Member Info for passiton

Still cutting to preserve the Petroleum fund but looking to promote INVESTMENT

With the 2023 Amending State Budget, the total expenditure of the Public Administrative Sector

for 2023 will have a total consolidated value of US$ 1.77 billion. With this amendment, the

authorised transfer from the Petroleum Fund drops from US$ 1.35 billion to US$ 1.21 billion US

dollars.

Nearly a month on from the approval of the Government Programme, Prime Minister Kay Rala

Xanana Gusmão, in his speech presenting the Law Proposal, stated that “the 9th Constitutional

Government is fully committed to a fiscal policy that will lead to the country's economic development

and that spending and revenue will be managed scrupulously and efficiently, to promote once again

confidence, not only among our citizens but also among investors.”

The Major Planning Options Law scrapped, is an interesting one, the original

concept for project Tasi Mane, the Gas/LNG plan was ALL to be built at Beaco

1 - 4 strings Gas LNG Export facilities and a standalone single string Gas LNG

Import facility for its own domestic use ( 3 power stations being converted

from Diesel to Gas by 2025 , was the plan)

Wonder if , they are planning to revive Gusmao's original plan , as above, if so

Beaco on the South East Coast , is much closer to Chuditch , than the alternate

Northern site just to the East of Dili in the North........🤔

Map

https://www.offshore-energy.biz/as-farm-out-talks-continue-uk-player-gets-short-term-extension-for-gas-asset-off-timor-leste/

Extract from yesterdays TL Parliament session, to amend laws and approve the budget

Prime Minister Kay Rala Xanana Gusmão, in his speech presenting the Law Proposal, stated that “the 9th

Constitutional Government is fully committed to a fiscal policy that will lead to the country's economic

development, and that spending and revenue will be managed scrupulously and efficiently, to promote once

again confidence, not only among our citizens but also among investors.”

Thus, to ensure greater stability in the General State Budget and to guarantee the sustainability, rigour

and transparency of public accounts, the 'Major Planning Options' Law will be repealed, and the Annual

Strategic Investment Plan will be created

Lastly, Prime Minister explained that changes to the Tax Law are being proposed to clarify and stabilise

the tax regime in force to offer greater legal certainty and fiscal stability to foreign investment.

Kay Rala Xanana Gusmão also stated that “the approval of this Budget also allows the new government structure

to fulfil its mission, especially in the commitment to implement the measures planned for the first 120 days

of this term,” which the Head of Government assumed in his speech when he took office.

For this reason and given that our population cannot wait any longer to feel the benefits of the policies

that the government intends to implement,” the government submitted “this law proposal with a request for

priority and urgency, he added.

On that link , monthly events under button Procedural Details

Hopefully some positive event to report in August on the Kyrgyzstan v imc arbitration

which could be a very big cash boost to mnrg, seem to be throwing files/motions at

each other monthly, nothing this month so far

https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/25

Travelling back next week, hoping to see a Rolf update on at least Gold Ridge,, last

RNA message about it on the rns news wire, some results due end June, early July

from the lab, WAKEY WAKEY Rolf , its now running towards the end of August..GLA

mnangagwa not one to cross , as reputed behind the poisoning of other political

rivals and others that have got in his way..........

given the kick up the **** he gave them all last year to clear all legacy issues

putting adverse view on investing in zimbabwe.

if that vast v rbz/gov arbitration hits the international tabloids

would not want to be the dudes , that have embarrassed him again,

surely there are easier ways of committing suicide

or are they just suffering from terminal stupidity 😜

So potential legal action coming, if they do not comply with the High Court ruling

Wonder what El Presidente has to say on the matter, would ask but he closed the DM

(probably a minion running it for him) on his twitter account a few years ago.

Probably sick to death of moaning PREM and VAST holders 😂🤣😂

The codes were real long ago Kopf, long since demised with the advent of new

technology , the list below all valid and the initial number of 1 to 6 also tended

to fit as an abbreviated version e.g.

1 = 100 = I need shares

These days most are Richard Heads playing on the fee free sites. Especially the return

a couple of years ago of endless 1 600 900 911 that started when the fee free site much

advertised on the TV these days opened its website for business.🙄

Have seen 1 codes on a share day in day out for up to 3 months before rns flashed

others with 30-40 in a week and no news.........

