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Hope you all had a great Xmas? Now let's get this f£%%:g share moving.
I guess share price easily get to 14+ asa LP landed.
Look at 88E with18B shares in circuit and $100m MC!
14p would be around $120MC with massive potential and income is easily achievable.
Hopefully 2023 would be MATD huge rerate.
Guys,
Hamm: I like your (new) tone. Readers on this board who don't know your posts from this year may actually call you a ramper. God forbid!!!
Good to have you back on our side (until the next PM havoc arrives!).
The results of the technical proposals submitted by the enterprises participating in the selection process for the special license for mineral exploration No. ??-64-1 announced by the Department of Minerals and Petroleum on November 23, 2022 will be announced on December 30, 2022 at 12:00 p.m. It will be published in the electronic system of public procurement at 00 minutes.
master82- your post is intriguing, could you kindly explain it or say where it is from Thsnknyou
Masters post from official gov web site https://mrpam.gov.mn/
Thanks for the link Masters82
Very interesting, that could / hopefully be the LP landing then.
Could make for a very exciting day on the 3rd when the markets open again ...
I am not sure it is the land permit, unless something gets lost in the translation, but it mentions exploration license and not exploitation license, which of course we already have. I am wondering if this is the issue of new exploration areas that the government are auctioning / licensing off. If it is the land permit great but i have a feeling that will not be far behind if not done around the same time.
Greetings from the minister of minerals and oil. On the occasion of the 83rd anniversary of the establishment of the Geology industry in Mongolia, the geologists, scientists, and researchers of all generations, who opened the source of mineral resources and dedicated their intelligence, knowledge, and hard work to the development and future of our country, all the employees and colleagues of the Government. I would like to extend my sincere greetings on behalf of the implementing agency, Mineral Oil Department. Since 1994, trends in geological research, organization, form of ownership and financing fundamentally changed and re-approved in 1997 Geological exploration according to the Law on Minerals A legal framework has been created to carry out the work with private funds is. 14175 throughout Mongolia during this period a special license for exploration has been issued and a total of 2,988,998,553.2 (Two trillion, nine hundred and eighty billion, nine hundred and ninety eight million, five hundred and fifty three thousand) MNT has been spent on exploration work. 3,216 reports of the results of exploration carried out with the funds of private sector investors were discussed by the EBMZ, and 1,128 deposits of 14 types of metallic minerals, 347 deposits of 25 types of non-metallic minerals, 341 deposits of 9 types of common minerals, and 13 deposits of 3 types of combustible minerals were discussed by the EBMZ. taken and registered in the Mineral Resources Fund of Mongolia. Among these deposits, I am happy to point out that the discovery of the world-class Oyu Tolgoi copper deposit in the territory of Umnogov province is a proud event for our explorers. Total exploration and exploitation in Mongolia as of October 19, 2022 2557 special licenses are registered. 4.1 million ha, which is 33.1 percent of these special permits 848 special exploration licenses covering the area are validly registered. This is 2.6% of the total territory of Mongolia. Out of a total of 39 oil and unconventional oil fields in Mongolia, 9 oil fields are being explored, 6 fields are unconventional oil exploration, and 4 fields are under oil exploitation. PSC period has expired and 15 fields are being prepared to be declared open to the international oil community.
As a result of the exploration work, oil fields were found in Toson-ul, Tamsag, Dzungbayan-Tsagaan els, and Matad fields.
Oil was discovered in the Galba XI and Khokhnuur XVIII exploration fields after opening the deposits and evaluating the reserves in the Galba XI field in progress Providing ample opportunity to carry out geological prospecting in areas approved by the government and attracting private sector investment in this area have been set as a major goal and challenge for us. The innovative ideas, initiatives, and creative work of the entire industry community are responsible for realizing this goal as a practical task and overcoming challenges.
Any news regarding LP?!