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I will be watching the trade levels closely over the next few days as we lead up to AGM.
Any hint of trade levels increasing will give you a heads up to whether we have good or bad news on the way.
I believe that all is. In place and it is a matter of time.
However this is MATD and Mongolia so nothing is for sure!
I am led to believe exploration companies are restricted in terms of what percentage chance of success any drill may have. Even with proven reserves 90% is what is usually stated.
So when they say there is a 20% chance that may really mean 40-50%.
That’s right, drop 38% from last poor RNS and stay level after positive RNS, which basically says the bad news from previous RNS is now sorted and we have spudded Velociraptor.
MM’s trying to hold back price rise.
Another delay to the LP, but if it is just repeating the process with a difference ministry it should not take so long this time.
But at my guess it’s a minimum of two months before that gets sorted.
Hopefully we will have another discovery to start.
This is my translation of what you posted. I note at the bottom it says this is not open to foreign bidders. Just curious!
ender number: ZADSZDTG/202312013
The administration of Dörvöljin sum in Zavkhan province has announced a tender to review and evaluate the compliance of the requirements and laws necessary to issue a new license for Hudag /Lot 4/. The tender evaluation includes the following packages:
Interested parties can participate in the tender by submitting a tender proposal through the online system, without paying any fee, and if they pay 50,000 MNT, they can participate in the tender evaluation.
The tender will be valid for at least [30] days from its publication and a tender confirmation with a price not exceeding 1,600,000 MNT will be issued.
The tender proposal must be submitted in the format specified in the tender document before May 29, 2023, at 15:00, and the tender will be held at 15:40 on the same day.
Is the tender open to foreign bidders? No.
Is a pre-contract award notice required? No.
The tender announcement specifies the total amount and the date on which the tender confirmation will be issued.
The subject above are very relevant to Petro Matad.
Patience
Sometimes in business you need to watch time go by and wait for the phone ring. When it is out of your control, let what needs to be done, be done, often pushing for something to move faster slows thing down
I can see LP landing, if it is soon that would be great, but if it is in two months time it will be great also, the only difference we had to wait. PATIENCE.
Control.
Not doing what some people suggest on this board, like write to GOM and insinuate poor government, infighting, or even the big C word. Not the best approach when trying to get something done in a foreign country, with old bureaucracy and looking to change to a more modern open country. Don't criticise people who you need to help.
CONTROL
Mind you saying that, I still wish they would hurry up!!!!!!!!!!!!!!!!!!!!
I would have assumed that they would have had those ducks lined up before going to shareholders for approval. As I said just before 30th it’s disappointing that it wasn’t done then, saying that “on or around 30th” was the statement, but still not to do it by then is odd.
I really hope when they say the have received the fund they will also announce that the other £2.5 m has been sorted.
That is wishful thinking..