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What bit of that long post refers to Petro Matad?
Thanks
Boys and girls we might be in luck.
THE MINISTER OF CONSTRUCTION AND URBAN DEVELOPMENT HAS BEEN URGENT
The minister's regular urgent meeting was held on /06.05.2023/. At the beginning of the meeting, the departments, affiliated organizations and project units of the Ministry presented the information on the work carried out in the past 14 days. The main activities of the past period include:
Nationwide, the operation of tower cranes on 7 buildings without a construction permit certificate was stopped. Also, 50 tower cranes whose construction work was completed were dismantled, and 3 tower cranes, which had been standing for more than 3 years and did not meet technical safety standards, were forcibly dismantled.
Relevant measures were taken for 26 enterprises that were carrying out construction work without permission.
Official negotiations were conducted on the issue of attracting financing for the project "Using renewable energy for partial engineering supply sources of residential areas" submitted to the European Bank for Reconstruction.
As part of the work of discussing the document "General development plan for the development of the capital city of Ulaanbaatar until 2040" at the Cabinet meeting and submitting it to the State Grand Hural, the Minister of Economic Affairs Ts. Davaasuren, the Minister of Social Affairs and the Mayor of Ulaanbaatar City D. Sumyaabazar and officials held a meeting. combined the votes.
The draft of the Government's resolution on acquiring the land "along the direction of the oil pipeline" for special needs of the State was submitted to the Cabinet of Ministers for discussion at the Cabinet meeting.
The "Selbe Revival" project team has finalized the direction of a 6-lane road for cars and public transport, a 42.6 km long road for pedestrians and cyclists along the Selbe River, and carried out aerial photography, field measurements and research on a 500 m wide strip, M 1:500 Prepared a topographic map on a scale, presented it to the relevant ministers and delivered it to the Government.
In addition to the above tasks presented in the quick meeting, Minister Ts. Davasuren gave the following tasks within the framework of some tasks to be implemented. It includes:
✅ Pay particular attention to the finalization of the "General Plan for the Development of Ulaanbaatar City until 2040" and speed up the development of this document;
✅ Create a detailed plan with a time frame for the "Recovery" project and intensify the work;
✅ Finalize the agreement on technical cooperation within the framework of mortgage loan financing;
✅ To stop the activities of enterprises that are carrying out construction work without permission;
✅ In case of violations of labor protection safety in construction sites and in the environment, the labor safety inspectors of the Ministry of Labor and Welfare have been instructed to provide in
Doc, September is bit too far away and your predictions are not worth taking on board like 3p in may we actuall went over 6p instead 😂
Ok best to follow RNS and we await land development to submit to cabinet, no one else here knows really do they apart from assume from the information we have,
"couple of months" 😜 GLA
There maybe a problem with delaying the drill for a couple of as the drilling company's services are required for further drilling for TMK's project following ours. I'm guessing also spud around the 12th if it's successful move straight to V2 then that gives the drilling team time to relocate when done with us and hopefully in that time LP arrives and the Heron workover can begin. GLA
Doc, That is why I said what I said. That is your answer.
I go along with week commencing 12th and would be better all round as it gives that tiny bit longer for the LP to drop before we hit TD if of course it is done by then.
Such pressure on the MG is possible. But only with even stronger pressure on the parasitic BOD of the PM headed by MB. We can do it by stoping any further purchase of PM shares. After all it's us who have made them complete parasites living a luxurious life, despite the fact that the company and therefore they themselves do not earn a single penny in a decades. Parasitism of this management has been going on for five years already and during this time colossal money has been irretrievably lost not by them, but by us investors. And as long as LTH, as well as newcomers ready to invest, do not stop feeding these parasites and start boycotting them, nothing will change. Therefore, a complete stop buying shares is the only way that can force these crooks to start working and make a profit, instead of continue to parasitise at our expense.
So on a more positive note, we are at or around the Spud - long awaited.
So who thinks it’ll be this week w/c5th and who thinks the following w/c 12th.
