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Well, there are new cases in China every day, but they are few in number.
Less than .006% of China's population has caught the virus, but it was extremely rapidly. The number of active cases per day has decreased as rapidly as it had increased at the beginning of the year! Really, you should see the graph.. it looks like this: ^
At 1,800 current cases in the US, we are an extremely long ways off of it growing to affect .006% of our population (18,000 cases). And that's the worst case scenario if we contain it as poorly as they did.. 18,000 cases!
My guess is that we in the next few weeks also hit a plateau in daily new cases accompanied with a decline in active cases every day.. just like China is experiencing.
The downhill slope is there, and its coming to a country near you.
Thank you, Ibow. Looking excellent indeed.
I’m sorry.. I just don’t appreciate you ragging on people here trying to be helpful.
I love this board... can’t you tell? Who are you calling sore?
Out of all the things you could complain about, you choose the information being spooned into your griping mouth?
I don’t like the delays either, but this board allows for us to help each other in understanding why there are delays, for one; and secondly, when delays are removed out of the way, we are able to point it out see the progression made.
As we’ve followed the narrative, the answers to these questions just so happen to provide us more confidence.. we are so lucky that is the case. SO many barriers have been laid waste, when just ONE of them could have spoiled the whole plan or added years to this coming to fruition..
Like you said, we know what we own. Without the development of this story, would any still be invested?
Maybe you’re just having a bad night... and yourself along with the rest of may have a lot of problems, but this board is not one of them.
Really...?
Great recovery for the impenetrable MIRAGE!
Great point. Can't wait!
My interpretation of "10 days" is as good as the next guys.
If he meant business days, then that would be by Thursday of this coming week, the 19th.
The 19th would actually line up perfectly with what Romo had said just one day before AMLO gave his "10 day window". Romo basically said "We will present the plans to the president and he will decide on a date. I'm not sure which date he will choose, but I would imagine in 2 - 2 1/2 weeks." A full 2 1/2 weeks would be the 20th.
I still have my eyes set on the beginning of next week because every single person AMLO said he needed to meet with during the 10 day window has been completed. Arturo and Romo have both confirmed the plan is "ready". Nothing else left to be done except get past this ABM conference and announce it.
Tradingformyfuture - Good post, thanks for the info.
Arturo and AMLO will be tied up with the ABM conference starting this evening and through tomorrow end of day.
Acapulco is where the ABM conference is. It’s a 5 hour drive or a 55 minute flight from Mexico City. We would’ve liked for the announcement to have been this morning, but it is no wonder they couldn’t pull it off. Arturo has 2 20 minute keynotes to present between tonight and tomorrow, and AMLO a 30 minute closure to the conference tomorrow. These presentations are crucial to the confidence of the private sector.
I’m sure we will have some good takeaways over the next 48 hours. Perhaps even a scheduled date from AMLO to rest our heads on over the weekend. My bet is these guys work on it over the weekend and present it on Monday, Tuesday at the latest. Monday will be the 11th day from when AMLO said “within 10 days”. Again, perhaps he was getting at immediately following the ABM conference.
Monday was the first time we heard the words "The National Infrastructure Plan is ready". Yesterday, Arturo affirmed the same. These are great words we have waited a long time to hear. Keep the faith. We are at the doors.
Updates: 2 Articles from Today
FOOTNOTES:
Article 1: Alfonso is onto "Plan B" which is the same previous need for investment. JUST MUCH MORE URGENT!
Article 2: Arturo affirmed yesterday, as did Romo on Monday, that the infrastructure plan is ready. Arturo said it will be presented next week. Keep in mind.. The beginning of next week still falls in line with AMLO's promise to present it "within 10 days". Perhaps he had it in mind to present it after the ABM conference tonight/tomorrow when he said it.
________________________________________________________________________
Romo "Plan B" in Spending and Investments
3/12 Mexico City
The head of the Office of the Presidency, Alfonso Romo, warned that Mexico is in an emergency in the face of the coronavirus pandemic and its economic effects, so it outlined a plan B with adjustments to spending and "more aggressiveness" to attract investment.
He also called to take things slow and take advantage of the country's opportunities as a natural destination for investments currently concentrated in China.
