Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Bluechip
We will get update at agm, we can also send questions.
Valicraptor well will definately be talked about, mid 2024, block V expires, so they have to drill asap. Hence the funding.
Coming months are going to be fun at matd, no more excuses..
I hope so MisterP. We've all waited a long time for it to come.
I'm not saying it would be panic stations if there is no RNS next week, but it would be very disappointing.
Furion ... It wouldn't surprise me at all because the amount of times that the volume of Buys way outnumber the Sells and yet the SP dips for this share is ridiculous.
Whenever the Sells outnumber the Buys though, the SP seem to dip and then some.
This has always bugged me a little also not just here is it possible for people to place orders for a certain amount to buy and fill and then MMs just work to try to fill that buy order being around the bid ? So it’s a buy but doesn’t push up the SP is there some one who may know ? Genuinely interested or is it simple MM games
GLA
We are on the cusp of major breaking news next week. This could storm towards Double figures in double quick time. We all know how fast it moves
Let’s hope so…even if they say the LP are just days away from being granted…..of course much better if they say we have them…be a good statement to start the AGM with for sure.
maestro - you tell me. I’m not a MATD expert (see previous posts for my investment history in MATD) and definitely not a Mongolian oil expert. Hence the question.
Cheers maestro1
Doc83
Who else has found oil in mongolia since heron?
Does anyone know if any other land permits have been handed out in recent months? Is it just matd or everyone else also suffering?
This should bode well for us. Hopefully we’ll have some news next week to prove it so as well.
GLA
Ojay - i have full faith in this turning good over the next few months. Ive been here a while now, and i aint going anywhere :)
Matd usually put one out before AGM, so monday or Tuesday.
Raptor permits are complete, rig has been signed just need a drilling window.
Such a large country with population of only 3m, half the population in capitol, how can matd heron really effect them.
The minister said within 1-3 months and that was oct, we are in month 4 now. So i believe it will be done soon.
In mean time raptor will be drilled. Potential recoverable is 650mmbo, well cost only $1.7m..
Anyone have details on the new block tenders up for grabs ?
I guess I wanted to say: "we'd all like to look" at blue numbers.
Poole: Clearly, we'd all like to to at blue numbers. I guess that's the downside to investing.
Nevertheless don't give up hope because this baby will (within the next few weeks/months) put a smile on all investors faces!!!
Yours truly.
How is it, we have had two days in a row, where the bought shares how outweighed the sold shares, yes on both days the share price dropped!
Got to love a bit of aims scare mongering lol
The government minister told MB it would take him 1 to 3 months to get the LP sorted, that's virtually like saying yes you can have it but it's going to take me some time to get it done, maybe he just got his sums wrong and he should have said 2 to 5 months.
Very good news & show direction of Govt to support investment and take control away from others who will stop this
Happy for the weekend to read this :)
STATE AND LOCAL INSPECTORS OF THE INDUSTRY
MET THE OFFICIALS OF THE EMBASSY
According to Resolution No. 417 of the Government of Mongolia dated November 23, 2022, it was decided to liquidate the activities of the Professional Inspection Organization on December 31, 2022. As a result, control functions were transferred to ministries and their subordinate organizations, and the issue of geology, mining, oil and gas control came under the jurisdiction of the Ministry of Mining and Heavy Industry.
In this regard, Minister of Industry J. Ganbaatar met with officials and experts in charge of supervision and gave instructions.
According to him, with the control issue coming under the jurisdiction of the ministry, it is possible to carry out comprehensive activities of "policy determination-implementation-control". Therefore, it is necessary to get rid of the concept of "reviewing and checking" and work in the cycle of "collecting actual information and facts necessary for policy determination, making proposals", "implementing the defined policy, advising on its implementation", and "monitoring the results". The Ministry of Mining and Heavy Industry is working to ensure the legal stability of the industry, foster responsible mining, and improve the investment environment. Therefore, he said, it is necessary to pay close attention to the implementation of the law, to make conclusions on every violation, violation, and misunderstanding, to solve the problem, to strictly fight against irresponsible mining, and to create friendly conditions for investors.
According to Resolution No. 295 of 2022 of the Government of Mongolia, the structure and number of staff were increased to organize regional offices in the region. Accordingly, Minister J. Ganbaatar emphasized during the meeting that the representative offices of the AMGTG have been established in Dornod, Umnogovi, Dornogovi, Selenge, and Hovd provinces, and these organizations need to work in close coordination with the state inspectors of the provinces.
Dozzawba - that's fair enough. But we could say they've lost revenue already with the (continued) delays. It hasn't stopped them still not giving out the LP. Any ideas why there are still delays?
Welcome back MrP - our lovely nightingale. Thanks to your wonderful singing I have got so many these rubbish shares that don't need anymore of them. Moreover I'm ready to give them to you as feeding. Just wait for the next couple moths to see the further fraudful deals from your swindler and thereafter you can get my free present :-)
Excellent Summary Dozzawba and an entirely reasonable judgment
of the situation in both blocks. Thank you