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Like I say before Cabinet reshuffle last Aug for one reason. Focus on BUSINESS & FOREIGN INVESTMENT.
"The afternoon general session of the Parliament has started. At the meeting, the Prime Minister's information was heard on "policies, strategies and measures to intensify cooperation to promote Mongolia abroad".
B. Battsetse, Minister of Fireign Relations, is presenting policies and strategies for promoting Mongolia abroad.
He said "implementation of this policy will create advantages such as attracting foreign investment and expanding the economy"
Special designation LP only need Cabinet signature and not full Govt agreement & all piece now come together with very pro business Cabinet
Happy to hold my MATD share before BIG rerate :)
This from today Parliament session
Hi WOS,
Is this just your opinion or is it written in black and white somewhere? If I interpret Master82's posting correctly (thank you for your great research work, by the way), changes to the law would have to be made urgently in order to grant the LP (“At the end of the meeting, the Chairman of the Standing Committee, B. Saranchimeg, asked the Ministry of the Environment to urgently submit a set of laws to eliminate violations and violations of the legal environment in the environmental sector,...”) . As I see it, your posting is contrary to Master82's posting, and since I think this is the crucial point, I would like to know your view on this.
Lol, don’t listen to anything UWOS says! He must be getting paid some serious overtime rate for working on a bank holiday.
Hi mmafr
You’ll find WOS is being enthusiastic and linking the background general political push to improve the climate for and encourage further foreign investment in Mongolia with our specific progress towards approval of the Local Access Permit .
All you need to do is judge where we are is re- read the latest RNS which states
“ Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area. The certification is being proposed on the basis that the Heron development is a project of national importance. ”
Note the emphasis on “ project of national importance.”
You don’t draft that in lightly !!!!
Information I post from Ikon News and was put up 2 hour ago.
Think you have made interpretation of mr Master post incorrectly sir & also this article from 29 March talk about recommendation from standing Commitee to Ministry of Environment. No law change need to happoen to grant LP but just Cabinet signature.
You will see on 3 April Update Special Designation document ready to be submit for this signature
Hope that help sir :)
“ Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area. { In advance of submission} how certain can we be it's been submitted already?
We cannot know this sir but we know have multiple Cabinet meeting every month.
This does not need Great Kural parliament discussion or vote. Just Cabinet meeting and signature.
No law change require or anything else & now have special Project of National Importance status & with documentation already gone to all relevant Ministeries for Ministers to read before Cabinet meeting.
Look very good I think :)
Mervyn Peake would be proud to think that the Mongolians have taken his iconic work to heart so assiduously.
Maybe so BP, But every story has an ending, eventually. WOS I understand what you are saying but having been invested in PM for quite a few year now and seeing how processes can take considerably longer than anticipated in Mongolia and even though the Heron development has been classified as national importance let's hope this process doesn't take much longer than is necessary. But in the meantime my focus is on the V1 spud and how much of a game changer that will be if it's a successful outcome, 200mil barrels. Both that and the LP granting will be phenomenally transformational for the company, the Gov and us shareholders but all depends how much longer we have to wait for this to go through the Cabinet. But yes all looking good :+)) GLA
Mr Jimi this is good point & even when we say LP can come any day now because just need signature & this is true but I hope does not come for few week yet.
Why?
Price will build up for Velocirapror just like you say and think now more & more people take early investment position for this.
When LP RNS come will be so big rerate for obvious reason. When we already hold MATD share we do not worry about missing this RNS if it come next week or end of April because rerate will not catch us out
At same time enjoy price rise from start of Velocirapror build up
Happy for this :)
Think the ambassador spoke then 2 weeks ago now when he was told it was being made ready for forwarding on to the cabinet, so hopefully it's made there by now or even signed off today as I think there is a sitting today at parliament, last hurdle folks it's deffo coming very soon
https://mongolia.gov.mn/news/view/26656 This script from the official letter translated, The 2020-2024 action program of the Government of Mongolia, "Vision 2050, Mongolia's long-term hextic policy, "New recovery policy" within the framework of the recovery of state income, the Government of Mongolia "structure and organization of administrative institutions. "A comprehensive analysis of government structure and organization" It has been implemented by establishing the optimal structure, transferring some functions of the government to private companies, "reducing the evasion of loans, reducing the bureaucracy, creating a business-friendly legal environment" and ensuring its implementation.
Therefore, in relation to the activities of the organization, please submit your proposals regarding the problems faced by entrepreneurs, the ambiguities of the legal environment, and inefficient regulations, according to the attachment, by April 10, 2023, and ask for cooperation
Iamrich - no matter whatever the derampers say the LP is coming, exactly when who knows, but it won't be years as some state. If you was to lay out all the reasons why it is coming , which the majority are from official sources being government or RNS they would still would try and deny it was happening.
Hopefully the large seller has gone and SP can climb and then end of April LP is granted, DQE deal agreed and then SP increases again leading up to Velociraptor spud
Agreed if we can get the timing right with the RNS's this share should have a nice steady rise up through the teens at least to Raptor spud and possibly even higher during spud depending on the rumours circulating the drill. Forget the 20 CoS MB has to say something like that the rumour factory will take over. Whether they know any more is unlikely but the SP should react and your action to that reaction will then come into play. And when the results are announced there will either be a sharp increase or sharp decrease either way. Let us hope for the sharp increase.
Ulaanbaatar, April 7, 2023 /MONTSAME/. Minister of Culture Ch. Nomin received Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland (UK) to Mongolia Mr. Philip Malone on March 30.
