Member Info for Bluechipz

reasearchandhold - From what I gather we have enough to hold out until next year when the drilling season is supposed to start again, but if we are to wait much longer then another cash raise would required or more funds appropriated some way or another. The agreement might be for 20 years but our cash keeping the company afloat isn't.
Don't get me wrong, I'm still optimistic as a LTH here that we can acquire the LP and it is MB's bets interest that we do of course. He has 8 million shares himself after all. But .... what's to say a Chinese company haven't said to the GoM that if they just hold out on us they will come in and give them a better deal. It's all speculation though, we have no idea for sure what the reason is why they haven't granted the LP yet. Hopefully soon it will be resolved.
GLA

The only way it will be resolved is by the GoM stepping in and pulling rank or a new governor then if that's the case.
If there is a lot of money to be made for the GoM then I'm sure it will happen.
Just hopefully it will be with Matad and not another company who are just waiting us out.

Good shout Dozza.
Thanks

http://mongolia-mining.com/index.php/exhibition/indoor-outdoor-floor-plan?start=40
No appearance in 2021 & 2022 either. Doesn't really matter as long as they produce the goods, but the publicity surely could't hurt in regards to attracting and gaining new investors .
There's clearly a lot of other oil and mining companies in Mongolia now ..

I agree with Ojay here, and I also totally feel the same way that Master82 does regarding frustration to be honest.
We are ALL desperate for this to get going as we know the potential is huge and there is only the LP now standing in the way.
I don't for a second think that MB and MATD in general are taking any us for a ride though, simply because .... why on earth would they?
MB is heavily invested also and so he would also massively benefit financially from the SP going up, so why wouldn't he be doing everything he can to get try and get this LP sorted?
The MG clearly don't want to grant the LP in general at the moment as otherwise they could just say that MB is the problem knowing that he would be ousted by Matad and it's shareholders in no time then in order for things to then progress.
But the MG don't even give a reason apparently.
I honestly think that MB is probably very stressed out by all of this and at least as frustrated as we are with it.
Some will totally disagree with that and that's fine. But I'm withholding judgement until we know some facts.
I'm not defending Matad on their total lack of comms here either but .. they may be weary of saying anything that could affect the SP negatively again until it is absolutely certain that something is the case. From example .. a simple "we are still in the same position" update would make the SP drop again when hopefully, things are still in motion and could still maybe produce a last minute LP.
Fingers crossed anyway.
GLA

Exactly guys, the one thing that we all agree is on is that Matad could have much better communication with us as we have no idea what is really happening and why.

Good point. Why would the MG even allow an EP when they never had any intention of granting an LP?
Hopefully it is just a case of red tape and / or some things needing to be ironed out rather than just a flat out refusal.
I can't see any reason as to why MB wouldn't be doing everything he can to try and make this happen. It would be a massive financial reward for him as well remember. I've no doubt that is massively he frustrated as well. It would be financially beneficial for the MG as well, so it's surprising that they aren't being more cooperative. Can only assume that there must be a significant reason behind their refusal to help things move here. MB did state that they decline the LP without a reason given though. Who knows .... ?
MATD could definitely keep us more in the loop, regardless of whether it is good news, bad news or just the same as.
We all shouldn't have to come on here to try and guess what the hell is going on all the time.

I agree Ojay, if we have to wait a few more months then I can deal with that as a LTH. As long as it does eventually happen of course. Quick question for anyone wishing to answer it - I'm assuming that the LP could still be granted to us this year even after the time for using it this year would have passed? If so, then surely the SP would still rise given that we would then be ready to go as soon as weather permits next year?

I'd probably top up now a little myself as well if I had the funds Ojay.
Still in the frame of mind that it's a case of WHEN and not IF Matad finally gets the LP and the SP finally rises again.
Nobody wants that to happen next year rather than now, but as long it happens .....
We all live in hope.

Wish it was 2.6p for me, that's a great average.
My SP average is 4.7p, but I'm still holding and will continue to do so.
Hopefully we'll get some news soon.

Thanks Jimi.

A decent RNS would see this go well above 5p I would imagine / hope.

I'd be expecting higher than 4p if that happens.

All sounds very promising. Fingers crossed it gets put into action ASAP as we've all been waiting for a bloody long time now.

The Government of Mongolia is implementing the "New Revival Policy" which is important to create the basic conditions for the effective implementation of the long-term development policy of Mongolia "Vision-2050" approved by the State Parliament. In this policy document, it was decided that the Ministry of Justice and Internal Affairs will develop the revised draft of the Investment Law.
In this context, the Ministry of Foreign Investment Legal Framework ” discussion on the topic was organized today /2022.09.12 /. H. Nyambaatar, Minister of Justice and Internal Affairs, opened the discussion. In his speech, he said, "The process of resolving disputes will be expedited. Civil proceedings are settled quickly with lower costs. Switch to this system. The system change that will be made at the end of this year will be a change in the structure of the court decision enforcement organization. A project has been developed and submitted to make foreign investors understand that the legal system is becoming more understandable. It is necessary to pay more attention to the implementation of laws and regulations.Changes aimed at foreign investors include the simplification of visas and legal reforms. Now there is a problem. By the end of this year, the main work of digitization of the ministry will be completed. Next year, the foreign passports of Mongolian citizens will be completely electronic. This will increase the physical amount of foreign investment coming to our country. emphasized that.
On this occasion, the Deputy Minister of Justice and Internal Affairs, B. Solongoo, presented the draft of the "Revision of the Investment Law". Also, H. Batjargal, State Secretary of the Ministry of Economy and Development, "Research presentation of the last 5 years of foreign investment" and Brigadier General Ts. Nyam-Ochir, Deputy Head of the General Police Department, "Opinions and conclusions regarding the resolution of criminal cases related to foreign investors" ", Head of the General State Registration Department D. Delgersaikhan, "Presentation of the inspection work related to the registration and operation of foreign-invested enterprises in cooperation with tax and social insurance organizations", Colonel Ch. Oyuntsetse, Deputy Head of the General Department of Court Decision Enforcement and Head of the Decision Enforcement Service, gave a speech on the topic of "Opinions and conclusions on the execution of decisions related to individuals and legal entities with foreign investments and the execution of international court and arbitration decisions of foreign countries." provided information. In the event, some leaders of the Ministry of Justice and the Interior, representatives of the Embassy in Mongolia, representatives of international trade organizations, as well as representatives of governmental and non-governmental organizations, expressed their opinions and suggestions on the current state of the legal environment for foreign investment.

I really hope you're right Ibiza.

I can't fathom why the SP has barely moved despite such a large order .... whichever way it went?
Especially compared to the normal volume and size of trades for this share.

It's down as "unknown" but can't imagine the SP going up slightly with a sale of that size.

Hopefully so!

Looks spectacular, congratulations.
If this gets to £1 I may try and buy it off you ;)