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....how long it will take to make a decision over Paraguay. The RNS used the term "Suspended" which means that they are deciding whether to continue or abandon.

Whatever the decision is, I think it would make sense to reach it sooner rather than later, and waste as little time & resource as possible

Very decent news about Green House. Market reacting in the right way. Nice to see all the buys. Price is so low right now it doesn't take much to make a significant % jump.....

What an incredible amount of Blue! The SP is ridiculously low right now, and it'll have to multi-bag many times over for LTH to break even, but all these Buys. Maybe they mean something, I really really do hope so.....

GLA............

Confirmation RNS saying it had successfully Spudded on 11th January, with approximately 45 days from then until it reaches the target depth. 45 days would be Sunday 25th.

Hopefully an RNS next Monday morning confirming it's all green and all engines go.....

1) Paraguay has spudded! 45 days before possible results. 2) Money coming in from Argentina. 3) Green House IPO approved.

Three pieces of really positive news. And no impact on the SP. Jeez this is an unloved share. I guess 1) and 3) are still jam tomorrow good news stories though. 17% chance in Paraguay. To paraphrase 'The Killers', are we investors, or are we chancers.....

Green House IPO in Q1 2024. I think it's been hinted at in a few RNS's that us PIs might get given shares in this as a dividend, in the same way we got ATOME shares previously. That would be nice....

In the New Year. Very unsurprising announcement. Wouldn't make sense to start work the week before Christmas and then have to pause it.

2024, the year Men goes back to work in Paraguay. Results probably beginning of March? Maybe this time it'll come good.......

Another potential future money-maker (or loser, of course) could go either way....

14% up so far today. :-)

Roll on lots more days like this......

Great news for President's Argentine business, that MEN sold to Peter Levine a month or so ago! Good news that the debt can be repaid. This is good news for MEN and the SP.

The cynic in me thinks that this has much the bigger impact for the Argentine Ops that Peter Levine has taken private which makes that deal a little bit worse for us shareholders.

Still, it is good news, so mustn't grumble too much....

Thanks AllinEol- I'd missed that. Think the original date was July, so hey ho, what's another week or two. If drilling normally takes 6-8 weeks before results, then maybe these delays are all a cunning plan by Molecular Energy to give us news of a gusher in December as a big Christmas present.

RNS on 31st August- "Commencement of drilling is now scheduled to take place at some stage in the second half of September."

RNS on 21st Sept, "The high impact exploration well is now expected to spud at or around the end this month or the first week of October."

No news since.

Seems a solid appointment. Here's wishing him all the best and hope he can help our investments....

Pics of the mast being raised on twitter yesterday

https://twitter.com/MolecularEn/status/1702318747934142467

A concern of investors a while ago was that PL could take the company private on the cheap. At about 0.6 of a penny a share in old money it seems like that's exactly what could happen

PL took Louisiana, and now he's getting Argentina. Leaves MEN with Paraguay and their new energy investments in Atome, Green House etc.

This is probably a very good move for Men. Hopefully the SP can go up and up from here. But yet, somehow I feel confused or at least misguided about Argentina, there is huge potential there, but I guess we say it didn't work out and move on.... Hmmm.....

Well that's good news; thanks, Ecclescake

Can't be delayed much more now, except how much is drilling for oil & gas like tennis and cricket, in as much as can rain stop play? I ask because the rainy season in Paraguay is in Oct & Nov, so if those months are a washout like a test match at Old Trafford then even if a victory looks within grasp it could get washed away. ......

Indeed.... Here's the FT's take on Argentina’s “Milei-Quake”, it says Aftershocks are coming....

https://www.ft.com/content/f4f46aaa-b777-409d-8766-d1cf8962d73d

President's estimated time of spud is "late August or early Sept" so mid to late September seems a reasonable bet! Haha