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Btw
This subject have been in Mongolia news for weeks now (i mention before when people think it about Block XX).
Petition is petition - Law is law!
Mr Aeschylus
You try hard but maybe you are not aware of new laws which put into prison anyone who try to stop Govt decision?
When you have Cabinet decision which is under Project of National Importance you understand blocking this is treason yes?
Think you jump up & down to make lot of noise for own benefit maybe?
Try to research and actually understand law & political developments over even last few months 🦉
It says ban USE as well as OWNERSHIP and it does not differentiate between old and new.
Clearly foreign (or perceived foreign) companies are not popular.
I believe the Dornod governor will continue to try to postpone the matter and use any evidence of voter concern as ground for delay.
So the topic is on point.
Disinformation (maybe deliberate / maybe not) is powerful tool when you have BB where lot of people are not well research - for example like we see We'd where poster tall about New Block development this year even without Exploitation Licence 🙄
When you follow Mongolian news every day very easy to understand - most here do not do misleaders have easy work
Be Wise & do OWN research 🦉
Its clearly for new blocks. Even 10 years is good enough for any exploration companies. They can keep extending like PC has been doing for the past 30+ years.
Fair play to the locals. They don't want to be dealing with bad companies for 100y .
Mr Aeschylus
You need to research better sir - you are mixing up different issue.
I did post about this before with wording of investment proposal and increase of 60 year to 100 year with other modification.
NOTHING to do with Petro Matad and opetations.
Do but more than eearchbtgen come back to BB sir 😏
🦉
Hamm - you really shouldn't be making statements such as ' no risk at this point ' - particularly with AIM stocks. The fact is that there is no such thing as ' no risk ' with any kind of stock market dealings - and it's unbelievably foolish to be labelling a company which has existed since 2007 but has never had any revenue as ' no risk ' 4 or 5 years after it obtained the exploration licence, but has never been able to achive local consent.
I hold quite a lot of MATD shares, and I'm hoping for good news soon - but you wont see me posting ' get in their guys, this is an amazing opportunity, ' or ' this is no risk - a once in a lifetime opportunity guys, ' or similar comments every day on here. Your unsubtle and tedious ramping is not going to influence the share price anyway, in case you hadn't realised this....
Thr petition has 55,000 signatures and 100 have signed since I last posted.
Masters . How do you know it won't affect PM? We know the Dornod political administration are against us. There is an election looming and politicians will be trying to win votes on popular topics. There is no evidence that the Dornod administration has signed anything.
So yes I am and remain concerned.
The petition has gained 20000 signatures in 13 hours.
Do not worry as it will not affect PM.
Not good pre an election period. Current votes in favour 54k since being set up on 22.01.24. Let us hope that all paperwork has been signed.
TERMINATION OF USE AND OWNERSHIP OF LAND BY FOREIGN CITIZENS FOR 100 YEARS
Application
The use and possession of foreign nationals in the territory of Mongolia for the first time for 60 years, and for a total of 100 years with an extension of 40 years, is contrary to national security, so we are demanding changes to the relevant laws.
Number of signatories 54,375
https://petition.parliament.mn/Detail?id=4b6ef5d2-0582-4a79-9906-3376ea53d42b&fbclid=IwAR2P3NigCPcF6umgpCLgNEn3-6Wg0N9zkNqVFJ4tcnqxSl4-FJ8px7onSOc
If MATD is that bad then why are here?
What is your motives?
If LP wouldn't be signed why did they accept the compensation and money transfer?
You surely know that LP is coming and massive rerate will follow!
Guys, MATD will be the best shares of your portfolio in 2024.
Aeshylus, i don't believe its a vote ref foreigners owning land, (ie for exploration etc) but its the period in the clause that states its for 100 years, activists are totally against the length of time. Either way Petro Matad aren't foreigners.
In a few days when RNS drops.the nayers will kick themselves.
They certainly have altar motives here.
Sentiment will change fast when we get land access permit.
This is certainly a matter of short time.
The upside is massive guys.
Every day is closer to RNS and we know this News is not small need but will be Transformational for company.
Also longer we wait more chance to include other important News - we see how mr Mike Buck like to put lot of news development in single MEGA RNS.
Even though I think cash transfer already happen and just wait for final document am glad this take us CLOSER TO DRILLING SEASON START.
At moment we have good price support with buying in any dip around this level. RNS should see straight RE-RATE and stronger price build up.
Not interested in all other Aim share gamble that people cry about when they get wipe out - not GAMBLER but INVESTOR.
This why I build up MATD holding & not run around like so many amateur investor / traders lol.
Be WISE & focus on INVESTMENT 🦉
Tjere appears to be a vote on whether to allow foreigners owning land in Mongolia
https://www.facebook.com/100011445393483/posts/pfbid02GSVNbPQHy3JZgxphNhdXUgJ7q9sVUGQYvyq29EM9VKXDjjhdc2xzzu8CxfzyAYt8l/?app=fbl
Come on, own up if you’re one of the four people who have recommended Hamm’s post?
We all this share will be multiple baggers in no times we RNS confirming land access.
Compensation has agreed fund transferred just need Mongolian authorization. That is that
As simple as that. This can happen any day. No risk at this point. Rare chance to have such a share in your portfolio.
Time to add or get in. FOMO.is kicking soon.
Laguele i don't think there was one factual thing in your post? Anyway, I was in Copl too, and expect a much better outcome on this (says small prayer).
I think a few long suffering posters on here who have seen the glacial speed of bureaucracy in Mongolia over the years predicted that since the 19th RNS this would take till February so let’s see if end of next week brings the big one .
Header say all and what I believe situation is!
Share price look stable with good support & RNS will have massive impact on COMPANY DEVELOPMENT / SHAREHOLDER VALUE going forward.
Buy or not no problem!
🦉
Unfortunately for us we don't have the vote in dornod.
Well ... unfortunately for us, Matad are the Guinea Pigs regarding the creation of new processes for eliminating such long waiting periods for agreements to being finalised.
Fortunately for us now though, it looks like we are hopefully near the end of our wait.
Just the signature after the money has been received according to the RNS ( unless I'm wrong? ) and that money must have been received by now surely, so it can't be long .... hopefully.
5 years is a ridiculously long wait though, I agree.
GLA
Thats the reason why no one has taken interest to new blocks.
Problems are mainly in Dorno with this governor.
The sooner he goes the better. I'm sure election is not far off.
Nobody is going to do business in mongolia if it takes over 5 years to get anything signed