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What I don't understand is why there's no news about the equipment.
He said few weeks in his last interview. That was months ago.
Sorry it was at the border.
Can he organise anything right.
Where the hell has he blown this 10million
lambo - we have heard your view on the future share price a few times now, no need to repeat, it's boring!
Can see this below 1p by year end, so much opposition to PM I can see this been a long drawn out legal battle that could go on for years
I agree the $64k question is the cash flow both literally and metaphorically. We have not heard a word on the cash flow well because we have just not heard a word. If i am right i remember hearing sometime ago that the management was on half wages and i am assuming they still are as i have not heard anything to say they are back on full wages and i would hope that would slow the drain the other is that Petrovis, our senior partner, might lend us some more if they knew that something was due to start shortly. Otherwise would appear to have f******d ourselves by allowing the share price to drop to such a level that a share raise would be massive at a very low price. At the moment we just have to wait and be patient it is quite frankly out of our hands but then is it ever in the hands of a few shareholders.
Excellent post Ibiza (Wednesday 15.28). I have a few additional points:
The timeline for completion and start-up of the refinery must surely be slipping and adversely affected by continuing lockdowns in China and border closure on procurement of materials and available workforce.
Oil production, mainly from PetroChina’s blocks, has been falling year on year. Thus, unless significant domestic production
developed and brought onstream well in advance of refinery start-up or supplemented by crude oil imports railed in from Russia, the refinery may not be operationally nor economically viable at low throughput levels, particularly given the winter conditions.
Post the Soviet satellite era, successive Mongolian Governments have been keen to attract Western investment and expertise. However, being surrounded by Russia and China and given the current geopolitical situation, Mongolia is unlikely to attract Western interests, particularly for its oil sector. In the circumstances, the authorities should appreciate PM’s predicament.
The Mongolian government has its problems, but ironically the situation in China may be buying them some time to resolve issues; but this will be of little comfort to Petro Matad with its very limited financial resources to see the company through to a successful outcome.
the full one hour of discussion was on fb as well. These local reps were so much against PM, dont know why. However the good news is that they eventually agreed they can do nothing legally as the central government requested the block 20 land area to be state special purpose. This discussion held in Sept so hope some progress since then. The land law discussion was postponed till next friday. Parliament members were generally supportive of the change in the law. Seems things are now in right direction. Just need little bit speed.
I don’t recall investing in any other stock where the CEO/mgt team are so quiet. The SP has virtually halved in two months, why not come out to at least try and defend the SP? They could learn a thing or two from POW.LN. RNS’s on an almost weekly basis and regular webinars from the CEO.
For the first time I’m now considering selling my admittedly tiny holding and putting the money to work elsewhere.
The idea was while MG is messing around and working on land issues an special permit to be issued for MATD!
Issues to be discussed:
Draft revision of the General Land Law and the submitted legal bills /Submitted by the Government on 17.06.2022, whether to discuss or continue/
Draft revision of the Law on Cadastre and accompanying drafts /Submitted by the Government on 17.06.2022, whether to consider it/
Draft revision of Mongolia's Law on Land Ownership to Citizens and accompanying bills /Submitted by the Government on 17.06.2022, whether to consider it/
The draft law on land acquisition based on the imperative needs of society and the submitted bills /Submitted by the Government on 17.06.2022, whether to consider it/
The revised draft of the Law on Land Payments and the accompanying bills /Submitted by the Government on 17.06.2022, whether to consider it/
Draft Law on Amendments to the Law on Petroleum Products /Submitted by the Government on November 29, 2021, first discussion/
The draft law on public-private partnership and the submitted bills / Submitted by the Government on 04.05.2022, final discussion/
Draft Law on Amendments to the Law on the Use of Water Supply and Sewerage in Cities and Towns /Submitted by 3 members of the State Great Khural H. Badelkhan on 07.05.2021, first discussion/
The draft of the revision of the Law on Railway Transportation and the accompanying bills /Submitted by the Government on 15.05.2020, first discussion/
Draft Law on Amendments to the General Law of Administration and submitted bills /Submitted by the Government on 08.01.2021, first discussion/
To present the opinions and conclusions of the Ad Hoc Review Committee, which is responsible for presenting proposals to the State Great Khural on the issue of the quality of human medicines, the production and supply of counterfeit and non-standard medicines in Mongolia, to improve the inspection of medicines in Mongolia, or to make the inspection activities more effective.
To listen to the answer to the question "About the activities of the Tannery Complex" addressed to the Prime Minister of Mongolia by B. Battumor, a member of the Great Khural of Mongolia.
It’s also worth mentioning that the land law package is still in its draft stage…. It will take many months of revision and discussion to upgrade it from its draft status, will be another 12 months before any vote ti approve imo painfully slow it’s taken 3 years just ti get ti this stage
Thanks Dozz
Here's the link - make up you own mind to what you think - Google translate the text behind the post
https://twitter.com/ikonnews/status/1595986350070968321?t=QSv8esQU9PxrkV0_GNcfgA&s=19
Total rubbish it’s not been discussed today they refused to discuss it during the last meeting
Thanks for posting that news Dozzawba. Are you able to provide a link?
With regards law - the land package law is being discussed in parliament today
Manro, respectfully, if you dislike MB so much and have so little faith in the share amd managemt , its very surprising that you continue to stay invested or why you bother to put so much energy into throwing blows at MB when you have absolutely zero idea what is actually going on either behind the scenes or actually.
You can't have it both ways so are you invested or just deramping.
I think we know the answer but you tend not to talk n fact.
Here is your chance
Best
Southy
Surprisingly, some do not even understand that only crooks operate behind the scenes. And the mere fact that such a suspicion arises about something happening in secret already speaks precisely of a scam. An honest CEO will not hide the truth, much less deceive his investors for all the years in office.
Again: Speculation mode.
None of the posters on this board knows what's going on behind the scenes. Horror stories seem to be what everybody wants to hear - as far a they like to bash on PM and its mgmt.
I say: We investors are in a shi**y situation not knowing what is really going on. And I agree that at this point that no news appears to be bad news. Unfortunately, there's not much we can do about it - but wait and see.
GLA
MB cannot take a legal action because he was well aware of all these frauds and that is why he constantly lied to us about some kind of huge support that the Mongolian government provides to the company. That is why I realized that this is a swindler, because an honest person, first of all, would not constantly lie to us about non-existent support, but would long ago solve this issue in a variety of ways, including the threat of going to court for huge compensation.
It is a translation of the header from master82' post from Facebook so doesn't really translate comprehensively I know but at least we know that discussions are taking place, GLA
Why can PC continue even after breaking environmental laws and PM can't even though they have spent millions in helping the locals .
I don't understand why PM just doesn't take legal action and look into getting refund back from the government for this situation.
It's like you look for oil with your money and we will confiscate the land once you find it.
What a joke.
Legal action should be taken here for wasting company resources and time. Compensation should be given to PM as this is not really PMs problem that the government can't control the land which they allocated to PM at a cost.
Jimi - not sure I understand your post. Please explain. Thank you
This from your post master82THE REPRESENTATIVES ARE EXPRESSING THEIR OPINIONS Description G. Boldbaatar, representative of the 7th team of Kherlen sum: I would like to remove the discussion about land acquisition of the 20th plot of Petro Matad LLC for special needs of the state
https://fb.watch/g_V9lMUfDk/
Found this on Facebook . Not sure if they are in favour or against PM