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Block XX land access issue actively pursue through Special Certifucation & Land Law Amendment.
Special Certification under Project of National Importance with timeframe estimate for document preparation expect NOW.
Land Law Amendment about foreign investor land ownership and usage.
All know with or without Velociraptor will get many MULTIPLE rise with LP (and what if V1 hit with also V2 back up).
Up to individual to be IN or OUT and also for detail of land law amendment for Petro Matad.
Spring Session Great Hural close 10th July & Cabinet Meeting tomorrow ;)
Trader only work for themself and want you to sell while they Buy but remember
"The world is full of foolish gamblers and they will not do so well as the patient investors"
I do not get affect by anyone post or jump for little trade / little profit. I just build up holding because know investment have not change & rise will be MASSIVE.
Be Happy :)
Land Law amendment this week I believe ;)
Thank you WOS. Good work. Appreciated.
WOS - what’s Nadam and if 10th July is close of Great Hural Spring session when does it re-open so do you think this could delay LP
Yes if no news when does it re open?
Kicking around the LP between ministries was a GoM delaying tactic. Other delaying tactics are available.
One of the dorno minister has put this on his Facebook page .
This week is the last days of the spring session of the Parliament. Where is the conference? The draft law to be discussed on the last day is the draft "Investment Law" developed by the Ministry of Economy and Development. Today will be the Standing Committee of the Economy. Accompanying this law, the Land Law is being amended. With the single-sentence change, Mongolian land was granted to foreign enterprises for a period of 60+40=100 years. Now there are 5+5=10 years. Mongolian citizens are allowed to own land for 15-60 years, and most land orders are issued for 15 years. However, it does not conform to the principle of justice and national security policy to allow foreign citizens to use the land for 100 years without changing the 15-year ownership to the citizens of Mongolia. Such an investment policy is not appropriate. This is a LEGAL THEFT that takes advantage of the festival and when people are distracted❗️
Think cabinet meetings still go on, wasn't this the case last year?
Wos clever man now I see why you said LP before 12th July as land development will be preparing and submitting before this date
Fingers crossed
The Great Khural has 2 sessions: autumn and spring. The autumn session usually opens beginning of October.
SPC timeframe from the latest RNS ...
Conclusions
During 2022, the Company continued to make progress ... but remained frustrated in its efforts by the ongoing land access dispute. However, having made good progress with central government, the Company is confident that the land issue will be resolved during 2023.
I personally believe cabinet still meet outside of the two parliamentary sessions but not sure if they do this during Nadam (national holidays).
Masters... sounds like the investment law might be hotly debated then!
“ Wos clever man now I see why you said LP before 12th July”
Didn’t he say by the 9th July, “LATEST”?
Tick tock, tick tock…
Nadam is only the 11th to 13th July
CW Nadam has different dates in different states.
The mini local ones run throughout August
https://insightmongolia.com/guides/naadam-festival-ultimate-guide
"During the Naadam, Mongolians usually take an annual holiday for extended time-off to go on a 2-4 week road trip around the country. This is a great opportunity to experience different local Naadam festivals each year and provides much-needed support for the local communities."
Special Certification under Project of National Importance send out clear message to all (including other Mongol politician) that Land access will be granted.
It say this will be resolve at Cabinet level OR Great Hural level which mean it get granted.
This is why Land Law "will it get pass won't it get pass" by Great Hural is not issue.
Sometime have to think bigger then BB logic. Also after so long cannot believe some poster upset because 2 or 3 day out in timeline estimate.
I try to research & give useful information to investor. Use or not.
I have my large holding safe because know what is coming. Your money do what you want.
Special Certifucation / Land access about to be granted!
All journey in this life to find peace & harmony without corruption. Be Happy :)
Disingenous ramper says "Also after so long cannot believe some poster upset because 2 or 3 day out in timeline estimate."
You SAID 9th July AT THE LATEST.
Let's hope it does get granted before Khural closure this week or else we might be waiting until October ..not just a few days
Well having been invested here for several years and grown my holding WOS and C&C, I am hoping to take advantage of Nadam and visit Mongolia myself to get to know where I am invested. Just need the LP as running out of cash for my plane ticket and accommodation. Just put in a cheeky limit order at 3.6 just in case a slight drop with what money I have left.
GLA and have a great day.
Remember Cabinet level Special Certifucation route ;)
Be happy & thorough in research :)
If anyone ask I go out shopping. Is that okay? I have my share secure.
Be happy :)
So WOS you made an assumption that all would be sorted before the end of the Khural spring session then.
At least that clarifies the origins of that piece of mega research.
Shopping early this week ... enjoy.
It is now extremely doubtful that we’ll have the LP before V1 results. If V1 is a duster, IMO SP will fall to the last cash raise levels (2.5-3p). If you still think the LP will (eventually) arrive before you die, that’s probably the time to top up if so inclined.
LP by 9th July??? I think we all know that’s yet ANOTHER failed WOS prediction in the waiting.
Curious to paraphrase = ""/During 2022, the Company continued to make progress ... but remained frustrated in its efforts by the ongoing land access dispute. However, having made good progress with central government, the Company is confident that the land issue will be resolved during 2023 ""/ Realistically this could also mean upto end of December with the possibility of no production and another wasted year and then to top it off elections 2024. GLA
And if elections Jimi ... then will politicians will be mindful of needing to pander to populist sentiment to secure votes, over implementing unpopular financial decisions and legislative changes in favour of foreign investment? We know that there is a lot of anti foreign investment/extreme resource nationalist sentiment in Mongolia...
I am invested and sincerely hope this matter is sorted this year, indeed I hope WOSs assumption is right, but always eyes wide open, with no rose tinted glasses, as what can go wrong seems to be what does go wrong in the case if PM in my experience.