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The last paragraph appears interesting. https://mongolia.gov.mn/news/view/26672 GLA
Interesting Jimi as that is the cabinet meeting
Thanks Jimi.
I like the 90% Tax credit initiative from Govt.
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 :)
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.
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.
I feel like an expecting father lol
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?
the mother is expecting - you are expectant
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?
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 :)
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
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
Ministers visit finished https://youtu.be/ncScJbZkrYg
660k looks like a buy considering the time.