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At the risk of being called all sorts of names his meeting did take place today. A translation of one of the topics reads as follows:
"Messages along the trend of oil transmission" was agreed upon by the Government's resolution project to acquire the land for special needs and submitted to the Ministry of Internal Affairs.
I hope this is our project. Keep the faith.
Great news. Thanks for your research.
This is yet another good indication that some are taking the initiative to post factual, meaningful and informative information. Well Done.
Thanks ninesandytoes.
Do you have a link?
Malcy’s blog
As for the further delays to Block XX you couldn’t make it up, each time it is ready to go another obstacle is placed in the road and one wonders if the certification will ever be completed.
It is on that ministry's facebook page. Translation from Mongolian as ever is not precise but it sounds promising.
Thanks nines
Ojay: “C'mon Doc: What type of humility are YOU going to show vis-a-vis the LTH once the LP is issued and the SP reaches double digits? I for one will not engage in those primitive "I knew it" and "take this" type of posts once the SP goes in the other (double digit) direction.
Considering the fact that you are dealing (mostly) with LTHs why do you come forward with this kind of s**t?”
Ojay, are you really that simple? There is a massive difference here… I’m not someone who has been spouting off that the LP was coming “any day now” for the last 6 months. Honestly, you are rising fast up the nonsense poster board.
In full
EMERGENCY OF THE MINISTER
The next urgent meeting of the Minister of Construction and Urban Development was held on /2023.05.22/-. At the beginning of the emergency, the ministry's land departments, affiliated organizations, and project units presented the reports of the work they have done in the past 14 days. Some of the key jobs from the past:
"General development plan for capital Ulaanbaatar city development until 2040" document will be discussed at the Government conference and to submit it to the State Parliament has been intensified.
The working group of the "Reservation of Parts" project met, finalized the 42.6 km long route for the 6 lane motorway and public transport along the Selbe river, conducted aerial photography, field measurement, survey, and received map pictures on M 1:500 scale. Also, hydrometric measurements of 13 crossways of Selbe river are done in 24 hours, samples of river basin and coast speed were taken at 93 locations along the river, and engineers are performing geological research work.
The newly assembled elevator and escalator technical safety certification, 16 official requirements with 128 provisions and 7 evaluations delivered to citizens and companies.
Researching the cleaning technology of countries leading in cleaning facilities and introducing technologies suitable for Mongolia.
Opening the financial proposal for the project "Building Rainbow 1, 2 apartment neighborhoods" and submitted to the Export-Import Bank of Korea to review the evaluation report.
"Messages along the trend of oil transmission" was agreed upon by the Government's resolution project to acquire the land for special needs and submitted to the Ministry of Internal Affairs.
Drafting and preparing the concept of the Parliamentary Resolution on the acquisition of certain lands for state special needs with the purpose of defence security.
The planned works for the project units are being carried out according to the schedule, the unit managers reported.
The jobs presented at the urgent meeting, and the events to be focused on, Minister Ts. Davaasuren gave the following tasks. Including:
✅ Finalizing the "General plan to develop Ulaanbaatar city until 2040", warning that the process of obtaining consulting services is slow and speeding up the processing of the document;
✅ Intensifying work on transferring mortgage loan financing to the government;
✅ Accelerate the cooperation agreement with the European Bank for Reconstruction on the project of renewable energy for the partial engineering infrastructure of Ger district;
✅ Detailed presentation of construction law and housing law projects;
✅ They were ordered to implement the audit reports and recommendations made on the activities of the Standards Fund.
Just had a thought seeing that the Mongolian Ambassador to UK knows who we are that instead of bombarding the UK Ambassador to Mongolia all the time. Maybe someone should email or write to the Mongolian Ambassador to UK maybe someone on here who can speak or write the language explaining that all this shunting of this LP from one ministry to another could seriously damage any possibility that Mongolia has of opening itself up to foreign business. If anyone should understand how important for Mongolia to look as straight forward to doing business in that country it should be him. And he knows us according to MB this morning.
Nothing else is working atm so this might be worth a try.
Google translate version ...
Opinions were gathered on the draft of the government's resolution on the acquisition of the land "along the direction of the oil pipeline" for special use by the state and submitted to the State Government.