During the meeting, the sides exchanged views on Mongolian policy on cultural and creative industry and cooperation opportunities in line with the policy. For instance, the sides discussed establishing an intergovernmental agreement to jointly produce a movie as Mongolia has approved the Law on Promoting Film Industry.
Moreover, the Minister of Culture highlighted some cultural projects that require close collaboration with the UK, a leader in the world's cultural and creative industry, under the Mongolian policy on the cultural and creative industry. One of them is an epic Mongolian drama “Throne without a Seal” which will be staged in the London Coliseum Theater under the name “The Mongol Khan” in November 2023. To that extent, the Minister of Culture asked for the Ambassador’s support on this project, and to closely cooperate.
In addition, the Mongolian National Museum and the Mongolia and Inner Asia Studies Unit of the Department of Social Anthropology, University of Cambridge have signed the Memorandum of Understanding, enabling bilateral cooperation in Mongolian studies and sciences, joint research, and exchanges of researchers. Under the MoU, a special exhibition with the theme “Mongolian Shamanic Tradition” is going to be displayed in Ulaanbaatar in September 2023.
Besides the selected objects from the collection of the Mongolian National Museum, photographs, videos, archival materials, and other historical documents kept in the Museum of Archaeology and Anthropology of the University of Cambridge, such as collections of Mongolian historical photographs taken by Owen Lattimore and Ethel Lindgren, will be displayed at the exhibition.
Ulaanbaatar, April 6, 2023 /MONTSAME/. During its regular session on April 5, 2023, the Cabinet made the following decisions:
Prime Minister’s Order to Intensify the Anti-Corruption Operations Issued
The Government of Mongolia has declared 2023 the “Year to Combat Corruption" and started the five “W” operations. Minister of Digital Development and Communications N. Uchral presented on the process of “Wide-Open” Operation, aimed at ensuring citizens’ rights to search and obtain information at the Cabinet Session. Following the presentation, the Prime Minister’s Order to intensify the “Wide-Open” Operation was issued. In pursuit of the Order, the Cabinet members, governors of aimags and capital city, Head of the Government Agency for Policy Coordination on State Property and Regulation, and Director of Government’s Special Fund were mandated to submit the following information to the Minister of Digital Development and Communications within June 1, 2023. These are:
Certificates of land use issued in specially protected areas, environmental impact assessments of economic activities carried out by individuals and legal entities in this area, their agreements, and payment history of land fees;
Certificates of Building Commission issued by the State Commission certifying that the building has been completed;
Structures of the board of directors and supervisory boards of state or locally-owned legal entities, detailed information about their members, including full name, amount of salary and incentives, and contacts, requirements for management of this type of legal entities and their recruiting procedures, recruiting calendars and detailed information on applicants;
Information on the expenditure of the Government’s special fund and financed projects from the fund, along with related decisions.
Sorry just to clarify, ditto to the overtime bit on a Bank Holiday not necessarily what WOS is saying!
When something's as clear as day, Overkill can have the opposite effect WOS! :)
Clever person will not waste time with complain about why person post on bank holiday or how many time unless they are one who have agenda. Better look at information & decide if useful or not. This is CHOICE of reader so do not try to stop if you post no information yourself sir but want to work with sneaky one for his trading agenda. This is very simple to understand so keep ditto for one who prefer to stick head in ground ;)
From liveTV.mn today and feed to header subject
"At the General session of the conference during the information of the Prime Minster, the Minster of Foreign Affairs presented the policies to intensify cooperation to promote Mongolia abroad"
"Negotiations were held with international media channels such as CNN, Bloomberg, BBC, Financial Times, Economist, National Geographic"
"The international press mainly touched on four main topics, Mongolia"s economy, visits, Mining start of Oyutolgoi mining and sale of mining products on the stock exchange"
Think everyone can see in very CLEAR way how all piece coming together & why we are happy to hold this share now :)
Wise owl told you not to waste time responding to certain people, we all know they are here to rubbish the board and they do not contribute anything here so we know their posts are worth nothing just ignore mate and don't fill the board up with arguments which they want
All coming together now. Some good posts today
Govt getting proactive on ALL fronts. Good to see media coverage initiated now on CNN, Economist,
Bloomberg, Financial Times etc.
Mongolia vision 2050 is now in focus as evident by Govt introducing Investment friendly policies and cutting the Red Tape, corruption, beaurocracy. They sending very clear message to the World - Mongolia is OPEN FOR BUSINESS.
It should also attract Institutional Fund Managers looking to start taking positions in what they deem as "Fastest growing Companies" in Mongolia as one of the New Emerging markets like BRICS.
Land Permit is coming soon. No doubt whatsoever. Govt wants crude Oil production to be around 30,000 bopd by the time Domestic Oil refinery is up and running in 2025. Hence new licences bid round and fast tracking current Oil discoveries and NEW ones ASAP.
PetroMatad should become one of the fastest growing companies in Mongolia and at some point in future i see PetroMatad with +$1b MCap.
IMHO, DYOR.
Mr positive my AVG is 4p ..you are speaking about matd above 10/12p i about how Many years? 2025 or 2030?? Long term view know?
No i think he is talking about Matad being at 70-80p not 10-12p that would be achievable in a few weeks, I reckon. We only 1.1bn shares not 11bn as your figures would work on. I can also see 70-80p in time but really not sure how many years ahead and based on a significant find at Velociraptor which is yet to be seen. The other problem who here is really going to hang on to it. I know i am one of the short term holders i have been here for just over two years now or something like that and the patience is wearing thin.
Pepemartinez (great name btw): If it takes that long I guess you should be thinking about your children or even grandchildren - I'm sure they will love you dearly posthum.
Ojay It was only a think It over but yes 2025 rwe Will see where matd has gone