During the installation of the working group for the implementation of the 2030 Agenda in the Chamber of Deputies, the official pointed out: “Here, the Legislative Branch, the Executive, everyone, we have to pull evenly, and more so today that we are in an emergency; Today this country is in emergency, the world is very complicated and we do not control that. The coronavirus and the price of oil, we don't control that; what we do control is an effective implementation of a National Development Plan that is tied to these objectives and with an adequate budget. ”
Romo stressed that the economic cabinet is focused on analyzing how long the current situation will last and what its impact will be, but above all on positioning Mexico as the investment destination for producers established today in China.
"All those who have problems with China are turning to see Mexico," he said, noting that the country is a natural destination for investments after the T-MEC agreement with the United States and Canada.
The head of the Office of the Presidency indicated that the federal government has "plans B, C, D and even Z", but reaffirmed: "(In) plan B, among all, there must be an adjustment in spending and it has than to be more aggressive in investment, because what this country needs is more investment and what the world has is plenty of money and then, for me, plan B is more investment and plan C is also more investment ”.
https://www.milenio.com/politica/perfila-romo-plan-b-en-gasto-e-inversiones
______________________________________________________________________
Treasury prepares to face coronavirus pandemic
3/11 @ 11pm
Arturo Herrera, Secretary of the Treasury, indicated the measures that his dependency will take to give a boost to the economy due to the effects of the coronavirus.
MEXICO.- After the World Health Organization (WHO) declared the coronavirus a pandemic, the Ministry of Finance assured that it is preparing to face a larger outbreak of cases in Mexico in the coming weeks, as there will be economic sectors affected.
In an interview with Carlos Puig for MILENIO TELEVISIÓN, the Secretary of the Treasury, Arturo Herrera, explained that, given the experience with H1N1 influenza, there is a lot of clarity about what is going to happen and that gives a very specific luxury, because unlike What is happening to Italians or some countries in Europe, where they are making policy decisions at the moment they are facing the health crisis, in Mexico the trajectory of the epidemic is already known.
“We know that we are going to reach a similar situation in a few weeks and it allows us to prepare in advance, when we reach one of the most advanced phases, surely some sectors of the economy will decrease their activity, what we are doing now is give a boost to the economy, "he said.
In this sense, the secretary detailed, there are four measures that are already underway: the advancement of public spending with the tenders for 2020 started from autumn 2019; application of funds to co-invest with the states; advance of concessions that have private resources; and the energy infrastructure plan that will be presented next week and that will provide clarity on private investment in the sector.
When asked how long it will be evaluated if the Ministry of Finance will have to take more measures to face the effects of the coronavirus pandemic, the official replied that this is being evaluated every day.
"We are running our models and our estimates from the epidemiological models of the Ministry of Health, we met with her and we told her: tell us how you expect the behavior of the disease to be and the measures you are going to take in each of these stages, and we are going to estimate the effects that it is going to have in the economy and from there we are preparing various policies and actions ”, he explained.
In this context, the head of the Treasury stated that, regardless of where the disease is moving and the effect it is having on the economy, the secretariat will have prepared response points from now on.
https://mty.telediario.mx/nacional/hacienda-se-prepara-para-enfrentar-pandemia-del-coronavirus
The note WILL NOT hit until the 10Q is filed.
The text from Tradingformyfuture for those w/o subscription:
Exclusive: Mexico to Invite Oil and Gas Investment, No Auctions for Now
By Reuters
March 11, 2020
ACAPULCO, Mexico — Mexico will soon invite private firms to invest in oil, gas and power projects to help the flagging economy, Finance Minister Arturo Herrera told Reuters on Wednesday, but said market conditions meant energy auctions were not on the cards for now.
Herrera said the government will unveil an energy plan that will detail where and how much private firms can invest.
"It's not just a general outline, we're going to tell them this project here, here and here, this amount and size is open to investment," Herrera said in an interview on the sidelines of a banking conference in the seaside resort city of Acapulco.
Under President Andres Manuel Lopez Obrador, Mexico has pursued a more statist approach to the energy sector, but some members of his administration believe attracting more private capital is vital for lifting growth.
Central Standard.. So an hour behind Central Daylight Time.
I don't see AMLO's key note on the schedule.
Arturo will definitely hit on some things pertaining to phase 2 as he's a major role in the phase 2 presentation anyway.