My monies on w/c12th…….let’s hope we have many pauses in drilling during
Getting to target depth to access areas of interest (oil!)….
Iamrich: “LP chat, I think folks need to be realistic and realise that it will take time…”
And yet those folk who have been saying this might take a long time (I said September) have been shot down in flames by the likes of you!!
Hamm - seriously, you’ve got some nerve. A few of us have been saying the stuff you’ve been saying today and you were mocking them. You’re just a two-faces bipolar mess of a poster on here.
I have a feeling that next week is going to be a very interesting and exciting week. Hopefully it will be good for the share price.
Richard, thanks for your reply. Hope you are right.
Have a lovely evening guys
The only reason to drill to go ahead is because he confident LP will come.
Hamm, new goverment and new process, everything being done by the book, good thing actually, no need to panick dude just load up even more, matd going places this year, matd well know on aim market so expect this to go crazy when that LP lands, not long now, I expect this month, we are 3 weeks in to the re circulation of the documents atleast of not longer, with also goverment cabinet officers probably pushing them to get it done sooner as they've most likely been waiting on it too,
If it was completed by MMHI as stated in the last RNS then I would expect it should take less time now with ministries already know what to do and most likely a copy paste job now
In that case MB should delay the spud for another 2 months to make sure we don't end up with another raising.
Why is it so difficult to understand that if we don't get LP this year we will surely facing another placing. But if we save the money we have we would be safe. Why is it so much rush to go for a 20% spud chance while we have no income? Big mistake.
Someone is having a panic attack. Chill out everything fall in place.
Mongolia needs oil and PM has it . Its a slower process than we all anticipated but they will grant it and I doubt it'll be longer than 2 months.
What if we don't get LP for another year or 2? Wouldn't be better to stop all the drilling to save money till we get LP sorted? Rather than facing another placing? Wouldn't be better MG knows that MATD needs to get LP before any activities? This would put pressure on MG and we may use it as a leverage to get LP faster.
With all respect, I can't believe the argument that MG needs to review the license that they have already given.
MG has already given explotation license. That means from government point of view everything has been checked and it is ok. The next step was local permit which was refused. MG 'decided' to over rule the locals. Why do they need to review the license again? Ministry after ministry! Please explain. I must be missing sth. Why is it a problem to give MATD a temporary license? If it is supposed to be reviewed only? Unless it would be the possibility to be refused! MATD is missing valuable time considering Mongolia weather situation.
LP chat, I think folks need to be realistic and realise that it will take time and not except it within weeks as the process was restarted by the land development, what we can say is that it was restarted and should take less time this time round and we wer most likely in a week or two before we were told via RNS
So would think maybe end of June for LP and does it really matter if V1 is spudded before then, nope just an extra bonus if it comes through
And hopefully LP should land way before results
Patience people it's all happening and no one's out to get you, business can be messy sometimes but no one's doing anything to specifically con you,
Buck is not the terminator and just a normal guy who's trying to run a aim company ina difficult part of the world and can say he has alot more patience then all of us on here
And especially if we hit at Velociraptor then watch.
Yes, MB will get more shares upon first oil from Heron
The grant of options i believe was to the staff not MB that i am telling you will come later then you can moan.
What has been done in the last 4 years to be entitled for freebies? One thing, only one important job needed to be done , LP.
Hasn't got yet. It could have been T&C to get incentive shares and that should have been when LP secured. Till then I call it freebies. Please don't say lots have been done behind the scene! No need lots , just 1job for now and that is scouring LP.
However granting incentive shares could be a good sign that MB is confident and very sure he is getting LP in a week or 2.
// I think that 4.80 was a really good share price and I'm hoping it means no future placing below this.//
Really? I was thinking if V1 is a duster 2.5p (again) might be a big ask!
"freebies to staff" - I'm happy that they are rewarding the employees, it looks like there are less staff, either laid off or resigned, they were on less pay for a while so it's understandable that they need to be valued and motivated, they are probably picking up more workload too. I think that 4.80 was a really good share price and I'm hoping it means no future placing below this.
Lets get that mother of all RNS's soon 🥳