P.Ochirbat, the first president of Mongolia: Economy is set to be dependant only on one factor and making it weary.

Posted by Amarsanaa On January - 23 - 2009

P.Ochirbat: Once we stated 34% in the law, we have to follow the law. Actually, it is not good to promise or acquire 34% when we don’t have money at all, especially in this time of crisis and recession. 34% is about a billion US$. We should spend this money on infrastructure and other industries. But we are all about to give away everything we have on mining industry like a placing bet. This means we are making our economy vulnerable and wearing off the immune of our economy. Our economy can’t be in crisis or slump when gold or copper price slumps.

N.Dashzeveg: We should use Erdenet case, where we acquired 34% without spending a single coin.
34% is small number for Mongolians. Mongolian Government claim 34% if copper price is lower than 2500 US$. But it if it is higher than 3500 US$, we should own 51%. In this case we don’t need to impose windfall tax on it.

I have my opinion to follow Erdenet case to acquire 51% without paying single coin. There is a market rule that if one owns 34%, he or she can’t get dividend, but instead, if one own higher than 51%, he or she will get dividend. Also we are talking about establishing international company, if we own 34%, we will lose the chance of establishing it.

Government, Mining

6 Responses to “P.Ochirbat, the first president of Mongolia: Economy is set to be dependant only on one factor and making it weary.”

Stanley David. says:

January 25, 2009 at 6:13 pm

Dear Sir,

We are direct providers of Fresh Cut BG, SBLC, MTN, Bonds and CDs which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as sethforth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable. Find below our terms and procedures:

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: Eur/Usd 10M MIN and Eur/Usd 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA..
4. Age: One Year, One Day
5. Leasing Price: 8% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor/lessee side
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8. Hard Copy: Bonded Courier within 7 banking days.

PROCEDURE:

1. Lessor and Lessee execute, sign and initial this Deed of Agreement, which thereby automatically becomes a full commercial recourse contract.

2. Within 3 days after both parties sign the Agreement, Lessor will issue a signed and sealed Corporate Refund Recourse Undertaking to the Lessee guarantying to refund Lessee all the cost incurred by lessee for the bank transmission charges,if lessor bank fail to deliver swift MT-760 to lessee bank.

3. Within 3 working days after Lessee receives Lessor’s signed and sealed Corporate Refund Recourse Undertaking, Lessee will make payment by wire transfer into the Lessor’s bank account for the bank transmission charges for the BG/SBLC MT760 swift transmission to Lessee’s bank account.

4. Within Three (3) banking days after confirmation of receipt of payment of the bank transmission charges for the BG/SBLC MT760 swift in Lessor’s bank account, the Lessor will deliver the BG/SBLC via bank confirmation of swift BG/SBLC MT760 to the Lessee’s bankers including the hard copy of the BG/SBLC via bank bonded courier in Seven (7) banking days.

5. Lessee pays Lessor the leasing fee and the brokers their commission fees not later than 7 banking days after the BG/SBLC hard copy is received and confirmed at lessee’s bank. Should Lessee default to pay the leasing fees to the lessor and the brokers commission fees as agreed after 7 banking days of confirmation of BG/SBLC MT760 in lessee’s bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee’s bankers to return the BG/SBLC MT760 to the issuing Bank.

All relevant business information will be provided upon request.
If you are interested please contact me so that i will give you the direct contact information of the owner of the instruments

Regards,

Mr. Stanley David.

stanley.david225@yahoo.co.uk
HASN says:

March 15, 2009 at 12:06 pm

Dear Mr david,

Please send me your procedure and Loi, as i am intrested in leasing Bg.

Thanks
Hasn
edmond Walcot says:

March 27, 2009 at 8:06 am

I represent a financial Institution that providers Financial Instruments basically for lease. No Chauffer driven offers nor broker chain. We strictly adhere to a timely delivery operation as Seth forth in our agreement. We give reasonable conditions that are still negotiable.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG), Standby letter of credit (SBLC), Medium term Note(MTN)
2. Total Face Value: 10M USD minimum & 2B USD Maximum.
3. Issuing Bank:Top 25 Western European Banks S & P rated AA or better with normal exclusions
4. Age: SEASONED CONTRACT AMOUNT: Two(2) Billion United States Dollars ($2,000,000,000 USD) with rolls and extensions FIRST TRANCHE: Ten(10) Million United States Dollars ($10,000,000 USD) daily or as mutually agreed. INVOICE PRICE: % (7.5%) of face value COMMISSIONS: Two percent (2%) of face value of each and every bank instrument transacted (one half buy side one half sell side) DENOMINATIONS: United States Dollars One (1)M and Two (2)M or as agreed.
5. PAYMENT: SWIFT Wire Transfer
6. Delivery SWIFT TO SWIFT.
8. Hard Copy: Bonded Courier within 7 banking days.

Broader information will be divulge upon request.
Interested and serious clients should contact us immediately by Email:- bg.sblc4lease@gmail.com

Best Regards,
Edmond Walcot
For:BUSINESS FINANCE SOLUTION
mikebenson says:

March 28, 2009 at 12:23 pm

ANYONE INTERESTED TO BUY SBLC @ 60+2 AND FC BG @ 60+2 CONTACT ME AT mikebensono@yahoo.ca
Justin Cook says:

September 29, 2009 at 12:51 am

Attn:

We are direct providers of Fresh Cut BG, SBLC, MTN, Bonds and CDs which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as setforth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable. Find below our terms.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Cut BG, SBLC, MTN, Bonds and CDs
2. Total Face Value: Eur 10M MIN and Eur 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC, AA rated Bank in Western Europe.
4. Leasing Price: 6% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor/lessee side
5. Delivery SWIFT TO SWIFT.
6. Payment: Wire Transfer.
7. Hard Copy: Bonded Courier within 7 banking days.

Get back to me if you are interested so I will send to you the Procedures.

justin_inc@ymail.com

Justin Cook
mavrick says:

November 30, 2009 at 1:55 am

I am seeking direct owners of financial instruments / cash
for private placement programs
10m and up 40 week
reply off board for more information

mavrick411@yahoo.com