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Seems quiet compared to the start of the week regarding trades looking like we need news to take this higher
Although more posts than trades today it really should be the other way round
Hopefully news drops tomorrow or fomo kicks in to get the price moving
JJ, absolutely right. Without news to confirm LP this will keep sliding...
And with it the opprtunity to top up. We are all pretty sure whats coming and the potential.
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Erdeneburen HPP infrastructure construction work is ongoing
The President of Mongolia worked in Erdeneburen sum of Khovd province together with Khurelsukh of Ukhnaa.
The President of Mongolia, U. Khurelsukh, met with the citizens of Sumy and gave brief information about the current social and economic situation of the country, major projects and programs, including the policies and objectives of the government in the field of domestic energy supply. Worked at the project site.
Energy recovery is one of the six recovery measures of the "New Recovery Policy" implemented by the Government of Mongolia. The Erdeneburen hydropower plant with a capacity of 90MW is one of the many important projects planned to achieve the above target.
In this regard, the President of Mongolia, U. Khurelsukh, noted that scientists have determined that the Erdeneburen hydroelectric power plant will not have any negative effects on the ecology of the Sum, and expressed his gratitude to the citizens who support the goal of meeting their needs with low-cost domestic energy.
Today, the western region supplies most of its total energy consumption with imported energy, which is 6-8 times more expensive than domestic energy. The fact that production and services are not increasing enough in the western provinces is directly related to the lack of energy.
Experts estimate that more than 1,000 temporary jobs will be created during the construction of the hydroelectric power plant, and more than 100 permanent jobs will be created after it is put into operation. In addition, irrigated agriculture and nature tourism will develop, and this will have many positive effects on the lives of local residents and citizens.
The Erdeneburen hydropower plant will have a capacity of 90 MW and will produce 360 million kWh of energy per year. When it is put into operation, it will be possible to fully supply the western region with energy, as well as to support the energy system of the central region.
I still struggle to believe that MB is going to start exploring Velociraptor before securing the LP for Herron. I am sure he is well aware of this and trying to push for it but worried he might get someones back up being just the CEO of a very small oil company. He had the clout of PC with the Chinese government behind i reckon we would be drilling by now.
The danger is this very soon going to become a binary decision in or out before raptors have reached TD because without the LP all we are is another little oil exploring company. With the LP we are a whole different animal and if the Raptor came in at the same time then we would be in a whole different league.
Secret do not get sucked in too far. If you can avoid that this will come through very nicely (in time) if you have been then you will be out or largely out much sooner than you would want.
Personally i do not think we explore the Raptor before the LP has arrived it could be corporate suicide. Very much a roll the roulette wheel and hope it turns up black.
Great post ibiza28, couldn’t agree more.
Ibiza - I've always thought it very cheeky for MATD to be digging around for oil for years, find some and then not be given the LP to make some money. But then the MG offers them up some more land to dig around in and find more oil for them!!!
A good point but PM have been between a rock and a hard place for quite a while. Mike Buck I imagine did not feel comfortable (or at least I hope he didn't) talking about winterized rigs and the possibility of drilling raptor early. In my view he did this to prop up the share price until he got the placing away. You have to remember there is a time limit on the block which has already been extended once. In my view it would have been worse to do nothing at all and relinquish the block. Especially if someone else came along later and found big oil. It is still only around 2 out of the 12million in the bank.
Maybe you right mr Ninettoes but one thing is sure mr Mike Buck cannot misquote Mining Minister.
This is in public domain and if Mining Minister dud not say he will sort it out then mr Buck will be in trouble.
Look like Mr J Ganbataar give last chance to local in Feb then push ahead without them which latest RNS say on 4 Feb
Remember Mining Ministry take over from MRPAM to push this now so Mining Minister take direct control & why his word given and now to Cabinet to sign.
When you look at pieces tell me in clear way will get LP VERY soon and before Velocirapror.
Mr aster was right in this & why always say am more comfortable & happy to hold then be without MATD share whatever price do every day :)
latest RNS 4 April I mean
I also believe it is on the way but I don't want to wait for it and delay the raptor drill. I think this would be a mistake. Any delay or failure to carry out an agreed plan of action reflects poorly. It will be an exciting few weeks.