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I will try to explain simply -
- Mata Sum have legal priority - 2017 Land Law.
- They were against development BEFORE so Local Dornod governor act for them because they give him permission for legal action.
NOW
- Mata Sum herders have accepted compensation & Mata will get "royalties" also from Operations.
- Mata Sum have given permission to Petro Matad for Block XX Operations. Local governor have NO legal rights now to stop this.
When company say they "remain vigilant" if course he can try to convince Mata Sum not to agree but process already agreed even when they know he against.
Why the SP drop after 34% rise on RNS? If you read comments on BB very easy to understand confusion from those who have not research Land Law and do not understand Mata Sum decision have PRIORITY over local governor feelings - this is why he try to delay Plan B Special Certification which we do NOT need for Operation start (I do not trust mr Professional on this point LOL)!
Now we understand Mata Sum have legal priority and Local governor cannot 'legally' interfere.
When we understand this we also maybe understand timeframe for getting official Land User Agreement from Local Sum - this is not Cabinet level document or Dornod level document where local governor try to block.
This is local Sum where Agreement will already be known for them to vote on & now just official stamp.
I go to point about SSPL and why this is NOT needed (it is helpful to have because of level - Project of National Importance).
From RNS (not anonymous poster looking to trade lol) -
"The Company has had its application for land access for 2024 operations approved by Matad District Committee. A Land User Agreement is now being prepared which, once signed, WILL ALLOW 2024 OPERATIONS TO GO AHEAD"
Understand this is seperate way from SSPL to same end - Yes?
Also - "The approval means that the LAND USE AGREEMENT can now be prepared & signed by the District authorities (Mata Sum) and by the Company and it will Allow our planned activities to go ahead WHILST the Special Purpose Certification is completed"
"The Company is now stepping up the planning of Operations.......further Operational updates will be provided" etc
Think a lot of issue come from BB posters who do not understand Local Mata Agreement & SSPL are two separate ways (Plan A & Plan B).for same end - some deliberate dishonest posters (and proven liars) whobtry to mislead for own trading purpose AND confusion over Legal Authority & timeframe for LOCAL DOCUMENT STAMP compare to Centrl / Provincial level Govt processes.
Hope that help - focus on Investment π¦
We are looking at DAYS not weeks! π¦
I see explanation was NOT clear enough for some - or maybe too clear!
Take emotion & BB nonsense away - focus on Investment / checkable intel / Legal positions! π¦
The activists have taken it to the independent corruption body. Not court.
THEY have no legs to stand on.
Wise owl, good point made on having a Plan A via governor sign off and the Plan B option. lets hope they have booked the workover team for May.
The snows and Ice is starting to melt on Mongolia, a truism and a metaphor.
I wonder what on earth argument they put forward Master? As we know a lot of the delay has been because of the insistence of doing things legally (and bureaucratically) correctly "by the book" !
There is no legal argument they can use / there is no corruption argument - this is protestor really saying they have nothing else! π¦
What would be expected from the next RNS?
A 2 week workover? or LP?
Both?
There is no legal argument they can use / there is no corruption argument.
Well they obviously wrote something!
I do believe the company has bent over backwards to do things properly but I'd still like to know what was written. I'm presuming it wasn't just "its not fair" 20 times
Company have ACCEPTED and are PREPARING for Operational start so next RNS should be Land Use Agreement dual signature (Petro Matad & Mata Sum) in next few days.
Company will be getting start timeline from contractors and will update market on this with full Operational RNS after imo.
DQE JV completion also due as part of this.
π¦
And again WOS.
Another certified Gem of a post.
The Local Governor has no legal authority to change or block the recently passed Local land access and use agreement.
Every day this investment appears to get better and better.
Hold, buy when able, and wait.
Mr Aeschylus - for months they write they will expose corrupt ones who sell the land of the people etc.
I'm all this time they do not expose anyone .
Who will they name? Mata citizen committee members? Remember decision made by Committee not individual
π¦
Mr Professional - post 08:26!
π¦
Posts 06:01 / 06:25
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WOS yes they keep threatening, but according to Masters they have actually submitted something formally.
Just saying I would like to know what they have said and who they have accused. I don't do willful blindness.
Mr Aeschylus - I understand. Just explaining Legal position on company side & corruption issue does not have base because Committee decision.
They can submitt something and nothing can stop them but explaining why it cannot have any ground.
Mr Professional - maybe your IP intel if all posters will tell if I did buy more shares or not π
Enough chat - Info all there to make INTEL based investment decision π¦
Last para!! Interpret as appropriate.
https://iaac-mn.translate.goog/post/153321?_x_tr_sl=mn&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
"Last week's RNS was just more can-kicking"
No it wasn't. Heron is good to go. Land access agreed by local committee by democratic and proper vote.
Good find Notpleb, although that particular find relates to The Governor of Gurvanzagal Sum in Dornod Province and not Matad Sum, thankfully!
Aeschylus - Lagueuleβs argument might be that Heron is still not good to go, at least not until the paperwork is prepared and signed.
WOS, I'm reasonably confident that we will get lp, but are not 100% certain. But as to when we get this long deluded lp, only God knows! As you are constantly bla bla bla ... when would it be unacceptable to carry on as we are? Not get the final signature to the lp? 1 week? 1 month? How long is unacceptable? I have asked you this before, but you chose to ignore my question.
Demand is massive . Can offload 2m shares in 1 go.
Hold your shares this is going up and up.
Master, you are absolutely right. I have just tested myself
You can sell millions and no limit.
Mr Master
I have been building up my holding level for all reason mention - you are correct Market will take 1M share for 3.128p!
Mr Rookie - read posts 06:01 & 06:25 from today. Take this answer or leave it!
Be Wise & focus on Investment π¦