Member Info for mmafr

Hi WOS,
Is this just your opinion or is it written in black and white somewhere? If I interpret Master82's posting correctly (thank you for your great research work, by the way), changes to the law would have to be made urgently in order to grant the LP (“At the end of the meeting, the Chairman of the Standing Committee, B. Saranchimeg, asked the Ministry of the Environment to urgently submit a set of laws to eliminate violations and violations of the legal environment in the environmental sector,...”) . As I see it, your posting is contrary to Master82's posting, and since I think this is the crucial point, I would like to know your view on this.

First of all, I have been invested in PM for many years and have experienced some highs and many lows. However, in my eyes, this PR is finally the breakthrough I was hoping for.
1) PM has set a fixed date for the drilling of Velociraptor 1 in an official PR. There is nothing more to speculate about it!
2) The official go-ahead from the responsible ministry for Block XX has finally been given and is on its way. The rest is pure bureaucratic hurdles that will probably be cleared without any problems.

So everything is fine and I am more relaxed than ever about the future of PR!

Actually, the course should show where it is going, the Mongolians are not stupid.

Best saying so far in this forum :-)

If MB doesn't put out news in the shortest possible time that the LP has been granted, then he's through for me: in the interview he had clearly claimed that PM was fully funded and now a funding anyway. How fooled can you get?

At least we are not dead yet... and the posting of Profit + BiguPajc shows that someone is active in the background and deliberately wants to keep AAOG alive.... there must actually be valid reasons for this.

What do you mean by that? Can you explain this please?

Well, here is a transcript of what MB had to say about the financial situation of PM... It sounds very reassuring to me :

"well we raised 10 million dollars in 2021 in the in the hope of being able to start because of all the promises that have been made about the land issue being fixed so quickly obviously that didn't happen but we haven't sat on our hands for the year as I say we've we've bought equipment we're around about six million bucks in the bank now... you know we've been reasonably through with it on overhead we certainly haven't recruited anybody new we've been running with the same team we've had throughout we intend to continue with that as we enter into the development so we've got plenty of money left for the completion of Heron and some more drilling depending on what we finally come up with on terms and conditions for the dqe drilling contract and yeah we have money available to drill Velociraptor one and we'd like to get started on renewables so at the moment the cash position is reasonably good "

Don't worry, the price will be a good bit higher today after the market closes! Sometime in the next remaining hours, the jump will begin. ... enjoy

I think the stock price will rise again just before the market closes, as there could be positive news coming next week.

Let's hope that this will not affect PM's business!
https://www.wandsworthguardian.co.uk/news/national/23173205.mongolians-protest-alleged-theft-coal-sold-china/

@Jimi,
Nice find ... maybe it would be a good idea to contact the journalist and get his personal (unembellished) opinion on the whole polemic. Maybe he also knows more about our special PM situation.

@manro,
Is that really the case? When I look at the last news, the problems with the local authorities were always a main topic .... It doesn't seem to me that PM tried to hide anything .... at least not as far as this point is concerned.

@manro,
No need to get personal right away. I was just repeating the facts here and the problem of the local opposition was presented as the main problem at the event. This confirmed exactly what PM constantly claims to be the main reason for the delay. This cause was thus recognized by the journalists and experts present.

@Manro, :” Whereas, it could be solved in a few days if he did not lie about government support. But, even without any support, this issue could be resolved, if not in a few days, but at least in a month or two.”
You are completely wrong (and you know it). The problems with the local conditions are by no means only a problem for PM, but for the entire sector. And it is not true that these problems can be solved in the shortest possible time, because this was clearly presented as the biggest problem during the "Mongolian Mining Week 2022" (as posted by curiouserandcuriouser):
https://news.zindaa.mn/4c5y?fbclid=IwAR1KBgJxoFHaykem2xRa6m_xz65TkqitUC30Dd49QlD0fW84fHpCDx8GR2M
The "Mongolian Mining Week 2022" event of the mineral resources sector continues on its second day.
One of the main problems that have attracted the most attention of the industry and are waiting for a solution is the opposition of the local people.
Today, within the framework of the Mongolian Mining Week 2022 event, a meeting will be held to discuss the difficulties faced by local and foreign investors and to determine the way out of them.

The posting by curiouserandcuriouser actually sums it up quite well and should be just as accurate as an explanation: “One of the main problems that have attracted the most attention of the industry and are waiting for a solution is the opposition of the local people. Today, within the framework of the Mongolian Mining Week 2022 event, a meeting will be held to discuss the difficulties faced by local and foreign investors and to determine the way out of them.”

So the government is fully aware of the problem of local conditions and is trying to find a solution. This does not only concern PM but all investors in Mongolia. This is exactly what PM has always said as an explanation for the delay. This only proves that PM has always told the truth and that our hands are (still) tied at the moment.

Now, could this have an impact on AAOG? Lets cross our fingers....
Commissioning Update at Saltfleetby

Angus Energy (AIM: ANGS) is pleased to announce that the Company's site operations team, with supporting specialists, has now introduced and processed well head gas throughout the combined extraction and condensate processing facility.

Well B2 has alone been delivering at an equivalent rate of 5 million standard cubic feet per day, surpassing the Company's internal expectations, although we expect deliverability to normalise with time. The Company will introduce the stream from the A4 well shortly.

The stream has been passed through the whole process plant including condensate stabilisation and storage tanks as well as gas analysis. Specification gas has been achieved in short tests to date as has an export pressure of approximately 60 barg sufficient for entry into the national transmission system, or "grid"

The Company will make nominations for gas sales when it is satisfied of stable flow, uninterrupted by electronic trips, for an extended period of time being not less than 8 hours continuous flow which we strongly believe will occur before the end of August thereby meeting the current deadline under the Company's revised hedge arrangements as notified on 29 July 2022.

Well, not betting at all certainly means no profit ...

Me too, albeit a modest number... but at these prices, you can't really go wrong.

Come on, guys, we all know that it's part of the business that in a public forum some try to make the share look good and others want to achieve the opposite. The neutral observer knows this and makes up his own strategy. In any case, I always prefer to read both sides and then form my own opinion. A forum with a one-sided view would not help anyone.