Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Doz, thanks.
Hope we get some explanation from MATD/MB sooner than later.
Their silence is very unprofessional/unacceptable.
Hard to judge if this good or bad news from what I see really ....
Yes we want changes now and ASAP, but things are clearly in motion at least which is a positive.
They are openly working on it and despite local opposition, they have acknowledged that it is causing issues and needs to change.
If the guy doesn't show up then eventually they will just proceed without him as they are actually moving towards doing so. All depends how soon the reconvene of course.
The markets will see it how they will though, which could be no change, or it could be bad.
If this is the last hurdle to the LP then at least things are in motion.
Hamm, that's how I have read it and thought - if this revised bill is passed by the law maker/legislator does that mean Matad get the go ahead. As I have mentioned i'm still p*ssed off with the silence of Matad and Buck.
For some reason I have been able to view again tonight the eco activists FB page and she is really getting stuck into Petro China and from what I have read she is really having a go at the Dornod governor ref dodgy dealings with PC. Is he the reason why LP has been delayed ???
I am a bit puzzled, who was discussing the draft then?
Would MATD be clear to go ahead if the bill pass?
The draft of the law was discussed in parliament but legislators weren't present to pass it! What?
Mongolian MPs has learned a bad habit from MB! They must be in Singapore zooming too!
Share price will likely tank after this latest delay, and no doubt MB will now have to be honest about the land permit issue via rns, amazed this is still above 1p tbh given the circumstances this could drag on for years
I was wrong - it's not like Gormenghast, it's ten times worse!
Last part of the twitter post
Fourth. In the revised draft of the Law on Land Payments, not only the payment of land payment is collected in the budget, but also the relationships related to discounting, planning, reporting and monitoring are defined, and the payment base is expanded by fully registering the payer in the database, improving payment collection and avoiding payment. regulations on stopping and using electronic information systems.
Fifth. Regarding the initial draft law on land acquisition based on the imperative needs of the society, in line with the state's phased implementation of large-scale infrastructure and development projects and programs at the national and regional level in order to accelerate and support the social and economic development of the country, it is necessary for the society. There is a need to release the land of private property ownership and use in accordance with the realized interests. Therefore, the grounds for land acquisition have been clarified, land acquisition is only based on the grounds provided by law, and compensation has been provided to land owners and persons entitled to land, as well as regulations that have clarified the rights and obligations of government organizations and persons and legal entities involved in land acquisition.
During this time, disputes between the members of the parliament at the land, province and sumad level about the border menu and pastures are rampant, and the citizens are suffering among them. Therefore, while directing the law to eliminate the main problems, it was criticized that the problems of the management level were covered more.
An earlier post pre postponement
Ulaanbaatar /MONCAME/. At today's session of the Parliament session, the draft of the revision of the General Land Law submitted by the government and the bills submitted together with it are being discussed.
One. Regarding the revision project of the General Land Law, providing integrated management and organization of the sector's activities, creating a system for planning, registering, using, protecting, rehabilitating and monitoring land, increasing and strengthening the conditions for economic circulation, state-owned land Aiming to fully meet the requirements for optimal, correct and fast resolution of tasks such as improving the use and protection, ensuring inter-sectoral coordination through integrated land planning and registration, aligning land rights with the regulation of fundamental rights of the civil law, organizing public services transparently and quickly through electronic systems developed.
2. Regarding the revised draft of the law on land ownership to citizens of Mongolia, the principles to be followed by the state in land ownership, the issuance, registration, and control of land ownership rights, the use of citizen-owned land by others, the transfer of such rights to citizens and legal entities with other land rights, the land-owning citizen Regulations such as the right to limit rights and the confirmation of civil land ownership rights have been revised in line with the concept of the General Land Law.
3. In the revised draft of the Law on Cadastre, the multi-purpose cadastral registration, comprehensive services and activities for its management are legislated, the land surface, land, its subfields and objects are registered in the national register regardless of the type of rights, cadastral mapping work, cadastral database legal regulations for creating a unified land assessment, payment, and tax system.
This is a Google translation from twitter page Monsame.mn
Ulaanbaatar /MONCAME/. It has been decided that it is appropriate to postpone the discussion of the draft revision of the General Land Law and the accompanying bills from today's session of the Parliament session.
Speaker of the Parliament G. Zandanshatar said that the law maker was absent when the draft law was discussed at the assembly session, so the above decision was made within the framework of the law based on the suggestions made by the majority of members.
Members of Parliament H. Ganhuyag and J. Batsuur, this law is the main law after the Constitution. It was believed that the previous law was unable to provide regulation related to land, and while the draft law was introduced, it was not developed to the extent of comprehensively solving the problems related to land arising throughout Mongolia. He pointed out that he believes that the main regulations such as regional development and decentralization have not been fully reflected in the treatment of urban and rural citizens.
He also said that he believed that the discussion among citizens related to the draft law and the suggestions that came out of it were insufficient and few in number. On the other hand, the working group decided to postpone the discussion on the grounds that the legislator did not participate in the meeting despite giving explanations and answering questions.
The broker is pathetic. Called them a couple of times.
If MB/MATD knew the situation and lied, then they are liable.
DOZ, please what is the new law? What would happen if signed?
