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Bowley
I am not sure how this is all completely relevant to PM but i am sure you believe so otherwise why would you post it. Personally i think this is more a matter for the Mongolian President and his government (other than the prime minister of course).
Having said all that there are a couple of questions which are fair to answer.
1) Are we sure that the extra loan assuming from Belarus of $1.2bn is actually to replace stolen money and not just because costs are over running on the project.
2) if the whole loan was stolen then how come there has been some work done on the project unless someone is paying out of government coffers. However if you are saying the Prime Minister has top sliced a bit off the loan then am i surprised the answer is no i reckon that happens almost everywhere.
3) Additional loan from Belarus seems a bit unlikely I am not sure they could get money out of the country for fear of it going to Moscow. And 1.2bn for a country with a GDP of 70bn is a lot of money especially as they probably know the first lot fell of a lorry then there's might also fall off the same lorry.
Rather than accept this blind from a source we do not know but you do i think there are a lot of questions that need answering first before blanket acceptance.
I’m surprised Belarus have got any money to lend, given how many sanctions they have on them.
Give us proof of your allegations mr Bowley. Can you do that? This is fair.
Is this same insider source that we see give you such fake intel like before where you embarrass yourself when RNS expose you as fraud very next day?
Reason why costs go up due to global price rises from world events which feed into all previous estimates. Also delay with manpower transit restriction & equipment supply route.
This was discuss few month ago in Mongolia news with site visit by Prime Minister who order this changes to help speed up delay in refinery. Like he say will put everything behind completion now.
This is what we hear from more reliable source with wide media coverage but you say in post "President stole all money".
This sound very sillly when seperate auditing process by Indian side did not even mention anything like this or any statement from Indian Minister, Bank representative or anywhere but some mystery source you say you have.
Maybe you are one who try to play BB like before with your big intel FAIL about Cabinet decision OR you are one who is someone else's PAWN 😏
Be happy but do not assume everyone is so easily fool sir 🦉
So as I said Master where is the original loan of $1.2bill that the Indians provided the Mongolians to build the refinery ??
If the money was being used as intended, why all of a sudden are Belarus lending Mongolia more money to build the same project.
I told you where it had gone but everyone believed what the politicians were telling you.
Your learn !!!
//being very old it does not really matter LOL!!!!!//
Only for our heirs - meantime it's just an interesting game.
Everyone to their own risk.....I have been a LTH and will not be selling until they reach my target price or go to ZERO!!... being very old it does not really matter LOL!!!!!
Ojay - I may have mentioned before (?) that IF I was holding MATD it would be a very minor part of my portfolio. I'm not into taking huge risks.
Mattpr1 & b/p: In that case you don't need to hang around here or why would you want to do that?
LOL think only few week if even this long sir.
With all paperwork out and local govt HAVE TO sign certificate by LAW happy to hold
I am stress free holding ALL stock already for header rise 😏💰💰💰💰💰
They'll be lucky if the refinery is operational before 2030 - good job it's of no consequence for PM!
Owlturd, only thing going boom around here is your post count. Not watching for anything soon, maybe 3 or 4 yrs to get anything back. Just glad all my free pot went into BCE
Mr Bowley money now available to continue the project. New loan with Belarus
The Deputy Speaker of the Parliament received the Ambassador of the Republic of Belarus and executives of Exim Bank and Project Management Consulting Company.
On August 17, 2023, the Deputy Speaker of the Great Khural of Mongolia L. Monkhbaatar received the delegation led by the Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M. P. Singh.
The meeting was attended by D. Altantsetseg, Executive Director of Mongolian Oil Refinery, Vartika Shukla, General Manager of Engineers India Limited, Project Management Consultant for Oil Refinery, Nirmit Narendra Ved, General Manager of EXIM Bank of BN, and other officials. people participated.
