Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In meetings facilitated by the Company, all the herders have agreed to be compensated. Under the legislation, the compensation payments should be made from the State budget but recognizing that this could be a very slow process, the Company offered and the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) accepted that Petro Matad would make these payments. The money has been paid into the appropriate MRPAM account and is awaiting transfer to Dornod Province once the Ministry of Finance gives approval for this to go ahead. The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon.
The remaining steps in the regulatory process involving issuance of the special permit to MMHI and the signing of the Land Contract between the Matad District and the Company have been agreed to go ahead once the Tripartite Agreement is signed off by the Provincial Governor.
Wos want you want is irrelevant
You want the same everyday and never get it.
Cash raise always comes before cash runs out
Today rns and you see market reaction
Go stopping or still not able to sell as much as you need ?
Be happy. Go away till next. If you do i will as well
I want to see UPTREND now for reasons in post from today 06:19.
Price going up daily / weekly for big overall rise as clever investor start to take position for company making RNS / rapid full field development / Production / Revenue
This is what INVESTOR want to see & today RNS set this going now 🦉
Very good RNS update, all positive and only patience is required, Merry Xmas & Happy New year to all genuine investors.
Cash until "at east July 2024" - believe that it not. If no stay out of investment until you satisfy lol
Be happy in meantime 🦉
Researchandhold said // BP is like a stain on humanity//
...and the BoD foregoing some of their salaries.
Researchandhold said // BP is like a stain on humanity//
Did he forget to mention the upcoming cash raise?
Market FORWARD LOOKING
Investors will start to take position knowing only need money transfer. Also check statement on local agreement.
As investor I look for this and start if UPTREND.
Good enough & more to come 🦉
Prof: “and SP up less than people expect imho.”
Hope I’m wrong but I don’t see much of a move today, certainly not back to 3.7p. Market will look at this in a cold way, which is that we are still waiting.
All looks positive to me stop yakking on about the negatives. :-)
More like we’re a Yaks whisper away from the rubber stamp. Lol
Sounds likewe are a goats whisker away from the news we all want.
No doubt “ The Stain” will moan about “.. still not having the final signature..”
Oh what it must be like to live in such a depressive miserable psychological state every day !!!
Merry Christmas Stain
( Adopt a spirit of good will and cut the Bah Humbug stance for once !)
Renewables project wooly and vague again surely he could put a bit more meat on the bones as far as that is concerned .
I hope soon this time does really mean days or a couple of weeks and not months and years . Fingers crossed we get this over the line SOON !;
WoS sell . your shares so you can shop.
Will be a nice trading day today as volume will be better and SP up less than people expect imho.
Surely we should be notified of the payment amount to pay off the herders
- Focus is on final signature RNS - Money for 10 herder family compensation is in bank and ready to transfer which company expect "SOON"
- New Blocks - I did post info on new blocks for tender with good seismic already available / next to known assets (some bigger then Quatar). Company will look for foreign JV using in country experience and have own production revenue in place.
Remember Petrovis will want ROI for capital / time of investment. Follow the big money as IMVESTOR because it is investor time coming now.
I already have arrange shopping with Mrs WOS so cannot see what happen while out BUT start of UPTREND now (check 06:19 post)
Be Happy 🦉
Not a lot. A few thousands each. Easily sorted and without pain.
"The company hosted the Matad District Citizens Representatives Committee on a visit. The trip was very successful. The Committe thanked the company, declared their SUPPORT for the company development activities in Matad and AGREEED TERMS OF COOOERATION AGREEMENT"
For ones who said my Tweet re-post Friday was useless!
🦉
Excellent RNS update . So close you can almost smell the oil . Just get that rubber stamp out of the cupboard and BANG we’re on . Plus we’ve repaired and ae developing better relations with the locals , paving the way to being seen as the “go to out fit” for anything oil or renewable energy related in Mongolia ( aside from the cavalier Chinese that is)
Merry Christmas and Happy New Drilling season !!!
Sorry, try again.
Totally with you Doc. Winning the options on the new blocks is key.
They have to start pumping revenue from Heron to then easily scale up. Borrowings against income to funds well roll outs and protecting sh against dilution through fund raising.
It will all work and we should see a good uplift now.
Does anyone know how much compensation we have to pay?
I know what beaurocracy can be like in these parts of the world and tend to be quite pleased with that RNS.
Totally with you Doc.
Winning the options is key for the new locks.
The pessimistic view is that the corrupt provincial governor is clearly still blocking/slowing things up, and that he could find another problem down the line to continue to stop us. Oh, and we’ve had to pay more money.
The optimistic view is that things do seem to be progressing slowly and we should be ready to go once winter is over.
Manx - I’m not sure winning new contracts is good at this stage. MB loves to drill as they say, but it will also require cash! I’d like us to get Heron sorted once and for all before any further drilling whatsoever.