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We’ll have news soon enough, looks increasingly likely drill will be in late May or June given we are biting at heels of April now.
If it’s like most Oilers this should see a rise to 6-9p…….maybe more.
So even though not holy grail LP, a rise is still on cards and fully funded.
//looks increasingly likely drill will be in late May or June given we are biting at heels of April now.//
Pure supposition. We'll be biting at the heels of next winter before you know it!
BP - drills the one thing they have permission for and funds……only thing can let it down is drill provider…..so more likely than not I’d say, although could be delayed yet I agree…..let’s hope not
For anyone interested there's a video on protesters FB page showing someone raising the Mongolian flag at PCs block 19. GLA
Post from the mining minister.
Today, on March 24, 2023, the regular state conference of our #geological_sector has started.
??????
We have started with the expectation that many good ideas will come out of the consultation that we are organizing to ensure the multifaceted participation of geologists, industry experts, citizens, and representatives of civil society organizations, to gather their thoughts and opinions for the development of the industry, and discuss solutions.
In recent years, the effort to provide the country with reliable mineral resources in the long term has been declining due to lack of attention to mineral exploration and insufficient opportunities for exploration.
??We started issuing special exploration permits from the end of #2022, and in the future, our ministry is working carefully to conduct mineral exploration and research with international #advanced_technologies and methods on a large scale and with high quality.
As a result, I am sure that with the hard work and intellectual work of our geologists, many deposits of the size of Oyu Tolgoi, Erdenet and Tavan Tolgoi will be discovered.
??????
We wish the participants of the state consultation and the entire geological sector good luck!
Sounds like they want positive outcomes for all
More talk but "WHERE'S THE BEEF"!
More talk but "WHERE'S THE BEEF"!
Monday cattle market
They certainly have no problem with exploration!
I wonder if we should expect LP from the locals, parliament or the government?
We have already had new prime minister, new parliament new etc etc!
Time for bbblllloooddddyyy action now!
LP must surely be here next week.... yes yes I've been saying that for about 5 weeks now but come on SURELY NEXT WEEK!
I reckon it wouldn't be smart start drilling without/before securing LP!
Has anyone tried emailing the company about progress rather than news. I doubt it would reveal anything but at least MB might get an idea as to how serious it is getting at this end. Everytime it is next quarter then that quarter runs out and it moves to the next quarter. This seems to have been going on since the expoitation license was granted god knows how long ago now and do all our tentative agreements still stand up. And what is companies view on exploring Velociraptor while this is still undecided. My view is we should hold back on Raptor exploration till this is concluded. If god forbid Raptor comes up empty and we still do not have LP the SP would tank and that would not be good all round not to mention the one possible weapon we have, we have just fired wildly and missed. This should be our pressure point.
Buck must know we pi's are desperate for news...its over due and the silence is not helping so he had better give us something to chew on pretty soon!
Central government has made it clear and has now left it with local government to issue the LP I think they did explain that its way easier and quicker if local government issues it,
We all saw that last year's meeting where they didn't issue the permit was opened up for discussionagain assuming it was a vote to issue,
Again local government don't have a choice now or they risk losing all businesses for the country
Patience people like I said latest early April for LP, the administration side of these guys is very slow,I think buck knows exactly where we are and most likely holding back on velociraptor drilling news
Reckon all news lands at the same time,
6 month ago MG said/ promised MB that they would issue special permit!
Now they saying sth else! Why MG should have any right to issue any exploration license if we can't get explotation license?
That is contradictory. Cheating is the truth of the matter.
Hamm,
News could land next week, you don't have a clue on what is actually happening in the back ground,
Also the local meetings have taken place to discuss and vote on this, I believe news in the next week or so
If you sold then be ready to lose out on this rise if this LP all of a sudden lands
The timings for getting a permit is about to right it's taken 6 months since the government promised, everywhere it's take about 6 months and we are now here
So all looking towards an issue of LP first week of April tops
LOL Funny how people sell just before RNSs. Not just single one but all will find out very soon.
Mr Rich you will be happy soon & other holder. Watch :)
Rich, I thought you said it isn't MG concerns! Therefore MG can't promise anything.
No I haven't sold any shares. If I do the price would tank! I have more shares than any body here.
Certainly much more than MB. I will add when we get LP. But it would be daft if drilling starts without LP granted and stupid if MB doesn't change his tactics. I agree with you that nobody knows what is going on and you don't know either.
The question is if MB knows? that matters!
Hamm I don't think you have alot of share here trust me I have way more then you, stop this nonsense talk of owning so much that you will tank the share market get lost man,
You have been a serial derampers and tamper as and when it suits your trade
But don't go and bad mouth the CEO just like that mate you sold that's you now don't bring people down for your own gains
Hamm,
I'm glad that you've returned to your previous sound position, both regarding the MG and this chatterbox and idler CEO. Who doesn't care what he will spend our money on and is ready to continue his new risky drillings and leaving PM as an search company instead of making an oil producer, taking the business to a much higher level. Therefore only by increasing the pressure on the MG, this inappropriate CEO and all other organisations, including the British Embassy in Ulaan Baatar and even the Mongolian Embassy in London, we can get the LP.
Rich, I don't need to prove how many shares I have. It irreverent. I was just replying to your comments.
You don't need to be rude. But certainly you don't have shares more than MB. That would be the reference without telling you my exact number of shares. Please don't be rude. You don't need to. I am a true inventor and been here before you. I have been active in Mongolia Bloomberg TV , face book, Twitter etc etc wherever I could I did my best to support MATD/MB.
I haven't sold any shares yet. I am still hopefully to get LP but anxious as well. I don't agree/support if MB/MATD starts drilling before H1 LP secured. How difficult is to understand that?
Can understand the frustration. Hang in there.
In my view, Central Govt has probably made it clear to Local Govt to get LP done ASAP and get a move on or we will.
Steady on chaps , it was only last Friday they had that local meeting to discuss the previous refusal yet this time have had the Central Government dictate to grant it or we'll overide you.
They're still probably using typewriters that run on Yak speed so more likely it'll coome next week.
iamrich - so early April is your expectation? So within the next two weeks. I'll eat a big slice of humble pie and also buy you a beer if that happens.
Interesting that other posters who shot me down are now also getting a bit concerned. Something just smells a bit fishy, the constant delays are incredible. Months just pass by with no real news. I mean, what is MB doing other than perhaps sending email chasers to the MG?!
I also do not understand why central government are giving the local government any choice at all...why another meeting? Just override them. To say to them "you've got another chance to say yes, and if you don't, we'll override you anyway" seems strange.
I have emailed Investor Relations again and also copied in the broker. Perhaps a few others could do the same. I am pro PM and have been invested for 9 years and am very frustrated again at the lack of communication of MB and PM. Yes ref the LP I know and agree MG are slow and also laws and procedures are being put into place at the moment to speed up the processes moving forward, but what I cannot accept is the silence of Buck. An update of where we are with the LP would be good. It has been 6 weeks now since the operational update and the main gripe I have is within that 6 weeks he has not been able to get a date off the Canadian Drilling company to spud Block V. What the hell has he been doing regards this. We will be in Q2 a week Monday, and still bloody silence from him. My personal opinion of Buck is he has a total lack of respect for private investors. On the PM website there is a paragraph that is headed "Building Trust" Buck needs to read this and act on what the company preaches. My opinion is that I do not doubt he is a top geologist, but he should not be a CEO of a company in Mongolia.
Rant over, anyway as said I have emailed them, perhaps a few other people could do the same and try and apply some pressure