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John Polomny
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John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
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  • Energy Exploration In Ukraine

    Pretty good article:

    James Stafford: How critical, then, will Ukraine's development of its shale assets be to forging energy independence, and what needs to happen next?

    Robert Bensh: We could see some positive developments courtesy of the Russian maneuvering. There may be more impetus to invest in Ukraine's shale development once the dust settles on the Crimea debacle. We'll hear a lot of rhetoric for the next six months or so, but then the Crimea incident will be largely forgotten.

    Ukraine is a great place to operate, and now it will be more transparent, so the sector should be opened up to more investment, which will happen as energy independence assumes a higher priority on the government's agenda. The country has 14 per McF gas prices, which is very attractive. But Ukraine has to take the first step-and there is a lot to do.

    Clearly, Ukraine cannot be happy with the progress made by Shell and Chevron in the shale development process. The process has been open and transparent, but only on two enormous blocks. To truly get shale development in the country, Ukraine needs to auction off multiple blocks of shale acreage, and the best way to do that would not be through a data-room process in Kiev, but in Houston or Denver, where a majority of the shale industry is located. Ukraine needs about 15-20 oil and gas companies developing shale, not just Shell and Chevron.

    I bring this article to your attention due to Cub Energy, the 2014 stock of the year, operates in Ukraine and is exploring for along with producing oil and gas. I would think that optimally the government in Ukraine will be highly motivated to delineate and develop its own resource as quickly as possible in order to mitigate as much as possible Russian influence via gas supply.

    Disclosure: I am long TPNEF.

    Tags: TPNEF, Ukraine
    Mar 21 9:54 AM | Link | Comment!
  • Mongolia Growth Group January Shareholder Letter

    Press release:

    In January 2014, MGG's core commercial property portfolio* experienced a same-store rental increase of 37.7% relative to January 2013 on properties owned 12 months or longer as measured in local currency (Mongolian Togrog). Total billed revenue for January 2014 was 247.2 million Mongolian Togrog as compared to 199.5 million Mongolian Togrog in January of 2013 or a 23.9% increase.** The occupancy rate for the core portfolio in January of 2014 was 92.2%, including an occupancy rate of 98.7% for core retail properties and an occupancy rate of 79.6% for core office properties.

    We ended the month with no rental payments that were over 30 days late-which is the first time that this has happened in the history of our company. This is indicative of the financial strength and professionalism of our current tenant base. In addition, this clearly demonstrates that the productivity initiatives that we have undertaken over the past two years are now bearing fruit.

    Now if OT phase two would get approved the cloud over Mongolia would lift and the shares of these Mongolia based companies would more than likely increase.

    Disclosure: I am long MNGGF.

    Tags: MNGGF, Mongolia
    Feb 23 11:28 AM | Link | 1 Comment
  • Throwing In The Towel On Cortex Business Solutions

    It is time to throw in the towel on Cortex Business Solutions. This is the procurement solution company that I had as the stock of the year for 2013. Although the company continues to grow the business it is just not fast enough to become cashflow positive. They announced a 100 million share offering at $.10 per share. This will take the share count well over 300 million. My view was that the viral nature of the business would lead to exponential growth. However it just does not seem to be happening. Growth in the teens is just not going to get it. I will continue to watch the business as I think they have a unique solution but I cannot sit around and be diluted to death. I missed on this one and I am out.

    Disclosure: I am long CTXZF.

    Additional disclosure: I am going to sell out my position next week.

    Tags: CTPNF
    Feb 22 12:19 PM | Link | Comment!
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