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I don't know about that but I know at least one of them was a multi millionaire from Mirage and is now somehow complaining and the other is demanding to know when a 5 cent stock is going to become 10 bucks ..SMH
Wait ..this also was super funny LOL!
$MRGE
That really cracked me up, haven't laughed so hard in a long time :)
$MRGE
Pepe which part of that was a scam?
Those guys are corrupt. Storage should come from Pemex.
Someone said Ward is going this week so we'll see
Jonsmile said the haircut guy was waiting to buy through Schwab so he hasn't been able to do that yet
I always wondered who did all of the big long island hairdos
Did you buy the million shares yesterday?
No mystery, concessions are the next step/hurdle. Those need to come from an entity in Mexico, not sure from who exactly, I think Pemex for the storage field. They failed to come through last time thus why the projects fell apart a few years ago.
At least we know Mirage has exclusive rights to all 3 projects that they signed the development agreement on. That was a huge step.
My understanding is they have a solid plan on obtaining the concessions but obviously nothing is guaranteed as we saw what happened the last time.
Great, as expected MRGE will be pink current soon
Yeah I wonder if that is what he is saying, he seems very knowledgeable about the situation
Natural gas could generate 50% savings in fuels for heavy transport
Currently, there are 96 service stations spread over 18 states of the Mexican Republic.
ELAM-FAW stated that the use of natural gas as a fuel for cargo transportation is a mandatory transition.
Yeshua Ordaz
Mexico City /06.16.2023 14:43:00
The use of natural gas as a fuel for heavy cargo transportation is gaining relevance due to environmental and economic factors, since it can mean savings of 50 percent, said the company that produces and distributes these vehicles, ELAM-FAW .
Ernesto del Blanco , general director of ELAM-FAW , said that the use of natural gas as fuel for cargo transportation is a forced transition towards new sources of sustainable energy.
“Different aspects cannot be left aside, especially those that have a direct impact on the environment. The benefits are many, if we side with a micro transport company or fleet company, they are reflected in less engine wear, therefore there are savings in maintenance and the vehicles remain on the road for longer”, he stated.
The manager said that in Mexico there are 96 service stations in 18 states and it is expected that by the end of 2023 this figure can increase by at least 13 percent.
"There are two types of use of natural gas: compressed (CNG) and liquefied (LNG), the main difference lies in the way they are stored and used. LNG is stored in liquid form at very low temperatures, which allows more energy storage in a smaller space. On the other hand, CNG is stored in a gaseous form at high pressure, which requires a larger storage space compared to LNG."
The company said natural gas prices tend to be more stable and less volatile than oil prices , providing greater predictability in fuel costs for heavy trucking fleet operators.
“ The use of gas as a fuel for the transport of heavy cargo has been supported by international organizations due to its environmental benefits, its contribution to energy diversification and its positive economic impact."
The executive added that the reduction of polluting emissions, the improvement of air quality, the security of supply and the development of infrastructure are some of the outstanding aspects, which is why Mexico should bet on this transition in fuels .
https://www.milenio.com/negocios/gas-natural-generar-ahorro-transporte-pesado
Exclusive: CFE evaluates investing in strategic gas storage in the United States and Mexico
In an interview with Bloomberg Línea, the CEO of the subsidiaries CFEnergía and CFE Internacional talks about the plans to store natural gas
By Arturo Solis
June 20, 2023 | 04:00 AM
Mexico City — The Federal Electricity Commission (CFE), the Mexican state energy company, is studying options to invest in strategic natural gas storage near the US-Mexico border.
In an interview with Bloomberg Línea, the director of Cenagas spoke about the energy policy on hydrocarbon storage and the supply of gas to the industrial parks of the Interoceanic Corridor
In an exclusive interview with Bloomberg Línea , the CEO of the fuel trading and supply subsidiaries CFEnergía and CFE Internacional, Miguel Reyes Hernández, revealed that the company is studying gas storage options in the border area between the two countries.
“We are evaluating whether it is convenient for us to have storage in the north of the country in the Tamaulipas area or in what would be south Texas,” he said.
