Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Clever one will load up with knowledge of RNSs and LP process bypass all local vote & go for Special Permit designation.
All paperwork prepare by Mining zministry & submit for signature to Cabibet. This is why Mining Minister mr J Gambaatar say LP will be all sorted out and release
I see COPL also has an RNS out. They are in the USA, producing & selling oil & STILL making losses. How does that reflect on MATD's prospects.
Personally think the RNS reads well on all fronts. Rig secured for June spud, making progress on Heron at central government (they clearly ascertained out that the local government will obey to instructions from the central government and not loose face with local voters and population), likely addition of other assets. All of this will bring this year news flow on various fronts.
I definitely see 3p again. This seems to be going nowhere fast. Another RNS trying to put a rosy picture on progress…..how many of those have we seen over the past 2 years?
Sp will probably drop for couple of days to scare weak holders. But expect a rise till spud .
L.P. won't be far off.
If I’m honest I don’t know how the markets will react to this today but it’s looking promising.
Let's see what happens at 9 o clock gla
Mr Da Mike
This is why I repost Report
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Excellent Master82, Ganbaatar also in meeting with parliament tomorrow at 2:30pm Mongolian time to discuss revitalising the Mining/oil industry so all good in my eyes, as said earlier for them to call the a matter of "national importance" says everything to me tbh. As said it's my opinion. Fingers crossed for a good day SP wise.
Mr Da Mike
Renav 58p with Velocirapror / 26p without. This with $70bbl oil price but around $85 now and projection over $100bbl
Also have NEW LICENCE round with some block bigger than Quattar so no surprise Mongolia spoke if as potential New Saudi Arabia.
You understand why deramper have been caught with pant down & cry now ;)
Be happy :)
Spot on Ninesandytoes - and with the references to us advising government on latest licence application procedures and our Special Purpose Certification being described as “a project of national importance..” it all goes to show how extraordinarily well in PM are with the government compared to Petro China. I think we’re being run as the stalking horse to change the industry !!! Brilliant stuff !
I do see it as a positive RNS. Who knows, SP might even go to 5p today. But hard facts are still that we do not have the LP. I said last night there’s plenty more pen pushing and Jiffy bags to be swapped yet. And that seems to be the case.
I am glad you are not invested mr Bad Prophet.
Also all other desperate post this morning from naysayer last few week who see how badly they have made mistake with trading lol
Think a lot if pant around knee & heavy sweating for them this morning ;)
We are happy & they are WET :)
Dozz. Meeting is taking place today.
I can see Rio tinto director in the meeting and plenty of officials in there
PRIME MINISTER OF MONGOLIA L. OYUUN-ERDENE
MEET WITH THE REPRESENTATIVES OF THE MINING INDUSTRY
The Prime Minister of Mongolia L. Oyun-Erdene today /04/03/2023/ received representatives of the industry led by the Minister of Mining and Heavy Industry J. Ganbaatar, presented the progress of the industrialization revival and port revival, which is included in the "New Revival Policy", and presented the challenges issues were heard and discussions were held on further measures.
Also, they exchanged views on the issue of ensuring stable and normal economic activity based on the mineral sector and strengthening responsible mining within the framework of public-private partnership.
Industry experts expressed their gratitude for the elimination of government bureaucracy, the improvement of the methodology for calculating AMNAT, and the reform of the law in this context, and emphasized that the granting of special permits to enterprises that have introduced environmentally friendly technical and technological advances will be the basis of responsible mining.
In addition, the development of sustainable production, production of raw materials for explosives, which accounts for about 20% of the cost of mining production in the country, attention to human resource issues, improvement of the accountability system, tax incentives for high-value projects, objections of local people, and proposals to organize rules and regulations that exceed the law. and expressed his willingness to work together to find a solution to the problem.
Hi guys, new here... Whats the SP expectation over next few months ?
A lot of people are going to come in .. finally official news of what we were all thinking
Documentation to certify the Block XX Exploitation Area as special purpose land is being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval'
IMO What this tells me is all obstacles at local level have been overcome and it's been passed by MRPAM/MMHI and now all we need is cabinet approval and for MRPAM/MMHI to class it has "national importance" is significant in my eyes
That RNS isn't what I hoped to hear, it'll be a write off this year at this rate
Possibly a waste of sour grapes also BP.
Tell us something we didn't know - total waste of paper & ink.
LP clrufu action for people who do not or deliberately understand
DOCUMENT NOW BEING PREPARED FOR SPECIAL CERTIFICATION FOR DIRECT SUBMISSION TO CABINET :)
This OVERIDE all other claim or objection and give Petro Matad LP
Happy : )
Great news! A special mention should go to master who kept us informed in worrying times. The big part I took out of this was that it was the ministry of mining and not PM who were submitting this for approval. At long last a rubber stamp os being dusted off in Mongolia. I expected Velociraptor to be late as Tallon energy had the Major drilling rigs but this could work out well for the share price as we hopefully go into tje spud with insurance. Investors should have more confidence in that scenario. Good luck all. Chocks away!
Let's see how the market reacts and if it is negative Owl needs to shut up for a while.
Ganbaatar the Mining Minister is in a meeting with parliament/cabinet on Wednesday discussing the revitalising of the mining/oil industry. It is on the parliaments agenda for this week, so whether it will be discussed then