Member Info for researchandhold

Badprophet reminds me of that piece of chewing gum you step in on the pavement then spend the next 300 yards try to walk and scrape it off the soul of your shoe as you go. Damn annoying but beneath me !!

Well Lancaamans - oil aint getting any cheap is it?

Hurray he’s back

Wise Owl Speak to us !!

How you been?

Where you been?

😊

Thank you very much master82 for your research.

Did you note the full screen slide projection which came up behind him in both English & Mongolian listing the pro's and cons of oil exploration in Mongolian citing " ....Lack of urgency and slow moving bureaucracy negatively impact investment ..... then Petro Matad's Explotation Licence took 18 months to process.... then Local governments do not always support projects mandated by central government.... overly complicated and time consuming.."

More likely tomorrow. Just a feeling !!

Manro - yeah yeah yeah , of course you did . Congrats on your language too !!😁

Oh dear Manro - our resident " Apocalypse / Conspiracy" troll!!

ShortShrift- some good points and comments made.

We are on the cusp of this coming home.

I think that the locals have had bad experiences with Petro China so they're hardly going to be falling over themselves to sort the formalities quickly yet there's nothing they can really do so this will happen and possibly sooner than later as MB was probably advised by the Nomad to state the worst case of not before winter. Ie pessimistically / realist if you like Doc83!! Perhaps I'm too optimistic but we'll see and in any event its the depressives talking it down that helps me buy a few more.

Best but if the RNS:-

“ Petro Matad has asked the district authorities to allow Heron 1 operations to go ahead in parallel with the slow-moving bureaucracy at central and provincial levels. The district representatives have signaled their willingness to consider this so long as the Central Government supports the initiative and MRPAM has confirmed its support and is preparing a letter to that effect.”

And MB should use the Mining conference speech to pressure the authorities to finish these formalities

If not we are here till spring so I see this winter as a great time to buy more at 2-3p

Since it’s damn close now and interestingly DQE are virtually signed and Petrochina agreed too .

H2, H3 , etc next year . This investing game is one of long term patience after all.

MB should just crack on after he gets this letter from MRPAm .

We have all the National legal permits

Exploitation Licence , Special Purpose Permit etc and backing of Cabinet “ Project of National Significance “ so leave the Local to sort their crap at their own speed

Meanwhile......

https://mongolia-gov-mn.translate.goog/news/view/26815?_x_tr_sl=mn&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Master82 - wouldn't it be a nice "brownie point" for the Eastern Provence Governor to be able to announce all formalities signed and development about to start for his meeting with OYUN-ERDENE .

Nice find master82 - maybe completion of our formalities could be announced at this conference and used as an example of the development opportunities to come

Nice one Manxkippers.

Love him or hate him WOS certainly focused the mind on the positives and why we all invest.

The rest is just a slow grind but I'm sure we'll become a producer late this year and as Warren would say the hardest thing with investing is finding the patience!

Such sound and fury signifying Nothing!

Thanks Notpleb,

That article was May 2022 and since then they've complete the EPC Phase 1

Aeschylus- thanks for highlighting.

Yes MB say " all of the herders with registered pasture within the area have been spoken to by us......and they realise its going to happen ...so they've agreed to relocate and "we "( correction) the government can conclude the detials......."

Is suspect the reason MB has done this Bloomberg interview may be to use it as a PR means of pushing the formalities over the local signatures line since it’s very publicly setting out the direction of travel and backing PM have from central government and how much we have and will continue to engage with local level

The best bit:-

"Уул уурхайн үйл ажиллагаа бэлчээрт нь нөлөөлж байгаа бүх малчинтай манай компани болон холбогдох зохицуулах байгууллагаас холбогдсон. Бүгд бидэнтэй санал нэгдэж байгаа. Бүгдээрээ нөхөн төлбөр юм уу шинэ бэлчээр авах тал дээр зөвшөөрсөн. Засгийн газартай шаардлагатай зохицуулалтын дагуух"

"Our company and relevant regulatory bodies have contacted all herders whose pastures are affected by mining activities. Everyone agrees with us. All agreed on compensation or new pastures. As per necessary arrangements with Govt"