So that was short lived optimism absolutely not mention of being handed this batton of oil exploitation. So why the urgency of the meeting i wonder.
My problem is that i can see this department burying this as it is a subject the would know little about. We constructing or modernising anything we are just drilling for a bit of oil. This rather out of their remit imo. With the ministry for mining i could understand it possibly but this department makes no sense might just as well give it to the Ministry for Silly Walks for all those of a certain age.
Surely Mongolian ambassador can read English. No need to translate it in English!
Hmm dunno ,,, the ministry does seem to be the 'go to' for a number of special land licences e.g. one about defence. I've attached the link below for people to make up their own minds
https://www.facebook.com/Barilgiinyam
The question directed at Doc remains unanswered.....
Ojay, this question?
“Considering the fact that you are dealing (mostly) with LTHs why do you come forward with this kind of s**t?”
Firstly, I’d argue many of the posts on here are not from long term holders, WOS being the obvious example.
Secondly, I specifically addressed such “rampers” who have targeted those who have an alternative view that isn’t 100% a positive one.
Thirdly, I didn’t realise all posts had to be for, or taken into account, LTHs only!
My point remains - there have been some posters on here, specifically WOS, iamrich, Hamm (although I can’t take that flip flopper seriously) and sadly in recent times Master82 who have been extremely aggressive to those who dare to question Matad or aren’t “100%, guaranteed, any day now…”.
Have I missed anything?
Well Folks.!!
Now that the dust has settled we are still at 5 and that signals more buys tommorrow. If there are still some not sure there is a good chance to grab this and come onboard . It has shown a lot of resistance to go further down and the medium term prospects are still the same. Nothing has changed apart from a slight delay in getting the certification.
Its really still cheap.
Doc I'm still telling you LP is guaranteed. Slight delay just like last month and SP went crazy after April 3rd update.
Stick to your guns like me not blow with the wind.
I've been here 5 years and it has gone down to 1.70p and i still didn't panic because the main event is when PM pumps oil out.
Go and see satellite view of block 19 and 21 and see how many wells on PC side.
Block 20 has only 1 well with 15 to be drilled . So plenty of income.
I told you 10p is my target and ill be happy
Doc: You know exactly what the question is - and which you choose to evade (@13.39 today). Your behaviour on this BB is a shame. I can only say that I disrespect you.
Good luck with your life!
Its not fake hype. The market knows the potential.
This dept seems to hold a meeting every two weeks. If today's meeting did not include us lets hope its the next one. There will be at least three of these meetings before raptor results and there were at least two special land issues discussed today so this is hopeful.
On another note the activists have been discussing the next Dornod governor. She appears to be a Harvard educated woman who is currently a deputy in the internal affairs ministry. This is where one of today's special pernits was landing which is interesting. Also interesting that someone who has experience of dealing with foreign investment may be going to this province. Fingers crossed.
Ninesandytoes, great info, but are these cabinet meetings ?
From the Urgent meeting yesterday
"Opinions were gathered on the draft of the government's resolution on the acquisition of land along the direction of the oil pipeline for special purpose use by the state and SUBMITTED to the State Govt."
Do not know if this refer to land for Petro Matad but submitted now.
Think very strange when someone say "1000% upside" then SAME person get upset when have few week extension. Do not think will take long with all Ministry submission unchange so just procedure of submission.
Has it been SUBMITTED now. Do someone who think 1000% upside want to miss out on now or do they just want bigvfusd for own sneaky purpose? ;)
RNS yesterday show am on right thinking with Petro Matad / Mongol Govt JV on new block.
Govt get PSC revenue + JV partner revenue.
Petro Matad get Govt backing, Pattnership & access to new oil block with 'New Saudi Arabia' potential.
All this and sneaky people on BB complaining about maybe couple extra week delay BUT maybe no delay from here :)
Buy or not who care but be happy :)
I would rather we wait a few more weeks or couple of months to get this bureaucratic process repeated and have an unassailable LP in place than risk any challenges to it by activists etc at a later date . It’s all new to the MG and it seems there May be more to it too in that I suspect the PSC discussion in IoM were actually more like a MG forming a JV with PM and the relevant ministries on that trip needed to sign docs and also distance themselves from the LP approval in order to be transparent. Just my view .