The manager said that there are two reasons for implementing strategic gas storage projects: energy security and profitability, since the objective is to reduce the losses left by the administration of former president Enrique Peña Nieto with the "long position" and the excess capacity to transport US natural gas that CFE has through pipelines.
The purpose, Reyes explained, is to take advantage of natural gas storage options when it is cheap and take it out when the price is higher and generate profitability for CFE that "allows it to sustain the price of electricity over time."
Due to the high investments required by strategic storage projects, CFE contemplates the participation of private partners.
"The investment would be mostly private so that we participate as minority partners," said the manager.
Reyes said that the storage plan will be defined in the next six-year term, which will begin in September 2024, but the current CFE administration will leave it open for the next one to execute.
Strategic storage consists of an inventory of gas and/or oil reserves to supply them in the event of an emergency declaration. Mexico is a net importer of natural gas, mostly from the United States through pipelines, and uses it to generate 60% of the electricity the country demands.
The country has an inventory strategy of 45 billion cubic feet, but it is in limbo.
Abraham David Alipi Mena, director of the National Center for Natural Gas Control (Cenagas), said in a previous interview that the institution only works on national natural gas surface storage projects for operational purposes so that the gas pipeline system operates without interruptions.
In September 2022, the Government of President Andrés Manuel López Obrador, through the Secretary of Energy (Sener), resumed the policy of former President Enrique Peña Nieto on natural gas storage to use 10 depleted oil fields to store the hydrocarbon.
With Peña Nieto, Cenagas coordinated the construction of a strategic inventory of at least five days for 45,000 million cubic feet of natural gas in 2026, but the arrival of López Obrador to the presidency left the project unfinished.
https://www.bloomberglinea.com/latinoamerica/mexico/exclusiva-cfe-evalua-invertir-en-almacenamiento-estrategico-de-gas-en-estados-unidos-y-mexico/
No doubt, it's basically a miracle he got this trading again.
Do people actually think Ward is spending time reviewing the fins??? Lol
Mirage is in an excellent position here. And whoever has wanted to buy in at these low levels has had more than ample time.
I'm looking for continued progress on these projects over the next 12 months with share price appreciation to match
I would devote almost all my time and what limited resources I have in landing a deal from Mexico
Nothing else matters
People can choose to buy a house from someone else
Actually just one letter posted twice but thanks for the concern. Couldn't be more of a non-issue.
Will be current soon which is the objective
The only change was at the top of page 3 where the total shares outstanding was updated to:
501,255,269 from 500,255,269
An ‘unprecedented drought’ is affecting the Panama Canal. El Niño could make it worse.
By Tara John and Taylor Ward, CNN
Published 5:12 PM EDT, Tue June 13, 2023
The Panama Canal is a vital conduit for shipping between the Pacific and Atlantic oceans
CNN
—
An “unprecedented drought” is affecting the Panama Canal’s water supply and leading authorities to impose surcharges and weight limits on ships traversing the key global trade route, according to the Panama Canal Authority.
Ships move through the Panama Canal through a lock system, which uses water from several freshwater reservoirs to float the massive cargo vessels overland.
But Panama is currently gripped by drought, and water levels at least one of those reservoirs – Gatun Lake – are dropping.
Lake levels are forecasted to hit historic lows in July, prompting authorities to implement water saving measures as well imposing strict draft restrictions, which is the distance between the waterline and the lowest point of the hull, in the last few months.
The lake’s dwindling water also supplies the nearby region, including Panama City.
“The climatic emergency decreed by the Panamanian National Government reinforces what the Panama Canal has been stating regarding the reality of a shortage of fresh water,” the statement read.
Much of Central America, including Panama, has been in significant drought in recent months. But the start of El Niño “could worsen” conditions, the Panama Canal authority also warned.
El Niño, a natural phenomenon in the tropical Pacific Ocean, typically brings warmer-than-average temperatures. This year, El Niño is expected to increase global temperatures, and could push 2023 or 2024 to be the warmest year on record.
The Panama Canal is a vital conduit for shipping between the Pacific and Atlantic oceans, helping vessels bypass the treacherous journey around the tip of South America, known as Cape Horn, as they largely move goods and commodities from Asia to ports on the United States’ east coast.
