Ann: Fully Gas Saturated Coals, page-624

This week many traders here will be hoping for a quick return ($$) on small parcels and they will get it. They will choose to sell into the rise in price to lock in their gains. Who can blame them when it is quite common for professional pump and dump groups pushing shares up In price to sell into the rising price at a later date. This is NOT the case with Elixir Energy. I will be here in this forum for the length of the life of the company because the biggest rewards ($$$$$$) will come from holding from 2 cents to $5 and beyond. The most accelerated and compounding growth in the company’s share price will occur at these low levels (under 20 cents) especially leading up to the booking of a contingent resource (year-end) and then will be more gradual.

Elixir Energy is NOT a pump and DUMP scheme on retail mum and dad investors. It is a genuine opportunity to invest in quality management and a 100 % owned, Jurassic-sized, clean energy resource at historic lows and sit back and watch the share price rise to future highs.

Some may be anxious about the imminent drilling announcement. Will it disappoint? What will that do to the share price?

The company has anticipated this as well - after all they know more than anyone else they may need to attract fresh capital to complete their program of establishing a contingent resource. It’s worth noting that the company raised several million not just for the current drilling campaign but also for further exploration in the PSC and the ongoing delineation of the successful Nomgon 1 discovery. In other words, the company’s future does not depend on Nomgon 2 results - it’s not a binary investment. There are multiple new targets and hundreds of similar sub-basins in the gigantic PSC. The PSC is 30,000 square km and our crack team KNEW where to drill to strike Mongolia’s first ever coal seam gas deposit (Nomgon 1) in history. Nomgon 2 is nearby and the data to date shows its a continuation of a massive tectonic seam. Since March the company has attracted fresh capital in a heavily oversubscribed placement, a local MOU partner to provide fuel to a mining truck fleet of thousands as well as multiple equipment suppliers and engineering companies approaching the company for JVs in exploiting the PSC. And then there are the JV offers that have already been made to the board that have not been made public - yet.

A neutral or disappointing result at Nomgon 2 would only present a golden opportunity to buy the shares the young and impatient traders may sell for pips. I would also be buying more if this happens because successful investing is about meticulous and calculated strategy. Checkmate.