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Do not dismiss header so quickly!
First Gossip brothers have been busy as usual. Up to reader of BB to decide how they benefit knowledge of investment or BB.
Back to investment & very important to understand Central Govt position for investor who look at investment for more then just RNS and move to double figure SP. Remember BIG change with this Govt who mostly foreign education / very PRO business.
Understand Petro Matad position as well which they see as foreign listed / Mongolian company. Then comments from mr Mike Buck and Isle of Man meeting make more sense
Yesterday Govt Consultation Meeting with Private Sector
Please read because does show lot of Govt direction - mongolia.gov.mn/news/view/26850
Prime Minister talk about legal reforms, economy and full focus to help foreign investment.
"Let's change the perspective of private enterprises. We will provide the necessary political support. It is time for Mongolian companies to expand their business in the International market, invest abroad and jointly implement MAJOR NATIONAL MEGA PROJECTS"
Then he talk about private sector cooperation with China also.
Mr Mike Buck speak about foreign JV partnerships. We have important people from MRPAM/MMHI & Mongol Ambassador fly to Isle of Mann IN PERSON for meeting. SunSteppe JV set up in global largest potential market for Renewable energy. China already say will look to invest capex to import energy & SunSteppe say they havecsain goal to export to China
Petro Matad as foreign listed Mongol company look like it position for IMPORTANT role in this.
Mkt cap now Ā£33M and yes understand what this means for mkt cap for triple figure SP & also understand how it happen.
Make own mind up. No one force anyone to accept this but one who is here to look at investment development longer term and not for 10-20p exit will maybe find this useful
Important thing for many holder & first point is final signature for land access & development of Heron / Block XX extension
When you understand Central Govt /MPRAM / MMHI position then you know this will not be issue - WILL HAPPEN
My opinion and always say no insider knowledge is will happen any day now. I give reason & support link WHY. Agree or not but my logic I give.
Mr Thorgasson, Mr ShortShift and other sensible poster say - we know it coming, today, tomorrow or next month no problem because we know will unlock major RE-RATE of price.
Other run around BB and say -" you say this, he say that." What use is this talk for investor but just expose silliness
BUY or not but news WILL COME & massive UPGRADE of stock & valuation will happen.
Be Wise & focus on INVESTMENT š¦
EXACTLY sir which is main point
Signature WILL HAPPEN & PRODUCTION / REVENUE will UNLOCK full VALUE going forward š°
This is why opportunity such bargain at moment š¦
No RNS today. Dammit. But Hamm and WOS guaranteed the RNS by tomorrow. So tomorrow is going to be an amazing day.
If it come tomorrow it come. If not then no. Only child will try to make big issue & point finger for this like it is big thing.
Big thing is Investement logic, research & sensible discussion.
No one mention insider information just opinion with reason for adult reader of BB who base investment on OWN research.
This investment easy opportunity imo because just about BUYING, WAITING because RNS will come & value will unlock.
Simple thinking for all 18 year old + investor š¦
Researchandhold said //BP is like a stain on humanity , never mind this chat board!//
Give 'em a break doc - let them have until Monday.
It already looks silly BP.
Imagine how stupid it will look in 3 months.
Poor judgement?
Researchandhold said //BP is like a stain on humanity , never mind this chat board!//
And shame on LSE for allowing that post to remain after it was reported!
Hmmm.
I feared as much, still your choice and free speech and all that.
The only way this company is going to succeed is under new management.
Useless management does not have a clue on their legal rights. They have been passed around from one agency to next like a begger with a bowl.
When are they going to get legal advice and start legal action on whoever is holding back from signing the LP
Nothing to do with legal matters. All to do with corruption!
Petro Matad haven't paid the 'brown envelope' game and that might not have helped but I think in the longer term it's a positive.
They're dealing with the Mongolian Government on their terms and it appears to be working slowly.
I hope that Mr Bucks patient but persistent approach will ultimately prove the correct one. He and Petro Matad appear to be at the centre of things and plans going forward and that's very important.
There's Provincial resistance but he has the weight of Government and Legislation behind him and the company now and all power to him for that.
The delay surely cant be due to agreeing the compensation sums. I'm sure the company would be happy to pay a premium in order to get things moving!
So what IS causing the continued delay?
For all new guys. The delay is because MB started drilling without permit from local government and then to make matters worse he took the governor to court and lost.
So moral of the story is MB has dropped us in this sh t and he doesn't have a clue how to get out of this mess.
Get new management and start fresh with local government and we might get somewhere
Master, Iām confused. You say the problem is the MB to them to court. But you were just saying they should take legal action and do it again?
No MB is on half pay, so only doing half a job, last few years all the drills have been failures but found water. Research.
Doc. He now has it signed by cabinet. Before he had nothing to back him
Researchandhold said //BP is like a stain on humanity , never mind this chat board!//
WOS - you are sometimes keen to tell us what British Bulls say. What is their latest pronouncement?
Mr Master
This is madness when you say you want signature conclusion but to do this Petro Matad should take local govt to court
Do you know how long legal process might take? How much extra it would cost? How much more delay it will add?
Do you think this is better then waiting for local signature now Cabinet Approval for Special Certification pass, Herder compensation agreed & MRPAM dealing DIRECT with local govt on parallel approval path which most expect ANY day now but if a few week more who care.
You CANNOT be serious with your post about this sir!
I am glad Mr Mike Buck running company and NOT any BB posters.
Be Happy š¦
When local govt say few day ago "Agreement will be COMCLUDED with the owner of the SPECIAL PERMIT" & MRPAM letter for parallel process mention just over month ago then I keep confidence RNS will be release any day now.
Option is always there to sell & move to other investment. For me I will stick to my research without emotion getting in way šš¦
"...then I keep confidence RNS will be release any day now."
WOS - stop deramping. You said two weeks, so the RNS is due tomorrow, Monday at a stretch. Stop being so negative.
Doc: Thx for being such a positive spirit on this BB.
This is from Decision of the Meeting of Citizens Representatives - Approval of the Development Plan
Posted few hour ago on Dornod Govt website and maybe show you how local govt look at Oil operation now.
Take all intel including how protestors was throw out of recent meeting when before they were welcome
How local governor did say openly if Central Govt decide something he MUST OBEY directive. This is LAW from recent law change.
Page 65 of 114
"2. Increase the opportunity for local production and enterprises with PREFERRED treatment for MINING and OIL operations"
I am bored with Mr Doc & Mr BP now & think lot of real investor who want to share research are also.
Agree or not with research but who want sillly game for sillly poster who prefer gossip about each other over INTEL
Be happy & wise š¦
Correction - this is same document from 26th Oct 2023 but look like updated and have 114 pages now
It is same document that have reference to
"A CO-OPERATION AGREEMENT WILL BE CONCLUDED WITH THE OWNER OF THE SPECIAL PERMIT"
dornod.gov.mn/p/34
I think have VERY strong case to be confident of RNS shortly š¦