The canal was built from 1904 to 1914 by the United States, which had sole control over the channel across the Panamanian isthmus until 1979. The Panamanian government fully took control of the channel at the end of 1999.
Regional neighbors have sought opportunities to compete with the lucrative Panama Canal.
Nicaragua in 2014 announced the start of work on a multi-billion dollar shipping canal that aimed to rival Panama’s waterway – which has yet to materialize.
And this year, the Mexican government announced a plan to develop a corridor straddling a narrow isthmus in southern Mexico. Dubbed the Interoceanic Corridor, the plan would include a freight rail train stretching from the Pacific to the Gulf of Mexico.
https://edition.cnn.com/2023/06/13/americas/panama-canal-water-levels-climate-intl-latam/index.html
I know LOTS of people very interested to see what develops here
One of the quarterlies was refiled today. Gotta be getting close
It's all complete bullshit. It's a fact that some important people and organizations in Mexico just signed a BINDING MOU with little 'ol Michael Ward and Mirage Energy. Can anyone dispute that??? There are even pictures
It's also a fact that U.S. officials have dealt with Michael Ward and Mirage Energy.
It's all been discussed many times. Ignore the noise.
Good point little 'ol Mirage only needs one of those projects to be hugely rewarding for shareholders, but they are intertwined so all 3 is possible
Hey jstath, I hear you. I'm not one that has much trust in government, especially with who is at the helm. But these Mirage projects made sense before Covid. Post Covid, there are even greater global implications and necessity with the US wanting to move much of their manufacturing and other industries (semiconductors, medicine, etc.) to Mexico from China. Add to that the Ukraine war and implications for Europe desperately needing additional natural gas resources.
The Panama canal issues are just more icing on the cake and something that seems to get worse every year. And not sure if you remember but when Mirage previously announced their projects they showed a comparison to travel time using the MX Isthmus vs Panama Canal so that clearly is a driver.
So of course nothing is certain but things are looking like they will happen IMO. But I tend to usually look at the glass half full
In the most recent 10Q as of 1/31/23 I only saw two changes..
1) Total outstanding shares on page 1 matches with page 3. Previous report was off by 100,000 shares
2) Page 12 - Michael Ward signature block now has "CEO, Principal Officer" after his name
That's all I saw different unless I missed something
I'm not going to bother looking at the rest, I know they were very minor changes
That's because that address is still technically correct
The Fed's fight against U.S. inflation faces a new challenge: A dry Panama Canal
https://www.japantimes.co.jp/news/2023/06/03/business/panama-canal-dry-economic-impact/
As Panama Canal Hit With Draft Restrictions, Goldman Says Shippers Have Three Options
https://www.zerohedge.com/markets/panama-canal-hit-draft-restrictions-goldman-says-shippers-have-three-options
Panama Canal water level suffering from climate change
https://en.mercopress.com/2023/06/07/panama-canal-water-level-suffering-from-climate-change
Panama canal issues continue to be in the news and with no resolution, EXCEPT the Mexico Isthmus corridor ..AMAZING that Mirage will play a role in this solution
$MRGE
Incredible that he is still in the game after all this time, unheard of resilience. Most would have given up a long time, instead he is as close as ever
Doesn't interest me in the least, old news
Not in the 5 years since myself and many others have been invested in this stock. I know I did my DD beforehand. My decision was to invest in the future potential and still is
People need to take responsibility for their decisions. Looking forward to some solid progress this week for Mirage.
He came back home for the weekend, supposed to be back for taco Tuesday
No change to outstanding shares since last update..
O/S 505,479,269
Restricted 276,970,160
Unrestricted 228,509,109
Ok, so today is the 5th business day from the attorney letter filing. So should go current any day next week ..NICE!
Yeah I might have to raise my bids, tough to get cheap chares last couple days
Are you stuck in the stock at much higher levels?
Considering the delays and not meeting the dates in 8K, it has held up very well.
I'm anticipating good news
I have the actual PowerPoint presentation from that conference
I was hoping for some cheap shares at the open like yesterday but looks like bid is moving up.
Could be days away...