This was real -----long gone with modern tech...........GLA

http://www.pennystockdream.com/Market-Maker-Signals

1 relative to news , has been just a coincidental MADE TO FIT piece of NONSENSE

for decades..........😂

AP as always will be entering the las 5 minutes of the game

for some Ferguson , squeaky bum time......... 😂

https://techcrunch.com/wp-content/uploads/2013/11/squeakybumtime.jpg?w=990&crop=1

As one well clued up in that department ASI

how many known possible auctions , before the end of September

target to pay off the creditors ?🤔

And we have out own Darth Trader at the helm , running vast for years

with the opening of Star Wars

https://media0.giphy.com/media/dRXSJTNTfr9AI/giphy.gif?cid=ecf05e47bd4y795yjdpkku3b4ne3bscvjz6642wwlyrx95su&ep=v1_gifs_search&rid=giphy.gif&ct=g

Only in this case, it really is the VAST expanses of space and time

in a country far far away 😂

😂 yes I guess so chesh

but at least the current one , like Vast , want the legacy issues GONE

Https://media.tenor.com/7JbWAKaoqRwAAAAC/yes-vote.gif

Https://media4.giphy.com/media/HVzSwnbzgLFwMLZAkR/giphy.gif?cid=ecf05e47off1owkmzh7i9swurqhiu2q0ucof0bi8hgu60bwm&ep=v1_gifs_search&rid=giphy.gif&ct=g

Tick up late in the day , flurry of buying , not as if news not

WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY overdue 😂🤣😂

Nice 15m and 25m buys in the mix also..........GLA 😜

👀👁‍🗨👁‍🗨👀

📰

And chech, better the devil you know, than another grand mystery tour

by a new player/s, the opposition protest everything big Ed has done

so wkwtf they would come up with, hike fees and taxes, shock and

reduce them ?🤔

Probably mute anyway, Big Ed declared the other day , it's no contest, just

how much he win by 😜

Also has something in common with Saddam Hussain and Vlad Putin, he also

rose from the hit squad ranks, Mugabe noticed him early, loyal and had a brain,

Robert took him under his wing and groomed his as a potential successor

Then they fell out...............and the student became the master........

HARARE (Reuters) - Zimbabwe’s former leader Robert Mugabe said he never thought new

President Emmerson Mnangagwa would turn against him and denounced Mnangagwa’s move

to oust him last year as a coup.😂🤣😂

can't argue with that , ap has covered himself in beyond mediocrity

for over a decade..........leopards spots etc 😂🤣😂

the only thing that has changed, is the drive is now by the zimbabwe president

until he stuck a jackboot up the ****s of his minions late last year, the diamonds

etc had not had a mention since the ministry appealed the high court decision

in 2010 granting both the two licenses and the diamonds seized back to afcr

(vast)

not just us , dozens of high court cases resurfaced and all like ours unchallenged

by the ministry , his mission a simple one, he blames all those that came before him

for his current woes and lack of investment in zimbabwe, still pushing for other sectors

and an annual dream of the mining industry alone , providing his government coffers

with a minimum of 12-15 billion per annum.

And Chesh , soz for late reply been out on other business for a bit, hard to say m8

BUT the looking to refinance until the end of September (pay off with diamonds)

messages, seem to indicate, AP is expecting movement and a Diamond auction

soon, why not ask creditors for a stay of execution until Oct/Nov, if expecting this

to keep going at a snail pace ? 🤔

The Zimbabwe elections are also this month, so perhaps ,💎💎💎 the license etc all

wound up in one tangled weave , we are yet to hear about, Ed Mnangagwa and his

Mining minister still in play to get their plans cleared, vice do it this week and in

about 12 days a new , el presidente and ministers having other idea's and putting

all back in the courts AGAIN......... 😜

Most importantly, AP must be expecting to hit one of the upcoming auctions, to be

in a position to PAY the debt due at the end of the September extension🤔

No Hector well in profit, played AP like a fiddle myself for around 13 years

after the first couple of rug pulls and the horrendous , black scholes finance

arrangements.

Ever since , knowing what's coming played hit and run, accumulating a nice

sized freebie over the years, last load was the recent 0.2p to 1.12p rise, when

expecting a run to several pence but with AP it is what it is........

Sat on the freebie as we drifted down , then punch myself senseless, got more

when it settled around 0.6p, since we arrived down here 0.3p loaded a few

So fortunate and sitting with an overall average way below current prices

🤞🤞🤞🤞🤞🤞🤞 he don't pull the rug again😂🤣😂

Yep

President wants ours and others sorted to clear the decks, AP wants it

Vast want it , we want it BUT as posted earlier T.I.A

Moves slower than Baldrick's Moustache..... 😂🤣😂