George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Or get bought out by another company for next to nothing. (Sirius Minerals Springs to mind).GLA
1.6 Fees, expenses and product sharing
The Petroleum Law sets out the different fees for petroleum exploration and extraction. These include:
Exploration licence:
:
Licence fee
US$ 3 per square kilometre for initial term; and
US$ 8 per square kilometre for any extension period
Extraction licence:
US$ 100 per square kilometre for initial term; and
US$ 200 per square kilometre for any extension period
both fees payable annually;
fines if fees not paid on time
Oil and gas:
Royalty fee
5-15 percent of extracted crude oil and gas
Unconventional oil:
5-10 percent [of extracted unconventional oil]
the recovery cost will be the cost oil in the amount approved by the state audit and
agreed under the production sharing agreement;
Recovery cost and cost oil
.
the cost oil will be up to 40 per cent of the total oil after deducting the oil used to pay the royalty fee; and
the applicable amount of cost oil for unconventional oil will be determined by a specific regulation
Product Sharing
profit oil will be shared in accordance with the terms of the production sharing agreement
Buzz, we are not privy to the terms of PSA but all i know is the profit oil will be shared as in agreement with the PSA. GLA
WEALTH FUND https://mongolia.gov.mn/news/view/26957 = GLA
More like 5 years. GLA
Might add this https://www.mongolianminingjournal.com/a/73405
"Should get pre AGM operational update" "does the header say it all"? somehow I'm not so sure but certainly would be great for starter's. GLA
Mine = "will the board members take a reduction in pay until all permits and licenses are in hand so MATAD can be a producer and explorer"?.... Elections will only be 8 or so weeks after the AGM so I still believe nothing major until afterwards. Bonus if everything beforehand or another wasted year 🤔 GLA
If this keeps up Mick Buck won't have any mates like there won't soon be any share holders either. I've sent my carrier pigeon over to Mongolia with some ink for the pens, let's see if they're any quicker than the snail pace of things over their. GLA
Why buy at 4.5 when you'll be able to buy cheaper when they do this placing you keep harping on about 🤔 GLA
Maybe don't hold your breath as I anticipate significant news after the elections when MATAD won't be a pawn any longer. GLA
Https://m.akipress.com/news:766506:8,000_more_hectares_of_land_destroyed_by_fire_in_Mongolia_s_Dornod_province/
"Dare to dream" notpleb. GLA
Maybe the board carn't elaborate on anything because if everything revolves around the LP issue then perhaps there's nothing to inform the market? The DQE contract may have to wait a bit longer as well, I would have thought they could be using the equipment we need on other contract, that Im not sure about because I for one sure wouldn't want equipment on hold for however many years we've had to wait now? Elections are looming and an AGM at some point, This feels like there's going to be no progress until the elections are finished maybe the AGM after them too??🤔 GLA
Patshare I would add EML to that list been waiting a long time for things to tick along, its not too dissimilar to this share. GLA
June after the elections. GLA
Aeschylus, never mind can you dig it, we carn't even drill it 😡 GLA
No not looking to get involved, one Mongolian enterprise is enough for my palate, I was drawn to the last paragraph where it says about permits or contracts taking over a year and half and brought MATAD into perspective, just thought I'd share for anyone interested GLA
Seems the issuing of permits is a common thing in Mongolia
https://www.mongolianminingjournal.com/a/73390 GLA
Some people won't mind paying that bit extra if it means all permits and processes are in order as it means MATAD can concentrate on becoming a major player and explorer and producer in Mongolia which could entail JV partners. But to much uncertainty at the moment. GLA