GoM Mindset? Prehaps this interview last August points to where we're at with Phase 2.
"There are conditions in the Rio Tinto’s loan term-sheet that our side cannot accept in any circumstances, and also contradicts with the Investment Agreement."
"Let’s work as if there aren’t any second phase for OT. Perhaps, the ceasing of the second phase is a chance for us to seek a different solution."
https://www.business-mongolia.com/mongolia/2013/08/30/ot-llc-board-member-p-tsagaan-shouldnt-make-a-wave-on-the-boat-were-on/
I predict the Sept. 30th financing deadline won't be met as little appears to have been accomplished on the GoM's 100 day legislative plan. However, we are left with a relatively debt free, cash flow positive, operational mine.