Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Think first 2 NO problem as move through Q2 with all news
LP will smash everything with DQE news we expect after and very fast full field development, near field development & also new block development from production revenue.
Breakout have just start and only one not holding MÀTD share are one who sweat now ;)
HAPPY :)
All we need is a piece of paper approved by the GOM cabinet. I have found one example of such a letter publicly available on the internet, google translated below:
DECISION OF THE GOVERNMENT OF MONGOLIA
Number 28
REGARDING ACQUISITION OF LAND FOR SPECIAL NEEDS OF THE STATE
In order to implement the government's 2016-2020 action program, based on Article 16.1.13 and Article 18.1.2 of the Land Law, the Government of Mongolia DETERMINES:
1. For the purpose of building an oil refinery, 150 hectares of land located in the territory of Altanshiree sum of Dornogovi province should be taken for the special needs of the state for the implementation of a large-scale national development project, and the change of the turning points of the land border and the size of the area should be approved as attached.
2. Head of the Department of Land Management, Geodesy and Cartography, Ts. Gankh, shall be instructed to conclude a land use agreement and issue a certificate in accordance with the relevant regulations at the Department of Special Needs of the State specified in Article 1 of this resolution.
Prime Minister of Mongolia U. Khurelsukh
Minister of Construction and Urban Development H. BADELHAN
Government No. 28 of 2018
annex to the resolution
"Urgent & Project of National Importance"
GOM need to give the LP quickly because 1st new licence block round of 5 licence attract bid on 3 licence only.
Now 2 more new licence round with 9 more block going to be open for tender. This why Mining Minister mr J Gambaat visit Canada and expo for SE Asia oil
If they want foreign investor to bid for new block must show have LP for Petro Matad and why URGENT & NATIONAL IMPORTANCE
Coming few day and next RNS for LP imo
Documentation to certify the Block XX Exploitation Area as special purpose land is being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval.
Above from RNS, if this isn't clear enough I don't know what is lol!
Documentation itself already complete & circulated to relevant Ministries (see Block XX section in RNS).
Now preparing to submit to Cabibet fir final signing
Very soon now
Happy :)
Iamrich, what makes it more likely to be granted soon is that it has been classed as a project of national importance.
I believe the RNS had to be released today due to PM getting the spud date of Velociraptor, so news had to be released.
Dozzawba, exactly but some miss this point too, this is being pushed hard and thats why I think only a few weeks tops, people will get caught with their pants down for sure, feel sorry for the few that sold on others here indirectly deramping
Only need Cabinet signature.
Documentation already been passed to them.
Does not take that long. Could be this week.
Like RNS clearly say documentation COMPLETE (already circulated to Ministries).
Preparation us for submission to Cabibet which will be when they next sit, Dicument presented with 'National Importance' requirement & then sign.
Do not know how often Cabinet sit but if like other country will be short time between cabinet meeting.
Special Designation of Land Permit RNS any day now & build up for Velocirapror in Q2
Perfect timing for all :)
Late this week is fine by me, as long as I get a chance to top up my ISA holding here first.
At least we're not in the dark either way now, it's coming.
GLA
Can't believe the opportunity here right now at this price, some have people have waited years for this moment
iamrich: "Don't read the board if it bothers you that much lol, the rest of us can be as positive as we want to be"
And we can be as negative as we want? Although I'd argue I'm just trying to be balanced.
The paperwork might have been drawn up, but it has NOT yet been passed to cabinet as far as I can see? And we do not know how long it might take for cabinet to approve, even though it is of national importance.
Mr sneaky Doc this is why we must use some common sense sir
If something of NATIONAL IMPORTANCE and URGENT and will straight re-rate the price by multiple (even you say well above 10p) then bigger danger is missing this and not in sitting confortabky with shares in hand.
You say you are balance but what is practical use of you say yes is urgent but do not know
Sometime must use common sense & not post for own sneaky trade agenda sir.
Be happy :)
All document ALREADY prepare & sent to Ministeries.
How long you really think National Importance document take to sign now after all Ministry receive it?
You really want to take chance when probably Cabibet sit every week or 2 week?
Be sensible & happy :)
Mongolian parliamentary reshuffle last Aug in pro Business cabinet focus on Economy with foreign investment & reduce red tape.
New Cabinet Ministers all pro business.
"Oyun Erdene named Gambaatar Jambal to lead the mining sector Gambaatar is a pro-budiness politician known for championing the reduction of government intervention in the economy"
Source: The Diplomat by Amar Adiye Sept 7th 2022
Pro-business cabinet ready to sign at next meeting.
Be happy :)
Doc83, if something is of national importance, do you really think they will be slow on acting on it or do you think there is a matter of urgency ?
Not sure you understand very well
"Doc83, if something is of national importance, do you really think they will be slow on acting on it or do you think there is a matter of urgency ?"
Something can be important but not urgent. They have said it's being submitted as matter of national importance, NOT a matter of urgency, note: cabinet do not yet have it according to the RNS.
I'm no expert on Mongolian politics or their political system but we seem to have quite a few here who reckon they are(!) so perhaps they can enlighten me on how soon matters of national importance are decided upon in Mongolia?
I mean, some might say HS2 is a matter of national importance in the UK, but it can take months/years to debate such subjects in the house of commons.
Anyway, the market has had its say today and it doesn't think much to the RNS.
Doc: "The market does'nt think much to the RNS": I don't get it.
The SP made a 3.21% jump. What were you expecting? I consider this to be a good ending to the trading day.
Doc83 is indirectly deramping, we all know it he just thinks we're all stupid,
195 posts in this board says alot, all the desperate derampers are out trying to tame the share price, this will all of a sudden just go, buy in don't wait,
“Doc: "The market does'nt think much to the RNS": I don't get it.
The SP made a 3.21% jump. What were you expecting? I consider this to be a good ending to the trading day.”
Come on, Ojay. The spread is 3.8%! It’s not moved at all on the RNS. FWIW, I think it should have moved higher. There, some positivity!
Doc83 very sorry the SP hasnt moved lol, even if the LP lands and multibags you will find a negative spin on this
Dozzawba I think you may be correct about the RNS release because the Canadian company released there operational update today too. It's definitely all coming together. Not long now :+))