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Some seem to negotiate better I guess.
https://themarketherald-com-au.cdn.ampproject.org/c/s/themarketherald.com.au/talon-petroleum-asxtpd-to-earn-35pc-in-proposed-mongolian-cbm-project-2021-02-03/amp/
Been a while since I looked in.
Same people, same positions, same arguments.
Since Q3 last year Mongolian politics has been a difficult landscape to understand even for the more familiar. With last weeks events which were forecast for sometime it does leave Matad a little exposed to delays.
I do have some sympathy for Matad as this is complexed. However with the appointment of a new cabinet next week Matad need to quickly forge new relationships with the ministers appointed. If they waste time I expect no action this year.
This year is about being proactive, being in UB, being visible and getting down in the weeds. If Mike does not have the stomach for that I would suggest he resigns and Matad bring in a new guy.
Time is critical, the deliverables need a new focus, and unless Matad can put some real horse power behind that I expect 2021 to be another write off.
Jeee.
This is now a board devoted to discussions related to insects. Wow I see the board is making huge progress.
I will come back September when we have an EL.
And stop picking on Manro. His invite to his £1 party I believe is still extended.
Probably time to check back in here.
I said in Jan this year I banked on late August / early September before we would see any movement on the license. My intel still indicates this is correct.
See you all again in a few months.
Enjoy the board and the ego battles. They are amusing.
Do you remember in January this year when I told people on this Board we would see limited progress with the PM license and the usual suspects tried to rip me a new one ??
I have a whole humble pie available if the usual suspects would like their slice.
I expect no change until late August / September.
Not great news but this was on the cards at the beginning of Q1. As for Mr P’s assumption I am an analyst, that comment still makes me chuckle.
Keep your pecker up Manro !!
Until the mining minister and energy minister are aligned with the finance minister, it won’t reach the speaker who will then ensure it reaches the PMs desk.
The PM may be a little busy as he has this thing called an election to win which means our license is probably under a pile of a hundred different other matters.
If Mike and co can pull this out of the fire by the end of March this will be the equivalent of a major wildcat find in block 5 !!
All I can say from intel on the ground is things are hot in Dornod ahead of the election and the Cabinet appear to be difficult at present.
At the best of times matters are difficult in Mongolia so Matad have their work cut out. Let’s hope a sensible, and workable solution is reached by all stakeholders.
One question.
If everyone is clinging to Petro China likely to become a player of some sort, would their strategy and involvement be to take product straight across the border through their existing infrastructure ?
If so that may put at risk GoMs strategy to take product into their proposed new refinery, and may therefore create a conflict, in turn creating a blocker for Matad.
Chinese investment in Mongolia although welcome is one Mongolia may wish to seek diversification from.
Just my opinion.
Ojay
I note you are beginning to recognize the potential impact the imminent slow down of GoM may have on obtaining the required licenses prior to the election this year now MB has made reference to this.
You don’t have to be a political analyst to understand there is value to how this may work attached to several stakeholders who may be interested.
I would hope at the earliest the end of March may produce what Matad seek, but the closer this gets to June, it would not surprise me if this becomes undeliverable until late August / September.
As for Mr Ps last comment about being a political analyst. I still tell people as soon as they land in UB to look at their feet. What you expect or think may work in London, New York or Toronto mostly never works in Mongolia. So always look at your feet as that should be a good reminder not to expect similar deliverables to be delivered in a similar time or to a similar critical path.
The challenges are just different.
Persistent
What about the “reasonable” plans for 2018 and 2019 and the lack of delivery ?
Manro is simply stating that several deliverables have been missed which is a management failure. The board is the project manager, the project has missed significant key milestones, the board has failed several times. You simply cannot disagree with what has gone before, and yet you are buying into yet “another reasonable” plan ??
I am afraid Manro has clearly identified continued failures, and these are just the ones he knows about.
Do you really believe this is conducive in increasing shareholder confidence and value.
I think you may be suffering from optimism bias, which if you read about the condition normally means the person is suffering from believing anything they are told. I think you should see someone buddy !!
SimonP
I honestly wish I could tell you but I simply cannot. Maybe one day, and I am not evading your question, trying to be smart, or anything else.
Also as Mr P suggests not a political analyst.
Just someone very familiar with Mongolia sharing a view point, which I recognize all will not agree with.
Mr P.
I just guess people like oilfated, myself and others are just closer to want is actual and not fantasy in terms of what they wish to believe.
In terms of lots of votes being grabbed because Matad becomes visible, this will not even make a ripple.