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There are a number of reasons for both positive and negative people to feel vindicated right now.
Personally I'm on the positive side. The LP issue has gone all the way to a forum who I believe will pass it.
V1 is in play and about to get to a depth where oil will be present in the next few days. We may soon be hearing about other business and once granted the special land use will open the floodgates for other news. Heron workover, first oil, Heron 2, possible JV, field development plans, oil revenue. I believe it is close and then there is the prospect of a hit at V1 also. I do recall there was movement in the share during Snow Leopard around the time they reached the oil shows. Next week could be very interesting. GLA
This is the sort of news we need for PM very soon.
Todays cabinet meeting passed hydropower plant project.
In order to implement the Erdeneburen hydropower plant project, 28,000 (twenty-eight thousand) hectares of land located across the territory of Erdeneburen, Miangad sum of Hovd province, Bayannuur sum of Bayan-Olgii province, and Umbungov sum of Uvs province will be used for large-scale national development and infrastructure projects. It is taken for the special needs of the state for the purpose of implementing the program.
Finnwittrader - I’m as negative as any here on the timescales, but even I’d say it’s definitely feasible the LP could arrive sooner rather than later! And of course Velociraptor should definitely report within weeks.
Well last couple of weeks it’s nicely fallen to below 4 and then at sometime risen to 4.3
So if my buy at 3.6 or lower is filled then when it rises back to 4.1 or 4.2 then it’s all good
Finwitt - ok now we know your plans (for those interested) please let me know how you visualise making 10% on no feasable news as you claim 🙂
Oh I love trading this share.
I’ve buy orders sat from 3.4 through to 3.6.
Once I’m in I’ll sit back and watch Owly boy ramp away then sell again.
There’s no feasible news coming through so it’s pretty safe to make your 10%s
Mr CaC
Maybe maybe not. We will see but need official RNS like I say.
Think for me better to be IN then OUT with all development
However even if not specific, the overall picture is favourable.
I suppose it could 'possibly', be referring to our special purpose certification but .... I feel on balance that, as it is mentioned within the context of 10 decisions relating to the amended draft law, this is referring to the over arching solution long term land use solution viz legislative changes, that has been referred to in several RNSs
In order to ensure the stability of the investment environment, support investment, protect the rights and legitimate interests of investors, improve investment guarantees, support for investors, and improve and simplify government services, the following 10 principle issues have been newly incorporated into the draft law.
1. In this some regulations prohibiting or restricting investment activities have been removed.
2. Guarantees for investors have been improved in line with international best practices.
3. Investor's rights protection council or complaint resolution system is established and complaint resolution is detailed.
4. The right to settle investment disputes through international arbitration is guaranteed.
5. The role of investment protection and support is defined as the function of all government institutions.
6. In order to eliminate tax differences and ambiguities, changes were made to regulate tax incentives and equal withholding tax rates.
7. Provisions have been made to eliminate duplication of planned inspections by the state.
8. The process of obtaining visas and residence permits has been simplified, and regulations that create double burdens for investors have been reduced.
9. The criteria for issuing stabilization certificates have been simplified and conditions for electronic issuance have been created.
10. Legal regulations related to land use relations were resolved in accordance with the Law on Land.
It is believed that the approval of the revised draft of the Investment Law will have many positive effects, such as increasing economic growth, creating a favorable environment for attracting investment, increasing jobs, and improving Mongolia's competitiveness.
Also ask yourself why in SAME Cabinet Meeting they have "discussion of preparatory measures implemented in the framework of becoming an open joint-stock company?
Then ask why Petro Matad work closely & help Govt organize New Block tender & PR to promote this?
Now ask why members of MRPAM (Mining Regulatory Body) and MMHI (Ministry of Mining & Heavy Industry) and Mongol Ambassador all travel to Isle of Man in person with CEO of Petro Matad?
Think you understand why time spend in research / intel better then time spend to gossip on share you do not even own Mr BP
Hope this some help but if not fir you then for real investor :)
We expect Ministry of Urban Development Cabinet Submission will be any day & is consistent with official company statement of resolution shortly.
Maybe better to leave gossip & bitterness to side sir & see evidence building up for Land Permit RNS with Multibag price move
Your money not mine so do what you want but try to be happy:)
Official Mongol Govt source provided
montsame.mn/mn/read/321728
10."Legal regulations related to LAND USE relations were RESOLVED in accordance with the Law on Land"
Is this more supposition from our resident suppository?
"But no one knows exactly what "shortly" might mean!"
Think we will shortly know ;)
Then read reference to Land Use RESOLUTION from today Cabinet Meeting ;)
But no one knows exactly what "shortly" might mean!
Surf - the word shortly was buried deep in the Director's comments at the end (previously discussed)
This show how few people READ RNS mr Surf lol
Read again please. You will find word "SHORTLY" for land access permission ;)
Months is fine by me so long as it comes.
I suspect it'll come sooner though.
Share price when it does?
I didn’t see the word ‘ shortly’ mentioned in the latest RNS? .. ‘ Months ahead’
@Doc83
So presumably in 3 months or so from the last raise, the mms then deemed that the company was suddenly worth 2.5 x its market cap without any significant news emerging during that time ? That's up to the peak of the last spike ( aka the mm distribution phase ) of just over 7p....It's pure manipulation of a thinly traded stock with low liquidity, with the mms also trading their accounts, as well as pulling tricks to accumulate as at low a price as possible through shaking out weakholders who panic easily, such as badprophet.....
Also Dornod province now have step up training for Natural Resource Royalties
We have a commentator on other peoples posts.
Can we all not read for ourselves.
Yes look like it could sir but need official confirmation from company first. Have just been released on Govt briefing not long ago & look like it but let us see :)
Rich - be honest, if LP still hasn't arrived in 5 years, you'll still be saying you'll be happy to wait a few more weeks.