whatever the derampers say the LP is coming, exactly when who knows, but it won't be years as some state. If you was to lay out all the reasons why it is coming , which the majority are from official sources being government or RNS they would still would try and deny it was happening.
Hopefully the large seller has gone and SP can climb and then end of April LP is granted, DQE deal agreed and then SP increases again leading up to Velociraptor spud
https://mongolia.gov.mn/news/view/26656 This script from the official letter translated, The 2020-2024 action program of the Government of Mongolia, "Vision 2050, Mongolia's long-term hextic policy, "New recovery policy" within the framework of the recovery of state income, the Government of Mongolia "structure and organization of administrative institutions. "A comprehensive analysis of government structure and organization" It has been implemented by establishing the optimal structure, transferring some functions of the government to private companies, "reducing the evasion of loans, reducing the bureaucracy, creating a business-friendly legal environment" and ensuring its implementation.
Therefore, in relation to the activities of the organization, please submit your proposals regarding the problems faced by entrepreneurs, the ambiguities of the legal environment, and inefficient regulations, according to the attachment, by April 10, 2023, and ask for cooperation
Think the ambassador spoke then 2 weeks ago now when he was told it was being made ready for forwarding on to the cabinet, so hopefully it's made there by now or even signed off today as I think there is a sitting today at parliament, last hurdle folks it's deffo coming very soon
Mr Jimi this is good point & even when we say LP can come any day now because just need signature & this is true but I hope does not come for few week yet.
Why?
Price will build up for Velocirapror just like you say and think now more & more people take early investment position for this.
When LP RNS come will be so big rerate for obvious reason. When we already hold MATD share we do not worry about missing this RNS if it come next week or end of April because rerate will not catch us out
At same time enjoy price rise from start of Velocirapror build up
Happy for this :)
Maybe so BP, But every story has an ending, eventually. WOS I understand what you are saying but having been invested in PM for quite a few year now and seeing how processes can take considerably longer than anticipated in Mongolia and even though the Heron development has been classified as national importance let's hope this process doesn't take much longer than is necessary. But in the meantime my focus is on the V1 spud and how much of a game changer that will be if it's a successful outcome, 200mil barrels. Both that and the LP granting will be phenomenally transformational for the company, the Gov and us shareholders but all depends how much longer we have to wait for this to go through the Cabinet. But yes all looking good :+)) GLA
Mervyn Peake would be proud to think that the Mongolians have taken his iconic work to heart so assiduously.
We cannot know this sir but we know have multiple Cabinet meeting every month.
This does not need Great Kural parliament discussion or vote. Just Cabinet meeting and signature.
No law change require or anything else & now have special Project of National Importance status & with documentation already gone to all relevant Ministeries for Ministers to read before Cabinet meeting.
Look very good I think :)
“ 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. { In advance of submission} how certain can we be it's been submitted already?
Information I post from Ikon News and was put up 2 hour ago.
Think you have made interpretation of mr Master post incorrectly sir & also this article from 29 March talk about recommendation from standing Commitee to Ministry of Environment. No law change need to happoen to grant LP but just Cabinet signature.
You will see on 3 April Update Special Designation document ready to be submit for this signature
Hope that help sir :)
Hi mmafr
You’ll find WOS is being enthusiastic and linking the background general political push to improve the climate for and encourage further foreign investment in Mongolia with our specific progress towards approval of the Local Access Permit .
All you need to do is judge where we are is re- read the latest RNS which 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. ”
Note the emphasis on “ project of national importance.”
You don’t draft that in lightly !!!!
Lol, don’t listen to anything UWOS says! He must be getting paid some serious overtime rate for working on a bank holiday.
Hi WOS,
Is this just your opinion or is it written in black and white somewhere? If I interpret Master82's posting correctly (thank you for your great research work, by the way), changes to the law would have to be made urgently in order to grant the LP (“At the end of the meeting, the Chairman of the Standing Committee, B. Saranchimeg, asked the Ministry of the Environment to urgently submit a set of laws to eliminate violations and violations of the legal environment in the environmental sector,...”) . As I see it, your posting is contrary to Master82's posting, and since I think this is the crucial point, I would like to know your view on this.
This from today Parliament session
Like I say before Cabinet reshuffle last Aug for one reason. Focus on BUSINESS & FOREIGN INVESTMENT.
"The afternoon general session of the Parliament has started. At the meeting, the Prime Minister's information was heard on "policies, strategies and measures to intensify cooperation to promote Mongolia abroad".
B. Battsetse, Minister of Fireign Relations, is presenting policies and strategies for promoting Mongolia abroad.
He said "implementation of this policy will create advantages such as attracting foreign investment and expanding the economy"
Special designation LP only need Cabinet signature and not full Govt agreement & all piece now come together with very pro business Cabinet
Happy to hold my MATD share before BIG rerate :)
Not so much adding a 0 to the end as moving the decimal point that would be nice.
Land law was discussed in Parliament on 29/03/23
Just posting snippets of the meeting.
The National Audit Office has heard the audit report on the compliance, effectiveness and land allocation of the Law on Specially Protected Areas.
Also, in the audit, the Ministry of Environment and Tourism, the Management of Specially Protected Areas and its affiliated security administrations, Bogd Khan Mountain Nature Reserve, Gorkhi-Terelj, Khuvsgul Lake Natural Park, Department of Land Management, Geodesy and Cartography, General Department of Taxation, He said that the decisions and activities related to land allocation and land use for the third quarter of 2019-2022 of the Ministry of Minerals and Oil and relevant government agencies were included.
At the end of the meeting, the Chairman of the Standing Committee, B. Saranchimeg, asked the Ministry of the Environment to urgently submit a set of laws to eliminate violations and violations of the legal environment in the environmental sector, and linked it with the audit findings, gave specific tasks in the notes of the Standing Committee, and again discussed the extent of the implementation of the recommendations. from the Media and Public Relations Department of the State Great Khural
Good Friday Old Chap.
Interesting will have to wait until Tuesday.
No Bank Holidays in Mongolia though.
4.175 with a zero next to it: 4.1750
Happy Easter All !
just thought I'd post a link to our CEO's last interview
https://www.youtube.com/watch?v=IRGBKy5v85k
if you've got some time on your hands and you haven't seen it it's worth a look. when you think about the potential our company has its frightening i certainly wouldn't want to be out over the weekend
guys have a great easter and see you all tuesday morning sharp lol
LP landing next week all depends if cabinet deal with it this week, but we can all day as this is the last hurdle and a signature needed now to approve, it can land any day this month, anyone one and even traders best to HOLD this until LP lands atleast as this will multibag, and the. We have velociraptor drill which will attract investors and gamblers, for possibility of even further mega multibags,
Tomorrow will be interesting, but I'm happy to wait for the whole month for the LP to land as I'm going no where until heron produces and the raptor trend discovers big oil
I do believe year end this may have a zero next to the current share price 10 bags
Oh, 4.175p it is then!