Thanks again,
No excuse for the lack of communication from MB. There has obviously been an issue with the Land Permit for years. It is still not sorted. The land law was discussed in parliament today and new laws were to be implemented, but the session was postponed as the "legislator" wasn't there to "sign off" what was discussed and agreed.
What it tells me is MB and PM knew of major issues with the land issues and imho have kept investors in the dark. So have they also "hoodwinked" blue chip investors into investing in a placing and not telling them the truth and the broker who would of sorted the placing.
The British Ambassador is still working on issues and is waiting for answers. So if he is aware of issues, surely MB and PM knew about these same issues.
I am heavily invested also and am disgusted by the lack of response and reply to my queries from both PM's Consulting and Communications company and also their brokers. If anybody wants to put pressure on then their details are on the bottom of each RNS.
To "blame" on what?
I don't believe age has anything to do with making questionabe statements - particularly when they come from you -
but I'm sure you will know best.
Have a great day
Hamm I have saved your brilliant post in case if it deleted.
But as you can see some fools here will not be able to understand and appreciate your efforts to bring them the truth. They will continue to believe blindly to such an outright liar and crook. So, do not pay them any attention.
Atb.
Ojay, you aren't to blame. It is just your age. The grey cells are the culprit.
Just hope you don't need to go back to work when/ if God forbid/ heaven forfend MATD goes down!
Have a lovely day,
Hamm: Your posts are just too long - try to summarize what it is you want to convey in 5 lines max. People are getting bored.
P.S. Advance talking! farm out! Must have been his catch words.
God this man is a real cheat.
Now delete the posts again.
MB killed the share price from 9p to 3.5 placing! So He isn't worried about the share price.
Why was he too rush to raise money if he wasn't sure about LP?
If he made a mistake thinking he could get the LP fast, then he doesn't have a good judgement, then he can't get the job done as he hasn't. The other point is that why MATD didn't start drilling with the most likely well to have oil rather than the wild cat? Another point is that if /when MATD found out that get LP would take longer than expected why didn't invest the cash with %20 interest? That is the interest they were supposed to give if MATD needed to borrow money.
MATD hasn't done anything in the last 3 years why they didn't freeze their salaries? In fact they raised their pay!
Why Matd hasn't been present on any if oil/mining exhibition is a big question. Why do you think guys this cheat man MB is a good CEO? Didn't he say the equipment was on the way? What happened? How difficult is for this cheat to be honest and clear with shareholders who gave their hard earned money to this company?
He is absolutely a liar. No doubt about that.
The question is why doesn't MB want to he a success? Not that he doesn't want to be successful but he is not capable that is why he is simply cheating or why is he hiding? Where is this basd hiding?
Why doesn't he come and tell us the truth?
He needs to explain to us why he made a mistake to say the least! and when he is going to get lost.
3 years waiting for what? Come on man! If he isn't in fault and he isn't to blame he should speak up or he is simply guilty and they are plotting behind us to get our money and run away.
Hi, Hamm,
Look, isn't MB dancing while everyone is waiting for some news from him? Or perhaps learning a new profession?
At least he's better at dancing than working as a CEO :-)).
https://www.youtube.com/watch?v=vCDUFRzf4DU
If any positive news comes that it will be next year now. I'd be amazed if otherwise.
We are all hoping that it is just a case of the GoM ... or most likely the local GoM there playing hard ball with the LP, but as Ojay said, we have no idea because PM don't tell us anything.
If there was equipment en route then I wonder what the hell has happened to it?
Are PM just leaking money storing all that somewhere whilst hoping the LP will issued soon?
We can only keep the faith until we know differently. Like many on here I am heavily invested and have been for a while.
I personally don't believe that MB is pulling the wool over our eyes though, I think he's no doubt doing everything he can to try and get this sorted. Why wouldn't he want to do so as it would make him very wealthy well at the end of day?
I think MB and PM in general may be worried that an RNS just stating that "negotiations are still ongoing? would have a negative impact on the SP and push it down further. The only silver lining is I thought it may have gone lower than what it is right now. People are still buying as well as we saw with the 2 blue days last week.
Totally agree that all the waiting and not knowing is truly horrendous though.
GLA ... I hope we are all one day rewarded for what we have put up with here.
I am and have been a firm believer of the "causa PM".
However, in the absence of any communication on behalf of PM for the last xx months) it makes it hard to believe that PM is going for glory. I consider no news for such a long time to be bad news. I truly hope that things are developing differently - but I admit it's begun to be hard to believe.
ATB
Posts deleted! Wow
Silence from MB/ MATD means no good news!
Equipment?
LP?
Bluechip guys?
RNS to explain the situation ?
What a liar and Bsrd is the MB!
'a few buys' you need some help mr!
PM is now simply a vehicle for rewarding it's BoD to do absolutely NOTHING!
(post here in the last two days descended into farce - which was very appropriate)
there are still quite a few buyers for a share of a company that is allegedly going down the tubes. I guess there will be plenty of "would like to be" investors kicking their asses once the SP regains the 5p, 10p + levels. I for one will not be one of them.
ATB
Bad prophet,maybe when the share price was £1.40 but not at 1.8 pence