Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Bunch of jokers, about time MATD threatens MG with court action, the new Royal licenses MATD should make a fuss by saying what’s the point of having a new license finding oil, and then you’re not allowed to take it out jokers, LP no one takes this long we are not being told the full facts. I have a bad feeling that they are going to say again for all this year. Unfortunately no LP until next year when the refinery is possibly up and running should have sold at 5.5p
Heron will be up & going in the Spring.... They need it as much as we do.
I AGREE by now PM should've took some action and made a fuss on media so new investors in Mongolia woanduld be on side line.
PM definitely need to give the Ministry the ultimatum and get a written confirmation that LP will be granted.
The process can take long as it takes but need it in writing the guarantee
Agreed master82, the snail pace of documentation issued by local & national Gov over there must be driving away many investors. MB must be pulling his hair out.. I would.... i am!
I think it makes sense having a written letter from ministry.
Perhaps it is time MB makes a bit of noise.
I guess the 3 month promise has already gone! Time for action? Why not! At least a letter of confirmation of LP would be one step forward.
Those who speak the loudest get heard. That's just the way the world works.
Stay quiet, and the world will take you for a ride
Anybody thinks that MB reads these comments I wonder?
Does anyone know the answers to the following.
1. If the legislation had been passed would that merit an RNS (or only once we got granted the permit)?
2. If today is the last day of parliament until 5th April does bureaucracy also cease?
Im guessing that if the required legislation is in place then the wheels of administration/bureaucracy will still turn during tje parliamentary recess and therefore the permit could be granted at any time...
Would be great if MATD took the time to update us!
Why all the stress all of a sudden? When I was critical last week, I got shot down and told we have until November!
Something just doesn’t smell right here. Why the delays? If central government can overrule local, then why does it take so long to turn on the HP Laserjet and print off a LP for PM?!
Nothing has changed. Its just panic being created.
We still have till November.
Youll be going in loss soon
Doc, one way or another everybody is upset, agitated and fed up with the situation.
We have been waiting for 3 years or so, however drilling season is still 2 months away.
Hope MB starts to communicate with us.
Master - not sure I understand your last line. My average in price is 3.5p so getting close to being back in the red.
I’m not panicking though. It was a punt when I bought in originally and also when topping up, but something has never felt quite right about all this LP business. Philip Malone has even been involved for some time now and still no LP…
I hope I am wrong and we all make some good money soon, because I do agree that the LP will see the shares rerate very decently from here.
Curiouser. Ref parliament the Autumn session closed last Friday 20th, but the wheels are still turning, cabinet still sits and has meetings as confirmed in Twitter posts on numerous Mongolian news websites. So we don't have to wait until next session to get the LP, this was also confirmed in an email I received off Philip Malone the British Ambassador who is actively dealing with the MG and PM and Mike Buck, so LP could be granted anytime.
Wow lol grown up adults shouting and crying are we there yet!
Get real people in any country there will be delays in such business expecially in a country that smaller or new to the business,
Things are being done the CEO did a vedio interview listen to it and wait for new
Thanks Dozz
It's not quite the end of the month yet there's another 2 trading days, maybe LP down to the wire like most things in Mongolia nothing rushed. GLA
Always allow extra time to business plans, if it was this simple then we would all be running a aim company
iamrich- I think you need to get real. Sure, there can be delays. But this seems a perennial problem with MATD and MG. If this was a one off, fine. But it’s not and so there has to be some level of concern.