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Hamm, perhaps it's best someone takes the lead and produces a list of questions and then others can post additional questions to add to the list, otherwise you will be getting loads of duplications as I am sure we are nearly wanting to ask the same questions
The cash raise I expected before Xmas may be out the window with the current SP. Watch this space.
Manro, I think if everyone puts his/her questions as bullet points, then we would have a list of questions shareholders have and would like to be answered. These questions can be reposted here and at the same time emailed to the company. This would be more constructive. As I said I am sure MB would love to have H1 into production. He surely has made lots of mistakes as well.
Yep, Ma Turd i'm afraid.
China has declared "the Western World" (and its democratic values) as its adversary. That clearly - and unfortunately - includes Taiwan. I truly hope this chapter does not result in a conflict as we are seeing now between Russia and the Ukraine. God help us.
maybe Mongolians antipathy towards China is a result of what happened to Tibet
Jimi, that's one of those very reasonable questions that needs to be answered by the crooks who run the company and their rogue boss who constantly lies and misinforms us. And since they always respond to our individual appeals with general phrases and formal replies, I suggest that you or Hamm (you should agree on which of you) prepare a draft collective letter (which about Hamm have mentioned recently) and post this draft here on the site. I would draft such a letter myself, but English is not my native language and therefore you will do it much better, especially Hamm - the author of this great idea. Please agree which of you will prepare such draft, and then which of us investors will agree with the text, then they will be able to copy it and send it to them by e-mail. Depending on their response, we will decide whether we will contact the SFO for prosecution this leadership or not.
Environmental neo nazis
Ariunbold Altankhuum is the 40-year-old leader of a Mongolian neo-Nazi organisation named Tsagaan Khass, or “White Swastika,” which operates from an office behind this lingerie store in the capital Ulan Bator. The group, associated with activities like shearing the hair of women it accused of consorting with foreign men, has recently changed tack: it rebranded itself as an environmentalist organisation fighting pollution by foreign-owned mines.
https://widerimage.reuters.com/story/mongolias-environmental-neo-nazis
Reading the fb posts of a number of them, Mongolians seem to be an ultra nationalist lot, particularly resource nationalist. Maybe this nationalism/anti foreigner tendency has something to do with it?
e.g. Rummaging around I came across this. https://www.theguardian.com/world/2010/aug/02/mongolia-far-right
Just wondering why after 3 years we obtained the Red Deer land permit easily enough why the hell are they encountering these problems still for Heron???. RNS Operational Update 20 Aug '19
20 August 2019
Petro Matad Limited
Operational Update
Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil explorer, provides the following update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia.
Further to its announcement on 14 August 2019, the Company reports that all processes for obtaining the land permits for the Heron and Gazelle well sites have been completed and issuance of the permits is waiting on final signature by the local governor. In the meantime, operations are continuing as normal at the Heron well site and based on current performance the drilling and logging of Heron-1 are forecast to be completed around 9th September.
Operations at the Red Deer location are proceeding as planned. The well has reached its intermediate casing point and preparations are underway to drill the next hole section. The Company confirms that the land permit for the Red Deer well site has been obtained.
Further updates will be provided in due course
Yes I have posted on all of them and also sent message on FB messenger of which they have read, whether it will do anything who knows but will try anything. Company needs to explain where it is at and update investors. Provincial government refuses special needs licence for block XX and Matad fail to notify investors - surely notify investors and then tell investors the reasons why and what they are doing to change it. But no bloody silence again.
Too late!
Yes I think you will find people have posted on the gov FB page and also on the Mongolian mining journal too.
Has anyone had any luck posting on the Dornod Govt FB page? I can't see anything?
I haven't posted for a while as Im out of this share.. Personally I don't believe the licence will be issued this year. I'm also concerned why the government hasn't issued it. Why not? Watching from the sidelines ready to jump back in on good news about the licence.
Cut it off
Ok thanks.
Sain baina uu. The name of Richard is the Mongolian government of the country. Petro Matad is a company that is based in the country. Richard alban busaar uurtei you are the best
Can anyone translate? Unfortunately, its not written in Cyrillic script
Sain baina uu. Maina uhur Richard gedeg hun Mongolian zasgiin gazart odoogoor zuvluhuur ajillaz baigaa. Petro Matad companiin huvitsaand heden jiliin umnu hurungu oruulsan. Richard alban busaar uurtei tani holbogdoj zorison zorilgod tani demjleg uzuuleh bolomj baina uu gedeg talaar yariltsah sonirholtoi baigaa yum. Uurt tani tiim sonirhol bainaa uu?
ATB
Please see link below. The Provincial government who turned down the request for block XX to be changed to "special needs" to enable us to exploit the oil
https://www.facebook.com/dornod.gov.mn/
Might be worth posting polite stuff on here as well - anything to help our cause.
Looks like this year a waste. Mb can't even get time frame right for equipment delivery.
Everyone taken for a ride.
Bluechipz - me too average 4.3p and holding . This will have its big re-rate one day!
Wish it was 2.6p for me, that's a great average.
My SP average is 4.7p, but I'm still holding and will continue to do so.
Hopefully we'll get some news soon.
Rhetoric question.
//So why build a refinery if your not going to use the oil on your own land ?//
They will use their own oil & 2025 is when PM will probably start pumping!