Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Think the ambassador spoke then 2 weeks ago now when he was told it was being made ready for forwarding on to the cabinet, so hopefully it's made there by now or even signed off today as I think there is a sitting today at parliament, last hurdle folks it's deffo coming very soon
Mr Jimi this is good point & even when we say LP can come any day now because just need signature & this is true but I hope does not come for few week yet.
Why?
Price will build up for Velocirapror just like you say and think now more & more people take early investment position for this.
When LP RNS come will be so big rerate for obvious reason. When we already hold MATD share we do not worry about missing this RNS if it come next week or end of April because rerate will not catch us out
At same time enjoy price rise from start of Velocirapror build up
Happy for this :)
Maybe so BP, But every story has an ending, eventually. WOS I understand what you are saying but having been invested in PM for quite a few year now and seeing how processes can take considerably longer than anticipated in Mongolia and even though the Heron development has been classified as national importance let's hope this process doesn't take much longer than is necessary. But in the meantime my focus is on the V1 spud and how much of a game changer that will be if it's a successful outcome, 200mil barrels. Both that and the LP granting will be phenomenally transformational for the company, the Gov and us shareholders but all depends how much longer we have to wait for this to go through the Cabinet. But yes all looking good :+)) GLA
Mervyn Peake would be proud to think that the Mongolians have taken his iconic work to heart so assiduously.
We cannot know this sir but we know have multiple Cabinet meeting every month.
This does not need Great Kural parliament discussion or vote. Just Cabinet meeting and signature.
No law change require or anything else & now have special Project of National Importance status & with documentation already gone to all relevant Ministeries for Ministers to read before Cabinet meeting.
Look very good I think :)
“ Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area. { In advance of submission} how certain can we be it's been submitted already?
Information I post from Ikon News and was put up 2 hour ago.
Think you have made interpretation of mr Master post incorrectly sir & also this article from 29 March talk about recommendation from standing Commitee to Ministry of Environment. No law change need to happoen to grant LP but just Cabinet signature.
You will see on 3 April Update Special Designation document ready to be submit for this signature
Hope that help sir :)
Hi mmafr
You’ll find WOS is being enthusiastic and linking the background general political push to improve the climate for and encourage further foreign investment in Mongolia with our specific progress towards approval of the Local Access Permit .
All you need to do is judge where we are is re- read the latest RNS which states
“ Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area. The certification is being proposed on the basis that the Heron development is a project of national importance. ”
Note the emphasis on “ project of national importance.”
You don’t draft that in lightly !!!!
Lol, don’t listen to anything UWOS says! He must be getting paid some serious overtime rate for working on a bank holiday.
Hi WOS,
Is this just your opinion or is it written in black and white somewhere? If I interpret Master82's posting correctly (thank you for your great research work, by the way), changes to the law would have to be made urgently in order to grant the LP (“At the end of the meeting, the Chairman of the Standing Committee, B. Saranchimeg, asked the Ministry of the Environment to urgently submit a set of laws to eliminate violations and violations of the legal environment in the environmental sector,...”) . As I see it, your posting is contrary to Master82's posting, and since I think this is the crucial point, I would like to know your view on this.
This from today Parliament session
Like I say before Cabinet reshuffle last Aug for one reason. Focus on BUSINESS & FOREIGN INVESTMENT.
"The afternoon general session of the Parliament has started. At the meeting, the Prime Minister's information was heard on "policies, strategies and measures to intensify cooperation to promote Mongolia abroad".
B. Battsetse, Minister of Fireign Relations, is presenting policies and strategies for promoting Mongolia abroad.
He said "implementation of this policy will create advantages such as attracting foreign investment and expanding the economy"
Special designation LP only need Cabinet signature and not full Govt agreement & all piece now come together with very pro business Cabinet
Happy to hold my MATD share before BIG rerate :)
Not so much adding a 0 to the end as moving the decimal point that would be nice.
Land law was discussed in Parliament on 29/03/23
Just posting snippets of the meeting.
The National Audit Office has heard the audit report on the compliance, effectiveness and land allocation of the Law on Specially Protected Areas.
Also, in the audit, the Ministry of Environment and Tourism, the Management of Specially Protected Areas and its affiliated security administrations, Bogd Khan Mountain Nature Reserve, Gorkhi-Terelj, Khuvsgul Lake Natural Park, Department of Land Management, Geodesy and Cartography, General Department of Taxation, He said that the decisions and activities related to land allocation and land use for the third quarter of 2019-2022 of the Ministry of Minerals and Oil and relevant government agencies were included.
At the end of the meeting, the Chairman of the Standing Committee, B. Saranchimeg, asked the Ministry of the Environment to urgently submit a set of laws to eliminate violations and violations of the legal environment in the environmental sector, and linked it with the audit findings, gave specific tasks in the notes of the Standing Committee, and again discussed the extent of the implementation of the recommendations. from the Media and Public Relations Department of the State Great Khural
Good Friday Old Chap.
Interesting will have to wait until Tuesday.
No Bank Holidays in Mongolia though.
4.175 with a zero next to it: 4.1750
Happy Easter All !
just thought I'd post a link to our CEO's last interview
https://www.youtube.com/watch?v=IRGBKy5v85k
if you've got some time on your hands and you haven't seen it it's worth a look. when you think about the potential our company has its frightening i certainly wouldn't want to be out over the weekend
guys have a great easter and see you all tuesday morning sharp lol
LP landing next week all depends if cabinet deal with it this week, but we can all day as this is the last hurdle and a signature needed now to approve, it can land any day this month, anyone one and even traders best to HOLD this until LP lands atleast as this will multibag, and the. We have velociraptor drill which will attract investors and gamblers, for possibility of even further mega multibags,
Tomorrow will be interesting, but I'm happy to wait for the whole month for the LP to land as I'm going no where until heron produces and the raptor trend discovers big oil
I do believe year end this may have a zero next to the current share price 10 bags
Oh, 4.175p it is then!
I'm sure it's a glitch but a 4.3p close would set me off on the weekend nicely.
0.1 or pence here or there however wont be remembered if and when the Land Permit RNS lands.
Glad I'm in over the weekend.
To all fellow Matadors ....
Enjoy the long weekend and let's hope that we have some great news to come back to next week.
I'm happy that I managed to top up yet again today anyway!
All the best.
Traders can also make very good profit here if they stick around for the Uptrend we about to enter supported by fundamentals and busy newsflow in coming days and weeks.
My first interim price target here would be 25-30p and if Velociraptor-1 comes good then lot higher.
They plan to do a straight follow up Appraisal well on Velociraptor-1 after discovery.
Things will get very busy here with drill activity on both Heron-1 discovery well and Velociraptor-1.
With over $12m cash in bank and future Cash flow ftom Heron, MATD should soon be flushed with cash and NO DEBT.
Cannot ask for any better set up to be honest.
Too many traders and the ones that lose the money here on the market, they will buy and sell once they see a small rise and once that rise stops they sell, these same traders wil be back to push up the share higher once the RNS lands, they are the only losers here but they are welcome as we need them
Very confident for LP sign by Cabinet in April for all reason we discuss BUT glad for sells before this as well.
Always say better get rid of many low price share now & see more buys at higher price. This make SP rise stronger for RNS and all development which come from this
Also price build up which we get just for Velocirapror drill.
Have very good Easter holiday all who celebrate this in United Kingdom :)
We will get there one day Ojay!