Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Dozzawba and Hamm,
I am also preparing to send 3 letters to: the British Embassy, Mongolian Government and Parliament, and to the Mongolian British Chamber of Commerce.
I hope that many other investors should do the same, and not sit or wait like sheep until to be shorned.
Dozzawba, could you please post here what you have e-mailed to the British ambassador. I am asking it because we must all strike at the same and the most important points in order to draw as close attention as possible to the problems about which we are notifying and asking to intervene.
Very good comment, MON1. That is what we will do - bombard by our collectively signed letters to every organisation and bring their attentions to what is happening with British and other foreign investors giving permission to companies from such a corrupted country as Mongolia to operate on AIM market. If corrupt Mongolian officials can lure British investors to them, and then brazenly rob and even extort money for a mining license, then no less stringent economic and other measures should be taken by the British authorities against those who allow themselves such a brazen attitude towards interests of its investors, and hence the country as a whole.
Let's act collectively guys and defend our interests otherwise we are going to lose our investments completely. Therefore MON1 please take a lead and prepare draft of the letters to different organisation here in the UK and abroad which everybody who agree could send and present as collectively sighed document.
Hamm, that is hardly possible, but we must be prepared for this too. And demand an explanation, and not only from him as CEO, but also from all those crooks who, along with him, constantly deceived us and stole our money.
In other words, in this case, we will have even more grounds for active actions. As it will be undeniable evidence that the PM was created specially to deceive foreign investors, and hence the chances to sue and force them to reimburse our financial losses.
"...I think he should still be there if not as CEO necessarily"
Hamm as who if not as CEO he should still be there. The CEO should be in his office doing his job, but it's clear from his zero results that he's not there. He is hired and used as a paid puppet and as such can be where he wants. The only question is whether with his consent he is used as a puppet by corrupt Mongolian officials or not. Most likely he knows and plays their dirty games of embezzling money from foreign investors. Otherwise he is an Idiot abroad. Therefore, we will not to be silent, but to shout as widely and loudly as possible about this impudent theft of our money.
badprophet, he will never be able to answer your reasonable question. He lies so often and on almost all issues that he himself is completely entangled in all his lies. And since he is an obvious loafer, it is certainly better for him to rip money out of the pockets of gullible investors than to do his direct duties and start oil production as soon as possible. If he were a dedicated specialist, and even more so a leader truly responsible for the development of his company, he would have to deal not only with the search. Moreover, he could yet 3 years ago to start developing Heron and thereby ensure the company's self-financing, and not engage in constant extortion of investors.
Thanks Jimi, I have placed a comment there that corrupt officials at the level of central and municipal levels deliberately muddy the waters, using the local population for to catch their own fish in it. Such a small population of local natives, scattered over such a vast territory, could never, by themselves, have offered such resistance to geological exploration or even oil production, if their actions were not coordinated by officials, especially municipal ones. Therefore, it is time for the Mongolian government to take action and stop these shameful games if they really care about the country's economy and not just their own pocket.
You may be right, Hamm. But I would rather go ahead and try by whatever means available to try to clear up at least part of the huge number of questions that have accumulated than just sit and wait. After all, and as you rightly noted, there is "Not much of decency" and hence guarantee that any new information from this fraudulent leadership will not be as false as they have always been.
Hamm and specially Ojay, you are offering Simon to travel but would it better if one you join to him? And what about financial support for such time and money consuming trip to travellers? I personally ready for support. Are there other LTH ready for it too?
Hamm, you know very well that each of us has written letters before and asked many questions, but never received any satisfactory answer, but only formal responds. That is, in fact, they ignored us and we simply became for them some kind of herd of sheep, which can be ignored. That is why the time has come to show that we are the owners of the company and they are our employees. So, our opinion should not only be considered, but taken as a guide to action. And for this we must act in an organized manner and as a whole, otherwise we really are sheep that can be sheared or slaughtered. Therefore, as Dozzawba writes correctly someone need to compose and post here a draft letter with all the main questions, and then each of us can add our own questions. Having received the answers, we summarize everything that they answer and, depending on this, decide whether we will apply to the SFO or not.
Jimithebrush, would be interested to know your opinion in this matter too, please respond.
Jimi, that's one of those very reasonable questions that needs to be answered by the crooks who run the company and their rogue boss who constantly lies and misinforms us. And since they always respond to our individual appeals with general phrases and formal replies, I suggest that you or Hamm (you should agree on which of you) prepare a draft collective letter (which about Hamm have mentioned recently) and post this draft here on the site. I would draft such a letter myself, but English is not my native language and therefore you will do it much better, especially Hamm - the author of this great idea. Please agree which of you will prepare such draft, and then which of us investors will agree with the text, then they will be able to copy it and send it to them by e-mail. Depending on their response, we will decide whether we will contact the SFO for prosecution this leadership or not.
"The Canadians, who were interested in the 20th oil field from Matad Sum, are about to leave"
It is a great news, Dozzawba. But unfortunately only applies to Canadians, and not to the British or other investors of Matad. Our scoundrel CEO is so supported by the Mongolian government that he will die but never allow such ingratitude towards them. Who entrusted him with such an important mission - to fool investors, live a luxurious parasitic life at our expense in Singapore and travel around the world.
The management of PM and its "high-caliber" CEO are ordinary parasites who are sucking our money and as such will never share anything with anyone. Besides, who are the locals if they have a complete support of the centrals, having promised PM to start drillings in the second half of this year. So, we need to be patient a little bit more and everything will be OK: either this or next year. Or in 2-3 years time if PM don't suddenly disappear of course.