At the beginning of the meeting, the Deputy Speaker of the National Assembly L. Monkhbaatar congratulated the 76th anniversary of the independence of the Republic of India, noting that major projects and programs that will contribute significantly to enriching the strategic partnership between Mongolia and India with new content have been implemented and development is taking place intensively.
At the meeting, the parties discussed the progress of the oil refinery construction project and exchanged opinions.
Considering the time spent on the engineering work of each oil refinery facility, the construction work is divided into 4 parts: ЕРС-01, ЕРС-02, ЕРС-03, ЕРС-04 (ЕРС: Engineering-Purchase-Construction). ЕРС-01 package works or the construction of non-technological buildings started in 2021. We are working to deliver it within this year. The contractor for ERS-02 and 03 package works and construction of crude oil pipeline was selected in 2022 and the contract was signed. Currently, the design work is in the final stage, and the construction work at the factory site was officially started in April of this year. Ambassador MP Singh introduced the announcement of the tender for the selection of the EPC-04 package construction contractor. He noted that the Minister of Finance of Mongolia and Exim Bank of the Republic of Belarus signed a new loan agreement for the ЕРС-01, ЕРС-02, ЕРС-03 package of the oil refinery construction project in Mongolia and postponed the loan repayment period until 2030
Mr Corpse
Get of lazy buttock & check price yourself at time I post.
Thank you
I didn't think WOS was at all concerned with minor daily price movements. Seems I was wrong.
Is trade price EXACTLY at sell / buy that show here? This is why I say this is price my broker say.
I do not waste time to argue for sake of argument. Just post INFO and you use how you want.
Be happy & wise 🦉
Post the link or copy, Intraday from Google
0.41%?!
The FACT is that the spread has not moved from 3.6/3.8p.
+0.41% Up with my broker 👩🎓🦉
Intraday Petro Matad Share Chart ; Price, 3.70 ; Bid, 3.60 ; Ask, 3.80 ; Change, 0.00 (0.00%).
B/P… Agreed - which Xmas…!!!
The longer MB remains as CEO (let’s start the rampers cursing and screaming again) - it could be a fairytale Xmas.
That is the 25th of never…!!!!
Whilst MB remains the captain of this slow moving cargo ship (going around in circles) - it’s never going to happen.
Sadly… :-(
I can sell MORE then BUY so look like they want share. Can only buy MAX 120k share & buy price creeping up (at this moment).
When I look at header and understand investment development am glad already have ALL my shares.
Do not have to worry it get stress like some ouster in this BB 😁💰
BOOOOOM is what you sound afraid of Mr Mattpr 🤔
If you really hold share SELL. If not BUY & just calm down.
Relax, be happy & wait for RNSs 🚀🚀
*Price creeping up on Google. Accept or not no problem for me 😏
This maybe relevant...
https://mrpam.gov.mn/news/2601/
L. Bayarmandal, head of the Mineral Oil Department, received and met the executives of China's "Sinopec" group.
L. Bayarmandal, head of the Department of Minerals and Oil, together with the management of relevant departments, received the management of China's largest petrochemical concern "Sinopec Group" and "Donshen Oil Mongolia" today /15.08.2023/.
Wu Ruikun, Deputy Head of the International External Cooperation Department of China's Sinopec Group Company, expressed his interest in continuing cooperation with Mongolia in the oil sector under the PSA Agreement, and asked for support in solving some difficult issues.
During the meeting, the chairman of MRPAM, L. Bayarmandal, exchanged ideas on new opportunities for cooperation with "Sinopec" group in the oil industry and solving some problems in the current cooperation. Specifically, he expressed his proposal to increase oil production and reserves by investing and introducing new techniques and technologies, clarifying the supply plant for the crude oil produced by the "Donshen" company, and intensifying the issue of importing oil products/fuel from China to Mongolia.
Sinopec is one of China's 100% state-owned largest oil companies and ranks third in the list of TOP-500 companies in the global oil and petroleum sector. The main products are oil, coal and natural gas.
Next year 🤔