George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I predict
This week new blocks = 6/7P
Feb LP =9/12P
March Rig for block = 12/15P
APRIL Drilling =15/ 20P
BLOCK 20 workover =20/25p
Who knows, this is AIM stock and as we saw with last placing, corrupt as heck. These Things occur on AIM. We get land permit and could be good, but doubt I’ll be around at 30p as I hold 2.75m most at 3.1p, just over 90k worth.
Let’s hope this Land permit comes through asap, then steady rise until spring
Landicaamans I am in an identical position to you, been spot buying since 2016/17 and now hold +520K shares. The permit to extract the oil is critical whilst there is a strong link to the new areas out to tender in the sense that if PM have tendered for any of the five areas it would be rather worrying if they were not successful. Local knowledge, scales of economy, and short resource supply lines should make their tender very competitive. To secure more land would help to reinforce their position as a major player in the Mongolian oil industry and drive up confidence in investment markets. confidence. The next few months may well prove to be the acid test for PM.
Can't believe how mpram operates. Can't stick to their own timetable
The results of the technical proposals submitted by the enterprises for the selection process for granting special licenses for mineral exploration will be published in the electronic system of State procurement on January 12, 2023
Yes but what about the Land Permit to exploit what we have that surely is the real catalyst here.
Yes. I opened the page and your take on the situation appears to be correct Dozzawda. No license news until after the 13th.
Jimi it's good to know that the tenders end this Friday so imo no RNS this week ref new licences, but most likely late next week after MRPAM have gone through and vetted them all.
When I click on the three lines top right, a pop up takes me to three more links, licences and spacial areas, and then get stopped there I was just curious cheers, thumbs up emoji :+))
The tenders only relate to the areas, no mention of companies.
Jimi, it's saying active tenders start and end date. End date is this Friday
I think it will go up or maybe go down if not it will stay as it is
I don't have a computer but can anyone find there way around this link my phone screen isn't big enough to load it all thanx in advance GLA
https://cmcs.mrpam.gov.mn/CMCS#
A specific date in October was not mentioned so even if you say 31st October we have until the end of the month.
As mentioned previously Imo this will be sorted before the end of the Autumn Parliamentary Session which last year was Jan 19th, so I would presume Jan 20th, so as said imo not long to wait.
Why would the MG refuse to give PM the LP when at the same time they are putting 14 new blocks out for tender it wouldn't make sense and what message would that send out to other companies who are thinking of bidding and potentially spending millions on these new blocks. So for me it's on its way, hope I'm right
GLA
The 1-3 months is all but up already, isn’t it? What date in October was this said?
We were in the same position last year waiting for the land permit that never arrived . I hope this isn't a case of de ja vu We are hanging on the words of MB in the interview and some casual words that were exchanged between him and the Minister. With the minister stating he would get it moved along within the next 1 to 3 months from October . Nothing concrete by any stretch of the imagination and I for one don't expect an announcement within that 3 month period .
I think the market know what Mongolian time keeping is like.
Prime example was EL. And this mpram results ..
It's a be very slow moving country.
I thought we were told 3 months from October? That's what the market has priced in right now. So if January comes and goes with no LP, this will likely fall.
It needs a good reason to go down. Just like it needs good reason to go up.
What could take this down besides delays.
PM have till March April to get permits
And down.
Go side ways.
It can definitely not only go up!
Mms keeping this down to scare short term holders.
There's no reason for mpram not to award block to PM. PM has data for the block they are interested in.
No bad news is expected here.
This can only go up.
Thanks for that researchandhold. That’s good to know.
What else is good to know is that the “Country’s leading explorer”, is showing faith in itself and the potential oil discoveries waiting to be made in Mongolia, and Matd wants to be at the forefront of that or they would leave the other blocks for others to explore.
Little company, massive future…… If the Mongolian Government can get it’s act together, but the signs are there that things are taking a turn for the better.
GLA