Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Mr Positive
I was VERY excited when I read about RENEWABLE sir & understand how can multiply mkt cap of company even more.
National Renewable Energy Center estimate Mongol renewable energy potential is 2.6 TW. This is massive sir.
Maybe Isle of Man meeting has something to do with this because just before subject is discuss with China just after but do not know.
Know that MPRAM member do not fly out to Isel of Man personally with mr Mike Buck for something small.
When we talk if all piece -
- REVENUE
-GROWTH
-DIVERSIFICATION
- EXPLORATION
- MARKET DEMAND & LOGISTIC
- GOVT SUPPORT
- GLOBAL ENVIRONMENT
- NEAR TERM NEWSFLOW
MATD have EVERYTHING :)
Until PM make the transition from exploration to production there is no cash flow once that happens we can all get excited about other projects LP and workover needs to get moving asap
Ojay.
Have to be honest, i did not pay much attention to the Renewable Energy Upside few months ago. But now i have a totally different view, coz profits from Renewables can be massive.
Govt wants all 3 for their Economic expansion:
Oil / Gas / Renewables
Lot of Foreign & Govt money ready to come into thisxsector sir. Remember not only about Mongol energy use but export need for foreign company
See Foreign Affair Minister visit to Beijing last week & China will look to support Wind/Solar project in Mongolia which have one if the world greatest potential for this & right next door to China (export to China also mention by mr Mike Buck).
Few month back Int Development Bank representative visit MONGOLIA andctal about grant fund for renewable sector
Did say this would be MASSIVE and keep mention how mr Mike Buck will build major multi factor ENERGY company (not just Oil).
All pieces coming together & why I keep add stock to my holding now.
All clear for those who have done research & put piece together :)
My only concern with Renewables was how any meaningful capacity would be paid for by Petro Matad.
I'd assumed, rightly or wrongly, that it would come on stream after Heron oil sale revenues which could be used to secure borrowing and fund ongoing development but if the financial incentives are sufficient perhaps they can simply crack on with the Green schemes?
A lot going on for sure.
Some cracking RNSs may land in the coming months?
the mother is expecting - you are expectant
Mr. Positive: I recall some posts on this BB - maybe 6 or more months ago - were making fun of the notion that PM intend to engage in renewable energy. I have the feeling that this has shifted somewhat since then. What do you say?
I feel like an expecting father lol
So for every £100 you spend, you get £90 back
As Tax Credit
90% Tax credit for first 3 years
50% Tax credit for next 3 years
That is a HUGE incentive to get Renewable Energy off the ground. Profits would be on Top when you sell all the Electricity to the Grid / businesses.
MATD taking lead position on Renewables and very good product mix.
Oil production & Renewable Energy.
English become "primary foreign language in Mongolia's new Education Bill". This today
They say this base on English language of Int commerce
Anyone see pieces come together with Cabinet lead :)
Source: Mongolia Weekly post today
"A new generation of Western educated leaders is reshaping Mongolia's politics and economy with Harvard alumni at the forefront"
"The driving force behind this trend is Prime Minister Oyun-Erdene who also studied at Harvard. He has surrounded himself with fellow Harvard alumni, most of whom he studied with at Harvard"
Say before thing change in big way & see this with pro business Cabinet reshuffle last Aug. This when Mining Minister mr J Ganbataar get job who use to be Economist.
Govt Cabinet understand importance to economy if foreign investor & this is environment which Petro Matad now build into large diverse billion mkt cap Energy Company.
Happy to have chance to pick up share sub 6p :)
Its been over a month. News cant be far off.
This meeting looks interesting as its got mining resources on the agenda.
Rest of the meetings have been about elections, loans, and education.
Mr. Positive: "Who in their right mind would even think of being out of this one with RNS coming any day missing out on around 100-150% quick upside?"
Beats me - but it looks like there are plenty of those around today - let's see how long it takes until their "ammunition" is depleted.
Good link mr Jim and confirm what I say CABINET MEETING TODAY and not "everyone busy at Coronation" crazy BB logic lol
More important can see all push to help foreign investor & work with them in all area.
31 Tooic cover in Cabinet today so will hope Special Certifucation document did get sign & RNS to confirm.
Happy to see all development in Q2 :)
Good link mr Jim and confirm what I say CABINET MEETING TODAY and not "everyone busy at Coronation" crazy BB logic lol
More important can see all push to help foreign investor & work with them in all area.
31 Tooic cover in Cabinet today so will hope Special Certifucation document did get sign & RNS to confirm.
Happy to see all development in Q2 :)
Thanks Jimi.
I like the 90% Tax credit initiative from Govt.
Interesting Jimi as that is the cabinet meeting
The last paragraph appears interesting. https://mongolia.gov.mn/news/view/26672 GLA
That’s exactly it, Vikinglass.
Photos get taken at significant events not everyday events
:-D
AGREE :)
I think everyone has agreed that it is a positive development.
Whatever views people have, I think it was a very positive sign to see Mr Buck attending something in person and with some very interesting attendees.
I wonder why they had the photo taken, hmm, to me it looks like something of importance :)
Ibiza
Cabinet is still in Mongolia. Only MRPAM and MMHI officials were at MATD office in IOM.
All paperwork had already been distributed to all ministries involved.
Still very intriguing what were MRPAM and MMHI discussing at the table with the Registrar present?
1) Registration / incorporation of New JV company
2) Transfer of shares to New Buyer
3) signing of and registering interest of New Block
Very interesting and significant developments going on in the background by the looks.
Show how IMPORTANT meeting must be if they fly in person and not Zoom!!
This is VERY important like people say