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(Assuming they aren't the same person) it's definitely Hamm as I remember him urging ppl to post before - a 'Hamid Bazmi'
Hamm.
Why are you posting this message on multiple Mongolian facebook pages? What are you hoping to achieve?
"Say a big no to investment in Mongolia.
MATD a Mongolian company with uk investors refused extraction license after finding oil. Matd has been waiting for 5 years to get LAND PERMIT and still waiting. Mongolian government sells exploration license fast with no problem but refusing LAND PERMIT says it all.
No foreign country should invest in Mongolia."
I see our absent friend Hamm has been posting negative comments on the MCUD Facebook page 😞
Nah. I would have added LP RNS by 9th July AT THE LATEST if I was WOS 😉
Or .... some would say
100% chance for LP and 66.6% chance for V1.
H2 = 50p.
Get your golden tickets now for the £1 party before it's too late.
Dont get caught with pants down.
Wouldn't want to be out of this at the weekend.
BOOOOOM
😉
Not sure how relevant, but shows issues, such as delegating licencing decisions, moving away from the need for government sanction.
https://m.facebook.com/story.php?story_fbid=pfbid03AmKZbF12Dk67MAM5vpKEkbQwxGb9nYgn16reYHeetasyfwpxMrynWhE2MEdjNQhl&id=100067633403423
Like I said, the overall direction of travel, regarding creating favourable conditions for foreign investment, looks very positive, which gives me hope that the cabinet will also look favourably on PMs SPC request.
Yes that may very well be the case. Hopefully that it is.
I'm just saying that the reported info from this week's cabinet meeting isn't about PM's SPC
In plain English don't mix up two very different procedures currently progressing.
1. The draft changes in investment law and
2. The special purpose certification process.
This week's reported discussion in cabinet appears strongly to be about 1 not 2.
We know that the legislative changes will need to be submitted to state Congress and is a lengthy process, whereas the special purpose certification process is a separate work around solution.
From 5th May 2022 RNS
For issues that cannot be resolved locally, Petro Matad has sought input from central government and this strategy has resulted in progress on the long-running land issue. In late April, the Cabinet of the Mongolian Government issued a resolution directing the certification of exploration and exploitation licences by the central Land Agency such that local approvals on land use are not required. We are advised by industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), that this will allow work on all Production Sharing Contracts (PSCs) areas to progress without land access delays whilst the planned amendments to the land law that will remove the current legal ambiguities pass through parliament. We are pushing to secure the land certificates on Block XX and V as a matter of urgency.
The cabinet meeting this week was regarding proposed revisions to the draft of the Investment Law. 10 proposals were made. No 10, (according to Google translate) was:
10. "Legal regulations related to land use relations were resolved in accordance with the Law on Land".
Therefore the cabinet discussions this week dont (imo) seem to be specifically about Petro Matad's special purpose certification.
Wow swear words and 13 'likes' by kindred straw clutchers.
Fantasy portfolios and incredible wealth.
Better than the telly!
//I'm still positive look at my posts//
Posts: 4,610
Price: 3.95
Strong Buy
RE: LP Issue BEFORE V1 Drill Result19 Jun 2023 13:59
Owl any other cabinet meetings after 21st June?
The only way we could have worked out whe the LP may land is if we knew when land development actually circulated the paper work to other ministerys,
I
... I know it's not long now but the wait is getting hard now, patience running thin, but nothing more we can do I guess
why would i be peed off? if, as you keep saying, i'm a deramper surely (logically) i'd be pretty happy right now.
you're a g0b****e fantasist though.
hope that helps
Waiting for Godot.
Act 2.
"...They then throw insults at each other to pass the time"
Happy to keep things real 😇
Iamrich you just wanted a quck spike and then out ... that's why you're so p!seed off.
//Curious yes and you continue to deramp and moan and be miserable here right lol//
That's just your perception. I said for example that the cabinet report was favourable ... but I guess people choose interpret as per their prejudices.
Iamrich...yes of course you did.
Now, as you are so sure of the 'inevitable' share rise again for your next 1.5 why don't you just enjoy your existing wealth and go lie down quietly on your yacht in the carribean and drink a nice bottle of Dom Perignon or something eh?
However even if not specific, the overall picture is favourable.
I suppose it could 'possibly', be referring to our special purpose certification but .... I feel on balance that, as it is mentioned within the context of 10 decisions relating to the amended draft law, this is referring to the over arching solution long term land use solution viz legislative changes, that has been referred to in several RNSs
In order to ensure the stability of the investment environment, support investment, protect the rights and legitimate interests of investors, improve investment guarantees, support for investors, and improve and simplify government services, the following 10 principle issues have been newly incorporated into the draft law.
1. In this some regulations prohibiting or restricting investment activities have been removed.
2. Guarantees for investors have been improved in line with international best practices.
3. Investor's rights protection council or complaint resolution system is established and complaint resolution is detailed.
4. The right to settle investment disputes through international arbitration is guaranteed.
5. The role of investment protection and support is defined as the function of all government institutions.
6. In order to eliminate tax differences and ambiguities, changes were made to regulate tax incentives and equal withholding tax rates.
7. Provisions have been made to eliminate duplication of planned inspections by the state.
8. The process of obtaining visas and residence permits has been simplified, and regulations that create double burdens for investors have been reduced.
9. The criteria for issuing stabilization certificates have been simplified and conditions for electronic issuance have been created.
10. Legal regulations related to land use relations were resolved in accordance with the Law on Land.
It is believed that the approval of the revised draft of the Investment Law will have many positive effects, such as increasing economic growth, creating a favorable environment for attracting investment, increasing jobs, and improving Mongolia's competitiveness.