Member Info for Jimithebrush

Must have run out of ink 😂 GLA

What PR team might that be? GLA

There could be another way to get our message across if anyone has the qualifications, https://www.google.com/url?rct=j&sa=t&url=https://asiafoundation.org/career/project-manager-media-and-civil-society-strengthening-in-mongolia/&ct=ga&cd=CAEYASoTMjU2MTExMjI1NzA4ODQzODE0ODIaNTUxYWMyNTFiMTZjMDIxZDpjb206ZW46VVM&usg=AOvVaw2aep1V-mzjzh17bv0jdsh_

Do you think bombarding politicians with emails from none entities is a good idea, I get me need to get the message across but I seriously believe it may hinder the process, I mean why would a government as corrupt as Mongolia listen to a few shareholders of another company there to steal Mongolian mineral wealth? We are just little minnows in a very big shark infested pond know nothing about how the politics work their. GLA

Hardly surprising there's no investors they've been watching a sorry saga called PETRO MATAD. GLA

LEGAL SYSTEM AND JUDICIAL INDEPENDENCE

Investors state that judges frequently avoid controversial decisions in business disputes, preferring to delay judgment for as long as possible—sometimes years.? If a decision is made, businesses face similarly long delays enforcing court orders.? In some instances, cases have taken so long that by the time an enforcement is executed, the counterparty has liquidated assets and vanished.? Investors note similarly long delays with respect to inspection agencies, such as the Tax Dispute Settlement Resolution Council, as well as with other inspection agency panels, especially those related to mineral licenses and health matters. MATAD would really need to think about taking legal action as it appears it could take years 🤔 GLA

As I've said before that last AGM seemed programmed hence questions been submitted days before. It just seemed scripted from all the questions submitted and yes prof that question I asked about the licence fees his answer really threw me, like they haven't asked for the money yet? Overall still nothing has been made clear on any direction the company is going. Is renewables going to be the new company as it appears they can't be an oil company. More questions than answers as usual. GLA

I think it could be quite perilous if PM took anyone to court. As corrupt as the country is how easy would it be for the MG gov to take back all licences permits or anything else regardless of how much they say they want foreign investment in Mongolia, we didn't see anyone else bidding for blocks in the last round of allocations. Says it all really. 100 million spent in that country and not a single penny of revenue in over 10 years. We are now at the mercy of Mongolian bureaucracy until after the elections 😡 GLA

Oldscool, I'm starting to think that that is now the only plausible reason, I know they need energy independence but the refinery and pipeline only really started making progress when Matad found oil 🤔 GLA

Also anyone else think the AGM was centered around the question that were submitted? Wonder if that's why questions needed submitting 2 days before, give the shareholders what they are asking for. Correct master why no mention either at the AGM or in the RNS? There was no mention of anything DQE or PC 🤔 Maybe that's just my suspicious side 😆 All will be revealed eventually. GLA

Master there are a couple of flaws with your analogy, 1, didn't PC give MATAD seismic readings to block XX being just over the fence? 2,And no contracts signed due to MATAD not having all necessary paperwork, why would DQE or anyone commit to something that needs finalising 1st and be stuck in limbo waiting on government officials to pull their bloody fingers out. mho, the governors holding out for his brown envelope, besides PC has enough of their own k r a p going on as everyone is aware. I can't quite put my finger on it but something definitely does not feel right. 5 year and still no production. GLA

Roxy, I don't know maybe Petro China was the governors 1st company dealt with but received a brown envelope from them and that's why he's playing hard ball because they've (PM) gone the rules route? 🤔 GLA

Roxy perhaps this may help a little https://lehmanlaw.mn/blog/tag/land-law/

On a less serious note, master seems like a lot of effort put in to just invest a dollar (and I am only kidding when I say that) Google translate is definitely not the best 😁 I often find that taking a snapshot of the dialogue on the page you want to translate and run it through Google lens also let's you listen to the translation in english. Hope this helps. GLA

Irony, you buy an electric car to save the planet and a tree falls down and crushes it. GLA

Just had a listen to the AGM on line and can confirm my 2 questions did get answered. Good evening, My name is ---- ------ I have been a shareholder for many years now and have a couple of question for you at this year's AGM, can you let shareholders and me know (1) would the Board members and staff be willing to take a reduction in pay until the all formalities and paperwork has been signed and paperwork in hand so that Heron can start production and (2) are all fees still being paid for the block XX licence area whilst we wait for these formalities to go ahead as it's been a few years since the Exploitation Licence was awarded and would like to know if we're paying for something we cannot use many thanks ---- ------ GLA

Of humble pie been eaten today. GLA

It would appear my question got an answer about the pay reduction but will need to see the full transcript when it is uploaded to their website as I couldn't get onto the call. GLA

Https://www.einnews.com/pr_news/706979630/mongolia-s-minerals-law-amendment-stirs-global-investment-concerns

Got to wonder if MATAD where discussed on Cameron's visit. https://youtu.be/PaXQVOkSOc0?si=75ljpKaxVb1gpsdQ