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I filter WOS so have no idea what tripe he is talking.
It’s nearly the end of the year. We were promised by the end of Q1 by a cabinet minister all the necessary permits would be granted.
Why are they not ? It’s a simple question.
As MON1, correctly identifies.
This is not about oil, licenses, Petro Matad or Mike Buck.
This is purely a Mongolian corruption issue that has engulfed Petro Matad.
What did Nusrat Ghani do when in Mongolia recently. Did she apply British diplomatic pressure so a British company and its shareholders can rightfully obtain licenses.
Will this matter be brought up at the next Mongolian/ British business forum on the 20th November in London.
The British government have to act now as British shareholders have suffered long enough.
Master.
A thoughtful suggestion regarding Petrovis.
MT are in the same position as Matad so it would appear the provincial mafia don’t care who they take on or who they upset.
That should give you an idea that the people behind stalling Matad have good connections.
Not great news but not unexpected.
Read the link below link. These are the real realities of doing business in Mongolia.
My colleague is working on a paper which highlights corruption in Mongolia presently. I will post it here shortly. I am beginning to feel a little sorry for Mike.
https://newsdirect.com/news/amarbayasgalan-dashzevegs-soviet-style-corruption-destabilizing-mongolia-336271381
So as I said Master where is the original loan of $1.2bill that the Indians provided the Mongolians to build the refinery ??
If the money was being used as intended, why all of a sudden are Belarus lending Mongolia more money to build the same project.
I told you where it had gone but everyone believed what the politicians were telling you.
Your learn !!!
Master.
If you believe the politicians that is your choice.
A friend took a picture of the site for me last month. His verdict. 4-5 years away from completion.
I am sure you will have never managed an EPC project but when you read the words, the design work is in the final stages, this means they are not even at IFC stage, which after detailed design will be another year before construction even starts.
As for the other comment, solve the problem of additional funding, what you are looking at is a project already out of control and at least four years away from commissioning.
Now if you have ever run an EPC or EPCm project in an emerging market I am happy to be corrected.
Mr Owl.
The media wrote about me, I am an SEC and SFO whistleblower, I worked for GoM.
You know my full identity.
Let’s get our thinking together and get this show on the road.
Richard.
Mr Owl.
I like your thought process.
I believe you do offer this BB something different, and different thinking when combined with other thinking is what brings solutions to problems.
I am very happy to answer all your questions, and any more you may have.
Simply drop me and email with something to identify you, I will do the same and let’s get talking seriously to each other.
Anyone else that feels this would be beneficial please jump in. Correspondence to ministers and governments from real people who are really invested and want action, this would give us a collective real voice.
Mr Owl if you are up for be the first to join forces and let’s get this thing rolling.
Richard.
Owl.
You have never worked for the Mongolian government, never sat in one GoM meeting or produced one report for a minister in the government. No one in Mongolia or the Mongolian government has ever taken advice from you either personal or professional.
In short you have no connections, and anyone signing off as an owl is likely to be laughed out of court.
Yet another article in the Mail on Sunday stating my role for the government and that I produced reports for the government.
You are now filtered as it’s impossible to even have a constructive conversation with a person that thinks they are an owl.
https://www.thisismoney.co.uk/money/markets/article-12400311/amp/Whistleblower-raised-alarm-Rio-TInto-copper-mine.html
If you ever make the national papers one day I might re-instate you and take you seriously.
It’s very difficult to take someone seriously who thinks they are an Owl.
As for the announcement you have no idea how this came about.
Ask Doz, he knows, he has seen the evidence.
It’s a bit above your pay grade buddy.
Master.
It matters enormously. If you think PM and the oil it may produce has no impact then you really do not understand Mongolian politics.
Next year, (June 2024) is a general election.
The government will be into election mode late this year. Let’s say PM produce before year end. This will give the DP and others political ammo to use as Mongolian crude will be going over the border, when the country is shipping nearly all of its fuel from Russia.
A huge political own goal.
Easier to keep spinning news related to a late refinery, keep PM on hold and spin a narrative all is moving to plan. As we know things are not moving to plan.
I advise several other companies in Mongolia with other governments involved. What you see here with PM is standard operating protocol in Mongolia.
It’s a narrative and game to suit the politicians. Not the investors.
The only way this may change is if the serious pressure is put on the Mongolian government. I have recently seen another European government exert pressure from their own Foreign ministry to the Mongolian Foreign ministry with a further 20 letters delivered by diplomatic pouch. Not one was answered.
Master
It will likely be completed. However the fact the investment has been used elsewhere in Mongolia demonstrates problems with corruption.
That in turn raises questions related to how the alleged corruption has impacted Petro Matad and all investors cash.
Four years for an LP raises serious questions. I sent an email to Doz this morning that backs this up.
The underground for the OT project was permitted in a year. That’s a $6bill project, and yet Matad cannot get an LP for a project will take weeks to get into production.
WHY, WHY, WHY ????????
Condom Man.
Not so Walter Mitty now is it buddy.
Paid fools like you have no place on a BB where real investors want to understand all risks, all intel so they can investigate further.
I feel strongly enough I will write to the British government Monday.
The Condor man.
Should shut you up !!
I think it’s you that is the nobody.
https://www.thisismoney.co.uk/money/markets/article-12390411/amp/Rio-Tinto-boss-Jakob-Stausholm-tearful-apology-bullying-claims-mining-giant.html
trouser owl,
go and do your own research.
you don’t know me. you have never been to mongolia, you have no connections in mongolia.
you are a paid desk jockey that buys his trousers from c&a.
the amount of absolute ****e you spout day after day is embarrassing. if i was you i would go and improve your pigeon english, iron your new trousers and read back over the last year some of the absolute crap you have written.
you have no idea what’s happening in mongolia.
you just spout a narrative that is misleading, a lie and based on zero fact.