RE: I can hardly believe this SP erosion...31 May 2024 10:53
PM situation which has been resolved is a deal maker for Mongolian government. They will finally get interest from foreign companies as this will show that they can help companies deal with problems.
I can see this used as an example and they might get MB to attract foreign investors.
It's all about money for PC . For them to let PM use facilities will be at a cost to PM. Plus their production has been falling.
The most important reason is the oil refinery which needs feeding stock and PC can not fulfill on its own. Pipeline from PC facilities to the refinery is almost finished.
Know your investments and stick to this historical moment where PM will be making money and Mongolia will have it's first refinery with oil supplied by PM.
What can he bigger news than that.
History in the making