Remember, when Phase 1 was announced, it was done during the morning conference at the National Palace. AMLO spoke very little compared to his cabinet members who handled the entire presentation. Arturo was 1 of 4 speakers and had a 11 minute piece.
Important info Regarding the ABM Annual Conference
- Starts, Thursday, 3/12 @ 6pm
- Ends Friday, 3/13, @ 4:15pm
- Secretary of Finance and counterpart to Alfonso Romo, Arturo Herrera, is scheduled to speak for two 20 minute sessions (one each day).
- AMLO is scheduled to give the closing statements on Friday, March 13th, @ 3:45pm for about half an hour.
ABM Conference Website:
https://www.abmcb.org/#convencion
My money is on the announcement being tomorrow during the morning conference. I am holding onto a small dose of reservations for my own sanity. Cheers,
I agree- most confident I’ve been for an announcement yet. Thanks to you and others for the expressed appreciation. Cheers to Mirage!
Source #2 for TOMORROW!
- Italics are my notes -
"CFE bond issue gives clues to soon-to-be-announced energy infra bonanza"
Last year’s cancelled energy auctions rattled nerves in the Mexican private renewables sector, which have only grown more fragile amid recent signs that the government is working to use regulation to squeeze the private sector out of the generation business.
Hopes are on the rebound, however, ahead of what looks to be a massive public-private energy infrastructure program possibly coming as a keynote announcement from the president at the Mexican banking association’s (ABM) annual convention on March 12-13 in Acapulco.
The event is regularly the largest annual gathering of the private sector in Mexico and typically serves as a podium for the president to present his top public-private initiatives for the year. (AMLO, remember your meeting with Romo Monday night. Give them confidence!)
This tracks with AMLO’s comments on Thursday, when he said the package would be announced in the next 10 days after consultation with some energy sector players, including Pemex, CFE, energy minister Rocío Nahle and chief of staff Alfonso Romo (AMLO’s private sector envoy). (Check, check, & check!)
That energy plan is expected to dovetail with the private sector’s own soon-to-be-announced energy infra package – a coordinated 1.79tn-peso (US$88.9bn) spend on some 275 projects rolled out between 2020 to 2024 and encompassing everything from electricity generation, storage and transmission to O&G exploration and production, according to a document leaked to and reported by Reuters on Wednesday.(Nahle & Bartlet are defeated. Delays are over!)
The projects in the document were reportedly the product of discussions between Mexican business association CCE and dozens of energy companies, including Royal Dutch Shell PLC, Mexico's IEnova, France's Engie and Italy's Enel. (AND Mirage Energy)
¿mañana? :
This is our second source that suggests tomorrow. As you read, remember that there is no greater advocate for private foreign investment than Alfonso Romo. The adversaries that have been holding this thing back are Rocio Nahle and Manuel Bartlet.. But even they over recent few weeks have shown themselves being defeated.. surrendering their failed fight to keep oil operations state owned. I believe PEMEX's horrendous 4th quarter results released last week and the fall in oil on Sunday were the final blows. Now, let us see to whom the President goes to as urgency is escalated in the crisis hour:
___________________________________________________________________
The Plan that AMLO prepares for the economic contingency
The President held a long meeting with his Secretaries of the Treasury, Arturo Herrera, and of the economy, Graciela Marzuez, on Monday night at the National Palace
On Monday night, already with the news in tow of the collapse of the price of oil and the world economic impact produced by the measures to contain the contagion of the coronavirus, with the consequent collapse of the stock exchanges, including the Mexican, and the strong depreciation of the peso against the dollar, AMLO held a long meeting with its secretaries of Finance, Arturo Herrera, and Economy, Graciela Marquez.
It was in the library of the National Palace and started after eight at night. The two officials made specific proposals, the result of an analysis carried out during the last weeks by El Colegio de Mexico, an institution from which both are graduates.
Witnesses to the meeting saw a relaxed, receptive President. He took notes and questioned about the viability of the aforementioned plan.. which was based on ten axes:
1. Tax incentives
2. More effective tax collection
3. Energy Plan
4. Immediate increase in the investment of health, basic, social and technological infrastructure
5. Boost to domestic tourism
6. Strengthening of the manufacturing industry
7. Expansion of construction spending
8. Shielding distribution channels to ensure commercial logistics
9. Facilitate and expedite government purchases, mainly in medicine
10. Send to the investors signs of confidence with a clear change of narrative of the president.
The trio said goodbye after ten at night.
