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*The continued refusal* of the Provincial Governor to sign off on a Tripartite Agreement which has already been approved by the Ministry of Mining and Heavy Industry (MMHI) and the Central Land Agency has been raised by the Company with all relevant agencies and also at the highest levels in the Mongolian Government.
*We are hopeful* that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant.
The Governor is still withholding his signature, now on the basis of a partial overlap of the Block XX Exploitation Area
It goes on!
WOS, apology???
I'm not saying you're a dishonest person - last year when you did something very similar, I think you genuinely thought MATD were finally there, but then it turned out you'd misread/translated it wrong, we weren't there, and the SP clattered back.
I think so. We had a similar incident last year when master82 misread something and the SP skyrocketed a full pence or two, before crashing back.
I cannot understand why there would be another local meeting... everything has apparently been agreed.
The SP consolidation hasn’t happened yet. It makes absolutely zero difference to the overall value of the company. I can only think it is retail investors not understanding and dumping their shares, although 22 trades is hardly a lot.
This is just like me having a company say valued at £1m and issuing 100 million shares at 1p. Now I’m saying I’ll only issue 1 million shares which will be worth £1 each.
From investopedia:
“Par value, also known as nominal or original value, is the face value of a bond or the value of a stock certificate, as stated in the corporate charter. The face value of the stock stated in the corporate charter is often unrelated to the actual value of its shares trading on the open market.”
Sol - this is simply a share consolidation, 1 for 20 old. The SP will increase 20x on the day to offset the then reduced number of shares in issue. The 2p is the nominal value or description of the shares. It is nothing to do with the actual value of the shares.
Be it good news or bad, I think we will hear some kind of update during March. I think it's clear I'm concerned it will be more delays but I hope for all our sakes and Thornogson's children that it is positive. Anything less than "Heron is 100% sorted and we'll be producing oil this year" will see the SP crater. Vague RNS's and promises by the Mongols just won't cut it anymore, IMO.
We will see any contrition from WOS for another failed guarantee? Of course not. Just more attacks on those who have been right to be wary.
And yes, GCM looks to be his exit strategy from this board.