I feel for those that have been stuck in a holding pattern for a...

I feel for those that have been stuck in a holding pattern for a number of years (or a decade for some), as it appears the company navigated the foreign ownership issues and then COVID hit, delaying community engagement.

From the company announcements Mr Tserenpuntsag was brought in as the major shareholder to address the foreign ownership issues that were delaying permitting. Although longer than planned, it appears key permits have been granted (if anyone knows of any permits outstanding can you please say so). Below was taken from the Chairman's address in 29 Nov 2019. It appears that COVID then slowed everything down.



An old Pattersons report at the time that control transferred to Mr Tserenpuntsag indicated that the control change may bring some favourable debt funding options including a possible infrastructure funding package.

Mining is the single biggest industry. 90% of exports come from mining.

As a side I saw a dubbed fictional Mongolian film last year that was based on a kid getting on Mongolia's Got Talent. The sub story that ran through the movie was of some illegal Chinese miners destroying the countryside. Given the Mongolian Government helped fund the movie, I'd say there are some raw issues over poor mining in the past. The high standards of an ASX listed miner I'd see as a positive for the industry and it's perceptions by locals. GLTAH