In fact there is a website set up for the refinery, google mongol refinery and it will come up. At the bottom of one of the webpages there is a counter that gives project deadline day. It just keeps spinning and I got bored when it reached over 700 days to deadline. So I stopped looking. ...
Just to lighten the atmosphere here, I thought I would type the above into a search engine, the following is what I found... Good to see 3 likes in the google review. I wonder if MB was one of the likes? ?????? ?????? ??? ???????????? ??????? ????? “Mongol Refinery” state-owned LLC Website Directions Save 5.0 3 Google reviews Oil refinery in Ulan Bator, Mongolia
What is another 25% on a share I’m 90% down in anyway .....I should buy some more now at this price but I’ve decided to invest no more money in AIM . What I’ve got in will stay where it is, I’ve written it all off as a bad gamble ...but I’m not sore. Glass half full my life, if I couldn’t afford to lose it I wouldn’t have had the bet. It may come back, it may not. Won’t change me.
In Septembers RNS we were told that a CPR would be produced in Q1 this year. Since that RNS there has not been a single mention of this report.....they have 27 days to produce this. I bet they don’t...!
Great find Jimi. The wheels are turning, the move up is coming. Finally some positive news. As I’ve said many time on here the refinery is being constructed to refine Mongolian oil and the need for MATD to supply this will be agreed hand in hand with the refinery becoming operational. Positive news all around . This needs to be reposted on Monday morning....!
I agree. You don’t get many millions of loans from India to build a refinery based upon corrupt government practices. The Mongolian government need a lot of oil going through their refinery and need technical skills to get this oil to the surface. You can’t do this on a DIY basis. Horse, Please get a real understanding where this company is going before spewing your thoughts out here.
A “mere formality” . If only that were true.... You always seem to have rose tinted bifocals on Mr P. It is not a formality. It has taken the best part of a year so far and there is no hard and fast indication that it is anywhere near to being issued. I agree we are getting closer and I hope like you do that it is imminent but we have a lot of hurdles still to clear . This is my favourite share and I believe it has potential for a major uplift. I have a good few shares here and believe it will go ballistic very soon but there is no way the El is a mere formality.
I have just phoned UKOG Head office. The CEO is still working for the company. But he is working from home. I asked to speak to the Marketing Department to see if they still had one and , yes they do. I asked what they were doing at the moment but couldn't get a sensible answer. When I asked to be put through to the CEO I was told he was unavailable but I can email him. So I am going to. firstname.lastname@example.org. I was told that he will reply to all emails.....I would suggest we all do the same and see what the f is going on . I expect nothing but feel we are just being turned over here with no recourse to anyone or any briefings ever being made. email address is on their website if it gets blanked on here.
This is just my view. I agree the EL will be issued before the refinery is open to allow drilling and raw materials to be available for when the refinery is ready. Just my opinion. No science attached to it. I am a LONG term holder and am sorely tempted to by some more today but the large spread deters me currently.
Matad Directors voluntarily took a 50% pay cut whilst this got resolved. The EL is only going to be issued once the refinery is ready to receive oil, in my humble opinion. Why issue it now and see the oil being taken over the border to China ? The Government are deliberately slowing this down until they need the raw materials to stock their new shiny facility. If anyone needs pressure it is the contractor building this. Patience is required until then . No matter how much is written here nothing will change until then. That is all in my opinion only but if I had a new refinery coming on stream it is what I would do. Let’s see if I am correct...! Good luck all !
Great idea Manro. Why don't you just get a meeting geared up with the prime minister and sort it all out. Why did'nt Mike Buck think of that . Its obviously quite simple, a quick chat over tea, point out the error of his ways and job done. EL issued before dinner.