Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
I've waited 6 years for this drill to happen. This is why I bought in.
Maybe a little longer to wait for tender announcements
some are still not finished, https://mrpam.gov.mn/news/2492/
It's not quite the end of the month yet there's another 2 trading days, maybe LP down to the wire like most things in Mongolia nothing rushed. GLA
There s a discussion on about another oil company other than petrochina on the eco warriors page for anyone interested couple of hours ago. GLA
I think LP and new exploration sites will come in together just not sure how price sensitive the new sites are compared to LP but will wait and see as you say GL
I'd like to think so to master but I personally think it'll be the end of the month possibly beginning Feb as it appears nothing in Mongolia seems to happen fast. GLA
Some more light reading while we wait. GLA
https://landportal.org/book/narratives/2021/mongolia
Maybe their risk factor isn't like some longer term holders. GLA
Maybe end of the month as 1 to 3 month from October. On January 20, 2023, the results of the technical proposals submitted by the enterprises participating in the selection process for the special license for mineral exploration No. SH-64-4 announced by the Minerals and Petroleum Department on December 14, 2022 will be published in the electronic system of acquisition.
Department of Minerals and Petroleum
Money is being spent well I think, was this tender round included in the spends of the cash we have left from the last raise, going to through this out there so here goes, what would be the possibility of a cash raise if the LP is the catalyst for growth? You know, throw in the bad news with the good to soften the blow. I know they say they have enough but do you think the main shareholder may step up again if that was the case?
Just a little something while we wait https://dblaw.mn/mongolia-digitalized-the-minerals-license-tendering-and-issuance-process/
Found this if it helps https://www.tender.gov.mn/news/result/?year=2023&tenderCode=undefined&page=1&perpage=100&sortField=&sortOrder=&get=1
When I click on the three lines top right, a pop up takes me to three more links, licences and spacial areas, and then get stopped there I was just curious cheers, thumbs up emoji :+))
I don't have a computer but can anyone find there way around this link my phone screen isn't big enough to load it all thanx in advance GLA
https://cmcs.mrpam.gov.mn/CMCS#
Hopefully tender results published soon
https://www.tender.gov.mn/en/mineral/results
Within the scope of the selection process approved by Government Resolution No. 243 dated August 8, 2018, within the scope of the special exploration license area, approved by Order No. A/67 dated April 12, 2022 of the Minister of Mining and Heavy Industry, October 28, 2022 According to the "Licensing Selection Procedure" as amended by Order No. A/275 of announced a selection process for licensing. Of these, 50 (64-1, 64-2) plots have been evaluated for price and technical proposals. 25 (64-3) fields are open for bids and evaluation of technical proposals is underway.
Department of Minerals and Petroleum
Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related. MG portion is whatever the PSC agreement is plus royalties. The next operational update RNS I would have thought will elaborate. I anticipate we will know all by end of January "hopefully. GLA
Master82, why would PC be paying someone to halt PMs advancement to production? They have signed a MOU to use there facilities and PC also gave us access to there data, doesn't make sense if that is true?? GLA
Article 21. Issuing the results of the selection process
21.1. The state administrative organization shall evaluate the contractor according to the selection procedure and select the customer who has submitted the most advantageous offer to the government as the winner based on the basic conditions specified in Article 17.3 of this law and inform the participants of the selection process.
21.2. The state administrative body shall negotiate a draft product sharing agreement with the winner of the selection process specified in Article 21.1 of this Law, and in the event of a decision provided in Article 17.5 of this Law, enter into a product sharing agreement in accordance with Article 17.6 of this Law