SNAPSHOTS:
1. OIL INVESTMENTS. Sources from the economic cabinet coordinated by Alfonso Romo from the presidency, assure that the investment plan for the energy sector is ready with similar mechanisms - although probably with different names - to those of farmouts and oil rounds. It remains to define the date and stage of presentation. One could be the Banking Convention that will start tomorrow in Acapulco.
__________________________________________________________________
Full article here:
https://www.eluniversal.com.mx/opinion/raul-rodriguez-cortes/el-plan-que-prepara-amlo-ante-la-contingencia-economica
Jetfan, unofficial - we know last Thursday morning AMLO said “within 10 days” he would present the plan. Yesterday, Carlos Salazar Lomelin stated it would be announced in no more than two weeks. Salazar is probably overcompensating to be safe, as you can imagine. The delays are not good. Hopefully AMLO stays true to his word and delivers by Friday, or the very start of next week. At this point, I think it’s very possible AMLO avoids scheduling a specific date ahead of time because of how urgent everything is. I can see him announcing it the moment it is ready.
Also, it’s worth noting, when AMLO announced phase 1, no specific companies were mentioned. It likely will be the same here.. More of an overview of the objectives. Ward will be free at this point to release news and Mexico will have the specific project details uploaded into the National Infrastructure Plan database which is accessible to the public.
Need4speed, are you fluent espanol?
In this 1 minute and 26 second clip from this morning, he is speaking about “the event” that is being prepared. Does it seem to flat out express or at least insinuate this week?
https://aristeguinoticias.com/1003/multimedia/alista-gobierno-federal-anuncio-de-proyectos-energeticos-con-la-ip-lopez-obrador-enterate/
haha touche
Jackpot, with regards to 2017 prices in the $2 range..
I really think absolute worst-case scenario, Mirage is bringing in $1 billion annually from these projects. With much larger fish undoubtedly placing a high price tag on Mirage; we will see $7 / share easily with a buy out.
Good stuff. I’m buying.
Cheers,
What are you talking about? How did I bother you so much?
I'm done here. Thanks
Do I owe you a story?
Your seeming obsession over me is weird to say the least.
Fade, which market forces?
• higher than anticipated yield
• traceable product
• booming market
• farmers opting for stock
• emphasis on CBG
Does anyone know why the number of projects for phase 2 increased from 137 to 275? And that, all the while reducing the the total estimated cost down from $100 billion to $92 billion?
Because he spoke with Andrew and reported him to be optimistic?
Don't be sorry.. I made out just fine.
LOL are you kidding me?
Keep in mind, he will not file until news is released. You're better off opening a new account that will let you buy in now.. In my strong opinion!
Once news is released, I will empty my pockets.
Limit order will be placed for about 2x the PPS and I'll try to catch it on the way up... I wouldn't be shocked if it still blows right past me.
No idea man. If anybody does, it would be you.
You and Tigerpac have said enough to drive me away.
Good luck
I bought shares in the single digits today...
The president of Mexico is looking at a document containing 275 energy projects. His eyes are reading this very name, “Mirage Energy”.
The president sees it, we believe it, and the world is asleep about it.. Meanwhile, I’m buying shares in the pennies.
Great point.
AMLO IS REVIEWING THE PROJECTS TODAY!!!!!!!!
This is the final stretch!!!
AMLO will hold meeting with Growth Cabinet
Sarahi Uribe and Gabriel Xantomila
3/5/2020
President Andrés Manuel López Obrador announced that he will meet today with the coordinator of the Growth Cabinet, Alfonso Romo, and with Octavio Romero, general director of Pemex.
He added that the meeting is also attended by the secretary of energy, Rocío Nahle and the general director of the Federal Electricity Commission Manuel Bartlett, to analyze the energy sector projects that will be carried out with the Private Initiative.
In that regard, he reiterated that companies that have judicial problems will not be hired.
The companies that participate will be investigated by the Financial Intelligence Unit
https://www.elsoldemexico.com.mx/mexico/politica/sigue-la-agenda-de-amlo-este-5-de-marzo-4927248.html
Everything looks very good.
Myself and others have compiled some great info. Will share with the board this afternoon.
Cheers
Have a good one, IBOW.
Can you share the actual text? I don’t have access.